Market Trends

Direct and Earned Premiums for Fire

The data shows that direct premiums written and direct premiums earned for fire insurance in Arkansas increased steadily from 2015 to 2022.

The lowest amount of direct premiums written was $148,588,000 in 2015. This increased each year, with the highest amount being $220,287,000 in 2022. This represents an overall increase of 48% over the 8 year period. Direct premiums earned followed a similar trajectory, starting at $147,915,000 in 2015 and reaching $206,066,000 in 2022, a 39% increase.

The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $25,179,000 or 13%. The smallest increase was 1.5% from 2016 to 2017. For direct premiums earned, the biggest jump was from 2019 to 2020, increasing by $14,567,000 or 9.4%. The smallest increase was 0.5% from 2016 to 2017.

Loss Ratios for Fire

The loss ratio for Fire insurance in Arkansas exhibits considerable variations over the observed period. The loss ratio in 2015 was relatively low, standing at 33.56%. However, a significant surge was noted in 2016 to 55.93%.

Following a drop to 41.01% in 2017, the ratio again increased to 50.57% in 2018, and further escalated to a significant 64.11% in 2019. The year 2020 saw a slight decrease to 52.73%, but this was followed by a rise to 69.44% in 2021. The most dramatic spike was recorded in 2022, where the loss ratio reached 132.6%.

Direct and Earned Premiums for Allied Lines

The data shows that direct premiums written and direct premiums earned for Allied Lines insurance in Arkansas increased steadily from 2015 to 2022.

The lowest amount of direct premiums written was $118,168,000 in 2015. This increased each year, reaching $191,221,000 in 2022 - an increase of over 60% over the 8 year period.

The direct premiums earned followed a similar upward trend, starting at $118,075,000 in 2015 and ending at $176,267,000 in 2022. This represents a 49% increase over the period. The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $26,021,000 or 15.8% (from $165,200,000 to $191,221,000).

The smallest increase was just 2.3% between 2016 and 2017. For direct premiums earned, the biggest jump was also from 2021 to 2022, increasing by $20,248,000 or 13.0%. The smallest increase was from 2016 to 2017 at just 0.6%.

Loss Ratios for Allied Lines

The loss ratio data for Allied Lines in Arkansas highlights notable trends and variations across the years.

The loss ratios demonstrate substantial fluctuation, starting from 65.31% in 2015 and escalating to a peak of 164.08% in 2022. In the initial years, the loss ratios increased sharply from 65.31% in 2015 to 97.11% in 2016, followed by a slight decline to 86.65% in 2017.

The upward trend continued in 2018, reaching 92.37%, and further escalated to 108.26% in 2019. A significant surge occurred between 2019 and 2020, with the loss ratio jumping from 108.26% to 159.31%. However, the loss ratio dipped to 91.5% in 2021, only to rise again to 164.08% in 2022.

Direct and Earned Premiums for Multi-Peril Crop

The data shows that direct premiums written and direct premiums earned for Federal Multi-Peril Crop insurance in Arkansas increased substantially from 2015 to 2022.

The lowest amount of direct premiums written was $110,612,000 in 2015. This steadily increased each year, with the highest amount being $253,651,000 in 2022. This represents an increase of over 129% over the 8 year period.

Similarly, the lowest amount of direct premiums earned was $110,518,000 in 2015, increasing to $252,705,000 in 2022. This is a 129% increase. The direct premiums written and direct premiums earned increased each year from 2015 to 2022. The largest year-over-year increase for direct premiums written was from 2021 to 2022, when it grew by $72,456,000 or 40%.

The smallest year-over-year increase was 2.5%, from $125,621,000 in 2018 to $128,851,000 in 2019. The trends were very similar for direct premiums earned, with the largest increase of 40.9% occurring from 2021 to 2022 (from $179,142,000 to $252,705,000). The smallest increase was 2.3% from 2018 to 2019.

Loss Ratios for Multi-Peril Crop

The Federal Multi-Peril Crop loss ratio data for Arkansas from 2015-2022 exhibits significant fluctuation. In 2015, the loss ratio was at an exceptional 137.29%, decreasing gradually to 96.65% in 2018. A striking surge is observed in 2019, with the rate peaking at an extraordinary 190.72%.

The following year, 2020, maintained a high loss ratio of 183.54%, showing a slight decrease from the previous year. However, in 2021, a drastic drop to 111.18% was observed. The loss ratio in 2022 shows a marginal increase to 115.4%, but still far lower than the peak values of 2019 and 2020.

Direct and Earned Premiums for Federal Flood

The data shows that direct premiums written for federal flood insurance in Arkansas fluctuated between 2015 and 2022. The highest amount of direct premiums written was $10,736,000 in 2015. The lowest amount was $8,559,000 in 2022.

Direct premiums written decreased each year from 2015 to 2017, going from $10,736,000 in 2015 to $10,335,000 in 2017, a 3.7% decrease. There was a slight increase to $10,258,000 in 2018, followed by another small increase to $10,279,000 in 2019. In 2020, direct premiums dropped to $10,160,000, before rising slightly to $10,244,000 in 2021.

The largest year-over-year decrease came between 2021 and 2022, when direct premiums written fell by 16.5% from $10,244,000 to $8,559,000. The trends for direct premiums earned follow a similar pattern. The highest amount was $11,027,000 in 2015, decreasing each year to $10,340,000 in 2017.

There were small increases in 2018 and 2019, followed by a drop to $10,311,000 in 2020 and a slight rise to $10,196,000 in 2021. From 2021 to 2022, direct premiums earned decreased by 5.8%, going from $10,196,000 to $9,593,000.

Loss Ratios for Federal Flood

The Federal Flood loss ratio in Arkansas illuminates a dynamic trend over the past eight years. It displayed a considerable rise from 45.42% in 2015 to a peak of 212.26% in 2017, followed by a drastic dip to 19.87% in 2018.

However, the most significant surge was observed in 2019, with a loss ratio of 244.74%, the highest throughout the period. This surge was followed by a sharp decline to 17.05% in 2020, marking the lowest point. The subsequent years, 2021 and 2022, witnessed a rebound to 33.52% and 51.74%, respectively.

Direct and Earned Premiums for Private Crop

The data shows that direct premiums written and direct premiums earned for private crop insurance in Arkansas increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $9,785,000 in 2015. The highest amount was $34,283,000 in 2022. This represents an increase of over 250% over the 8 year period.

The direct premiums written and direct premiums earned increased each year from 2015 to 2022. The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $4,700,000 or 15.9% (from $29,583,000 to $34,283,000). The smallest year-over-year increase was 6.4%, from $18,813,000 in 2017 to $20,051,000 in 2018.

The trends for direct premiums earned are very similar to the direct premiums written, with the lowest amount being $9,782,000 in 2015 and the highest being $34,253,000 in 2022. The largest year-over-year increase in direct premiums earned was also from 2021 to 2022 at 15.7% (from $29,610,000 to $34,253,000).

Loss Ratios for Private Crop

The Loss Ratio Percentage for Private Crop insurance in Arkansas demonstrates considerable volatility over the observed period. In 2015, the loss ratio was relatively moderate at 57.78%, but it surged dramatically by 2016, reaching a high of 160.28%.

This upward trend continued into 2017 and 2018, with loss ratios climbing to 179.95% and 207.87%, respectively. However, a significant decline was observed in 2019 as the loss ratio dropped to 158.05%.

This dip was short-lived, with the ratio rebounding to 203.95% in 2020. A trend of decreasing loss ratios emerged in the subsequent years, with 2021 and 2022 reporting 117.29% and 98.55% respectively.

Direct and Earned Premiums for Private Flood

The data shows that direct premiums written and earned for private flood insurance in Arkansas increased steadily from 2016 to 2022. The lowest amount of direct premiums written was $1,608,000 in 2016. The highest amount was $5,075,000 in 2022. This represents an increase of over 215% over the 7 year period.

The direct premiums written increased each year from 2016 to 2022. The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $636,000 or 14.3% (from $4,439,000 to $5,075,000). The smallest year-over-year increase was 6.6%, from $2,919,000 in 2018 to $3,161,000 in 2019.

The direct premiums earned followed a similar upward trend over the period, with the lowest amount being $893,000 in 2016 and the highest being $4,732,000 in 2022. However, premiums earned fluctuated more than premiums written. The largest year-over-year increase in direct premiums earned was from 2016 to 2017, when it grew by $1,820,000 or 203.9% (from $893,000 to $2,713,000). The largest year-over-year decrease was 25.3%, from $3,461,000 in 2020 to $2,496,000 in 2019.

Loss Ratios for Private Flood

The Private Flood Loss Ratio Percentage in Arkansas presents fascinating patterns and shifts across the years. A significant increase is observed from 2016 to 2017, with the loss ratio surging from a mere 0.45% to 52.17%.

However, data for 2018 is unavailable, making it difficult to track year-over-year changes during that period. In 2019, the loss ratio peaked at an alarming 116.63%, indicating a substantial escalation in the proportion of claims paid out compared to premiums collected.

This surge was followed by a dramatic decline in 2020, with the loss ratio plummeting to a low of 2.41%. The trend then shifted to a gradual increase in the subsequent years, with 2021 recording an 8.27% loss ratio and 2022 registering a slightly higher percentage of 16.08%.

Direct and Earned Premiums for Farmowners Multiple Peril

The data shows that direct premiums written and direct premiums earned for farmowners multiple peril insurance in Arkansas increased substantially from 2015 to 2022.

The lowest amount of direct premiums written was $28,608,000 in 2015. This steadily increased each year, with the highest amount being $89,332,000 in 2022. This represents an increase of over 212% over the 8 year period.

Similarly, the lowest amount of direct premiums earned was $28,153,000 in 2015. The highest amount was $84,761,000 in 2022, representing a 201% increase. The largest year-over-year increase in direct premiums written was from 2019 to 2020, when it grew by $180,079,000 or 33.5% (from $537,230,000 to $718,020,000).

The smallest year-over-year increase was just under 1% from 2016 to 2017 ($278,360,000 to $298,320,000). In most years, the direct premiums earned were slightly lower than the direct premiums written. However, in 2018 the direct premiums earned were significantly lower at $32,452,000 compared to $35,895,000 written.

Loss Ratios for Farmowners Multiple Peril

The Farmowners Multiple Peril loss ratio in Arkansas has displayed significant growth over the span of eight years. From a modest 59.57% in 2015, it has steadily increased year on year, reaching an unprecedented 113.64% in 2022. A slight dip to 56.5% was observed in 2016, but this was followed by a steep upward trend, with the loss ratio escalating to 73.91% in 2017.

The following year saw a minor increase to 76.91%, but 2019 marked a significant hike, reaching 82.36%. This surge continued into 2020, with the ratio soaring to 96.14%, breaking the 100% threshold in 2021 at 104.3%.

Direct and Earned Premiums for Homeowners Multiple Peril

The data shows that direct premiums written and direct premiums earned for homeowners multiple peril insurance in Arkansas increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $863,215,000 in 2015. The highest amount was $1,227,328,000 in 2022.

This represents an increase of over 42% over the 8 year period. The direct premiums written increased each year from 2015 to 2022. The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $123,519,000 or 11.2% (from $1,103,809,000 to $1,227,328,000).

The smallest year-over-year increase was 2.1%, from $907,329,000 in 2017 to $941,727,000 in 2018. Similarly, direct premiums earned also increased steadily over the period. It grew from $848,858,000 in 2015 to $1,162,346,000 in 2022, an increase of 37% over the 8 years.

Loss Ratios for Homeowners Multiple Peril

The loss ratio data for Homeowners Multiple Peril in Arkansas highlights distinct variations over the years. The range of fluctuation is quite broad, with the loss ratio reaching its lowest at 50.56% in 2017 and peaking at a significant 119.58% in 2022. From 2015 to 2016, there's a noticeable increase from 56.24% to 63.18%.

However, 2017 saw a drop to 50.56%. A surge to 66.37% was observed in 2018, which slightly decreased to 61.29% in 2019. The most pronounced increase occurred in 2020, with the loss ratio climbing to 78.3%. While 2021 showed a decrease to 67.13%, it was followed by a jump in 2022 to 119.58%.

Direct and Earned Premiums for Commercial Multiple Peril

The data shows that direct premiums written and direct premiums earned for commercial multiple peril insurance in Arkansas increased steadily from 2015 to 2022.

The lowest amount of direct premiums written was $323,955,000 in 2015. This increased each year, reaching a high of $453,981,000 in 2022. This represents an increase of over 40% from 2015 to 2022.

Similarly, direct premiums earned grew from $321,225,000 in 2015 to $434,118,000 in 2022, an increase of over 35%. The largest year-over-year increase in direct premiums written was from 2020 to 2021, when it grew by $34,601,000 or 9.2% (from $375,446,000 to $410,472,000). The smallest year-over-year increase was 1.3%, from $337,980,000 in 2018 to $343,300,000 in 2019.

For direct premiums earned, the biggest jump was also from 2020 to 2021, increasing by $29,310,000 or 8.1% (from $364,065,000 to $393,750,000). The smallest increase was 1.7% from 2016 to 2017.

Loss Ratios for Commercial Multiple Peril

The loss ratio data for Commercial Multiple Peril in Arkansas demonstrates notable trends and variations over the years. The loss ratios show considerable fluctuations, with the lowest at 37.79% in 2017 and the highest at 96.86% in 2022. Between 2015 and 2016, the loss ratio increased from 45.11% to 56.8%, followed by a decrease to 37.79% in 2017.

A rebound occurred in 2018, with the loss ratio surging to 55.08%. Subsequent years witnessed a decline to 48.93% in 2019, but a significant increase took place in 2020, with the loss ratio reaching 73.42%. The years 2021 and 2022 display an upward trend, with loss ratios of 69.14% and 96.86%, respectively.

Direct and Earned Premiums for Mortgage Guaranty

The data shows that direct premiums written and direct premiums earned for mortgage guaranty insurance in Arkansas fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $31,627,000 in 2015. This increased to $37,475,000 in 2022, representing an overall increase of 18.5% over the 8 year period.

Direct premiums earned followed a similar trend, starting at $29,959,000 in 2015 and reaching $38,347,000 in 2022, a 28.1% increase. The largest year-over-year increase in direct premiums written was from 2018 to 2019, when it grew by $2,124,000 or 6.4% (from $33,393,000 to $35,517,000).

The smallest year-over-year increase was just 0.3% from 2016 to 2017 ($31,524,000 to $31,891,000). For direct premiums earned, the biggest jump was from 2019 to 2020, increasing by $2,750,000 or 7.4% (from $37,202,000 to $39,952,000). The smallest increase was 1.9% from 2016 to 2017 ($31,263,000 to $30,893,000).

Loss Ratios for Mortgage Guaranty

The Mortgage Guaranty loss ratio data for Arkansas unveils interesting patterns over the years. The loss ratios show marked fluctuations, spanning from a low of 5.65% in 2021 to a peak of 26.4% in 2015. A consistent decrease can be noted from 2015 to 2019, with the loss ratio declining from 26.4% to 5.87%.

However, 2020 experienced a surge, witnessing a loss ratio of 22.44%, a significant increase from the previous year. This upward swing was short-lived, as the subsequent year, 2021, registered the lowest loss ratio of 5.65%.

Direct and Earned Premiums for Ocean Marine

The data shows that direct premiums written and direct premiums earned for ocean marine insurance in Arkansas fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $16,403,000 in 2017, while the highest was $24,133,000 in 2022.

Direct premiums written increased overall during the period, with the largest year-over-year increase occurring between 2021 and 2022, when direct premiums written grew by $4,466,000 or 21.6% (from $20,667,000 to $24,133,000). Similarly, direct premiums earned were lowest at $16,413,000 in 2017 and highest at $23,216,000 in 2022.

The largest year-over-year increase in direct premiums earned was also between 2021 and 2022, growing by $2,187,000 or 10.4% (from $21,029,000 to $23,216,000). In most years, direct premiums earned were slightly lower than direct premiums written for ocean marine insurance in Arkansas.

This gap widened in 2020 when direct premiums written were $21,333,000 and direct premiums earned were $19,774,000. However, by 2022 this gap had narrowed significantly, with direct premiums written at $24,133,000 and direct premiums earned at $23,216,000.

Loss Ratios for Ocean Marine

The Ocean Marine loss ratio data in Arkansas displays remarkable variations between 2015 and 2022. The lowest loss ratio of 13.87% was observed in 2015, while the highest occurred in 2022 at an astounding 335.89%. The data reveals significant fluctuations in loss ratios throughout the years, with notable peaks in 2016 at 119.04% and 2019 at 129.59%. In contrast, 2017 and 2021 exhibited relatively lower loss ratios of 26.33% and 34.06%, respectively.

The overall trend appears to be inconsistent, with alternating periods of increase and decrease. For instance, a sharp rise is observed from 2015 to 2016, followed by a significant drop in 2017. Subsequently, the loss ratio increased again in 2018, reaching 97.6%, before peaking in 2019. From 2019 to 2020, the loss ratio decreased by 50.78 percentage points, only to see a dramatic increase in 2022.

Direct and Earned Premiums for Inland Marine

The data shows that direct premiums written and direct premiums earned for inland marine insurance in Arkansas increased overall from 2015 to 2022. The lowest amount of direct premiums written was $202,279,000 in 2015. This steadily increased each year, with the exception of a slight dip from $239,029,000 in 2020 to $265,651,000 in 2021.

The highest direct premiums written was $303,073,000 in 2022, representing an increase of nearly 50% from 2015. Similarly, direct premiums earned started at $202,958,000 in 2015 and rose to $287,891,000 in 2022, an increase of over 40%.

The largest year-over-year growth for direct premiums written was from 2021 to 2022 at 14.2% (from $265,651,000 to $303,073,000). The smallest was from 2019 to 2020 at just 1.3% (from $242,280,000 to $239,029,000).

Loss Ratios for Inland Marine

The loss ratio data for Inland Marine in Arkansas highlights intriguing fluctuations over the years. The loss ratios showed a slight decrease from 59.18% in 2015 to 57.57% in 2016, followed by a more significant drop to 51.91% in 2017. The subsequent years, 2018 and 2019, showed modest increases to 54.47% and 53.64%, respectively.

However, 2020 marked a notable swing with the loss ratio surging to 60.15%, the highest it had been since 2015. The upward trend continued in 2021, reaching a peak of 71.71%, the highest recorded within these years. Conversely, 2022 presented a significant decline with the loss ratio falling to 46.37%, the lowest seen over this period.

Direct and Earned Premiums for Financial Guaranty

The data shows that direct premiums written and direct premiums earned for financial guaranty insurance in Arkansas fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $446,000 in 2022, while the highest was $4,962,000 in 2016. This represents an over 1,000% difference between the highest and lowest years.

Direct premiums written increased from $1,716,000 in 2015 to a peak of $4,962,000 in 2016, before dropping to $485,000 in 2017. After this low point, direct premiums written recovered somewhat, reaching $1,251,000 in 2020, before declining again to $446,000 in 2022.

Direct premiums earned followed a similar pattern, starting at $4,079,000 in 2015, spiking to $7,956,000 in 2016, and then falling to a low of $770,000 in 2021. The largest year-over-year decrease was from 2016 to 2017, when direct premiums earned dropped by $6,174,000 or 77.6% (from $7,956,000 to $1,782,000).

Loss Ratios for Financial Guaranty

The analysis of loss ratio data for Financial Guaranty in Arkansas is unavailable.

Direct and Earned Premiums for Medical Professional Liability

The data shows that direct premiums written and direct premiums earned for medical professional liability insurance in Arkansas fluctuated between 2015 and 2021. The lowest amount of direct premiums written was $62,516,000 in 2017, while the highest was $74,743,000 in 2021. This represents an increase of 19.5% from the low in 2017 to the high in 2021.

Direct premiums written increased from $64,074,000 in 2015 to $64,137,000 in 2016, before decreasing to $62,516,000 in 2017. There was then an increase each year from 2018 ($64,145,000) to 2021 ($74,743,000). The largest year-over-year increase in direct premiums written was from 2020 to 2021, when it grew by $10,567,000 or 16.5% (from $64,176,000 to $74,743,000).

Direct premiums earned followed a similar pattern, with the lowest amount being $61,859,000 in 2017 and the highest being $73,778,000 in 2021. This was an increase of 19.3% between those years. The largest year-over-year growth in direct premiums earned was also from 2020 to 2021, increasing by $9,109,000 or 14.1% (from $64,669,000 to $73,778,000).

Loss Ratios for Medical Professional Liability

The loss ratio data for Medical Professional Liability in Arkansas showcases intriguing oscillations over the years. The loss ratios have shown considerable variation, from a low point of 23.69% in 2021 to a peak of 69.35% in 2019. The data from 2015 to 2022 exhibits a pattern of alternating high and low loss ratios.

For example, the decrease from 61.98% in 2015 to 39.67% in 2016, followed by a spike to 66.51% in 2017, and then a fall to 40.31% in 2018. This pattern is repeated in the subsequent years, with a jump in 2019 and drop in 2020. However, this trend was interrupted in 2021 with the lowest recorded loss ratio, but rebounded in 2022 to 50.99%.

Direct and Earned Premiums for Earthquake

The data shows that direct premiums written and direct premiums earned for earthquake insurance in Arkansas increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $31,615,000 in 2015. The highest amount was $50,713,000 in 2022. This represents an increase of over 60% over the 8 year period.

The direct premiums written increased each year from 2015 to 2022. The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $4,600,000 or 10% (from $46,122,000 to $50,713,000). The smallest year-over-year increase was 1% in 2016 over 2015 ($31,615,000 to $31,365,000).

The direct premiums earned followed a similar trend, with the lowest amount being $30,308,000 in 2015 and the highest being $48,494,000 in 2022. This was an increase of over 60% as well. The largest year-over-year increase in direct premiums earned was also from 2021 to 2022, when it grew by $4,036,000 or 9.1% (from $44,458,000 to $48,494,000). The smallest increase was 0.2% from 2016 to 2017 ($30,901,000 to $31,504,000).

Loss Ratios for Earthquake

The Earthquake Loss Ratio data for Arkansas unveils distinct patterns and fluctuations across the years. One feature of the data is the presence of missing data in 2016, 2019, and 2022. Despite these gaps, the available data illustrates a varied range of loss ratios, with the lowest at 0.05% in 2015 and the highest at 6.74% in 2018. Between 2015 and 2017, the loss ratio experienced an increase from 0.05% to 0.64%.

However, a substantial surge occurred in 2018, when the loss ratio climbed to 6.74%. Following this peak, the loss ratio significantly decreased in 2020 to 0.24%. This downward trajectory persisted into 2021, with a further decline to 0.15%.

Direct and Earned Premiums for Workers Compensation

The data shows that direct premiums written and direct premiums earned for workers compensation insurance in Arkansas fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $239,079,000 in 2019. The highest was $254,552,000 in 2022.

Direct premiums written decreased each year from 2015 to 2019, going from $259,624,000 down to $239,079,000. This represents a 7.8% decrease over the 5 year period. However, direct premiums written then increased each year from 2019 to 2022.

The largest year-over-year increase was from 2021 to 2022, when direct premiums written grew by $11,197,000 or 4.6% (from $241,355,000 to $254,552,000). The trends for direct premiums earned are similar, though the specific values differ slightly in each year. The lowest direct premiums earned was $241,584,000 in 2019 and the highest was $258,479,000 in 2022.

Loss Ratios for Workers Compensation

The loss ratio data for Workers Compensation in Arkansas presents varied patterns across the years.

The loss ratios demonstrate significant variability, moving from a minimum of 34.0% in 2018 to a maximum of 55.86% in 2021. The year 2015 kicked off the period with a loss ratio of 46.31%, slightly dropping to 45.29% in 2016. A rise was noted in 2017, reaching 50.09%, before plummeting in 2018 to its lowest at 34.0%.

This was followed by a rebound in 2019, with loss ratios climbing to 47.15%. By 2020, loss ratios were down slightly to 37.24%, but 2021 saw the highest spike with 55.86%. However, 2022 experienced a decline, closing the period with a loss ratio of 41.37%.

Direct and Earned Premiums for Product Liability

The data shows that direct premiums written and earned for products liability insurance in Arkansas fluctuated between 2015 and 2021. The lowest amount of direct premiums written was $16,816,000 in 2018, while the highest was $23,348,000 in 2021. This represents an increase of over 39% from the low in 2018 to the high in 2021.

Direct premiums written increased each year from 2015 to 2017, going from $17,710,000 in 2015 to $19,342,000 in 2017. There was then a drop to $16,816,000 in 2018 before increasing again each year to 2021. The largest year-over-year increase in direct premiums written was from 2020 to 2021, when it grew by $2,664,000 or 12.9% (from $20,684,000 to $23,348,000).

Direct premiums earned followed a similar pattern, with the lowest amount being $17,334,000 in 2019 and the highest being $22,441,000 in 2021. This was a 29.5% increase from 2019 to 2021. The largest year-over-year growth in direct premiums earned was also from 2020 to 2021 at 20.6% (from $18,608,000 to $22,441,000).

Loss Ratios for Product Liability

The Products Liability loss ratio data in Arkansas presents noteworthy fluctuations from 2015 to 2022. The loss ratios ranged from a low of 18.67% in 2017 to a high of 88.03% in 2019. A significant surge in loss ratio is observed in 2016, at 85.12%, followed by a drastic drop to 18.67% in 2017.

This downward trend reverses in 2018, with the loss ratio climbing back up to 53.31%. An even steeper rise is evident in 2019, with the loss ratio peaking at 88.03%. However, this is followed by a sharp decline to 25.56% in 2020. In the more recent years of 2021 and 2022, the loss ratios appear to stabilize somewhat, recording 41.15% and 42.07% respectively.

Direct and Earned Premiums for Private Passenger Auto

The data shows that direct premiums written and direct premiums earned for private passenger auto insurance in Arkansas increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $1,680,247,000 in 2015. The highest amount was $2,341,230,000 in 2022. This represents an increase of over 39% over the 8 year period.

The direct premiums written increased each year from 2015 to 2022. The largest year-over-year increase in direct premiums written was from 2020 to 2021, when it grew by $957,908,000 or 4.5% (from $2,148,756,000 to $2,244,664,000). The smallest year-over-year increase was 2.0%, from $2,106,860,000 in 2019 to $2,148,756,000 in 2020.

The direct premiums earned followed a similar trend, with the lowest amount being $1,653,602,000 in 2015 and the highest being $2,299,817,000 in 2022, a 39% increase. The largest year-over-year increase in direct premiums earned was also from 2020 to 2021 at 4.1% (from $2,135,378,000 to $2,209,980,000). The smallest increase was 1.9% from 2019 to 2020.

Loss Ratios for Private Passenger Auto

The loss ratio data for Private Passenger Auto Total in Arkansas presents a dynamic pattern over the observed years. The loss ratio peaked in 2016 at 75.85%, followed by a decline to 59.86% by 2018. A minor uptick to 61.02% was seen in 2019, after which it decreased again to 56.32% in 2020. An upward trend is evident from 2020, with the loss ratio rising to 65.14% in 2021, culminating in a dramatic increase to 82.83% in 2022.

Direct and Earned Premiums for Commercial Auto

The data shows that direct premiums written and direct premiums earned for commercial auto insurance in Arkansas increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $330,641,000 in 2015. The highest amount was $533,288,000 in 2022. This represents an increase of over 60% over the 8 year period.

The direct premiums written increased each year from 2015 to 2022. The largest year-over-year increase in direct premiums written was from 2020 to 2021, when it grew by $43,868,000 or 9.7% (from $495,113,000 to $533,288,000). The smallest year-over-year increase was 6.4%, from $369,751,000 in 2017 to $393,845,000 in 2018.

The direct premiums earned followed a similar pattern, with the lowest amount being $320,207,000 in 2015 and the highest being $515,304,000 in 2022. This was an increase of over 60% as well. The largest year-over-year increase in direct premiums earned was also from 2020 to 2021, when it grew by $43,950,000 or 10.1% (from $477,671,000 to $515,304,000). The smallest increase was 6.1%, from $356,605,000 in 2017 to $389,917,000 in 2018.

Loss Ratios for Commercial Auto

The loss ratio percentages for Commercial Auto in Arkansas indicate interesting variations over the years. In 2015, the loss ratio was 65.42%, which increased to 71.75% in 2016, marking the highest value in the dataset. This was followed by a slight decrease to 63.99% in 2017 and a consistent ratio of around 63.75% in 2018.

The data showed a noticeable drop to 60.42% in 2019, and a further decline to 55.4% in 2020, the lowest in the given period. However, the trend reversed in 2021 with a slight increase to 57.0%. The most recent year, 2022, saw a significant jump to 69.5%, reflecting a return to higher loss ratios.

Direct and Earned Premiums for Aircraft

The data shows that direct premiums written and earned for aircraft insurance in Arkansas fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $21,218,000 in 2015.

This increased to $22,909,000 in 2016 before dropping slightly to $21,491,000 in 2017. Direct premiums written then increased each year from 2018 to 2022. The highest amount was $36,559,000 in 2022, representing an increase of 72% from the 2015 low.

Direct premiums earned followed a similar pattern to direct premiums written over the period, with the lowest amount being $21,325,000 in 2015 and the highest being $35,835,000 in 2022. This was a 68% increase. The largest year-over-year increase in direct premiums written was from 2020 to 2021, when it grew by $3,775,000 or 12%. The smallest year-over-year increase was just 1.9% between 2017 and 2018.

Loss Ratios for Aircraft

The Aircraft Loss Ratio Percentage in Arkansas presents fascinating shifts over the observed years. Notably, the loss ratios span a wide spectrum, from a low of 37.36% in 2021 to a peak of 83.9% in 2020. In the span of 2015 to 2018, there was a noticeable decline, from 70.6% to 51.47%.

However, a sharp increase was observed in 2019, reaching 75.84%. The highest loss ratio was recorded in 2020 with 83.9%, but a significant drop occurred in 2021, falling to 37.36%. The year 2022 showed a rebound, with the ratio rising to 66.08%.

Direct and Earned Premiums for Fidelity

The data shows that direct premiums written and direct premiums earned for fidelity insurance in Arkansas fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $8,326,000 in 2018, while the highest was $9,834,000 in 2022.

Direct premiums earned followed a similar pattern, with the lowest amount being $8,771,000 in 2018 and the highest being $9,670,000 in 2022. Looking more closely at the data:

Direct premiums written decreased from $10,040,000 in 2015 to $8,326,000 in 2018, representing a 17% decline over that period. However, direct premiums then rebounded after 2018, increasing to $9,834,000 in 2022. This was an 18% increase from 2018 to 2022. The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $901,000 or 9.7% (from $9,293,000 to $9,834,000).

Direct premiums earned followed a similar pattern to direct premiums written over the 2015-2022 period. The largest year-over-year increase was also from 2021 to 2022, when direct premiums earned grew by $294,000 or 3% (from $9,376,000 to $9,670,000).

Loss Ratios for Fidelity

The Fidelity Loss Ratio data for Arkansas presents notable trends and variability across the years. In 2015, the loss ratio stood at 64.49%, but 2016 lacks available data for comparison. A remarkable drop occurred in 2017, plunging to a mere 3.36%. However, the following year saw an increase to 32.84% in 2018.

Subsequent years witnessed relatively stable loss ratios, with 26.4% and 27.66% in 2019 and 2020, respectively. A sharp increase emerged in 2021, as the loss ratio surged to 43.74%, almost doubling the previous year's figure. Interestingly, the data reveals a significant decline in 2022, dropping to 20.87%.

Direct and Earned Premiums for Surety

The data shows that direct premiums written and direct premiums earned for surety insurance in Arkansas fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $34,440,000 in 2016. The highest amount was $51,927,000 in 2022. This represents an increase of over 50% from the low in 2016 to the high in 2022.

Direct premiums written increased each year from 2016 to 2022, with the exception of 2017 which saw a slight decrease from $34,440,000 in 2016 to $34,736,000 in 2017. The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $7,235,000 or 16.2% (from $44,692,000 to $51,927,000).

Direct premiums earned followed a similar pattern, with the lowest amount being $35,947,000 in 2017 and the highest being $48,711,000 in 2022. This was an increase of over 35% from the low to the high. The largest year-over-year increase in direct premiums earned was also from 2021 to 2022, when it grew by $3,722,000 or 8.5% (from $43,989,000 to $48,711,000).

Loss Ratios for Surety

The Surety Loss Ratio Percentage in Arkansas demonstrates diverse patterns over the years. In 2016, the loss ratio was remarkably low at a mere 0.99%. Following this, data for 2017 is unavailable. By 2018, it saw a significant rise to 4.31%.

A progressive surge was observed in subsequent years, with the ratio reaching 8.93% in 2019 and further escalating to 12.01% in 2020. This trend continued, with 2021 marking a slight increment at 12.93%. A considerable leap was noted in 2022, with the ratio catapulting to 23.08%, nearly doubling from the previous year.

Direct and Earned Premiums for Warranty

The data shows that direct premiums written and direct premiums earned for warranty insurance in Arkansas increased overall from 2015 to 2022. The lowest amount of direct premiums written was $4,546,000 in 2015. This steadily increased each year, with the highest amount being $10,507,000 in 2022. This represents an increase of over 130% over the 8 year period.

The direct premiums earned followed a similar trend, starting at $4,064,000 in 2015 and reaching $8,796,000 in 2022, an increase of over 116%. Looking year-over-year, the largest increase in direct premiums written was from 2021 to 2022, when it grew by $2,414,000 or 26.6% (from $9,093,000 to $10,507,000). The smallest year-over-year increase was just 2.8%, from $6,976,000 in 2017 to $7,356,000 in 2018.

For direct premiums earned, the biggest jump was also from 2021 to 2022, increasing by $3,277,000 or 50.3% (from $6,519,000 to $8,796,000). The smallest increase was from 2016 to 2017, rising just $503,000 or 11.8% (from $4,254,000 to $4,757,000).

Loss Ratios for Warranty

The loss ratio data for Warranty in Arkansas demonstrates notable trends and changes over the years. In 2015, the loss ratio stood at 50.43%, gradually rising to 54.8% in 2016 and 53.53% in 2017. A significant jump was observed in 2018, with the ratio reaching 60.13%. This trend continued into 2019 and 2020, with loss ratios of 61.68% and 61.49%, respectively.

However, 2021 marked an unusual spike in the loss ratio, reaching a peak of 83.03%. This is the highest value observed in the given period, signifying a substantial increase in claims relative to premiums earned. In contrast, 2022 saw a return to previous levels, with a loss ratio of 60.08%.