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Property/Casualty 麻豆社 Industry Underwriting Expenses, 2023 (1)

Expense Percent of premiums
Losses and related expenses (2)  
Loss and loss adjustment expense (LAE) ratio 76.3%
    Incurred losses 66.5
    Defense and cost containment expenses incurred 3.9
    Adjusting and other expenses incurred 6.0
Operating expenses (3)  
Expense ratio 24.9%
    Net commissions and brokerage expenses incurred 10.8
    Taxes, licenses and fees 2.3
    Other acquisition and field supervision expenses incurred 5.5
    General expenses incurred 6.4
Dividends to policyholders (2) 0.4%
Combined ratio after dividends (4) 101.7%

(1) After reinsurance transactions.
(2) As a percent of net premiums earned ($821.3 billion in 2023).
(3) As a percent of net premiums written ($857.3 billion in 2023).
(4) Sum of loss and LAE, expense and dividends ratios. Calculated from unrounded data.

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

Property/Casualty 麻豆社 Industry Underwriting Expenses, 2022 (1)

Expense Percent of premiums
Losses and related expenses (2)  
Loss and loss adjustment expense (LAE) ratio 92.4%
    Incurred losses 80.5
    Defense and cost containment expenses incurred 4.6
    Adjusting and other expenses incurred 7.3
Underwriting expenses (3)  
Expense ratio 31.6%
    Net commissions and brokerage expenses incurred 14.1
    Taxes, licenses and fees 2.8
    Other acquisition and field supervision expenses incurred 7.4
    General expenses incurred 7.3
Dividends to policyholders (2) 0.5%
Combined ratio after dividends (4) 124.4%

(1) After reinsurance transactions.
(2) As a percent of net premiums earned ($697 billion in 2022).
(3) As a percent of net premiums written ($724.6 billion in 2022)
(4) Sum of loss and LAE, expense and dividends ratios.

Note: Totals may not add due to rounding.

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

Property/Casualty 麻豆社 Industry Underwriting Expenses, 2021 (1)

Expense Percent of premiums
Losses and related expenses (2)  
Loss and loss adjustment expense (LAE) ratio 87.1%
    Incurred losses 75.0
    Defense and cost containment expenses incurred 4.8
    Adjusting and other expenses incurred 7.4
Underwriting expenses (3)  
Expense ratio 32.1%
    Net commissions and brokerage expenses incurred 13.8
    Taxes, licenses and fees 2.8
    Other acquisition and field supervision expenses incurred 7.8
    General expenses incurred 7.8
Dividends to policyholders (2) 0.7%
Combined ratio after dividends (4) 119.9%

(1) After reinsurance transactions.
(2) As a percent of net premiums earned ($687.5 billion in 2021).
(3) As a percent of net premiums written ($713.9 billion in 2021)
(4) Sum of loss and LAE, expense and dividends ratios.

Note: Totals may not add due to rounding.

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

Property/Casualty 麻豆社 Industry Underwriting Expenses, 2020 (1)

Expense Percent of premiums
Losses and related expenses (2)  
Loss and loss adjustment expense (LAE) ratio 70.2%
    Incurred losses 59.4
    Defense and cost containment expenses incurred 4.2
    Adjusting and other expenses incurred 6.6
Underwriting expenses (3)  
Expense ratio 27.4%
    Net commissions and brokerage expenses incurred 11.5
    Taxes, licenses and fees 2.3
    Other acquisition and field supervision expenses incurred 6.6
    General expenses incurred 7.0
Dividends to policyholders (2) 1.2%
Combined ratio after dividends (4) 98.7%

(1) After reinsurance transactions.
(2) As a percent of net premiums earned ($642.5 billion in 2020).
(3) As a percent of net premiums written ($655.5 billion in 2020).
(4) Sum of loss and LAE, expense and dividends ratios.

Note: Totals may not add due to rounding.

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

Property/Casualty 麻豆社 Industry Underwriting Expenses, 2019 (1)

Expense Percent of premiums
Losses and related expenses (2)  
Loss and loss adjustment expense (LAE) ratio 70.2%
    Incurred losses 59.2
    Defense and cost containment expenses incurred 4.4
    Adjusting and other expenses incurred 6.6
Underwriting expenses (3)  
Expense ratio 27.8%
    Net commissions and brokerage expenses incurred 11.3
    Taxes, licenses and fees 2.4
    Other acquisition and field supervision expenses incurred 7.0
    General expenses incurred 7.1
Dividends to policyholders (2) 0.9%
Combined ratio after dividends (4) 98.9%

(1) After reinsurance transactions.
(2) As a percent of net premiums earned ($574.3 billion in 2019).
(3) As a percent of net premiums written ($585.0 billion in 2019).
(4) Sum of loss and LAE, expense and dividends ratios.

Note: Totals may not add due to rounding.

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

Property/Casualty 麻豆社 Industry Losses And Underwriting Expenses, 2018 (1)

Expense Percent of premiums
Losses and related expenses (2)  
Loss and loss adjustment expense (LAE) ratio 71.3%
    Incurred losses 60.6
    Defense and cost containment expenses incurred 4.1
    Adjusting and other expenses incurred 6.6
Underwriting expenses (3)  
Expense ratio 27.1%
    Net commissions and brokerage expenses incurred 11.5
    Taxes, licenses and fees 2.4
    Other acquisition and field supervision expenses incurred 6.7
    General expenses incurred 6.5
Dividends to policyholders (2) 0.6%
Combined ratio after dividends (4) 99.0%

(1) After reinsurance transactions.
(2) As a percent of net premiums earned ($598.6 billion in 2018).
(3) As a percent of net premiums written ($617.0 billion in 2018).
(4) Sum of loss and LAE, expense and dividends ratios.

Note: Totals may not add due to rounding.

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

Property/Casualty 麻豆社 Industry Underwriting Expenses, 2017 (1)

Expense Percent of premiums
Losses and related expenses (2)  
Loss and loss adjustment expense (LAE) ratio 75.9%
     Incurred losses 64.2
     Defense and cost containment expenses incurred 4.3
     Adjusting and other expenses incurred 7.4
Underwriting expenses (3)  
Expense ratio 27.0%
     Net commissions and brokerage expenses incurred 10.5
     Taxes, licenses and fees 2.4
     Other acquisition and field supervision expenses incurred 7.1
     General expenses incurred 7.0
Dividends to policyholders (2) 0.6%
Combined ratio after dividends (4) 103.6%

(1) After reinsurance transactions.
(2) As a percent of net premiums earned ($546.0 billion in 2017).
(3) As a percent of net premiums written ($558.2 billion in 2017).
(4) Sum of loss and LAE, expense and dividends ratios.

Note: Totals may not add up due to rounding.

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

Property/Casualty 麻豆社 Industry Underwriting Expenses, 2016 (1)

Expense Percent of premiums
Losses and related expenses (2)  
Loss and loss adjustment expense (LAE) ratio 72.3%
    Incurred losses 60.7
    Defense and cost containment expenses incurred 4.2
    Adjusting and other expenses incurred 7.4
Underwriting expenses (3)  
Expense ratio 27.8%
    Net commissions and brokerage expenses incurred 10.7
    Taxes, licenses and fees 2.5
    Other acquisition and field supervision expenses incurred 7.6
    General expenses incurred 7.0
Dividends to policyholders (2) 0.6%
Combined ratio after dividends (4) 100.6%

(1) After reinsurance transactions.
(2) As a percent of net premiums earned ($528.6 billion in 2016).
(3) As a percent of net premiums written ($533.5 billion in 2016).
(4) Sum of loss and LAE, expense and dividends ratios.

Note: Totals may not add due to rounding.

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

Property/Casualty 麻豆社 Industry Underwriting Expenses, 2015 (1)

Expense Percent of premiums
Losses And Related Expenses (2)  
Loss and loss adjustment expense (LAE) ratio 69.3%
    Incurred losses 57.4
    Defense and cost containment expenses incurred 4.5
    Adjusting and other expenses incurred 7.4
Underwriting Expenses (3)  
Expense ratio 27.9%
    Net commissions and brokerage expenses incurred 10.9
    Taxes, licenses and fees 2.5
    Other acquisition and field supervision expenses incurred 7.6
    General expenses incurred 6.9
Dividends To Policyholders (2) 0.6%
Combined Ratio After Dividends (4) 97.7%

(1) After reinsurance transactions.
(2) As a percent of net premiums earned ($511.5 billion in 2015).
(3) As a percent of net premiums written ($519.8 billion in 2015).
(4) Sum of loss and LAE, expense and dividends ratios.

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

PROPERTY/CASUALTY INSURANCE INDUSTRY UNDERWRITING EXPENSES, 2013 (1)

Expense Percent of  premiums
LOSSES AND RELATED EXPENSES (2)  
Loss and loss adjustment expense (LAE) ratio 67.4%
    Incurred losses 55.5
    Defense and cost containment expenses incurred 4.6
    Adjusting and other expenses incurred 7.3
UNDERWRITING EXPENSES (3)  
Expense ratio 28.3%
    Net commissions and brokerage expenses incurred 10.5
    Taxes, licenses and fees 2.6
    Other acquisition and field supervision expenses incurred 8.0
    General expenses incurred 7.2
DIVIDENDS TO POLICYHOLDERS (2) 0.6%
COMBINED RATIO AFTER DIVIDENDS (4) 96.3%

(1) After reinsurance transactions.
(2) As a percent of net premiums earned ($471.6 billion in 2013).
(3) As of percent of net premiums written ($481.2 billion in 2013).
(4) Sum of loss and LAE, expense and dividends ratios.

Source: SNL Financial LC.

Top 10 States For Wildfires Ranked By Number Of Fires And By Number Of Acres Burned, 2024

Rank State Number of fires Rank State Number of acres burned
1 California 8,316 1 Oregon 1,797,796
2 Texas 4,967 2 Texas 1,314,903
3 North Carolina 4,668 3 California 1,081,144
4 Oklahoma 3,041 4 Idaho 996,762
5 Missouri 2,804 5 Alaska 667,075
6 Georgia 2,492 6 Wyoming 620,069
7 Florida 2,348 7 Oklahoma 383,592
8 Montana 2,323 8 Montana 352,491
9 Oregon 2,232 9 Arizona 282,989
10 Arizona 2,191 10 Washington 275,593

Source: National Interagency Fire Center.