PRODUCTS LIABILITY INSURANCE, 2003-2012 |
($000)
|
Year |
Net premiums written (1) |
Annual percent change |
Combined ratio (2) |
Annual point change (3) |
2003 |
$2,726,599 |
51.7% |
165.8 |
-187.5 pts. |
2004 |
3,401,867 |
24.8 |
152.4 |
-13.5 |
2005 |
3,546,009 |
4.2 |
131.1 |
-21.3 |
2006 |
3,621,671 |
2.1 |
77.8 |
-53.3 |
2007 |
3,265,035 |
-9.8 |
99.8 |
22.0 |
2008 |
2,777,587 |
-14.9 |
124.0 |
24.2 |
2009 |
2,365,681 |
-14.8 |
124.0 |
(4) |
2010 |
2,050,619 |
-13.3 |
157.1 |
33.1 |
2011 |
2,320,540 |
13.2 |
160.0 |
2.9 |
2012 |
2,546,403 |
9.7 |
100.4 |
-59.6 |
(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.
(4) Less than 0.1 point.
Source: SNL Financial LC. |
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