Current Table

Estimated Asbestos Losses, 2009-2018 (1)

($ billions)

    Losses  
Year Beginning reserve Incurred (2) Paid Ending reserve (3)
2009 $20.6 $1.9 $2.0 $20.4
2010 20.5 2.4 2.3 20.6
2011 20.6 1.8 1.8 20.6
2012 20.4 1.9 2.0 20.3
2013 20.4 2.0 2.1 20.3
2014 20.3 1.5 2.4 19.4
2015 19.4 1.7 2.8 18.3
2016 18.6 1.5 3.0 17.1
2017 16.9 1.7 1.8 16.8
2018 16.8 0.8 1.9 15.7

(1) All amounts are net of reinsurance recoveries.
(2) Incurred losses are losses related to events that have occurred, regardless of whether or not the claims have been paid, net of reinsurance. Includes loss adjustment expenses.
(3) Because of changes in the population of insurers reporting data each year, the beginning reserve may not equal the ending reserve of the prior year.

Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.

 
ESTIMATED ASBESTOS LOSSES, 2000-2008

($ billions)

    Losses  
Year Beginning reserve Incurred (1) Paid Ending reserve (2)
2000 $10.7 $1.5 $1.4 $10.9
2001 10.9 3.8 1.6 13.0
2002 12.7 7.6 2.0 18.3
2003 18.1 6.5 2.2 22.4
2004 22.4 4.3 3.3 23.4
2005 23.4 3.6 2.3 24.8
2006 24.8 1.6 2.6 23.8
2007 23.8 2.5 2.6 23.7
2008 23.7 1.1 3.0 21.8

(1) Incurred losses are losses related to events that have occurred,regardless of whether or not the claims have been paid.
(2) Because of changes in the population of insurers reporting data each year, the beginning reserve may not equal the ending reserve of the prior year.

Source: ISO.

 
ESTIMATED ASBESTOS LOSSES, 2000-2009

($ billions)

    Losses   
Year Beginning reserve Incurred (1) Paid Ending reserve (2)
2000 $10.7 $1.5 $1.4 $10.9
2001 10.8 3.8 1.6 13.0
2002 12.7 7.6 2.0 18.3
2003 18.1 6.5 2.2 22.4
2004 22.4 4.3 3.3 23.4
2005 23.4 3.6 2.3 24.8
2006 24.8 1.6 2.6 23.8
2007 23.8 2.5 2.6 23.7
2008 23.7 1.1 3.0 21.8
2009 21.8 2.0 2.2 21.5

(1) Incurred losses are losses related to events that have occurred, regardless of whether or not the claims have been paid. Includes loss adjustment expenses.
(2) Because of changes in the population of insurers reporting data each year, the beginning reserve may not equal the ending reserve of the prior year.

Source: ISO.

 
ESTIMATED ASBESTOS LOSSES, 2001-2010

($ billions)

    Losses   
Year Beginning reserve Incurred (1) Paid Ending reserve (2)
2001 $11.0 $3.8 $1.6 $13.2
2002 12.9 7.6 2.0 18.4
2003 18.2 6.5 2.2 22.5
2004 22.5 4.3 3.3 23.6
2005 23.6 3.6 2.3 24.9
2006 24.9 1.6 2.6 23.9
2007 23.9 2.5 2.6 23.8
2008 23.8 1.1 3.1 21.9
2009 21.9 2.0 2.2 21.6
2010 21.6 2.5 2.4 21.6

(1) Incurred losses are losses related to events that have occurred, regardless of whether or not the claims have been paid. Includes loss adjustment expenses.
(2) Because of changes in the population of insurers reporting data each year, the beginning reserve may not equal the ending reserve of the prior year.

Source: ISO, a Verisk Analytics company.

 
ESTIMATED ASBESTOS LOSSES, 2002-2011

($ billions)

    Losses   
Year Beginning reserve Incurred (1) Paid Ending reserve (2)
2002 $12.9 $7.6 $2.0 $18.5
2003 18.3 6.5 2.2 22.5
2004 22.5 4.3 3.3 23.6
2005 23.6 3.6 2.3 24.9
2006 24.9 1.6 2.6 23.9
2007 23.9 2.5 2.6 23.8
2008 23.8 1.1 3.8 21.1
2009 21.1 2.0 2.1 21.0
2010 21.0 2.4 2.3 21.1
2011 21.1 1.8 1.7 21.2

(1) Incurred losses are losses related to events that have occurred, regardless of whether or not the claims have been paid. Includes loss adjustment expenses.
(2) Because of changes in the population of insurers reporting data each year, the beginning reserve may not equal the ending reserve of the prior year.

Source: ISO, a Verisk Analytics Company.

 
ESTIMATED ASBESTOS LOSSES, 2004-2013 (1)

($ billions)

    Losses  
Year Beginning reserve  Incurred (2) Paid Ending reserve (3)
2004 $22.4 $3.6 $2.9 $24.0
2005 24.0 3.8 2.4 26.6
2006 25.2 1.7 2.6 24.1
2007 23.2 2.5 2.5 23.5
2008 23.5 1.1 3.7 20.5
2009 20.6 1.9 2.0 20.4
2010 20.5 2.4 2.3 20.6
2011 20.6 1.8 1.8 20.6
2012 20.4 1.9 2.0 20.3
2013 20.4 2.0 2.1 20.3

(1) All amounts are net of reinsurance recoveries.
(2) Incurred losses are losses related to events that have occurred, regardless of whether or not the claims have been paid, net of reinsurance. Includes loss adjustment expenses.
(3) Because of changes in the population of insurers reporting data each year, the beginning reserve may not equal the ending reserve of the prior year.

Source: SNL Financial LC.

 
ESTIMATED ASBESTOS LOSSES, 2005-2014 (1)

($ billions)

    Losses  
Year Beginning reserve Incurred (2) Paid Ending reserve (3)
2005 $24.0 $3.8 $2.4 $25.4
2006 25.2 1.7 2.6 24.1
2007 23.2 2.5 2.5 23.5
2008 23.5 1.1 3.7 20.5
2009 20.6 1.9 2.0 20.4
2010 20.5 2.4 2.3 20.6
2011 20.6 1.8 1.8 20.6
2012 20.4 1.9 2.0 20.3
2013 20.4 2.0 2.1 20.3
2014 20.3 1.5 2.4 19.4

(1) All amounts are net of reinsurance recoveries.
(2) Incurred losses are losses related to events that have occurred, regardless of whether or not the claims have been paid, net of reinsurance. Includes loss adjustment expenses.
(3) Because of changes in the population of insurers reporting data each year, the beginning reserve may not equal the ending reserve of the prior year.

Source: SNL Financial LC.

 
Estimated Asbestos Losses, 2006-2015 (1)

($ billions)

    Losses  
Year Beginning reserve Incurred (2) Paid Ending reserve (3)
2006 $25.2 $1.7 $2.6 $24.1
2007 23.2 2.5 2.5 23.5
2008 23.5 1.1 3.7 20.5
2009 20.6 1.9 2.0 20.4
2010 20.5 2.4 2.3 20.6
2011 20.6 1.8 1.8 20.6
2012 20.4 1.9 2.0 20.3
2013 20.4 2.0 2.1 20.3
2014 20.3 1.5 2.4 19.4
2015 19.4 1.7 2.8 18.3

(1) All amounts are net of reinsurance recoveries.
(2) Incurred losses are losses related to events that have occurred, regardless of whether or not the claims have been paid, net of reinsurance. Includes loss adjustment expenses.
(3) Because of changes in the population of insurers reporting data each year, the beginning reserve may not equal the ending reserve of the prior year.

Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.

 
Estimated Asbestos Losses, 2007-2016 (1)

($ billions)

    Losses  
Year Beginning reserve Incurred (2) Paid Ending reserve (3)
2007 $23.2 $2.5 $2.5 $23.5
2008 23.5 1.1 3.7 20.5
2009 20.6 1.9 2.0 20.4
2010 20.5 2.4 2.3 20.6
2011 20.6 1.8 1.8 20.6
2012 20.4 1.9 2.0 20.3
2013 20.4 2.0 2.1 20.3
2014 20.3 1.5 2.4 19.4
2015 19.4 1.7 2.8 18.3
2016 18.6 1.5 3.0 17.1

(1) All amounts are net of reinsurance recoveries.
(2) Incurred losses are losses related to events that have occurred, regardless of whether or not the claims have been paid, net of reinsurance. Includes loss adjustment expenses.
(3) Because of changes in the population of insurers reporting data each year, the beginning reserve may not equal the ending reserve of the prior year.

Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.

 
Estimated Asbestos Losses, 2008-2017 (1)

($ billions)

    Losses  
Year Beginning reserve Incurred (2) Paid Ending reserve (3)
2008 $23.5 $1.1 $3.7 $20.5
2009 20.6 1.9 2.0 20.4
2010 20.5 2.4 2.3 20.6
2011 20.6 1.8 1.8 20.6
2012 20.4 1.9 2.0 20.3
2013 20.4 2.0 2.1 20.3
2014 20.3 1.5 2.4 19.4
2015 19.4 1.7 2.8 18.3
2016 18.6 1.5 3.0 17.1
2017 16.9 1.7 1.8 16.8

(1) All amounts are net of reinsurance recoveries.
(2) Incurred losses are losses related to events that have occurred, regardless of whether or not the claims have been paid, net of reinsurance. Includes loss adjustment expenses.
(3) Because of changes in the population of insurers reporting data each year, the beginning reserve may not equal the ending reserve of the prior year.

Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.