Market Trends

Direct and Earned Premiums for Fire

The data shows that direct premiums written and earned for fire insurance in Idaho increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $30,361,000 in 2015. This increased each year, with the exception of 2017 which saw a slight decrease to $28,691,000 from $31,557,000 in 2016.

The highest amount of direct premiums written was $71,084,000 in 2022, representing an over 130% increase from 2015. The direct premiums earned followed a similar trend, starting at $29,691,000 in 2015 and reaching $62,265,000 in 2022, a 110% increase. The largest year-over-year increase in direct premiums written was from 2019 to 2020, when it grew by $9,659,000 or 21.5% (from $45,015,000 to $54,154,000). The smallest increase was just 2.9% from $31,557,000 in 2016 to $32,451,000 in 2018.

Loss Ratios for Fire

The loss ratio data for Fire Insurance in Idaho demonstrates distinct patterns and shifts across the observed years. The loss ratio in 2015 was relatively low at 33.22%, but saw an increase in 2016 to 51.64%. A notable surge occurred in 2017, with the loss ratio skyrocketing to 122.66%, the highest across all years analyzed.

This peak, however, was short-lived as the loss ratio plummeted to 33.83% in 2018. Another significant increase was observed in 2019, with the loss ratio reaching 91.79%. This was followed by a decrease to 49.66% in 2020. The most recent years, 2021 and 2022, have seen erratic movements in the loss ratio, with a sharp hike to 133.59% in 2021 and a drop to 71.25% in 2022.

Direct and Earned Premiums for Allied Lines

The data shows that direct premiums written and direct premiums earned for allied lines insurance in Idaho fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $24,344,000 in 2017, while the highest was $59,409,000 in 2022.

Direct premiums written increased each year from 2017 to 2022, with the largest year-over-year increase occurring between 2021 and 2022 when direct premiums written grew by $8,188,000 or 16%. Direct premiums earned followed a similar pattern to direct premiums written over the period, ranging from a low of $24,730,000 in 2017 to a high of $53,629,000 in 2022.

The biggest year-over-year jump in direct premiums earned was between 2020 and 2021, increasing by $7,115,000 or 17.4% (from $40,845,000 to $47,960,000).

Loss Ratios for Allied Lines

The loss ratio data for Allied Lines in Idaho demonstrates noticeable fluctuations over the years. The loss ratios vary considerably, with the lowest value at 30.79% in 2015 and the highest at 184.54% in 2017.

From 2017 to 2018, the loss ratio decreased sharply to 86.49%, followed by a decline to 52.28% in 2019 and a slight increase to 53.11% in 2020. These changes imply potential adjustments in risk management or underwriting strategies after the 2017 anomaly. In 2021, the loss ratio dipped to 38.91%. However, in 2022, the loss ratio surged to 126.12%, showing another significant increase. 

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 Idaho increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $58,257,000 in 2015. The highest was $151,327,000 in 2022. This represents an increase of over 160% 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 $31,568,000 or 26.4% (from $119,759,000 to $151,327,000). The smallest year-over-year increase was 8.5%, from $59,805,000 in 2017 to $64,276,000 in 2016.

The direct premiums earned followed a similar upward trend over the period, with the lowest amount being $60,106,000 in 2015 and the highest being $144,826,000 in 2022. This was an increase of over 140% over the 8 years. The largest year-over-year increase in direct premiums earned was from 2021 to 2022 at 34.8% (from $107,496,000 to $144,826,000). The smallest was 3.7%, from $65,393,000 in 2018 to $67,459,000 in 2019.

Loss Ratios for Multi-Peril Crop

The Federal Multi-Peril Crop loss ratio data from Idaho displays significant fluctuations over the years. The loss ratios reached a peak of 160.58% in 2021. This sharply contrasts with the lowest loss ratio of 43.41% in 2016, hinting at a robust year for underwriting.

Noteworthy is the dramatic oscillation between 2017's high of 129.06% and a decline to 46.92% in 2018. The data also reveals a gradual increase from 46.92% in 2018 to 95.0% in 2022, albeit with a considerable spike in 2021. However, the loss ratio dropped to 95.0% in 2022.

Direct and Earned Premiums for Federal Flood

The data shows that direct premiums written and direct premiums earned for federal flood insurance in Idaho fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $3,321,000 in 2022, while the highest was $4,151,000 in 2017. This represents a 25% increase from the lowest to the highest amount over the 8 year period.

Direct premiums written increased from $3,361,000 in 2015 to a peak of $4,151,000 in 2017, before decreasing to $3,321,000 in 2022. The largest year-over-year increase was from 2016 to 2017, when direct premiums written grew by $811,000 or 21% (from $3,430,000 to $4,151,000). The largest year-over-year decrease was from 2017 to 2018, when direct premiums written declined by $773,000 or 19% (from $4,151,000 to $3,382,000).

Direct premiums earned followed a similar pattern, ranging from a low of $3,406,000 in 2016 to a high of $3,924,000 in 2017. The largest year-over-year increase in direct premiums earned was from 2016 to 2017, growing by $518,000 or 15% (from $3,406,000 to $3,924,000).

Loss Ratios for Federal Flood

The Federal Flood loss ratio data for Idaho exhibits substantial fluctuations across the years. In 2017, there is a remarkable spike with a loss ratio of 81.83%, significantly higher than the surrounding years. This increase appears to be an outlier compared to the consistently low loss ratios in other years, such as 2.67% in 2015, 0.41% in 2016, and 4.93% in 2019.

The data also shows a decline in the loss ratio from 2018 (8.48%) to 2021 (0.19%). However, the absence of data for 2020 and 2022 makes it difficult to assess the overall trend and stability of the Federal Flood loss ratios in Idaho during these years.

Direct and Earned Premiums for Private Crop

The data shows that direct premiums written and direct premiums earned for private crop insurance in Idaho fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $12,667,000 in 2020. The highest amount was $15,446,000 in 2022. Direct premiums written decreased from $15,360,000 in 2015 to $12,667,000 in 2020, representing a 17.5% decrease over that period. However, direct premiums written then increased to $15,446,000 in 2022, marking a 22% increase from 2020 to 2022.

Direct premiums earned followed a similar pattern to direct premiums written over the 2015 to 2022 period. The lowest amount of direct premiums earned was $12,671,000 in 2020, while the highest was $15,453,000 in 2022. The largest year-over-year decrease for direct premiums written was from 2017 to 2018, when it declined by $1,598,000 or 12.3% (from $13,013,000 to $12,415,000). The largest increase was from 2020 to 2021, when direct premiums written grew by $2,227,000 or 17.6% (from $12,667,000 to $12,894,000).

Loss Ratios for Private Crop

The loss ratio data for Private Crop insurance in Idaho presents notable trends and fluctuations between 2015 and 2022. The loss ratios demonstrate considerable variability, with the lowest value of 15.2% in 2017 and the highest of 93.5% in 2015. The initial high loss ratio in 2015 was followed by a significant decline in 2016 to 39.72%.

Subsequent years saw an alternating pattern, with 2017's low of 15.2% followed by a rise to 48.46% in 2018 and a peak of 74.97% in 2019. The loss ratio then decreased in 2020 to 61.48% before dropping further to 35.66% in 2021. However, 2022 exhibited a substantial increase, reaching 85.11%.

Direct and Earned Premiums for Private Flood

The data shows that direct premiums written and earned for private flood insurance in Idaho increased steadily from 2016 to 2022. The lowest amount of direct premiums written was $843,000 in 2016. This increased each year, with the highest amount being $3,430,000 in 2022.

This represents an increase of over 300% over the 7 year period. Similarly, the lowest amount of direct premiums earned was $450,000 in 2016. This also increased each year, with the highest amount being $3,161,000 in 2022. This represents an increase of over 600% over the 7 year period.

The largest year-over-year increase in direct premiums written was from 2020 to 2021, when it grew by $240,000 or 9.4% (from $2,564,000 to $2,804,000). The smallest year-over-year increase was 6.8%, from $1,686,000 in 2018 to $1,741,000 in 2019.

For direct premiums earned, the largest increase was also from 2020 to 2021, when it grew by $239,000 or 11.1% (from $2,151,000 to $2,690,000). The smallest increase was 4.9%, from $1,114,000 in 2017 to $1,544,000 in 2018.

Loss Ratios for Private Flood

The Private Flood insurance sector in Idaho demonstrated significant volatility in loss ratio percentages over the years. In 2016, a notably low loss ratio of 1.75% was recorded, which escalated dramatically to 30.3% in 2017, indicating an increase in claims or a decrease in premiums.

This uptrend continued in 2018, with the highest loss ratio of 35.96%. However, 2019 witnessed a substantial drop to 11.06%, implying a better risk management or decreased claims. 2020's data is unavailable. In 2021, the loss ratio was at a relatively low of 5.72%. Interestingly, 2022 saw an increase to 17.34%.

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 Idaho increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $57,224,000 in 2015. This increased each year, reaching a high of $84,801,000 in 2022 - an increase of 48% over the 8 year period.

Similarly, direct premiums earned grew from $57,523,000 in 2015 to $80,397,000 in 2022, a 40% increase. The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $9,229,000 or 12%. The smallest increase was just 2% between 2016 and 2017. For direct premiums earned, the biggest jump was also between 2021 and 2022, increasing by $6,731,000 or 9%. The smallest increase was 1% from 2019 to 2020.

Loss Ratios for Farmowners Multiple Peril

The loss ratio data for Farmowners Multiple Peril in Idaho from 2015 to 2022 reveals notable fluctuations. In 2015, the loss ratio was relatively high at 67.5%, which then decreased in 2016 to 50.43%. A dramatic surge was observed in 2017, with the loss ratio reaching a peak of 101.7%.

In 2018, the ratio dropped to 60.4%, followed by a slight decrease to 53.4% in 2019. Subsequent years, 2020 and 2021, saw an increase in loss ratios to 70.41% and 74.49%, respectively. However, 2022 marked a decrease to a more moderate 59.4%.

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 Idaho increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $315,632,000 in 2015.

This increased each year, with the highest amount being $595,645,000 in 2022. This represents an increase of 88.7% over the 8 year period. Similarly, direct premiums earned also grew each year, starting at $306,409,000 in 2015 and reaching $554,263,000 in 2022. This is an increase of 81.0% over the period.

The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $128,909,000 or 25.0% (from $516,536,000 to $595,645,000). The smallest increase was 6.1% from 2016 to 2017 ($334,690,000 to $354,279,000). For direct premiums earned, the biggest jump was 24.2% from 2021 to 2022 ($482,193,000 to $554,263,000) and the smallest was 5.8% from 2018 to 2019.

Loss Ratios for Homeowners Multiple Peril

The Homeowners Multiple Peril loss ratio data for Idaho exhibits notable fluctuations and trends from 2015 to 2022. The loss ratios range from a low of 52.38% in 2016 to a peak of 98.26% in 2018, reflecting significant variability within this time frame. The drastic increase from 74.87% in 2017 to 98.26% in 2018 warrants attention.

Following the spike in 2018, the loss ratios decreased to 58.26% in 2019 and slightly increased to 62.51% in 2020. The years 2021 and 2022 show an upward trend, with loss ratios of 72.18% and 69.17%, respectively. Although these figures are relatively high compared to 2016's low point, they remain below the 2018 peak.

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 Idaho increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $195,885,000 in 2015. By 2022, this had increased to $318,134,000, representing growth of 62.4% over the 8 year period.

Direct premiums earned followed a similar trajectory, growing from $192,831,000 in 2015 to $300,066,000 in 2022, an increase of 55.6%. 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 $41,802,000 or 15.1% (from $276,332,000 to $318,134,000). The smallest year-over-year increase was 2.8%, from $195,885,000 in 2015 to $201,421,000 in 2016. For direct premiums earned, the biggest jump was also from 2021 to 2022, increasing by $35,578,000 or 13.5% (from $264,488,000 to $300,066,000). The smallest increase was 2.3% from $209,689,000 in 2017 to $214,064,000 in 2018.

Loss Ratios for Commercial Multiple Peril

The loss ratio data for Commercial Multiple Peril in Idaho presents several noteworthy trends and fluctuations over the years. A striking peak is observed in 2017, with a loss ratio of 93.68%, significantly higher than the surrounding years. From 2018 to 2019, there is a considerable decline in the loss ratio, dropping from 66.79% to 44.42%.

However, the loss ratio increased again in 2020, reaching 73.74%, before reducing to 42.57% in 2021. Recent years, 2021 and 2022, show relatively consistent loss ratios of 42.57% and 53.41%, respectively.

Direct and Earned Premiums for Mortgage Guaranty

The data shows that direct premiums written and direct premiums earned for mortgage guaranty insurance in Idaho fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $30,420,000 in 2015.

This steadily increased each year, reaching a peak of $44,013,000 in 2019, before declining again to $36,159,000 in 2022. Direct premiums earned followed a similar pattern, starting at $29,922,000 in 2015, peaking at $44,787,000 in 2019, and ending at $36,769,000 in 2022.

The largest year-over-year increase in direct premiums written was from 2018 to 2019, when it grew by $5,544,000 or 13.4% (from $41,469,000 to $44,013,000). The largest decline was from 2020 to 2021, when direct premiums written fell by $10,751,000 or 25.1% (from $42,868,000 to $38,117,000). 

Loss Ratios for Mortgage Guaranty

The loss ratio data for Mortgage Guaranty in Idaho presents stimulating fluctuations over a seven-year period. In 2015, the loss ratio stood at 18.78%, followed by a sharp decline to 6.72% in 2016 and further dropping to 2.25% in 2017. However, post-2017, the data becomes unclear due to unspecified values until 2020. In 2020, there was a significant increase in the loss ratio to 19.93%.

Direct and Earned Premiums for Ocean Marine

The data shows that direct premiums written and direct premiums earned for ocean marine insurance in Idaho fluctuated between 2015 and 2022.

The lowest amount of direct premiums written was $5,071,000 in 2015. This increased to $6,012,000 in 2016 before dropping slightly to $5,455,000 in 2017. Direct premiums written then increased steadily each year from 2018 to 2022. The highest amount was $15,468,000 in 2022, which represents an increase of over 200% from the 2015 low.

Direct premiums earned followed a similar pattern to direct premiums written, but lagged behind somewhat. The lowest amount was $4,835,000 in 2015, while the highest was $14,690,000 in 2022 - a 204% increase. The largest year-over-year increase in direct premiums written was from 2019 to 2020, when it grew by $1,292,000 or 12.1% (from $10,635,000 to $11,927,000). The smallest year-over-year increase was just 1.8%, from $5,455,000 in 2017 to $5,544,000 in 2018.

Loss Ratios for Ocean Marine

The Ocean Marine loss ratio data for Idaho reveals dramatic shifts over the years. In 2015, the loss ratio was at a low of 29.34%, gradually climbing to 45.36% by 2017. The year 2018, however, saw an enormous surge to 494.82%.

This peak was followed by a drop to 68.16% in 2019, and a further increase to 81.67% in 2020, indicating continued instability in the loss ratios. By 2021, the loss ratio had reduced to 31.16%, nearly mirroring the 2015 figure, before rising modestly to 45.99% 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 Idaho increased substantially from 2015 to 2022.

The lowest amount of direct premiums written was $101,675,000 in 2015. This steadily increased each year, with the highest amount being $177,391,000 in 2022. This represents an overall increase of 74.5% over the 8 year period. Direct premiums earned followed a similar trajectory, growing from $100,849,000 in 2015 to $166,966,000 in 2022, an increase of 65.6%.

The largest year-over-year increase for direct premiums written was from 2020 to 2021, when it grew by $27,566,000 or 22.9% (from $120,551,000 to $148,121,000). The smallest year-over-year increase was just 2.8%, from $95,450,000 in 2017 to $98,050,000 in 2018.

Loss Ratios for Inland Marine

The loss ratio data for Inland Marine insurance in Idaho showcases a notable fluctuation over the observed years. The loss ratios ranged from a minimum of 35.34% in 2022 to a maximum of 63.16% in 2016. This peak in 2016 distinguishes itself as an outlier, prompting further exploration.

The loss ratio then dropped to 41.8% in 2018. The years 2019 and 2020 saw a resurgence in the loss ratio, with figures of 50.28% and 53.23% respectively. However, the trend reversed again in 2021 and 2022, with loss ratios decreasing to 42.71% and 35.34% respectively.

Direct and Earned Premiums for Financial Guaranty

The data shows that direct premiums written and direct premiums earned for financial guaranty insurance in Idaho fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $0 in 2016 and 2018. The highest amount was $136,000 in 2021.

Direct premiums earned ranged from a low of $77,000 in 2022 to a high of $2,816,000 in 2018. Looking specifically at direct premiums written, there was a large decrease from $130,000 in 2015 down to $0 in 2016. Premiums written then increased to $46,000 in 2017 before dropping back to $0 in 2018. 2019 and 2020 saw small increases to $42,000 in 2020. The largest year-over-year increase was between 2020 and 2021, when premiums written grew from $42,000 to $136,000, representing over a 200% increase.

For direct premiums earned, the pattern differed. The highest amount earned was in 2018 at $2,816,000, while the lowest was $77,000 in 2022. There was a large drop from $2,057,000 earned in 2015 down to $909,000 in 2016.

Loss Ratios for Commercial Financial Guaranty

The Financial Guaranty loss ratio data in Idaho 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 Idaho increased overall from 2015 to 2022. The lowest amount of direct premiums written was $30,210,000 in 2015. This steadily increased each year, with the exception of a small dip from $31,499,000 in 2017 to $31,032,000 in 2018.

The highest direct premiums written was $42,352,000 in 2022, representing an increase of over 40% from 2015. Similarly, the lowest direct premiums earned was $30,006,000 in 2015, increasing each year except for a drop from $31,517,000 in 2016 to $30,811,000 in 2017. The highest direct premiums earned was $40,659,000 in 2022, representing an increase of over 35% from 2015.

The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $4,356,000 or 11.5% (from $37,996,000 to $42,352,000). The smallest year-over-year increase was just 1.6%, from $31,032,000 in 2018 to $31,496,000 in 2019.

Loss Ratios for Medical Professional Liability

The loss ratio data for Medical Professional Liability in Idaho presents interesting trends over the years. In 2015, the loss ratio was relatively low at 19.02%, but saw a substantial increase to 48.28% in 2016. This trend continued, with some fluctuations, reaching a peak of 51.89% in 2018.

However, in 2019, there was a considerable drop to 35.9%. The year 2020 saw the loss ratio rebound to 46.42%, followed by a dramatic spike to 73.12% in 2021. Yet, the loss ratio decreased to 43.3% in 2022.

Direct and Earned Premiums for Earthquake

The data shows that direct premiums written and direct premiums earned for earthquake insurance in Idaho fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $3,597,000 in 2015. This increased to $3,818,000 in 2016 before dropping slightly to $3,567,000 in 2017.

Direct premiums written then increased steadily from $3,628,000 in 2018 to $10,239,000 in 2022. This represents an increase of over 185% from 2015 to 2022. Direct premiums earned followed a similar pattern, starting at $3,610,000 in 2015, dropping to $3,608,000 in 2016, then increasing each year to $9,196,000 in 2022. This is an increase of over 150% over the 8 year period.

The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $1,285,000 or 14.2% (from $9,054,000 to $10,239,000). The smallest year-over-year increase was just 1.9%, from $3,628,000 in 2018 to $3,697,000 in 2019.

Loss Ratios for Earthquake

The Earthquake line of business in Idaho exhibits intriguing trends in loss ratio percentages over the years. In 2017, the loss ratio was at a low of 2.73%, which then decreased further to 1.02% in 2018 and bottomed out at 0.15% in 2019.

However, there was a significant increase in 2020, with the loss ratio jumping to 6.31%. The data for 2022 shows a loss ratio of 4.34%, indicating some level of stabilization following the 2020 spike. Please note that the data for 2015, 2016 and 2021 are not available, limiting a comprehensive trend analysis.

Direct and Earned Premiums for Workers Compensation

The data shows that direct premiums written and direct premiums earned for earthquake insurance in Idaho fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $3,597,000 in 2015. This increased to $3,818,000 in 2016 before dropping slightly to $3,567,000 in 2017.

Direct premiums written then increased steadily from $3,628,000 in 2018 to $10,239,000 in 2022. This represents an increase of over 185% from 2015 to 2022. Direct premiums earned followed a similar pattern, starting at $3,610,000 in 2015, dropping to $3,608,000 in 2016, then increasing each year to $9,196,000 in 2022.

This is an increase of over 150% over the 8 year period. The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $1,285,000 or 14.2% (from $9,054,000 to $10,239,000). The smallest year-over-year increase was just 1.9%, from $3,628,000 in 2018 to $3,697,000 in 2019.

Loss Ratios for Workers Compensation

The loss ratio data for Workers Compensation in Idaho presents interesting patterns from 2015 to 2022. The loss ratios fluctuate considerably, with a peak of 72.97% in 2019 and a low point of 52.79% in 2022.

Between 2015 and 2018, the loss ratio shows a gradual decline from 72.47% to 60.9%. The subsequent year, 2020, sees a decrease to 63.69%. The loss ratios for 2021 and 2022, though, depict a more consistent picture with 67.6% and 52.79% respectively.

Direct and Earned Premiums for Product Liability

The data shows that direct premiums written and direct premiums earned for products liability insurance in Idaho increased substantially from 2015 to 2022. The lowest amount of direct premiums written was $12,906,000 in 2015.

By 2022, this had increased to $24,805,000, representing a growth of over 90% in just 7 years. Direct premiums earned followed a similar upward trajectory, growing from $12,427,000 in 2015 to $23,396,000 in 2022 - an increase of 88%.

Looking year-over-year, the largest single increase in direct premiums written was from 2020 to 2021, when it jumped by $5,070,000 or 30.2% (from $16,817,000 to $21,887,000). The smallest year-over-year increase was just 1.8% between 2016 and 2017 ($1,296,000 to $1,282,600).

Loss Ratios for Product Liability

The Products Liability loss ratio data for Idaho exhibits interesting trends and fluctuations between 2015 and 2022. In 2016, the state experienced a peak loss ratio of 63.36%, followed by a sharp decline to 37.47% in 2017. From 2018 to 2020, the loss ratios remained relatively stable, with a slight increase in 2019 to 50.2% before dropping back down to 45.56% in 2020.

In 2021 and 2022, the loss ratios further decreased to 24.55% and 24.73%, respectively, marking the lowest values in the dataset. The overall trend showcases a general decrease in loss ratios, with a few fluctuations, most notably the drop between 2016 and 2017 and the stability from 2018 to 2020.

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 Idaho increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $786,738,000 in 2015. The highest amount was $1,342,618,000 in 2022. This represents an increase of over 70% 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 $85,598,000 or 6.8% (from $1,256,380,000 to $1,342,618,000). The smallest year-over-year increase was 4.5%, from $948,920,000 in 2017 to $986,636,000 in 2018.

The trends were similar for direct premiums earned. The lowest amount was $766,753,000 in 2015 and the highest was $1,304,743,000 in 2022, an increase of over 70%. The largest year-over-year increase was 6.4% between 2021 and 2022 (from $1,225,388,000 to $1,304,743,000). The smallest was 4.6% between 2018 and 2019.

Loss Ratios for Private Passenger Auto

The loss ratio data for Private Passenger Auto Total in Idaho demonstrates notable trends over the years. A consistent decrease in the loss ratios is observed from 2015 to 2020, with values ranging from 64.21% in 2015 to a low of 54.35% in 2020.

However, the data for 2021 and 2022 show a reversal of this trend, with loss ratios increasing to 59.69% and 69.25%, respectively. The 2022 value represents the highest loss ratio during the examined period, surpassing the 2016 figure of 66.89%.

Direct and Earned Premiums for Commercial Auto

The data shows that direct premiums written and direct premiums earned for commercial auto insurance in Idaho increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $153,377,000 in 2015.

This increased each year, reaching $313,655,000 in 2022 - more than double the 2015 amount. Direct premiums earned followed a similar trajectory, growing from $148,516,000 in 2015 to $299,455,000 in 2022. This represents an increase of over 100% in the direct premiums earned over the 8 year period.

The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $38,124,000 or 13.6% (from $279,531,000 to $313,655,000). The smallest year-over-year increase was 6.9%, from $164,228,000 in 2016 to $176,309,000 in 2017.

Loss Ratios for Commercial Auto

The Commercial Auto Total loss ratio data for Idaho shows interesting trends over the years. The loss ratio in 2015 was relatively high at 65.15%, but it dropped to 49.42% in 2016, marking the lowest point within this period. The years 2017, 2018, and 2019 saw an increase in loss ratios with 64.14%, 62.5%, and 61.49%, respectively. However, a gradual decline is observed in 2020 with a loss ratio of 54.85%.

This downward trend was short-lived as the ratios began to rise again in 2021, reaching 57.98%, and showing a slight increase in 2022 at 58.16%. The data suggests a pattern of fluctuation without a clear trend of consistent increase or decrease. The years 2021 and 2022, however, show a potential beginning of stability in the loss ratios, albeit at a higher level than earlier years.

Direct and Earned Premiums for Aircraft

The data shows that direct premiums written and earned for aircraft insurance in Idaho fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $11,385,000 in 2016, while the highest was $23,884,000 in 2022. This represents an increase of over 100% from the low in 2016 to the high in 2022.

Direct premiums written decreased from $12,689,000 in 2015 to $11,385,000 in 2016, before increasing again in 2017 to $11,488,000. There was steady growth from 2017 to 2019, when direct premiums reached $15,287,000. The largest year-over-year increase was from 2019 to 2020, when direct premiums jumped 27% from $15,287,000 to $19,499,000. Direct premiums continued to climb rapidly in 2021 ($23,500,000) and 2022 ($23,884,000).

The pattern for direct premiums earned is similar, starting at $13,052,000 in 2015, dropping to $10,887,000 in 2016, and then increasing each year to $23,694,000 in 2022. This represents an overall increase of 82% from 2015 to 2022. The largest year-over-year increase was also from 2019 to 2020, when direct premiums earned grew 30% from $13,532,000 to $17,595,000.

Loss Ratios for Aircraft

The loss ratio data for Aircraft insurance in Idaho displays considerable fluctuations over the observed years. The data shows a stark increase in 2017 reaching 80.51%, followed by a moderate decrease to 43.82% in 2018. A dramatic escalation is noticeable in 2019, with the loss ratio soaring to an unprecedented 162.85%.

This is followed by a significant decrease in 2020 to 56.01%. In 2021, the loss ratio reached its lowest point at 22.71%, suggesting a favorable year for the line of business. But in the following year, 2022, the loss ratio spiked again to 89.1%.

Direct and Earned Premiums for Fidelity

The data shows that direct premiums written and direct premiums earned for fidelity insurance in Idaho fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $2,824,000 in 2015.

This increased to $3,099,000 in 2016 before dropping slightly to $2,940,000 in 2017. Direct premiums written then increased each year from 2018 to 2022. The highest amount was $3,890,000 in 2022, representing an increase of nearly 38% from 2015. Direct premiums earned followed a similar pattern, starting at $2,845,000 in 2015 and reaching $3,608,000 in 2022, a 27% increase.

The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $665,000 or 17.9% (from $3,725,000 to $3,890,000). The smallest year-over-year increase was just 2.9%, from $3,099,000 in 2016 to $3,194,000 in 2017.

Loss Ratios for Fidelity

The Fidelity loss ratio data for Idaho showcases notable trends over the years. The loss ratio took a nosedive from 57.68% in 2016 to 35.92% in 2017, indicating a substantial reduction in losses compared to earned premiums. This trend continued into 2018 with a slight decrease to 33.85%.

However, a dramatic upsurge occurred in 2019, bringing the loss ratio to 50.12%. In 2020, there was a record low of 4.31%. The following year, 2021, saw a significant rebound to 40.25%, then a slight decline to 34.51% in 2022.

Direct and Earned Premiums for Surety

The data shows that direct premiums written and direct premiums earned for surety insurance in Idaho fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $19,917,000 in 2016. The highest was $34,683,000 in 2022. Direct premiums written increased overall during the period, with the largest year-over-year increase occurring between 2021 and 2022, when it grew by $8,166,000 or 30.8% (from $26,517,000 to $34,683,000).

Direct premiums earned followed a similar trend, ranging from a low of $20,073,000 in 2015 to a high of $30,089,000 in 2022. The largest year-over-year increase for direct premiums earned was also between 2021 and 2022, growing by $4,641,000 or 18.2% (from $25,448,000 to $30,089,000).

Loss Ratios for Surety

The loss ratio data for Surety in Idaho demonstrates notable trends and variations over the given years. The loss ratios exhibit a general decrease from 2015 to 2019, with a low of 1.91% in 2017 and a high of 4.98% in 2015.

However, from 2019 to 2021, there is a noticeable increase in the loss ratio, reaching 6.57% in 2021. In 2022, the loss ratio decreases to 4.38%. Throughout the years, the loss ratios for Surety in Idaho have remained relatively low, with the majority of the values falling below 5%.

Direct and Earned Premiums for Warranty

The data shows that direct premiums written and direct premiums earned for warranty insurance in Idaho fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $1,687,000 in 2020. The highest was $6,447,000 in 2018.

Direct premiums earned ranged from a low of $3,224,000 in 2020 to a high of $4,251,000 in 2019. Looking at year-over-year changes, the largest increase in direct premiums written was from 2020 to 2021, when it grew by $735,000 or 43.6% (from $1,687,000 to $2,422,000). The largest decrease was from 2018 to 2019, dropping by $1,134,000 or 17.6% (from $6,447,000 to $5,313,000).

For direct premiums earned, the biggest year-over-year increase was from 2015 to 2016, rising by $566,000 or 18.6% (from $3,035,000 to $3,601,000). The largest decrease was from 2018 to 2019, dropping by $726,000 or 17.4% (from $4,177,000 to $4,251,000).

Loss Ratios for Warranty

The Warranty loss ratio in Idaho presents intriguing variations within the eight-year span. The ratio started at 47.23% in 2015, dropping to 42.48% in 2016. A significant dip to 29.73% was observed in 2017, followed by an increase to 41.64% in 2018 and 45.71% in 2019. 2020 saw a reduction to 37.83%, but the ratio rebounded to 47.12% in 2021. A notable surge occurred in 2022, with the loss ratio reaching 64.0%, the highest value in the observed period.