We write personal auto and other specialty property-casualty insurance and provide related services throughout the United States. Our Personal Lines business writes insurance for personal autos and recreational vehicles. Our Commercial Lines business writes primary liability, physical damage, and other auto-related insurance for autos and trucks owned and/or operated predominantly by small businesses. Our Property business writes personal property insurance for homeowners, other property owners, and renters.
Personal Lines |
SIX Months Ended JUNE 30, |
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2016 | 2015 | Change | ||||
Net premiums written (billions) | $ | 9.89 | $ | 8.93 | 11% | |
Net premiums earned (billions) | $ | 9.33 | $ | 8.51 | 10% | |
Loss and loss adjustment expense ratio | 75.7 | 73.7 | 2.0 pts. | |||
Underwriting expense ratio | 19.9 | 19.8 | 0.1 pts. | |||
Combined ratio | 95.6 | 93.5 | 2.1 pts. | |||
Policies in force (thousands) | 14,479.3 | 13,626.2 | 6% |
Commercial Lines |
SIX Months Ended JUNE 30, |
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2016 | 2015 | Change | ||||
Net premiums written (billions) | $ | 1.39 | $ | 1.11 | 25% | |
Net premiums earned (billions) | $ | 1.14 | $ | 0.96 | 20% | |
Loss and loss adjustment expense ratio | 69.2 | 61.2 | 8.0 pts. | |||
Underwriting expense ratio | 22.7 | 21.9 | 0.8 pts. | |||
Combined ratio | 91.9 | 83.1 | 8.8 pts. | |||
Policies in force (thousands) | 600.3 | 538.4 | 11% |
Property |
SIX Months Ended JUNE 30, |
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2016 | 2015 | Change | ||||
Net premiums written (billions) | $ | 0.47 | $ | 0.27 | NM | |
Net premiums earned (billions) | $ | 0.41 | $ | 0.20 | NM | |
Loss and loss adjustment expense ratio | 74.5 | 67.8 | 6.7 pts. | |||
Underwriting expense ratio | 34.8 | 31.7 | 3.1 pts. | |||
Combined ratio | 109.3 | 99.5 | 9.8 pts. | |||
Policies in force (thousands) | 1,177.0 | 1,054.7 | 12% |
NM = We began reporting our Property business as a segment on April 1, 2015, upon acquisition of a controlling interest in ARX; therefore, the six months ended June 30, 2015 only include results for three months and are not comparable to results reported for the six months ended June 30, 2016.