Farmowners Multiple Peril Insurance, 2014-2023
| Year | Net premiums written (1) |
Annual percent change |
Combined ratio (2) |
Annual point change (3) |
|---|---|---|---|---|
| 2014 | $3,628,084 | 3.3% | 95.4 | 1.5 pts. |
| 2015 | 3,762,451 | 3.7 | 89.9 | -5.6 |
| 2016 | 3,802,197 | 1.1 | 93.6 | 3.8 |
| 2017 | 3,925,285 | 3.2 | 105.7 | 12.1 |
| 2018 | 4,128,898 | 5.2 | 97.0 | -8.7 |
| 2019 | 4,327,315 | 4.8 | 99.0 | 2.0 |
| 2020 | 4,443,265 | 2.7 | 105.8 | 6.8 |
| 2021 | 5,351,474 | 20.4 | 97.6 | -8.2 |
| 2022 | 5,696,483 | 6.4 | 108.8 | 11.2 |
| 2023 | 6,304,075 | 10.7 | 111.2 | 2.4 |
(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.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.