Inland Marine Insurance, 2015-2024
| Year | Net premiums written (1) |
Annual percent change |
Combined ratio (2) |
Annual point change (3) |
|---|---|---|---|---|
| 2015 | $11,398,202 | 3.9% | 83.9 | 0.4 pts. |
| 2016 | 11,388,849 | -0.1 | 84.0 | (4) |
| 2017 | 11,960,059 | 5.0 | 90.0 | 6.0 |
| 2018 | 14,575,588 | 21.9 | 86.4 | -3.6 |
| 2019 | 15,585,196 | 6.9 | 86.6 | 0.2 |
| 2020 | 14,880,594 | -4.5 | 98.0 | 11.4 |
| 2021 | 17,618,563 | 18.4 | 86.9 | -11.1 |
| 2022 | 21,241,995 | 20.6 | 86.2 | -0.7 |
| 2023 | 22,675,238 | 6.7 | 82.3 | -4.0 |
| 2024 | 20,147,544 | -11.1 | 81.2 | -1.1 |
(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.
(4) Less than 0.1 percent.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.