Investor Presentaiton
$ Thousands
28
20
Indemnity Severity
-Minnesota
26
26
-NCCI States
24
24
22
22
21.5
6920
18.6
18
16
2011
2012 2013 2014
Countrywide series from NCCI AIS State of the Market
Minnesota series from MWCIA Financial data
Excludes COVID-19 claims
3.7%
3.4%
2015 2016
Accident Year
25.4
23.2
(Excl CV-19)
▲ 18.4
(Incl CV-19)
Comments
Indemnity severity growth for NCCI
states averaged 3.7% per year since
2016, where we see an uptick in the
average.
Similarly, Minnesota has increased an
average of 3.4% per year since 2016,
but remained nearly flat in 2020 with
the average indemnity severity
decreasing by $91.
Incorporating COVID-19 claims drags
the average down to just below the
2011 level.
2017
2018
2019
2020p
MWCIA
years
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