Surety Bonds, 2013-2022
| Year | Net premiums written (1) |
Annual percent change |
Combined ratio (2) |
Annual point change (3) |
|---|---|---|---|---|
| 2013 | $4,868,847 | 3.7% | 72.7 | -4.0 pts. |
| 2014 | 5,000,382 | 2.7% | 69.5 | -3.3 |
| 2015 | 5,139,873 | 2.8% | 73.8 | 4.3 |
| 2016 | 5,138,543 | 0.0% | 72.0 | -1.8 |
| 2017 | 5,390,826 | 4.9% | 72.3 | 0.3 |
| 2018 | 6,357,877 | 17.9% | 70.3 | -2.0 |
| 2019 | 6,556,404 | 3.1% | 71.0 | 0.7 |
| 2020 | 6,691,226 | 2.1% | 78.1 | 7.1 |
| 2021 | 7,131,689 | 6.6% | 69.5 | -8.6 |
| 2022 | 8,219,191 | 15.2% | 64.3 | -5.2 |
(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 numbers.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.