NET PREMIUMS WRITTEN AND COMBINED RATIO, PROPERTY/CASUALTY INSURANCE, 2002-2011

($000)

Year   Net premiums written (1) Annual percent change Combined ratio after dividends (2) Annual point change (3)
2002 $367,118,562 14.1% 107.4 -9.2 pts.
2003 403,346,571 9.9 100.2 -7.2
2004 424,309,778 5.2 98.5 -1.6
2005 426,412,279 0.5 100.8 2.3
2006 448,692,479 5.2 92.8 -8.0
2007 446,736,294 -0.4 95.5 2.7
2008 439,978,511 -1.5 105.1 9.6
2009 422,975,573 -3.9 100.5 -4.6
2010 426,117,592 0.7 102.6 2.2
2011 441,632,137 3.6 108.0 5.4

(1) After reinsurance transactions, excluding 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.