Commercial Multiple Peril Insurance, 2015-2024
($000)
| Total | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Year | Net premiums written (1) |
Annual percent change |
Year | Net premiums written (1) |
Annual percent change |
||||
| 2015 | $34,659,179 | 1.2% | 2020 | $40,915,029 | 5.6% | ||||
| 2016 | 34,035,048 | -1.8 | 2021 | 43,743,627 | 6.9 | ||||
| 2017 | 34,133,989 | 0.3 | 2022 | 48,416,980 | 10.7 | ||||
| 2018 | 37,487,056 | 9.8 | 2023 | 54,608,768 | 13.0 | ||||
| 2019 | 38,874,249 | 3.7 | 2024 | 58,279,674 | 6.8 | ||||
| Nonliability portion | |||||||||
| Year | Net premiums written (1) |
Annual percent change |
Combined ratio (2) |
Annual point change (3) |
Year | Net premiums written (1) |
Annual percent change |
Combined ratio (2) |
Annual point change (3) |
| 2015 | $21,401,338 | -2.0% | 91.9 | -5.3 pts. | 2020 | $25,589,527 | 9.9% | 112.2 | 9.2 pts. |
| 2016 | 20,762,324 | -3.0 | 98.3 | 6.4 | 2021 | 27,297,914 | 6.7 | 109.2 | -3.0 |
| 2017 | 20,619,726 | -0.7 | 111.9 | 13.7 | 2022 | 30,354,005 | 11.2 | 103.7 | -5.6 |
| 2018 | 22,500,592 | 9.1 | 108.4 | -3.5 | 2023 | 35,298,186 | 16.3 | 105.4 | 1.7 |
| 2019 | 23,281,516 | 3.5 | 103 | -5.4 | 2024 | 38,276,901 | 8.4 | 91.6 | -13.8 |
| Liability portion | |||||||||
| Year | Net premiums written (1) |
Annual percent change |
Combined ratio (2) |
Annual point change (3) |
Year | Net premiums written (1) |
Annual percent change |
Combined ratio (2) |
Annual point change (3) |
| 2015 | $13,257,841 | 6.4% | 99.3 | -4.2 pts. | 2020 | $15,325,502 | -1.7% | 105.8 | -2.4 pts. |
| 2016 | 13,272,724 | 0.1 | 105.6 | 6.4 | 2021 | 16,445,713 | 7.3 | 101.1 | -4.7 |
| 2017 | 13,514,263 | 1.8 | 101.7 | -4.0 | 2022 | 18,062,975 | 9.8 | 109.0 | 7.8 |
| 2018 | 14,986,464 | 10.9 | 103.6 | 2.0 | 2023 | 19,310,582 | 6.9 | 110.1 | 1.1 |
| 2019 | 15,592,733 | 4.0 | 108.2 | 4.6 | 2024 | 20,002,773 | 3.6 | 114.9 | 4.8 |
(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.