Farmowners Multiple Peril Insurance, 2012-2021

($000)

Year Net premiums written (1) Annual percent change Combined ratio (2) Annual point change (3)
2012 $3,277,423 11.8% 99.5 -17.9 pts.
2013 3,511,651 7.1 93.9 -5.6
2014 3,628,084 3.3 95.4 1.5
2015 3,762,451 3.7 89.9 -5.6
2016 3,802,197 1.1 93.6 3.8
2017 3,925,285 3.2 105.7 12.1
2018 4,128,898 5.2 97.0 -8.7
2019 4,327,315 4.8 99.0 2.0
2020 4,443,265 2.7 105.8 6.8
2021 5,122,872 15.3 96.9 -8.9
(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.