2012 Combined Ratio: 103.2

Haven’t seen the 2012 C.R. published yet, but maybe I missed it.

So here’s a chart I put together:

2012 C.R.This chart includes all the insurers that SNL Financial has captured through April 13. That means it includes mortgage insurers, which adds a couple of points in recent years. This year, eyeballing Q3 data, it looks like mortgage insurers add a couple of tenths to the industry total.

These numbers also include policyholder dividends, worth about 0.5 percentage points last year.

The AY C.R. was 105.9%, implying favorable development on prior of $12.2B, of which $3.4B occurred in Q4.

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One thought on “2012 Combined Ratio: 103.2

  1. […] combined ratio improved to 103.2 percent for 2012 from 108.1 percent for 2011. (Just like I said.)  Sandy forced the industry to post a 110.4 in Q4, up from 103.3 in […]

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