Excess Workers Compensation Insurance, 2015-2024
| Year | Net premiums written (1) |
Annual percent change |
Combined ratio (2) |
Annual point change (3) |
|---|---|---|---|---|
| 2015 | $929,389 | 1.0% | 112.0 | 4.6 pts. |
| 2016 | 889,194 | -4.3 | 109.2 | -2.8 |
| 2017 | 796,579 | -10.4 | 123.6 | 14.4 |
| 2018 | 1,097,710 | 37.8 | 116.6 | -7.0 |
| 2019 | 931,106 | -15.2 | 111.4 | -5.3 |
| 2020 | 886,907 | -4.7 | 89.9 | -21.5 |
| 2021 | 929,024 | 4.7 | 105.2 | 15.3 |
| 2022 | 965,606 | 3.9 | 97.7 | -7.5 |
| 2023 | 952,417 | -1.4 | 48.2 | -49.5 |
| 2024 | 1,060,690 | 11.4 | 41.6 | -6.6 |
(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.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.