Tables

Table Archive

10 tables in this archive

Archived Tables

Product Liability Insurance, 2013-2022

($000)

Year	Net premiums written (1)	Annual percent change	Combined ratio (2)	Annual point change (3)
2013	$2,718,879	5.6%	155.3	52.6 pts.
2014	2,674,183	-1.6	134.4	-20.9
2015	2,796,761	4.6	130.6	-3.7
2016	2,422,721	-13.4	124.1	-6.5
2017	2,689,115	11.0	102.1	-22.0
2018	2,794,716	3.9	122.3	20.2
2019	3,017,099	8.0	108.5	-13.8
2020	3,239,063	7.3	88.2	-20.3
2021	3,561,020	9.9	100.5	12.2
2022	4,293,616	20.6	89.5	-11.0

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

Product Liability Insurance, 2012-2021

($000)

Year	Net premiums written (1)	Annual percent change	Combined ratio (2)	Annual point change (3)
2012	$2,575,225	11.0%	102.7	-57.3 pts.
2013	2,718,879	5.6	155.3	52.6
2014	2,674,183	-1.6	134.4	-20.9
2015	2,796,761	4.6	130.6	-3.7
2016	2,422,721	-13.4	124.1	-6.5
2017	2,689,115	11.0	102.1	-22.0
2018	2,794,716	3.9	122.3	20.2
2019	3,017,099	8.0	108.5	-13.8
2020	3,239,063	7.3	88.2	-20.3
2021	3,353,494	3.5	101.1	12.8

(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.

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

Product Liability Insurance, 2011-2020

($000)

Year	Net premiums written (1)	Annual percent change	Combined ratio (2)	Annual point change (3)
2011	$2,320,540	13.2%	160.0	2.9 pts.
2012	2,575,225	11.0	102.7	-57.3
2013	2,718,879	5.6	155.3	52.6
2014	2,674,183	-1.6	134.4	-20.9
2015	2,796,761	4.6	130.6	-3.7
2016	2,422,721	-13.4	124.1	-6.5
2017	2,689,115	11.0	102.1	-22.0
2018	2,794,716	3.9	122.3	20.2
2019	3,019,134	8.0	107.6	-14.7
2020	3,239,063	7.3	88.2	-19.4

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

Product Liability Insurance, 2010-2019

($000)

Year	Net premiums written (1)	Annual percent change	Combined ratio (2)	Annual point change (3)
2010	$2,050,619	-13.3%	157.1	33.1 pts.
2011	2,320,540	13.2	160.0	2.9
2012	2,575,225	11.0	102.7	-57.3
2013	2,718,879	5.6	155.3	52.6
2014	2,674,183	-1.6	134.4	-20.9
2015	2,796,761	4.6	130.6	-3.7
2016	2,422,721	-13.4	124.1	-6.5
2017	2,689,115	11.0	102.1	-22.0
2018	2,794,716	3.9	122.3	20.2
2019	3,018,938	8.0	107.6	-14.7

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

Products Liability Insurance, 2009-2018

($000)

Year	Net premiums written (1)	Annual percent change	Combined ratio (2)	Annual point change (3)
2009	$2,365,681	-14.8%	124.0	(4)
2010	2,050,619	-13.3	157.1	33.1 pts.
2011	2,320,540	13.2	160.0	2.9
2012	2,575,225	11.0	102.7	-57.3
2013	2,718,879	5.6	155.3	52.6
2014	2,674,183	-1.6	134.4	-20.9
2015	2,796,761	4.6	130.6	-3.7
2016	2,422,721	-13.4	124.1	-6.5
2017	2,689,115	11.0	102.1	-22.0
2018	2,790,125	3.8	122.4	20.3

(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.
(4) Less than 0.1 point.

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

Product Liability Insurance, 2008-2017

($000)

Year	Net premiums written (1)	Annual percent change	Combined ratio (2)	Annual point change (3)
2008	$2,777,587	-14.9%	124.0	24.2 pts.
2009	2,365,681	-14.8	124.0	(4)
2010	2,050,619	-13.3	157.1	33.1
2011	2,320,540	13.2	160.0	2.9
2012	2,575,225	11.0	102.7	-57.3
2013	2,718,879	5.6	155.3	52.6
2014	2,674,183	-1.6	134.4	-20.9
2015	2,796,761	4.6	130.6	-3.7
2016	2,422,721	-13.4	124.1	-6.5
2017	2,689,115	11.0	102.1	-22.0

(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.
(4) Less than 0.1 point.

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

Product Liability Insurance, 2007-2016

($000)

Year	Net premiums written (1)	Annual percent change	Combined ratio (2)	Annual point change (3)
2007	$3,265,035	-9.8%	99.8	22.0 pts.
2008	2,777,587	-14.9	124.0	24.2
2009	2,365,681	-14.8	124.0	(4)
2010	2,050,619	-13.3	157.1	33.1
2011	2,320,540	13.2	160.0	2.9
2012	2,575,225	11.0	102.7	-57.3
2013	2,718,879	5.6	155.3	52.6
2014	2,674,183	-1.6	138.4	-16.8
2015	2,796,761	4.6	130.6	-7.8
2016	2,422,619	-13.4	124.1	-6.5

(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 point.

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

Product Liability Insurance, 2006-2015

($000)

Year	Net premiums written (1)	Annual percent change	Combined ratio (2)	Annual point change (3)
2006	$3,621,671	2.1%	77.8	-53.3 pts.
2007	3,265,035	-9.8	99.8	22.0
2008	2,777,587	-14.9	124.0	24.2
2009	2,365,681	-14.8	124.0	(4)
2010	2,050,619	-13.3	157.1	33.1
2011	2,320,540	13.2	160.0	2.9
2012	2,575,225	11.0	102.7	-57.3
2013	2,718,879	5.6	155.3	52.6
2014	2,674,183	-1.6	138.4	-16.8
2015	2,796,758	4.6	130.6	-7.8

(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 point.

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

PRODUCT LIABILITY INSURANCE, 2005-2014

($000)

Year	Net premiums written (1)	Annual percent change	Combined ratio (2)	Annual point change (3)
2005	$3,546,009	4.2%	131.1	-21.3 pts.
2006	3,621,671	2.1	77.8	-53.3
2007	3,265,035	-9.8	99.8	22.0
2008	2,777,587	-14.9	124.0	24.2
2009	2,365,681	-14.8	124.0	(4)
2010	2,050,619	-13.3	157.1	33.1
2011	2,320,540	13.2	160.0	2.9
2012	2,575,225	11.0	102.7	-57.3
2013	2,718,879	5.6	155.3	52.6
2014	2,674,183	-1.6	138.5	-16.8

(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 point.

Source: SNL Financial LC.

PRODUCTS LIABILITY INSURANCE, 2004-2013

($000)

Year	Net premiums written (1)	Annual percent change	Combined ratio (2)	Annual point change (3)
2004	$3,401,867	24.8%	152.4	-13.5 pts.
2005	3,546,009	4.2	131.1	-21.3
2006	3,621,671	2.1	77.8	-53.3
2007	3,265,035	-9.8	99.8	22.0
2008	2,777,587	-14.9	124.0	24.2
2009	2,365,681	-14.8	124.0	(4)
2010	2,050,619	-13.3	157.1	33.1
2011	2,320,540	13.2	160.0	2.9
2012	2,575,225	11.0	102.7	-57.3
2013	2,718,879	5.6	155.3	52.6

(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 point.

Source: SNL Financial LC.