FIDELITY BONDS, 2002-2011

($000)

Year Net premiums written (1) Annual percent change Combined ratio (2) Annual point change (3)
2002 $1,013,535 18.4% 105.3 12.8 pts.
2003 1,191,861 17.6 71.0 -34.3
2004 1,309,345 9.9 80.5 9.6
2005 1,215,815 -7.1 85.1 4.6
2006 1,240,349 2.0 87.1 2.0
2007 1,246,889 0.5 76.4 -10.7
2008 1,140,555 -8.5 84.2 7.7
2009 1,105,439 -3.1 105.3 21.1
2010 1,077,886 -2.5 96.2 -9.1
2011 1,098,230 1.9 102.0 5.8

(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.