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Multiple Peril Crop Insurance, 2014-2023

($000)
Year Net premiums
written (1)		 Annual percent
change		 Combined
ratio (2)		 Annual point
change (3)
2014 $4,189,765 -15.2% 104.9 1.6 pts.
2015 3,680,768 -12.1 99.9 -5.1
2016 3,321,281 -9.8 81.7 -18.2
2017 4,742,005 42.8 95.8 14.1
2018 5,380,068 13.5 85.0 -10.8
2019 6,478,428 20.4 108.7 23.6
2020 6,128,159 -5.4 100.5 -8.2
2021 7,453,136 21.6 94.9 -5.6
2022 10,434,771 40.0 102.5 7.6
2023 10,336,487 -0.9 107.6 5.1

(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 numbers.

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

Multiple Peril Crop Insurance, 2012-2021 (1)

($000)
Year Net premiums
written (2)		 Annual percent
change		 Combined
ratio (3)		 Annual point
change (4)
2012 $5,321,811 -2.5% 104.0 13.3 pts.
2013 4,942,547 -7.1 103.3 -0.7
2014 4,189,765 -15.2 104.9 1.6
2015 3,680,768 -12.1 99.9 -5.1
2016 3,321,281 -9.8 81.7 -18.2
2017 4,742,005 42.8 95.8 14.1
2018 5,380,068 13.5 85.0 -10.8
2019 6,478,428 20.4 108.7 23.6
2020 6,128,159 -5.4 100.5 -8.2
2021 7,451,620 21.6 94.9 -5.6

(1) Includes private crop insurance, 2013 and prior.
(2) After reinsurance transactions, excludes state funds.
(3) After dividends to policyholders. A drop in the combined ratio represents an improvement; an increase represents a deterioration.
(4) Calculated from unrounded numbers.

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

Multiple Peril Crop Insurance, 2011-2020 (1)

($000)
Year Net premiums
written (2)		 Annual percent
change		 Combined
ratio (3)		 Annual point
change (4)
2011 $5,456,991 55.8% 90.6 16.8 pts.
2012 5,321,811 -2.5 104.0 13.3
2013 4,942,547 -7.1 103.3 -0.7
2014 4,189,765 -15.2 104.9 1.6
2015 3,680,768 -12.1 99.9 -5.1
2016 3,321,281 -9.8 81.7 -18.2
2017 4,742,005 42.8 95.8 14.1
2018 5,380,068 13.5 85.0 -10.8
2019 6,478,428 20.4 108.7 23.6
2020 6,128,159 -5.4 100.5 -8.2

(1) Includes private crop insurance in 2012 and 2013.
(2) After reinsurance transactions, excludes state funds.
(3) After dividends to policyholders. A drop in the combined ratio represents an improvement; an increase represents a deterioration.
(4) Calculated from unrounded numbers.

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

Multiple Peril Crop Insurance, 2010-2019 (1)

($000)
Year Net premiums written (2) Annual percent change Combined ratio (3) Annual point change (4)
2010 $3,501,631 -11.7% 73.9 -5.8 pts.
2011 5,456,991 55.8 90.6 16.8
2012 5,321,811 -2.5 104.0 13.3
2013 4,942,547 -7.1 103.3 -0.7
2014 4,189,765 -15.2 104.9 1.6
2015 3,680,768 -12.1 99.9 -5.1
2016 3,321,281 -9.8 81.7 -18.2
2017 4,742,005 42.8 95.8 14.1
2018 5,380,068 13.5 85.0 -10.8
2019 6,478,428 20.4 108.7 23.6

(1) Includes private crop insurance in 2013 and prior years.
(2) After reinsurance transactions, excludes state funds.
(3) After dividends to policyholders. A drop in the combined ratio represents an improvement; an increase represents a deterioration.
(4) Calculated from unrounded numbers.

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

Multiple Peril Crop Insurance, 2009-2018 (1)

($000)
Year Net premiums written (2) Annual percent change Combined ratio (3) Annual point change (4)
2009 $3,964,690 -21.9% 79.7 -10.4 pts.
2010 3,501,631 -11.7 73.9 -5.8
2011 5,456,991 55.8 90.6 16.8
2012 5,321,811 -2.5 104.0 13.3
2013 4,942,547 -7.1 103.3 -0.7
2014 4,189,765 -15.2 104.9 1.6
2015 3,680,768 -12.1 99.9 -5.1
2016 3,321,281 -9.8 81.7 -18.2
2017 4,742,005 42.8 95.8 14.1
2018 5,380,068 13.5 85.0 -10.8

(1) Includes private crop insurance in 2013 and prior years.
(2) After reinsurance transactions, excludes state funds.
(3) After dividends to policyholders. A drop in the combined ratio represents an improvement; an increase represents a deterioration.
(4) Calculated from unrounded numbers.

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

Multiple Peril Crop Insurance, 2008-2017 (1)

($000)
Year Net premiums written (2) Annual percent change Combined ratio (3) Annual point change (4)
2008 $5,077,625 39.2% 90.1 15.3 pts.
2009 3,964,690 -21.9 79.7 -10.4
2010 3,501,631 -11.7 73.9 -5.8
2011 5,456,991 55.8 90.6 16.8
2012 5,321,811 -2.5 104.0 13.3
2013 4,942,547 -7.1 103.3 -0.7
2014 4,189,765 -15.2 104.9 1.6
2015 3,680,768 -12.1 99.9 -5.1
2016 3,321,281 -9.8 81.7 -18.2
2017 4,742,005 42.8 95.8 14.1

(1) Includes private crop insurance in 2013 and prior years.
(2) After reinsurance transactions, excludes state funds.
(3) After dividends to policyholders. A drop in the combined ratio represents an improvement; an increase represents a deterioration.
(4) Calculated from unrounded data.

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

Multiple Peril Crop Insurance, 2007-2016 (1)

($000)
Year Net premiums written (2) Annual percent change Combined ratio (3) Annual point change (4)
2007 $3,648,996 29.2% 74.7 -3.2 pts.
2008 5,077,625 39.2 90.1 15.3
2009 3,964,690 -21.9 79.7 -10.4
2010 3,501,631 -11.7 73.9 -5.8
2011 5,456,991 55.8 90.6 16.8
2012 5,321,811 -2.5 104.0 13.3
2013 4,942,547 -7.1 103.3 -0.7
2014 4,189,765 -15.2 104.9 1.6
2015 3,680,768 -12.1 99.9 -5.1
2016 3,321,281 -9.8 81.7 -18.2

(1) Includes private crop insurance in 2013 and prior years.
(2) After reinsurance transactions, excludes state funds.
(3) After dividends to policyholders. A drop in the combined ratio represents an improvement; an increase represents a deterioration.
(4) Calculated from unrounded numbers.

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

Multiple Peril Crop Insurance, 2006-2015 (1)

($000)
Year Net premiums written (2) Annual percent change Combined ratio (3) Annual point change (4)
2006 $2,824,769 26.4% 77.9 -13.3 pts.
2007 3,648,996 29.2 74.7 -3.2
2008 5,077,625 39.2 90.1 15.3
2009 3,964,690 -21.9 79.7 -10.4
2010 3,501,631 -11.7 73.9 -5.8
2011 5,456,991 55.8 90.6 16.8
2012 5,321,811 -2.5 104.0 13.3
2013 4,942,547 -7.1 103.3 -0.7
2014 4,189,765 -15.2 104.9 1.6
2015 3,680,768 -12.1 99.9 -5.1

(1) Includes private crop-hail insurance from 2006 to 2013. Data for 2014 and 2015 exclude private crop-hail insurance.
(2) After reinsurance transactions, excludes state funds.
(3) After dividends to policyholders. A drop in the combined ratio represents an improvement; an increase represents a deterioration.
(4) Calculated from unrounded numbers.

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

MULTIPLE PERIL CROP INSURANCE, 2005-2014 (1)

($000)
Year Net premiums written (2) Annual percent change Combined ratio (3) Annual point change (4)
2005 $2,234,630 1.4% 91.3 15.2 pts.
2006 2,824,769 26.4 77.9 -13.3
2007 3,648,996 29.2 74.7 -3.2
2008 5,077,625 39.2 90.1 15.3
2009 3,964,690 -21.9 79.7 -10.4
2010 3,501,631 -11.7 73.9 -5.8
2011 5,456,991 55.8 90.6 16.8
2012 5,321,811 -2.5 104.0 13.3
2013 4,942,547 -7.1 103.3 -0.7
2014 4,189,765 -15.2 104.9 1.6

(1) Includes private crop-hail insurance from 2005 to 2013. Data for 2014 excludes private crop-hail insurance.
(2) After reinsurance transactions, excludes state funds.
(3) After dividends to policyholders. A drop in the combined ratio represents an improvement; an increase represents a deterioration.
(4) Calculated from unrounded numbers.

Source: SNL Financial LC.

MULTIPLE PERIL CROP INSURANCE, 2004-2013

($000)
Year Net premiums written (1) Annual percent change Combined ratio (2) Annual point change (3)
2004 $2,203,143 29.4% 76.1 -33.8 pts.
2005 2,234,630 1.4 91.3 15.2
2006 2,824,769 26.4 77.9 -13.3
2007 3,648,996 29.2 74.7 -3.2
2008 5,077,625 39.2 90.1 15.3
2009 3,964,690 -21.9 79.7 -10.4
2010 3,501,631 -11.7 73.9 -5.8
2011 5,456,991 55.8 90.6 16.8
2012 5,321,811 -2.5 104.0 13.3
2013 4,942,547 -7.1 103.3 -0.7

(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.

Source: SNL Financial LC.