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Boiler And Machinery Insurance, 2015-2024

($000)
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.

Boiler And Machinery Insurance, 2013-2022

($000)
Year Net premiums
written (1)
Annual percent
change
Combined
ratio (2)
Annual point
change (3)
2013 $1,979,514 4.9% 72.2 -8.6 pts.
2014 1,998,967 1.0 76.3 4.1
2015 1,682,090 -15.9 69.3 -6.9
2016 1,892,160 12.5 78.6 9.3
2017 2,043,204 8.0 76.4 -2.2
2018 2,600,761 27.3 86.4 9.9
2019 2,551,133 -1.9 72.9 -13.5
2020 2,830,040 10.9 85.3 12.5
2021 3,372,602 19.2 71.4 -13.9
2022 3,641,421 8.0 64.6 -6.9

(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.

Boiler And Machinery Insurance, 2012-2021

($000)
Year Net premiums
written (1)
Annual percent
change
Combined
ratio (2)
Annual point
change (3)
2012 $1,887,625 4.2% 80.8 5.8 pts.
2013 1,979,514 4.9 72.2 -8.6
2014 1,998,967 1.0 76.3 4.1
2015 1,682,090 -15.9 69.3 -6.9
2016 1,892,160 12.5 78.6 9.3
2017 2,043,204 8.0 76.4 -2.2
2018 2,600,761 27.3 86.4 9.9
2019 2,551,133 -1.9 72.9 -13.5
2020 2,830,040 10.9 85.3 12.5
2021 3,301,684 16.7 70.9 -14.5

(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.

Boiler And Machinery Insurance, 2011-2020

($000)
Year Net premiums
written (1)
Annual percent
change
Combined
ratio (2)
Annual point
change (3)
2011 $1,810,941 5.2% 75.0 3.5 pts.
2012 1,887,625 4.2 80.8 5.8
2013 1,979,514 4.9 72.2 -8.6
2014 1,998,967 1.0 76.3 4.1
2015 1,682,090 -15.9 69.3 -6.9
2016 1,892,160 12.5 78.6 9.3
2017 2,043,204 8.0 76.4 -2.2
2018 2,600,761 27.3 86.4 9.9
2019 2,551,136 -1.9 72.9 -13.5
2020 2,830,044 10.9 85.3 12.5

(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.

Boiler And Machinery Insurance, 2010-2019

($000)
Year Net premiums written (1) Annual percent change Combined ratio (2) Annual point change (3)
2010 $1,721,764 -4.5% 71.5 -0.2 pts.
2011 1,810,941 5.2 75.0 3.5
2012 1,887,625 4.2 80.8 5.8
2013 1,979,514 4.9 72.2 -8.6
2014 1,998,967 1.0 76.3 4.1
2015 1,682,090 -15.9 69.3 -6.9
2016 1,892,160 12.5 78.6 9.3
2017 2,043,204 8.0 76.4 -2.2
2018 2,600,761 27.3 86.4 9.9
2019 2,551,136 -1.9 72.9 -13.5

(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.

Boiler And Machinery Insurance, 2009-2018

($000)
Year Net premiums written (1) Annual percent change Combined ratio (2) Annual point change (3)
2009 $1,803,376 4.3% 71.7 -16.1 pts.
2010 1,721,764 -4.5 71.5 -0.2
2011 1,810,941 5.2 75.0 3.5
2012 1,887,625 4.2 80.8 5.8
2013 1,979,514 4.9 72.2 -8.6
2014 1,998,967 1.0 76.3 4.1
2015 1,682,090 -15.9 69.3 -6.9
2016 1,892,160 12.5 78.6 9.3
2017 2,043,204 8.0 76.4 -2.2
2018 2,600,761 27.3 86.4 9.9

(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.

Boiler And Machinery Insurance, 2008-2017

($000)
Year Net premiums written (1) Annual percent change Combined ratio (2) Annual point change (3)
2008 $1,728,595 -0.7% 87.7 14.6 pts.
2009 1,803,376 4.3 71.7 -16.1
2010 1,721,764 -4.5 71.5 -0.2
2011 1,810,941 5.2 75.0 3.5
2012 1,887,625 4.2 80.8 5.8
2013 1,979,514 4.9 72.2 -8.6
2014 1,998,967 1.0 76.3 4.1
2015 1,682,090 -15.9 69.3 -6.9
2016 1,892,160 12.5 78.6 9.3
2017 2,043,204 8.0 76.4 -2.2

(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.

Boiler And Machinery Insurance, 2007-2016

($000)
Year Net premiums written (1) Annual percent change Combined ratio (2) Annual point change (3)
2007 $1,741,099 3.9% 73.1 (4)
2008 1,728,595 -0.7 87.7 14.6 pts.
2009 1,803,376 4.3 71.7 -16.1
2010 1,721,764 -4.5 71.5 -0.2
2011 1,810,941 5.2 75.0 3.5
2012 1,887,625 4.2 80.8 5.8
2013 1,979,514 4.9 72.2 -8.6
2014 1,998,967 1.0 76.6 4.4
2015 1,682,090 -15.9 69.3 -7.2
2016 1,892,161 12.5 78.6 9.3

(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 numbers.
(4) Less than 0.1 percentage point.

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

Boiler And Machinery Insurance, 2006-2015

($000)
Year Net premiums written (1) Annual percent change Combined ratio (2) Annual point change (3)
2006 $1,675,347 5.8% 73.1 12.9 pts.
2007 1,741,099 3.9 73.1 (4)
2008 1,728,595 -0.7 87.7 14.6
2009 1,803,376 4.3 71.7 -16.1
2010 1,721,764 -4.5 71.5 -0.2
2011 1,810,941 5.2 75.0 3.5
2012 1,887,625 4.2 80.8 5.8
2013 1,979,514 4.9 72.2 -8.6
2014 1,998,967 1.0 76.6 4.4
2015 1,682,090 -15.9 69.3 -7.2

(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.
(4) Less than 0.1 point.

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

BOILER AND MACHINERY INSURANCE, 2005-2014

($000)
Year Net premiums written (1) Annual percent change Combined ratio (2) Annual point change (3)
2005 $1,582,964 0.7% 60.2 -6.9 pts.
2006 1,675,347 5.8 73.1 12.9
2007 1,741,099 3.9 73.1 (4)
2008 1,728,595 -0.7 87.7 14.6
2009 1,803,376 4.3 71.7 -16.1
2010 1,721,764 -4.5 71.5 -0.2
2011 1,810,941 5.2 75.0 3.5
2012 1,887,625 4.2 80.8 5.8
2013 1,979,514 4.9 72.2 -8.6
2014 1,998,967 1.0 76.6 4.4

(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 numbers.
(4) Less than 0.1 point.

Source: SNL Financial LC.

BOILER AND MACHINERY INSURANCE, 2004-2013

($000)
Year Net premiums written (1) Annual percent change Combined ratio (2) Annual point change (3)
2004 $1,572,195 -1.2% 67.1 -1.3 pts.
2005 1,582,964 0.7 60.2 -6.9
2006 1,675,347 5.8 73.1 12.9
2007 1,741,099 3.9 73.1 (4)
2008 1,728,595 -0.7 87.7 14.6
2009 1,803,376 4.3 71.7 -16.1
2010 1,721,764 -4.5 71.5 -0.2
2011 1,810,941 5.2 75.0 3.5
2012 1,887,625 4.2 80.8 5.8
2013 1,979,514 4.9 72.2 -8.6

(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.
(4) Less than 0.1 point.

Source: SNL Financial LC.

Boiler And Machinery Insurance, 2016-2025

($000)
Year Net premiums
written (1)
Annual percent
change
Combined
ratio (2)
Annual point
change (3)
2016 $1,891,341 12.5% 78.8 8.9 pts.
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 4,556,073 6.5 62.7 -3.5
2025 4,423,639 -2.9 67.6 5.0

(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.