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Current Table

Incurred Losses for Auto Insurance, 2019-2023 (1)

($000)

  2019 2020 2021 2022 2023
Private passenger auto          
     Liability $96,168,238 $81,627,769 $95,420,729 $118,106,320 $125,667,607
     Physical damage 62,628,495 54,659,175 73,802,318 91,033,128 95,379,195
Commercial auto          
     Liability 20,362,671 19,279,909 21,008,709 26,227,343 30,298,647
     Physical damage 5,389,667 4,824,642 5,779,487 7,669,261 8,219,219
Total $184,549,071 $160,391,495 $196,011,243 $243,036,052 $259,564,668

(1) Losses occurring within a fixed period, whether or not adjusted or paid during the same period, after reinsurance transactions.

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

 
INCURRED LOSSES FOR AUTO INSURANCE, 2004-2008 (1)

($000)

  2004 2005 2006 2007 2008
Private passenger liability $56,317,831 $57,188,070 $56,042,557 $59,760,630 $60,812,243
Private passenger
physical damage
34,239,353 36,762,455 36,151,913 37,541,418 39,188,442
Commercial auto liability 10,809,661 10,373,070 10,746,727 10,079,010 9,955,320
Commercial auto
physical damage
3,355,650 3,508,189 3,583,802 3,523,677 3,498,041
Total $104,722,495 $107,831,784 $106,524,999 $110,904,735 $113,454,046

(1) Losses occuring within a fixed period, whether or not adjusted or paid during the same period, on a direct basis before reinsurance.

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.

 
INCURRED LOSSES FOR AUTO INSURANCE, 2005-2009 (1)

($000)

  2005 2006 2007 2008 2009
Private passenger liability $57,164,750 $56,021,405 $59,828,548 $60,781,574 $62,792,944
Private passenger
physical damage
36,764,390 36,203,926 37,506,667 39,187,993 36,648,185
Commercial auto liability 10,593,329 10,491,838 10,069,874 9,963,955 9,347,416
Commercial auto
physical damage
3,508,904 3,528,543 3,520,129 3,501,646 3,015,850
Total $108,031,373 $106,245,712 $110,925,218 $113,435,168 $111,804,395

(1) Losses occuring within a fixed period, whether or not adjusted or paid during the same period, on a direct basis before reinsurance.

Source: SNL Financial LC.

 
INCURRED LOSSES FOR AUTO INSURANCE, 2006-2010 (1)

($000)

  2006 2007 2008 2009 2010
Private passenger liability $56,021,405 $59,828,548 $60,781,574 $62,801,946 $64,108,535
Private passenger physical damage 36,203,926 37,506,667 39,187,993 36,650,410 36,447,401
Commercial auto liability 10,491,838 10,069,874 9,963,951 9,347,416 8,796,066
Commercial auto physical damage 3,528,543 3,520,129 3,501,646 3,015,850 2,910,161
Total $106,245,712 $110,925,218 $113,435,164 $111,815,622 $112,262,163

(1) Losses occuring within a fixed period, whether or not adjusted or paid during the same period, on a direct basis before reinsurance.

Source: SNL Financial LC.

 
INCURRED LOSSES FOR AUTO INSURANCE, 2007-2011 (1)

($000)

  2007 2008 2009 2010 2011
Private passenger liability $59,828,548 $60,781,574 $62,801,946 $64,109,902 $64,293,114
Private passenger physical damage 37,506,571 39,187,976 36,650,410 36,453,115 40,592,433
Commercial auto liability 10,069,874 9,963,951 9,347,416 8,801,717 9,357,088
Commercial auto physical damage 3,520,129 3,501,646 3,015,850 2,910,920 3,166,942
Total $110,925,122 $113,435,147 $111,815,622 $112,275,654 $117,409,577

(1) Losses occurring within a fixed period, whether or not adjusted or paid during the same period, on a direct basis before reinsurance.

Source: SNL Financial LC.

 
INCURRED LOSSES FOR AUTO INSURANCE, 2008-2012 (1)

($000)

  2008 2009 2010 2011 2012
Private passenger auto          
     Liability $60,806,847 $63,448,211 $64,110,267 $64,310,776 $65,018,837
     Physical damage 39,189,255 36,497,330 36,454,102 40,589,159 41,261,719
Commercial auto          
     Liability 9,956,316 9,345,288 8,798,119 9,363,647 10,513,434
     Physical damage 3,498,383 3,005,162 2,911,013 3,164,880 3,250,715
Total $113,450,801 $112,295,991 $112,273,501 $117,428,462 $120,044,705

(1) Losses occurring within a fixed period, whether or not adjusted or paid during the same period, after reinsurance transactions.

Source: SNL Financial LC.

 
INCURRED LOSSES FOR AUTO INSURANCE, 2009-2013 (1)

($000)

  2009 2010 2011 2012 2013
Private passenger auto          
     Liability $63,448,211 $64,110,267 $64,310,776 $65,135,976 $67,879,783
     Physical damage 36,497,330 36,454,102 40,589,159 41,275,620 41,754,269
Commercial auto          
     Liability 9,345,288 8,798,119 9,363,647 10,515,806 11,302,794
     Physical damage 3,005,162 2,911,013 3,164,880 3,250,740 3,255,581
Total $112,295,991 $112,273,501 $117,428,462 $120,178,142 $124,192,427

(1) Losses occurring within a fixed period, whether or not adjusted or paid during the same period, after reinsurance transactions.

Source: SNL Financial LC.

 
INCURRED LOSSES FOR AUTO INSURANCE, 2010-2014 (1)

($000)

  2010 2011 2012 2013 2014
Private passenger auto          
     Liability $64,110,267 $64,310,776 $65,135,976 $67,879,783 $72,027,357
     Physical damage 36,454,102 40,589,159 41,275,620 41,754,861 45,313,540
Commercial auto          
     Liability 8,798,119 9,363,647 10,515,806 11,305,679 11,933,884
     Physical damage 2,911,013 3,164,880 3,250,740 3,255,581 3,627,601
Total $112,273,501 $117,428,462 $120,178,142 $124,195,904 $132,902,382

(1) Losses occurring within a fixed period, whether or not adjusted or paid during the same period, after reinsurance transactions.

Source: SNL Financial LC.

 
Incurred Losses For Auto Insurance, 2011-2015 (1)

($000)

  2011 2012 2013 2014 2015
Private passenger auto          
     Liability $64,310,776 $65,135,976 $67,879,783 $72,050,778 $79,098,617
     Physical damage 40,589,159 41,275,620 41,754,861 45,308,112 48,564,511
Commercial auto          
     Liability 9,363,647 10,515,806 11,305,714 11,939,881 13,584,614
     Physical damage 3,164,880 3,250,740 3,255,570 3,645,335 3,902,124
Total $117,428,462 $120,178,142 $124,195,928 $132,944,106 $145,149,866

(1) Losses occurring within a fixed period, whether or not adjusted or paid during the same period, after reinsurance transactions.

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

 
Incurred Losses For Auto Insurance, 2012-2016 (1)

($000)

  2012 2013 2014 2015 2016
Private passenger auto          
     Liability $65,135,976 $67,879,783 $72,050,778 $79,098,617 $88,242,895
     Physical damage 41,275,620 41,754,861 45,308,112 48,564,511 55,737,404
Commercial auto          
     Liability 10,515,806 11,305,714 11,939,881 13,587,152 14,983,039
     Physical damage 3,250,740 3,255,570 3,645,335 3,902,124 4,275,518
Total $120,178,142 $124,195,928 $132,944,106 $145,152,404 $163,238,856

(1) Losses occurring within a fixed period, whether or not adjusted or paid during the same period on a direct basis before reinsurance.

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

 
Incurred Losses For Auto Insurance, 2013-2017 (1)

($000)

  2013 2014 2015 2016 2017
Private passenger auto          
     Liability $67,879,783 $72,008,280 $79,098,617 $88,249,238 $90,495,283
     Physical damage 41,754,861 45,301,757 48,564,511 55,738,221 57,052,411
Commercial auto          
     Liability 11,305,714 11,957,182 13,587,152 14,987,073 15,519,716
     Physical damage 3,255,570 3,645,335 3,902,124 4,279,414 4,874,748
Total $124,195,928 $132,912,554 $145,152,404 $163,253,946 $167,942,158

(1) Losses occurring within a fixed period, whether or not adjusted or paid during the same period on a direct basis before reinsurance.

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

 
Incurred Losses For Auto Insurance, 2014-2018 (1)

($000)

  2014 2015 2016 2017 2018
Private passenger auto          
     Liability $72,008,280 $79,098,617 $88,249,238 $90,495,835 $91,726,649
     Physical damage 45,301,757 48,564,511 55,738,221 57,052,411 58,763,318
Commercial auto          
     Liability 11,957,182 13,587,152 14,987,073 15,528,570 17,774,673
     Physical damage 3,645,335 3,902,124 4,279,414 4,874,748 4,993,846
Total $132,912,554 $145,152,404 $163,253,946 $167,951,564 $173,258,486

(1) Losses occurring within a fixed period, whether or not adjusted or paid during the same period, after reinsurance transactions.

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

 
Incurred Losses For Auto Insurance, 2015-2019 (1)

($000)

  2015 2016 2017 2018 2019
Private passenger auto          
     Liability $79,098,617 $88,249,238 $90,495,835 $91,736,331 $96,189,924
     Physical damage 48,564,511 55,738,221 57,052,411 58,766,743 62,637,686
Commercial auto          
     Liability 13,587,152 14,987,073 15,528,570 17,810,709 20,434,568
     Physical damage 3,902,124 4,279,414 4,874,748 4,999,100 5,407,130
Total $145,152,404 $163,253,946 $167,951,564 $173,312,883 $184,669,308

(1) Losses occurring within a fixed period, whether or not adjusted or paid during the same period, after reinsurance transactions.

Source: NAIC data, sourced from S&P Global Market Intelligence

 
Incurred Losses For Auto Insurance, 2016-2020 (1)

($000)

  2016 2017 2018 2019 2020
Private passenger auto          
     Liability $88,249,238 $90,495,835 $91,736,331 $96,191,310 $81,618,462
     Physical damage 55,738,221 57,052,411 58,766,743 62,638,267 54,683,622
Commercial auto          
     Liability 14,987,073 15,528,570 17,810,709 20,435,099 19,313,224
     Physical damage 4,279,414 4,874,748 4,999,100 5,407,130 4,813,211
Total $163,253,946 $167,951,564 $173,312,883 $184,671,806 $160,428,519

(1) Losses occurring within a fixed period, whether or not adjusted or paid during the same period, after reinsurance transactions.

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

 
Incurred Losses For Auto Insurance, 2017-2021 (1)

($000)

  2017 2018 2019 2020 2021
Private passenger auto          
     Liability $90,495,835 $91,736,331 $96,183,910 $81,622,205 $96,104,094
     Physical damage 57,052,411 58,766,743 62,636,230 54,684,358 73,846,463
Commercial auto          
     Liability 15,528,570 17,810,709 20,402,267 19,315,713 21,110,314
     Physical damage 4,874,748 $4,999,100 5,395,145 4,813,714 5,766,122
Total $167,951,564 $173,312,883 $184,617,552 $160,435,990 $196,826,993

(1) Losses occurring within a fixed period, whether or not adjusted or paid during the same period, after reinsurance transactions.

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

 
Incurred Losses For Auto Insurance, 2018-2022 (1)

($000)

  2018 2019 2020 2021 2022
Private passenger auto          
     Liability $91,736,331 $96,183,910 $81,622,211 $96,103,658 $117,875,684
     Physical damage 58,766,743 62,636,230 54,684,357 73,849,765 91,020,987
Commercial auto          
     Liability 17,810,709 20,402,267 19,315,713 21,125,756 26,341,725
     Physical damage 4,999,100 5,395,145 4,813,714 5,771,405 7,692,547
Total $173,312,883 $184,617,552 $160,435,995 $196,850,584 $242,930,943

(1) Losses occurring within a fixed period, whether or not adjusted or paid during the same period, after reinsurance transactions.

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