Boiler And Machinery Insurance, 2015-2024
| Year | Net premiums written (1) |
Annual percent change |
Combined ratio (2) |
Annual point change (3) |
|---|---|---|---|---|
| 2015 | $1,680,508 | -15.9% | 69.9 | -6.1 pts. |
| 2016 | 1,891,341 | 12.5 | 78.8 | 8.9 |
| 2017 | 2,042,706 | 8.0 | 76.5 | -2.3 |
| 2018 | 2,599,610 | 27.3 | 86.3 | 9.9 |
| 2019 | 2,550,200 | -1.9 | 72.8 | -13.6 |
| 2020 | 2,827,603 | 10.9 | 85.4 | 12.6 |
| 2021 | 3,369,342 | 19.2 | 71.5 | -13.9 |
| 2022 | 3,641,220 | 8.1 | 64.6 | -6.8 |
| 2023 | 4,276,518 | 17.4 | 66.1 | 1.5 |
| 2024 | 4,556,698 | 6.6 | 62.7 | -3.5 |
(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 numbers.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.