PRODUCTS LIABILITY INSURANCE, 1999-2008
| 1999 |
$1,586,915 |
-2.4% |
159.1 |
NA |
| 2000 |
1,413,984 |
-10.9 |
130.7 |
-28.4 pts. |
| 2001 |
2,035,893 |
44.0 |
213.8 |
83.1 |
| 2002 |
1,787,544 |
-12.2 |
354.9 |
141.2 |
| 2003 |
2,726,599 |
52.5 |
165.8 |
-189.1 |
| 2004 |
3,401,867 |
24.8 |
152.4 |
-13.4 |
| 2005 |
3,561,261 |
4.7 |
130.9 |
-21.5 |
| 2006 |
3,621,669 |
1.7 |
77.8 |
-53.2 |
| 2007 |
3,305,603 |
-8.7 |
101.2 |
23.5 |
| 2008 |
2,777,558 |
-16.0 |
124.0 |
22.8 |
|
(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.
NA=Data not available.
Source: National Association of 杏吧原创 Commissioners (NAIC) Annual Statement Database, via Highline Data, LLC. Copyrighted information. No portion of this work may be copied or redistributed without the express written permission of Highline Data, LLC.
PRODUCTS LIABILITY INSURANCE, 2000-2009
| 2000 |
$1,404,819 |
-11.0% |
133.5 |
-23.6 pts. |
| 2001 |
2,006,433 |
42.8 |
215.2 |
81.7 |
| 2002 |
1,776,434 |
-11.5 |
354.9 |
139.7 |
| 2003 |
2,711,952 |
52.7 |
167.1 |
-187.7 |
| 2004 |
3,364,997 |
24.1 |
153.1 |
-14.0 |
| 2005 |
3,525,584 |
4.8 |
124.2 |
-29.0 |
| 2006 |
3,616,544 |
2.6 |
84.8 |
-39.4 |
| 2007 |
3,304,030 |
-8.6 |
101.4 |
16.7 |
| 2008 |
2,777,568 |
-15.9 |
124.9 |
23.5 |
| 2009 |
2,365,985 |
-14.8 |
123.0 |
-1.9 |
|
(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.
PRODUCTS LIABILITY INSURANCE, 2001-2010
| 2001 |
$2,017,277 |
43.6% |
214.9 |
81.4 pts. |
| 2002 |
1,776,434 |
-11.9 |
354.9 |
140.0 |
| 2003 |
2,711,952 |
52.7 |
167.1 |
-187.7 |
| 2004 |
3,364,997 |
24.1 |
153.1 |
-14.0 |
| 2005 |
3,525,584 |
4.8 |
124.2 |
-29.0 |
| 2006 |
3,616,544 |
2.6 |
84.8 |
-39.4 |
| 2007 |
3,304,030 |
-8.6 |
101.4 |
16.7 |
| 2008 |
2,777,568 |
-15.9 |
124.9 |
23.4 |
| 2009 |
2,365,986 |
-14.8 |
123.0 |
-1.9 |
| 2010 |
2,050,510 |
-13.3 |
157.1 |
34.1 |
|
(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.
Source: SNL Financial LC.
PRODUCTS LIABILITY INSURANCE, 2002-2011
| 2002 |
$1,776,434 |
-11.9% |
354.9 |
140.0 pts. |
| 2003 |
2,711,952 |
52.7 |
167.1 |
-187.7 |
| 2004 |
3,364,997 |
24.1 |
153.1 |
-14.0 |
| 2005 |
3,525,584 |
4.8 |
124.2 |
-29.0 |
| 2006 |
3,616,544 |
2.6 |
84.8 |
-39.4 |
| 2007 |
3,304,030 |
-8.6 |
101.4 |
16.7 |
| 2008 |
2,777,568 |
-15.9 |
124.9 |
23.4 |
| 2009 |
2,365,986 |
-14.8 |
123.0 |
-1.9 |
| 2010 |
2,050,510 |
-13.3 |
157.1 |
34.1 |
| 2011 |
2,320,518 |
13.2 |
158.8 |
1.7 |
|
(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.
PRODUCTS LIABILITY INSURANCE, 2003-2012
| 2003 |
$2,726,599 |
51.7% |
165.8 |
-187.5 pts. |
| 2004 |
3,401,867 |
24.8 |
152.4 |
-13.5 |
| 2005 |
3,546,009 |
4.2 |
131.1 |
-21.3 |
| 2006 |
3,621,671 |
2.1 |
77.8 |
-53.3 |
| 2007 |
3,265,035 |
-9.8 |
99.8 |
22.0 |
| 2008 |
2,777,587 |
-14.9 |
124.0 |
24.2 |
| 2009 |
2,365,681 |
-14.8 |
124.0 |
(4) |
| 2010 |
2,050,619 |
-13.3 |
157.1 |
33.1 |
| 2011 |
2,320,540 |
13.2 |
160.0 |
2.9 |
| 2012 |
2,546,403 |
9.7 |
100.4 |
-59.6 |
|
(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 point.
Source: SNL Financial LC.
PRODUCTS LIABILITY INSURANCE, 2004-2013
| Year |
Net premiums
written (1) |
Annual percent
change |
Combined ratio (2) |
Annual point
change (3) |
| 2004 |
$3,401,867 |
24.8% |
152.4 |
-13.5 pts. |
| 2005 |
3,546,009 |
4.2 |
131.1 |
-21.3 |
| 2006 |
3,621,671 |
2.1 |
77.8 |
-53.3 |
| 2007 |
3,265,035 |
-9.8 |
99.8 |
22.0 |
| 2008 |
2,777,587 |
-14.9 |
124.0 |
24.2 |
| 2009 |
2,365,681 |
-14.8 |
124.0 |
(4) |
| 2010 |
2,050,619 |
-13.3 |
157.1 |
33.1 |
| 2011 |
2,320,540 |
13.2 |
160.0 |
2.9 |
| 2012 |
2,575,225 |
11.0 |
102.7 |
-57.3 |
| 2013 |
2,718,879 |
5.6 |
155.3 |
52.6 |
|
(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 point.
Source: SNL Financial LC.
PRODUCT LIABILITY INSURANCE, 2005-2014
| Year |
Net premiums written (1) |
Annual percent change |
Combined ratio (2) |
Annual point change (3) |
| 2005 |
$3,546,009 |
4.2% |
131.1 |
-21.3 pts. |
| 2006 |
3,621,671 |
2.1 |
77.8 |
-53.3 |
| 2007 |
3,265,035 |
-9.8 |
99.8 |
22.0 |
| 2008 |
2,777,587 |
-14.9 |
124.0 |
24.2 |
| 2009 |
2,365,681 |
-14.8 |
124.0 |
(4) |
| 2010 |
2,050,619 |
-13.3 |
157.1 |
33.1 |
| 2011 |
2,320,540 |
13.2 |
160.0 |
2.9 |
| 2012 |
2,575,225 |
11.0 |
102.7 |
-57.3 |
| 2013 |
2,718,879 |
5.6 |
155.3 |
52.6 |
| 2014 |
2,674,183 |
-1.6 |
138.5 |
-16.8 |
|
(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 point.
Source: SNL Financial LC.
Product Liability 杏吧原创, 2006-2015
| Year |
Net premiums written (1) |
Annual percent change |
Combined ratio (2) |
Annual point change (3) |
| 2006 |
$3,621,671 |
2.1% |
77.8 |
-53.3 pts. |
| 2007 |
3,265,035 |
-9.8 |
99.8 |
22.0 |
| 2008 |
2,777,587 |
-14.9 |
124.0 |
24.2 |
| 2009 |
2,365,681 |
-14.8 |
124.0 |
(4) |
| 2010 |
2,050,619 |
-13.3 |
157.1 |
33.1 |
| 2011 |
2,320,540 |
13.2 |
160.0 |
2.9 |
| 2012 |
2,575,225 |
11.0 |
102.7 |
-57.3 |
| 2013 |
2,718,879 |
5.6 |
155.3 |
52.6 |
| 2014 |
2,674,183 |
-1.6 |
138.4 |
-16.8 |
| 2015 |
2,796,758 |
4.6 |
130.6 |
-7.8 |
|
(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 point.
Source: NAIC data, sourced from S&P Global Market Intelligence, 杏吧原创 Information Institute.
Product Liability 杏吧原创, 2007-2016
| Year |
Net premiums written (1) |
Annual percent change |
Combined ratio (2) |
Annual point change (3) |
| 2007 |
$3,265,035 |
-9.8% |
99.8 |
22.0 pts. |
| 2008 |
2,777,587 |
-14.9 |
124.0 |
24.2 |
| 2009 |
2,365,681 |
-14.8 |
124.0 |
(4) |
| 2010 |
2,050,619 |
-13.3 |
157.1 |
33.1 |
| 2011 |
2,320,540 |
13.2 |
160.0 |
2.9 |
| 2012 |
2,575,225 |
11.0 |
102.7 |
-57.3 |
| 2013 |
2,718,879 |
5.6 |
155.3 |
52.6 |
| 2014 |
2,674,183 |
-1.6 |
138.4 |
-16.8 |
| 2015 |
2,796,761 |
4.6 |
130.6 |
-7.8 |
| 2016 |
2,422,619 |
-13.4 |
124.1 |
-6.5 |
|
(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 point.
Source: NAIC data, sourced from S&P Global Market Intelligence, 杏吧原创 Information Institute.
Product Liability 杏吧原创, 2008-2017
| Year |
Net premiums written (1) |
Annual percent change |
Combined ratio (2) |
Annual point change (3) |
| 2008 |
$2,777,587 |
-14.9% |
124.0 |
24.2 pts. |
| 2009 |
2,365,681 |
-14.8 |
124.0 |
(4) |
| 2010 |
2,050,619 |
-13.3 |
157.1 |
33.1 |
| 2011 |
2,320,540 |
13.2 |
160.0 |
2.9 |
| 2012 |
2,575,225 |
11.0 |
102.7 |
-57.3 |
| 2013 |
2,718,879 |
5.6 |
155.3 |
52.6 |
| 2014 |
2,674,183 |
-1.6 |
134.4 |
-20.9 |
| 2015 |
2,796,761 |
4.6 |
130.6 |
-3.7 |
| 2016 |
2,422,721 |
-13.4 |
124.1 |
-6.5 |
| 2017 |
2,689,115 |
11.0 |
102.1 |
-22.0 |
|
(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 point.
Source: NAIC data, sourced from S&P Global Market Intelligence, 杏吧原创 Information Institute.
Products Liability 杏吧原创, 2009-2018
| Year |
Net premiums written (1) |
Annual percent change |
Combined ratio (2) |
Annual point change (3) |
| 2009 |
$2,365,681 |
-14.8% |
124.0 |
(4) |
| 2010 |
2,050,619 |
-13.3 |
157.1 |
33.1 pts. |
| 2011 |
2,320,540 |
13.2 |
160.0 |
2.9 |
| 2012 |
2,575,225 |
11.0 |
102.7 |
-57.3 |
| 2013 |
2,718,879 |
5.6 |
155.3 |
52.6 |
| 2014 |
2,674,183 |
-1.6 |
134.4 |
-20.9 |
| 2015 |
2,796,761 |
4.6 |
130.6 |
-3.7 |
| 2016 |
2,422,721 |
-13.4 |
124.1 |
-6.5 |
| 2017 |
2,689,115 |
11.0 |
102.1 |
-22.0 |
| 2018 |
2,790,125 |
3.8 |
122.4 |
20.3 |
|
(1) After reinsurance transactions, excludes state funds. 聽
(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 point.
Source: NAIC data, sourced from S&P Global Market Intelligence, 杏吧原创 Information Institute.
Product Liability 杏吧原创, 2010-2019
| Year |
Net premiums written (1) |
Annual percent change |
Combined ratio (2) |
Annual point change (3) |
| 2010 |
$2,050,619 |
-13.3% |
157.1 |
33.1 pts. |
| 2011 |
2,320,540 |
13.2 |
160.0 |
2.9 |
| 2012 |
2,575,225 |
11.0 |
102.7 |
-57.3 |
| 2013 |
2,718,879 |
5.6 |
155.3 |
52.6 |
| 2014 |
2,674,183 |
-1.6 |
134.4 |
-20.9 |
| 2015 |
2,796,761 |
4.6 |
130.6 |
-3.7 |
| 2016 |
2,422,721 |
-13.4 |
124.1 |
-6.5 |
| 2017 |
2,689,115 |
11.0 |
102.1 |
-22.0 |
| 2018 |
2,794,716 |
3.9 |
122.3 |
20.2 |
| 2019 |
3,018,938 |
8.0 |
107.6 |
-14.7 |
|
(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.
Source: NAIC data, sourced from S&P Global Market Intelligence, 杏吧原创 Information Institute.
Product Liability 杏吧原创, 2011-2020
| Year |
Net premiums
written (1) |
Annual percent
change |
Combined
ratio (2) |
Annual point
change (3) |
| 2011 |
$2,320,540 |
13.2% |
160.0 |
2.9 pts. |
| 2012 |
2,575,225 |
11.0 |
102.7 |
-57.3 |
| 2013 |
2,718,879 |
5.6 |
155.3 |
52.6 |
| 2014 |
2,674,183 |
-1.6 |
134.4 |
-20.9 |
| 2015 |
2,796,761 |
4.6 |
130.6 |
-3.7 |
| 2016 |
2,422,721 |
-13.4 |
124.1 |
-6.5 |
| 2017 |
2,689,115 |
11.0 |
102.1 |
-22.0 |
| 2018 |
2,794,716 |
3.9 |
122.3 |
20.2 |
| 2019 |
3,019,134 |
8.0 |
107.6 |
-14.7 |
| 2020 |
3,239,063 |
7.3 |
88.2 |
-19.4 |
|
(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.
Source: NAIC data, sourced from S&P Global Market Intelligence, 杏吧原创 Information Institute.
Product Liability 杏吧原创, 2012-2021
| Year |
Net premiums
written (1) |
Annual percent
change |
Combined
ratio (2) |
Annual point
change (3) |
| 2012 |
$2,575,225 |
11.0% |
102.7 |
-57.3 pts. |
| 2013 |
2,718,879 |
5.6 |
155.3 |
52.6 |
| 2014 |
2,674,183 |
-1.6 |
134.4 |
-20.9 |
| 2015 |
2,796,761 |
4.6 |
130.6 |
-3.7 |
| 2016 |
2,422,721 |
-13.4 |
124.1 |
-6.5 |
| 2017 |
2,689,115 |
11.0 |
102.1 |
-22.0 |
| 2018 |
2,794,716 |
3.9 |
122.3 |
20.2 |
| 2019 |
3,017,099 |
8.0 |
108.5 |
-13.8 |
| 2020 |
3,239,063 |
7.3 |
88.2 |
-20.3 |
| 2021 |
3,353,494 |
3.5 |
101.1 |
12.8 |
|
(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.
Source: NAIC data, sourced from S&P Global Market Intelligence, 杏吧原创 Information Institute.
Product Liability 杏吧原创, 2013-2022
| Year |
Net premiums
written (1) |
Annual percent
change |
Combined
ratio (2) |
Annual point
change (3) |
| 2013 |
$2,718,879 |
5.6% |
155.3 |
52.6 pts. |
| 2014 |
2,674,183 |
-1.6 |
134.4 |
-20.9 |
| 2015 |
2,796,761 |
4.6 |
130.6 |
-3.7 |
| 2016 |
2,422,721 |
-13.4 |
124.1 |
-6.5 |
| 2017 |
2,689,115 |
11.0 |
102.1 |
-22.0 |
| 2018 |
2,794,716 |
3.9 |
122.3 |
20.2 |
| 2019 |
3,017,099 |
8.0 |
108.5 |
-13.8 |
| 2020 |
3,239,063 |
7.3 |
88.2 |
-20.3 |
| 2021 |
3,561,020 |
9.9 |
100.5 |
12.2 |
| 2022 |
4,293,616 |
20.6 |
89.5 |
-11.0 |
|
(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.
Source: NAIC data, sourced from S&P Global Market Intelligence, 杏吧原创 Information Institute.
Product Liability 杏吧原创, 2014-2023
| Year |
Net premiums
written (1) |
Annual percent
change |
Combined
ratio (2) |
Annual point
change (3) |
| 2014 |
$2,674,183 |
-1.6% |
134.4 |
-20.9 pts. |
| 2015 |
2,796,761 |
4.6 |
130.6 |
-3.7 |
| 2016 |
2,422,721 |
-13.4 |
124.1 |
-6.5 |
| 2017 |
2,689,115 |
11.0 |
102.1 |
-22.0 |
| 2018 |
2,794,716 |
3.9 |
122.3 |
20.2 |
| 2019 |
3,017,099 |
8.0 |
108.5 |
-13.8 |
| 2020 |
3,239,063 |
7.4 |
88.2 |
-20.3 |
| 2021 |
3,561,024 |
9.9 |
100.5 |
12.2 |
| 2022 |
4,295,605 |
20.6 |
89.5 |
-11.0 |
| 2023 |
4,444,481 |
3.5 |
99.9 |
10.4 |
|
(1) After reinsurance transactions, excludes state funds.聽 聽
(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: NAIC data, sourced from S&P Global Market Intelligence, 杏吧原创 Information Institute.