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Ocean Marine Insurance, 2015-2024

($000)
Year Net premiums
written (1)		 Annual percent
change		 Combined
ratio (2)		 Annual point
change (3)
2015 $2,829,755 -2.8% 94.7 3.4 pts.
2016 2,549,086 -9.9 95.8 1.1
2017 2,370,156 -7.0 110.5 14.7
2018 2,885,108 21.7 100.2 -10.3
2019 3,181,837 10.3 105.3 5.1
2020 3,441,080 8.1 97.6 -7.6
2021 3,900,882 13.4 100.7 3.1
2022 4,129,969 5.9 87.3 -13.4
2023 4,653,760 12.7 81.4 -5.8
2024 4,726,136 1.6 94.1 12.7

(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.

Ocean Marine Insurance, 2014-2023

($000)
Year Net premiums
written (1)		 Annual percent
change		 Combined
ratio (2)		 Annual point
change (3)
2014 $2,910,377 1.6% 91.2 -7.0 pts.
2015 2,831,564 -2.7 94.3 3.1
2016 2,549,417 -10.0 97.0 2.7
2017 2,370,488 -7.0 110.3 13.2
2018 2,885,727 21.7 100.6 -9.6
2019 3,182,069 10.3 105.3 4.6
2020 3,441,635 8.2 97.9 -7.3
2021 3,902,359 13.4 101.0 3.1
2022 4,130,075 5.8 87.4 -13.6
2023 4,655,073 12.7 81.4 -6.0

(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.

Ocean Marine Insurance, 2013-2022

($000)
Year Net premiums
written (1)		 Annual percent
change		 Combined
ratio (2)		 Annual point
change (3)
2013 $2,863,507 5.9% 98.1 -11.0 pts.
2014 2,910,377 1.6 91.2 -7.0
2015 2,831,564 -2.7 94.3 3.1
2016 2,549,417 -10.0 97.0 2.7
2017 2,370,488 -7.0 110.3 13.2
2018 2,885,727 21.7 100.6 -9.6
2019 3,182,069 10.3 105.3 4.6
2020 3,441,635 8.2 97.9 -7.3
2021 3,900,461 13.3 101.0 3.1
2022 4,127,654 5.8 87.4 -13.7

(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.

Ocean Marine Insurance, 2012-2021

($000)
Year Net premiums
written (1)		 Annual percent
change		 Combined
ratio (2)		 Annual point
change (3)
2012 $2,704,665 -2.0% 109.1 8.2 pts.
2013 2,863,507 5.9 98.1 -11.0
2014 2,910,377 1.6 91.2 -7.0
2015 2,831,564 -2.7 94.3 3.1
2016 2,549,417 -10.0 97.0 2.7
2017 2,370,488 -7.0 110.3 13.2
2018 2,885,727 21.7 100.6 -9.6
2019 3,182,069 10.3 105.3 4.6
2020 3,441,635 8.2 97.9 -7.3
2021 3,771,690 9.6 101.1 3.2

(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.

Ocean Marine Insurance, 2011-2020

($000)
Year Net premiums
written (1)		 Annual percent
change		 Combined
ratio (2)		 Annual point
change (3)
2011 $2,760,853 0.7% 100.9 4.8 pts.
2012 2,704,665 -2.0 109.1 8.2
2013 2,863,507 5.9 98.1 -11.0
2014 2,910,377 1.6 91.2 -7.0
2015 2,831,564 -2.7 94.3 3.1
2016 2,549,417 -10.0 97.0 2.7
2017 2,370,488 -7.0 110.3 13.2
2018 2,885,727 21.7 100.6 -9.6
2019 3,182,069 10.3 105.3 4.6
2020 3,441,635 8.2 97.9 -7.3

(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.

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

Ocean Marine Insurance, 2010-2019

($000)
Year Net premiums written (1) Annual percent change Combined ratio (2) Annual point change (3)
2010 $2,740,956 -6.8% 96.1 4.3 pts.
2011 2,760,853 0.7 100.9 4.8
2012 2,704,665 -2.0 109.1 8.2
2013 2,863,507 5.9 98.1 -11.0
2014 2,910,377 1.6 91.2 -7.0
2015 2,831,564 -2.7 94.3 3.1
2016 2,549,417 -10.0 97.0 2.7
2017 2,370,488 -7.0 110.3 13.2
2018 2,885,727 21.7 100.6 -9.6
2019 3,182,135 10.3 105.3 4.6

(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 numbers.

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

Ocean Marine Insurance, 2009-2018

($000)
Year Net premiums written (1) Annual percent change Combined ratio (2) Annual point change (3)
2009 $2,941,486 -5.1% 91.8 -11.3 pts.
2010 2,740,956 -6.8 96.1 4.3
2011 2,760,853 0.7 100.9 4.8
2012 2,704,665 -2.0 109.1 8.2
2013 2,863,507 5.9 98.1 -11.0
2014 2,910,377 1.6 91.2 -7.0
2015 2,831,564 -2.7 94.3 3.1
2016 2,549,417 -10.0 97.0 2.7
2017 2,370,488 -7.0 110.3 13.2
2018 2,885,727 21.7 100.6 -9.6

(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 numbers.

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

Ocean Marine Insurance, 2008-2017

($000)
Year Net premiums written (1) Annual percent change Combined ratio (2) Annual point change (3)
2008 $3,098,438 -5.0% 103.2 -10.5 pts.
2009 2,941,486 -5.1 91.8 -11.3
2010 2,740,956 -6.8 96.1 4.3
2011 2,760,853 0.7 100.9 4.8
2012 2,704,665 -2.0 109.1 8.2
2013 2,863,507 5.9 98.1 -11.0
2014 2,910,377 1.6 91.2 -7.0
2015 2,831,564 -2.7 94.3 3.1
2016 2,549,417 -10.0 97.0 2.7
2017 2,370,488 -7.0 110.3 13.2

(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.

Ocean Marine Insurance, 2007-2016

($000)
Year Net premiums written (1) Annual percent change Combined ratio (2) Annual point change (3)
2007 $3,261,490 4.1% 113.6 16.3 pts.
2008 3,098,438 -5.0 103.2 -10.5
2009 2,941,486 -5.1 91.8 -11.3
2010 2,740,956 -6.8 96.1 4.3
2011 2,760,853 0.7 100.9 4.8
2012 2,704,665 -2.0 109.1 8.2
2013 2,863,507 5.9 98.1 -11.0
2014 2,910,377 1.6 88.2 -9.9
2015 2,831,564 -2.7 94.3 6.1
2016 2,549,609 -10.0 97.0 2.7

(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.

Ocean Marine Insurance, 2006-2015

($000)
Year Net premiums written (1) Annual percent change Combined ratio (2) Annual point change (3)
2006 $3,133,674 6.3% 97.3 -17.2 pts.
2007 3,261,490 4.1 113.6 16.3
2008 3,098,438 -5.0 103.2 -10.5
2009 2,941,486 -5.1 91.8 -11.3
2010 2,740,956 -6.8 96.1 4.3
2011 2,760,853 0.7 100.9 4.8
2012 2,704,665 -2.0 109.1 8.2
2013 2,863,507 5.9 98.1 -11.0
2014 2,910,377 1.6 88.2 -9.9
2015 2,831,564 -2.7 94.3 6.1

(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.

OCEAN MARINE INSURANCE, 2005-2014

($000)
Year Net premiums written (1) Annual percent change Combined ratio (2) Annual point change (3)
2005 $2,948,604 4.2% 114.5 19.0 pts.
2006 3,133,674 6.3 97.3 -17.2
2007 3,261,490 4.1 113.6 16.3
2008 3,098,438 -5.0 103.2 -10.5
2009 2,941,486 -5.1 91.8 -11.3
2010 2,740,956 -6.8 96.1 4.3
2011 2,760,853 0.7 100.9 4.8
2012 2,704,665 -2.0 109.1 8.2
2013 2,863,507 5.9 98.1 -11.0
2014 2,910,377 1.6 88.1 -10.0

(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 data.

Source: SNL Financial LC.

OCEAN MARINE INSURANCE, 2004-2013

($000)
Year Net premiums written (1) Annual percent change Combined ratio (2) Annual point change (3)
2004 $2,828,685 9.3% 95.5 -7.7 pts.
2005 2,948,604 4.2 114.5 19.0
2006 3,133,674 6.3 97.3 -17.2
2007 3,261,490 4.1 113.6 16.3
2008 3,098,438 -5.0 103.2 -10.5
2009 2,941,486 -5.1 91.8 -11.3
2010 2,740,956 -6.8 96.1 4.3
2011 2,760,853 0.7 100.9 4.8
2012 2,704,665 -2.0 109.1 8.2
2013 2,863,507 5.9 98.1 -11.0

(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 data.

Source: SNL Financial LC.

Ocean Marine Insurance, 2016-2025

($000)
Year Net premiums
written (1)		 Annual percent
change		 Combined
ratio (2)		 Annual point
change (3)
2016 $2,549,086 -9.9% 95.8 1.1 pts.
2017 2,370,156 -7.0 110.5 14.7
2018 2,885,108 21.7 100.2 -10.3
2019 3,181,837 10.3 105.3 5.1
2020 3,441,080 8.1 97.6 -7.6
2021 3,900,882 13.4 100.7 3.1
2022 4,129,969 5.9 87.3 -13.4
2023 4,653,760 12.7 81.4 -5.8
2024 4,726,140 1.6 94.1 12.7
2025 4,568,066 -3.3 92.0 -2.1

(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.