If you're not the lead dog, the view never changes, and the view from behind the property-casualty insurance industry's leading premium producer–State Farm–gave a fairly good picture of the overall industry's standing in 2005.
With minimal change in 2005 net written premiums, State Farm, along with most of the top 20 insurance groups, stayed exactly in the same positions they occupied on National Underwriter's annual ranking of top p-c groups in 2004.
State Farm's group combined ratio was also typical of the industry overall in 2005, with the group posting a 101.5 figure–nearly identical to the industry aggregate of 101.4. For State Farm, however, the 2005 combined ratio was nearly six points worse than its 2004 figure of 95.6, while the industry's aggregate deteriorated only 2.9 points from 98.5 in 2004.
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