WARRANTY INSURANCE, 2008-2011

($000)

Year Net premiums written (1) Annual percent change Combined ratio (2) Annual point change (3)
2008 $2,086,930 NA 94.3 NA
2009 1,757,250 -15.8% 97.4 3.1 pts.
2010 1,864,134 6.1 107.2 9.8
2011 1,695,796 -9.0 97.1 -10.1

(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.

NA=Data not available.

Source: SNL Financial LC.