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.