Tables

Table Archive

11 tables in this archive

Archived Tables

Private Crop Insurance, 2014-2023

($000)

Year	Net premiums written (1)	Annual percent change	Combined ratio (2)	Annual point change (3)
2014	$582,817	NA	138.8	NA
2015	584,600	0.3%	146.2	7.3 pts.
2016	455,410	-22.1	122.3	-23.9
2017	498,804	9.5	66.6	-55.7
2018	693,254	39.0	126.9	60.3
2019	686,589	-1.0	117.5	-9.4
2020	623,991	-9.1	146.9	29.5
2021	711,266	14.0	122.0	-25.0
2022	843,076	18.5	113.3	-8.7
2023	928,167	10.1	140.3	27.0

(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.

NA=Data not available.

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

Private Crop Insurance, 2014-2022

($000)

Year	Net premiums written (1)	Annual percent change	Combined ratio (2)	Annual point change (3)
2014	$582,817	NA	138.8	NA
2015	584,600	(4)	146.2	7.3 pts.
2016	455,410	-22.1%	122.3	-23.9
2017	498,804	9.5	66.6	-55.7
2018	693,254	39.0	126.9	60.3
2019	686,589	-1.0	117.5	-9.4
2020	623,991	-9.1	146.9	29.5
2021	711,226	14.0	122.0	-25.0
2022	843,076	18.5	113.3	-8.7

(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.
(4) Less than 0.1 percent.

NA=Data not available.

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

Private Crop Insurance, 2014-2021

($000)

Year	Net premiums written (1)	Annual percent change	Combined ratio (2)	Annual point change (3)
2014	$582,817	NA	138.8	NA
2015	584,600	(4)	146.2	7.3 pts.
2016	455,410	-22.1%	122.3	-23.9
2017	498,804	9.5	66.6	-55.7
2018	693,254	39.0	126.9	60.3
2019	686,589	-1.0	117.5	-9.4
2020	623,991	-9.1	146.9	29.5
2021	711,226	14.0	121.9	-25.0

(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 percent.

NA=Data not available.

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

Private Crop Insurance, 2014-2020

($000)

Year	Net premiums written (1)	Annual percent change	Combined ratio (2)	Annual point change (3)
2014	$582,817	NA	138.8	NA
2015	584,600	0.3%	146.2	7.3 pts.
2016	455,410	-22.1	122.3	-23.9
2017	498,804	9.5	66.6	-55.7
2018	693,254	39.0	126.9	60.3
2019	686,589	-1.0	117.5	-9.4
2020	623,991	-9.1	146.9	29.5

(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.

NA=Data not available.

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

Private Crop Insurance, 2014-2019

($000)

Year	Net premiums written (1)	Annual percent change	Combined ratio (2)	Annual point change (3)
2014	$582,817	NA	138.8	NA
2015	584,600	0.3%	146.2	7.3 pts.
2016	455,410	-22.1	122.3	-23.9
2017	498,804	9.5	66.6	-55.7
2018	693,254	39.0	126.9	60.3
2019	686,589	-1.0	117.5	-9.4

(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.

NA=Data not available.

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

Private Crop Insurance, 2014-2018

($000)

Year	Net premiums written (1)	Annual percent change	Combined ratio (2)	Annual point change (3)
2014	$582,817	NA	138.8	NA
2015	584,600	0.3%	146.2	7.3 pts.
2016	455,410	-22.1	122.3	-23.9
2017	498,804	9.5	66.6	-55.7
2018	693,254	39.0	126.9	60.3

(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.

NA=Data not available.

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

Private Crop Insurance, 2014-2017

($000)

Year	Net premiums written (1)	Annual percent change	Combined Ratio (2)	Annual point change (3)
2014	$582,817	NA	138.8	NA
2015	584,600	0.3%	146.2	7.3 pts.
2016	455,410	-22.1	122.3	-23.9
2017	498,804	9.5	66.6	-55.7

(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.

NA=Data not available.

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

Private Crop Insurance, 2014-2016

($000)

Year	Net premiums written (1)	Annual percent change	Combined ratio (2)	Annual point change (3)
2014	$582,817	NA	138.8	NA
2015	584,600	0.3%	146.2	7.3 pts.
2016	455,410	-22.1	122.3	-23.9

(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

Crop-Hail Insurance, 2006-2015

($000)

Year	Direct premiums written (1)	Annual percent change	Loss ratio (2)	Annual point change
2006	$405,254	-6.8%	50	6 pts.
2007	489,649	20.8	48	-2
2008	669,436	36.7	83	35
2009	621,322	-7.2	91	8
2010	682,188	9.8	67	-24
2011	843,801	23.7	116	49
2012	958,163	13.6	74	-42
2013	958,857	0.1	67	-7
2014	991,984	3.5	122	55
2015	979,703	-1.2	76	-46

(1) Before reinsurance transactions, total for all policyholders of crop-hail insurance.
(2) The percentage of each premium dollar spent on claims and associated costs. A drop in the loss ratio represents an improvement; an increase represents a deterioration.

Source: National Crop Insurance Services.

CROP-HAIL INSURANCE, 2005-2014

($000)

Year	Direct premiums written (1)	Annual percent change	Loss ratio (2)	Annual point change
2005	$434,711	1.7%	44	-14 pts.
2006	405,254	-6.8	50	6
2007	489,649	20.8	48	-2
2008	669,436	36.7	83	35
2009	621,322	-7.2	91	8
2010	682,188	9.8	67	-24
2011	843,801	23.7	116	49
2012	958,163	13.6	74	-42
2013	958,857	0.1	67	-7
2014	991,748	3.4	122	55

(1) Before reinsurance transactions, total for all policyholders of crop-hail insurance.
(2) The percentage of each premium dollar spent on claims and associated costs. A drop in the loss ratio represents an improvement; an increase represents a deterioration.

Source: National Crop Insurance Services.

CROP-HAIL INSURANCE, 2004-2013

($000)

Year	Direct premiums written (1)	Annual percent change	Loss ratio (2)	Annual point change
2004	$427,567	1.3%	58	2 pts.
2005	434,711	1.7	44	-14
2006	405,254	-6.8	50	6
2007	489,649	20.8	48	-2
2008	669,436	36.7	83	35
2009	621,322	-7.2	91	8
2010	682,188	9.8	67	-24
2011	843,801	23.7	116	49
2012	958,163	13.6	74	-42
2013	959,912	0.2	68	-6

(1) Before reinsurance transactions, total for all policyholders of crop-hail insurance.
(2) The percentage of each premium dollar spent on claims and associated costs. A drop in the loss ratio represents an improvement; an increase represents a deterioration.

Source: National Crop Insurance Services.