| Excess Workers Compensation Insurance, 2014-2023 |
($000)
|
| Year |
Net premiums
written (1) |
Annual percent
change |
Combined
ratio (2) |
Annual point
change (3) |
| 2014 |
$920,223 |
9.0% |
108.2 |
39.0 pts. |
| 2015 |
929,393 |
1.0 |
113.6 |
5.4 |
| 2016 |
889,191 |
-4.3 |
111.6 |
-2.0 |
| 2017 |
796,587 |
-10.4 |
101.0 |
-10.6 |
| 2018 |
1,097,710 |
37.8 |
113.1 |
12.1 |
| 2019 |
931,400 |
-15.2 |
112.6 |
-0.5 |
| 2020 |
886,907 |
-4.8 |
88.5 |
-24.0 |
| 2021 |
929,025 |
4.7 |
102.7 |
14.1 |
| 2022 |
965,612 |
3.9 |
95.9 |
-6.7 |
| 2023 |
952,615 |
-1.3 |
46.8 |
-49.1 |
(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. |
|