Farmowners Multiple Peril Insurance, 2013-2022

($000)

Year Net premiums written (1) Annual percent change Combined ratio (2) Annual point change (3)
2013 $3,511,651 7.1% 93.9 -5.6 pts.
2014 3,628,084 3.3 95.4 1.5
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 5,691,602 6.4 108.6 11.1
(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.