| Ocean Marine Insurance, 2014-2023 |
($000)
|
| Year |
Net premiums
written (1) |
Annual percent
change |
Combined
ratio (2) |
Annual point
change (3) |
| 2014 |
$2,910,377 |
1.6% |
91.2 |
-7.0 pts. |
| 2015 |
2,831,564 |
-2.7 |
94.3 |
3.1 |
| 2016 |
2,549,417 |
-10.0 |
97.0 |
2.7 |
| 2017 |
2,370,488 |
-7.0 |
110.3 |
13.2 |
| 2018 |
2,885,727 |
21.7 |
100.6 |
-9.6 |
| 2019 |
3,182,069 |
10.3 |
105.3 |
4.6 |
| 2020 |
3,441,635 |
8.2 |
97.9 |
-7.3 |
| 2021 |
3,902,359 |
13.4 |
101.0 |
3.1 |
| 2022 |
4,130,075 |
5.8 |
87.4 |
-13.6 |
| 2023 |
4,655,073 |
12.7 |
81.4 |
-6.0 |
(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 numbers.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute. |
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