Industry Data

All Business 12 months to September

Year-End20122013201420152016
Gross Written Premium ($)4,448,725,1964,770,148,6735,258,213,4775,260,803,4525,345,220,235
Net Written Premium ($)3,462,270,4453,652,556,3604,018,404,4583,880,463,9353,425,022,923
Net Earned Premium ($)3,247,031,7583,506,529,3513,912,441,1623,895,768,3053,366,482,641
Claims Incurred ($)2,206,076,8412,174,942,3922,350,393,4252,546,016,6201,968,592,517
Loss Ratio (%)67.94%62.03%60.07%65.35%58.48%
Business Costs (Staff etc) ($)1,006,100,0701,200,746,6021,315,241,9751,367,165,6891,186,539,400
Combined Ratio (%)98.93%96.27%93.69%100.45%93.72%

Commercial Material Damage and Business Interruption 12 months to September

Year-End20122013201420152016
Gross Written Premium ($)589,915,428598,432,282684,399,324687,192,670680,630,993
Net Written Premium ($)306,669,880325,879,410369,583,445346,431,648357,611,986
Net Earned Premium ($)276,305,711322,693,671358,734,362369,677,595360,357,963
Claims Incurred ($)180,993,407192,309,752227,168,439208,771,487243,994,226
Loss Ratio (%)65.50%59.60%63.32%56.47%67.71%

Domestic Buildings and Contents 12 months to September

Year-End20122013201420152016
Gross Written Premium ($)1,170,172,5331,342,027,8811,477,326,9751,522,053,5351,560,818,092
Net Written Premium ($)963,207,4011,082,408,5181,219,945,7381,210,698,3651,149,372,792
Net Earned Premium ($)898,261,1661,002,937,3561,168,935,3641,186,680,1581,129,099,427
Claims Incurred ($)532,924,232582,828,477609,645,684634,005,780624,059,237
Loss Ratio (%)59.33%58.11%52.15%53.43%55.27%

Motor Commercial and Private 12 months to September

Year-End20122013201420152016
Gross Written Premium ($)1,355,055,4821,410,050,9051,509,389,4171,564,349,4221,644,119,117
Net Written Premium ($)1,335,018,6681,393,761,8281,487,114,1691,477,793,1201,422,592,371
Net Earned Premium ($)1,308,806,9481,366,159,7131,441,718,2271,444,274,5661,377,217,656
Claims Incurred ($)831,303,537886,385,444951,461,0761,003,957,7601,023,576,910
Loss Ratio (%)63.52%64.88%65.99%69.51%74.32%

Marine Hull and Cargo 12 months to September

Year-End20122013201420152016
Gross Written Premium ($)144,329,385137,235,745140,528,421137,394,192126,516,762
Net Written Premium ($)113,845,851112,054,232116,508,142107,813,36493,028,019
Net Earned Premium ($)106,131,028111,737,383118,685,913108,805,54392,816,802
Claims Incurred ($)68,334,66947,759,99456,416,38654,977,36362,428,514
Loss Ratio (%)64.39%42.74%47.53%50.53%67.26%

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

Year-End20122013201420152016
Gross Written Premium ($)337,991,478368,972,214457,406,090468,311,462481,262,837
Net Written Premium ($)271,017,729292,977,466345,109,879338,478,576330,448,687
Net Earned Premium ($)264,165,039284,297,206329,383,275339,225,156320,109,298
Claims Incurred ($)116,058,093119,499,270101,971,75678,081,999112,861,384
Loss Ratio (%)43.93%42.03%30.96%23.02%35.26%

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

Year-End20122013201420152016
Gross Written Premium ($)548,513,318608,686,700642,638,358560,528,347513,288,251
Net Written Premium ($)249,950,471221,723,316263,734,316226,368,484-81,596,028
Net Earned Premium ($)170,848,763198,612,059268,276,192261,986,321-73,258,527
Claims Incurred ($)344,794,781228,581,132291,746,108457,937,219-204,420,440
Loss Ratio (%)201.81%115.09%108.75%174.79%279.04%

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

Year-End20122013201420152016
Gross Written Premium ($)302,747,572304,742,946346,524,892320,973,824338,584,183
Net Written Premium ($)222,560,445223,751,590216,408,769172,880,378153,565,096
Net Earned Premium ($)222,513,103220,091,963226,707,829185,118,966160,140,022
Claims Incurred ($)131,668,122117,578,323111,983,976108,285,012106,092,686
Loss Ratio (%)59.17%53.42%49.40%58.49%66.25%

Gross Written Premiums of Business Classes 12 months to September

Year-End20122013201420152016
Commercial ($)589,915,428598,432,282684,399,324687,192,670680,630,993
Domestic ($)1,170,172,5331,342,027,8811,477,326,9751,522,053,5351,560,818,092
Motor ($)1,355,055,4821,410,050,9051,509,389,4171,564,349,4221,644,119,117
Marine ($)144,329,385137,235,745140,528,421137,394,192126,516,762
Liability ($)337,991,478368,972,214457,406,090468,311,462481,262,837
Earthquake ($)548,513,318608,686,700642,638,358560,528,347513,288,251
Other ($)302,747,572304,742,946346,524,892320,973,824338,584,183
Total ($)4,448,725,1964,770,148,6735,258,213,4775,260,803,4525,345,220,235

 

 

Gross Written Premiums of Business Classes by Percentage