Financial Guaranty Insurance, 2008-2017 (1)

($000)

Year Net premiums written (2) Annual percent change Combined ratio (3) Annual point change (4)
2008 $3,171,560 4.4% 421.4 268.9 pts.
2009 1,793,410 -43.5 100.6 -320.7
2010 1,371,908 -23.5 228.4 127.8
2011 968,898 -29.4 219.0 -9.4
2012 692,541 -28.5 181.6 -37.4
2013 710,480 2.6 -3.4 -184.9
2014 488,482 -31.2 91.3 94.7
2015 418,792 -14.3 99.0 7.8
2016 364,531 -13.0 177.6 78.6
2017 420,844 15.4 318.7 141.1
(1) Based on Insurance Expense Exhibit (IEE) data. Financial Guaranty Insurance Co. did not file an IEE in 2012. Several companies in 2013 reduced loss reserves as a result of strains from the financial crisis, creating a negative combined ratio. (2) After reinsurance transactions, excludes state funds. (3) After dividends to policyholders. A drop in the combined ratio represents an improvement; an increase represents a deterioration. (4) Calculated from unrounded data. Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.