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°µÍø½ûÇø

Current Table

Product Liability °µÍø½ûÇø, 2015-2024
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($000)

Year Net premiums
written (1)		 Annual percent
change		 Combined
ratio (2)		 Annual point
change (3)
2015 $2,797,507 4.6% 130.6 -3.8 pts.
2016 2,422,376 -13.4 119.8 -10.8
2017 2,689,098 11.0 102.1 -17.8
2018 2,794,538 3.9 122.9 20.9
2019 3,014,579 7.9 108.6 -14.3
2020 3,237,200 7.4 88.2 -20.4
2021 3,559,032 9.9 100.5 12.3
2022 4,286,152 20.4 89.3 -11.2
2023 4,448,950 3.8 99.8 10.5
2024 4,532,902 1.9 108.1 8.3

(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.

Source: NAIC data, sourced from S&P Global Market Intelligence, °µÍø½ûÇø Information Institute.

 

Archived Tables

PRODUCTS LIABILITY INSURANCE, 1999-2008
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($000)

Year Net premiums written (1)  Annual percent change Combined ratio (2) Annual point change (3)
1999 $1,586,915 -2.4% 159.1 NA
2000 1,413,984 -10.9 130.7 -28.4 pts.
2001 2,035,893 44.0 213.8 83.1
2002 1,787,544 -12.2 354.9 141.2
2003 2,726,599 52.5 165.8 -189.1
2004 3,401,867 24.8 152.4 -13.4
2005 3,561,261 4.7 130.9 -21.5
2006 3,621,669 1.7 77.8 -53.2
2007 3,305,603 -8.7 101.2 23.5
2008 2,777,558 -16.0 124.0 22.8

(1) After reinsurance transactions, excluding 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: National Association of °µÍø½ûÇø Commissioners (NAIC) Annual Statement Database, via Highline Data, LLC. Copyrighted information. No portion of this work may be copied or redistributed without the express written permission of Highline Data, LLC.

 
PRODUCTS LIABILITY INSURANCE, 2000-2009
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($000)

Year Net premiums written (1) Annual percent change Combined ratio (2) Annual point change (3)
2000 $1,404,819 -11.0% 133.5 -23.6 pts.
2001 2,006,433 42.8 215.2 81.7
2002 1,776,434 -11.5 354.9 139.7
2003 2,711,952 52.7 167.1 -187.7
2004 3,364,997 24.1 153.1 -14.0
2005 3,525,584 4.8 124.2 -29.0
2006 3,616,544 2.6 84.8 -39.4
2007 3,304,030 -8.6 101.4 16.7
2008 2,777,568 -15.9 124.9 23.5
2009 2,365,985 -14.8 123.0 -1.9

(1) After reinsurance transactions, excluding 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.

 
PRODUCTS LIABILITY INSURANCE, 2001-2010
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($000)

Year Net premiums written (1) Annual percent change Combined ratio (2) Annual point change (3)
2001 $2,017,277 43.6% 214.9 81.4 pts.
2002 1,776,434 -11.9 354.9 140.0
2003 2,711,952 52.7 167.1 -187.7
2004 3,364,997 24.1 153.1 -14.0
2005 3,525,584 4.8 124.2 -29.0
2006 3,616,544 2.6 84.8 -39.4
2007 3,304,030 -8.6 101.4 16.7
2008 2,777,568 -15.9 124.9 23.4
2009 2,365,986 -14.8 123.0 -1.9
2010 2,050,510 -13.3 157.1 34.1

(1) After reinsurance transactions, excluding 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.

 
PRODUCTS LIABILITY INSURANCE, 2002-2011
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($000)

Year Net premiums written (1) Annual percent change Combined ratio (2) Annual point change (3)
2002 $1,776,434 -11.9% 354.9 140.0 pts.
2003 2,711,952 52.7 167.1 -187.7
2004 3,364,997 24.1 153.1 -14.0
2005 3,525,584 4.8 124.2 -29.0
2006 3,616,544 2.6 84.8 -39.4
2007 3,304,030 -8.6 101.4 16.7
2008 2,777,568 -15.9 124.9 23.4
2009 2,365,986 -14.8 123.0 -1.9
2010 2,050,510 -13.3 157.1 34.1
2011 2,320,518 13.2 158.8 1.7

(1) After reinsurance transactions, excluding 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.

 
PRODUCTS LIABILITY INSURANCE, 2003-2012
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($000)

Year Net premiums written (1) Annual percent change Combined ratio (2) Annual point change (3)
2003 $2,726,599 51.7% 165.8 -187.5 pts.
2004 3,401,867 24.8 152.4 -13.5
2005 3,546,009 4.2 131.1 -21.3
2006 3,621,671 2.1 77.8 -53.3
2007 3,265,035 -9.8 99.8 22.0
2008 2,777,587 -14.9 124.0 24.2
2009 2,365,681 -14.8 124.0 (4)
2010 2,050,619 -13.3 157.1 33.1
2011 2,320,540 13.2 160.0 2.9
2012 2,546,403 9.7 100.4 -59.6

(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 point.

Source: SNL Financial LC.

 
PRODUCTS LIABILITY INSURANCE, 2004-2013
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($000)

Year Net premiums
written (1)		 Annual percent
change		 Combined ratio (2) Annual point
change (3)
2004 $3,401,867 24.8% 152.4 -13.5 pts.
2005 3,546,009 4.2 131.1 -21.3
2006 3,621,671 2.1 77.8 -53.3
2007 3,265,035 -9.8 99.8 22.0
2008 2,777,587 -14.9 124.0 24.2
2009 2,365,681 -14.8 124.0 (4)
2010 2,050,619 -13.3 157.1 33.1
2011 2,320,540 13.2 160.0 2.9
2012 2,575,225 11.0 102.7 -57.3
2013 2,718,879 5.6 155.3 52.6

(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 point.

Source: SNL Financial LC.

 
PRODUCT LIABILITY INSURANCE, 2005-2014
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($000)

Year Net premiums written (1) Annual percent change Combined ratio (2) Annual point change (3)
2005 $3,546,009 4.2% 131.1 -21.3 pts.
2006 3,621,671 2.1 77.8 -53.3
2007 3,265,035 -9.8 99.8 22.0
2008 2,777,587 -14.9 124.0 24.2
2009 2,365,681 -14.8 124.0 (4)
2010 2,050,619 -13.3 157.1 33.1
2011 2,320,540 13.2 160.0 2.9
2012 2,575,225 11.0 102.7 -57.3
2013 2,718,879 5.6 155.3 52.6
2014 2,674,183 -1.6 138.5 -16.8

(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 point.

Source: SNL Financial LC.

 
Product Liability °µÍø½ûÇø, 2006-2015
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($000)

Year Net premiums written (1) Annual percent change Combined ratio (2) Annual point change (3)
2006 $3,621,671 2.1% 77.8 -53.3 pts.
2007 3,265,035 -9.8 99.8 22.0
2008 2,777,587 -14.9 124.0 24.2
2009 2,365,681 -14.8 124.0 (4)
2010 2,050,619 -13.3 157.1 33.1
2011 2,320,540 13.2 160.0 2.9
2012 2,575,225 11.0 102.7 -57.3
2013 2,718,879 5.6 155.3 52.6
2014 2,674,183 -1.6 138.4 -16.8
2015 2,796,758 4.6 130.6 -7.8

(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 point.

Source: NAIC data, sourced from S&P Global Market Intelligence, °µÍø½ûÇø Information Institute.

 
Product Liability °µÍø½ûÇø, 2007-2016
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($000)

Year Net premiums written (1) Annual percent change Combined ratio (2) Annual point change (3)
2007 $3,265,035 -9.8% 99.8 22.0 pts.
2008 2,777,587 -14.9 124.0 24.2
2009 2,365,681 -14.8 124.0 (4)
2010 2,050,619 -13.3 157.1 33.1
2011 2,320,540 13.2 160.0 2.9
2012 2,575,225 11.0 102.7 -57.3
2013 2,718,879 5.6 155.3 52.6
2014 2,674,183 -1.6 138.4 -16.8
2015 2,796,761 4.6 130.6 -7.8
2016 2,422,619 -13.4 124.1 -6.5

(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.
(4) Less than 0.1 point.

Source: NAIC data, sourced from S&P Global Market Intelligence, °µÍø½ûÇø Information Institute.

 
Product Liability °µÍø½ûÇø, 2008-2017
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($000)

Year Net premiums written (1) Annual percent change Combined ratio (2) Annual point change (3)
2008 $2,777,587 -14.9% 124.0 24.2 pts.
2009 2,365,681 -14.8 124.0 (4)
2010 2,050,619 -13.3 157.1 33.1
2011 2,320,540 13.2 160.0 2.9
2012 2,575,225 11.0 102.7 -57.3
2013 2,718,879 5.6 155.3 52.6
2014 2,674,183 -1.6 134.4 -20.9
2015 2,796,761 4.6 130.6 -3.7
2016 2,422,721 -13.4 124.1 -6.5
2017 2,689,115 11.0 102.1 -22.0

(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 point.

Source: NAIC data, sourced from S&P Global Market Intelligence, °µÍø½ûÇø Information Institute.

 
Products Liability °µÍø½ûÇø, 2009-2018
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($000)

Year Net premiums written (1) Annual percent change Combined ratio (2) Annual point change (3)
2009 $2,365,681 -14.8% 124.0 (4)
2010 2,050,619 -13.3 157.1 33.1 pts.
2011 2,320,540 13.2 160.0 2.9
2012 2,575,225 11.0 102.7 -57.3
2013 2,718,879 5.6 155.3 52.6
2014 2,674,183 -1.6 134.4 -20.9
2015 2,796,761 4.6 130.6 -3.7
2016 2,422,721 -13.4 124.1 -6.5
2017 2,689,115 11.0 102.1 -22.0
2018 2,790,125 3.8 122.4 20.3

(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.
(4) Less than 0.1 point.

Source: NAIC data, sourced from S&P Global Market Intelligence, °µÍø½ûÇø Information Institute.

 
Product Liability °µÍø½ûÇø, 2010-2019
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($000)

Year Net premiums written (1) Annual percent change Combined ratio (2) Annual point change (3)
2010 $2,050,619 -13.3% 157.1 33.1 pts.
2011 2,320,540 13.2 160.0 2.9
2012 2,575,225 11.0 102.7 -57.3
2013 2,718,879 5.6 155.3 52.6
2014 2,674,183 -1.6 134.4 -20.9
2015 2,796,761 4.6 130.6 -3.7
2016 2,422,721 -13.4 124.1 -6.5
2017 2,689,115 11.0 102.1 -22.0
2018 2,794,716 3.9 122.3 20.2
2019 3,018,938 8.0 107.6 -14.7

(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: NAIC data, sourced from S&P Global Market Intelligence, °µÍø½ûÇø Information Institute.

 
Product Liability °µÍø½ûÇø, 2011-2020
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($000)

Year Net premiums
written (1)		 Annual percent
change		 Combined
ratio (2)		 Annual point
change (3)
2011 $2,320,540 13.2% 160.0 2.9 pts.
2012 2,575,225 11.0 102.7 -57.3
2013 2,718,879 5.6 155.3 52.6
2014 2,674,183 -1.6 134.4 -20.9
2015 2,796,761 4.6 130.6 -3.7
2016 2,422,721 -13.4 124.1 -6.5
2017 2,689,115 11.0 102.1 -22.0
2018 2,794,716 3.9 122.3 20.2
2019 3,019,134 8.0 107.6 -14.7
2020 3,239,063 7.3 88.2 -19.4

(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.

Source: NAIC data, sourced from S&P Global Market Intelligence, °µÍø½ûÇø Information Institute.

 
Product Liability °µÍø½ûÇø, 2012-2021
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($000)

Year Net premiums
written (1)		 Annual percent
change		 Combined
ratio (2)		 Annual point
change (3)
2012 $2,575,225 11.0% 102.7 -57.3 pts.
2013 2,718,879 5.6 155.3 52.6
2014 2,674,183 -1.6 134.4 -20.9
2015 2,796,761 4.6 130.6 -3.7
2016 2,422,721 -13.4 124.1 -6.5
2017 2,689,115 11.0 102.1 -22.0
2018 2,794,716 3.9 122.3 20.2
2019 3,017,099 8.0 108.5 -13.8
2020 3,239,063 7.3 88.2 -20.3
2021 3,353,494 3.5 101.1 12.8

(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, °µÍø½ûÇø Information Institute.

 
Product Liability °µÍø½ûÇø, 2013-2022
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($000)

Year Net premiums
written (1)		 Annual percent
change		 Combined
ratio (2)		 Annual point
change (3)
2013 $2,718,879 5.6% 155.3 52.6 pts.
2014 2,674,183 -1.6 134.4 -20.9
2015 2,796,761 4.6 130.6 -3.7
2016 2,422,721 -13.4 124.1 -6.5
2017 2,689,115 11.0 102.1 -22.0
2018 2,794,716 3.9 122.3 20.2
2019 3,017,099 8.0 108.5 -13.8
2020 3,239,063 7.3 88.2 -20.3
2021 3,561,020 9.9 100.5 12.2
2022 4,293,616 20.6 89.5 -11.0

(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.

Source: NAIC data, sourced from S&P Global Market Intelligence, °µÍø½ûÇø Information Institute.

 
Product Liability °µÍø½ûÇø, 2014-2023
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($000)

Year Net premiums
written (1)		 Annual percent
change		 Combined
ratio (2)		 Annual point
change (3)
2014 $2,674,183 -1.6% 134.4 -20.9 pts.
2015 2,796,761 4.6 130.6 -3.7
2016 2,422,721 -13.4 124.1 -6.5
2017 2,689,115 11.0 102.1 -22.0
2018 2,794,716 3.9 122.3 20.2
2019 3,017,099 8.0 108.5 -13.8
2020 3,239,063 7.4 88.2 -20.3
2021 3,561,024 9.9 100.5 12.2
2022 4,295,605 20.6 89.5 -11.0
2023 4,444,481 3.5 99.9 10.4

(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.

Source: NAIC data, sourced from S&P Global Market Intelligence, °µÍø½ûÇø Information Institute.