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Private Crop Insurance, 2014-2023
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($000)

Year Net premiums
written (1)		 Annual percent
change		 Combined
ratio (2)		 Annual point
change (3)
2014 $582,817 NA 138.8 NA
2015 584,600 0.3% 146.2 7.3 pts.
2016 455,410 -22.1 122.3 -23.9
2017 498,804 9.5 66.6 -55.7
2018 693,254 39.0 126.9 60.3
2019 686,589 -1.0 117.5 -9.4
2020 623,991 -9.1 146.9 29.5
2021 711,266 14.0 122.0 -25.0
2022 843,076 18.5 113.3 -8.7
2023 928,167 10.1 140.3 27.0

(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.

NA=Data not available.

Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.

 

Archived Tables

CROP INSURANCE, 1999-2008
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($000)

Year Direct premiums written (1) Annual percent change Loss ratio (2) Annual point change
1999 $508,108 -11.9% 76 -7 pts.
2000 468,405 -7.8 68 -8
2001 433,743 -7.4 69 1
2002 405,003 -6.6 70 1
2003 422,137 4.2 56 -14
2004 427,567 1.3 58 2
2005 434,711 1.7 44 -14
2006 405,254 -6.8 50 4
2007 489,649 20.8 48 -2
2008 669,436 36.7 83 35

(1) Before reinsurance transactions, total for all policyholders of crop-hail insurance.
(2) The percentage of each premium dollar spent on claims and associated costs. A drop in the loss ratio represents an improvement; an increase represents a deterioration.

Source: National Crop Insurance Services. 

 
CROP-HAIL INSURANCE, 2000-2009
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($000)

Year Direct premiums written (1) Annual percent change Loss ratio (2) Annual point change
2000 $468,405 -7.8% 68 -8 pts.
2001 433,743 -7.4 69 1
2002 405,003 -6.6 70 1
2003 422,137 4.2 56 -14
2004 427,567 1.3 58 2
2005 434,711 1.7 44 -14
2006 405,254 -6.8 50 4
2007 489,649 20.8 48 -2
2008 669,436 36.7 83 35
2009 631,322 -5.7 91 8

(1) Before reinsurance transactions, total for all policyholders of crop-hail insurance.
(2) The percentage of each premium dollar spent on claims and associated costs. A drop in the loss ratio represents an improvement; an increase represents a deterioration.

Source: National Crop Insurance Services.

 
CROP-HAIL INSURANCE, 2001-2010
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($000)

Year Direct premiums written (1) Annual percent change Loss ratio (2) Annual point change
2001 $433,743 -7.4% 69 1 pt.
2002 405,003 -6.6 70 1
2003 422,137 4.2 56 -14
2004 427,567 1.3 58 2
2005 434,711 1.7 44 -14
2006 405,254 -6.8 50 4
2007 489,649 20.8 48 -2
2008 669,436 36.7 83 35
2009 621,322 -7.2 91 8
2010 682,210 9.8 67 -24

(1) Before reinsurance transactions, total for all policyholders of crop-hail insurance.
(2) The percentage of each premium dollar spent on claims and associated costs. A drop in the loss ratio represents an improvement; an increase represents a deterioration.

Source: National Crop Insurance Services.

 
CROP-HAIL INSURANCE, 2002-2011
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($000)

Year Direct premiums written (1) Annual percent change Loss ratio (2) Annual point change
2002 $405,003 -6.6% 70 1 pt.
2003 422,137 4.2 56 -14
2004 427,567 1.3 58 2
2005 434,711 1.7 44 -14
2006 405,254 -6.8 50 6
2007 489,649 20.8 48 -2
2008 669,436 36.7 83 35
2009 621,322 -7.2 91 8
2010 682,188 9.8 67 -24
2011 843,802 23.7 116 49

(1) Before reinsurance transactions, total for all policyholders of crop-hail insurance.
(2) The percentage of each premium dollar spent on claims and associated costs. A drop in the loss ratio represents an improvement; an increase represents a deterioration.

Source: National Crop Insurance Services.

 
CROP-HAIL INSURANCE, 2003-2012
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($000)

Year Direct premiums written (1) Annual percent change Loss ratio (2) Annual point change
2003 $422,137 4.2% 56 -14 pts.
2004 427,567 1.3 58 2
2005 434,711 1.7 44 -14
2006 405,254 -6.8 50 6
2007 489,649 20.8 48 -2
2008 669,436 36.7 83 35
2009 621,322 -7.2 91 8
2010 682,188 9.8 67 -24
2011 843,801 23.7 116 49
2012 958,167 13.6 74 -42

(1) Before reinsurance transactions, total for all policyholders of crop-hail insurance.
(2) The percentage of each premium dollar spent on claims and associated costs. A drop in the loss ratio represents an improvement; an increase represents a deterioration.

Source: National Crop Insurance Services. 

 
CROP-HAIL INSURANCE, 2004-2013
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($000)

Year Direct premiums written (1) Annual percent change Loss ratio (2) Annual point change
2004 $427,567 1.3% 58 2 pts. 
2005 434,711 1.7 44 -14
2006 405,254 -6.8 50 6
2007 489,649 20.8 48 -2
2008 669,436 36.7 83 35
2009 621,322 -7.2 91 8
2010 682,188 9.8 67 -24
2011 843,801 23.7 116 49
2012 958,163 13.6 74 -42
2013 959,912 0.2 68 -6

(1) Before reinsurance transactions, total for all policyholders of crop-hail insurance.
(2) The percentage of each premium dollar spent on claims and associated costs. A drop in the loss ratio represents an improvement; an increase represents a deterioration.

Source: National Crop Insurance Services. 

 
CROP-HAIL INSURANCE, 2005-2014
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($000)

Year Direct premiums written (1) Annual percent change Loss ratio (2) Annual point change
2005 $434,711 1.7% 44 -14 pts.
2006 405,254 -6.8 50 6
2007 489,649 20.8 48 -2
2008 669,436 36.7 83 35
2009 621,322 -7.2 91 8
2010 682,188 9.8 67 -24
2011 843,801 23.7 116 49
2012 958,163 13.6 74 -42
2013 958,857 0.1 67 -7
2014 991,748 3.4 122 55

(1) Before reinsurance transactions, total for all policyholders of crop-hail insurance.
(2) The percentage of each premium dollar spent on claims and associated costs. A drop in the loss ratio represents an improvement; an increase represents a deterioration.

Source: National Crop Insurance Services. 

 
Crop-Hail Insurance, 2006-2015
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($000)

Year Direct premiums written (1) Annual percent change Loss ratio (2) Annual point change
2006 $405,254 -6.8% 50 6 pts.
2007 489,649 20.8 48 -2
2008 669,436 36.7 83 35
2009 621,322 -7.2 91 8
2010 682,188 9.8 67 -24
2011 843,801 23.7 116 49
2012 958,163 13.6 74 -42
2013 958,857 0.1 67 -7
2014 991,984 3.5 122 55
2015 979,703 -1.2 76 -46

(1) Before reinsurance transactions, total for all policyholders of crop-hail insurance.
(2) The percentage of each premium dollar spent on claims and associated costs. A drop in the loss ratio represents an improvement; an increase represents a deterioration.

Source: National Crop Insurance Services. 

 
Private Crop Insurance, 2014-2016
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($000)

Year Net premiums
written (1)		 Annual percent
change		 Combined ratio (2) Annual point
change (3)
2014 $582,817 NA 138.8 NA
2015 584,600 0.3% 146.2 7.3 pts.
2016 455,410 -22.1 122.3 -23.9

(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

 
Private Crop Insurance, 2014-2017
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($000)

Year Net premiums written (1) Annual percent change Combined Ratio (2) Annual point change (3)
2014 $582,817 NA 138.8 NA
2015 584,600 0.3% 146.2 7.3 pts.
2016 455,410 -22.1 122.3 -23.9
2017 498,804 9.5 66.6 -55.7

(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.

NA=Data not available.

Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.

 
Private Crop Insurance, 2014-2018
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($000)

Year Net premiums written (1) Annual percent change Combined ratio (2) Annual point change (3)
2014 $582,817 NA 138.8 NA
2015 584,600 0.3% 146.2  7.3 pts.
2016 455,410 -22.1 122.3 -23.9
2017 498,804 9.5 66.6 -55.7
2018 693,254 39.0 126.9 60.3

(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.

NA=Data not available.

Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.

 
Private Crop Insurance, 2014-2019
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($000)

Year Net premiums written (1) Annual percent change Combined ratio (2) Annual point change (3)
2014 $582,817 NA 138.8 NA
2015 584,600 0.3% 146.2 7.3 pts.
2016 455,410 -22.1 122.3 -23.9
2017 498,804 9.5 66.6 -55.7
2018 693,254 39.0 126.9 60.3
2019 686,589 -1.0 117.5 -9.4

(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.

NA=Data not available.

Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.

 
Private Crop Insurance, 2014-2020
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($000)

Year Net premiums
written (1)		 Annual percent
change		 Combined
ratio (2)		 Annual point
change (3)
2014 $582,817 NA 138.8 NA
2015 584,600 0.3% 146.2 7.3 pts.
2016 455,410 -22.1 122.3 -23.9
2017 498,804 9.5 66.6 -55.7
2018 693,254 39.0 126.9 60.3
2019 686,589 -1.0 117.5 -9.4
2020 623,991 -9.1 146.9 29.5

(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.

NA=Data not available.

Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.

 
Private Crop Insurance, 2014-2021
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($000)

Year Net premiums
written (1)		 Annual percent
change		 Combined
ratio (2)		 Annual point
change (3)
2014 $582,817 NA 138.8 NA
2015 584,600 (4) 146.2 7.3 pts.
2016 455,410 -22.1% 122.3 -23.9
2017 498,804 9.5 66.6 -55.7
2018 693,254 39.0 126.9 60.3
2019 686,589 -1.0 117.5 -9.4
2020 623,991 -9.1 146.9 29.5
2021 711,226 14.0 121.9 -25.0

(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.
(4) Less than 0.1 percent.

NA=Data not available.

Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.

 
Private Crop Insurance, 2014-2022
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($000)

Year Net premiums
written (1)		 Annual percent
change		 Combined
ratio (2)		 Annual point
change (3)
2014 $582,817 NA 138.8 NA
2015 584,600 (4) 146.2 7.3 pts.
2016 455,410 -22.1% 122.3 -23.9
2017 498,804 9.5 66.6 -55.7
2018 693,254 39.0 126.9 60.3
2019 686,589 -1.0 117.5 -9.4
2020 623,991 -9.1 146.9 29.5
2021 711,226 14.0 122.0 -25.0
2022 843,076 18.5 113.3 -8.7

(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.
(4) Less than 0.1 percent.

NA=Data not available.

Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.