Program Statistics
Summary of Premiums and Losses
Crop Year 1/
year |
As of May 9, 2016 |
Premiums 2/
|
Losses
|
Loss Ratio
|
| Dollars (Billion) |
Percent |
| 2010 |
7.60 |
4.25 |
56 |
| 2011 |
11.97 |
10.87 |
91 |
| 2012 |
11.11 |
17.44 |
157 |
| 2013 |
11.81 |
12.08 |
102 |
| 2014 |
10.07 |
9.12 |
91 |
| 2015 |
9.75 |
6.13 |
63 |
1/ Crop year is year commodity is harvested.
2/ Premium listed contains both the producer paid premium and the federally subsidized portion of the premium.
Source: Summary of Business as of May 9, 2016
Crop Year Statistics as of May 9, 2016
| Category |
2010 |
2011 |
2012 |
2013 |
2014 |
2015 |
Policies
|
Number (Million) |
| 1.14 |
1.15 |
1.17 |
1.22 |
1.21 |
1.20 |
Farmer Paid Premium
|
Dollars (Billion) |
| 2.89 |
4.51 |
4.13 |
4.51 |
3.86 |
3.67 |
| Premium subsidies |
4.71 |
7.46 |
6.98 |
7.30 |
6.21 |
6.08 |
| Total premium |
7.60 |
11.97 |
11.11 |
11.81 |
10.07 |
9.75 |
| Indemnities |
4.25 |
10.87 |
17.44 |
12.08 |
9.12 |
6.13 |
| Insurance protection |
78.09 |
114.21 |
117.14 |
123.78 |
109.88 |
102.40 |
Loss ratio
|
Percent |
| 56 |
91 |
157 |
102 |
91 |
63 |
Decrease in premium and indemnities during the last two fiscal years is due primarily to the decrease in crop prices. Lower prices generally result in lower premiums. Lower lose ratio attributes to lower indemnity payments for last two fiscal years. Lower losses are due to
better weather and a decrease variability in prices between the beginning and ending of the growing season.
Source: Summary of Business as of May 9, 2016
Note: For weekly updates, please see the Summary of Business.
Contact Information
For more information, please contact RMA Public Affairs.
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