CREDIT INSURANCE, 2002-2011

($000)

Year Net premiums written (1) Annual percent change Combined ratio (2) Annual point change (3)
2002 $703,038 22.2% 104.6 13.8 pts.
2003 568,502 -19.1 98.6 -6.0
2004 806,372 41.8 96.4 -2.2
2005 936,101 16.1 82.2 -14.2
2006 1,090,144 16.5 86.2 4.0
2007 1,405,439 28.9 129.2 43.0
2008 1,413,313 0.6 170.6 41.4
2009 1,224,472 -13.4 140.8 -29.8
2010 1,344,776 9.8 126.9 -13.9
2011 1,490,132 10.8 94.3 -32.6

(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.