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Current Table

Directors and Officers Insurance, 2014-2023 (1)

($000)

Year Direct premiums written (2) Annual percent change Direct losses incurred Direct incurred loss ratio
2014 6,011,507 7.0% 2,946,624 49.3%
2015 6,431,789 0.0 3,111,923 57.5
2016 6,429,310 0.1 3,690,204 55.7
2017 6,434,858 0.3 3,542,336 62.4
2018 6,456,990 -1.0 3,990,125 62.8
2019 6,390,730 19.7 3,938,349 60.0
2020 7,649,716 40.9 4,131,819 60.9
2021 10,779,884 38.5 5,445,959 54.7
2022 14,930,820 -9.1 7,055,051 58.5
2023 13,565,951 -15.1 8,481,879 50.7

(1) Includes property/casualty insurers that provided monoline directors and officers policies. The coverage may also be purchased as part of a package commercial multiperil policy. Does not include directors and officers policies sold as part of a package commercial multiperil policy. The directors and officers portion of commercial multiperil policies does not represent a material amount of industry directors and officers premiums written.
(2) Before reinsurance transactions.
(3) Less than 0.1 percent.

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

 
Directors and Officers Insurance, 2011-2018 (1)

($000)

  Direct premiums written (2) Annual percent change Direct losses incurred Direct incurred loss ratio
2011 $5,309 NA $2,781 51.0%
2012 5,674 6.9% 2,735 48.8
2013 6,012 5.9 2,947 50.0
2014 6,432 7.0 3,112 49.3
2015 6,429 (3) 3,690 57.5
2016 6,435 0.1 3,542 55.7
2017 6,457 0.3 3,990 62.4
2018 6,391 -1.0 3,938 62.8

(1) Includes property/casualty insurers that provided monoline directors and officers policies. The coverage may also be purchased as part of a package commercial multiperil policy. Does not include directors and officers policies sold as part of a package commercial multiperil policy. The directors and officers portion of commercial multiperil policies does not represent a material amount of industry directors and officers premiums written.
(2) Before reinsurance transactions.
(3) Less than 0.1 percent.

NA=Data not available.

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

 
Directors and Officers Insurance, 2011-2019 (1)

($000)

Year Direct premiums written (2) Annual percent change Direct losses incurred Direct incurred loss ratio
2011 $5,309 NA $2,781 51.0%
2012 5,674 6.9% 2,735 48.8
2013 6,012 5.9 2,947 50.0
2014 6,432 7.0 3,112 49.3
2015 6,429 (3) 3,690 57.5
2016 6,435 0.1 3,542 55.7
2017 6,457 0.3 3,990 62.4
2018 6,391 -1.0 3,938 62.8
2019 7,641 19.6 4,129 60.0

(1) Includes property/casualty insurers that provided monoline directors and officers policies. The coverage may also be purchased as part of a package commercial multiperil policy. Does not include directors and officers policies sold as part of a package commercial multiperil policy. The directors and officers portion of commercial multiperil policies does not
represent a material amount of industry directors and officers premiums written.
(2) Before reinsurance transactions.
(3) Less than 0.1 percent.

NA=Data not available.

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

 
Directors and Officers Insurance, 2011-2020 (1)

($000)

Year Direct premiums written (2) Annual percent change Direct losses incurred Direct incurred loss ratio
2011 $5,309 NA $2,781 51.0%
2012 5,674 6.9% 2,735 48.8
2013 6,012 5.9 2,947 50.0
2014 6,432 7.0 3,112 49.3
2015 6,429 (3) 3,690 57.5
2016 6,435 0.1 3,542 55.7
2017 6,457 0.3 3,990 62.4
2018 6,391 -1.0 3,938 62.8
2019 7,650 19.7 4,132 60.0
2020 10,780 40.9 5,446 60.9

(1) Includes property/casualty insurers that provided monoline directors and officers policies. The coverage may also be purchased as part of a package commercial multiperil policy. Does not include directors and officers policies sold as part of a package commercial multiperil policy. The directors and officers portion of commercial multiperil policies does not represent a material amount of industry directors and officers premiums written.
(2) Before reinsurance transactions.
(3) Less than 0.1 percent.

NA=Data not available.

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

 
Directors and Officers Insurance, 2012-2021 (1)

($000)

Year Direct premiums written (2) Annual percent change Direct losses incurred Direct incurred loss ratio
2012 $5,674 6.9% $2,735 48.8%
2013 6,012 5.9 2,947 50.0
2014 6,432 7.0 3,112 49.3
2015 6,429 (3) 3,690 57.5
2016 6,435 0.1 3,542 55.7
2017 6,457 0.3 3,990 62.4
2018 6,391 -1.0 3,938 62.8
2019 7,650 19.7 4,132 60.0
2020 10,780 40.9 5,446 60.9
2021 14,931 38.5 7,055 54.7

(1) Includes property/casualty insurers that provided monoline directors and officers policies. The coverage may also be purchased as part of a package commercial multiperil policy. Does not include directors and officers policies sold as part of a package commercial multiperil policy. The directors and officers portion of commercial multiperil policies does not represent a material amount of industry directors and officers premiums written.
(2) Before reinsurance transactions.
(3) Less than 0.1 percent.

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

 
Directors and Officers Insurance, 2013-2022 (1)

 

Year Direct premiums written (2) Annual percent change Direct losses incurred Direct incurred loss ratio
2013 $6,012 5.9% $2,947 50.0%
2014 6,432 7.0 3,112 49.3
2015 6,429 (3) 3,690 57.5
2016 6,435 0.1 3,542 55.7
2017 6,457 0.3 3,990 62.4
2018 6,391 -1.0 3,938 62.8
2019 7,650 19.7 4,132 60.0
2020 10,780 40.9 5,446 60.9
2021 14,931 38.5 7,055 54.7
2022 13,552 -9.2 8,466 58.5

(1) Includes property/casualty insurers that provided monoline directors and officers policies. The coverage may also be purchased as part of a package commercial multiperil policy. Does not include directors and officers policies sold as part of a package commercial multiperil policy. The directors and officers portion of commercial multiperil policies does not represent a material amount of industry directors and officers premiums written.
(2) Before reinsurance transactions.
(3) Less than 0.1 percent.

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