Earthquake Insurance, 2012-2021

($000)

Year Net premiums written (1) Annual percent change Combined ratio (2) Annual point change (3)
2012 $1,593,451 8.6% 36.3 -19.5 pts.
2013 1,586,985 -0.4 30.3 -6.0
2014 1,641,847 3.5 34.0 3.7
2015 1,649,753 0.5 28.1 -5.8
2016 1,535,142 -6.9 34.4 6.2
2017 1,511,543 -1.5 42.3 8.0
2018 1,827,543 20.9 44.3 2.0
2019 1,985,433 8.6 29.0 -15.3
2020 2,386,798 20.2 38.1 9.1
2021 2,824,051 18.3 36.1 -2.0
(1) After reinsurance transactions, excludes state funds, such as the California Earthquake Authority, a not-for-profit, privately funded, publicly managed organization that provides coverage in California. (2) After dividends to policyholders. A drop in the combined ratio represents an improvement; an increase represents a deterioration. (3) Calculated from unrounded numbers. Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.