NET PREMIUMS WRITTEN AND COMBINED RATIO, PROPERTY/CASUALTY INSURANCE, 2004-2013

($ billions)

Year Net premiums written (1) Annual percent change Combined ratio after dividends (2) Annual point change (3) Year Net premiums written (1) Annual percent change Combined ratio after dividends (2) Annual point change (3)
2004 $425.5 4.5% 98.5 -1.7 pts. 2009 $423.5 -3.8% 100.4 -4.8 pts.
2005 422.4 -0.7 100.7 2.2 2010 425.9 0.6 102.5 2.1
2006 447.8 6.0 92.4 -8.2 2011 441.6 3.7 108.3 5.8
2007 446.2 -0.4 95.6 3.2 2012 460.5 4.3 103.1 -5.2
2008 440.3 -1.3 105.2 9.5 2013 481.2 4.5 96.3 -6.8
(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 numbers. Source: SNL Financial LC.