Archived File - for Reference Use
This file is historical in nature. Links and contact information may be outdated and no longer valid.
March 23, 2009
Texas Homeowners Insurance Loss Data 1992-2008
| Year | Direct Premiums Earned ($) | Direct Losses Incurred ($) | Incurred Loss1 Ratio | Combined Loss & Expense Ratio |
|---|---|---|---|---|
| 1992 | 1,786,929,066 | 1,926,584,308 | 107.8 | 151.1 |
| 1993 | 1,916,266,180 | 1,266,821,284 | 66.1 | 105.4 |
| 1994 | 2,087,305,728 | 1,530,838,923 | 73.3 | 115.2 |
| 1995 | 2,188,807,260 | 2,025,806,202 | 92.6 | 133.3 |
| 1996 | 2,329,765,210 | 1,382,897,123 | 59.4 | 99.0 |
| 1997 | 2,468,086,626 | 1,118,004,785 | 45.3 | 85.7 |
| 1998 | 2,633,703,160 | 1,194,948,538 | 45.4 | 87.7 |
| 1999 | 2,804,336,380 | 1,421,627,819 | 50.7 | 93.3 |
| 2000 | 2,907,168,495 | 2,431,007,220 | 83.6 | 126.7 |
| 2001 | 3,121,726,707 | 3,648,017,214 | 116.9 | 165.6 |
| 2002 | 3,802,852,983 | 4,142,463,985 | 108.9 | 158.5 |
| 2003 | 4,324,626,880 | 2,526,263,799 | 58.4 | 96.4 |
| 2004 | 4,361,635,314 | 1,213,088,301 | 27.8 | 60.6 |
| 2005 | 4,610,859,573 | 2,609,419,843 | 56.6 | 91.7 |
| 2006 | 4,604,385,162 | 1,566,429,126 | 34.0 | 68.1 |
| 2007 | 5,000,782,866 | 1,820,164,762 | 36.4 | 71.0 |
| 2008* | 5,169,021,636 | 6,565,744,849 | 127.0 | 165.0 |
| 03 - 08 TOTAL | 28,071,311,431 | 16,301,110,680 | 58.1 | 93.5 |
| 92 - 08 TOTAL | 56,118,259,226 | 38,390,128,081 | 68.4 | 107.9 |
1 Loss ratio excludes loss adjustment expense, commissions, taxes and other overhead expenses.
* 2008 loss data is preliminary but represents all major insurers. Expense data includes direct Texas expenses; countrywide expenses attributable to Texas have not yet been reported for 2008 and therefore historic values were used to determine current estimates.
- What is a loss ratio? - Loss ratio is basically the percentage of losses, (claims insurers have paid) versus what they have collected in premiums.
- Combined loss ratios are a better snapshot of what is happening. The combined loss and expense ratio takes into account a company’s expenses for agent commissions, overhead, and administrative costs.
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Last updated: 03/23/2009
Archived File - for Reference Use
This file is historical in nature. Links and contact information may be outdated and no longer valid.
