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. |
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