|Homeowners Insurance Industry Losses And Underwriting Expenses, 2018 (1)|
(1) After reinsurance transactions.
(2) As a percent of net premiums earned ($86.3 billion in 2018).
(3) As a percent of net premiums written ($88.9 billion in 2018).
(4) Sum of loss and LAE, expense and dividends ratios.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.
||Percent of premiums
|Losses and related expenses (2)
|Loss and loss adjustment expense (LAE) ratio
| Incurred losses
| Defense and cost containment expenses incurred
| Adjusting and other expenses incurred
|Operating expenses (3)
| Net commissions and brokerage expenses incurred
| Taxes, licenses and fees
| Other acquisition and field supervision expenses incurred
| General expenses incurred
|Dividends to policyholders (2)
|Combined ratio after dividends (4)