| Mortgage Guaranty Insurance, 2014-2023 |
($000)
|
| Year |
Net premiums
written (1) |
Annual percent
change |
Combined
ratio (2) |
Annual point
change (3) |
| 2014 |
$4,180,006 |
-3.5% |
70.2 |
-27.7 pts. |
| 2015 |
4,681,917 |
12.0 |
58.1 |
-12.1 |
| 2016 |
4,410,832 |
-5.8 |
49.9 |
-8.1 |
| 2017 |
4,376,797 |
-0.8 |
40.4 |
-9.5 |
| 2018 |
4,693,844 |
7.2 |
29.2 |
-11.2 |
| 2019 |
4,862,954 |
3.6 |
32.8 |
3.6 |
| 2020 |
4,765,345 |
-2.0 |
62.8 |
30.0 |
| 2021 |
4,684,480 |
-1.7 |
31.5 |
-31.3 |
| 2022 |
4,271,964 |
-8.8 |
2.9 |
-28.6 |
| 2023 |
4,227,014 |
-1.1 |
20.0 |
17.2 |
(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, Insurance Information Institute. |
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