| Boiler And Machinery Insurance, 2014-2023 |
($000)
|
| Year |
Net premiums
written (1) |
Annual percent
change |
Combined
ratio (2) |
Annual point
change (3) |
| 2015 |
$1,682,090 |
-15.9% |
69.3 |
-6.9 pts |
| 2016 |
1,892,160 |
12.5 |
78.6 |
9.3 |
| 2017 |
2,043,204 |
8.0 |
76.4 |
-2.2 |
| 2018 |
2,600,761 |
27.3 |
86.4 |
9.9 |
| 2019 |
2,551,133 |
-1.9 |
72.9 |
-13.5 |
| 2020 |
2,830,040 |
10.9 |
85.3 |
12.5 |
| 2021 |
3,372,602 |
19.2 |
71.4 |
-13.9 |
| 2022 |
3,644,139 |
8.1 |
64.6 |
-6.9 |
| 2023 |
4,279,631 |
17.4 |
66.1 |
1.5 |
(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 numbers.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute. |
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