Personal Lines
Six Months Ended June 30, | ||||||
---|---|---|---|---|---|---|
2017 | 2016 | Change | ||||
Net premiums written (billions) | $ | 11.21 | $ | 9.89 | 13% | |
Net premiums earned (billions) | $ | 10.56 | $ | 9.33 | 13% | |
Loss and loss adjustment expense ratio | 72.8 | 75.7 | (2.9) pts. | |||
Underwriting expense ratio | 19.7 | 19.9 | (0.2) pts. | |||
Combined ratio | 92.5 | 95.6 | (3.1) pts. | |||
Policies in force (thousands) | 15,399.2 | 14,479.3 | 6% |
Commercial Lines
Six Months Ended June 30, | ||||||
---|---|---|---|---|---|---|
2017 | 2016 | Change | ||||
Net premiums written (billions) | $ | 1.52 | $ | 1.39 | 10% | |
Net premiums earned (billions) | $ | 1.32 | $ | 1.14 | 15% | |
Loss and loss adjustment expense ratio | 68.5 | 69.2 | (0.7) pts. | |||
Underwriting expense ratio | 22.1 | 22.7 | (0.6) pts. | |||
Combined ratio | 90.6 | 91.9 | (1.3) pts. | |||
Policies in force (thousands) | 625.7 | 600.3 | 4% |
Property
Six Months Ended June 30, | ||||||
---|---|---|---|---|---|---|
2017 | 2016 | Change | ||||
Net premiums written (billions) | $ | 0.51 | $ | 0.47 | 7% | |
Net premiums earned (billions) | $ | 0.47 | $ | 0.41 | 13% | |
Loss and loss adjustment expense ratio | 61.5 | 74.5 | (13.0) pts. | |||
Underwriting expense ratio1 | 36.0 | 34.8 | 1.2 pts. | |||
Combined ratio1 | 97.5 | 109.3 | (11.8) pts. | |||
Policies in force (thousands) | 1,311.1 | 1,177.0 | 11% |
1Underwriting expense and combined ratios for 2017 include 6.7 points of amortization expense predominately associated with the acquisition of a controlling interest in ARX; 2016 ratios include 7.6 points of amortization expenses, as well as 1.1 points related to a loss on an exchange transaction.