SURETY BONDS, 2002-2011

($000)

Year Net premiums written (1) Annual percent change Combined ratio (2) Annual point change (3)
2002 $3,280,927 7.8% 116.9 -7.2 pts.
2003 3,384,636 3.2 122.1 5.2
2004 3,821,170 12.9 119.8 -2.3
2005 3,866,026 1.2 101.5 -18.3
2006 4,435,122 14.7 81.7 -19.8
2007 4,807,994 8.4 72.3 -9.3
2008 4,960,255 3.2 66.9 -5.4
2009 4,837,598 -2.5 79.5 12.5
2010 4,853,562 0.3 70.6 -8.8
2011 4,849,483 -0.1 72.6 2.0

(1) After reinsurance transactions, excluding 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: SNL Financial LC.