OCEAN MARINE INSURANCE, 2003-2012 |
($000)
|
Year |
Net premiums written (1) |
Annual percent change |
Combined ratio (2) |
Annual point change (3) |
2003 |
$2,588,607 |
3.5% |
103.2 |
0.5 pts. |
2004 |
2,828,685 |
9.3 |
95.5 |
-7.7 |
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 |
2,704,073 |
-2.1 |
109.2 |
8.3 |
(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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