MORTGAGE GUARANTY INSURANCE, 2002-2011

($000)

Year Net premiums written (1) Annual percent change Combined ratio (2) Annual point change (3)
2002 $3,987,056 6.5% 58.3 6.2 pts.
2003 4,318,317 8.3 67.5 9.3
2004 4,317,577 0.0 74.9 7.4
2005 4,429,402 2.6 71.8 -3.1
2006 4,563,852 3.0 71.8 -0.1
2007 5,189,894 13.7 129.5 57.7
2008 5,367,720 3.4 219.9 90.4
2009 4,570,092 -14.9 202.4 -17.5
2010 4,246,677 -7.1 199.0 -3.4
2011 4,240,347 -0.1 219.1 20.1

(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.