Farmowners Multiple Peril Insurance, 2015-2024
| Year | Net premiums written (1) |
Annual percent change |
Combined ratio (2) |
Annual point change (3) |
|---|---|---|---|---|
| 2015 | $3,755,534 | 3.7% | 89.9 | -5.5 pts. |
| 2016 | 3,795,633 | 1.1 | 91.1 | 1.2 |
| 2017 | 3,919,649 | 3.3 | 105.7 | 14.7 |
| 2018 | 4,124,021 | 5.2 | 97.0 | -8.7 |
| 2019 | 4,320,341 | 4.8 | 99.3 | 2.3 |
| 2020 | 4,436,804 | 2.7 | 106.0 | 6.7 |
| 2021 | 5,343,486 | 20.4 | 97.2 | -8.9 |
| 2022 | 5,636,129 | 5.5 | 108.6 | 11.4 |
| 2023 | 6,292,504 | 11.6 | 111.0 | 2.4 |
| 2024 | 6,864,149 | 9.1 | 100.7 | -10.3 |
(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.