Financial Guaranty Insurance, 2009-2018 (1)

($000)

Year Net premiums written (2) Annual percent change Combined ratio (3) Annual point change (4)
2009 $1,793,410 -43.5% 100.6 -320.7 pts.
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
2018 364,313 -13.4 130.5 -188.3
(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 numbers. Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.