FARMOWNERS MULTIPLE PERIL INSURANCE, 2003-2012

($000)

Year Net premiums written (1) Annual percent change Combined ratio (2) Annual point change (3)
2003 $2,000,223 12.4% 99.5 -7.4 pts.
2004 2,118,097 5.9 92.1 -7.4
2005 2,258,489 6.6 95.2 3.1
2006 2,300,728 1.9 123.2 28.0
2007 2,413,562 4.9 98.1 -25.0
2008 2,586,861 7.2 119.5 21.3
2009 2,612,262 1.0 107.9 -11.6
2010 2,754,955 5.5 108.2 0.3
2011 2,932,576 6.4 117.4 9.2
2012 3,209,175 9.4 99.6 -17.9
(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.