Lines of business.
The various types of auto coverage dominate the industry, followed
by workers' compensation workers' compensation, payment by employers for some part of the cost of injuries, or in some cases of occupational diseases, received by employees in the course of their work. . Both benefit from common legal provisions
that drivers and employers must obtain those coverages. A combined ratio
of 100 marks the break-even point break-even point - In the process of implementing a new computer language, the point at which the language is sufficiently effective that one can implement the language in itself. for profitability.
U.S. Property/Casualty Industry
Direct Premiums Written 2003
($ billions)
$90.8 Private Passenger Auto Liability
64.3 Private Passenger Auto Physical Damage
49.9 Workers' Compensation
48.4 Homeowners Mutiple Peril
48.1 Other Liability
31.4 Commercial Mutiple Peril
21.4 Commercial Auto Liability
10.8 Inland Marine
10.1 Medical Malpractice
9.1 Fire
7.6 Commerical Auto
Physical Damage
7.1 Allied Lines
4.3 Mortgage Guaranty
3.9 Surety
3.7 Products Liability
3.4 Multiple Peril Crop
3.1 Financial Guaranty
2.4 Ocean Marine
2.4 Aircraft
2.2 Farmowners Mutiple Peril
1.8 Earthquake
1.6 Federal Flood
1.2 Boiler and Machinery
1.2 Fidelity
0.9 Federal Employees Health
0.8 Credit
0.2 Burglary and Theft
10-Year Combined Ratios
By Line of Business
198.1 Products Liability
124.2 Medical Malpractice
118.7 Allied Lines
118.0 Commercial Mutiple Peril Liability
115.3 Earthquake
113.0 Commercial Auto Liability
112.4 Multiple Peril Crop
111.2 Workers' Compensation
106.8 Homeowners Multiple Peril
106.7 Farmowners Multiple Peril
106.0 Private Passenger Auto Liability
101.5 Surety
100.8 Aircraft
Below 100 represents underwriting profit.
98.4 Commerical Auto Physical Damage
97.4 Private Passenger
Auto Physical Damage
97.1 Ocean Marine
91.1 Fire
89.8 Credit
88.2 Fidelity
85.4 Inland Marine
83.8 Boiler and Machinery
72.9 Federal Flood
63.7 Mortgage Guaranty
59.5 Burglary and Theft
30.5 Financial Guaranty
(1) All references to combined ratio in this book are after dividend.
Source: Statistical Study (Published 07/06/2004)
Source: Best's Aggregates &Averages--Property/Casualty, Cumulative
by Line Direct Business Written--Industry
COPYRIGHT 2005 A.M. Best Company, Inc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
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