Industry Data

All Business 12 months to September

Year-End20112012201320142015
Gross Written Premium ($)3,979,548,0544,448,725,1964,770,148,6735,258,213,4775,260,803,452
Net Written Premium ($)3,179,010,9723,462,270,4453,652,556,3604,018,404,4583,880,463,935
Net Earned Premium ($)2,962,014,3743,247,031,7583,506,529,3513,912,441,1623,895,768,305
Claims Incurred ($)3,311,871,2922,206,076,8412,174,942,3922,350,393,4252,546,016,620
Loss Ratio (%)111.81%67.94%62.03%60.07%65.35%
Business Costs (Staff etc) ($)1,023,410,1081,006,100,0701,200,746,6021,315,241,9751,367,165,689
Combined Ratio (%)146.36%98.93%96.27%93.69%100.45%

Commercial Material Damage and Business Interruption 12 months to September

Year-End20112012201320142015
Gross Written Premium ($)502,455,302 589,915,428598,432,282684,399,324687,192,670
Net Written Premium ($)292,078,059 306,669,880325,879,410369,583,445346,431,648
Net Earned Premium ($)280,155,525276,305,711322,693,671358,734,362369,677,595
Claims Incurred ($)155,895,787180,993,407192,309,752227,168,439208,771,487
Loss Ratio (%)55.65%65.50%59.60%63.32%56.47%

Domestic Buildings and Contents 12 months to September

Year-End20112012201320142015
Gross Written Premium ($)1,052,270,2231,170,172,5331,342,027,8811,477,326,9751,522,053,535
Net Written Premium ($)904,836,784963,207,4011,082,408,5181,219,945,7381,210,698,365
Net Earned Premium ($)826,974,807898,261,1661,002,937,3561,168,935,3641,186,680,158
Claims Incurred ($)515,234,420532,924,232582,828,477609,645,684634,005,780
Loss Ratio (%)62,30%59.33%58.11%52.15%53.43%

Motor Commercial and Private 12 months to September

Year-End20112012201320142015
Gross Written Premium ($)1,339,829,5311,355,055,4821,410,050,9051,509,389,4171,564,349,422
Net Written Premium ($)1,319,857,9901,335,018,6681,393,761,8281,487,114,1691,477,793,120
Net Earned Premium ($)1,265,751,0601,308,806,9481,366,159,7131,441,718,2271,444,274,566
Claims Incurred ($)824,763,162831,303,537886,385,444951,461,0761,003,957,760
Loss Ratio (%) 65.16%63.52%64.88%65.99%69.51%

Marine Hull and Cargo 12 months to September

Year-End20112012201320142015
Gross Written Premium ($)125,403,642144,329,385137,235,745140,528,421137,394,192
Net Written Premium ($)95,310,182113,845,851112,054,232116,508,142107,813,364
Net Earned Premium ($)93,872,738106,131,028111,737,383118,685,913108,805,543
Claims Incurred ($)59,722,860 68,334,66947,759,99456,416,38654,977,363
Loss Ratio (%) 63.62%64.39%42.74%47.53%50.53%

Liability Professional & Defamation, Directors & Officers and Public Product & Other 12 months to September

Year-End20112012201320142015
Gross Written Premium ($)313,644,264337,991,478368,972,214457,406,090468,311,462
Net Written Premium ($)269,481,979271,017,729292,977,466345,109,879338,478,576
Net Earned Premium ($)261,188,903264,165,039284,297,206329,383,275339,225,156
Claims Incurred ($)127,512,090116,058,093119,499,270101,971,75678,081,999
Loss Ratio (%) 48.82%43.93%42.03%30.96%23.02%

Earthquake Domestic, Commercial M.D., Business Interruption and Marine Cargo 12 months to September

Year-End20112012201320142015
Gross Written Premium ($)350,256,361548,513,318608,686,700642,638,358560,528,347
Net Written Premium ($)69,248,376249,950,471221,723,316263,734,316226,368,484
Net Earned Premium ($)4,796,126170,848,763198,612,059268,276,192261,986,321
Claims Incurred ($)1,494,617,694 344,794,781228,581,132291,746,108457,937,219
Loss Ratio (%)31163.02%201.81%115.09%108.75%174.79%

Other Personal Accident, Travel, Livestock and Other 12 months to September

Year-End20112012201320142015
Gross Written Premium ($)295,688,731302,747,572304,742,946346,524,892320,973,824
Net Written Premium ($)228,197,602222,560,445223,751,590216,408,769172,880,378
Net Earned Premium ($)229,275,215 222,513,103220,091,963226,707,829185,118,966
Claims Incurred ($)134,125,279131,668,122117,578,323111,983,976108,285,012
Loss Ratio (%)58.50%59.17%53.42%49.40%58.49%

Gross Written Premiums of Business Classes 12 months to September

Year-End20112012201320142015
Commercial ($)502,455,302589,915,428598,432,282684,399,324687,192,670
Domestic ($)1,052,270,2231,170,172,5331,342,027,8811,477,326,9751,522,053,535
Motor ($)1,339,829,5311,355,055,4821,410,050,9051,509,389,4171,564,349,422
Marine ($)119,594,972144,329,385137,235,745140,528,421137,394,192
Liability ($)313,644,264337,991,478368,972,214457,406,090468,311,462
Earthquake ($)350,256,36548,513,318608,686,700642,638,358560,528,347
Other ($)295,688,731302,747,572304,742,946346,524,892320,973,824
Total ($)3,979,548,0544,448,725,1964,770,148,6735,258,213,4775,260,803,452

 

 

Gross Written Premiums of Business Classes by Percentage year ended 30 September 2015