2021 |
2020 | 2019 | 2018 | 2017 | 2016 | |
---|---|---|---|---|---|---|
Class A Locally Incorporated | 9 | 9 | 9 | 9 | 9 | 9 |
Class A Approved External | 16 | 18 | 17 | 18 | 19 | 20 |
Class A Total | 25 | 27 | 26 | 27 | 28 | 29 |
Class B Captives Excluding SPCs | 486 | 486 | 490 | 525 | 521 | 536 |
Class B Captives - SPCs Only | 148 | 138 | 128 | 149 | 148 | 147 |
Class B Total | 634 | 624 | 618 | 674 | 669 | 683 |
B (i) |
452 | 451 | 457 | 501 | 508 | 0 |
B (ii) | 14 | 16 | 18 | 20 | 19 | 0 |
B (iii) | 168 | 157 | 143 | 153 | 142 | 0 |
Class C Total | 21 | 23 | 23 | 25 | 24 | 25 |
Class D Total | 6 | 5 | 5 | 4 | 3 | 3 |
Total Insurance Companies | 686 | 679 | 672 | 730 | 724 | 740 |
Portfolio Insurance Companies | 43 | 36 | 27 | 19 | 10 | 7 |
Licensed Insurance Agents | 36 | 46 | 45 | 46 | 47 | 46 |
Licensed Insurance Brokers | 23 | 23 | 23 | 26 | 29 | 42 |
Licensed Insurance Managers | 20 | 23 | 24 | 26 | 28 | 32 |
Property | Motor | Health | International Health | Liability | Marine & Aviation | Other | Life | Grand Total | |
---|---|---|---|---|---|---|---|---|---|
Gross Written Premiums | $155,257 | $31,328 | $205,403 | $8,548 | $38,769 | $25,250 | $25,915 | $16,795 | $507,265 |
Assumed premiums | $14,864 | $83 | $0 | $1,555 | $46,922 | $2,892 | $4,450 | $0 | $70,766 |
Ceded premiums | -$152,983 | -$16,131 | -$6,108 | $0 | -$3,709 | -$1,020 | -$5,540 | -$3,128 | -$188,619 |
Unearned premium adjustment | $13,662 | -$1,201 | -$134 | $0 | -$109 | $106 | $5 | $0 | $12,329 |
Net Earned Premium | $30,800 | $14,079 | $199,161 | $10,103 | $81,873 | $27,228 | $24,830 | $13,677 | $401,741 |
Net Claims and Adjustment Expenses Paid Life: Policy holder Benefits & Dividends | $9,631 | $12,678 | $162,024 | $4,298 | $28,267 | $5,118 | $7,332 | -$0 | $229,348 |
Net change in reported outstanding claims Life: Net changes to Actuarial Liabilities | -$7,301 | -$4,270 | -$31 | $0 | $19,347 | -$5,394 | $245 | $0 | $2,596 |
Change in IBNR | $0 | $141 | $7,702 | $0 | -$1 | $0 | $0 | $0 | $7,842 |
Incurred Loss Sub Total | $2,330 | $8,549 | $169,695 | $4,298 | $47,613 | -$276 | $7,577 | $5,261 | $245,047 |
Acquisition and General Expenses | -$2,123 | -$637 | $15,615 | $105 | $4,327 | $946 | $134 | $2,853 | $21,220 |
Total Underwriting Expenses | $207 | $7,912 | $185,310 | $4,403 | $51,940 | $670 | $7,711 | $8,114 | $266,267 |
Underwriting Income / (Loss) | $30,593 | $6,167 | $13,851 | $5,700 | $29,933 | $26,558 | $17,119 | $5,553 | $135,474 |
Motor | Property | Liability | Marine & Aviation | Health | International Health | Other |
Total Non-Life |
Total Life & Annuity | Grand Total | |
---|---|---|---|---|---|---|---|---|---|---|
Gross Written Premiums | $43,791,711 | $234,419,735 | $57,912,876 | $28,266,000 | $351,940,821 | $23,122,115 | $34,380,772 | $773,834,030 | $33,490,252 | $807,324,282 |
Assumed Premiums | -$28,860 | $38,359,164 | $94,420,708 | $17,828,000 | $0 | $1,775,506 | $8,410,554 | $160,765,072 | $0 | $160,765,072 |
Total Written Premium | $43,762,851 | $272,778,899 | $152,333,584 | $46,094,000 | $351,940,821 | $24,897,621 | $42,791,326 | $934,599,102 | $33,490,252 | $968,089,354 |
Reinsurance Ceded | $20,371,686 | $194,734,753 | $7,407,525 | $0 | $39,594,908 | $0 | $1,167,838 | $263,276,710 | $5,374,830 | $268,651,540 |
Unearned Premium Adjustment | $87,044 | $2,745,203 | -$206,355 | $0 | $34,349 | $0 | -$2,420 | $2,657,821 | $11,882 | $2,669,703 |
Net Earned Premiums | $23,332,981 | $75,298,943 | $145,387,515 | $41,625,908 | $312,311,564 | $24,897,621 | $41,625,908 | $664,480,440 | $28,103,540 | $692,583,979 |
Commissions Received | $3,864,879 | $32,731,771 | $2,390,818 | $0 | $1,250,797 | $0 | $100,350 | $40,338,615 | $22,844 | $40,361,459 |
Total Underwriting Income | $27,197,860 | $108,030,714 | $147,532,884 | $46,094,000 | $313,562,361 | $24,897,621 | $41,726,258 | $709,041,698 | $28,126,384 | $737,168,081 |
Net Claims Paid | $18,494,806 | $13,377,588 | $45,218,715 | $8,267,000 | $237,748,921 | $17,092,223 | $7,819,945 | $348,019,198 | $8,804,302 | $356,823,500 |
Movement in Claim Reserves | -$6,335,619 | $7,099,367 | $14,930,032 | -$825,000 | $7,290,821 | -$314,012 | -$194,484 | $21,651,105 | $13,300,167 | $34,951,272 |
Acquisition Costs | $3,585,901 | $30,469,928 | $1,551,013 | $0 | $19,367,412 | $0 | $67,833 | $55,042,087 | $4,730,473 | $59,772,560 |
Other Underwriting Expenses | $269,788 | $1,347,443 | $4,468,098 | $891,000 | $3,059,955 | $621,857 | $425,490 | $11,083,631 | $1,848,469 | $12,932,100 |
Total Underwriting Expenses | $16,014,876 | $52,294,326 | $66,167,857 | $8,333,000 | $267,467,109 | $17,400,068 | $8,118,784 | $435,796,021 | $28,683,411 | $464,479,431 |
Underwriting Profit / (Loss) | $11,182,984 | $55,736,388 | $81,553,102 | $37,761,000 | $46,095,252 | $7,497,553 | $33,607,474 | $273,433,752 | -$557,027 | $272,876,725 |
Risk Location | Licence Count by Risk Location | % Count by Risk Location | Total Premium | Total Assets Value |
---|---|---|---|---|
Africa, Asia & Middle East | 8 | 1% | $966,015,177 | $1,992,155,455 |
Caribbean & Latin America | 23 | 3% | $354,812,974 | $1,524,809,540 |
Europe | 7 | 1% | $16,995,880 | $697,484,524 |
North America | 596 | 89% | $20,015,155,060 | $57,490,248,692 |
Pacific Rim | 2 | 0% | $9,823,000 | $68,434,000 |
Worldwide | 32 | 5% | $1,669,178,636 | $12,855,159,795 |
Total | 668 | 100% | $23,031,980,727 | $74,628,292,006 |
International Insurance Company by Primary Class of Business Q3 2022
Business Class | Licensee Count | % of Licensees | Total Premium | Total Asset Value |
---|---|---|---|---|
Accident & Health | 11 | 2% | $134,105,975 | $514,864,226 |
Automobile P.D. & Liability | 29 | 4% | $1,015,294,339 | $2,868,441,887 |
Credit Life | 8 | 1% | $544,095,017 | $600,337,662 |
Crime | 1 | 0% | $2,914,689 | $10,779,179 |
Deferred Variable Annuities | 9 | 1% | $30,538,147 | $1,734,312,627 |
General Liability | 84 | 13% | $1,466,795,186 | $3,884,273,783 |
Healthcare | 20 | 3% | $4,512,719,444 | $3,331,827,646 |
HPL and Physicians Liability | 29 | 4% | $185,028,886 | $868,036,573 |
Life | 26 | 4% | $2,891,228,557 | $18,902,862,140 |
Marine and Aviation | 8 | 1% | $39,522,834 | $368,058,084 |
Medical Malpractice Liability | 143 | 21% | $2,751,837,185 | $12,765,663,724 |
Products Liability | 13 | 2% | $62,649,534 | $308,071,468 |
Professional Liability | 58 | 9% | $547,153,884 | $2,292,172,321 |
Property | 72 | 11% | $4,073,322,310 | $10,607,530,461 |
Surety Bonds | 8 | 1% | $43,098,381 | $532,263,094 |
Workers' Compensation | 149 | 22% | $4,731,676,359 | $15,038,797,131 |
Total | 668 | 100% | $23,031,980,727 | $74,628,292,006 |
International Insurance Company by Category Q3 2022
Category | Count of Category | % of Category | Total Premium | Total Assets Value |
---|---|---|---|---|
Commercial Insurer | 18 | 3% | $151,524,186 | $2,635,223,281 |
Group Captive | 128 | 19% | $3,645,866,483 | $10,519,879,358 |
Pure Captive | 278 | 42% | $4,203,295,766 | $18,511,340,944 |
Reinsurance Companies | 75 | 11% | $12,063,248,644 | $28,429,564,034 |
Segregated Portfolio Company | 149 | 22% | $2,688,778,863 | $10,721,227,072 |
Special Purpose Vehicle | 20 | 3% | $279,266,785 | $3,811,057,317 |
Total | 668 | 100% | $23,031,980,727 | $74,628,292,006 |
License Class | Count of Category | % of License Count | Total Premium | Total Assets Value |
---|---|---|---|---|
Class B Insurer | 639 | 96% | $20,998,261,483 | $67,101,446,094 |
Class C Insurer | 22 | 3% | $279,266,785 | $3,811,057,317 |
Class D Insurer | 7 | 1% | $1,754,452,459 | $3,715,788,595 |
Grand Total | 668 | 100% | $23,031,980,727 | $74,628,292,006 |
Note: $ figures are in USD