EARTHQUAKE INSURANCE, 2002-2011

($000)

Year Net premiums written (1) Annual percent change Combined ratio (2) Annual point change (3)
2002 $997,147 17.8% 67.3 -33.5 pts.
2003 1,043,414 4.6 55.7 -11.6
2004 1,095,733 5.0 48.6 -7.1
2005 1,098,776 0.3 50.8 2.1
2006 1,306,553 18.9 35.2 -15.6
2007 1,247,776 -4.5 29.9 -5.3
2008 1,250,258 0.2 33.8 3.9
2009 1,285,609 2.8 32.5 -1.3
2010 1,436,182 11.7 45.7 13.2
2011 1,458,994 1.6 57.0 11.3

(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.