Investor Presentaiton
$20
$16
$12
$8
(Millions)
$4
$0
(Millions)
$1,000
$800
$600
$400
$200
$0
17
L
17
17
NAIC
NATIONAL ASSOCIATION OF
INSURANCE COMMISSIONERS
State Insurance Regulation in South Dakota: Key Facts and Market Trends
Overview of the 2022 Insurance Market In South Dakota
Premium by Line of Business in South Dakota
Total Direct Premium Written In-State
Line of Business
All Types of Insurance
Farm
Premium
Written
$1,375,812,920
State
% of
Rank
U.S.
6
5.66%
$10,000
Automobile
$887,442,484
46
0.26%
Homeowners multiple peril
$373,651,753
46
0.28%
Other
$203,814,220
50
0.17%
Commercial multi peril
$202,172,768
48
0.37%
$8,000
Workers' compensation
$181,201,041
49
0.30%
Ocean & Inland Marine
$101,018,622
50
0.27%
Crop
$88,074,496
6
5.98%
Allied lines
$60,871,401
42
0.28%
Millions
$6,000
Fire
$58,345,396
48
0.28%
$4,000
$2,000
$5,296
$0
$5,617
$5,924
$5,989
2017
$6,615
$6,448
$6,936
$7,728
2021
$8,833
$9,557
Surety
$32,699,719
46
0.39%
Medical professional-Claims Made
$15,917,849
51
0.17%
Products liability-Occurance
$15,785,349
38
0.39%
Accident & Health
$15,189,572
50
0.20%
Aircraft (all perils)
$14,383,153
40
0.54%
Mortgage guaranty
$13,636,481
49
0.24%
Boiler and machinery
$10,853,827
44
0.46%
Credit
$7,277,738
45
0.28%
Fidelity
$3,658,262
48
0.25%
Medical professional-Occurance
$2,393,664
51
0.09%
2022
Federal flood
$2,065,143
47
0.07%
Products liability-Claims Made
$1,723,032
45
0.20%
Private Flood
$1,268,467
52
0.10%
Burglary and theft
$932,974
49
0.17%
Earthquake
$928,323
53
0.02%
Source: National Assoication of Insurance Commissioners.
Financial guaranty
Total
$253,787
$3,671,372,864
39
0.07%
40
0.42%
Premium Written for Automobile
Insurance
5/9
706
745
763
821
887
(Millions)
$400
$350
$300
$250
$200
$150
$100
$50
$0
234
Premium Written for
Homeowners Insurance
▬▬▬▬▬▬
Source: National Association of Insurance Commissioners
279
298
330
374
(Millions)
Premium Written for
Commercial
MP
Insurance
$240
$200
$160
$120
$80
127
$40
$0
2014
2015
129
2016
133
2017
134
2018
137
2019
144
2020
153
2021
172
2022
202
Premium Written for Medical
Premium Written & Deposits for
Liability Insurance
Life Insurance *
$3,500
$3,000
$2,800
$2,400
$2,500
$2,000
C
15
от
L
8T
18
18
(Millions)
$2,000
$1,500
$1,000
$500
5
9
7
2014
1,422
2015
1c21
1,621
2016
1,555
2017
2,040
2018
2019
2,201
1,805
2,332
3,362
3,280
(Millions)
$1,600
$1,200
$800
$400
$0
Premiums Written & Deposits for
$0
Figures include Life, Annuities, Deposit Type Funds, and Other Considerations from the NAIC Life, and Fraternal financial statements.
** Figures include Health data from the NAIC Health, Life, and Fraternal financial statements and California Insurance data.
Figures include data from State Funds where applicable.
Copyright ©2023 National Association of Insurance Commissioners. All rights reserved.
Health Insurance ***
1,700
1771
1,896
1,982
2,067
2,145
2,305
2,367
2,551View entire presentation