Multiple Peril Crop Insurance, 2011-2020 (1)

($000)

Year Net premiums written (2) Annual percent change Combined ratio (3) Annual point change (4)
2011 $5,456,991 55.8% 90.6 16.8 pts.
2012 5,321,811 -2.5 104.0 13.3
2013 4,942,547 -7.1 103.3 -0.7
2014 4,189,765 -15.2 104.9 1.6
2015 3,680,768 -12.1 99.9 -5.1
2016 3,321,281 -9.8 81.7 -18.2
2017 4,742,005 42.8 95.8 14.1
2018 5,380,068 13.5 85.0 -10.8
2019 6,478,428 20.4 108.7 23.6
2020 6,128,159 -5.4 100.5 -8.2
(1) Includes private crop insurance in 2012 and 2013. (2) After reinsurance transactions, excludes state funds. (3) After dividends to policyholders. A drop in the combined ratio represents an improvement; an increase represents a deterioration. (4) Calculated from unrounded numbers. Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.