Surety Bonds, 2015-2024
| Year | Net premiums written (1) |
Annual percent change |
Combined ratio (2) |
Annual point change (3) |
|---|---|---|---|---|
| 2015 | $5,139,999 | 2.8% | 73.8 | 4.5 pts. |
| 2016 | 5,138,525 | (4) | 72.4 | -1.4 |
| 2017 | 5,390,869 | 4.9 | 72.4 | (4) |
| 2018 | 6,357,877 | 17.9 | 70.8 | -1.6 |
| 2019 | 6,551,189 | 3.0 | 71.0 | 0.2 |
| 2020 | 6,677,154 | 1.9 | 78.1 | 7.2 |
| 2021 | 7,110,412 | 6.5 | 69.6 | -8.5 |
| 2022 | 8,237,722 | 15.9 | 64.2 | -5.4 |
| 2023 | 9,318,436 | 13.1 | 70.3 | 6.1 |
| 2024 | 10,181,186 | 9.3 | 71.0 | 0.8 |
(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.
(4) Less than 0.1 percent.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.