COMPONENTS OF THE COMBINED RATIO, PROPERTY/CASUALTY INSURANCE, 2005-2014 (1)

 

Year Loss ratio (2) Expense ratio (3) Combined ratio Dividends to policyholders (4) Combined ratio after dividends 
2005 74.6 25.8 100.4 0.4 100.9
2006 65.2 26.4 91.6 0.8 92.4
2007 67.7 27.3 94.9 0.6 95.5
2008 77.1 27.5 104.6 0.4 105.0
2009 72.5 28.0 100.5 0.5 101.0
2010 73.6 28.3 101.8 0.5 102.4
2011 79.3 28.4 107.7 0.4 108.1
2012 74.2 28.2 102.5 0.5 102.9
2013 67.4 28.2 95.6 0.5 96.2
2014 68.7 27.8 96.5 0.5 97.0
(1) Excludes state funds and other residual insurers. (2) Incurred loss and loss adjustment expenses as a percent of earned premiums. (3) Other underwriting expenses as a percent of written premiums. (4) Dividends to policyholders as a percent of earned premiums. Source: ISO®, a Verisk Analytics® business.