The annual IIAT report of Texas premium volume, loss ratio and market share – the 2015 Market Share Report – is now available for viewing on iiat.org. This year’s report tells a story of rising premiums, stable market share percentages and profitable loss ratios. Here are some of
Here are some of highlights from the report.
- Personal lines market share for Texas independent agency companies in 2015 increased slightly, from 26.7 percent in 2014 to 27.2 percent in 2015. Market share for independent agency companies has remained virtually unchanged for 11 years, ranging from a low of 25.6 percent in 2008 to a high of 27.4 percent in 2015.
- The 2015 aggregate loss ratio for all Texas companies for all lines of business was 60.4 percent (compared to 54.4 percent in 2014). The countrywide aggregate loss ratio was 57.2 percent (up slightly from 56.1 percent in 2014).
- Texas policyholders spent $48.1 billion on insurance premiums for all lines of insurance, up from $46.5 billion in 2014.
- Workers compensation premiums decreased to $2.7 billion in 2015, down 3.5 percent over 2014.
