Warranty Insurance, 2014-2023
| Year | Net premiums written (1) |
Annual percent change |
Combined ratio (2) |
Annual point change (3) |
|---|---|---|---|---|
| 2014 | $1,020,188 | -11.7% | 93.5 | -10.8 pts. |
| 2015 | 1,017,790 | -0.2 | 107.9 | 14.4 |
| 2016 | 930,240 | -8.6 | 88.8 | -19.1 |
| 2017 | 1,090,590 | 17.2 | 90.6 | 1.8 |
| 2018 | 1,247,678 | 14.4 | 95.4 | 4.8 |
| 2019 | 1,155,275 | -7.4 | 102.3 | 6.9 |
| 2020 | 1,238,138 | 7.2 | 84.6 | -17.6 |
| 2021 | 1,426,672 | 15.2 | 87.7 | 3.1 |
| 2022 | 1,238,287 | -13.2 | 88.2 | 0.5 |
| 2023 | 1,183,883 | -4.4 | 95.2 | 7.0 |
(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.