PRODUCTS LIABILITY INSURANCE, 1999-2008
1999 |
$1,586,915 |
-2.4% |
159.1 |
NA |
2000 |
1,413,984 |
-10.9 |
130.7 |
-28.4 pts. |
2001 |
2,035,893 |
44.0 |
213.8 |
83.1 |
2002 |
1,787,544 |
-12.2 |
354.9 |
141.2 |
2003 |
2,726,599 |
52.5 |
165.8 |
-189.1 |
2004 |
3,401,867 |
24.8 |
152.4 |
-13.4 |
2005 |
3,561,261 |
4.7 |
130.9 |
-21.5 |
2006 |
3,621,669 |
1.7 |
77.8 |
-53.2 |
2007 |
3,305,603 |
-8.7 |
101.2 |
23.5 |
2008 |
2,777,558 |
-16.0 |
124.0 |
22.8 |
|
(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 data.
NA=Data not available.
Source: National Association of Insurance Commissioners (NAIC) Annual Statement Database, via Highline Data, LLC. Copyrighted information. No portion of this work may be copied or redistributed without the express written permission of Highline Data, LLC.
PRODUCTS LIABILITY INSURANCE, 2000-2009
2000 |
$1,404,819 |
-11.0% |
133.5 |
-23.6 pts. |
2001 |
2,006,433 |
42.8 |
215.2 |
81.7 |
2002 |
1,776,434 |
-11.5 |
354.9 |
139.7 |
2003 |
2,711,952 |
52.7 |
167.1 |
-187.7 |
2004 |
3,364,997 |
24.1 |
153.1 |
-14.0 |
2005 |
3,525,584 |
4.8 |
124.2 |
-29.0 |
2006 |
3,616,544 |
2.6 |
84.8 |
-39.4 |
2007 |
3,304,030 |
-8.6 |
101.4 |
16.7 |
2008 |
2,777,568 |
-15.9 |
124.9 |
23.5 |
2009 |
2,365,985 |
-14.8 |
123.0 |
-1.9 |
|
(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 data.
Source: SNL Financial LC.
PRODUCTS LIABILITY INSURANCE, 2001-2010
2001 |
$2,017,277 |
43.6% |
214.9 |
81.4 pts. |
2002 |
1,776,434 |
-11.9 |
354.9 |
140.0 |
2003 |
2,711,952 |
52.7 |
167.1 |
-187.7 |
2004 |
3,364,997 |
24.1 |
153.1 |
-14.0 |
2005 |
3,525,584 |
4.8 |
124.2 |
-29.0 |
2006 |
3,616,544 |
2.6 |
84.8 |
-39.4 |
2007 |
3,304,030 |
-8.6 |
101.4 |
16.7 |
2008 |
2,777,568 |
-15.9 |
124.9 |
23.4 |
2009 |
2,365,986 |
-14.8 |
123.0 |
-1.9 |
2010 |
2,050,510 |
-13.3 |
157.1 |
34.1 |
|
(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 data.
Source: SNL Financial LC.
PRODUCTS LIABILITY INSURANCE, 2002-2011
2002 |
$1,776,434 |
-11.9% |
354.9 |
140.0 pts. |
2003 |
2,711,952 |
52.7 |
167.1 |
-187.7 |
2004 |
3,364,997 |
24.1 |
153.1 |
-14.0 |
2005 |
3,525,584 |
4.8 |
124.2 |
-29.0 |
2006 |
3,616,544 |
2.6 |
84.8 |
-39.4 |
2007 |
3,304,030 |
-8.6 |
101.4 |
16.7 |
2008 |
2,777,568 |
-15.9 |
124.9 |
23.4 |
2009 |
2,365,986 |
-14.8 |
123.0 |
-1.9 |
2010 |
2,050,510 |
-13.3 |
157.1 |
34.1 |
2011 |
2,320,518 |
13.2 |
158.8 |
1.7 |
|
(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 data.
Source: SNL Financial LC.
PRODUCTS LIABILITY INSURANCE, 2003-2012
2003 |
$2,726,599 |
51.7% |
165.8 |
-187.5 pts. |
2004 |
3,401,867 |
24.8 |
152.4 |
-13.5 |
2005 |
3,546,009 |
4.2 |
131.1 |
-21.3 |
2006 |
3,621,671 |
2.1 |
77.8 |
-53.3 |
2007 |
3,265,035 |
-9.8 |
99.8 |
22.0 |
2008 |
2,777,587 |
-14.9 |
124.0 |
24.2 |
2009 |
2,365,681 |
-14.8 |
124.0 |
(4) |
2010 |
2,050,619 |
-13.3 |
157.1 |
33.1 |
2011 |
2,320,540 |
13.2 |
160.0 |
2.9 |
2012 |
2,546,403 |
9.7 |
100.4 |
-59.6 |
|
(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 point.
Source: SNL Financial LC.
PRODUCTS LIABILITY INSURANCE, 2004-2013
Year |
Net premiums
written (1) |
Annual percent
change |
Combined ratio (2) |
Annual point
change (3) |
2004 |
$3,401,867 |
24.8% |
152.4 |
-13.5 pts. |
2005 |
3,546,009 |
4.2 |
131.1 |
-21.3 |
2006 |
3,621,671 |
2.1 |
77.8 |
-53.3 |
2007 |
3,265,035 |
-9.8 |
99.8 |
22.0 |
2008 |
2,777,587 |
-14.9 |
124.0 |
24.2 |
2009 |
2,365,681 |
-14.8 |
124.0 |
(4) |
2010 |
2,050,619 |
-13.3 |
157.1 |
33.1 |
2011 |
2,320,540 |
13.2 |
160.0 |
2.9 |
2012 |
2,575,225 |
11.0 |
102.7 |
-57.3 |
2013 |
2,718,879 |
5.6 |
155.3 |
52.6 |
|
(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 point.
Source: SNL Financial LC.
PRODUCT LIABILITY INSURANCE, 2005-2014
Year |
Net premiums written (1) |
Annual percent change |
Combined ratio (2) |
Annual point change (3) |
2005 |
$3,546,009 |
4.2% |
131.1 |
-21.3 pts. |
2006 |
3,621,671 |
2.1 |
77.8 |
-53.3 |
2007 |
3,265,035 |
-9.8 |
99.8 |
22.0 |
2008 |
2,777,587 |
-14.9 |
124.0 |
24.2 |
2009 |
2,365,681 |
-14.8 |
124.0 |
(4) |
2010 |
2,050,619 |
-13.3 |
157.1 |
33.1 |
2011 |
2,320,540 |
13.2 |
160.0 |
2.9 |
2012 |
2,575,225 |
11.0 |
102.7 |
-57.3 |
2013 |
2,718,879 |
5.6 |
155.3 |
52.6 |
2014 |
2,674,183 |
-1.6 |
138.5 |
-16.8 |
|
(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 data.
(4) Less than 0.1 point.
Source: SNL Financial LC.
Product Liability Insurance, 2006-2015
Year |
Net premiums written (1) |
Annual percent change |
Combined ratio (2) |
Annual point change (3) |
2006 |
$3,621,671 |
2.1% |
77.8 |
-53.3 pts. |
2007 |
3,265,035 |
-9.8 |
99.8 |
22.0 |
2008 |
2,777,587 |
-14.9 |
124.0 |
24.2 |
2009 |
2,365,681 |
-14.8 |
124.0 |
(4) |
2010 |
2,050,619 |
-13.3 |
157.1 |
33.1 |
2011 |
2,320,540 |
13.2 |
160.0 |
2.9 |
2012 |
2,575,225 |
11.0 |
102.7 |
-57.3 |
2013 |
2,718,879 |
5.6 |
155.3 |
52.6 |
2014 |
2,674,183 |
-1.6 |
138.4 |
-16.8 |
2015 |
2,796,758 |
4.6 |
130.6 |
-7.8 |
|
(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 data.
(4) Less than 0.1 point.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.
Product Liability Insurance, 2007-2016
Year |
Net premiums written (1) |
Annual percent change |
Combined ratio (2) |
Annual point change (3) |
2007 |
$3,265,035 |
-9.8% |
99.8 |
22.0 pts. |
2008 |
2,777,587 |
-14.9 |
124.0 |
24.2 |
2009 |
2,365,681 |
-14.8 |
124.0 |
(4) |
2010 |
2,050,619 |
-13.3 |
157.1 |
33.1 |
2011 |
2,320,540 |
13.2 |
160.0 |
2.9 |
2012 |
2,575,225 |
11.0 |
102.7 |
-57.3 |
2013 |
2,718,879 |
5.6 |
155.3 |
52.6 |
2014 |
2,674,183 |
-1.6 |
138.4 |
-16.8 |
2015 |
2,796,761 |
4.6 |
130.6 |
-7.8 |
2016 |
2,422,619 |
-13.4 |
124.1 |
-6.5 |
|
(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.
(4) Less than 0.1 point.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.
Product Liability Insurance, 2008-2017
Year |
Net premiums written (1) |
Annual percent change |
Combined ratio (2) |
Annual point change (3) |
2008 |
$2,777,587 |
-14.9% |
124.0 |
24.2 pts. |
2009 |
2,365,681 |
-14.8 |
124.0 |
(4) |
2010 |
2,050,619 |
-13.3 |
157.1 |
33.1 |
2011 |
2,320,540 |
13.2 |
160.0 |
2.9 |
2012 |
2,575,225 |
11.0 |
102.7 |
-57.3 |
2013 |
2,718,879 |
5.6 |
155.3 |
52.6 |
2014 |
2,674,183 |
-1.6 |
134.4 |
-20.9 |
2015 |
2,796,761 |
4.6 |
130.6 |
-3.7 |
2016 |
2,422,721 |
-13.4 |
124.1 |
-6.5 |
2017 |
2,689,115 |
11.0 |
102.1 |
-22.0 |
|
(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 point.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.
Products Liability Insurance, 2009-2018
Year |
Net premiums written (1) |
Annual percent change |
Combined ratio (2) |
Annual point change (3) |
2009 |
$2,365,681 |
-14.8% |
124.0 |
(4) |
2010 |
2,050,619 |
-13.3 |
157.1 |
33.1 pts. |
2011 |
2,320,540 |
13.2 |
160.0 |
2.9 |
2012 |
2,575,225 |
11.0 |
102.7 |
-57.3 |
2013 |
2,718,879 |
5.6 |
155.3 |
52.6 |
2014 |
2,674,183 |
-1.6 |
134.4 |
-20.9 |
2015 |
2,796,761 |
4.6 |
130.6 |
-3.7 |
2016 |
2,422,721 |
-13.4 |
124.1 |
-6.5 |
2017 |
2,689,115 |
11.0 |
102.1 |
-22.0 |
2018 |
2,790,125 |
3.8 |
122.4 |
20.3 |
|
(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.
(4) Less than 0.1 point.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.
Product Liability Insurance, 2010-2019
Year |
Net premiums written (1) |
Annual percent change |
Combined ratio (2) |
Annual point change (3) |
2010 |
$2,050,619 |
-13.3% |
157.1 |
33.1 pts. |
2011 |
2,320,540 |
13.2 |
160.0 |
2.9 |
2012 |
2,575,225 |
11.0 |
102.7 |
-57.3 |
2013 |
2,718,879 |
5.6 |
155.3 |
52.6 |
2014 |
2,674,183 |
-1.6 |
134.4 |
-20.9 |
2015 |
2,796,761 |
4.6 |
130.6 |
-3.7 |
2016 |
2,422,721 |
-13.4 |
124.1 |
-6.5 |
2017 |
2,689,115 |
11.0 |
102.1 |
-22.0 |
2018 |
2,794,716 |
3.9 |
122.3 |
20.2 |
2019 |
3,018,938 |
8.0 |
107.6 |
-14.7 |
|
(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.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.
Product Liability Insurance, 2011-2020
Year |
Net premiums
written (1) |
Annual percent
change |
Combined
ratio (2) |
Annual point
change (3) |
2011 |
$2,320,540 |
13.2% |
160.0 |
2.9 pts. |
2012 |
2,575,225 |
11.0 |
102.7 |
-57.3 |
2013 |
2,718,879 |
5.6 |
155.3 |
52.6 |
2014 |
2,674,183 |
-1.6 |
134.4 |
-20.9 |
2015 |
2,796,761 |
4.6 |
130.6 |
-3.7 |
2016 |
2,422,721 |
-13.4 |
124.1 |
-6.5 |
2017 |
2,689,115 |
11.0 |
102.1 |
-22.0 |
2018 |
2,794,716 |
3.9 |
122.3 |
20.2 |
2019 |
3,019,134 |
8.0 |
107.6 |
-14.7 |
2020 |
3,239,063 |
7.3 |
88.2 |
-19.4 |
|
(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.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.
Product Liability Insurance, 2012-2021
Year |
Net premiums
written (1) |
Annual percent
change |
Combined
ratio (2) |
Annual point
change (3) |
2012 |
$2,575,225 |
11.0% |
102.7 |
-57.3 pts. |
2013 |
2,718,879 |
5.6 |
155.3 |
52.6 |
2014 |
2,674,183 |
-1.6 |
134.4 |
-20.9 |
2015 |
2,796,761 |
4.6 |
130.6 |
-3.7 |
2016 |
2,422,721 |
-13.4 |
124.1 |
-6.5 |
2017 |
2,689,115 |
11.0 |
102.1 |
-22.0 |
2018 |
2,794,716 |
3.9 |
122.3 |
20.2 |
2019 |
3,017,099 |
8.0 |
108.5 |
-13.8 |
2020 |
3,239,063 |
7.3 |
88.2 |
-20.3 |
2021 |
3,353,494 |
3.5 |
101.1 |
12.8 |
|
(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 data.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.
Product Liability Insurance, 2013-2022
Year |
Net premiums
written (1) |
Annual percent
change |
Combined
ratio (2) |
Annual point
change (3) |
2013 |
$2,718,879 |
5.6% |
155.3 |
52.6 pts. |
2014 |
2,674,183 |
-1.6 |
134.4 |
-20.9 |
2015 |
2,796,761 |
4.6 |
130.6 |
-3.7 |
2016 |
2,422,721 |
-13.4 |
124.1 |
-6.5 |
2017 |
2,689,115 |
11.0 |
102.1 |
-22.0 |
2018 |
2,794,716 |
3.9 |
122.3 |
20.2 |
2019 |
3,017,099 |
8.0 |
108.5 |
-13.8 |
2020 |
3,239,063 |
7.3 |
88.2 |
-20.3 |
2021 |
3,561,020 |
9.9 |
100.5 |
12.2 |
2022 |
4,293,616 |
20.6 |
89.5 |
-11.0 |
|
(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.
Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.