Combined ratio (annual) vs Property catastrophe bond issuance

In 2025, combined ratio (annual) worldwide was 90%; property catastrophe bond issuance was 23,874 million USD.

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The series

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Global, spaced by time from 2024 to 2025 . Different units, drawn on separate scales and clipped to the years both series publish — earlier history stays on each indicator's own page. Read the values, not the heights.

Combined ratio (annual)

Unit: % · 2 observations

Line chart
Combined ratio (annual)Combined ratio (annual). 2 observations from 2024 to 2025, ranging from 90% to 91.9%. Latest value 90% (2025). % 0 20 40 60 80 100 2024 2025 92% 90%
Combined ratio (annual)Combined ratio (annual). 2 observations from 2024 to 2025, ranging from 90% to 91.9%. Latest value 90% (2025). % 0 30 60 90 120 2024 2025 92% 90%
Combined ratio (annual)Combined ratio (annual). 2 observations from 2024 to 2025, ranging from 90% to 91.9%. Latest value 90% (2025). % 0 30 60 90 120 2024 2025 92% 90%
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Combined ratio (annual)
Period Type Value
2024 Actual 91.9%
2025 Actual 90%
Source: Munich Re · CC BY 4.0 · Full series

Property catastrophe bond issuance

Unit: million USD · 2 observations

Line chart
Property catastrophe bond issuanceProperty catastrophe bond issuance. 2 observations from 2024 to 2025, ranging from 16,564 million USD to 23,874 million USD. Latest value 23,874 million USD (2025). million USD 0 5,000 10,000 15,000 20,000 25,000 2024 2025 16,564 23,874
Property catastrophe bond issuanceProperty catastrophe bond issuance. 2 observations from 2024 to 2025, ranging from 16,564 million USD to 23,874 million USD. Latest value 23,874 million USD (2025). million USD 0 10,000 20,000 30,000 2024 2025 16,564 23,874
Property catastrophe bond issuanceProperty catastrophe bond issuance. 2 observations from 2024 to 2025, ranging from 16,564 million USD to 23,874 million USD. Latest value 23,874 million USD (2025). million USD 0 10,000 20,000 30,000 2024 2025 16,564 23,874
View the underlying data
Property catastrophe bond issuance
Period Type Value
2024 Actual 16,564 million USD
2025 Actual 23,874 million USD
Source: III · CC BY 4.0 · Full series

Shared periods

Side by side

Only 2 periods are published for both series. Comparing anything else would mean comparing different years.

Period Combined ratio (annual) Property catastrophe bond issuance
2024 91.9% 16,564 million USD
2025 90% 23,874 million USD

Provenance

Where these numbers come from

Combined ratio (annual)

The ratio of net claims incurred and operating expenses to net insurance revenue in primary insurance.

2 observations in Global · source organisations: Munich Re

Property catastrophe bond issuance

Total risk capital issued through property catastrophe bonds.

10 observations in Global · source organisations: III

Data published under CC BY 4.0. Series A as JSON · Series B as JSON

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