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Investor Presentaiton

NAIC NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS State Insurance Regulation: Key Facts and Market Trends The primary goal of state regulation is to protect insurance consumers, while recognizing that consumers as well as companies are well served by efficient, market-oriented regulation of the business of insurance. OVERVIEW OF THE UNITED STATES INSURANCE MARKET 2022 Data Year Property & Casualty* Life Health** U.S. Premiums by NAIC Financial Statement Type Fraternal Organizations*** Title Total 2013 $542,833,227,696 2014 $567,105,061,580 2015 2016 2017 2018 2019 2020 $674,190,146,476 $707,303,784,088 $723,246,793,358 $1,006,632,235,604 $589,667,150,148 $611,195,728,207 $785,304,558,898 $639,878,165,766 $810,086,066,759 $869,600,291,092 $942,312,241,837 $728,875,641,516 $737,379,318,108 $777,515,604,883 $570,418,613,975 $664,142,345,327 $10,215,713,285 $12,451,832,623 $1,864,795,029,095 $10,458,718,584 $11,060,055,329 $1,990,145,498,928 $745,397,969,897 $802,132,413,342 $846,780,935,013 $904,474,399,538 $958,805,424,749 $0 $1,042,296,991,090 $0 $10,867,996,721 $12,885,170,798 $2,136,333,892,447 $11,028,741,281 $14,030,332,178 $2,223,691,773,906 $10,222,142,527 $14,506,091,538 $2,321,473,401,603 $10,303,786,208 $14,631,346,937 $2,473,199,970,251 $15,650,177,336 $2,624,071,628,010 $19,243,067,702 $2,791,419,087,754 2021 $791,239,640,117 $1,085,563,498,797 $1,131,279,898,893 $0 $26,122,328,491 $3,034,205,366,298 2022 $868,174,858,151 $1,143,369,956,898 $1,236,369,783,627 $0 $21,895,885,175 $3,269,810,483,851 *Starting in 2004, Property/Casualty premiums include Supplemental State Funds. ** Starting in 2007, Health premiums include data filed with the California Department of Insurance. *** Starting in 2019, the Fraternal Organizations financial statement was combined with the Life financial statement. Source: National Association of Insurance Commissioners 2022 U.S. Premiums by NAIC IDRR Premium Category Total Life/ Annuities $3,128,658,831,179 $953,226,467,160 Property / Casualty Health Title Risk Retention Group All Other $5,684,795,947 $10,398,215,415 $785,807,492,523 $1,352,317,961,054 $21,223,899,080 Source: NAIC Insurance Department Resources Report 2022 U.S. Insurance Industry Information Captive Premium $44,918,924,655 Num of Captives 4,167 Captive Mean Premium $10,779,680 Domestic Premium $3,128,658,831,179 Num of Domestic 5,965 Source: NAIC Insurance Department Resources Report Domestic Mean Premium $524,502,738 2022 U.S. Insurance Department Information for All States Total Revenue Total State Tax Revenue $27,501,755,217 Total Budget $32,706,405,896 Source: NAIC Insurance Department Resources Report $1,745,764,738 Copyright ©2023 National Association of Insurance Commissioners. All rights reserved. Total Employment Consumer Inquiries Consumer Complaints 10,862 1,516,175 282,567
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