EARTHQUAKE INSURANCE, 2003-2012 |
($000)
|
Year |
Net premiums written (1) |
Annual percent change |
Combined ratio (2) |
Annual point change (3) |
2003 |
$1,048,714 |
5.9% |
55.9 |
-31.0 pts. |
2004 |
1,098,441 |
4.7 |
48.6 |
-7.4 |
2005 |
1,106,671 |
0.7 |
50.9 |
2.3 |
2006 |
1,315,423 |
18.9 |
40.4 |
-10.5 |
2007 |
1,246,538 |
-5.2 |
30.0 |
-10.4 |
2008 |
1,259,872 |
1.1 |
33.5 |
3.5 |
2009 |
1,288,353 |
2.3 |
36.3 |
2.8 |
2010 |
1,443,598 |
12.0 |
41.4 |
5.1 |
2011 |
1,467,372 |
1.6 |
55.8 |
14.4 |
2012 |
1,565,626 |
6.7 |
36.5 |
-19.3 |
(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 data.
Source: SNL Financial LC. |
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