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.