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Incurred Losses for Auto Insurance, 2019-2023 (1)

($000)
  2019 2020 2021 2022 2023
Private passenger auto          
     Liability $96,168,238 $81,627,769 $95,420,729 $118,106,320 $125,667,607
     Physical damage 62,628,495 54,659,175 73,802,318 91,033,128 95,379,195
Commercial auto          
     Liability 20,362,671 19,279,909 21,008,709 26,227,343 30,298,647
     Physical damage 5,389,667 4,824,642 5,779,487 7,669,261 8,219,219
Total $184,549,071 $160,391,495 $196,011,243 $243,036,052 $259,564,668

(1) Losses occurring within a fixed period, whether or not adjusted or paid during the same period, after reinsurance transactions.

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

Incurred Losses For Auto Insurance, 2018-2022 (1)

($000)
  2018 2019 2020 2021 2022
Private passenger auto          
     Liability $91,736,331 $96,183,910 $81,622,211 $96,103,658 $117,875,684
     Physical damage 58,766,743 62,636,230 54,684,357 73,849,765 91,020,987
Commercial auto          
     Liability 17,810,709 20,402,267 19,315,713 21,125,756 26,341,725
     Physical damage 4,999,100 5,395,145 4,813,714 5,771,405 7,692,547
Total $173,312,883 $184,617,552 $160,435,995 $196,850,584 $242,930,943

(1) Losses occurring within a fixed period, whether or not adjusted or paid during the same period, after reinsurance transactions.

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

Incurred Losses For Auto Insurance, 2016-2020 (1)

($000)
  2016 2017 2018 2019 2020
Private passenger auto          
     Liability $88,249,238 $90,495,835 $91,736,331 $96,191,310 $81,618,462
     Physical damage 55,738,221 57,052,411 58,766,743 62,638,267 54,683,622
Commercial auto          
     Liability 14,987,073 15,528,570 17,810,709 20,435,099 19,313,224
     Physical damage 4,279,414 4,874,748 4,999,100 5,407,130 4,813,211
Total $163,253,946 $167,951,564 $173,312,883 $184,671,806 $160,428,519

(1) Losses occurring within a fixed period, whether or not adjusted or paid during the same period, after reinsurance transactions.

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

Incurred Losses For Auto Insurance, 2015-2019 (1)

($000)
  2015 2016 2017 2018 2019
Private passenger auto          
     Liability $79,098,617 $88,249,238 $90,495,835 $91,736,331 $96,189,924
     Physical damage 48,564,511 55,738,221 57,052,411 58,766,743 62,637,686
Commercial auto          
     Liability 13,587,152 14,987,073 15,528,570 17,810,709 20,434,568
     Physical damage 3,902,124 4,279,414 4,874,748 4,999,100 5,407,130
Total $145,152,404 $163,253,946 $167,951,564 $173,312,883 $184,669,308

(1) Losses occurring within a fixed period, whether or not adjusted or paid during the same period, after reinsurance transactions.

Source: NAIC data, sourced from S&P Global Market Intelligence

Incurred Losses For Auto Insurance, 2014-2018 (1)

($000)
  2014 2015 2016 2017 2018
Private passenger auto          
     Liability $72,008,280 $79,098,617 $88,249,238 $90,495,835 $91,726,649
     Physical damage 45,301,757 48,564,511 55,738,221 57,052,411 58,763,318
Commercial auto          
     Liability 11,957,182 13,587,152 14,987,073 15,528,570 17,774,673
     Physical damage 3,645,335 3,902,124 4,279,414 4,874,748 4,993,846
Total $132,912,554 $145,152,404 $163,253,946 $167,951,564 $173,258,486

(1) Losses occurring within a fixed period, whether or not adjusted or paid during the same period, after reinsurance transactions.

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

Incurred Losses For Auto Insurance, 2013-2017 (1)

($000)
  2013 2014 2015 2016 2017
Private passenger auto          
     Liability $67,879,783 $72,008,280 $79,098,617 $88,249,238 $90,495,283
     Physical damage 41,754,861 45,301,757 48,564,511 55,738,221 57,052,411
Commercial auto          
     Liability 11,305,714 11,957,182 13,587,152 14,987,073 15,519,716
     Physical damage 3,255,570 3,645,335 3,902,124 4,279,414 4,874,748
Total $124,195,928 $132,912,554 $145,152,404 $163,253,946 $167,942,158

(1) Losses occurring within a fixed period, whether or not adjusted or paid during the same period on a direct basis before reinsurance.

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

Incurred Losses For Auto Insurance, 2012-2016 (1)

($000)
  2012 2013 2014 2015 2016
Private passenger auto          
     Liability $65,135,976 $67,879,783 $72,050,778 $79,098,617 $88,242,895
     Physical damage 41,275,620 41,754,861 45,308,112 48,564,511 55,737,404
Commercial auto          
     Liability 10,515,806 11,305,714 11,939,881 13,587,152 14,983,039
     Physical damage 3,250,740 3,255,570 3,645,335 3,902,124 4,275,518
Total $120,178,142 $124,195,928 $132,944,106 $145,152,404 $163,238,856

(1) Losses occurring within a fixed period, whether or not adjusted or paid during the same period on a direct basis before reinsurance.

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

Incurred Losses For Auto Insurance, 2011-2015 (1)

($000)
  2011 2012 2013 2014 2015
Private passenger auto          
     Liability $64,310,776 $65,135,976 $67,879,783 $72,050,778 $79,098,617
     Physical damage 40,589,159 41,275,620 41,754,861 45,308,112 48,564,511
Commercial auto          
     Liability 9,363,647 10,515,806 11,305,714 11,939,881 13,584,614
     Physical damage 3,164,880 3,250,740 3,255,570 3,645,335 3,902,124
Total $117,428,462 $120,178,142 $124,195,928 $132,944,106 $145,149,866

(1) Losses occurring within a fixed period, whether or not adjusted or paid during the same period, after reinsurance transactions.

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

INCURRED LOSSES FOR AUTO INSURANCE, 2010-2014 (1)

($000)
  2010 2011 2012 2013 2014
Private passenger auto          
     Liability $64,110,267 $64,310,776 $65,135,976 $67,879,783 $72,027,357
     Physical damage 36,454,102 40,589,159 41,275,620 41,754,861 45,313,540
Commercial auto          
     Liability 8,798,119 9,363,647 10,515,806 11,305,679 11,933,884
     Physical damage 2,911,013 3,164,880 3,250,740 3,255,581 3,627,601
Total $112,273,501 $117,428,462 $120,178,142 $124,195,904 $132,902,382

(1) Losses occurring within a fixed period, whether or not adjusted or paid during the same period, after reinsurance transactions.

Source: SNL Financial LC.

INCURRED LOSSES FOR AUTO INSURANCE, 2009-2013 (1)

($000)
  2009 2010 2011 2012 2013
Private passenger auto          
     Liability $63,448,211 $64,110,267 $64,310,776 $65,135,976 $67,879,783
     Physical damage 36,497,330 36,454,102 40,589,159 41,275,620 41,754,269
Commercial auto          
     Liability 9,345,288 8,798,119 9,363,647 10,515,806 11,302,794
     Physical damage 3,005,162 2,911,013 3,164,880 3,250,740 3,255,581
Total $112,295,991 $112,273,501 $117,428,462 $120,178,142 $124,192,427

(1) Losses occurring within a fixed period, whether or not adjusted or paid during the same period, after reinsurance transactions.

Source: SNL Financial LC.