Hard Market Drives Strong RRG Premium Growth in 2020

Risk retention groups reported strong premium growth of 7.1% in 2020 that took collective RRG premium to $3827.8 million. 2020 marks the tenth consecutive year of premium growth for the risk retention group industry and is one of the strongest years of premium growth since 2006, falling just behind the premium growth of 8.3% reported in 2019. Overall, 137 risk retention groups posted premium gains, while 66 reported premium declines. Premium was flat at 26 risk retention groups.

Like 2019, premium growth in 2020 was well distributed across business sectors with six sectors posting premium gains and three reporting declines. The largest increase was in the Government & Institutions sector which saw premium increase by 23.3% to $506.3 million.

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