HOMEOWNERS MULTIPLE PERIL INSURANCE UNDERWRITING SNAPSHOT, 2010 (1)
| Net premiums earned ($000) |
$59,721,095 |
Components of underwriting, as a percent
of net premiums earned |
Ìý |
| ÌýÌýÌýÌý Incurred losses |
66.4% |
| ÌýÌýÌýÌý Loss adjustment expenses |
10.1 |
| ÌýÌýÌýÌý Total loss and loss adjustment expenses |
76.5 |
| ÌýÌýÌýÌý Commissions and brokerage expenses incurred |
13.1 |
| ÌýÌýÌýÌý Other underwriting expenses incurred |
17.7 |
| ÌýÌýÌýÌý Total underwriting expenses incurred |
30.8 |
| ÌýÌýÌýÌý Dividends to policyholdersÌý |
0.5 |
ÌýÌýÌýÌý Investment gains on funds attributable to
ÌýÌýÌýÌý insurance transactions and other income |
3.1 |
| Combined ratio after dividends |
107.0 |
| Overall operating ratio (2) |
103.9 |
|
(1) After reinsurance transactions.
(2) Combined ratio after dividends, minus investment gains on funds attributable to insurance transactions and other income. Calculated by the ̽»¨¾«Ñ¡ Information Institute, based on SNL data.
Source: SNL Financial LC.
HOMEOWNERS MULTIPLE PERIL INSURANCE UNDERWRITING SNAPSHOT, 2011 (1)
| Net premiums earned ($000) |
$62,575,078 |
| Components of underwriting |
As a percent of net
premiums earned |
| ÌýÌýÌýÌý Incurred losses |
80.8% |
| ÌýÌýÌýÌý Loss adjustment expenses |
11.2 |
| ÌýÌýÌýÌý Total loss and loss adjustment expenses |
92.0% |
| ÌýÌýÌýÌý Commissions and brokerage expenses incurred |
12.7 |
| ÌýÌýÌýÌý Other underwriting expenses incurred |
17.7 |
| ÌýÌýÌýÌý Total underwriting expenses incurred |
122.4% |
| ÌýÌýÌýÌý Dividends to policyholdersÌý |
0.4 |
ÌýÌýÌýÌý Investment gains on funds attributable to
ÌýÌýÌýÌý insurance transactions and other income |
2.9 |
| Combined ratio after dividendsÌý |
122.3 |
| Overall operating ratio (2) |
119.4 |
|
(1) After reinsurance transactions.
(2) Combined ratio after dividends, minus investment gains on funds attributable to insurance transactions and other income. Calculated by the ̽»¨¾«Ñ¡ Information Institute, based on SNL Financial data.
Source: SNL Financial LC.
HOMEOWNERS INSURANCE INDUSTRY UNDERWRITING EXPENSES, 2012 (1)
| LOSSES AND RELATED EXPENSES (2) |
Ìý |
| Loss and loss adjustment expense (LAE) ratio |
72.8% |
| ÌýÌýÌýÌýIncurred losses |
62.6 |
| ÌýÌýÌýÌýDefense and cost containment expenses incurred |
1.7 |
| ÌýÌýÌýÌýAdjusting and other expenses incurred |
8.5 |
| OPERATING EXPENSES (3) |
Ìý |
| Expense ratio |
29.7% |
| ÌýÌýÌýÌýNet commissions and brokerage expenses incurred |
12.6 |
| ÌýÌýÌýÌýTaxes, licenses and fees |
2.7 |
| ÌýÌýÌýÌýOther acquisition and field supervision expenses incurred |
9.1 |
| ÌýÌýÌýÌýGeneral expenses incurred |
5.3 |
| DIVIDENDS TO POLICYHOLDERS (2) |
0.5% |
| COMBINED RATIO AFTER DIVIDENDS (4) |
103.0% |
|
(1) After reinsurance transactions.
(2) As a percent of net premiums earned ($65.7 billion in 2012).
(3) As of percent of net premiums written ($67.8 billion in 2012).
(4) Sum of loss and LAE, expense and dividends ratios.
Source: SNL Financial LC.
HOMEOWNERS INSURANCE INDUSTRY UNDERWRITING EXPENSES, 2013 (1)
| Expense |
Percent of premiums |
| LOSSES AND RELATED EXPENSES (2) |
Ìý |
| Loss and loss adjustment expense (LAE) ratio |
59.6% |
| ÌýÌýÌýÌýIncurred losses |
50.5 |
| ÌýÌýÌýÌýDefense and cost containment expenses incurred |
1.5 |
| ÌýÌýÌýÌýAdjusting and other expenses incurred |
7.6 |
| OPERATING EXPENSES (3) |
Ìý |
| Expense ratio |
29.5% |
| ÌýÌýÌýÌýNet commissions and brokerage expenses incurred |
12.6 |
| ÌýÌýÌýÌýTaxes, licenses and fees |
2.7 |
| ÌýÌýÌýÌýOther acquisition and field supervision expenses incurred |
9.0 |
| ÌýÌýÌýÌýGeneral expenses incurred |
5.2 |
| DIVIDENDS TO POLICYHOLDERS (2) |
0.5% |
| COMBINED RATIO AFTER DIVIDENDS (4) |
89.6% |
|
(1) After reinsurance transactions.
(2) As a percent of net premiums earned ($70.3 billion in 2013).
(3) As a percent of net premiums written ($72.8 billion in 2013).
(4) Sum of loss and LAE, expense and dividends ratios.
Source: SNL Financial LC.
HOMEOWNERS INSURANCE INDUSTRY UNDERWRITING EXPENSES, 2014 (1)
| Expense |
Percent of premiums |
| LOSSES AND RELATED EXPENSES (2) |
Ìý |
| Loss and loss adjustment expense (LAE) ratio |
62.1% |
| ÌýÌýÌýÌýIncurred losses |
53.0 |
| ÌýÌýÌýÌýDefense and cost containment expenses incurred |
1.6 |
| ÌýÌýÌýÌýAdjusting and other expenses incurred |
7.4 |
| OPERATING EXPENSES (3) |
Ìý |
| Expense ratio |
29.0% |
| ÌýÌýÌýÌýNet commissions and brokerage expenses incurred |
12.7 |
| ÌýÌýÌýÌýTaxes, licenses and fees |
2.6 |
| ÌýÌýÌýÌýOther acquisition and field supervision expenses incurred |
8.5 |
| ÌýÌýÌýÌýGeneral expenses incurred |
5.2 |
| DIVIDENDS TO POLICYHOLDERS (2) |
0.5% |
| COMBINED RATIO AFTER DIVIDENDS (4) |
91.6% |
|
(1) After reinsurance transactions.
(2) As a percent of net premiums earned ($75.3 billion in 2014).
(3) As a percent of net premiums written ($77.9 billion in 2014).
(4) Sum of loss and LAE, expense and dividends ratios.
Source: SNL Financial LC.
Homeowners ̽»¨¾«Ñ¡ Industry Underwriting Expenses, 2015 (1)
| Expense |
Percent of premiums |
| Losses and related expenses (2) |
Ìý |
| Loss and loss adjustment expense (LAE) ratio |
61.6% |
| ÌýÌýÌýÌýIncurred losses |
52.5 |
| ÌýÌýÌýÌýDefense and cost containment expenses incurred |
1.5 |
| ÌýÌýÌýÌýAdjusting and other expenses incurred |
7.5 |
| Operating expenses (3) |
Ìý |
| Expense ratio |
29.1% |
| ÌýÌýÌýÌýNet commissions and brokerage expenses incurred |
12.6 |
| ÌýÌýÌýÌýTaxes, licenses and fees |
2.6 |
| ÌýÌýÌýÌýOther acquisition and field supervision expenses incurred |
8.6 |
| ÌýÌýÌýÌýGeneral expenses incurred |
5.3 |
| Dividends to policyholders (2) |
0.5% |
| Combined ratio after dividends (4) |
91.3% |
|
(1) After reinsurance transactions.
(2) As a percent of net premiums earned ($78.6 billion in 2015).
(3) As a percent of net premiums written ($79.9 billion in 2015).
(4) Sum of loss and LAE, expense and dividends ratios.
Source: NAIC data, sourced from S&P Global Market Intelligence, ̽»¨¾«Ñ¡ Information Institute.
Homeowners ̽»¨¾«Ñ¡ Industry Underwriting Expenses, 2016 (1)
| Expense |
Percent of premiums |
| Losses and related expenses (2) |
Ìý |
| Loss and loss adjustment expense (LAE) ratio |
63.8% |
| ÌýÌýÌýÌýIncurred losses |
54.8 |
| ÌýÌýÌýÌýDefense and cost containment expenses incurred |
1.6 |
| ÌýÌýÌýÌýAdjusting and other expenses incurred |
7.4 |
| Operating expenses (3) |
Ìý |
| Expense ratio |
28.9% |
| ÌýÌýÌýÌýNet commissions and brokerage expenses incurred |
12.3 |
| ÌýÌýÌýÌýTaxes, licenses and fees |
2.6 |
| ÌýÌýÌýÌýOther acquisition and field supervision expenses incurred |
8.8 |
| ÌýÌýÌýÌýGeneral expenses incurred |
5.3 |
| Dividends to policyholders (2) |
0.4% |
| Combined ratio after dividends (4) |
93.1% |
|
(1) After reinsurance transactions.
(2) As a percent of net premiums earned ($81.1 billion in 2016).
(3) As a percent of net premiums written ($81.2 billion in 2016).
(4) Sum of loss and LAE, expense and dividends ratios.
Source: NAIC data, sourced from S&P Global Market Intelligence, ̽»¨¾«Ñ¡ Information Institute.
Homeowners ̽»¨¾«Ñ¡ Industry Underwriting Expenses, 2017 (1)
| Expense |
Percent of premiums |
| Losses and related expenses (2) |
Ìý |
| Loss and loss adjustment expense (LAE) ratio |
78.8% |
| ÌýÌýÌýÌýIncurred losses |
69.0 |
| ÌýÌýÌýÌýDefense and cost containment expenses incurred |
1.7 |
| ÌýÌýÌýÌýAdjusting and other expenses incurred |
8.1 |
| Operating expenses (3) |
Ìý |
| Expense ratio |
28.9% |
| ÌýÌýÌýÌýNet commissions and brokerage expenses incurred |
12.3 |
| ÌýÌýÌýÌýTaxes, licenses and fees |
2.6 |
| ÌýÌýÌýÌýOther acquisition and field supervision expenses incurred |
8.5 |
| ÌýÌýÌýÌýGeneral expenses incurred |
5.5 |
| Dividends to policyholders (2) |
0.4% |
| Combined ratio after dividends (4) |
108.1% |
|
(1) After reinsurance transactions.
(2) As a percent of net premiums earned ($81.8 billion in 2017).
(3) As a percent of net premiums written ($82.8 billion in 2017).
(4) Sum of loss and LAE, expense and dividends ratios.
Source: NAIC data, sourced from S&P Global Market Intelligence, ̽»¨¾«Ñ¡ Information Institute
Homeowners ̽»¨¾«Ñ¡ Industry Losses And Underwriting Expenses, 2018 (1)
| Expense |
Percent of premiums |
| Losses and related expenses (2) |
Ìý |
| Loss and loss adjustment expense (LAE) ratio |
73.9% |
| ÌýÌýÌýÌýIncurred losses |
65.1 |
| ÌýÌýÌýÌýDefense and cost containment expenses incurred |
1.7 |
| ÌýÌýÌýÌýAdjusting and other expenses incurred |
7.1 |
| Operating expenses (3) |
Ìý |
| Expense ratio |
28.7% |
| ÌýÌýÌýÌýNet commissions and brokerage expenses incurred |
12.6 |
| ÌýÌýÌýÌýTaxes, licenses and fees |
2.7 |
| ÌýÌýÌýÌýOther acquisition and field supervision expenses incurred |
8.2 |
| ÌýÌýÌýÌýGeneral expenses incurred |
5.3 |
| Dividends to policyholders (2) |
0.5% |
| Combined ratio after dividends (4) |
103.0% |
|
(1) After reinsurance transactions.
(2) As a percent of net premiums earned ($86.3 billion in 2018).
(3) As a percent of net premiums written ($88.9 billion in 2018).
(4) Sum of loss and LAE, expense and dividends ratios.
Source: NAIC data, sourced from S&P Global Market Intelligence, ̽»¨¾«Ñ¡ Information Institute.
Homeowners ̽»¨¾«Ñ¡ Industry Losses And Underwriting Expenses, 2019 (1)
| Expense |
Percent of premiums |
| Losses and related expenses (2) |
Ìý |
| Loss and loss adjustment expense (LAE) ratio |
68.7% |
| ÌýÌýÌýÌýIncurred losses |
59.8 |
| ÌýÌýÌýÌýDefense and cost containment expenses incurred |
1.7 |
| ÌýÌýÌýÌýAdjusting and other expenses incurred |
7.1 |
| Operating expenses (3) |
Ìý |
| Expense ratio |
28.6% |
| ÌýÌýÌýÌýNet commissions and brokerage expenses incurred |
12.3 |
| ÌýÌýÌýÌýTaxes, licenses and fees |
2.6 |
| ÌýÌýÌýÌýOther acquisition and field supervision expenses incurred |
8.2 |
| ÌýÌýÌýÌýGeneral expenses incurred |
5.5 |
| Dividends to policyholders (2) |
0.6% |
| Combined ratio after dividends (4) |
97.9% |
|
(1) After reinsurance transactions.
(2) As a percent of net premiums earned ($90.5 billion in 2019).
(3) As a percent of net premiums written ($93.0 billion in 2019).
(4) Sum of loss and LAE, expense and dividends ratios.
Source: NAIC data, sourced from S&P Global Market Intelligence, ̽»¨¾«Ñ¡ Information Institute.
Homeowners ̽»¨¾«Ñ¡ Industry Underwriting Expenses, 2020 (1)
| Expense |
Percent of premiums |
| Losses and related expenses (2) |
Ìý |
| Loss and loss adjustment expense (LAE) ratio |
77.0% |
| ÌýÌýÌýÌýIncurred losses |
67.5 |
| ÌýÌýÌýÌýDefense and cost containment expenses incurred |
1.8 |
| ÌýÌýÌýÌýAdjusting and other expenses incurred |
7.7 |
| Operating expenses (3) |
Ìý |
| Expense ratio |
28.3% |
| ÌýÌýÌýÌýNet commissions and brokerage expenses incurred |
12.3 |
| ÌýÌýÌýÌýTaxes, licenses and fees |
2.5 |
| ÌýÌýÌýÌýOther acquisition and field supervision expenses incurred |
7.9 |
| ÌýÌýÌýÌýGeneral expenses incurred |
5.6 |
| Dividends to policyholders (2) |
0.5% |
| Combined ratio after dividends (4) |
105.9% |
|
(1) After reinsurance transactions.
(2) As a percent of net premiums earned ($94.6 billion in 2020).
(3) As a percent of net premiums written ($97.0 billion in 2020).
(4) Sum of loss and LAE, expense and dividends ratios. Calculated from unrounded numbers.
Source: NAIC data, sourced from S&P Global Market Intelligence, ̽»¨¾«Ñ¡ Information Institute.
Homeowners ̽»¨¾«Ñ¡ Industry Underwriting Expenses, 2021 (1)
| Expense |
Percent of premiums |
| Losses and related expenses (2) |
Ìý |
| Loss and loss adjustment expense (LAE) ratio |
76.0% |
| ÌýÌýÌýÌýIncurred losses |
67.0 |
| ÌýÌýÌýÌýDefense and cost containment expenses incurred |
1.9 |
| ÌýÌýÌýÌýAdjusting and other expenses incurred |
7.0 |
| Operating expenses (3) |
Ìý |
| Expense ratio |
27.9% |
| ÌýÌýÌýÌýNet commissions and brokerage expenses incurred |
12.1 |
| ÌýÌýÌýÌýTaxes, licenses and fees |
2.6 |
| ÌýÌýÌýÌýOther acquisition and field supervision expenses incurred |
7.8 |
| ÌýÌýÌýÌýGeneral expenses incurred |
5.4 |
| Dividends to policyholders (2) |
0.4% |
| Combined ratio after dividends (4) |
104.3% |
|
(1) After reinsurance transactions.
(2) As a percent of net premiums earned ($99.5 billion in 2021).
(3) As a percent of net premiums written ($104.2 billion in 2021).
(4) Sum of loss and LAE, expense and dividends ratios. Calculated from unrounded numbers.
Source: NAIC data, sourced from S&P Global Market Intelligence, ̽»¨¾«Ñ¡ Information Institute.
Homeowners ̽»¨¾«Ñ¡ Industry Underwriting Expenses, 2022 (1)
| Expense |
Percent of premiums |
| Losses and related expenses (2) |
Ìý |
| Loss and loss adjustment expense (LAE) ratio |
77.2% |
| ÌýÌýÌýÌýIncurred losses |
68.1 |
| ÌýÌýÌýÌýDefense and cost containment expenses incurred |
1.8 |
| ÌýÌýÌýÌýAdjusting and other expenses incurred |
7.3 |
| Operating expenses (3) |
Ìý |
| Expense ratio |
26.5% |
| ÌýÌýÌýÌýNet commissions and brokerage expenses incurred |
12.1 |
| ÌýÌýÌýÌýTaxes, licenses and fees |
2.5 |
| ÌýÌýÌýÌýOther acquisition and field supervision expenses incurred |
7.1 |
| ÌýÌýÌýÌýGeneral expenses incurred |
4.6 |
| Dividends to policyholders (2) |
0.4% |
| Combined ratio after dividends (4) |
104.0% |
|
(1) After reinsurance transactions.
(2) As a percent of net premiums earned ($108.8 billion in 2022).
(3) As a percent of net premiums written ($114.9 billion in 2022).
(4) Sum of loss and LAE, expense and dividends ratios. Calculated from unrounded numbers.
Source: NAIC data, sourced from S&P Global Market Intelligence, ̽»¨¾«Ñ¡ Information Institute.
Homeowners ̽»¨¾«Ñ¡ Industry Underwriting Expenses, 2022 (1)
| Expense |
Percent of premiums |
| Losses and related expenses (2) |
Ìý |
| Loss and loss adjustment expense (LAE) ratio |
77.2% |
| ÌýÌýÌýÌýIncurred losses |
68.1 |
| ÌýÌýÌýÌýDefense and cost containment expenses incurred |
1.8 |
| ÌýÌýÌýÌýAdjusting and other expenses incurred |
7.3 |
| Operating expenses (3) |
Ìý |
| Expense ratio |
26.5% |
| ÌýÌýÌýÌýNet commissions and brokerage expenses incurred |
12.1 |
| ÌýÌýÌýÌýTaxes, licenses and fees |
2.5 |
| ÌýÌýÌýÌýOther acquisition and field supervision expenses incurred |
7.1 |
| ÌýÌýÌýÌýGeneral expenses incurred |
4.6 |
| Dividends to policyholders (2) |
0.4% |
| Combined ratio after dividends (4) |
104.0% |
|
(1) After reinsurance transactions.
(2) As a percent of net premiums earned ($108.8 billion in 2022).
(3) As a percent of net premiums written ($114.9 billion in 2022).
(4) Sum of loss and LAE, expense and dividends ratios. Calculated from unrounded numbers.
Source: NAIC data, sourced from S&P Global Market Intelligence, ̽»¨¾«Ñ¡ Information Institute.