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Earthquake Insurance, 2014-2023

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Year	Net premiums written (1)	Annual percent change	Combined ratio (2)	Annual point change (3)
2014	$1,641,847	3.5%	34.0	3.7 pts.
2015	1,649,753	0.5	28.1	-5.8
2016	1,535,142	-6.9	34.4	6.2
2017	1,511,543	-1.5	42.3	8.0
2018	1,827,543	20.9	44.3	2.0
2019	1,985,433	8.6	29.0	-15.3
2020	2,386,798	20.2	38.1	9.1
2021	2,941,515	23.2	36.4	-1.7
2022	3,122,861	6.2	30.8	-5.6
2023	3,773,573	20.8	29.8	-1.0

(1) After reinsurance transactions, excludes state funds, such as the California Earthquake Authority, a not-for-profit, privately funded, publicly managed organization that provides coverage in California.
(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: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.

EARTHQUAKE INSURANCE, 1999-2008

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Year	Net premiums written (1)	Annual percent change	Combined ratio (2)	Annual point change (3)
1999	$730,494	NA	64.5	NA
2000	762,443	4.4%	77.7	13.2 pts.
2001	857,562	12.5	108.9	31.2
2002	999,455	16.5	86.6	-22.3
2003	1,048,714	4.9	55.7	-31.0
2004	1,098,441	4.7	48.4	-7.3
2005	1,106,395	0.7	50.7	2.3
2006	1,315,494	18.9	40.1	-10.6
2007	1,261,400	-4.1	29.7	-10.3
2008	1,258,563	-0.2	33.3	3.5

(1) After reinsurance transactions, excluding 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.

NA=Data not available.

Source: National Association of Insurance Commissioners (NAIC) Annual Statement Database, via Highline Data, LLC. Copyrighted information. No portion of this work may be copied or redistributed without the express written permission of Highline Data, LLC.

EARTHQUAKE INSURANCE, 2000-2009

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Year	Net premiums written (1)	Annual percent change	Combined ratio (2)	Annual point change (3)
2000	$746,739	3.1%	75.4	11.0 pts.
2001	846,785	13.4	100.7	25.4
2002	997,147	17.8	67.3	-33.5
2003	1,043,414	4.6	55.7	-11.6
2004	1,095,733	5.0	48.6	-7.1
2005	1,098,776	0.3	50.8	2.1
2006	1,306,553	18.9	35.2	-15.6
2007	1,247,776	-4.5	29.9	-5.3
2008	1,250,258	0.2	33.8	3.9
2009	1,285,813	2.8	32.5	-1.3

(1) After reinsurance transactions, excluding 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.

EARTHQUAKE INSURANCE, 2001-2010

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Year	Net premiums written (1)	Annual percent change	Combined ratio (2)	Annual point change (3)
2001	$846,785	13.4%	100.7	25.4 pts.
2002	997,147	17.8	67.3	-33.5
2003	1,043,414	4.6	55.7	-11.6
2004	1,095,733	5.0	48.6	-7.1
2005	1,098,776	0.3	50.8	2.1
2006	1,306,553	18.9	35.2	-15.6
2007	1,247,776	-4.5	29.9	-5.3
2008	1,250,258	0.2	33.8	3.9
2009	1,285,609	2.8	32.5	-1.3
2010	1,434,872	11.6	45.7	13.2

(1) After reinsurance transactions, excluding 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.

EARTHQUAKE INSURANCE, 2002-2011

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Year	Net premiums written (1)	Annual percent change	Combined ratio (2)	Annual point change (3)
2002	$997,147	17.8%	67.3	-33.5 pts.
2003	1,043,414	4.6	55.7	-11.6
2004	1,095,733	5.0	48.6	-7.1
2005	1,098,776	0.3	50.8	2.1
2006	1,306,553	18.9	35.2	-15.6
2007	1,247,776	-4.5	29.9	-5.3
2008	1,250,258	0.2	33.8	3.9
2009	1,285,609	2.8	32.5	-1.3
2010	1,436,182	11.7	45.7	13.2
2011	1,458,994	1.6	57.0	11.3

(1) After reinsurance transactions, excluding 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.

EARTHQUAKE INSURANCE, 2003-2012

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Year	Net premiums written (1)	Annual percent change	Combined ratio (2)	Annual point change (3)
2003	$1,048,714	5.9%	55.9	-31.0 pts.
2004	1,098,441	4.7	48.6	-7.4
2005	1,106,671	0.7	50.9	2.3
2006	1,315,423	18.9	40.4	-10.5
2007	1,246,538	-5.2	30.0	-10.4
2008	1,259,872	1.1	33.5	3.5
2009	1,288,353	2.3	36.3	2.8
2010	1,443,598	12.0	41.4	5.1
2011	1,467,372	1.6	55.8	14.4
2012	1,565,626	6.7	36.5	-19.3

(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.

EARTHQUAKE INSURANCE, 2004-2013

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Year	Net premiums written (1)	Annual percent change	Combined ratio (2)	Annual point change (3)
2004	$1,098,441	4.7%	48.6	-7.4 pts.
2005	1,106,671	0.7	50.9	2.3
2006	1,315,423	18.9	40.4	-10.5
2007	1,246,538	-5.2	30.0	-10.4
2008	1,259,872	1.1	33.5	3.5
2009	1,288,353	2.3	36.3	2.8
2010	1,443,598	12.0	41.4	5.1
2011	1,467,372	1.6	55.8	14.4
2012	1,593,451	8.6	36.3	-19.5
2013	1,586,985	-0.4	30.3	-6.0

(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.

EARTHQUAKE INSURANCE, 2005-2014

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Year	Net premiums written (1)	Annual percent change	Combined ratio (2)	Annual point change (3)
2005	$1,106,671	0.7%	50.9	2.3 pts.
2006	1,315,423	18.9	40.4	-10.5
2007	1,246,538	-5.2	30.0	-10.4
2008	1,259,872	1.1	33.5	3.5
2009	1,288,353	2.3	36.3	2.8
2010	1,443,598	12.0	41.4	5.1
2011	1,467,372	1.6	55.8	14.4
2012	1,593,451	8.6	36.3	-19.5
2013	1,586,985	-0.4	30.3	-6.0
2014	1,641,847	3.5	34.1	3.8

(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 numbers.

Source: SNL Financial LC.

Earthquake Insurance, 2006-2015

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Year	Net premiums written (1)	Annual percent change	Combined ratio (2)	Annual point change (3)
2006	$1,315,423	18.9%	40.4	-10.5 pts.
2007	1,246,538	-5.2	30.0	-10.4
2008	1,259,872	1.1	33.5	3.5
2009	1,288,353	2.3	36.3	2.8
2010	1,443,598	12.0	41.4	5.1
2011	1,467,372	1.6	55.8	14.4
2012	1,593,451	8.6	36.3	-19.5
2013	1,586,985	-0.4	30.3	-6.0
2014	1,641,847	3.5	34.1	3.8
2015	1,650,225	0.5	28.1	-6.0

(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.

Earthquake Insurance, 2007-2016

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Year	Net premiums written (1)	Annual percent change	Combined ratio (2)	Annual point change (3)
2007	$1,246,538	-5.2%	30.0	-10.4 pts.
2008	1,259,872	1.1	33.5	3.5
2009	1,288,353	2.3	36.3	2.8
2010	1,443,598	12.0	41.4	5.1
2011	1,467,372	1.6	55.8	14.4
2012	1,593,451	8.6	36.3	-19.5
2013	1,586,985	-0.4	30.3	-6.0
2014	1,641,847	3.5	34.1	3.8
2015	1,649,753	0.5	28.1	-6.0
2016	1,533,890	-7.0	34.3	6.2

(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.

Earthquake Insurance, 2008-2017

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Year	Net premiums written (1)	Annual percent change	Combined ratio (2)	Annual point change (3)
2008	$1,259,872	1.1%	33.5	3.5 pts.
2009	1,288,353	2.3	36.3	2.8
2010	1,443,598	12.0	41.4	5.1
2011	1,467,372	1.6	55.8	14.4
2012	1,593,451	8.6	36.3	-19.5
2013	1,586,985	-0.4	30.3	-6.0
2014	1,641,847	3.5	34.0	3.7
2015	1,649,753	0.5	28.1	-5.8
2016	1,535,142	-6.9	34.4	6.2
2017	1,511,543	-1.5	42.3	8.0

(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.

Earthquake Insurance, 2009-2018

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Year	Net premiums written (1)	Annual percent change	Combined ratio (2)	Annual point change (3)
2009	$1,288,353	2.3%	36.3	2.8 pts.
2010	1,443,598	12.0	41.4	5.1
2011	1,467,372	1.6	55.8	14.4
2012	1,593,451	8.6	36.3	-19.5
2013	1,586,985	-0.4	30.3	-6.0
2014	1,641,847	3.5	34.0	3.7
2015	1,649,753	0.5	28.1	-5.8
2016	1,535,142	-6.9	34.4	6.2
2017	1,511,543	-1.5	42.3	8.0
2018	1,827,535	20.9	44.4	2.0

(1) After reinsurance transactions, excludes state funds, such as the California Earthquake Authority (CEA), a not-for-profit, privately funded, publicly managed organization that provides coverage in California.
(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.

Earthquake Insurance, 2010-2019

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Year	Net premiums written (1)	Annual percent change	Combined ratio (2)	Annual point change (3)
2010	$1,443,598	12.0%	41.4	5.1 pts.
2011	1,467,372	1.6	55.8	14.4
2012	1,593,451	8.6	36.3	-19.5
2013	1,586,985	-0.4	30.3	-6.0
2014	1,641,847	3.5	34.0	3.7
2015	1,649,753	0.5	28.1	-5.8
2016	1,535,142	-6.9	34.4	6.2
2017	1,511,543	-1.5	42.3	8.0
2018	1,827,543	20.9	44.3	2.0
2019	1,982,730	8.5	29.0	-15.4

(1) After reinsurance transactions, excludes state funds, such as the California Earthquake Authority, a not-for-profit, privately funded, publicly managed organization that provides coverage in California.
(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.

Earthquake Insurance, 2011-2020

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Year	Net premiums written (1)	Annual percent change	Combined ratio (2)	Annual point change (3)
2011	$1,467,372	1.6%	55.8	14.4 pts.
2012	1,593,451	8.6	36.3	-19.5
2013	1,586,985	-0.4	30.3	-6.0
2014	1,641,847	3.5	34.0	3.7
2015	1,649,753	0.5	28.1	-5.8
2016	1,535,142	-6.9	34.4	6.2
2017	1,511,543	-1.5	42.3	8.0
2018	1,827,543	20.9	44.3	2.0
2019	1,985,751	8.7	29.0	-15.3
2020	2,386,557	20.2	38.1	9.1

(1) After reinsurance transactions, excludes state funds, such as the California Earthquake Authority, a not-for-profit, privately funded, publicly managed organization that provides coverage in California.
(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.

Earthquake Insurance, 2012-2021

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Year	Net premiums written (1)	Annual percent change	Combined ratio (2)	Annual point change (3)
2012	$1,593,451	8.6%	36.3	-19.5 pts.
2013	1,586,985	-0.4	30.3	-6.0
2014	1,641,847	3.5	34.0	3.7
2015	1,649,753	0.5	28.1	-5.8
2016	1,535,142	-6.9	34.4	6.2
2017	1,511,543	-1.5	42.3	8.0
2018	1,827,543	20.9	44.3	2.0
2019	1,985,433	8.6	29.0	-15.3
2020	2,386,798	20.2	38.1	9.1
2021	2,824,051	18.3	36.1	-2.0

(1) After reinsurance transactions, excludes state funds, such as the California Earthquake Authority, a not-for-profit, privately funded, publicly managed organization that provides coverage in California.
(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.

Earthquake Insurance, 2013-2022

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Year	Net premiums written (1)	Annual percent change	Combined ratio (2)	Annual point change (3)
2013	$1,586,985	-0.4%	30.3	-6.0 pts.
2014	1,641,847	3.5	34.0	3.7
2015	1,649,753	0.5	28.1	-5.8
2016	1,535,142	-6.9	34.4	6.2
2017	1,511,543	-1.5	42.3	8.0
2018	1,827,543	20.9	44.3	2.0
2019	1,985,433	8.6	29.0	-15.3
2020	2,386,798	20.2	38.1	9.1
2021	2,941,515	23.2	36.4	-1.7
2022	3,100,930	5.4	30.5	-5.9

(1) After reinsurance transactions, excludes state funds, such as the California Earthquake Authority, a not-for-profit, privately funded, publicly managed organization that provides coverage in California.
(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.