Private Flood Insurance, 2017-2023
($000)
| Year | Net premiums written (1) |
Annual percent change |
Combined ratio (2) |
Annual point change (3) |
|---|---|---|---|---|
| 2017 | $470,961 | 69.5% | 186.1 | 92.3 pts. |
| 2018 | 540,875 | 14.8 | 55.0 | -131.1 |
| 2019 | 287,197 | -46.9 | 58.5 | 3.5 |
| 2020 | 302,444 | 5.3 | 50.7 | -7.8 |
| 2021 | 524,209 | 73.3 | 65.0 | 14.3 |
| 2022 | 774,250 | 47.7 | 70.9 | 5.9 |
| 2023 | 803,075 | 3.7 | 33.7 | -37.3 |
(1) After reinsurance transactions, excludes state funds and premiums written by private insurers participating in the National Flood
Insurance Program’s Write Your Own program.
(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.