| Surety Bonds, 2015-2024 |
($000)
|
| Year |
Net premiums
written (1) |
Annual percent
change |
Combined
ratio (2) |
Annual point
change (3) |
| 2015 |
$5,139,999 |
2.8% |
73.8 |
4.5 pts. |
| 2016 |
5,138,525 |
(4) |
72.4 |
-1.4 |
| 2017 |
5,390,869 |
4.9 |
72.4 |
(4) |
| 2018 |
6,357,877 |
17.9 |
70.8 |
-1.6 |
| 2019 |
6,551,189 |
3.0 |
71.0 |
0.2 |
| 2020 |
6,677,154 |
1.9 |
78.1 |
7.2 |
| 2021 |
7,110,412 |
6.5 |
69.6 |
-8.5 |
| 2022 |
8,237,722 |
15.9 |
64.2 |
-5.4 |
| 2023 |
9,318,436 |
13.1 |
70.3 |
6.1 |
| 2024 |
10,181,186 |
9.3 |
71.0 |
0.8 |
(1) After reinsurance transactions, excludes 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.
(4) Less than 0.1 percent.
Source: NAIC data, sourced from S&P Global Market Intelligence, ÐÓ°ÉÔ´´ Information Institute. |
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