Market Trends

Direct and Earned Premiums for Fire

The data shows that direct premiums written and earned for fire insurance in Iowa fluctuated between 2015 and 2019. The lowest amount of direct premiums written was $107,291,000 in 2015. This increased to $115,275,000 in 2016 before dropping to $111,197,000 in 2017. It then increased again to $112,943,000 in 2018 and reached its peak of $125,936,000 in 2019.

Direct premiums earned followed a similar pattern. The lowest amount was $107,263,000 in 2015. This rose to $115,635,000 in 2016, dropped to $110,486,000 in 2017, increased to $109,456,000 in 2018, and reached its highest point of $119,039,000 in 2019. The largest year-over-year increase in direct premiums written was from 2018 to 2019, when it grew by $13,993,000 or 12.4% (from $112,943,000 to $125,936,000).

The largest drop was from 2016 to 2017, when direct premiums written decreased by $4,078,000 or 3.5% (from $115,275,000 to $111,197,000). 

Loss Ratios for Fire

The Fire insurance loss ratio in Iowa has seen significant shifts between 2015 and 2019. Initially, the ratio decreased from 46.5% in 2015 to 38.73% in 2016. However, a notable surge was observed in 2017, with the ratio climbing to 60.88%. This upward trend continued into 2018, albeit at a slightly lower 59.53%.

Interestingly, 2019 saw a sharp decline to 35.41%, the lowest figure across the five-year period. The data exhibits substantial variability, with the highest swing in loss ratio percentage being a 22.15% increase from 2016 to 2017.

Direct and Earned Premiums for Allied Lines

The data shows that direct premiums written and earned for allied lines insurance in Iowa fluctuated between 2015 and 2019. The lowest amount of direct premiums written was $111,977,000 in 2016. The highest was $145,505,000 in 2019. This represents an increase of over 30% from 2016 to 2019.

Direct premiums written increased each year from 2016 to 2019. The largest year-over-year increase was from 2018 to 2019, when direct premiums written grew by $20,401,000 or 16.9% (from $121,004,000 to $145,505,000). The smallest increase was 1.8%, from $117,043,000 in 2017 to $119,656,000 in 2018.

Direct premiums earned followed a similar pattern but lagged behind the direct premiums written. The lowest amount was $113,599,000 in 2016 and the highest was $137,054,000 in 2019. This was an increase of over 20% between those years. The largest year-over-year increase in direct premiums earned was from 2018 to 2019 at 15.5% (from $118,656,000 to $137,054,000). The smallest was 2.7% between 2016 and 2017. 

Loss Ratios for Allied Lines

The loss ratio data for Allied Lines in Iowa demonstrates significant fluctuations over the observed years. The ratio remains relatively low in 2015 and 2016, at 25.04% and 30.88% respectively, before experiencing a drastic surge in 2017 to 110.42%.

This upward trend continues into 2018, where the loss ratio reaches an unprecedented peak of 452.04%. Interestingly, the data registers a dramatic decline in 2019, with the loss ratio plummeting to 25.32%, comparable to the levels observed in 2015. 

Direct and Earned Premiums for Multi-Peril Crop

The data shows that direct premiums written and earned for Federal Multi-Peril Crop insurance in Iowa fluctuated from 2015 to 2019. The lowest amount of direct premiums written was $589,209,000 in 2016. The highest was $714,656,000 in 2015. Direct premiums written decreased from 2015 to 2016 by 17.5%, before increasing again in 2017 by 16.8% and then decreasing slightly in 2018 and 2019.

Direct premiums earned followed a similar pattern. The lowest amount was $539,481,000 in 2016 and the highest was $729,441,000 in 2015. This represents a decrease of 26.1% from 2015 to 2016. Direct premiums earned then increased by 28.2% from 2016 to 2017 before decreasing slightly in 2018 and 2019. The largest year-over-year decrease for both direct premiums written and earned was from 2015 to 2016. The largest increase was from 2016 to 2017 for direct premiums written and from 2016 to 2017 for direct premiums earned. 

Loss Ratios for Multi-Peril Crop

The loss ratio data for Federal Multi-Peril Crop in Iowa over the years showcases interesting patterns. A high loss ratio of 57.59% in 2015 was followed by a significant reduction to 19.78% in 2016. However, the ratio increased moderately to 26.85% in 2017. Another noticeable trend is the sharp rise to 45.93% in 2018 followed by a slight dip to 42.88% in 2019. 

Direct and Earned Premiums for Federal Flood

The data shows trends in direct premiums written and earned for federal flood insurance in Iowa from 2015 to 2019. The direct premiums written ranged from a low of $10,124,000 in 2015 to a high of $10,927,000 in 2019. Overall, there was an increase of 8.0% in direct premiums written over the 5 year period. The direct premiums earned followed a similar trend, starting at $10,512,000 in 2015 and reaching $10,626,000 in 2019. This represents a 1.1% increase over the period.

Looking year-over-year, the largest increase in direct premiums written was from 2018 to 2019, when premiums grew by 7.8% from $10,137,000 to $10,927,000. The smallest increase was just 0.8% between 2016 and 2017. For direct premiums earned, the biggest jump was 6.4% from 2015 to 2016, going from $10,512,000 to $10,368,000. The smallest increase was 0.4% between 2017 and 2018. 

Loss Ratios for Federal Flood

The loss ratio data for Federal Flood in Iowa reveals striking variations over the years. The loss ratio in 2015 was recorded at 24.24%, however, there was a dramatic surge in 2016 to 90.63%. This substantial increase was followed by a sharp fall to 15.12% in 2017. In 2018, the loss ratio further escalated, surpassing the previous peak to reach 101.52%. The most notable year, however, is 2019 where the loss ratio skyrocketed to an astonishing 222.83%.

Direct and Earned Premiums for Private Crop

The data shows that direct premiums written and direct premiums earned for private crop insurance in Iowa fluctuated between 2015 and 2019. The lowest amount of direct premiums written was $117,767,000 in 2018. The highest amount was $127,149,000 in 2019. Direct premiums written decreased from $125,599,000 in 2015 to $122,570,000 in 2017, before dropping more sharply to $117,767,000 in 2018. It then increased significantly to $127,149,000 in 2019.

Direct premiums earned followed a similar pattern. The lowest amount was $119,418,000 in 2018 and the highest was $127,191,000 in 2019. Direct premiums earned decreased from $125,620,000 in 2015 to $121,907,000 in 2017, before dropping to $119,418,000 in 2018. It then rose to $127,191,000 in 2019.

The largest year-over-year decrease for direct premiums written was from 2017 to 2018, when it declined by $4,803,000 or 3.9% (from $122,570,000 to $117,767,000). The largest increase was from 2018 to 2019, when direct premiums written grew by $9,382,000 or 8.0% (from $117,767,000 to $127,149,000).

Loss Ratios for Private Crop

The loss ratio data for Private Crop in Iowa shows considerable variability across the five-year span. The highest loss ratio occurred in 2018, at a staggering 97.6%, suggesting a challenging year for insurers with almost break-even point. In contrast, the lowest loss ratio was reported in 2017 at 49.76%, indicating a potentially favorable year for insurers.

The years 2019 and 2016 show comparable ratios at 63.95% and 56.9%, respectively, suggesting some level of consistency in these years. However, the decline from 78.89% in 2015 to 49.76% in 2017, followed by a sharp increase in 2018, and then a decrease again in 2019.

Direct and Earned Premiums for Private Flood

The data shows that direct premiums written and earned for private flood insurance in Iowa fluctuated between 2016 and 2019. The lowest amount of direct premiums written was $3,149,000 in 2019, down 73% from $11,762,000 in 2018.

Direct premiums earned followed a similar pattern, with the lowest amount of $2,755,000 in 2019, down 67% from $8,376,000 in 2018. Looking at the data year-by-year: - From 2016 to 2017, direct premiums written increased by 18% from $6,739,000 to $7,973,000. Direct premiums earned jumped 143% from $3,280,000 to $7,974,000 over the same period. - From 2017 to 2018, direct premiums written increased by 16% to $9,262,000.

Direct premiums earned grew 5% to $8,376,000. - Then from 2018 to 2019, direct premiums written and earned dropped sharply, by 73% and 67% respectively. The data shows substantial volatility in Iowa's private flood insurance market over the 4 years. After steady growth from 2016-2018, there was a significant contraction in 2019 across both premiums measures.

Loss Ratios for Private Flood

The Loss Ratio Percentage for Private Flood in Iowa shows marked variations from 2016 to 2019. The initial ratio was minimal at 1.67% in 2016; however, it showed a modest increase to 4.0% in 2017. A significant surge is observed in 2018, with the ratio jumping to 33.82%. The most dramatic escalation occurred in 2019, with the ratio skyrocketing to 121.23%, a figure that vastly surpasses the preceding years. 

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 Iowa increased steadily from 2015 to 2019. The lowest amount of direct premiums written was $194,132,000 in 2015. The highest amount was $228,552,000 in 2019. This represents an increase of over 17% over the 5 year period. The direct premiums written increased each year from 2015 to 2019.

The largest year-over-year increase in direct premiums written was from 2017 to 2018, when it grew by $3,855,000 or 1.8% (from $212,753,000 to $221,208,000). The smallest year-over-year increase was 1.3%, from $203,944,000 in 2016 to $212,753,000 in 2017.

Similarly, direct premiums earned also increased each year from 2015 to 2019. The largest year-over-year increase in direct premiums earned was from 2017 to 2018, when it grew by $3,468,000 or 1.7% (from $208,688,000 to $217,156,000). The smallest increase was 1.2%, from $199,245,000 in 2016 to $208,688,000 in 2017.

Loss Ratios for Farmowners Multiple Peril

The loss ratio data for Farmowners Multiple Peril in Iowa shows interesting patterns. In 2015 and 2016, the loss ratios remain relatively stable at 44.39% and 41.64% respectively. A significant jump is seen in 2017, with the loss ratio reaching a high of 90.94%, indicating a major increase in claims or reduction in premium income for that year. This is followed by a substantial decrease to 57.18% in 2018 and in 2019, a further reduction to 51.03%.

Direct and Earned Premiums for Homeowners Multiple Peril

The data shows that direct premiums written and earned for homeowners multiple peril insurance in Iowa increased steadily from 2015 to 2019. The lowest amount of direct premiums written was $731,293,000 in 2015. The highest amount was $851,528,000 in 2019. This represents an increase of over 16% over the 5 year period. The direct premiums written increased each year from 2015 to 2019.

The largest year-over-year increase in direct premiums written was from 2018 to 2019, when it grew by $37,122,000 or 4.6% (from $811,406,000 to $851,528,000). The smallest year-over-year increase was 2.1%, from $782,927,000 in 2017 to $811,406,000 in 2018. Similarly, direct premiums earned also increased each year. The lowest amount was $710,050,000 in 2015 and the highest was $829,564,000 in 2019. This was an increase of 16.8% over the period.

The largest year-over-year increase in direct premiums earned was from 2018 to 2019, when it grew by $33,265,000 or 4.2% (from $796,299,000 to $829,564,000). The smallest increase was 2.3%, from $773,132,000 in 2017 to $796,299,000 in 2018. 

Loss Ratios for Homeowners Multiple Peril

The Homeowners Multiple Peril loss ratio data for Iowa demonstrates considerable fluctuations between 2015 and 2019. The loss ratios vary from a low of 34.82% in 2015 to a peak of 84.86% in 2017, suggesting an unstable claims environment within this time frame.

A steady increase in loss ratios occurred between 2015 and 2017, with the most substantial jump of 46% between 2016 (38.86%) and 2017 (84.86%). Following 2017, there was a decline in loss ratios in subsequent years, with a 17.92% decrease from 2017 to 2018 (66.94%) and a further 11.49% reduction in 2019 (55.45%). 

Direct and Earned Premiums for Commercial Multiple Peril

The data shows that direct premiums written and earned for commercial multiple peril insurance in Iowa increased steadily from 2015 to 2019. The lowest amount of direct premiums written was $373,834,000 in 2015. This increased to $425,196,000 in 2019, representing an increase of over 13% over the 5 year period. Direct premiums earned followed a similar trajectory, growing from $366,435,000 in 2015 to $412,394,000 in 2019, an increase of nearly 13%.

Looking year-over-year, the largest increase in direct premiums written was from 2018 to 2019, when it grew by $21,346,000 or 5.3% (from $403,950,000 to $425,196,000). The smallest year-over-year increase was 1.4%, from $376,220,000 in 2016 to $381,314,000 in 2017. For direct premiums earned, the biggest jump was also from 2018 to 2019, increasing by $11,783,000 or 2.9% (from $400,611,000 to $412,394,000). The smallest increase was from 2016 to 2017 at 0.4% (from $376,875,000 to $378,360,000). 

Loss Ratios for Commercial Multiple Peril

The Commercial Multiple Peril loss ratio data for Iowa from 2015 to 2019 shows notable variations. In 2015, the loss ratio was relatively low at 33.99%, but it increased to 42.75% in 2016. A substantial jump was observed in 2017, when the loss ratio reached 72.28%. However, the most striking trend occurred in 2018, with the loss ratio escalating dramatically to 126.96%. By 2019, the loss ratio had fallen back to 51.0%.

Direct and Earned Premiums for Mortgage Guaranty

The data shows trends in direct premiums written and earned for mortgage guaranty insurance in Iowa from 2015 to 2019. The direct premiums written increased from $48,589,000 in 2015 to $51,225,000 in 2019.

The lowest amount was $48,482,000 in 2017, while the highest was $51,225,000 in 2019. The direct premiums earned followed a similar trend, starting at $46,105,000 in 2015, dropping to $45,077,000 in 2017, and then increasing to $53,637,000 by 2019.

The largest year-over-year increase in direct premiums earned was from 2018 to 2019, when it grew by $3,701,000 or 7.4% (from $49,936,000 to $53,637,000). 

Loss Ratios for Mortgage Guaranty

The loss ratio data for Mortgage Guaranty in Iowa presents a consistent downward trend from 2015 to 2019. The loss ratios started at 22.03% in 2015, and by 2016, it dropped to 16.88%. This downward trajectory continued in 2017, with a further reduction to 14.05%.

An anomaly occurs in 2018, with the loss ratio data unavailable. However, the downward trend resumes in 2019, reaching the lowest point of 8.85%. However, the absence of data in 2018 necessitates caution while interpreting these trends.

Direct and Earned Premiums for Ocean Marine

The data shows that direct premiums written and earned for ocean marine insurance in Iowa fluctuated between 2015 and 2019.

The lowest amount of direct premiums written was $7,343,000 in 2016. The highest was $9,466,000 in 2019. Direct premiums earned followed a similar pattern, with the lowest being $7,563,000 in 2016 and the highest being $8,835,000 in 2019. Looking more closely at the data, direct premiums written decreased from $7,598,000 in 2015 to $7,343,000 in 2016, a drop of 3.4%. They then increased to $7,624,000 in 2017 and $7,789,000 in 2018 before jumping 26.6% to $9,466,000 in 2019.

Direct premiums earned showed a similar pattern of decrease from 2015 to 2016, followed by smaller increases in 2017 and 2018 and then a larger jump from 2018 to 2019. However, the changes in direct premiums earned were not as dramatic as the changes in direct premiums written. - The largest year-over-year increase for direct premiums written was from 2018 to 2019 at 21.5% (from $7,789,000 to $9,466,000). - The largest increase for direct premiums earned was also from 2018 to 2019 at 14.2% (from $7,736,000 to $8,835,000). 

Loss Ratios for Ocean Marine

The Ocean Marine loss ratio data for Iowa displays significant fluctuations between 2015 and 2019. Starting with an exceptionally high loss ratio of 120.08% in 2015, there is a remarkable decrease to 63.3% in 2016. In 2017, the loss ratio further declines to its lowest point at 27.21%.

However, the trend reverses in 2018, with the loss ratio rising to 54.61%. Despite the increase in 2018, the loss ratio in 2019 improves again to 35.92%, which is still higher than the 2017 low but significantly lower than the 2015 high. 

Direct and Earned Premiums for Inland Marine

The data shows that direct premiums written and earned for inland marine insurance in Iowa increased overall from 2016 to 2019, with some fluctuations.

The lowest amount of direct premiums written was $218,447,000 in 2016. This increased to $234,279,000 in 2017, representing a 7.2% increase. In 2018, direct premiums written rose further to $244,331,000, a 4.3% increase from 2017. However, in 2019 direct premiums written decreased to $235,159,000, a 3.8% decrease from the previous year. For direct premiums earned, the lowest amount was $216,327,000 in 2016. This rose to $226,235,000 in 2017, a 4.6% increase. Direct premiums earned continued increasing in 2018 to $243,049,000, a 7.4% increase.

In 2019, direct premiums earned reached their peak at $247,093,000, a 1.6% increase from 2018. So while direct premiums written fluctuated, direct premiums earned increased each year from 2016 to 2019 for inland marine insurance in Iowa. The largest year-over-year growth for direct premiums written was from 2016 to 2017 at 7.2%. Meanwhile, the largest growth for direct premiums earned was from 2017 to 2018 at 7.4%.

Loss Ratios for Commercial Inland Marine

The Inland Marine loss ratios in Iowa over the years 2016 to 2019 present an interesting pattern. From 2016 to 2018, the loss ratios remained relatively stable, with minor fluctuations between 39.42% and 40.93%.

A significant increase, however, was observed in 2019, with the loss ratio jumping to 57.22%. While the steady figures in 2016-2018, the sharp rise in 2019 indicates a shift in the scenario.

Direct and Earned Premiums for Financial Guaranty

The data shows that direct premiums written and earned for financial guaranty insurance in Iowa fluctuated between 2015 and 2019. The lowest amount of direct premiums written was $3,186,000 in 2015. This increased to $3,324,000 in 2016, $3,372,000 in 2017, $3,503,000 in 2018, and reached a high of $3,627,000 in 2019. So there was an overall increasing trend in direct premiums written over the 5 year period, with the largest year-over-year increase occurring from 2018 to 2019 when premiums grew by $124,000 or 3.5%.

For direct premiums earned, the pattern was more variable. The highest amount earned was $6,493,000 in 2016, followed by a decrease to $5,670,000 in 2017. Premiums earned then dropped significantly to $3,793,000 in 2018 before rebounding somewhat to $4,087,000 in 2019. The largest fluctuation was from 2016 to 2017 when premiums earned decreased by $823,000 or 12.7%. 

Loss Ratios for Commercial Financial Guaranty

The Financial Guaranty loss ratio data is unavailable for Iowa.

Direct and Earned Premiums for Medical Professional Liability

The data shows trends in direct premiums written and earned for medical professional liability insurance in Iowa from 2015 to 2019. The direct premiums written decreased from $66,109,000 in 2015 to $61,304,000 in 2017, representing a 7.2% drop over those two years.

However, direct premiums written then increased to $62,974,000 in 2018 and $67,944,000 in 2019. Overall, direct premiums written in 2019 were 2.8% higher than in 2015. Direct premiums earned followed a similar pattern, decreasing from $67,145,000 in 2015 to $62,961,000 in 2017 before increasing again to $66,704,000 in 2019. The year with the lowest direct premiums earned was 2017 at $62,961,000, while the highest was 2015 at $67,145,000.

The largest year-over-year decrease in direct premiums written was from 2016 to 2017, when premiums dropped by $5,663,000 or 8.5%. The largest increase was from 2018 to 2019 at $4,970,000 or 7.9%. For direct premiums earned, the biggest single year decrease was also 2016 to 2017, falling $4,571,000 or 6.8%, while the largest increase was from 2017 to 2019 at $3,743,000 or 5.9%.

Loss Ratios for Medical Professional Liability

The loss ratio data for Medical Professional Liability in Iowa demonstrates notable variations over the years. In 2015, the loss ratio stood at 42.29%, followed by a substantial increase to 64.78% in 2016.

However, the loss ratio witnessed a significant drop to 32.74% in 2017. A dramatic spike occurred in 2018, with the loss ratio reaching an unprecedented 110.15%. In 2019, the loss ratio declined to 91.26%.

Direct and Earned Premiums for Earthquake

The data shows that direct premiums written and earned for earthquake insurance in Iowa fluctuated between 2015 and 2019. The lowest amount of direct premiums written was $3,745,000 in 2017. The highest was $5,212,000 in 2019.

Direct premiums written decreased from $5,844,000 in 2015 to $3,745,000 in 2017, before increasing again to $5,212,000 in 2019. Direct premiums earned followed a similar pattern. The lowest amount was $3,723,000 in 2017, while the highest was $4,912,000 in 2016. From 2015 to 2017, direct premiums earned fell from $5,626,000 to $3,723,000, a decrease of 33.8%. It then increased to $4,841,000 in 2019.

The largest year-over-year decrease for direct premiums written was in 2016-2017, when it declined from $4,133,000 to $3,745,000, a drop of 9.4%. The largest increase was from 2017 to 2019, when direct premiums written grew by $1,467,000 or 39.2% (from $3,745,000 to $5,212,000). 

Loss Ratios for Earthquake

The loss ratio data for Earthquake insurance in Iowa over the past five years suggests some interesting patterns. In 2015, the loss ratio was unreported. However, starting from 2016, there was a noticeable upward trend in loss ratios, increasing from a mere 1.22% to peak at 4.01% in 2018. Interestingly, 2019 observed a slight dip in the loss ratio to 3.48%.

Direct and Earned Premiums for Workers Compensation

The data shows that direct premiums written and earned for workers compensation insurance in Iowa decreased steadily from 2015 to 2019.

The highest amount of direct premiums written was $770,150,000 in 2015. This amount dropped each subsequent year, with the lowest being $643,879,000 in 2019. This represents a decrease of over 16% over the 5 year period. Direct premiums earned followed a similar trend, starting at $767,718,000 in 2015 and ending at $659,847,000 in 2019. However, there was a slight increase from 2016 to 2017, with premiums earned going from $760,995,000 to $764,264,000 before resuming the downward trajectory from 2017 to 2019.

The largest year-over-year decrease for direct premiums written was from 2018 to 2019, when premiums dropped by $37,812,000 or 5.6% (from $681,691,000 to $643,879,000). The smallest decrease was 1.8% from 2016 to 2017, going from $762,853,000 to $747,161,000. Overall, the data indicates a consistent downward trend for workers compensation insurance premiums written and earned in Iowa over the 5 year period from 2015 to 2019.

Loss Ratios for Workers Compensation

The loss ratio data for Workers Compensation in Iowa from 2015 to 2019 shows slight variations year on year. In 2015, the loss ratio was at a moderate 56.99%, which marginally increased to 57.73% in 2016 and further to 58.81% in 2017. However, there was a significant dip to 48.98% in 2018. Yet, this improvement was short-lived as the loss ratio rose again to 55.41% in 2019.

Direct and Earned Premiums for Product Liability

The data shows that direct premiums written and earned for products liability insurance in Iowa fluctuated from 2015 to 2019. The lowest amount of direct premiums written was $39,427,000 in 2018, decreasing from $42,573,000 in 2017. The highest amount was $43,542,000 in 2016. Direct premiums written increased from $40,974,000 in 2015 to a peak of $43,542,000 in 2016, before decreasing in 2017 and 2018, and then slightly increasing again in 2019 to $39,875,000. Direct premiums earned followed a similar pattern, ranging from a low of $39,333,000 in 2019 to a high of $42,969,000 in 2016.

The largest year-over-year decrease in direct premiums written was from 2017 to 2018, when it fell by $3,146,000 or 7.4% (from $42,573,000 to $39,427,000). The largest increase was from 2015 to 2016, when direct premiums written grew by $2,568,000 or 6.3%.

Loss Ratios for Product Liability

The Products Liability data for Iowa from 2015 to 2019 presents interesting trends. The loss ratio in 2015 was notably high at 69.87%, but it dropped significantly in 2016 to 19.4%. The downward trend continued into 2017 with a loss ratio of 14.0%, marking a considerable improvement over the two-year period.

However, the loss ratio slightly increased in 2018 to 20.01%, indicating some volatility in the market conditions during that period. Contrastingly, there was a substantial jump in 2019, with the loss ratio climbing to 42.47%.

Direct and Earned Premiums for Private Passenger Auto

The data shows that direct premiums written and earned for private passenger auto insurance in Iowa increased steadily from 2015 to 2019. The lowest amount of direct premiums written was $1,562,314,000 in 2015. This increased to $1,876,273,000 in 2019, representing an overall increase of 20.1% over the 5 year period. Direct premiums earned followed a similar trend, growing from $1,535,695,000 in 2015 to $1,861,401,000 in 2019, a 21.2% increase.

On a year-over-year basis, the largest increase in direct premiums written was from 2018 to 2019, when it grew by $41,890,000 or 2.3% (from $1,835,803,000 to $1,876,273,000). The smallest year-over-year increase was 1.7% between 2015 and 2016 (from $1,562,314,000 to $1,650,388,000). For direct premiums earned, the largest annual increase was 2.4% between 2018 and 2019 (from $1,814,707,000 to $1,861,401,000). The smallest was 1.9% from 2016 to 2017 (from $1,616,900,000 to $1,720,816,000).

Loss Ratios for Private Passenger Auto

The Private Passenger Auto Total loss ratio data for Iowa from 2015 to 2019 indicates minor fluctuations in percentages. In 2015, the loss ratio was 60.95%, slightly increasing to 62.41% in 2016. The highest recorded loss ratio over this period was 64.7% in 2017.

However, this increase was short-lived, with the following year, 2018, noting a reduction to 61.37%, and an even further drop to 60.88% in 2019. Despite the peak in 2017, the data suggests a somewhat consistent loss ratio range around the 60% mark.

Direct and Earned Premiums for Commercial Auto

The data shows that direct premiums written and earned for commercial auto insurance in Iowa increased steadily from 2015 to 2019. The lowest amount of direct premiums written was $369,000,000 in 2015. The highest was $464,884,000 in 2019. This represents an increase of over 25% over the 5 year period. Direct premiums written increased each year from 2015 to 2019. The largest year-over-year increase was from 2018 to 2019, when direct premiums written grew by $39,784,000 or 9.4% (from $425,100,000 to $464,884,000).

The smallest increase was 2.1% from 2015 to 2016 ($369,000,000 to $376,323,000). Direct premiums earned followed a similar pattern, with the lowest amount being $361,793,000 in 2015 and the highest being $445,861,000 in 2019. This was a 23% increase over the period. The largest year-over-year increase in direct premiums earned was also from 2018 to 2019 at 7.4% (from $415,268,000 to $445,861,000). The smallest was from 2016 to 2017 at 2.0% (from $374,817,000 to $392,253,000).

Loss Ratios for Commercial Auto

The loss ratio data for Commercial Auto Total in Iowa showcases notable trends and shifts over the five-year period from 2015 to 2019. In 2015, the loss ratio began at 54.41%, indicating a moderate level of claims compared to premiums earned.

Over the next two years, there was a steady increase, with 2016 reaching 57.17% and 2017 experiencing a more substantial jump to 66.45%. In 2018, the loss ratio experienced a slight decrease to 62.84%. However, the loss ratio increased again in 2019 to 67.99%, which is the highest value observed in this dataset. 

Direct and Earned Premiums for Aircraft

The data shows that direct premiums written and direct premiums earned for aircraft insurance in Iowa fluctuated between 2015 and 2019. The lowest amount of direct premiums written was $11,351,000 in 2015. This increased to $11,966,000 in 2016 before decreasing slightly to $11,796,000 in 2017. Direct premiums written then increased again in 2018 to $11,927,000 and reached the highest amount of $12,990,000 in 2019. Direct premiums earned followed a similar pattern to direct premiums written. The lowest amount was $11,576,000 in 2016, increasing to $11,807,000 in 2017.

The highest amount of direct premiums earned was $12,171,000 in 2018, before decreasing to $11,781,000 in 2019. The largest year-over-year increase in direct premiums written was from 2018 to 2019, when it grew by $1,063,000 or 8.9% (from $11,927,000 to $12,990,000). The largest year-over-year decrease was from 2016 to 2017, when direct premiums written fell by $170,000 or 1.4% (from $11,966,000 to $11,796,000).

Loss Ratios for Aircraft

The Aircraft line of business in Iowa displays intriguing shifts in loss ratio percentages from 2015 to 2019. The lowest loss ratio of 22.37% was recorded in 2015, while a significant surge was noted in 2016, reaching an unusually high rate of 105.48%.

However, the figures from 2017 onwards show a downward trend, with the loss ratio dropping to 51.13% in 2017 and further declining to 35.6% in 2018. In 2019, the loss ratio saw a slight increase, standing at 37.64%. Yet, it remained significantly lower than the 2016 figure. 

Direct and Earned Premiums for Fidelity

The data shows that direct premiums written and earned for fidelity insurance in Iowa fluctuated between 2015 and 2019. The lowest amount of direct premiums written was $13,267,000 in 2018.

The highest was $14,656,000 in 2019. Direct premiums written decreased from 2015 to 2018, going from $14,280,000 down to $13,267,000. This represents a 7% decrease over the 4 year period. However, in 2019 direct premiums written increased significantly to $14,656,000, a 10% increase from the previous year. For direct premiums earned, the lowest amount was $13,371,000 in 2019 and the highest was $14,629,000 in 2015.

Unlike direct premiums written, direct premiums earned mostly declined year-over-year from 2015 to 2019. The steepest decline was from 2016 to 2017, when direct premiums earned decreased from $13,693,000 to $13,805,000, a 1% drop. The only year-over-year increase was a small 0.5% growth from 2017 to 2018.

Loss Ratios for Fidelity

The loss ratio data for Fidelity insurance in Iowa demonstrates notable variations across the years, with some significant changes in percentages. In the period from 2015 to 2016, the loss ratios remained relatively stable, with only a slight decrease from 37.32% in 2015 to 35.84% in 2016. However, 2017 saw a drastic reduction in the loss ratio, plummeting to 7.69%. In contrast, 2018 experienced a sharp increase in the loss ratio, reaching 72.85%.

Direct and Earned Premiums for Surety

The data shows that direct premiums written and earned for surety insurance in Iowa fluctuated between 2015 and 2019. The lowest amount of direct premiums written was $45,358,000 in 2016. The highest was $51,461,000 in 2019. This represents an increase of 13.5% from the low in 2016 to the high in 2019. Direct premiums written decreased from $46,593,000 in 2015 to $45,358,000 in 2016, before increasing again in 2017 to $51,404,000. The largest year-over-year increase in direct premiums written was from 2016 to 2017, when it grew by $5,046,000 or 11.1% (from $45,358,000 to $51,404,000).

Direct premiums earned followed a similar pattern, with the lowest amount being $46,260,000 in 2015 and the highest being $50,198,000 in 2019. This was an increase of 8.5% over the period. The largest year-over-year increase in direct premiums earned was from 2017 to 2018, when it grew by $3,003,000 or 6.4% (from $47,131,000 to $49,354,000).

Loss Ratios for Surety

The loss ratio data for Surety in Iowa illustrates a remarkable variation across the years from 2015 to 2019. In 2015, the loss ratio starts at a relatively high percentage of 15.06%. However, a significant decrease occurs in 2016, with the loss ratio plummeting to a low of 0.57%. The loss ratios in 2017 and 2019 remain low, at 0.75% and 1.28%, respectively, suggesting a period of stability in the Surety business during these years.

Interestingly, 2018 exhibits an increase in the loss ratio to 6.47%, which is substantially higher compared to its adjacent years but still lower than the 2015 figures. 

Direct and Earned Premiums for Warranty

The data shows that direct premiums written and earned for warranty insurance in Iowa fluctuated between 2015 and 2019. The lowest amount of direct premiums written was $4,166,000 in 2015. This increased to $7,337,000 in 2016 before dropping slightly to $6,631,000 in 2017. It then increased again in 2018 to $7,268,000 and reached its peak of $7,371,000 in 2019.

Direct premiums earned followed a similar pattern but lagged behind the direct premiums written. The lowest amount was $2,629,000 in 2015. This increased to $3,124,000 in 2016 and $3,733,000 in 2017 before jumping to $4,686,000 in 2018.

The highest amount of $5,439,000 was reached in 2019. The largest year-over-year increase in direct premiums written was from 2015 to 2016 when it grew by $3,171,000 or 76%. The smallest increase was just 2.8% from 2018 to 2019. For direct premiums earned, the biggest jump was also from 2015 to 2016 at 19%. The smallest was from 2017 to 2018 at 25%.

Loss Ratios for Warranty

The Loss Ratio Percentage for Warranty business in Iowa displayed a steady increase from 2015 to 2019. This period saw the loss ratio escalate from 39.45% in 2015 up to 55.83% in 2019. The most substantial jump in this five-year span occurred between 2017 and 2018, with an increase of 10.76 percentage points.

Despite the rise from 2015 to 2018, there was a slight plateau between 2018 and 2019, with only a 0.75 percentage point increase.