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WORKERS COMPENSATION INSURANCE, 2004-2013

($000)

      Combined ratio (1)
Year Net premiums
written (2)
Annual percent
change
Calendar
year (3)
Annual point
change (4)
Accident
year (5)
Annual point
change
2004 $36,735,582 11.7% 106.9 -3.6 pts. 88 -10 pts.
2005 38,981,699 6.1 102.1 -4.8 87 -1
2006 41,820,419 7.3 95.4 -6.7 86 -1
2007 40,610,991 -2.9 101.7 6.3 99 13
2008 36,939,016 -9.0 101.5 -0.2 106 7
2009 32,247,870 -12.7 107.9 6.4 110 4
2010 31,643,087 -1.9 116.1 8.2 118 8
2011 35,664,230 12.7 117.6 1.5 113 -5
2012 38,747,594 8.6 110.4 -7.3 107 -6
2013 40,896,983 5.5 103.0 -7.4 99 (6) -8

(1) After dividends to policyholders. A drop in the combined ratio represents an improvement; an increase represents a deterioration.
(2) After reinsurance transactions, excludes state funds.
(3) Calendar year data are from SNL Financial.
(4) Calculated from unrounded data.
(5) Accident year data are from the National Council on Compensation Insurance (NCCI).
(6) Estimated by NCCI.

Source: SNL Financial LC; ©National Council on Compensation Insurance.

 
WORKERS COMPENSATION INSURANCE, 1999-2008
      Combined ratio (1)
Year Net premiums written (2) ($000) Annual percent change Calendar year (3) Annual point change Accident year (3) Annual point change
1999 $23,090,325 -4.7% 120.0 NA 143 10 pts.
2000 26,185,928 13.4 114.9 -5.1 pts. 137 -6
2001 27,123,299 3.6 117.3 2.4 124 -13
2002 30,612,127 12.9 108.7 -8.6 106 -18
2003 32,919,340 7.5 108.9 0.2 97 -9
2004 36,734,514 11.6 105.5 -3.4 88 -9
2005 39,724,580 8.1 100.5 -5.0 87 -1
2006 41,820,365 5.3 93.8 -6.7 85 -2
2007 40,860,378 -2.3 99.3 5.5 96 11
2008 36,932,620 -9.6 99.3 0.0 100 (4) 4

(1) After dividends to policyholders. A drop in the combined ratio represents an improvement; an increase represents a deterioration.
(2) After reinsurance transactions, excluding state funds.
(3) Calendar year data are from National Association of Insurance Commissioners (NAIC) Annual Statement Database, via Highline Data, LLC., calculated from unrounded data. Accident year are from the National Council on Compensation Insurance (NCCI).
(4) Estimated by NCCI.

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; National Council on Compensation Insurance.

 
WORKERS COMPENSATION INSURANCE, 2000-2009
      Combined ratio (1)
Year Net premiums
written (2) ($000)
Annual percent
change
Calendar year (3) Annual point
change (4)
Accident year (5) Annual point
change
2000 $25,887,885 12.3% 119.6 0.1 pts. 138 -5 pts.
2001 26,974,432 4.2 120.7 1.2 125 -13
2002 30,735,382 13.9 110.5 -10.3 106 -19
2003 32,941,962 7.2 109.7 -0.8 97 -9
2004 36,688,888 11.4 106.0 -3.6 88 -9
2005 39,788,398 8.4 101.9 -4.2 87 -1
2006 41,735,186 4.9 96.5 -5.4 86 -1
2007 40,582,828 -2.8 100.6 4.1 98 12
2008 36,523,030 -10.0 101.0 0.4 102 4
2009 32,010,016 -12.4 108.0 7.1 107 (6) 5

(1) After dividends to policyholders. A drop in the combined ratio represents an improvement; an increase represents a deterioration.
(2) After reinsurance transactions, excluding state funds.
(3) Calendar year data are from SNL Financial LC.
(4) Calculated from unrounded data.
(5) Accident year data are from the National Council on Compensation Insurance (NCCI).
(6) Estimated by NCCI.

Source: SNL Financial LC; National Council on Compensation Insurance.

 
WORKERS COMPENSATION INSURANCE, 2001-2010

($000)

      Combined ratio (1)
Year Net premiums
written (2)
Annual percent
change
Calendar year (3) Annual point
change (4)
Accident year (5) Annual point
change
2001 $26,974,242 4.2% 120.7 1.2 pts. 125 -13.0 pts.
2002 30,735,382 13.9 110.5 -10.2 106 -19
2003 32,941,961 7.2 109.7 -0.8 97 -9
2004 36,688,888 11.4 106.0 -3.6 88 -9
2005 39,788,398 8.4 101.9 -4.2 87 -1
2006 41,735,186 4.9 96.5 -5.4 86 -1
2007 40,582,828 -2.8 100.6 4.1 98 12
2008 36,523,030 -10.0 101.0 0.4 104 6
2009 32,009,874 -12.4 108.0 7.0 109 5
2010 31,483,419 -1.6 115.9 7.9 114 (6) 5

(1) After dividends to policyholders. A drop in the combined ratio represents an improvement; an increase represents a deterioration.
(2) After reinsurance transactions, excluding state funds.
(3) Calendar year data are from SNL Financial LC.
(4) Calculated from unrounded data.
(5) Accident year data are from the National Council on Compensation Insurance (NCCI).
(6) Estimated by NCCI.

Source: SNL Financial LC; National Council on Compensation Insurance.

 
WORKERS COMPENSATION INSURANCE, 2002-2011

($000)

      Combined ratio (1)
Year Net premiums
written (2)
Annual percent
change
Calendar
year (3)
Annual point change (4) Accident
year (5)
Annual point change
2002 $30,735,382 13.9% 110.5 -10.2 pts. 106 -19 pts.
2003 32,941,961 7.2 109.7 -0.8 97 -9
2004 36,688,888 11.4 106.0 -3.6 88 -9
2005 39,788,398 8.4 101.9 -4.2 87 -1
2006 41,735,186 4.9 96.5 -5.4 86 -1
2007 40,582,828 -2.8 100.6 4.1 98 12
2008 36,523,030 -10.0 101.0 0.4 104 6
2009 32,009,874 -12.4 108.0 7.0 109 5
2010 31,483,471 -1.6 115.9 7.9 116 7
2011 35,666,609 13.3 117.2 1.3 114 (6) -2

(1) After dividends to policyholders. A drop in the combined ratio represents an improvement; an increase represents a deterioration.
(2) After reinsurance transactions, excluding state funds.
(3) Calendar year data are from SNL Financial.
(4) Calculated from unrounded data.
(5) Accident year data are from the National Council on Compensation Insurance (NCCI).
(6) Estimated by NCCI.

Source: SNL Financial LC; National Council on Compensation Insurance.

 
WORKERS COMPENSATION INSURANCE, 2003-2012

($000)

      Combined ratio (1)
Year Net premiums
written (2)
Annual percent
change
Calendar
year (3)
Annual point change (4) Accident
year (5)
Annual point change
2003 $32,885,046 7.4% 110.5 -0.8 pts. 98 -8 pts.
2004 36,735,582 11.7 106.9 -3.6 88 -10
2005 38,981,699 6.1 102.1 -4.8 87 -1
2006 41,820,419 7.3 95.4 -6.7 86 -1
2007 40,610,991 -2.9 101.7 6.3 99 13
2008 36,939,016 -9.0 101.5 -0.2 106 7
2009 32,247,870 -12.7 107.9 6.4 110 4
2010 31,643,087 -1.9 116.1 8.2 118 8
2011 35,664,230 12.7 117.6 1.5 114 -4
2012 37,943,501 6.4 109.7 -8.0 108 (6) -6

(1) After dividends to policyholders. A drop in the combined ratio represents an improvement; an increase represents a deterioration.
(2) After reinsurance transactions, excludes state funds.
(3) Calendar year data are from SNL Financial LC.
(4) Calculated from unrounded data.
(5) Accident year data are from the National Council on Compensation Insurance (NCCI).
(6) Estimated by NCCI.

Source: SNL Financial LC; National Council on Compensation Insurance.