Q4-2021 Earnings Report
Personal Lines Renewal Rate Change is Significant
PL generated over $101 million of additional premium in 2021 from rate actions.
Metric
2021 Q1
2021 Q2
2021 Q3
2021 Q4
FY 2021
Renewing Policies
PIF Avail. For Renewal
Renewal Acceptance
Company Initiated Non-Renewals
Renewal Acceptance xNon-Renewals
96,261
117,616
108,074
81,548
403,499
113,188
146,045
141,036
105,499
505,768
85.0%
80.5%
76.6%
77.3%
79.8%
5,499
16,204
20,982
12,099
54,784
89.4%
90.6%
90.0%
87.3%
89.5%
Renewed TIV
Expiring TIV
Additional TIV
Percent Change
46,237,580,569
45,141,713,970
1,095,866,598
58,139,263,405 52,974,505,316 40,125,486,367 197,476,835,657
56,762,386,238 51,714,741,393 38,764,093,047 192,382,934,649
1,376,877,167 1,259,763,923 1,361,393,320 5,093,901,008
2.4%
2.4%
2.4%
3.5%
2.6%
Renewed Premium
Expiring Premium
Additional Premium
Percent Change
176,691,374
156,290,267
20,401,107
13.1%
231,499,905 223,509,663
204,683,180 191,746,343
26,816,725 31,763,320
13.1%
16.6%
172,909,298
150,082,230
804,610,240
702,802,022
22,827,067
101,808,219
15.2%
14.5%
Renewal Premium Rate/$1k TIV
3.82
3.98
4.22
4.31
4.07
Expiring Premium Rate/$1k TIV
3.46
3.61
3.71
3.87
3.65
Annual Rate Change
10.4%
10.4%
13.8%
11.3%
11.5%
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