Net Premiums Written And Combined Ratio, Property/Casualty Insurance, 2011-2020

($ billions)

Year Net premiums written (1) Annual percent change Combined ratio after dividends (2) Annual point change (3) Year Net premiums written (1) Annual percent change Combined ratio after dividends (2) Annual point change (3)
2011 $441.6 3.7% 108.3 5.8 pts. 2016 $533.8 2.6% 100.8 2.8 pts.
2012 460.7 4.3 103.2 -5.2 2017 558.3 4.6 103.8 3.0
2013 481.5 4.5 96.4 -6.8 2018 618.1 10.7 99.3 -4.5
2014 502.8 4.4 97.2 0.8 2019 640.1 3.5 98.9 -0.3
2015 520.1 3.4 97.9 0.8 2020 655.5 2.4 98.8 -0.2
(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. Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.