Market Trends

Direct and Earned Premiums for Fire

The data shows that direct premiums written and direct premiums earned for fire insurance in Delaware fluctuated between 2015 and 2022.

The lowest amount of direct premiums written was $23,388,000 in 2016. The highest was $44,656,000 in 2022. This represents an increase of over 90% from the low in 2016 to the high in 2022.

Direct premiums written decreased from $29,215,000 in 2015 to $23,388,000 in 2016 before increasing again in 2017 to $30,071,000. The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $6,054,000 or 15.6% (from $38,802,000 to $44,656,000).

Direct premiums earned followed a similar pattern to direct premiums written over the period, but lagged behind somewhat. The lowest direct premiums earned was $26,140,000 in 2016 and the highest was $41,439,000 in 2022. This represents an increase of over 58% between those years. The largest year-over-year increase in direct premiums earned was also from 2021 to 2022, when it grew by $3,816,000 or 10.1% (from $37,623,000 to $41,439,000).

Loss Ratios for Fire

The Fire Line loss ratio data in Delaware unveils notable variations over the years.

It ranged from a minimum of 10.96% in 2019 to a peak of 62.52% in 2020. The year 2017 also witnessed a high loss ratio of 60.21%. However, this elevated ratio was not maintained, dropping to 39.78% in 2018 and significantly lowering to 10.96% in 2019.

The following year, 2020, saw a drastic increase to 62.52%, the highest in the period under review. The loss ratios in the recent years, 2021 and 2022, have declined to 19.9% and 27.88% respectively.

Direct and Earned Premiums for Allied Lines

The data shows that direct premiums written and direct premiums earned for allied lines insurance in Delaware fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $22,738,000 in 2016. The highest was $40,454,000 in 2019.

This represents an increase of over 77% from the low point in 2016 to the high point in 2019. Direct premiums written increased each year from 2016 to 2019, with the exception of a dip from $25,762,000 in 2015 to $22,738,000 in 2016. The largest year-over-year increase was from 2018 to 2019, when direct premiums written grew by $11,827,000 or 41.3% (from $28,627,000 to $40,454,000).

Direct premiums earned followed a similar pattern to direct premiums written, with the low of $23,884,000 in 2016 and a high of $39,915,000 in 2019. The largest year-over-year increase for direct premiums earned was also from 2018 to 2019, growing by $14,730,000 or 58.5% (from $25,185,000 to $39,915,000). The smallest year-over-year increase for direct premiums written was 1.4%, from $32,599,000 in 2020 to $35,640,000 in 2021. The smallest increase for direct premiums earned was also 1.4%, from $31,114,000 in 2020 to $35,806,000 in 2021.

Loss Ratios for Allied Lines

The loss ratio data for Allied Lines in Delaware exhibits a fascinating progression over the years. The loss ratios fluctuate notably, with the lowest recorded at 19.93% in 2021, and the highest peak at a staggering 178.75% in 2019. From 2015 to 2018, there is a steady increase in loss ratios, beginning at 34.84% and culminating at 59.28%.

This growth trend is sharply interrupted in 2019 with an explosive rise to 178.75%. However, this spike is short-lived as the loss ratio plunges to 34.34% in 2020, a figure comparable to the 2015 starting point. The recent years, 2021 and 2022, display a significant reduction in loss ratios, dropping to 19.93% in 2021.

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 Delaware fluctuated between 2015 and 2022.

The lowest amount of direct premiums written was $8,747,000 in 2016. The highest was $16,110,000 in 2022. This represents an increase of over 84% from the lowest to the highest year. Direct premiums written decreased from $10,042,000 in 2015 to $8,747,000 in 2016 before increasing again in 2017 to $10,043,000.

There was another dip in 2018 to $9,126,000 followed by increases in 2019 ($9,681,000) and 2020 ($8,837,000). The largest year-over-year increase was from 2021 to 2022 when direct premiums written grew by $7,854,000 or 64% (from $12,256,000 to $16,110,000).

The pattern for direct premiums earned is similar, with the lowest amount being $8,751,000 in 2016 and the highest being $15,860,000 in 2022. This represents an increase of over 81% between those years. The direct premiums earned followed the same yearly fluctuations as the direct premiums written.

Loss Ratios for Multi-Peril Crop

The Federal Multi-Peril Crop loss ratios in Delaware have shown significant fluctuations between 2015 and 2022. The lowest loss ratio was 14.45% in 2017, and the highest was 73.26% in 2018, indicating the unpredictable nature of this business sector. From 2015 to 2016, loss ratios rose sharply from 19.74% to 51.86%, then fell notably in 2017. The peak in 2018 at 73.26% was the highest during this timeframe.

The trend reversed in 2019 with a decrease to 37.27%. From 2019 to 2022, loss ratios were relatively stable, ranging from 25.95% to 34.76%. Overall, the data shows an erratic pattern of loss ratios for Federal Multi-Peril Crop in Delaware, with significant yearly changes. The most consistent period was from 2019 to 2022, with ratios in the mid-30% range.

Direct and Earned Premiums for Federal Flood

The data shows that direct premiums written and direct premiums earned for federal flood insurance in Delaware fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $13,705,000 in 2022, while the highest was $16,113,000 in 2021.

Direct premiums written increased from 2015 to 2016, decreased from 2016 to 2017, and then increased again from 2017 to 2021 before dropping in 2022. Direct premiums earned followed a similar pattern to direct premiums written over the period. The lowest direct premiums earned was $14,624,000 in 2018 and the highest was $15,938,000 in 2021.

The largest year-over-year increase in direct premiums written was from 2019 to 2020, when it grew by $938,000 or 6.0% (from $15,633,000 to $15,571,000). The largest year-over-year decrease was from 2021 to 2022, when direct premiums written fell by $2,408,000 or 14.9% (from $16,113,000 to $13,705,000).

Loss Ratios for Federal Flood

The Federal Flood loss ratio percentages in Delaware present some interesting observations over the studied years. In 2016, the loss ratio was at 11.03%, which then plummeted to a mere 1.82% in 2017. The following year, 2018, witnessed a slight increase, reaching 2.11%. The year 2019 provided no data, leaving a gap in the trend analysis.

However, in 2020, the loss ratio surged to 7.72%. A significant rise was further noted in 2021, with the loss ratio skyrocketing to 22.2%. Despite this sharp increase, the percentage fell to 14.93% in 2022.

Direct and Earned Premiums for Private Crop

The data shows that direct premiums written and earned for private crop insurance in Delaware fluctuated between 2015 and 2022. The lowest amount of direct premiums written and earned was $64,000 in 2015.

The highest amount was $173,000 in 2022. This represents an increase of 170% over the 8 year period. The direct premiums written and earned increased each year from 2015 to 2017, with the amount growing from $64,000 in 2015 to $127,000 in 2017.

The largest year-over-year increase was from 2021 to 2022, when direct premiums jumped by 64.8% (from $105,000 to $173,000). The only year-over-year decrease was seen between 2019 and 2020, when direct premiums dropped by 12.2% (from $98,000 to $86,000).

Loss Ratios for Private Crop

The Private Crop insurance in Delaware displays considerable variations in loss ratio percentages over the years. In 2015, the loss ratio was relatively low at 14.1%.

However, a sharp rise was observed in 2016, with the percentage escalating to 88.69%. There is no data available for 2017 and 2019, causing a gap in the trend analysis. In 2018, the loss ratio dropped to 45.46%, only to skyrocket in 2020 to an all-time high of 237.83%.

This extreme hike implies a significant increase in claims relative to premiums during that year. The data for 2021 is missing, hence the trend from 2020 cannot be accurately determined. In 2022, the loss ratio percentage drastically reduced to 24.35%.

Direct and Earned Premiums for Private Flood

The data shows that direct premiums written and earned for private flood insurance in Delaware fluctuated between 2016 and 2022. The lowest amount of direct premiums written was $740,000 in 2016.

This increased to $1,669,000 in 2017, $1,870,000 in 2018, and $1,542,000 in 2019 before jumping to $2,029,000 in 2020. The highest amount of direct premiums written was $5,559,000 in 2021, representing an over 650% increase from 2016. Direct premiums written then decreased to $4,380,000 in 2022.

Direct premiums earned followed a similar pattern, starting at $403,000 in 2016, peaking at $4,023,000 in 2021, and ending at $4,750,000 in 2022. The largest year-over-year increase for direct premiums written was between 2020 and 2021, when it grew by $3,530,000 or 174%. The largest increase for direct premiums earned was between 2016 and 2017, when it grew by $989,000 or 245%.

Loss Ratios for Private Flood

The loss ratio data for Private Flood insurance in Delaware presents a fascinating pattern of fluctuations over the years. The loss ratios demonstrated considerable variability, from a low of 0.67% in 2018 to an impressive peak of 47.58% in 2017. No data is available for the year 2019, making trend interpretation slightly challenging.

However, in the recent years of 2021 and 2022, the loss ratios seem to stabilize at 11.78% and 8.5% respectively. While the years 2016 and 2020 show relatively low loss ratios of 2.21% and 3.44%, the drastic spike in 2017 stands as an outlier in the overall trend.

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 Delaware increased steadily from 2015 to 2022.

The lowest amount of direct premiums written was $5,756,000 in 2015. This increased each year, with the highest amount being $9,026,000 in 2022. This represents an increase of over 56% from 2015 to 2022.

The direct premiums earned followed a similar trajectory, starting at $5,542,000 in 2015 and reaching $8,656,000 in 2022, an increase of 56%. The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $1,730,000 or 20.9% (from $8,296,000 to $9,026,000).

The smallest year-over-year increase was just 1.1%, from $7,794,000 in 2019 to $7,880,000 in 2020. For direct premiums earned, the biggest jump was also from 2021 to 2022, increasing by $1,537,000 or 18.9% (from $8,119,000 to $8,656,000). The smallest increase was 2.4% from $6,686,000 in 2017 to $6,843,000 in 2018.

Loss Ratios for Farmowners Multiple Peril

The Farmowners Multiple Peril loss ratio data for Delaware presents an interesting pattern of fluctuations over the years. Starting from a relatively low 14.1% in 2015, the loss ratio rocketed to 56.31% in 2016. Although it fell to 44.5% in 2017, the ratio remained significantly higher than the initial value. The subsequent years witnessed a decline, with a drop to 30.79% in 2018 and a slight increase to 33.92% in 2019.

However, in 2020, the loss ratio surged to 49.05%, indicating a substantial increase. This was followed by a sharp dip to 21.99% in 2021, marking the lowest point since 2015. Yet, the loss ratio in 2022 took a dramatic turn, reaching a record high of 69.15%.

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 Delaware increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $244,064,000 in 2015. The highest was $382,399,000 in 2022. This represents an increase of over 56% 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 $40,395,000 or 11.8% (from $342,404,000 to $382,399,000). The smallest year-over-year increase was 4.8%, from $259,514,000 in 2019 to $271,025,000 in 2020.

The direct premiums earned followed a similar trend, with the lowest amount being $236,908,000 in 2015 and the highest being $361,672,000 in 2022. This was an increase of over 52% over the period. As with direct premiums written, direct premiums earned increased each year. The largest year-over-year increase was 11.3% between 2021 and 2022 (from $324,744,000 to $361,672,000). The smallest was 4.5% between 2019 and 2020.

Loss Ratios for Homeowners Multiple Peril

The Loss Ratio Percentage for Homeowners Multiple Peril in Delaware shows interesting fluctuations from 2015 to 2022. The loss ratios vary significantly, with the lowest value of 39.31% in 2017 and the highest of 76.63% in 2020. The years 2015 and 2016 saw a slight increase from 44.34% to 47.73%, followed by a dip in 2017.

A sharp rise to 53.76% was observed in 2018, which then slightly decreased to 47.44% in 2019. The year 2020 marked a significant jump to 76.63%, which subsequently declined to 44.28% in 2021. The loss ratio in 2022 shows a slight increase to 48.85%.

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 Delaware fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $329,555,000 in 2021. The highest amount was $369,285,000 in 2018. This represents an increase of over 12% from the lowest to highest years.

Direct premiums written decreased from 2015 to 2017, going from $303,839,000 in 2015 down to $322,736,000 in 2017. There was then an increase from 2017 to 2018 of 14.5%, bringing direct premiums written up to the peak of $369,285,000. After 2018, direct premiums written declined each year through 2021. In 2022 there was a slight increase to $338,824,000.

The trends for direct premiums earned are similar, with the lowest amount being $334,288,000 in 2022 and the peak of $378,191,000 in 2016. Direct premiums earned declined after 2016 before ticking up in 2018, then decreasing each year after that through 2022. The largest year-over-year decrease for direct premiums written was from 2020 to 2021, when it declined by 3.1% from $340,469,000 to $329,555,000. The largest increase was the 14.5% growth seen from 2017 to 2018.

Loss Ratios for Commercial Multiple Peril

The loss ratio data for Commercial Multiple Peril in Delaware, spanning eight years, showcases intriguing variability. Loss ratios in 2015 were notably high at 75.06%, followed by a dramatic drop to 17.47% in 2016.

The year 2017 saw an increase to 34.08%, only to decrease again to 23.42% and 13.64% in 2018 and 2019 respectively. A significant spike occurred in 2020 with the loss ratio reaching 68.44%. However, in 2021, the loss ratio dropped to 33.7%, and decreased further to 14.91% in 2022.

Direct and Earned Premiums for Mortgage Guaranty

The data shows that direct premiums written and direct premiums earned for mortgage guaranty insurance in Delaware fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $20,827,000 in 2015. This increased to a high of $23,118,000 in 2020 before decreasing slightly to $22,047,000 in 2022. Direct premiums earned followed a similar pattern. The lowest amount was $19,249,000 in 2015. This steadily increased to a peak of $24,813,000 in 2020.

It then decreased to $22,786,000 in 2022. Overall, there was an increasing trend in both direct premiums written and direct premiums earned over the 8 year period. Direct premiums written increased by 5.8% from 2015 to 2022. Meanwhile, direct premiums earned grew by 18.3% over the same time frame.

The largest year-over-year increase for direct premiums written was from 2019 to 2020, when it grew by $2,246,000 or 10.3% (from $21,872,000 to $23,118,000). The smallest year-over-year increase was just 0.9% from 2017 to 2018 (from $20,247,000 to $20,685,000). For direct premiums earned, the biggest jump was from 2018 to 2019, increasing by $2,213,000 or 10.7% (from $20,701,000 to $22,914,000). The smallest increase was 1.4% from 2016 to 2017 (from $18,858,000 to $20,252,000).

Loss Ratios for Mortgage Guaranty

An analysis of the loss ratio percentages for Mortgage Guaranty in Delaware demonstrates substantial changes over the years. The highest loss ratio surfaced in 2016 at 47.02%, while the lowest was 2.68% in 2021. Between 2015 and 2016, there was a noticeable increase from 39.94% to 47.02%.

However, a significant decline followed in 2017, dropping to 23.24%. The trend continued to plummet in 2018 with an all-time low of 7.17% before a slight rebound in 2019 to 15.03%. 2020 saw an impressive increase to 33.26%, but this was short-lived as 2021 marked the lowest loss ratio percentage on record.

Direct and Earned Premiums for Ocean Marine

The data shows that direct premiums written and direct premiums earned for ocean marine insurance in Delaware increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $7,658,000 in 2015. The highest was $16,467,000 in 2022. This represents an increase of over 115% over the 8 year period.

Direct premiums written increased each year from 2015 to 2022. The largest year-over-year increase was from 2021 to 2022, when direct premiums written grew by $4,771,000 or 34.8% (from $13,696,000 to $16,467,000). The smallest increase was 2.3%, from $7,978,000 in 2016 to $8,198,000 in 2018.

The direct premiums earned followed a similar trend, with the lowest amount being $7,417,000 in 2015 and the highest being $15,408,000 in 2022. This was an increase of over 107% across the 8 years. As with the direct premiums written, the direct premiums earned increased each year during this period. The largest year-over-year increase was 22.7% from 2021 to 2022 (from $12,552,000 to $15,408,000) and the smallest was 0.7% from 2016 to 2017.

Loss Ratios for Ocean Marine

The Ocean Marine loss ratio data for Delaware displays intriguing trends. The loss ratios show considerable variability, with a peak of 74.19% in 2016 and a trough at 31.17% in 2022. The year 2017, similar to 2022, also recorded a relatively lower loss ratio at 35.3%.

However, a gradual increase is observed from 2017 through 2020, moving from 35.3% to 56.68%. This ascending trend was disrupted in 2021, as the loss ratio fell to 37.82%. The year 2015 started with a moderate loss ratio of 44.79%, while 2018 and 2019 experienced comparable loss ratios of 45.91% and 50.1% respectively.

Direct and Earned Premiums for Inland Marine

The data shows that direct premiums written and direct premiums earned for inland marine insurance in Delaware fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $72,446,000 in 2018. The highest amount was $175,880,000 in 2022.

This represents an increase of over 140% from the low in 2018 to the high in 2022. Direct premiums written increased each year from 2015 to 2017, with the largest year-over-year increase occurring from 2016 to 2017 when premiums grew by $26,669,000 or 34%. Premiums then decreased in 2018 to $72,446,000 before increasing again each year from 2019 to 2022. The second largest year-over-year increase was from 2021 to 2022 when premiums grew by $51,440,000 or 41%.

Direct premiums earned followed a similar pattern to direct premiums written, but lagged behind somewhat due to the timing of revenue recognition. The lowest amount of direct premiums earned was $77,064,000 in 2018, while the highest was $169,206,000 in 2022. This represents an increase of 120% between those years. The largest year-over-year increase in direct premiums earned was from 2021 to 2022 when it grew by $48,110,000 or 40%.

Loss Ratios for Inland Marine

The Inland Marine insurance loss ratios in Delaware have demonstrated considerable variation over the examined years. In 2015, the loss ratio was 63.21%, which surged to 84.6% in 2016 indicating a high payout year. A sharp drop was observed in 2017, with the ratio plunging to 42.33%. Minor increases were noted in the subsequent year, 2018, with the ratio climbing to 44.91%.

In 2019, the ratio slightly decreased to 41.96%, marking the lowest point in the observed period. In 2020, the loss ratio rebounded to 60.07%, showing an increase in claims or decrease in premiums, or both. A minor dip to 49.34% was recorded in 2021. The latest data from 2022 shows an uptick to 60.51%, signifying another year of higher claims or reduced premiums.

Direct and Earned Premiums for Financial Guaranty

The data shows that direct premiums written and direct premiums earned for financial guaranty insurance in Delaware fluctuated between 2015 and 2022.

The lowest amount of direct premiums written was $9,580,000 in 2020. The highest was $29,524,000 in 2017. For direct premiums earned, the lowest was $9,968,000 in 2020 and the highest was $43,813,000 in 2016. Overall, direct premiums written decreased from $22,247,000 in 2015 to $9,580,000 in 2020, before increasing again to $18,309,000 in 2022.

Direct premiums earned followed a different pattern, peaking at $43,813,000 in 2016, decreasing sharply to $16,287,000 in 2017, and then declining gradually to $11,942,000 in 2022. The largest year-over-year decrease in direct premiums written was from 2017 to 2018, when it fell by $12,298,000 or 41.7% (from $29,524,000 to $17,226,000).

The largest increase was from 2020 to 2021, when direct premiums written grew by $8,637,000 or 90.1% (from $9,580,000 to $18,217,000). For direct premiums earned, the biggest year-over-year change was from 2016 to 2017, when it dropped by $27,526,000 or 62.8% (from $43,813,000 to $16,287,000).

Loss Ratios for Financial Guaranty

The analysis of loss ratio data for Financial Guaranty in Delaware 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 Delaware fluctuated between 2015 and 2021. The lowest amount of direct premiums written was $29,881,000 in 2018. The highest was $36,558,000 in 2021.

For direct premiums earned, the lowest was $29,896,000 in 2019 and the highest was $34,936,000 in 2021. Overall, direct premiums written increased from $33,662,000 in 2015 to $36,558,000 in 2021, representing a growth of 8.7% over the period.

Direct premiums earned grew from $34,422,000 in 2015 to $34,936,000 in 2021, an increase of 1.5%. The largest year-over-year increase in direct premiums written was from 2020 to 2021, when it grew by $7,558,000 or 18.8% (from $30,800,000 to $36,558,000).

The smallest increase was 0.7% from 2018 to 2019 ($29,881,000 to $30,183,000). For direct premiums earned, the biggest year-over-year growth was 6.8% from 2018 to 2019 ($30,366,000 to $32,368,000). The only decline was in 2020, when direct premiums earned fell by 1.1% compared to 2019 ($29,896,000 to $30,042,000).

Loss Ratios for Medical Professional Liability

An examination of the Loss Ratio Percentage for Medical Professional Liability in Delaware from 2015 to 2022 reveals notable variations.

The loss ratios fluctuated from as low as 28.47% in 2015 to a record peak of 111.63% in 2022. A significant increase is observed from 2015 to 2018, with the loss ratio rising steadily from 28.47% to 57.83%.

However, a slight drop to 46.85% occurred in 2019. The highest surge happened between 2019 and 2020, with the loss ratio jumping to 70.77%. In contrast, 2021 saw a substantial decrease to 38.32%, before the drastic rise in 2022.

Direct and Earned Premiums for Earthquake

The data shows that direct premiums written and direct premiums earned for earthquake insurance in Delaware fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $1,070,000 in 2016. The highest was $1,912,000 in 2022. This represents an increase of 79% over the 8 year period.

Direct premiums written increased overall from 2015 to 2022, with the exception of a dip from $1,173,000 in 2015 to $1,070,000 in 2016. The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $239,000 or 14% (from $1,673,000 to $1,912,000).

Direct premiums earned followed a similar pattern to direct premiums written, with the lowest amount being $1,074,000 in 2016 and the highest being $1,766,000 in 2022. The largest year-over-year increase in direct premiums earned was from 2018 to 2019, when it grew by $121,000 or 9% (from $1,395,000 to $1,516,000).

Loss Ratios for Earthquake

The Earthquake Insurance Loss Ratio data for Delaware demonstrates notable variations across the years. In 2016, a minimal loss ratio of 1.92% was observed, which slightly decreased to 1.63% in 2017.

However, the trend shifted in 2018, with the loss ratio surging to 4.57%. Despite data being unavailable for 2019 and 2021, the loss ratio reached its peak at 5.31% in 2020. Interestingly, the most recent year, 2022, showed a significant decline in the loss ratio to a mere 0.5%.

Direct and Earned Premiums for Workers Compensation

The data shows that direct premiums written and direct premiums earned for workers compensation insurance in Delaware fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $189,781,000 in 2022, decreasing from $199,351,000 in 2021. The highest amount was $221,793,000 in 2017.

Direct premiums written increased from $197,234,000 in 2015 to a peak of $221,793,000 in 2017, a 12.5% increase over this 2 year period. After 2017, direct premiums written decreased each year through 2022. The largest year-over-year decrease was from 2021 to 2022, when direct premiums written declined by $9,570,000 or 4.8% (from $199,351,000 to $189,781,000).

Direct premiums earned followed a similar pattern to direct premiums written, with the highest amount of $215,941,000 in 2017 and the lowest amount of $195,117,000 in 2022. The largest year-over-year increase in direct premiums earned was from 2016 to 2017, rising by $14,768,000 or 7.3% (from $201,172,000 to $215,941,000).

Loss Ratios for Workers Compensation

The Workers Compensation loss ratio data for Delaware demonstrates notable fluctuations and trends between 2015 and 2022. In 2015, the loss ratio stood at 60.45%, followed by a peak of 69.06% in 2016.

However, a sharp decrease occurred in 2017, with the loss ratio dropping to 33.8%. This downward trajectory continued through 2018, reaching a low of 22.27% in 2019. From there, the loss ratio exhibited an upward shift, increasing to 43.2% in 2020.

Despite this increase, the loss ratio then displayed a slight decrease to 40.0% in 2021, followed by a more significant drop to 26.02% in 2022. Throughout the observed years, the highest and lowest loss ratios occurred in 2016 (69.06%) and 2019 (22.27%), respectively.

Direct and Earned Premiums for Product Liability

The data shows that direct premiums written and direct premiums earned for products liability insurance in Delaware fluctuated between 2015 and 2021.

The lowest amount of direct premiums written was $7,579,000 in 2015. This increased to $11,366,000 in 2016 before decreasing to $10,986,000 in 2017. Direct premiums written reached a low of $9,345,000 in 2018 before increasing again to $12,755,000 in 2021.

Direct premiums earned followed a similar pattern. The lowest amount was $7,066,000 in 2015, increasing to a high of $12,347,000 in 2021. The largest year-over-year increase in direct premiums written was from 2015 to 2016, when it grew by $3,787,000 or 49.9%. The smallest year-over-year increase was just 1.4% from $10,986,000 in 2017 to $11,134,000 in 2018.

Loss Ratios for Product Liability

The Products Liability Loss Ratio in Delaware has shown considerable variations over the years.

In 2016, it was moderately high at 60.54%, but remarkably surged to an alarming 328.34% in 2017. This was followed by undisclosed data in 2018. The subsequent years saw a significant decrease, with the ratio dropping to 25.93% in 2019 and slightly further to 24.11% in 2020.

However, the loss ratio rebounded in 2021, rising sharply to 75.33%, indicating a higher amount of claims paid compared to premiums. The most recent year, 2022, saw the ratio moderate to 35.93%, aligning more closely with the 2016 level.

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 Delaware increased overall from 2015 to 2022.

The lowest amount of direct premiums written was $765,644,000 in 2015. This increased each year, with the exception of a slight dip from $936,782,000 in 2019 to $926,642,000 in 2020, reaching a high of $996,041,000 in 2022. This represents an overall increase of 30% over the 8 year period.

Direct premiums earned followed a similar pattern, starting at $754,481,000 in 2015 and reaching $984,566,000 in 2022, also a 30% increase. The largest year-over-year increase in direct premiums written was from 2016 to 2017, when it grew by $52,356,000 or 6.5% (from $802,005,000 to $854,361,000). The smallest increase was just 0.7% from 2020 to 2021.

Loss Ratios for Private Passenger Auto

The loss ratio data for Private Passenger Auto Total in Delaware showcases interesting trends over the years. Significant variability is observed, with the loss ratio oscillating between a low of 58.4% in 2020 and a peak of 82.64% in 2022. In the initial years, the loss ratio increased from 67.36% in 2015 to 72.15% in 2016, but slightly decreased to 70.18% in 2017.

A noticeable drop to 63.44% was seen in 2018, followed by a rise to 70.65% in 2019. The year 2020 recorded the lowest loss ratio over the period at 58.4%, before a rebound to 68.68% in 2021. The year 2022 marked the highest loss ratio at 82.64%.

Direct and Earned Premiums for Commercial Auto

The data shows that direct premiums written and direct premiums earned for commercial auto liability insurance in Delaware increased steadily from 2015 to 2022.

The lowest amount of direct premiums written was $108,261,000 in 2015. The highest amount was $202,242,000 in 2022. This represents an increase of over 86% 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 $31,105,000 or 20.3% (from $153,503,000 to $185,458,000). The smallest year-over-year increase was 6.8%, from $127,321,000 in 2017 to $135,749,000 in 2018. Similarly, direct premiums earned also increased steadily over the period.

It grew from $105,567,000 in 2015 to $196,676,000 in 2022, an increase of over 86%. The trends in direct premiums earned generally mirrored the trends in direct premiums written. For example, the largest year-over-year increase in direct premiums earned was also from 2020 to 2021, when it increased by $25,325,000 or 16.9% (from $149,768,000 to $175,093,000).

Loss Ratios for Commercial Auto

The Commercial Auto Total loss ratio data in Delaware presents interesting patterns over the eight-year span. The loss ratios experienced a steady increase from 67.42% in 2015 to a peak of 81.74% in 2018. However, a decline was observed in the following year, with the ratio reducing to 69.05% in 2019.

Despite a minor rise to 69.77% in 2020, the ensuing years saw a downward trajectory with a dip to 60.37% in 2021. Nevertheless, the loss ratio witnessed a slight rebound to 64.34% in 2022.

Direct and Earned Premiums for Aircraft

The data shows that direct premiums written and direct premiums earned for aircraft insurance in Delaware increased overall from 2015 to 2022. The lowest amount of direct premiums written was $11,820,000 in 2016. The highest was $24,141,000 in 2022. This represents an increase of over 100% over the 8 year period.

The direct premiums written increased each year from 2016 to 2022, with the exception of 2018 which saw a slight decrease from $12,716,000 in 2017 to $12,063,000 in 2018. The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $5,983,000 or 31.2% (from $19,158,000 to $24,141,000).

The direct premiums earned followed a similar pattern, with the lowest amount being $11,837,000 in 2017 and the highest being $21,623,000 in 2022. This was an increase of over 80% over the period. The largest year-over-year increase in direct premiums earned was also from 2021 to 2022, growing by $3,999,000 or 22.7% (from $17,624,000 to $21,623,000).

Loss Ratios for Aircraft

The loss ratio data for Aircraft insurance in Delaware showcases significant fluctuations and trends over the years.

A striking increase in loss ratios is observed from 49.14% in 2015 to an astounding 531.76% in 2017. This dramatic surge is followed by a sharp decline to 64.51% in 2018. From 2018 to 2019, the loss ratios experienced a moderate increase, reaching 89.03% in 2019.

However, 2020 saw a substantial drop to a low of 10.24%, the lowest value in the dataset. The following year marked a rebound, with the loss ratio climbing to 71.74% in 2021. Most recently, the 2022 data indicates a decline in loss ratios to 24.51%.

Direct and Earned Premiums for Fidelity

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

The lowest amount of direct premiums written was $3,465,000 in 2015. This increased each year, with the highest amount being $6,586,000 in 2022. This represents an increase of over 90% over the 8 year period. Similarly, direct premiums earned also increased each year.

The lowest amount was $3,570,000 in 2015 and the highest was $6,110,000 in 2022, an increase of over 70%. The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $1,064,000 or 19.3% (from $5,522,000 to $6,586,000).

The smallest year-over-year increase was 6.7%, from $3,899,000 in 2017 to $4,145,000 in 2018. For direct premiums earned, the largest increase was also from 2021 to 2022 at 12.3% (from $5,445,000 to $6,110,000). The smallest increase was 3.8%, from $3,629,000 in 2016 to $3,770,000 in 2017.

Loss Ratios for Fidelity

The Fidelity line of business in Delaware presents an interesting data set over the years, showing notable fluctuations in the loss ratio percentage. From 2015 with a meager 4.82%, a significant leap was observed in 2016 to 36.9%, before a dip to 15.12% in 2017. 2018 saw another rise, reaching 41.22%.

However, 2019 marked an unprecedented surge, with the loss ratio skyrocketing to 228.23%. This peak was followed by a sharp decline to 35.37% in 2020, closer to the 2016 figure. The loss ratio in 2021 showed a moderate increase to 45.8%, only to drop again in 2022, standing at 24.22%.

Direct and Earned Premiums for Surety

The data shows that direct premiums written and earned for surety insurance in Delaware fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $21,302,000 in 2015. This increased to $29,478,000 in 2020 before dropping slightly to $26,626,000 in 2021. The highest amount was $31,507,000 in 2022.

Direct premiums earned followed a similar pattern. The lowest amount was $19,372,000 in 2015, increasing steadily to $25,403,000 in 2020. It then rose to $26,452,000 in 2021 and $30,380,000 in 2022. Overall, direct premiums written increased 48% from 2015 to 2022, going from $21,302,000 to $31,507,000.

Direct premiums earned grew 57% over the same period. The largest year-over-year increase for direct premiums written was from 2021 to 2022, when it grew 18.4% from $26,626,000 to $31,507,000. The smallest year-over-year increase was just 1.9% between 2015 and 2016. For direct premiums earned, the biggest jump was 15.6% from 2020 to 2021. It increased from $25,403,000 to $26,452,000. The smallest increase was 0.9% from 2016 to 2017.

Loss Ratios for Surety

The Surety loss ratio data in Delaware provides interesting insights over the years. The loss ratios remained relatively low from 2016 to 2018, with 3.61%, 6.74%, and 12.34% respectively, indicating a gradual increase.

Then, a substantial jump was observed in 2019 to 13.1%, which further escalated to a startling 43.32% in 2020. However, loss data for 2021 is not available. Interestingly, in 2022, the ratio plummeted to a mere 3.11%, the lowest since 2016.

Direct and Earned Premiums for Warranty

The data shows that direct premiums written and direct premiums earned for warranty insurance in Delaware fluctuated between 2015 and 2022.

The lowest amount of direct premiums written was $7,425,000 in 2015. This increased to $11,572,000 in 2016, before jumping significantly to $28,307,000 in 2017. Direct premiums written peaked at $43,443,000 in 2021, before decreasing to $31,323,000 in 2022.

Direct premiums earned followed a similar trajectory, starting at $5,999,000 in 2015 and reaching a high of $30,277,000 in 2021. The largest year-over-year increase for direct premiums written was from 2016 to 2017, when it grew by 144% from $11,572,000 to $28,307,000. The smallest year-over-year increase was just 1% between 2019 ($23,695,000) and 2020 ($21,062,000).

Loss Ratios for Warranty

The Warranty loss ratio data for Delaware displays notable trends and fluctuations between 2015 and 2022. The loss ratios vary considerably, with the lowest point at 26.57% in 2016 and the highest at 128.85% in 2017.

A significant increase in loss ratio is observed from 2016 to 2017, rising from 26.57% to a staggering 128.85%. Following this peak, the data shows a general decline from 2017 to 2021, with 2018 recording a loss ratio of 95.63%, 2019 at 75.04%, 2020 at 65.85%, and 2021 reaching 59.62%. However, there is a slight uptick in 2022, with the loss ratio increasing to 69.06%.