Archived Tables

Current Table

Multiple Peril Crop Insurance, 2006-2015 (1)

($000)

Year Net premiums written (2) Annual percent change Combined ratio (3) Annual point change (4)
2006 $2,824,769 26.4% 77.9 -13.3 pts.
2007 3,648,996 29.2 74.7 -3.2
2008 5,077,625 39.2 90.1 15.3
2009 3,964,690 -21.9 79.7 -10.4
2010 3,501,631 -11.7 73.9 -5.8
2011 5,456,991 55.8 90.6 16.8
2012 5,321,811 -2.5 104.0 13.3
2013 4,942,547 -7.1 103.3 -0.7
2014 4,189,765 -15.2 104.9 1.6
2015 3,680,768 -12.1 99.9 -5.1

(1) Includes private crop-hail insurance from 2006 to 2013. Data for 2014 and 2015 exclude private crop-hail insurance.
(2) After reinsurance transactions, excludes state funds.
(3) After dividends to policyholders. A drop in the combined ratio represents an improvement; an increase represents a deterioration.
(4) Calculated from unrounded numbers.

Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.

 
MULTIPLE PERIL CROP INSURANCE, 1999-2008

($000)

Year Net premiums written (1) Annual percent change  Combined ratio (2) Annual point change (3)
1999 $725,821 1.8% 98.2 NA
2000 938,840 29.3 90.4 -7.8 pts.
2001 1,321,820 40.8 96.0 5.6
2002 2,003,443 51.6 124.4 28.4
2003 1,702,862 -15.0 109.8 -14.6
2004 2,203,143 29.4 76.1 -33.8
2005 2,234,630 1.4 91.3 15.2
2006 2,828,084 26.6 77.8 -13.5
2007 3,648,996 29.0 74.7 -3.0
2008 5,077,625 39.2 90.1 15.3

(1) After reinsurance transactions, excluding state funds.
(2) After dividends to policyholders. A drop in the combined ratio represents an improvement; an increase represents a deterioration.
(3) Calculated from unrounded data.

NA=Data not available.

Source: National Association of Insurance Commissioners (NAIC) Annual Statement Database, via Highline Data, LLC. Copyrighted information. No portion of this work may be copied or redistributed without the express written permission of Highline Data, LLC.

 
MULTIPLE PERIL CROP INSURANCE, 2000-2009

($000)

Year Net premiums written (1) Annual percent change Combined ratio (2) Annual point change (3)
2000 $834,644 15.0% 96.1 -2.0 pts.
2001 1,236,984 48.2 103.4 7.3
2002 2,226,403 80.0 123.9 20.5
2003 1,581,857 -29.0 106.8 -17.1
2004 2,204,523 39.4 76.0 -30.8
2005 2,234,632 1.4 92.1 16.0
2006 2,828,085 26.6 77.8 -14.3
2007 3,648,998 29.0 74.7 -3.1
2008 5,077,615 39.2 89.9 15.2
2009 3,962,049 -22.0 79.7 -10.2

(1) After reinsurance transactions, excluding state funds.
(2) After dividends to policyholders. A drop in the combined ratio represents an improvement; an increase represents a deterioration.
(3) Calculated from unrounded data.

Source: SNL Financial LC.

 
MULTIPLE PERIL CROP INSURANCE, 2001-2010

($000)

Year Net premiums written (1) Annual percent change Combined ratio (2) Annual point change (3)
2001 $1,236,984 48.2% 103.4 7.3 pts.
2002 2,226,403 80.0 123.9 20.5
2003 1,581,857 -29.0 106.8 -17.1
2004 2,204,523 39.4 76.0 -30.8
2005 2,234,632 1.4 92.1 16.0
2006 2,824,770 26.4 77.9 -14.1
2007 3,648,998 29.2 74.7 -3.2
2008 5,077,615 39.2 89.9 15.2
2009 3,962,049 -22.0 79.7 -10.2
2010 3,501,632 -11.6 73.9 -5.9

(1) After reinsurance transactions, excluding state funds.
(2) After dividends to policyholders. A drop in the combined ratio represents an improvement; an increase represents a deterioration.
(3) Calculated from unrounded data.

Source: SNL Financial LC.

 
MULTIPLE PERIL CROP INSURANCE, 2002-2011

($000)

Year Net premiums written (1) Annual percent change Combined ratio (2) Annual point change (3)
2002 $2,226,403 80.0% 123.9 20.5 pts.
2003 1,581,857 -29.0 106.8 -17.1
2004 2,204,523 39.4 76.0 -30.8
2005 2,234,632 1.4 92.1 16.0
2006 2,824,770 26.4 77.9 -14.1
2007 3,648,998 29.2 74.7 -3.2
2008 5,077,615 39.2 89.9 15.2
2009 3,962,049 -22.0 79.7 -10.2
2010 3,501,631 -11.6 73.9 -5.9
2011 5,456,991 55.8 90.6 16.7

(1) After reinsurance transactions, excluding state funds.
(2) After dividends to policyholders. A drop in the combined ratio represents an improvement; an increase represents a deterioration.
(3) Calculated from unrounded data.

Source: SNL Financial LC.

 
MULTIPLE PERIL CROP INSURANCE, 2002-2011

($000)

Year Net premiums written (1) Annual percent change Combined ratio (2) Annual point change (3)
2002 $2,226,403 80.0% 123.9 20.5 pts.
2003 1,581,857 -29.0 106.8 -17.1
2004 2,204,523 39.4 76.0 -30.8
2005 2,234,632 1.4 92.1 16.0
2006 2,824,770 26.4 77.9 -14.1
2007 3,648,998 29.2 74.7 -3.2
2008 5,077,615 39.2 89.9 15.2
2009 3,962,049 -22.0 79.7 -10.2
2010 3,501,631 -11.6 73.9 -5.9
2011 5,456,991 55.8 90.6 16.7

(1) After reinsurance transactions, excluding state funds.
(2) After dividends to policyholders. A drop in the combined ratio represents an improvement; an increase represents a deterioration.
(3) Calculated from unrounded data.

Source: SNL Financial LC.

 
MULTIPLE PERIL CROP INSURANCE, 2003-2012

($000)

Year Net premiums written (1) Annual percent change Combined ratio (2) Annual point change (3)
2003 $1,702,862 -15.0% 109.8 -14.6 pts.
2004 2,203,143 29.4 76.1 -33.8
2005 2,234,630 1.4 91.3 15.2
2006 2,824,769 26.4 77.9 -13.3
2007 3,648,996 29.2 74.7 -3.2
2008 5,077,625 39.2 90.1 15.3
2009 3,964,690 -21.9 79.7 -10.4
2010 3,501,631 -11.7 73.9 -5.8
2011 5,456,991 55.8 90.6 16.8
2012 4,244,123 -22.2 106.6 16.0

(1) After reinsurance transactions, excludes state funds.
(2) After dividends to policyholders. A drop in the combined ratio represents an improvement; an increase represents a deterioration.
(3) Calculated from unrounded data.

Source: SNL Financial LC.

 
MULTIPLE PERIL CROP INSURANCE, 2004-2013

($000)

Year Net premiums written (1) Annual percent change Combined ratio (2) Annual point change (3)
2004 $2,203,143 29.4% 76.1 -33.8 pts.
2005 2,234,630 1.4 91.3 15.2
2006 2,824,769 26.4 77.9 -13.3
2007 3,648,996 29.2 74.7 -3.2
2008 5,077,625 39.2 90.1 15.3
2009 3,964,690 -21.9 79.7 -10.4
2010 3,501,631 -11.7 73.9 -5.8
2011 5,456,991 55.8 90.6 16.8
2012 5,321,811 -2.5 104.0 13.3
2013 4,942,547 -7.1 103.3 -0.7

(1) After reinsurance transactions, excludes state funds.
(2) After dividends to policyholders. A drop in the combined ratio represents an improvement; an increase represents a deterioration.
(3) Calculated from unrounded data.

Source: SNL Financial LC.

 
MULTIPLE PERIL CROP INSURANCE, 2005-2014 (1)

($000)

Year Net premiums written (2) Annual percent change Combined ratio (3) Annual point change (4)
2005 $2,234,630 1.4% 91.3 15.2 pts.
2006 2,824,769 26.4 77.9 -13.3
2007 3,648,996 29.2 74.7 -3.2
2008 5,077,625 39.2 90.1 15.3
2009 3,964,690 -21.9 79.7 -10.4
2010 3,501,631 -11.7 73.9 -5.8
2011 5,456,991 55.8 90.6 16.8
2012 5,321,811 -2.5 104.0 13.3
2013 4,942,547 -7.1 103.3 -0.7
2014 4,189,765 -15.2 104.9 1.6

(1) Includes private crop-hail insurance from 2005 to 2013. Data for 2014 excludes private crop-hail insurance.
(2) After reinsurance transactions, excludes state funds.
(3) After dividends to policyholders. A drop in the combined ratio represents an improvement; an increase represents a deterioration.
(4) Calculated from unrounded numbers.

Source: SNL Financial LC.