Insurance Handbook

Net Premiums Written, Property/Casualty And Life/Health

There are three main insurance sectors. Property/casualty (P/C) consists mainly of auto, home and commercial insurance. Life/health (L/H) consists mainly of life insurance and annuity products. Most private health insurance is written by insurers whose main business is health insurance. However, L/H and P/C insurers also write this coverage. In 2017 P/C net premiums written rose by 4.6 percent while L/H net premiums written fell by 0.5 percent.

Property/Casualty And Life/Health Insurance Net Premiums Written, 2008-2017

($000)

Year Property/casualty (1) Life/health (2) Total
2008 $440,318,983 $607,250,216 $1,047,569,199
2009 423,528,077 491,487,792 915,015,869
2010 425,878,773 560,494,920 986,373,693
2011 441,562,154 602,257,296 1,043,819,450
2012 460,686,182 623,238,450 1,083,924,632
2013 481,517,971 560,070,547 1,041,588,518
2014 502,842,475 644,480,928 1,147,323,403
2015 520,149,847 635,549,216 1,155,699,063
2016 533,696,758 597,634,158 1,131,330,916
2017 558,205,126 594,910,567 1,153,115,693
Percent change,
2008-2017		 26.8% -2.0% 10.1%

(1) Net premiums written after reinsurance transactions, excludes state funds.
(2) Premiums, annuity considerations (fees for annuity contracts) and deposit-type funds for Life/health insurance companies.

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

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Property/Casualty And Life/Health Insurance Premiums, 2017 (1)

(US$ billions)

(1) Property/casualty: net premiums written after reinsurance transactions, excludes state funds; Life/health: premiums, annuity considerations (fees for annuity contracts) and deposit-type funds.

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

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Growth In Net Premiums Written, Property/Casualty And Life/Health Insurance, 2008-2017

(Percent change from prior year)

(1) Net premiums written after reinsurance transactions, excludes state funds.
(2) Premiums and annuity considerations (fees for annuity contracts) for life/health insurance companies.

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

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Direct Premiums Written, Property/Casualty And Life/Health

Property/Casualty And Life/Health Insurance Direct Premiums Written, 2008-2017

($000)

Year Property/casualty (1) Life/health (2) Total
2008 $498,690,753 $661,930,391 $1,160,621,144
2009 483,081,379 608,132,912 1,091,214,291
2010 484,404,467 612,939,920 1,097,344,387
2011 502,005,179 656,925,970 1,158,931,148
2012 523,881,547 684,847,397 1,208,728,944
2013 546,250,329 646,631,460 1,192,881,789
2014 570,782,893 662,283,299 1,233,066,193
2015 591,757,789 681,077,936 1,272,835,725
2016 613,362,479 683,352,546 1,296,715,025
2017 642,480,043 691,374,713 1,333,854,756
Percent change,
2008-2017		 28.8% 4.4% 14.9%

(1) Direct premiums written before reinsurance transactions, excludes state funds.
(2) Premiums, annuity considerations (fees for annuity contracts) and deposit-type funds for life/health insurance companies.

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

View Archived Tables