Page 22 - Summary Report
P. 22
Market Profitability Measure
Combined ratios have been declining since hitting a peak in 2011. The
Calendar Year 2016 ratio is 115.1%. A combined ratio of less than 100%
means a company has collected more in premium than incurred on losses
and operational expenses, indicating an underwriting profit.
Source: NAIC Report on Profitability By Line By State
