IIABL 2021 Marketplace Report

LOUISIANA MARKETPLACE REPORT

Prepared by Ben Albright Vice President of Strategic Initiatives

INTRODUCTION & PURPOSE

You are being provided this summary of the Louisiana property and casualty (P C) insurance marketplace as a benefit of your membership in the Independent Insurance Agents & Brokers of Louisiana.

What follows is a graphic and numeric presentation of the Louisiana P-C industry data from an independent agent’s perspective This summary emphasizes direct premiums, direct losses and the associated direct underwriting results before reinsurance. As independent agents, this is the marketplace experience for the business we place (or compete against) for our clients in Louisiana. Included in this summary is data from nearly 3,000 insurers that are domiciled in the United States Then, if they have written premiums in Louisiana, their data is included in this summary.

The summary starts with a direct premium listing of all 32 lines of business reported by P-C insurers, for all distribution styles in Louisiana The presentation of data then focuses on the 26 lines of business independent agents work with most For these agent focused lines of business, data is provided on loss ratios, growth rates, penetration rates by the various distribution

styles and commission rates In addition, and important to independent agents, a breakout of surplus lines activity is provided to show trends, and utilization rates. United States national data is provided for comparison purposes.

For those readers interested in the details, a separate page is provided for each of the 26 lines of business independent agents work with most Five year premiums are provided, loss and combined ratios, penetration rates by distribution style and information on the numbers and largest insurers. The lines of business are provided in alphabetical order, and the applicable line of business detail page number is shown in the Table of Contents

On the product details pages, any line of business in the Top 10 is highlighted with a small pie chart in the upper right hand corner which shows its relative position in the ranking of premiums written by independent agents, in Louisiana.

Last, appendices are provided for information on approaches taken to presenting the industry data, definitions and additional information that may further interest the reader.

TABLE OF CONTENTS

Premiums: All P-C

of Business

Premiums: Top Agent-Focused

Loss Ratios: Agent-Focused

Premium Growth Rates: Agent-Focused

Penetration: Top Agent-Focused

Commissions: Top Agent-Focused

Surplus Lines: Top Lines, Premiums

Louisiana Lines of Business:

Total All P C Lines of Business Aircraft (all perils)

All Commercial Auto

All Private Passenger Auto Allied Perils Only Boiler & Machinery Burglary & Theft Commercial Multi-Peril Earthquake Excess Workers’ Comp Farmowners Multi Peril

Federal Flood Fidelity Fire Peril Only Homeowners

Inland Marine International Medical Malpractice Multi-Peril Crop Ocean Marine

Other Liability (Claims made) Other Liability (Occurrence) Private Crop Private Flood Products Liability Surety Workers' Compensation

Premiums: All P-C Lines of Business - All Distribution Styles

Accident & Health

Aggregate Write Ins

*Aircraft (all perils)

*All Commercial Auto

*All Private Passenger Auto

*Allied Perils Only Machinery

*Burglary & Theft

*Commercial Multi Peril Credit

*Earthquake

*Excess Workers' Comp

*Farmowners Multi Peril

*Federal Flood

*Fidelity Financial Guaranty

*Fire Peril Only

*Homeowners Multi Peril

*Inland Marine

*International

*Medical Malpractice Mortgage Guaranty

*Multi Peril Crop

*Ocean Marine

*Other Liability (Claims made)

*Other Liability (Occurrence)

*Private Crop

*Private Flood

*Products Liability

*Surety Warranty

*Workers' Compensation

$82,259,000 $16,964,000 $48,990,000

$989,262,000

$4,832,960,000 $591,898,000 $45,214,000 $5,287,000 $590,031,000 $27,957,000 $6,650,000 $48,353,000 $14,742,000 $283,342,000 $13,624,000 $8,566,000

$423,264,000

$511,936,000

$2,055,110,000

$0

$108,530,000 $64,835,000 $128,998,000 $155,696,000 $272,430,000 $896,168,000 $5,839,000 $24,977,000 $45,931,000 $135,346,000 $8,436,000 $804,978,000

$0 $1,000,000,000 $2,000,000,000 $3,000,000,000 $4,000,000,000 $5,000,000,000

Notes or Comments: The above chart shows all 32 lines of business that P C insurers are required to report on in their annual statement. The lines of business are listed in alphabetical order. The 26 agent focused lines of business are emphasized above with an asterisk (*). These are the lines of business that are included whenever a total is provided for Total (IA Focused Lines) in the remainder of this 2021 Louisiana P C Marketplace Summary The lines of business that are not included in Total (IA Focused Lines) are Accident & Health, Aggregate Write ins, Credit, Financial Guaranty, Mortgage Guaranty, and Warranty. These 6 lines of business are about 2.5% of all premiums in 2021.

Additional data on all 32 lines of business is provided in Appendix #1: All Lines of Business Additional Details.

Source: © A M Best Company used by permission

Louisiana Total Premiums Perspective

The previous page showed total premiums and premiums by line of business. To add perspective to that, below are some standardized measures of total premiums for Louisiana compared to other states, from data similar to the above.

In the below table, Total (All Lines) includes premiums for all 32 lines of business shown above, including Credit The combined premiums for Personal Lines is All Private Passenger Auto, Homeowners Multi Peril and Farmowners Multi Peril Commercial Lines is all other lines of business except All Private Passenger Auto, Homeowners Multi Peril, Farm owners Multi Peril and Credit.

United States

Total (All Lines) Premiums

Total (All Lines) Per Capita Premium

Personal Lines Per Capita Premium

Commercial Lines Per Capita Premium

$785 Billion

$2,369

$1,163

Smallest/ Lowest State

$1 4 Billion (Vermont #51)

$1,674 (Ohio #51)

$835 (District of Columbia #51)

Largest/Highest State

$97 3 Billion (California #1)

$3,839 (North Dakota #1)

$1,621 (Florida #1)

$1,186

$730 (West Virginia #51)

$2,647 (North Dakota #1)

Louisiana (Rank)

$13 2 Billion (#22) $2,844 (#7) $1,482 (#3)

$1,345 (#17)

TOP LINES OF BUSINESS PERSPECTIVE

The United States overall, and most states individually, see Private Passenger Auto as the largest premium line of business through independent agents. This is case in about 80% of the states, but there are exceptions Those exceptions are a handful of Midwest states, which have Multi Peril Crop as their highest premium line of business, followed by several states with Other Liability (Occurrence) or Other Liability (Claims Made), a few states with Workers’ Compensation, and finally one state with Homeowners Multi Peril

Line of Business

All Commercial Auto

All Private Passenger Auto Commercial Multiple Peril Inland Marine

Other Liability (Occurrence)

Homeowners Multi Peril Other Liability (Claims Made) Workers' Compensation

Fire

Multi Peril Crop

Allied Lines

Medical Professional Liability

Surety

Farmowners Multi Peril Accident & Health Lines

Private Crop Earthquake Aircraft (all perils)

Ocean Marine Warranty

There are consistencies in the highest premium generating lines of business. To get a sense for that, in the table below are the lines that are present in at least one state’s Top 10, along with the percent of states where that line of business is in the top 10 The percentages are approximate, as small changes in premiums can result in variances, particularly in the last of the lines listed.

States with Product in Top 10 100% 100% 100% 100% 100%

80% to 95% 80% to 95% 80% to 95% 80% to 95% 45% 35% 10% 10% 10% 5% 5% 5% 2% 2% 2%

LOUISIANA LOSS RATIO PERSPECTIVE

All Commercial Auto

All Private Passenger Auto

Allied Perils Only

Boiler & Machinery

Burglary & Theft Commercial Multi Peril Earthquake

Excess Workers' Comp Farmowners Multi Peril

Federal Flood Fidelity Fire Homeowners Multi Peril

Inland Marine

Medical Malpractice

Multiperil Crop Ocean Marine

Other Liability (Claims made)

Other Liability (Occurrence)

Private Crop

Private Flood Products Liability

Surety

Workers' Compensation (*)

Total (All Lines)

2021 Louisiana Loss Ratio

49% 79% 76% 588% 21% 47% 344% 17% 49% 206% 263% 8% 318% 403% 80% 31% 108% 122% 57% 64% 128% 66% 54% 22% 41% 168%

2021 United States Loss Ratio

As can be seen in the above, loss ratios can vary in the short run from the long run. Loss ratios can also vary by state. For added perspective on Louisiana’s loss ratios, below is a table of the 2021 Louisiana loss ratios contrasted with the United States average loss ratios Aircraft (all perils)

54% 64% 69% 79% 38% 52% 61% 3% 41% 65% 48% 28% 68% 69% 49% 55% 76% 54% 56% 61% 89% 46% 52% 16% 51% 63%

Source: © A.M. Best Company used by permission (*Individual state experience for workers’ compensation in North Dakota, Ohio, Washington and Wyoming is not used for highlights as these are monopolistic fund states and premiums are small and loss ratios can vary widely Also International is not shown due to limited data )

Premium Growth Rates: Agent-Focused Lines of Business

(all

Commercial Auto

Private Passenger

Allied Perils Only

Boiler & Machinery

Burglary

Theft

Commercial Multi Peril

Excess Workers' Comp

Farmowners Multi Peril Federal Flood

Fire Peril Only

Homeowners Multi Peril

Inland Marine

Medical Malpractice Multi Peril Crop

Marine

Other Liability (Claims

Liability

Crop

Flood

Liability

LOUISIANA GROWTH RATE PERSPECTIVE

All Commercial Auto

All Private Passenger Auto

Allied Perils Only

Boiler & Machinery

Burglary & Theft Commercial Multi Peril Earthquake

Excess Workers' Comp Farmowners Multi Peril

Federal Flood Fidelity Fire Homeowners Multi Peril

Inland Marine Medical Malpractice

Multiperil Crop Ocean Marine

Other Liability (Claims made)

Other Liability (Occurrence)

Private Crop

Private Flood Products Liability

Surety

Workers' Compensation (*)

Total (All Lines)

Louisiana 1-Yr Growth

2% 15% 2% 16% 26% 16% 5% 14% 5% 2% 6% 13% 11% 0% 15% 4% 43% 1% 15% 7% 39% 31% 2% 21% 4% 5%

United States

1-Yr Growth

Premium growth rates can vary considerably by line of business. They can also vary considerably by state. To provide perspective on Louisiana growth rates, below is the 1 year growth rates by line of business in Louisiana contrasted with average growth rates in United States Aircraft (all perils)

14% 17% 5% 12% 11% 7% 8% 11% 2% 5% 1% 7% 13% 8% 15% 10% 37% 13% 31% 16% 14% 45% 4% 7% 3% 10%

LOUISIANA PENETRATION PERSPECTIVE

Independent agent penetrations vary by line of business but also by state. To give perspective on Louisiana’s penetrations rates, below is a table of the line of business penetration rates in Louisiana contrasted with the average penetration in all the United States.

Louisiana Penetration

Aircraft (all perils)

All Commercial Auto

All Private Passenger Auto Allied Perils Only

Boiler & Machinery

Burglary & Theft Commercial Multi Peril Earthquake

Excess Workers' Comp Farmowners Multi Peril

Federal Flood Fidelity Fire Homeowners Multi Peril

Inland Marine

Medical Malpractice

Multiperil Crop

Ocean Marine

Other Liability (Claims made)

Other Liability (Occurrence)

Private Crop

Private Flood Products Liability

Surety

Workers' Compensation (*)

Total (All Lines)

99% 78% 26% 87% 95% 77% 84% 82% 98% 34% 74% 86% 92% 44% 78% 93% 100% 96% 94% 88% 100% 81% 97% 87% 95% 57%

United States Average

95% 85% 32% 86% 93% 96% 84% 87% 94% 40% 78% 91% 88% 49% 77% 75% 96% 96% 92% 86% 96% 84% 94% 86% 90% 62%

(International not shown less than 5 years data is available)

Commissions: Top Agent-Focused Lines of Business

Fidelity

Surety

Surplus Lines: Top Lines, Premiums &

all the preceding charts and tables, surplus lines premiums are combined with admitted insurance premiums. In the above pie and bar charts, the surplus lines premiums are shown separately The pie chart shows the lines of business where surplus lines has the most premiums in Louisiana. Also provided are total direct written premiums in surplus lines, and the percentage those total direct written premiums are to all direct written premiums.

note the pie chart and bar chart/line chart above are premiums for insurers domiciled in one

the 51 states

Washington, DC

writing surplus lines insurance The premiums of these insurers

their licensed status Also, the above data does not include alien insurers

the 51 states). If alien premiums

surplus lines premiums

lines insurer

identified

insurers not

in

alien

insurer

LOUISIANA SURPLUS LINES PERSPECTIVE

The need for surplus lines varies widely by line of business and from state to state. Below are the line of business utilization rates for Louisiana contrasted with the average utilization with those lines of business in the United States

Aircraft (all perils)

All Commercial Auto

All Private Passenger Auto Allied Perils Only

Boiler & Machinery

Burglary & Theft Commercial Multi Peril Earthquake Excess Workers' Comp Farmowners Multi Peril Federal Flood Fidelity Financial Guaranty Fire Peril Only Homeowners Multi Peril

Inland Marine International Medical Malpractice Multiperil Crop Ocean Marine

Other Liability (Claims made)

Other Liability (Occurrence)

Private Crop

Private Flood Products Liability

Surety

Workers' Compensation (*)

Total (All Lines)

Louisiana Surplus Lines Usage Rate

0 0% 22.3% 0.0% 40.6% 7.0% 15.4% 28.4% 57 0% 0 0% 0.3% 0.1% 2.1% 0.0% 49.7% 4.3% 5 3% 32.5% 0.0% 2.4% 39.3% 46.1% 0.0% 41 2% 57 3% 0.0% 0.0% 11.8%

United States Average

2 1% 6.3% 0.2% 29.8% 7.4% 19.8% 8.7% 44 5% 0 5% 0.4% 2.4% 2.2% 0.0% 33.1% 2.3% 6 1% 90 8% 24.4% 0.0% 3.3% 34.9% 29.6% 0.1% 41 0% 45 4% 0.5% 0.5% 8.3%

LOUISIANA LINES OF BUSINESS: PRODUCT DETAILS

The following pages provide more in depth detail on the 26 lines of business that independent agents in Louisiana focus on The first line of business provided is a summary for all lines combined, the Total All P C Lines of Business page. Then, the 26 lines of business detail pages are presented in alphabetical order.

The details provided for each major line of business in Louisiana are:

A summary bar chart of 5 years data on premiums for all distribution types (dark blue), and premiums written through independent agents (light blue). For the premium chart the classification of premiums through independent agents is based on a categorization of agents by distribution style. The categorization approach is explained in Appendix #2: Distribution Style Classifications. 5 year average line charts, showing the Loss ratio (dashed red line) and combined ratio (solid red line) are provided The direct written premium for independent agents, exclusive captive agents, and direct agents is provided with the percentage of the total. Surplus Lines premiums through any distribution style is provided with its corresponding percentage of all premiums. The number of active insurers is provided with the number of independent agents, exclusive captive agent and direct insurers provided for each line of business. The number of active surplus lines insurers is also provided.

1 year and 5 year growth rates are provided for independent agent, exclusive captive and direct insurers The percentage premiums through insurers licensed as surplus lines is also provided. Top Insurers: The top 5 insurer groups in each line of business is provided with that group’s premiums, 1 year loss ratio, and 1 year growth rate Groups of insurers sometimes are made up of multiple policy issuing insurers in a particular group but it can also be only one policy issuing insurer in that group. After the top groups, listed are the top policy issuing insurers distributing insurance through independent agents, captive exclusive agents, direct insurers, surplus lines insurers and the top risk retention group (if any) for the line of business For each policy issuing insurer the premium for the insurer in that line of business is shown with the 1 year loss ratio and 1 year growth rate.

As you scroll through the following lines of business pages take notice if a small pie chart thumbnail is presented at the upper right If there is a pie chart present, that means the product is in the top 10 lines of business for independent agents in Louisiana. The broken out pie slice in that small pie chart represents the position of that line of business, and its rank order based on independent agent premium volume The rank order is based on direct written premium and corresponds to the pie chart slice highlighted on Page 4 of this 2021 Louisiana P C Marketplace Summary.

For further clarification on lines of business, Appendix #3: NAIC Line of Business Definitions is provided for the reader And, a visual guide to the data and calculations in the product details is provided in Appendix #4: Product Details Explanation.

Ind. Agent DPW

$7,550,463,000

IA+MGA+IA Mixed Penetration 57%

IA+MGA+IA Mixed Insurers 590

1 yr/5 yr: IA+MGA+IA Mixed 9%/6%

Exclusive Agents DPW $3,489,798,000

Exclusive Penetration 26%

Exclusive Insurers 48

1 yr/5 yr: Exclusive

Top

State Farm

Progressive Security Insurance

Workers' Compensation

Continental Casualty Company

Imperial Fire and Casualty

Scottsdale Insurance Company

GoAuto Insurance Company

Wright National Flood Insurance Company

Houston Specialty Insurance Company

State Farm Mutual Automobile Ins Co

State Farm Fire and Casualty Company

Allstate Property and Casualty Ins Co

GEICO Casualty Company

Progressive Paloverde Insurance Company

United Services Automobile Association

Scottsdale Insurance Company

Houston Specialty Insurance Company

Blue Hill Specialty Insurance Company

OOIDA

Direct DPW $2,088,739,000

Direct Penetration 16%

Direct Insurers 87

yr/5 yr:

Surplus Lines DPW $1,564,920,000

Surplus Lines Utilization 11 8%

Surplus Lines Insurers 140

yr/5

Lines 20%/13%

2021 DPW $2,094,932,000 $1,201,725,000 $971,549,000 $773,436,000 $516,928,000 $13,248,569,000 $600,167,000 $229,758,000 $168,917,000 $168,171,000 $136,057,000 $167,364,000 $97,170,000 $82,745,000 $1,350,074,000 $707,467,000 $366,564,000 $422,422,000 $397,578,000 $147,889,000 $136,057,000 $82,745,000 $58,019,000 $5,883,000

2021 Adj Loss Ratio

2021 Growth Rate

Name or ALL

Top 10 Pure Independent Agent Broker Policy Issuing Insurers

Top 3 MGA/Wholesale Policy Issuing Insurers

Top 3 Captive Exclusive Policy Issuing Insurers

Top 3 Direct Policy Issuing Insurers

Top 3 Surplus Lines Policy Issuing Insurers

Top Individual RRG

Insurance Group

Ind. Agent DPW $48,385,000

IA+MGA+IA Mixed Penetration 99%

IA+MGA+IA Mixed Insurers 23

1 yr/5 yr: IA+MGA+IA Mixed 1%/4%

Exclusive Agents DPW $299,000

Exclusive Penetration

Exclusive Insurers

yr/5

Direct DPW $306,000

Direct Penetration 1%

Direct Insurers 1 1 yr/5 yr: Direct

Top

Surplus Lines DPW ($18,000)

Surplus Lines Utilization

Surplus Lines Insurers

2021

Loss Ratio

2020 2021 Growth Rate

Name or ALL L

B

Top 10 Pure Independent Agent Broker Policy Issuing Insurers

Top 3 MGA/Wholesale Policy Issuing Insurers

Top 3

2021 DPW $10,945,000 $6,487,000 $4,653,000 $4,257,000 $3,631,000 $48,988,000 $10,945,000 $6,852,000 $4,653,000 $4,257,000 $3,631,000 $855,000 $816,000 $299,000 $306,000

Policy

Insurers

Top 3 Direct Policy Issuing Insurers

Top 3 Surplus

Policy Issuing Insurers

Individual

International Group

Marine

Ind. Agent DPW $775,833,000

IA+MGA+IA Mixed Penetration 78%

IA+MGA+IA Mixed Insurers 233

1 yr/5 yr: IA+MGA+IA Mixed 14%/9%

Exclusive Agents DPW $94,914,000

Exclusive Penetration 10%

Exclusive Insurers 17

1 yr/5 yr: Exclusive

Top

Groups

Skyward

Insurance

Blue Hill Specialty Insurance

Union

AmGUARD

The Gray

Travelers

Houston Specialty

Clear Blue

Blue

State Farm Mutual

State Farm Fire

Progressive Paloverde

Liberty Mutual

Company

Houston Specialty Insurance Company

Blue Hill Specialty Insurance Company

Clear Blue Specialty Insurance Company

OOIDA Risk

Group,

Top 10 Pure

2021 DPW $143,179,000 $80,741,000 $73,628,000 $49,631,000 $45,673,000 $989,256,000 $56,096,000 $28,749,000 $27,295,000 $19,856,000 $14,074,000 $70,646,000 $28,559,000 $13,992,000 $23,400,000 $21,973,000 $20,100,000 $65,590,000 $9,672,000 $5,797,000 $70,646,000 $56,096,000 $28,559,000 $5,820,000

2021 Adj Loss Ratio

Direct DPW $104,528,000

Direct Penetration 11%

Direct Insurers 23

1 yr/5 yr: Direct 14%/6%

2020 2021 Growth Rate

Surplus Lines DPW $220,148,000

Surplus Lines Utilization 22 3%

Surplus Lines Insurers 55

1 yr/5 yr: Surplus Lines 15%/17%

Group Name or ALL L O B DPW N/A

Progressive Insurance Group American International Group Berkshire Hathaway Ins Group

Gray Insurance Group Travelers Group

Top 3 MGA/Wholesale Policy Issuing Insurers

Top 3 Captive Exclusive Policy Issuing Insurers

Top 3 Direct Policy Issuing Insurers

Top 3 Surplus Lines Policy Issuing Insurers

Top Individual RRG

Skyward Specialty Ins Group

Blue Insurance Group

Blue Insurance Group

Farm Group

Insurance Group

Farm Group

Progressive Insurance Group

Mutual Ins Companies

Insurance Group

Skyward Specialty Ins Group Progressive Insurance Group

Blue Insurance Group

Yr/5

Direct Written Premium (DPW)

Ind. Agent DPW $1,235,591,000

IA+MGA+IA Mixed Penetration 26%

Affiliated and

Premium

Insurers

IA+MGA+IA Mixed Insurers 66

1 yr/5 yr: IA+MGA+IA Mixed 3%/3%

Exclusive Agents DPW $2,233,582,000

Exclusive Penetration 46%

Exclusive Insurers 19

1 yr/5 yr: Exclusive 0%/

Top 5 Groups or Unaffiliated Single(s)

State Farm Group (G)

Insurance Group

Hathaway Insurance Group

Insurance Group

or Average

Progressive Security Insurance Company

Fire

Insurance Company

Insurance Company

GoAuto Insurance Company

American

State Farm Mutual Automobile

Allstate Property and

Farm Bureau Casualty

GEICO Casualty Company

Progressive Paloverde Insurance Company

GEICO Secure Insurance Company

Fortegra Specialty Insurance Company

Direct DPW $1,363,788,000

Direct Penetration 28%

Direct Insurers 26

1 yr/5 yr: Direct 4%/7%

Surplus Lines DPW $17,000

Surplus Lines Utilization 0 0%

Surplus Lines Insurers 1

yr/5 yr: Surplus Lines

2021 DPW $1,358,800,000 $913,362,000 $614,153,000 $613,154,000 $270,225,000 $4,832,957,000 $586,340,000 $116,591,000 $72,776,000 $58,208,000 $33,215,000 $167,364,000 $62,190,000 $4,695,000 $1,304,683,000 $363,496,000 $219,755,000 $422,422,000 $327,021,000 $106,952,000

2021 Adj Loss Ratio

2020 2021 Growth Rate

Name or ALL L O B DPW

Top 10 Pure Independent Agent Broker Policy Issuing Insurers

Top 3 MGA/Wholesale Policy Issuing Insurers

Top 3 Captive Exclusive Policy Issuing Insurers

Top 3 Direct Policy Issuing Insurers

Top 3 Surplus Lines Policy Issuing Insurers

$17,000

Insurance Group

Insurance Group

Mutual

Companies

American Capital Group

Farm Group

Berkshire Hathaway

Ind. Agent DPW $512,811,000

IA+MGA+IA Mixed Penetration 87%

IA+MGA+IA Mixed Insurers 194

1 yr/5 yr: IA+MGA+IA Mixed 24%/12%

Exclusive Agents DPW $15,960,000

Exclusive Penetration 3%

Exclusive Insurers 13

1 yr/5 yr: Exclusive 15%/10%

Direct DPW $50,734,000

Direct Penetration 9%

Direct Insurers 16

1 yr/5 yr: Direct 7%/5%

Surplus Lines DPW $240,083,000

Surplus Lines Utilization 40 6%

Surplus Lines Insurers 74

1 yr/5 yr: Surplus Lines 26%/15%

Top 10

GeoVera

GeoVera

Westchester

Top 3

Top 3

2021 DPW $57,896,000 $52,680,000 $30,766,000 $26,809,000 $23,015,000 $591,898,000 $23,015,000 $20,932,000 $16,519,000 $16,172,000 $15,775,000 $6,801,000 $5,385,000 $3,994,000 $6,459,000 $2,998,000 $2,636,000 $19,473,000 $9,465,000 $7,091,000 $23,015,000 $20,932,000 $16,519,000

2021 Adj Loss Ratio

2020 2021 Growth Rate 27%

Group Name or ALL L O B DPW

U

Insurance Group

Group

Insurance Group

Exclusive Policy Issuing Insurers

Top 3 Direct Policy Issuing Insurers

Top 3 Surplus Lines Policy Issuing Insurers

Ind. Agent DPW $43,121,000

IA+MGA+IA Mixed Penetration 95%

IA+MGA+IA Mixed Insurers 118

1 yr/5 yr: IA+MGA+IA Mixed 28%/12%

Exclusive Agents DPW $501,000

Exclusive Penetration 1%

Exclusive Insurers 5

1 yr/5 yr: Exclusive 14%/7%

Top

Top

Sompo

Tower

Federated

Lexington

Scottsdale

AIG

Direct DPW $1,532,000

Direct Penetration 3%

Direct Insurers 5 1 yr/5 yr: Direct 10%/ 4%

Surplus Lines DPW $3,180,000

Surplus Lines Utilization

Surplus Lines Insurers

yr/5

Lines

2021 DPW $16,176,000 $7,055,000 $5,255,000 $2,398,000 $2,300,000 $45,215,000 $6,944,000 $3,918,000 $2,391,000 $1,929,000 $1,317,000 $123,000 $39,000 $25,000 $225,000 $138,000 $60,000 $883,000 $591,000 $37,000 $920,000 $287,000 $254,000 $12,000

2021 Adj Loss Ratio

2020 2021 Growth Rate 25%

26%

Name or ALL L O B

Sompo Holdings US Group

Group

America Group

Top

Insurers

Top 3 Captive Exclusive Policy Issuing Insurers

Top 3 Direct Policy Issuing Insurers

Top 3 Surplus Lines Policy Issuing Insurers

Top Individual RRG

Hill Group

Marine

Federated Mutual Group

Liberty Mutual Ins Companies

International Group

Steadfast

Ind. Agent DPW $4,094,000

IA+MGA+IA Mixed Penetration 77%

IA+MGA+IA Mixed Insurers 59

1 yr/5 yr: IA+MGA+IA Mixed 19%/7%

Exclusive Agents DPW $1,191,000

Exclusive Penetration 23%

Exclusive Insurers 7

yr/5

Direct DPW $2,000

Direct Penetration 0%

Direct Insurers 1

yr/5 yr:

Surplus Lines DPW $813,000

Surplus Lines Utilization 15 4%

Surplus Lines Insurers 14

yr/5 yr: Surplus Lines 118%/36%

Top

2021 DPW $1,732,000 $1,057,000 $719,000 $395,000 $239,000 $5,293,000 $1,716,000 $577,000 $215,000 $202,000 $181,000 $84,000 $11,000 $2,000 $1,057,000 $88,000 $20,000 $2,000 $577,000 $105,000 $42,000

2020 2021 Growth Rate

Name or

Top

Insurers

Top 3 Captive Exclusive Policy Issuing Insurers

Top 3 Direct Policy Issuing Insurers

Top 3 Surplus Lines Policy Issuing Insurers

Top 5 Groups

Farm

Scottsdale

Company

Ind. Agent DPW $494,570,000

IA+MGA+IA Mixed Penetration 84%

IA+MGA+IA Mixed Insurers 212

1 yr/5 yr: IA+MGA+IA Mixed 5%/6%

Exclusive Agents DPW $79,115,000

Exclusive Penetration 13%

Exclusive Insurers 13

1 yr/5 yr: Exclusive

Direct DPW $9,465,000

Direct Penetration 2%

Direct Insurers 10 1 yr/5 yr: Direct 7%/ 13%

Surplus Lines DPW $167,704,000

Surplus Lines Utilization 28 4%

Surplus Lines Insurers 66

yr/5 yr: Surplus Lines 11%/11%

Independent

State Farm

Liberty Mutual

Scottsdale Insurance Company

Independent Specialty

Steadfast

Top 10 Pure

2021 DPW $61,845,000 $43,675,000 $43,644,000 $40,492,000 $38,610,000 $590,025,000 $41,382,000 $29,883,000 $24,575,000 $23,139,000 $18,771,000 $24,629,000 $7,754,000 $6,605,000 $61,845,000 $3,592,000 $2,163,000 $3,474,000 $1,781,000 $1,425,000 $41,382,000 $24,629,000 $13,331,000

2021 Adj Loss Ratio

2020 2021 Growth Rate

Group Name or ALL L O B DPW

Group

Group

International Group

Mutual

Top 3 MGA/Wholesale

Top 3

Top 3 Direct Policy

Insurers

Top 3 Surplus Lines Policy Issuing Insurers

Companies

Hathaway

Corporation Group

Corporation

Farm Group

Insurance

Mutual

CUMIS Insurance Society Group

Group

Corporation Group

Direct Written Premium (DPW)

Ind. Agent DPW $5,423,000

IA+MGA+IA Mixed Penetration 82%

Active Affiliated and

Yr/5

Premium

Top 5 Groups or Unaffiliated

International Group

Sompo Holdings

Farm Group

Group

Endurance American Specialty Ins Co

Insurance

Allianz Global

Insurance America,

Evanston Insurance Company

Casualty

Insurance

State Farm General Insurance Company

State Farm Fire and Casualty Company

Federated Mutual Insurance Company

Westport Insurance Corporation

Liberty Mutual Fire Insurance Company

Services

Endurance American Specialty Ins Co

Insurance Company

Evanston Insurance Company

IA+MGA+IA Mixed Insurers 78

1 yr/5 yr: IA+MGA+IA Mixed 17%/5%

Exclusive Agents DPW $894,000

Exclusive Penetration 13%

Exclusive Insurers 11

yr/5 yr: Exclusive

Direct DPW $330,000

Direct Penetration 5%

Direct Insurers 8 1 yr/5 yr: Direct

23%

Surplus Lines DPW $3,789,000

Surplus Lines Utilization 57 0%

Surplus Lines Insurers 34

yr/5 yr: Surplus Lines 24%/5%

2021 DPW $1,055,000 $879,000 $829,000 $799,000 $449,000 $6,650,000 $877,000 $636,000 $547,000 $379,000 $304,000 $448,000 $65,000 $11,000 $496,000 $333,000 $23,000 $104,000 $80,000 $79,000 $877,000 $636,000 $448,000

2021 Adj Loss Ratio

2020 2021 Growth Rate 43%

Group Name or ALL L O B DPW

Top 10 Pure Independent Agent

Policy

Insurers

Sompo Holdings US Group American International Group

US PC Ins Companies

Reinsurance America Group American International Group

Top 3 MGA/Wholesale Policy Issuing Insurers

Top 3 Captive Exclusive Policy Issuing Insurers

Top 3 Direct Policy Issuing Insurers

Top 3 Surplus Lines Policy Issuing Insurers

Markel Corporation Group Tokio Marine US PC Group Argo Group State Farm Group State Farm Group

Mutual Group Swiss Reinsurance Group Liberty Mutual Ins Companies USAA Group

Sompo Holdings US Group American International Group Markel Corporation Group

Ind. Agent DPW $47,547,000

IA+MGA+IA Mixed Penetration

IA+MGA+IA Mixed Insurers 12

1 yr/5 yr: IA+MGA+IA Mixed 6%/ 1%

Exclusive Agents DPW $0

Exclusive Penetration 0%

Exclusive Insurers 0

1 yr/5 yr: Exclusive #DIV/0!

Top

Direct DPW $806,000

Direct Penetration 2%

Direct Insurers 2 1 yr/5 yr: Direct 307%/ 5%

Surplus Lines DPW $0

Surplus Lines Utilization 0 0%

Surplus Lines Insurers 0

yr/5 yr: Surplus Lines #DIV/0!

Top 10

2021 Adj Loss Ratio

2020 2021 Growth Rate

Name or ALL L O B DPW

Top

Top

2021 DPW $21,728,000 $10,643,000 $5,089,000 $2,774,000 $2,768,000 $48,353,000 $21,728,000 $10,643,000 $5,089,000 $2,774,000 $2,768,000 $4,000 $640,000 $252,000

Top 3 Direct

Top

Insurers

Insurers

Insurers

Affiliated

Top 5 Groups

State Farm Group

Group

Insurance

Corporation

Travelers Indemnity

Travelers

Fire

Markel Insurance

State Farm Fire and

Scottsdale Insurance Company

Ind. Agent DPW $5,067,000

IA+MGA+IA Mixed Penetration 34%

IA+MGA+IA Mixed Insurers 12

1 yr/5 yr: IA+MGA+IA Mixed 9%/ 5%

Exclusive Agents DPW $9,650,000

Exclusive Penetration 65%

Exclusive Insurers 3 1 yr/5 yr: Exclusive

Direct DPW $25,000

Direct Penetration 0%

Direct Insurers 1 1 yr/5 yr: Direct #DIV/0!

Surplus Lines DPW ($48,000)

Surplus Lines Utilization 0 3%

Surplus Lines Insurers 1

yr/5 yr:

Lines #NUM!

2021 DPW $7,760,000 $4,640,000 $1,889,000 $265,000 $190,000 $14,740,000 $1,408,000 $1,202,000 $1,178,000 $852,000 $190,000 $265,000 $3,000 $0 $7,642,000 $1,889,000 $119,000 $25,000 $17,000

2021 Adj Loss Ratio

2021 Growth Rate

Name or

L

Top 10 Pure Independent Agent

Policy Issuing Insurers

Top 3 MGA/Wholesale Policy Issuing Insurers

Top 3 Captive

Policy

Insurers

Top 3 Direct Policy Issuing Insurers

Top 3 Surplus Lines Policy Issuing Insurers

Individual

Corporation

Ind. Agent DPW $209,752,000

IA+MGA+IA Mixed Penetration 74%

IA+MGA+IA Mixed Insurers 21

1 yr/5 yr: IA+MGA+IA Mixed 7%/4%

Exclusive Agents DPW $54,973,000

Exclusive Penetration 19%

Exclusive Insurers 4

yr/5 yr: Exclusive

Top

National

American Bankers

Wright

Allstate

USAA

Trisura

Direct DPW $18,617,000

Direct Penetration 7%

Direct Insurers 3 1 yr/5 yr: Direct 6%/2%

Surplus Lines DPW $392,000

Surplus Lines Utilization 0 1%

Surplus Lines Insurers 1

yr/5 yr:

Lines

Top 10 Pure

2021 DPW $96,837,000 $56,062,000 $30,975,000 $15,410,000 $12,658,000 $283,342,000 $30,975,000 $18,925,000 $15,410,000 $10,512,000 $9,277,000 $96,837,000 $3,310,000 $1,601,000 $37,137,000 $12,658,000 $4,700,000 $10,861,000 $5,674,000 $2,082,000 $392,000

2021 Adj Loss Ratio

2020 2021 Growth Rate

Name

Top 3 MGA/Wholesale

Top 3

Top 3 Direct Policy Issuing Insurers

Top 3 Surplus Lines Policy Issuing Insurers

Affiliated

Ind. Agent DPW $11,657,000

IA+MGA+IA Mixed Penetration 86%

IA+MGA+IA Mixed Insurers 70

1 yr/5 yr: IA+MGA+IA Mixed 15%/3%

Exclusive Agents DPW $245,000

Exclusive Penetration 2%

Exclusive Insurers 6

yr/5

Direct DPW $1,710,000

Direct Penetration 13%

Direct Insurers 4 1 yr/5 yr: Direct

Top 5 Groups

Travelers Group (G)

CUMIS Insurance Society

American

INA Group

Insurance

Travelers Casualty and

Insurance Company

Surety Company

Great American Alliance

American

Southwest Marine and General

Insurance

York Marine and

Federated Mutual Insurance

State Farm Fire and

Federated Service

CUMIS Insurance Society,

Mutual Insurance

AXIS Surplus Insurance Company

Pacific Insurance Company, Limited

Specialty Insurance Company

Surplus Lines DPW $290,000

Surplus Lines Utilization 2 1%

Surplus Lines Insurers 11

yr/5 yr: Surplus Lines 14%/9%

2021 DPW $5,138,000 $1,670,000 $1,339,000 $1,319,000 $1,153,000 $13,627,000 $5,117,000 $1,285,000 $771,000 $756,000 $582,000 $89,000 $77,000 $57,000 $90,000 $73,000 $50,000 $1,670,000 $25,000 $9,000 $83,000 $45,000 $35,000

2021 Adj Loss Ratio

Top 10 Pure Independent Agent

Policy

2020 2021 Growth Rate

Name or ALL L O B DPW

Top 3 MGA/Wholesale Policy

Insurers

Top 3 Captive Exclusive Policy Issuing Insurers

Top 3 Direct Policy Issuing Insurers

Top 3 Surplus Lines Policy Issuing Insurers

Insurers

American

American

Group

Group

Group

Ind. Agent DPW $388,564,000

IA+MGA+IA Mixed Penetration 92%

IA+MGA+IA Mixed Insurers 200

1 yr/5 yr: IA+MGA+IA Mixed 17%/10%

Exclusive Agents DPW $12,149,000

Exclusive Penetration 3%

Exclusive Insurers 12

1 yr/5 yr: Exclusive 4%/1%

Top

International

Direct DPW $20,863,000

Direct Penetration 5%

Direct Insurers 15

1 yr/5 yr: Direct 8%/ 6%

Surplus Lines DPW $210,484,000

Surplus Lines Utilization 49 7%

Surplus Lines Insurers 79

1 yr/5 yr: Surplus Lines 43%/21%

Starr Surplus Lines Insurance

Foremost Insurance

General Security

United National Insurance Company

Union National Fire Insurance

American Security Insurance Company

Starr Surplus Lines Insurance Company

StarStone Specialty Insurance Company

General Security Indemnity Co

Top 10

2021 DPW $37,451,000 $24,467,000 $23,857,000 $18,987,000 $18,356,000 $423,259,000 $37,432,000 $23,857,000 $18,356,000 $17,817,000 $14,992,000 $2,510,000 $2,346,000 $2,308,000 $5,914,000 $3,364,000 $1,052,000 $7,942,000 $2,849,000 $2,506,000

2021 Adj Loss Ratio

2020 2021 Growth Rate 9% 33% 31709%

13% 11%

Name or ALL L O B

Top 3 MGA/Wholesale

Top 3

Insurers

Top 3 Direct Policy Issuing Insurers

Top 3 Surplus Lines Policy Issuing Insurers

$37,432,000 $23,857,000 $17,817,000

International Group

Specialty Insurance Group

Insurance Group

Indemnity Group

Insurance

Direct

Affiliated

Top 5 Groups or

Farm Group (G)

Insurance Group

Group

Mutual

Insurance Group

Progressive Property Insurance Company

Vehicle and

Insurance Co

Insurance

United Property & Casualty

Trust

Fire

State Farm Fire and Casualty Company

Insurance Company

Allstate Indemnity Company

Louisiana Farm Bureau Mutual

United Services

Personal Insurance Company

Dover Bay Specialty Insurance Company

GeoVera Specialty Insurance Company

Scottsdale Insurance Company

Ind. Agent DPW $899,758,000

IA+MGA+IA Mixed Penetration 44%

IA+MGA+IA Mixed Insurers 92

1 yr/5 yr: IA+MGA+IA Mixed 10%/8%

Exclusive Agents DPW $794,920,000

Exclusive Penetration 39%

Exclusive Insurers 15

1 yr/5 yr: Exclusive 5%/1%

Direct DPW $325,749,000

Direct Penetration 16%

Direct Insurers 13

1 yr/5 yr: Direct 6%/2%

Surplus Lines DPW $88,373,000

Surplus Lines Utilization 4 3%

Surplus Lines Insurers 25

1 yr/5 yr: Surplus Lines 6%/3%

2021 DPW $550,032,000 $243,844,000 $140,502,000 $136,856,000 $105,832,000 $2,055,107,000 $105,373,000 $57,542,000 $40,235,000 $36,162,000 $34,663,000 $65,341,000 $44,823,000 $43,873,000 $513,257,000 $85,830,000 $64,449,000 $96,397,000 $54,505,000 $43,356,000 $22,733,000 $20,871,000 $9,371,000

2021 Adj Loss Ratio

2020 2021 Growth Rate 6%

Name or ALL L O B DPW

Top 10 Pure Independent Agent

Policy

Insurers

Progressive Insurance Group

Insurance Group

Insurance Group

Mutual Ins Companies

Mutual

Top 3 MGA/Wholesale Policy Issuing Insurers

Top 3 Captive Exclusive Policy Issuing Insurers

Top 3 Direct Policy Issuing Insurers

Top 3 Surplus Lines Policy Issuing Insurers

Individual RRG

Companies

Insurance Group

Insurance Group

Farm Group

Group

Ind. Agent DPW $398,008,000

IA+MGA+IA Mixed Penetration 78%

IA+MGA+IA Mixed Insurers 252

1 yr/5 yr: IA+MGA+IA Mixed 18%/6%

Exclusive Agents DPW $85,0160,000

Exclusive Penetration 17%

Exclusive Insurers 20 1 yr/5 yr: Exclusive 8%/5%

Top

Direct DPW $27,864,000

Direct Penetration 5%

Direct Insurers 24

1 yr/5 yr: Direct 9%/9%

Surplus Lines DPW $27,305,000

Surplus Lines Utilization 5 3%

Surplus Lines Insurers 70

yr/5 yr: Surplus Lines 21%/11%

American

Liberty Insurance

Louisiana

Lexington Insurance Company

Company

Company

Top 10

2021 Adj Loss Ratio

2020 2021 Growth Rate

Name or ALL L O B DPW

Insurance Companies

Group

Insurance

Top 3

Top 3

2021 DPW $114,339,000 $53,964,000 $41,806,000 $25,263,000 $22,857,000 $511,934,000 $114,003,000 $41,804,000 $15,724,000 $13,955,000 $11,102,000 $3,715,000 $3,371,000 $3,136,000 $47,322,000 $22,857,000 $6,616,000 $10,353,000 $4,030,000 $3,238,000 $3,987,000 $2,117,000 $2,046,000

Top 3 Direct Policy Issuing Insurers

Top 3 Surplus Lines Policy Issuing Insurers

Insurance

Mutual

Companies

Affiliated

Ind. Agent DPW $100,441,000

IA+MGA+IA Mixed Penetration 93%

IA+MGA+IA Mixed Insurers 63

1 yr/5 yr: IA+MGA+IA Mixed 5%/3%

Exclusive Agents DPW $2,121,000

Exclusive Penetration 2%

Exclusive Insurers 5

1 yr/5 yr: Exclusive

Top 5 Groups

Group (G)

Hathaway Insurance Group

Insurance Companies

Berkley Insurance Group

Mutual Insurance Companies

Average

National Fire & Marine Insurance Co

Insurance Company

American Casualty Company of Reading,

Ironshore Specialty Insurance

Casualty Company

LAMMICO Risk Retention Group,

TDC Specialty Insurance Company

Insurance Company

Liberty Insurance Underwriters,

Care

Pharmacists Mutual Insurance Company

National Guardian

Ophthalmic Mutual Insurance Co

Future Care Risk Retention Group,

National Fire & Marine Insurance Co

Admiral Insurance Company

Ironshore Specialty Insurance Co

National

Direct DPW $5,658,000

Direct Penetration 5%

Direct Insurers 9

1 yr/5 yr: Direct 4%/17%

Surplus Lines DPW $35,295,000

Surplus Lines Utilization 32 5%

Surplus Lines Insurers 34

yr/5 yr: Surplus Lines 12%/8%

2021 DPW $48,216,000 $9,091,000 $6,634,000 $5,015,000 $4,997,000 $108,529,000 $5,301,000 $4,799,000 $4,195,000 $3,549,000 $2,385,000 $2,745,000 $1,619,000 $1,222,000 $1,044,000 $644,000 $414,000 $3,262,000 $867,000 $492,000 $5,301,000 $4,799,000 $3,549,000 $3,262,000

2021 Adj Loss Ratio

2020 2021 Growth Rate 3%

Top 10 Pure Independent

Insurers

Name or ALL L O B DPW

Hathaway Ins Group

Berkley Insurance Group

Insurance Companies

Mutual

Top 3 MGA/Wholesale Policy Issuing Insurers

Top 3 Captive Exclusive Policy Issuing Insurers

Top 3 Direct Policy Issuing Insurers

Top 3 Surplus Lines Policy Issuing Insurers

Top Individual RRG

Companies

LAMMICO Group

Company

Mutual

Mutual

Hathaway

Direct

Ind. Agent DPW $128,983,000

IA+MGA+IA Mixed Penetration 100%

IA+MGA+IA Mixed Insurers 10

1 yr/5 yr: IA+MGA+IA Mixed 43%/11%

Exclusive Agents DPW $15,000

Exclusive Penetration

Exclusive Insurers 1

yr/5 yr:

Top 5 Groups

Direct DPW $0

Direct Penetration

Direct Insurers 0

yr/5 yr: Direct

Surplus Lines DPW $0

Surplus Lines Utilization 0 0%

Surplus Lines Insurers 0

yr/5 yr:

Lines

2021 Adj Loss Ratio

2021 Growth Rate

Group Name or ALL L O B DPW

Top 10 Pure Independent Agent Broker Policy Issuing Insurers

Top 3 MGA/Wholesale Policy Issuing Insurers

Top 3

2021 DPW $75,381,000 $30,496,000 $14,869,000 $4,027,000 $2,098,000 $128,996,000 $18,821,000 $14,869,000 $11,675,000 $1,544,000 $977,000 $2,484,000 $2,098,000 $857,000 $15,000

Policy

Insurers

Top 3 Direct Policy Issuing Insurers

Top 3 Surplus

Policy Issuing Insurers

Group

Ind. Agent DPW $149,564,000

IA+MGA+IA Mixed Penetration 96%

IA+MGA+IA Mixed Insurers 70

1 yr/5 yr: IA+MGA+IA Mixed 1%/3%

Exclusive Agents DPW $0

Exclusive Penetration

Exclusive Insurers 0

yr/5

Direct DPW $5,734,000

Direct Penetration

Direct Insurers

yr/5 yr:

Top

Ascot

Surplus Lines DPW $3,688,000

Surplus Lines Utilization 2 4%

Surplus Lines Insurers 10

yr/5 yr: Surplus Lines 25%/

Houston Casualty Company

Top 10 Pure Independent Agent

Top 3

Top 3

2021 DPW $28,775,000 $10,339,000 $10,224,000 $9,527,000 $9,248,000 $155,699,000 $10,339,000 $8,981,000 $8,900,000 $8,702,000 $6,333,000 $25,812,000 $4,310,000 $4,171,000 $5,547,000 $81,000 $56,000 $2,207,000 $433,000 $388,000

Ratio

2021 Growth Rate

Group Name or ALL L O B DPW

Insurers

Insurers

Ascot Insurance U S Group

Insurance Group

US Insurance Group

Marine

Top 3 Direct Policy Issuing Insurers

Top 3 Surplus

Top

Policy

Insurers

Marine

Top

Travelers

Scottsdale

(Claims-made)

Ind. Agent DPW $255,944,000

IA+MGA+IA Mixed Penetration 94%

IA+MGA+IA Mixed Insurers 221

1 yr/5 yr: IA+MGA+IA Mixed 15%/8%

Exclusive Agents DPW $2,381,000

Exclusive Penetration 1%

Exclusive Insurers 9

1 yr/5 yr: Exclusive

Direct DPW $8,584,000

Direct Penetration 3%

Direct Insurers 19

1 yr/5 yr: Direct 12%/2%

Surplus Lines DPW $106,988,000

Surplus Lines Utilization 39 3%

Surplus Lines Insurers 90

yr/5 yr: Surplus Lines 28%/12%

Top

2021 DPW $34,510,000 $31,994,000 $20,823,000 $17,768,000 $14,364,000 $272,435,000 $30,333,000 $29,149,000 $10,748,000 $9,180,000 $7,010,000 $3,629,000 $2,802,000 $2,527,000 $1,113,000 $452,000 $408,000 $5,304,000 $935,000 $452,000 $7,010,000 $6,797,000 $4,294,000 $3,429,000

2021 Adj Loss Ratio

2020 2021 Growth Rate 19%

Name or ALL L O B DPW

Travelers Group

Insurance Companies

Reinsurance America Group

Group

Group

Top

Policy Issuing Insurers

Top 3 Captive Exclusive Policy Issuing Insurers

Top 3 Direct Policy Issuing Insurers

Top 3 Surplus Lines Policy Issuing Insurers

Top Individual RRG

Markel Corporation Group

Marine US PC Group

Group

Mutual Ins Companies

Mutual

Companies

Mutual Group

Reinsurance Group

Insurance Society Group

Mutual

Ind. Agent DPW $788,887,000

IA+MGA+IA Mixed Penetration 88%

IA+MGA+IA Mixed Insurers 326

1 yr/5 yr: IA+MGA+IA Mixed 7%/9%

Exclusive Agents DPW $48,627,000

Exclusive Penetration 5%

Exclusive Insurers 28

1 yr/5 yr: Exclusive

Top

Travelers Group

Scottsdale Insurance Company

Travelers

Crum

Evanston Insurance Company

BCS

State Farm Fire

Federated Mutual

Liberty Surplus Insurance

CUMIS Insurance

Farm

Scottsdale Insurance Company

AXIS Surplus Insurance Company

Evanston Insurance Company

Top 10 Pure

2021 DPW $52,145,000 $48,136,000 $44,425,000 $41,790,000 $37,781,000 $896,175,000 $33,414,000 $24,222,000 $23,194,000 $20,735,000 $19,653,000 $21,664,000 $12,797,000 $10,023,000 $21,325,000 $5,924,000 $5,398,000 $5,983,000 $5,579,000 $5,165,000 $33,414,000 $23,194,000 $21,664,000 $2,966,000

2021 Adj Loss Ratio

Direct DPW $42,797,000

Direct Penetration 5%

Direct Insurers 33

1 yr/5 yr: Direct 8%/5%

2020 2021 Growth Rate

Surplus Lines DPW $413,314,000

Surplus Lines Utilization 46 1%

Surplus Lines Insurers 112

1 yr/5 yr: Surplus Lines 22%/13%

Name or ALL L O B

Top 3 MGA/Wholesale Policy Issuing Insurers

Insurers

Group

Group

US Operations

Financial (USA) Group

Berkley Insurance

Corporation Group

Top 3 Captive Exclusive Policy Issuing Insurers

Top 3 Direct Policy Issuing Insurers

Top 3 Surplus Lines Policy Issuing Insurers

Top Individual RRG

Top

Direct Written Premium (DPW)

Ind. Agent DPW $5,839,000

IA+MGA+IA Mixed Penetration 100%

Affiliated

Groups

Stratford

IA+MGA+IA Mixed Insurers 7

1 yr/5 yr: IA+MGA+IA Mixed 40%/12%

Exclusive Agents DPW $0

Exclusive Penetration 0%

Direct DPW

Penetration

Surplus Lines DPW

Surplus Lines Utilization

Top 10

2021 DPW $4,541,000 $817,000 $328,000 $106,000 $26,000 $5,839,000 $576,000 $328,000 $241,000 $26,000 $106,000 $21,000

Exclusive Insurers 0 1 yr/5 yr: Exclusive 2021 Adj Loss Ratio

Direct Insurers

yr/5 yr:

2021 Growth Rate

Surplus Lines Insurers

yr/5 yr: Surplus Lines

Group Name or ALL L O B DPW

Top

Top

Top

Top

Direct

Insurers

Insurers

Group

Affiliated

Ind. Agent DPW $20,316,000

IA+MGA+IA Mixed Penetration 81%

IA+MGA+IA Mixed Insurers 43

1 yr/5 yr: IA+MGA+IA Mixed 49%/11%

Exclusive Agents DPW

Exclusive Penetration

Exclusive Insurers 0

yr/5

Direct DPW $4,653,000

Direct Penetration 19%

Direct Insurers 5

yr/5 yr:

14%/0%

Top 5 Groups

American International

Assurant

Arch Specialty

National

Western

Transverse

Surplus Lines DPW $10,297,000

Surplus Lines Utilization 41 2%

Surplus Lines Insurers 20

yr/5 yr: Surplus Lines 29%/41%

Arch Specialty Insurance Company

Insurance

National

Top 10 Pure Independent Agent

Ratio

2021 Growth Rate

Group Name or ALL L O B DPW

Top 3 MGA/Wholesale

Top 3

2021 DPW $5,871,000 $3,445,000 $3,241,000 $2,761,000 $1,726,000 $24,978,000 $2,689,000 $2,436,000 $2,344,000 $1,376,000 $1,024,000 $524,000 $333,000 $217,000 $3,445,000 $970,000 $232,000 $2,689,000 $2,344,000 $1,376,000

Policy

Insurers

Arch Insurance Group American International Group

International Group

Hathaway Ins Group

Insurance Group

Insurers

Policy

Top 3 Direct Policy Issuing Insurers

Top 3 Surplus Lines Policy Issuing Insurers

International Group

Insurance Group

Group

Insurance Group

International

Ind. Agent DPW $44,503,000

IA+MGA+IA Mixed Penetration 97%

IA+MGA+IA Mixed Insurers 132

1 yr/5 yr: IA+MGA+IA Mixed 1%/5%

Exclusive Agents DPW $821,000

Exclusive Penetration

Exclusive Insurers 8

yr/5 yr: Exclusive

Direct DPW $595,000

Direct Penetration 1%

Direct Insurers 4

yr/5 yr: Direct

Surplus Lines DPW $26,310,000

Surplus Lines Utilization 57 3%

Surplus Lines Insurers

yr/5 yr: Surplus Lines

Crum

Western

Federated

Crum &

Company

Top

Top

Top

2021 DPW $5,075,000 $3,714,000 $2,791,000 $2,770,000 $2,734,000 $45,936,000 $4,888,000 $2,734,000 $2,419,000 $1,875,000 $1,527,000 $1,435,000 $1,007,000 $708,000 $430,000 $142,000 $120,000 $386,000 $192,000 $151,000 $4,888,000 $2,734,000 $1,875,000

Top 3

2021 Adj Loss Ratio

2020 2021 Growth Rate

Name or ALL L O B DPW

Insurers

Top 3 Surplus Lines Policy Issuing Insurers

Fairfax Financial (USA) Group

International Group

International Group

Reinsurance America Group

International Group

Mutual

Mutual

Financial (USA)

Ind. Agent DPW $118,274,000

IA+MGA+IA Mixed Penetration 87%

IA+MGA+IA Mixed Insurers 106

1 yr/5 yr: IA+MGA+IA Mixed 18%/2%

Exclusive Agents DPW $4,503,000

Exclusive Penetration 3%

Exclusive Insurers 7

yr/5 yr: Exclusive 103%/11

Top

Top 10

Travelers Casualty

Liberty Mutual

Canopius US Insurance,

Accelerant Specialty Insurance Company

Peleus Insurance Company

Direct DPW $6,731,000

Direct Penetration 5%

Direct Insurers 2 1 yr/5 yr: Direct 7%/1%

Surplus Lines DPW ($7,000)

Surplus Lines Utilization 0 0%

Surplus Lines Insurers 3 1 yr/5 yr: Surplus Lines

2021

Ratio

2020 2021 Growth Rate

Group Name or ALL L O B DPW

Group

Insurance Companies

Group

Insurance

Top 3

Top 3

2021 DPW $9,926,000 $8,941,000 $8,799,000 $8,562,000 $8,374,000 $135,346,000 $8,670,000 $8,231,000 $7,267,000 $6,610,000 $5,980,000 $3,255,000 $2,406,000 $1,458,000 $3,442,000 $693,000 $314,000 $6,728,000 $3,000 $139,000 $102,000 $2,000

Top 3 Direct Policy

Top 3 Surplus Lines Policy Issuing Insurers

Group

Group

Ind. Agent DPW $762,088,000

IA+MGA+IA Mixed Penetration 95%

IA+MGA+IA Mixed Insurers 215

1 yr/5 yr: IA+MGA+IA Mixed 3%/0%

Exclusive Agents DPW $11,873,000

Exclusive Penetration

Exclusive Insurers 12

yr/5

Direct DPW $28,430,000

Penetration

Direct Insurers

yr/5

Surplus Lines

Surplus Lines

Surplus Lines

Top 10

Louisiana Workers'

State

American

Top

Top 3

2021 DPW $229,758,000 $66,243,000 $49,664,000 $38,423,000 $33,609,000 $804,973,000 $229,758,000 $58,618,000 $23,823,000 $14,689,000 $14,000,000 $21,680,000 $7,625,000 $4,227,000 $5,478,000 $2,567,000 $1,466,000 $8,015,000 $5,106,000 $3,699,000

Top 3 Direct

Top

Policy Issuing Insurers

2021

Rate

Name

Appendix #1: All Lines of Business-Additional Details

2021 - Louisiana: All Lines of Business Additional Detail

All P C Lines of P C Business

Accident & Health

Aggregate Write ins Aircraft (all perils)

All Commercial Auto

All Private Passenger Auto Allied Perils Only

Boiler & Machinery

Burglary & Theft Commercial Multi Peril Credit Earthquake

Excess Workers' Comp

Farmowners Multi Peril

Federal Flood Fidelity

Financial Guaranty Fire Peril Only

Homeowners Multi Peril Inland Marine International Medical Malpractice Mortgage Guaranty Multi Peril Crop Ocean Marine

Other Liability (Claims made) Other Liability (Occurrence)

Private Crop

Private Flood Products Liability

Surety Warranty

Workers' Compensation Total (All Lines)

All Direct Written Premium 82,259,000 16,964,000 48,990,000 989,262,000 4,832,960,000 591,898,000 45,214,000 5,287,000 590,031,000 27,957,000 6,650,000 48,353,000 14,742,000 283,342,000 13,624,000 8,566,000 423,264,000 2,055,110,000 511,936,000 0 108,530,000 64,835,000 128,998,000 155,696,000 272,430,000 896,168,000 5,839,000 24,977,000 45,931,000 135,346,000 8,436,000 804,978,000 13,248,577,000

1 Year Loss Ratio

59% 52% 46% 79% 76% 592% 22% 47% 345% 65% 17% 49% 206% 263% 8% 0% 323% 408% 80% #REF! 31% 28% 108% 123% 56% 64% 128% 66% 54% 22% 92% 41% 169%

5 Year Loss Ratio

66% 68% 63% 85% 67% 241% 68% 35% 147% 51% 8% 50% 120% 83% 43% 3% 139% 156% 60% #REF! 17% 20% 115% 79% 48% 61% 230% 31% 37% 20% 85% 53% 92%

1-Year Growth

7% 4% 3% 9% 2% 9% 11% 4% 5% 2% 1% 1% 1% 3% 2% 16% 6% 2% 6% 4% 2% 11% 3% 7% 8% 12% 9% 3% 3% 19% 0% 4%

5-Year Growth 10% 5% 2% 15% 2% 16% 26% 16% 5% 15% 14% 5% 2% 6% 13% 1% 11% 0% 15% 4% 2% 43% 1% 15% 7% 39% 31% 2% 21% 2% 4% 5%

1-Year Penetration

60% 39% 99% 78% 26% 87% 95% 77% 84% 77% 82% 98% 34% 74% 86% 0% 92% 44% 78% #DIV/0! 93% 20% 100% 96% 94% 88% 100% 81% 97% 87% 58% 95% 57%

5-Year Penetration

58% 30% 97% 78% 25% 82% 95% 78% 82% 73% 80% 98% 41% 72% 85% 0% 85% 39% 77% #DIV/0! 93% 19% 100% 96% 93% 87% 100% 74% 95% 90% 59% 95% 54%

Appendix #2: Distribution Style Classifications

This P C Marketplace Summary classifies insurers into distribution styles based on the insurer’s reported marketing type(s).These marketing types are provided in what is known as a “Gallery Report” and made available by A M Best as part of various insurer attributes in their Best’s Financial Suite Below are the various marketing types reported by insurers in 2021

Marketing Types

Affinity Group Marketing Bank

Broker

Career Agent

Direct Response

Exclusive/Captive Agent

General Agent

Inactive

Independent Agency Internet

Managing General Agent

Not Available Other Other Agency

Other Direct Worksite Marketing

The approach used by this P C Marketplace Summary is take each insurer’s reported marketing type and put data from that insurer into one of 6 distribution styles Some insurer classifications are obvious and straight forward Others are less so When insurers list multiple market types more weight is given to the marketing type listed first that closest aligns to each distribution style. About 10% of insurers have “Not Available” for their listed marketing type. These insurers represent less than 1% of all written premiums in 2021 and those insurers are categorized as “Other.”

Highlighted in the table below is All Distribution and then the 6 possible distribution styles used is this summary: (1) Pure IA or Broker, (2) MGA/Wholesale, (3) IA Mixed, (4) Exclusive Captive, (5) Direct and (6) Other. To arrive at figures generally for independent agent distribution, data from insurers categorized as (1) Pure IA or Broker, (2) MGA/Wholesale and (3) IA Mixed are combined. Other industry analysis of distribution may vary in how distribution styles are categorized Generally, however, the results are similar to the approach taken in this report

By controlling this distribution style classification for each insurer, flexibility is attained in providing data that matches an independent agent’s view of the marketplace. It allows determination of approximate penetrations of the distributions styles by line of business It allows creating lists of insurers by line of business for each distribution style To provide examples of the classification approach results, the top insurers in the in each distribution style are shown below under the heading “Largest Insurers by Distribution Style”, with the reported marketing type and premiums in Louisiana.

Proprietary Premium Classifications by Line of Business

2021 Louisiana: All Lines of Business Distribution Style DPW (Premiums) in Millions of Dollars

Louisiana All P-C Lines of P C Business

Accident & Health Aggregate Write ins Aircraft (all perils)

All Commercial Auto

All Private Passenger Auto Allied Perils Only Boiler & Machinery Burglary & Theft Commercial Multi Peril Credit Earthquake

Excess Workers' Comp Farmowners Multi Peril Federal Flood Fidelity Financial Guaranty Fire Peril Only Homeowners Multi Peril Inland Marine International Medical Malpractice Mortgage Guaranty Multi Peril Crop Ocean Marine Other Liability (Claims made) Other Liability (Occurrence) Private Crop Private Flood Products Liability Surety Warranty Workers' Compensation Total (All Lines) Total (IA Focused Lines)

All Distribution (1+2+3+4+5+6) 82 17 49 989 4,833 592 45 5 590 28

48 15 283 14

423 2,055 512

109 65 129 156 272 896 6 25

135

805 13,249 13,040

Pure IA or Broker

MGA/ Wholesale

IA Mixed

Exclusive Captive

Direct

Largest Insurers by Distribution Style

2021 Louisiana: All Lines of Business Distribution Style DPW (Premiums) in Millions of Dollars

Louisiana Policy Issuing Insurers

Progressive Security Insurance Company

Louisiana Workers' Compensation Corp

Imperial Fire and Casualty Insurance Co

Continental Casualty Company

Scottsdale Insurance Company

Safeco Insurance Company of Oregon

Progressive Property Insurance Company

National Union Fire Ins Co Pittsburgh PA

Travelers Property Casualty Co of Amer Foremost Insurance Co Grand Rapids, MI

Group

Progressive Insurance Group

Allstate Insurance Group

CNA Insurance Companies

Nationwide Group

Liberty Mutual Insurance Companies Progressive Insurance Group American International Group Travelers Group Farmers Insurance Group

2021 DPW 600 2 229 8 168 2 166 7 136.1 120.8 111.6 102 9 86 0 85 0

Listed Marketing Type

Independent Agency Independent Agency Independent Agency Independent Agency Independent Agency Independent Agency Independent Agency Broker Independent Agency Independent Agency

Top 10 Insurers Classified as MGA/Wholesale DPW (Premiums) in Millions of Dollars

Louisiana Policy Issuing Insurers

GoAuto Insurance Company

Wright National Flood Insurance Company

Houston Specialty Insurance Company

United Property & Casualty Ins Co

Old American Indemnity Company

Allied Trust Insurance Company

Occidental Fire and Casualty Co of NC

FedNat Insurance Company

Centauri National Insurance Company

Evanston Insurance Company

Group

...

Skyward Specialty Insurance Group United Insurance Group Old American Capital Group

IAT Insurance Group FedNat Insurance Group AU Holding Company Group Markel Corporation Group

2021 DPW 167 4 97.2 82.7 74.5 65 2 47 4 46 9 43 5 43 3 39 8

Listed Marketing Type

Managing General Agent Managing General Agent Managing General Agent Managing General Agent Managing General Agent Managing General Agent General Agent Managing General Agent Managing General Agent Managing General Agent

Top 10 Insurers Classified as IA-Mixed - DPW (Premiums) in Millions of Dollars

Louisiana Policy Issuing Insurers

Factory Mutual Insurance Company

American Agri Business Insurance Company

Louisiana Citizens Property Ins Corp LAMMICO

American Modern Property & Casualty Ins

Church Mutual Insurance Company, S I Automobile Club Inter Insurance Exchange

United Financial Casualty Company Affiliated FM Insurance Company Permanent General Assurance Corporation

Group

FM Global Group Sompo Holdings US Group

LAMMICO Group Munich American Holding Corp Co Church Mutual Insurance Group Auto Club Enterprises Ins Group Progressive Insurance Group FM Global Group American Family Insurance Group

2021 DPW 86.6 79 9 75 9

3

8 23 1 21 1 19 5 15 9

3

Listed Marketing Type Direct Response, Broker Other Agency Other Direct Response, Independent Agency Worksite Marketing Direct Response, Independent Agency Independent Agency, Exclusive/Captive Agent Independent Agency, Direct Response Broker, Direct Response Independent Agency, Other Direct

Top 10 Insurers Classified as Exclusive Captive DPW (Premiums) in Millions of Dollars

Louisiana Policy Issuing Insurers

State Farm Mutual Automobile Ins Co State Farm Fire and Casualty Company Allstate Property and Casualty Ins Co Allstate Insurance Company

Louisiana Farm Bureau Casualty Ins Co

Shelter Mutual Insurance Company ANPAC Louisiana Insurance Company Allstate Indemnity Company Liberty Insurance Underwriters, Inc Farmers Property and Casualty Ins Co

Group

State Farm Group State Farm Group Allstate Insurance Group Allstate Insurance Group

Southern Farm Bureau Casualty Group Shelter Insurance Companies American National Prop & Cas Group Allstate Insurance Group Liberty Mutual Insurance Companies Farmers Insurance Group

2021 DPW 1,328 2 707 5

Listed Marketing Type Exclusive/Captive Agent Exclusive/Captive Agent Exclusive/Captive Agent Exclusive/Captive Agent Exclusive/Captive Agent Exclusive/Captive Agent Exclusive/Captive Agent Exclusive/Captive Agent Exclusive/Captive Agent, Direct Response Career Agent, Direct Response

Top 10 Insurers Classified as Direct DPW (Premiums) in Millions of Dollars

Louisiana Policy Issuing Insurers

GEICO Casualty Company

Progressive Paloverde Insurance Company

United Services Automobile Association

Louisiana Farm Bureau Mutual Ins Co

USAA General Indemnity Company

USAA Casualty Insurance Company

GEICO Secure Insurance Company

Liberty Personal Insurance Company

Liberty Mutual Fire Insurance Company

Garrison Property and Casualty Ins Co

Group

Berkshire Hathaway Insurance Group

Progressive Insurance Group USAA Group

USAA Group

USAA Group

Berkshire Hathaway Insurance Group

Liberty Mutual Insurance Companies

Liberty Mutual Insurance Companies USAA Group

2021 DPW

Listed Marketing Type Direct Response Direct Response Direct Response Direct Response Direct Response Direct Response Direct Response Direct Response Direct Response Direct Response

Top 10 Insurers Classified as Other DPW (Premiums) in Millions of Dollars

Louisiana Policy Issuing Insurers

Maison Insurance Company

Greenwich Insurance Company

Essent Guaranty, Inc.

Berkshire Hathaway Specialty Ins Co

OOIDA Risk Retention Group, Inc

Blackboard Insurance Company

National Mortgage Insurance Corporation

Endurance Assurance Corporation

Attorneys' Liab Assr Society Ltd , A RRG Vanliner Insurance Company

Group

FedNat Insurance Group

XL Reinsurance America Group

Essent Guaranty Group

Berkshire Hathaway Insurance Group

American International Group National Mortgage Insurance Group Sompo Holdings US Group

Great American P & C Ins Group

DPW

Listed Marketing Type Inactive Not Available Not Available Not Available Not Available Not Available Not Available Not Available Not Available General Agent, Other

Appendix #3: NAIC Line of Business

Definition

Coverage

aircraft (hull)

liability to

their contents; aircraft owners’ and aircraft

and other third parties

Commercial Auto No Fault (Personal Injury Protection) Other Commercial Auto Passenger Liability (Include BI, PD, UM and UIM) Commercial Auto Physical Damage

Private Passenger Auto No Fault (Personal Injury Protection) Other Private Passenger Auto Liability (Include BI/PD/UM and UIM) Private Passenger Auto Physical Damage

Coverage for the failure of boilers, machinery and electrical equipment Benefits include: (i) property of the insured that has been directly damaged by the accident (ii) Costs of temporary repairs and expediting expenses (iii) Liability for damage to the property of others

Coverage for property taken or destroyed by breaking and entering the insured’s premises, burglary or theft, forgery or counterfeiting, fraud, kidnap and ransom, and off premises exposure

A contract for a commercial enterprise that packages two or more insurance coverages protecting an enterprise from various property and liability risk exposures Frequently includes fire, allied lines, various other coverages (e g , difference in conditions) and liability coverage (such coverages would be included in other annual statement lines, if written individually) Include multi peril policies (other than farmowners, homeowners and automobile policies) that include coverage for liability other than auto (Builders’ Risk Policies, Businessowners, Commercial Package Policies, Manufacturers Output Policies, e Commerce and Difference in Conditions)

Coverage purchased by consumers, manufacturers, merchants, educational institutions or other providers of goods and services extending credit, for indemnification of losses or damages resulting from the nonpayment of debts owed to/from them for goods or services provided in the normal course of their business Indemnification coverage provided to self insured employers on an excess of loss basis

A package policy for farming and ranching risks, similar to a homeowners policy, that has been adopted for farms and ranches and includes both property and liability coverages for personal and business losses Coverages include farm dwellings and their contents, barns, stables, other farm structures and farm inland marine, such as mobile equipment and livestock A commercial package policy for farming and ranching risks that includes both property and liability coverage Coverage includes barns, stables, other farm structures and farm inland marine, such as mobile equipment and livestock

A bond covering an employer’s loss resulting from an employee’s dishonest act (e g , loss of cash, securities, valuables, etc )

A surety bond, insurance policy, or when issued by an insurer, an indemnity contract and any guaranty similar to the foregoing types, under which loss is payable upon proof of occurrence of financial loss to an insured claimant, obligee or indemnitee as a result of failure to perform a financial obligation (see Financial Guaranty Insurance Guideline (#1626))

Fire, Allied Lines, Multi Peril Crop, Federal Flood, Private Crop, Private Flood and Earthquake (see further descriptions of each under Fire & Allied Lines)

A package policy combining broad property coverage for the personal property and/or structure with broad personal liability coverage Coverage applicable to the dwelling, appurtenant structures, unscheduled personal property and additional living expense are typical. Includes mobile homes at a fixed location. (Alternative Workers’ Compensation, Employers’ Liability and Standard Workers’ Compensation)

Coverage for property that may be in transit, held by a bailee, at a fixed location, a movable good that is often at different locations (e g , off road construction equipment) or scheduled property (e g , Homeowners Personal Property Floater), including items such as live animals, property with antique or collector’s value, etc This line also includes instrumentalities of transportation and communication, such as bridges, tunnels, piers, wharves, docks, pipelines, power and phone lines, and radio and television towers (Animal Mortality, EDP Policies, Pet Insurance Plans, Communication Equipment, Event Cancellation, Travel Coverage, Vehicle Excess Waiver, Boatowners, Other Commercial Inland Marine, Other Personal Marine and Cash and Cash in Transit Insurance)

Marine

Other Liability (Claims made)

Other Liability (Occurrence)

Products Liability

Surety Warranty

Workers Compensation

Line 29 Line 11 Line 6 Line 8 Line 17 2 Line 17 1 Line 18 Line 24 Line 30 Line 16

Includes all business transacted outside the U S and its territories and possessions where the appropriate line of business is not determinable

Insurance coverage protecting a licensed health care provider or health care facility against legal liability resulting from the death or injury of any person due to the insured’s misconduct, negligence, or incompetence in rendering professional services Medical Professional Liability is also known as Medical Malpractice

Insurance that indemnifies a lender from loss if a borrower fails to meet required mortgage payments

Coverage for ocean and inland water transportation exposures; goods or cargoes; ships or hulls; earnings; and liability

Same as 17 1 but on a Claims Made Basis These policies cover insured events that are reported (as defined in the policy) within the effective dates of the policy, subject to retroactive dates and extended reporting periods when applicable

Occurrence Based: These policies cover insured events that occur within the effective dates of the policy, regardless of when they are reported to the reporting entity Insurance coverage protecting the insured against legal liability resulting from negligence, carelessness or a failure to act, causing property damage or personal injury to others Typically, coverages include construction and alteration liability; contingent liability; contractual liability; elevators and escalators liability; errors and omissions liability, environmental pollution liability; excess stop loss, excess over insured or self insured amounts and umbrella liability; liquor liability; personal injury liability; premises and operations liability; completed operations liability, nonmedical professional liability, etc Also includes indemnification coverage provided to self insured employers on an excess of loss basis (excess workers’ compensation) (Completed Operations, Construction Liability, Contingent Liability, Contractual Liability, Elevators, Error and Omissions, Environmental Pollution, Excess and Umbrella, Personal Liability, Premises and Operations, Excess Workers’ Compensation, Commercial General Liability, Comprehensive Personal Liability, Day Care Centers, Directors and Officers, Employee Benefit Liability, Employers’ Liability, Employment Practices, Fire Legal, Municipal Liability, Nuclear Energy, Veterinarian, Internet Liability and Cyber Liability) Excludes excess workers’ compensation

Insurance coverage protecting the manufacturer, distributor, seller or lessor of a product against legal liability resulting from a defective condition causing personal injury, or damage, to any individual or entity, associated with the use of the product

A three party agreement where the insurer agrees to pay a second party (the obligee) or make complete an obligation in response to the default, acts or omissions of a third party (the principal)

Coverage that protects against manufacturer’s defects past the normal warranty period and for repair after breakdown to return a product to its originally intended use Warranty insurance generally protects consumers from financial loss caused by the seller’s failure to rectify or compensate for defective or incomplete work and cost of parts and labor necessary to restore a product’s usefulness Includes, but is not limited to, coverage for all obligations and liabilities incurred by a service contract provider, mechanical breakdown insurance and service contracts written by insurers (Mechanical Breakdown and Service Contracts)

Insurance that covers an employer’s liability for injuries, disability or death to persons in their employment, without regard to fault, as prescribed by state or Federal workers’ compensation laws and other statutes Includes employer’s liability coverage against the common law liability for injuries to employees (as distinguished from the liability imposed by Workers’ Compensation Laws) Excludes excess workers’ compensation

Definition

Coverage protecting the insured against the loss to real or personal property from damage caused by the peril of fire or lightning, including business interruption, loss of rents, etc

Extended coverage; glass; tornado, windstorm and hail; sprinkler and water damage; explosion, riot and civil commotion; rain; and damage from aircraft and vehicle

Insurance protection that is subsidized or reinsured by the Federal Crop Insurance Corporation for protection against losses due to damage, decreases in revenues and/or gross margins from crop, livestock and other agricultural related production from unfavorable weather conditions, drought, wind, frost, fire or lightning, flood, hail, insect infestation, disease or other yield reducing conditions or perils

Coverage provided by the Federal Insurance Administration (FIA) of the Federal Emergency Management Agency (FEMA) through insurers participating in the National Flood Insurance Program’s (NFIP) Write Your Own (WYO) program Coverage is subject to the terms and conditions provided in the Financial Assistance/Subsidy Arrangement between the reporting entity and the FIA

Private market coverage for crop insurance and agricultural related protection, such as hail and fire, and is not reinsured by the Federal Crop Ins

Private market coverage (primary standalone, first dollar policies that cover the flood peril and excess flood) for flood insurance that is not offered through the National Flood Insurance Program (Sewer/water backup coverage issued as an endorsement homeowners or commercial policy )

Property coverages for losses resulting from a sudden trembling or shaking of the earth, including that caused by volcanic eruption. Excluded are losses resulting from fire, explosion, flood or tidal wave following the covered event.

Appendix #4: Product Details Explanation

Below is an image of a sample Top Line of Business detail page. It is provided with notations (A I) to assist in understanding the components of the product details provided for each Line of Business.

P&C Insurance Industry Summary

by:

2021 Louisiana P C Marketplace Summary

provided the reader with both visual and numeric presentations of the Louisiana P C marketplace data, as a benefit of your membership with the Independent Insurance Agents & Brokers of Louisiana All questions and comments, or need for further analysis, are welcomed at the contact information

Insurance Solutions Consulting,