EARTHQUAKE INSURANCE, 2004-2013 DATA

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Year Net premiums written (1) Annual percent change Combined ratio (2) Annual point change (3) 2004 $1,098,441 4.7% 48.6 -7.4 pts. 2005 1,106,671 0.7 50.9 2.3 2006 1,315,423 18.9 40.4 -10.5 2007 1,246,538 -5.2 30.0 -10.4 2008 1,259,872 1.1 33.5 3.5 2009 1,288,353 2.3 36.3 2.8 2010 1,443,598 12.0 41.4 5.1 2011 1,467,372 1.6 55.8 14.4 2012 1,593,451 8.6 36.3 -19.5 2013 1,586,985 -0.4 30.3 -6.0

(1) After reinsurance transactions, excludes state funds.
(2) After dividends to policyholders. A drop in the combined ratio represents an improvement; an increase represents a deterioration.
(3) Calculated from unrounded data.

Source: SNL Financial LC.