Market Trends

Direct and Earned Premiums for Fire

The data shows that direct premiums written and direct premiums earned for fire insurance in Kansas fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $91,369,000 in 2017. The highest amount was $164,648,000 in 2022.

Direct premiums written increased each year from 2017 to 2022, with the exception of a slight decrease from $105,105,000 in 2018 to $113,087,000 in 2019. The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $32,502,000 or 23.1% (from $141,146,000 to $164,648,000). The smallest year-over-year increase was just 0.8%, from $99,850,000 in 2015 to $102,058,000 in 2016. For direct premiums earned, the lowest amount was $95,205,000 in 2017 and the highest was $154,655,000 in 2022.

Like direct premiums written, direct premiums earned increased each year from 2017 to 2022, except for a slight dip from $99,810,000 in 2018 to $111,093,000 in 2019. The largest year-over-year increase in direct premiums earned was 23.2%, from $137,552,000 in 2021 to $154,655,000 in 2022. The smallest was a 0.9% increase from $102,561,000 in 2015 to $99,436,000 in 2016.

Loss Ratios for Fire

The loss ratio data for Fire insurance in Kansas demonstrates notable trends and variations from 2015 to 2022. In the early years, the loss ratios show a gradual increase, moving from 32.77% in 2015 to 42.48% in 2017. A significant surge is observed in 2018, with the loss ratio reaching an unprecedented 143.23%, followed by a slight decrease to 125.94% in 2019. The cause of this drastic change remains unclear due to the lack of speculation.

Data for 2020 is unavailable; however, the loss ratio improved to 41.42% in 2021. The year 2022 exhibits a moderate increase to 68.87%, which is still higher than the figures observed between 2015 and 2017 but lower than the extreme values in 2018 and 2019. 

Direct and Earned Premiums for Allied Lines

The data shows that direct premiums written and direct premiums earned for allied lines insurance in Kansas increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $146,407,000 in 2015. This increased each year, with the highest amount being $239,319,000 in 2022. This represents an increase of over 63% from 2015 to 2022.

The direct premiums earned follow a similar trend, starting at $145,286,000 in 2015 and reaching $222,337,000 in 2022, an increase of over 53%. The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $30,441,000 or 14.7% (from $206,878,000 to $239,319,000). The smallest year-over-year increase was 1.1%, from $156,674,000 in 2018 to $158,422,000 in 2019.

The largest increase in direct premiums earned was also from 2021 to 2022, growing by $21,302,000 or 10.6% (from $201,035,000 to $222,337,000). The smallest increase was 0.5% from 2016 to 2017 (from $143,822,000 to $142,097,000). Overall, the data shows steady and significant growth in both direct premiums written and earned for allied lines in Kansas over the 8 year period from 2015 to 2022.

Loss Ratios for Allied Lines

The loss ratio data for Allied Lines in Kansas demonstrates notable shifts over the given period. It's evident that the loss ratios fluctuated greatly, with the value dipping to 32.81% in 2020 from a peak of 86.08% in 2017. In the ensuing years, 2021 and 2022, the loss ratios were relatively stable at 53.93% and 42.26%, respectively.

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 Kansas fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $554,831,000 in 2016. The highest was $1,341,995,000 in 2022. This represents an increase of over 140% from 2016 to 2022.

Direct premiums written decreased from $616,745,000 in 2015 to $554,831,000 in 2016 before increasing each year from 2017 to 2022. The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $405,072,000 or 42.9% (from $944,923,000 to $1,341,995,000).

Direct premiums earned followed a similar pattern to direct premiums written over the period, with the lowest amount being $609,229,000 in 2018 and the highest being $1,224,226,000 in 2022. This was an increase of over 100% from 2018 to 2022. The largest year-over-year increase in direct premiums earned was also from 2021 to 2022, when it grew by $332,717,000 or 37.3% (from $891,509,000 to $1,224,226,000). 

Loss Ratios for Multi-Peril Crop

Analysis of the loss ratio percentages for Federal Multi-Peril Crop insurance in Kansas reveals considerable variation across the years. The loss ratios fluctuated from a low of 23.84% in 2016 to an extraordinarily high 162.19% in 2022. Specifically, 2018 experienced a notable surge in loss ratio to 59.35%, higher than the preceding and subsequent years.

The years 2017 and 2021 also exhibited comparative consistency with loss ratios of 41.27% and 43.58%, respectively. However, the most alarming trend is in 2022, where the loss ratio skyrocketed to 162.19%, an unprecedented increase compared to other years. The reasons for this dramatic surge warrants further investigation. On the other hand, the year 2020 showed a decline to 30.92%.

Direct and Earned Premiums for Federal Flood

The data shows that direct premiums written and direct premiums earned for federal flood insurance in Kansas fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $5,123,000 in 2022, down 21.9% from $6,576,000 in 2021. The highest amount was $6,629,000 in 2019.

Direct premiums written decreased from $6,513,000 in 2015 to $5,602,000 in 2017, before increasing again to $6,576,000 in 2021. The largest year-over-year decrease was from 2016 to 2017, when direct premiums dropped by $786,000 or 12.4% (from $6,348,000 to $5,602,000).

Direct premiums earned followed a similar pattern to direct premiums written, with the lowest amount being $5,891,000 in 2018 and the highest being $6,652,000 in 2020. The largest year-over-year increase in direct premiums earned was from 2018 to 2019, rising 7.9% from $5,891,000 to $6,365,000.

Loss Ratios for Federal Flood

The Federal Flood loss ratio data for Kansas exhibits substantial fluctuations across the years from 2015 to 2021. The loss ratios initially increased, with a low of 11.62% in 2015, then escalated to a peak of 81.94% in 2018. However, a significant decrease occurred in 2019, with the loss ratio dropping to 63.73%.

The most remarkable shift is seen in 2020, where the loss ratio plummeted to a mere 2.56%, possibly reflecting the impact of successful mitigation efforts or a decrease in claim severity. In 2021, the loss ratio increased slightly to 10.57%.

Direct and Earned Premiums for Private Crop

The data shows that direct premiums written and direct premiums earned for private crop insurance in Kansas fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $50,477,000 in 2015. This increased to a high of $76,366,000 in 2021 before decreasing slightly to $73,488,000 in 2022.

Direct premiums earned followed a similar pattern, with the lowest amount being $50,394,000 in 2015 and the highest being $76,511,000 in 2021. The largest year-over-year increase in direct premiums written was from 2020 to 2021, when it grew by $20,504,000 or 36.7% (from $55,862,000 to $76,366,000). 

Direct premiums written increased by 45.6% from 2015 to 2022, while direct premiums earned increased by 45.9% over the same time period. This indicates steadily growing demand for private crop insurance in Kansas over the 8 years.

Loss Ratios for Private Crop

The Private Crop loss ratio data for Kansas presents intriguing dynamics over the years. The loss ratio has seen considerable variation, from a low of 26.62% in 2022 to an extraordinary high of 138.14% in 2019, which stands out as an anomaly, meriting further exploration. This was followed by a significant decrease to 63.86% in 2020.

The loss ratio showed a steady increase from 52.4% in 2015 to 87.6% in 2018, suggesting a challenging period for the Private Crop line of business. However, the years 2021 and 2022 show a marked decrease, with loss ratios of 47.23% and 26.62%, respectively.

Direct and Earned Premiums for Private Flood

The data shows that direct premiums written and earned for private flood insurance in Kansas fluctuated between 2016 and 2022. The lowest amount of direct premiums written was $3,520,000 in 2016. This increased to $5,187,000 in 2017, representing a 47.5% year-over-year increase. Direct premiums written continued to climb to $5,620,000 in 2018 before dropping to $3,722,000 in 2019. There was an 18.7% increase to $4,415,000 in 2020, followed by a 42.5% jump to $6,291,000 in 2021.

In 2022, direct premiums written decreased 15.1% to $5,344,000. For direct premiums earned, the lowest amount was $2,248,000 in 2016. This grew to $4,986,000 in 2017, representing a 121.7% increase. The highest direct premiums earned was $5,589,000 in 2022. The largest year-over-year growth in direct premiums earned was from 2016 to 2017.

The smallest increase was just 2.3% from $4,134,000 in 2020 to $4,224,000 in 2021. Overall, the data shows substantial fluctuation in direct premiums written and earned for private flood insurance in Kansas over the 7-year period, with significant growth from 2016 to 2017 and again from 2020 to 2021.

Loss Ratios for Private Flood

The loss ratio data for Private Flood insurance in Kansas showcases notable fluctuations throughout the years 2016 to 2022. In 2016, the loss ratio peaked at 53.17%, followed by a dramatic decrease to 4.47% in 2017. 

Between 2018 and 2019, the loss ratio remained relatively stable, with 24.94% and 23.98% respectively. Unfortunately, the data for 2020 is unavailable, making it difficult to analyze trends between 2019 and 2021. In the more recent years, 2021 and 2022, the loss ratios are significantly lower, with 3.91% and 3.82% respectively.

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 Kansas increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $233,692,000 in 2015. The highest amount was $290,816,000 in 2022. This represents an increase of over 24% 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 $22,567,000 or 8.4% (from $268,249,000 to $290,816,000). The smallest year-over-year increase was 2.5%, from $240,816,000 in 2017 to $247,170,000 in 2018.

The trends for direct premiums earned are very similar, as these two metrics tend to move together. The lowest direct premiums earned was $228,952,000 in 2015 and the highest was $280,111,000 in 2022, an increase of over 22% during this period. As with direct premiums written, direct premiums earned increased each year from 2015 to 2022.

Loss Ratios for Farmowners Multiple Peril

The loss ratio data for Farmowners Multiple Peril in Kansas reveals noteworthy trends over the years. The loss ratios demonstrate considerable variability, with a minimum of 45.61% in 2020 and a maximum of 80.96% in 2021. This significant leap in 2021 stands out, indicating a need for further analysis into the reasons behind this surge.

However, a decline to 50.82% in 2022 provides some positive insigh. The earlier years, from 2015 to 2018, show a relatively stabilizing trend with minor fluctuations, ranging from 51.71% to 58.01%, then dropping to 46.82% in 2018. The sudden spike in 2019 to 65.63% then dipping in 2020 to 45.61% might indicate changes in claim circumstances or alterations in underwriting strategies.

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 Kansas increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $110,465,000 in 2015. The highest amount was $150,905,000 in 2022. This represents an increase of over 36% 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 $12,254,000 or 8.9% (from $138,362,000 to $150,905,000). The smallest year-over-year increase was 2.7%, from $116,095,000 in 2017 to $119,255,000 in 2018.

The trends were similar for direct premiums earned. It grew from $107,488,000 in 2015 to $144,291,000 in 2022, an increase of 34% over the period. The largest annual increase was 8.5% between 2021 and 2022 (from $133,444,000 to $144,291,000). The smallest was 3.3% between 2016 and 2017.

Loss Ratios for Homeowners Multiple Peril

The loss ratio data for Homeowners Multiple Peril in Kansas exhibits notable fluctuations over the eight-year period. The loss ratios range from a low of 39.01% in 2020 to a high of 64.13% in 2019. The data reveals two distinct spikes in loss ratios, with 55.89% in 2017 and the peak of 64.13% in 2019.

In contrast, both 2015 and 2020 show relatively low loss ratios of 39.26% and 39.01%, respectively. The years 2016, 2018, and 2022 display relatively stable loss ratios around 48%, with values of 48.02%, 41.14%, and 48.64%, respectively. 

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 Kansas increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $380,403,000 in 2015. The highest amount was $514,488,000 in 2022. This represents an increase of over 35% 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 $41,190,000 or 9.6% (from $429,059,000 to $470,096,000). The smallest year-over-year increase was 0.4%, from $380,403,000 in 2015 to $381,611,000 in 2016.

The direct premiums earned followed a similar trajectory, with the lowest amount being $380,245,000 in 2015 and the highest being $491,084,000 in 2022. This was an increase of over 29% over the period. As with direct premiums written, direct premiums earned increased each year. The largest year-over-year increase was 9.1% from 2020 to 2021 (from $416,630,000 to $451,572,000) and the smallest was 0.2% from 2015 to 2016.

Loss Ratios for Commercial Multiple Peril

The loss ratio data for Commercial Multiple Peril in Kansas exhibits interesting changes over the years. The loss ratio in 2015 was 52.45%, which decreased to 43.27% in 2016, suggesting a reduction in claims or improved underwriting. This was followed by a slight increase in 2017 and 2018, with the loss ratios being 48.31% and 48.36% respectively.

A peak was witnessed in 2019 with a ratio of 53.2%, which might require further exploration to understand the cause of this surge. However, a significant drop was observed in 2020, with the loss ratio reaching a low of 39.48%. The years 2021 and 2022 saw an upward trend in the loss ratios, reaching 52.13% and a high of 68.18%.

Direct and Earned Premiums for Mortgage Guaranty

The data shows that direct premiums written and direct premiums earned for mortgage guaranty insurance in Kansas fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $45,630,000 in 2022. The highest amount was $48,970,000 in 2020.

Direct premiums written increased from 2015 to 2020, with a dip in 2017 and 2022. Direct premiums earned followed a similar trend, with the lowest amount being $44,175,000 in 2015 and the highest being $52,565,000 in 2020. However, direct premiums earned grew more steadily than direct premiums written over the period, with the only decline being in 2021. The largest year-over-year increase in direct premiums written was from 2019 to 2020, when it grew by $1,724,000 or 3.6% (from $47,246,000 to $48,970,000).

The largest increase in direct premiums earned was also from 2019 to 2020, growing by $2,628,000 or 5.3% (from $49,937,000 to $52,565,000). The data shows fluctuating but overall increasing direct premiums written and earned for mortgage guaranty insurance in Kansas between 2015 and 2022, with 2020 being the peak year followed by declines in 2021 and 2022.

Loss Ratios for Mortgage Guaranty

The Mortgage Guaranty loss ratio data in Kansas shows distinct trends across the years. The loss ratios display a notable decrease from 15.33% in 2015 to 5.12% in 2018. However, 2020 breaks from this trend with a significant surge to 24.47%, nearly four times the previous year's ratio.

This year appears as an anomaly, thus further research is warranted to understand the causes behind this surge. Post-2020, the loss ratio shows a drastic improvement, dropping down to 5.34% in 2021. 

Direct and Earned Premiums for Ocean Marine

The data shows that direct premiums written and direct premiums earned for ocean marine insurance in Kansas fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $8,011,000 in 2018, while the highest was $13,170,000 in 2022. This represents an increase of 64.4% from the low point in 2018 to the high point in 2022.

Direct premiums written increased each year from 2018 to 2022, with the largest year-over-year increase occurring between 2021 and 2022, when direct premiums written grew by $3,821,000 or 33.7% (from $11,349,000 to $13,170,000). The smallest year-over-year increase was 1.8%, from $8,668,000 in 2016 to $8,404,000 in 2017.

Direct premiums earned followed a similar pattern to direct premiums written, with the low of $8,231,000 occurring in 2016 and the high of $12,568,000 in 2022. This was an increase of 52.7% between those years. The largest year-over-year increase in direct premiums earned was 15.5%, from $9,342,000 in 2020 to $10,794,000 in 2021. The smallest was a 0.4% decrease from $9,025,000 in 2015 to $8,231,000 in 2016.

Loss Ratios for Ocean Marine

The Ocean Marine loss ratio percentage in Kansas fluctuated between 2015 and 2022, with the most significant peak occurring in 2019 at 105.55%. This extreme rise compared to the previous year's 23.8% calls for further examination into the possible causes behind this unusual spike.

Following this, the percentage significantly dropped to 49.08% in 2020. The years 2021 and 2022 showed a consistent rise in loss ratio percentages to 44.62% and 61.2%, respectively.

Direct and Earned Premiums for Inland Marine

The data shows that direct premiums written and direct premiums earned for inland marine insurance in Kansas increased steadily from 2016 to 2022. The lowest amount of direct premiums written was $185,697,000 in 2016. The highest amount was $268,481,000 in 2022. This represents an increase of over 44% over the 7 year period.

The direct premiums written increased each year from 2016 to 2022. The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $32,597,000 or 13.8% (from $235,985,000 to $268,481,000). The smallest year-over-year increase was 1.1%, from $218,355,000 in 2019 to $220,193,000 in 2020.

The direct premiums earned followed a similar upward trend over the period, with the lowest amount being $190,598,000 in 2016 and the highest being $255,137,000 in 2022. This was an increase of over 33% over the 7 years. The largest year-over-year increase in direct premiums earned was 13.1% from 2021 to 2022 (from $228,784,000 to $255,137,000). The smallest increase was 0.2% from 2017 to 2018 (from $193,261,000 to $204,519,000).

Loss Ratios for Commercial Inland Marine

The data for Inland Marine loss ratios in Kansas from 2016 to 2022 shows interesting trends. The loss ratios fluctuate, with the highest point of 59.85% in 2017 and the lowest of 41.13% in 2018.

Subsequent years show a slight increase but maintain a level below the 2017 peak. The loss ratios in 2019 and 2020 are relatively close, with 49.19% and 47.25% respectively. The data from 2021 and 2022 reveal a further decrease to 41.51% and 42.71% respectively, showing a consistent trend.

Direct and Earned Premiums for Financial Guaranty

The data shows that direct premiums written and direct premiums earned for financial guaranty insurance in Kansas fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $809,000 in 2018, while the highest was $2,424,000 in 2021. This represents an increase of nearly 200% from the low point in 2018 to the high point in 2021. Direct premiums written decreased from $2,034,000 in 2015 to $1,762,000 in 2016 before dropping significantly to $1,024,000 in 2017. There was another small decrease to $809,000 in 2018 before increasing again in 2019 to $1,024,000.

Direct premiums written then remained relatively stable in 2020 at $1,044,000 before jumping to $2,424,000 in 2021. In 2022, direct premiums written decreased to $1,431,000. The pattern for direct premiums earned differs somewhat from direct premiums written over the period.

Direct premiums earned hit a high of $6,410,000 in 2015 before dropping to $8,622,000 in 2016. There was a significant decrease to $2,768,000 in 2017, followed by smaller decreases in 2018 and 2019. Direct premiums earned bottomed out at $1,847,000 in 2020 before rebounding slightly to $1,489,000 in 2021. In 2022, direct premiums earned decreased again to $1,209,000.

Loss Ratios for Commercial Financial Guaranty

The Financial Guaranty loss ratio percentage in Kansas has experienced shifts from 2015 to 2022. In 2015, the loss ratio stood at a moderate 0.54%, which then escalated to 2.08% in 2016, marking the highest point in the observed period. Remaining data 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 Kansas increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $61,133,000 in 2015. The highest amount was $100,552,000 in 2022. This represents an increase of over 64% 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 $14,734,000 or 17.2% (from $85,818,000 to $100,552,000). The smallest year-over-year increase was 2.6%, from $62,237,000 in 2017 to $64,129,000 in 2018.

The direct premiums earned followed a similar trend, with the lowest amount being $60,865,000 in 2015 and the highest being $95,894,000 in 2022. This was an increase of over 57% over the period. As with direct premiums written, direct premiums earned increased each year. The biggest year-over-year jump was 16.3%, from $72,622,000 in 2020 to $84,592,000 in 2021. The smallest increase was 3.2%, from 2016 to 2017.

Loss Ratios for Medical Professional Liability

The loss ratio for Medical Professional Liability in Kansas shows significant volatility over the years. In 2015, the loss ratio was at a low of 15.32%, but it nearly doubled to 29.2% in 2016. It then dipped to 18.69% in 2017 before more than doubling to 50.31% in 2018. The loss ratio slightly decreased to 42.86% in 2019, but 2020 saw a dramatic surge to 82.34%, the highest in the observed period. The loss ratio then declined to 54.58% in 2021 and further to 49.61% in 2022

Direct and Earned Premiums for Earthquake

The data shows that direct premiums written and direct premiums earned for earthquake insurance in Kansas fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $6,742,000 in 2017. The highest amount was $11,896,000 in 2021. This represents an increase of over 76% from the low in 2017 to the high in 2021. Direct premiums written increased each year from 2017 to 2021, with the exception of a dip from $9,076,000 in 2020 to $10,405,000 in 2022.

The largest year-over-year increase in direct premiums written was from $6,742,000 in 2017 to $7,717,000 in 2018, representing a growth of 14.5%. Direct premiums earned generally lagged slightly behind direct premiums written, as expected based on the timing of revenue recognition.

The lowest direct premiums earned was $6,724,000 in 2017, aligning with the low point for direct premiums written. The highest direct premiums earned was $12,939,000 in 2022. This represents a 92.5% increase from 2017 to 2022. The largest year-over-year increase in direct premiums earned was from $8,659,000 in 2020 to $10,854,000 in 2021, representing a growth of 25.4%.

Loss Ratios for Earthquake

The Earthquake insurance loss ratio data for Kansas over the years unveils certain patterns. The loss ratio in 2015 was at a low of 1.26%, and it experienced a slight increase to 2.88% in 2017. A significant drop to 0.21% was observed in 2018, marking the lowest point during this period.

However, this was followed by an increase to 2.37% in 2019 and a slight decrease to 1.49% in 2020. From 2020 to 2022, the data reveals an upward trend, with the loss ratio reaching 3.13% in 2022, the highest recorded during this period.

Direct and Earned Premiums for Workers Compensation

The data shows that direct premiums written and direct premiums earned for workers compensation insurance in Kansas decreased steadily from 2015 to 2020, before increasing again in 2021 and 2022. The highest amount of direct premiums written was $473,902,000 in 2015. This amount decreased each year from 2016 to 2020, reaching a low of $376,038,000 in 2020. This represents a decrease of over 20% from 2015 to 2020.

Direct premiums written then increased to $392,377,000 in 2021 and $412,216,000 in 2022. The year-over-year increase from 2020 to 2021 was 4.3%, while the increase from 2021 to 2022 was 5.1%. The pattern for direct premiums earned is similar. The highest amount was $481,735,000 in 2015, decreasing to $371,784,000 in 2020. This is a 23% decrease over the period.

Direct premiums earned then increased to $390,952,000 in 2021 and $408,145,000 in 2022. The largest year-over-year decrease for direct premiums written was from 2015 to 2016, when it declined by $38,890,000 or 8.2%. The smallest decrease was 1.7% from 2019 to 2020.

Loss Ratios for Workers Compensation

The Workers Compensation loss ratio data for Kansas shows intriguing shifts over the past eight years. The loss ratios experienced minimal variation between 2015 and 2017, hovering around 47%. However, in 2018, there was a marked increase to 51.53%, with 2019 seeing the highest ratio of the period at 55.61%.

Interestingly, in 2020, despite the challenges of the pandemic, the loss ratio dropped slightly to 52.61%. Another surge occurred in 2021, peaking at 59.23%, the highest in this timeframe. This was followed by a significant reduction to 44.1% in 2022, the lowest ratio recorded in the given period. This data suggests there have been fluctuations across the years, with notable increases in 2018 and 2021, and marked decreases in 2020 and 2022.

Direct and Earned Premiums for Product Liability

The data shows that direct premiums written and direct premiums earned for products liability insurance in Kansas decreased from 2015 to 2018, before increasing again from 2018 to 2022. The highest amount of direct premiums written was $41,127,000 in 2022. The lowest was $33,340,000 in 2018. This represents a decrease of 19% from 2015 to 2018, followed by an increase of 23% from 2018 to 2022.

Direct premiums earned followed a similar pattern, with the highest amount being $39,230,000 in 2021 and the lowest being $33,960,000 in 2018. The largest year-over-year decrease for direct premiums written was from 2016 to 2017, when it declined by $3,105,000 or 8.3% (from $37,498,000 to $34,393,000). The largest increase was from 2021 to 2022, when direct premiums written grew by $4,488,000 or 11.6% (from $38,639,000 to $41,127,000).

Loss Ratios for Product Liability

The loss ratio data for Products Liability in Kansas presents a notable trend over the years. The highest loss ratio was recorded in 2015 at 85.89%, followed by a decline to 62.45% in 2016 and 53.9% in 2017.

However, there was a surge to 67.32% in 2018, but the ratio fell again to 53.07% in 2019 and marginally increased to 55.38% in 2020. The year 2021 witnessed another hike in the loss ratio to 67.16%. Interestingly, a substantial drop to 40.42% was observed in 2022, marking the lowest rate in the given period.

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 Kansas increased overall from 2015 to 2022. The lowest amount of direct premiums written was $1,656,615,000 in 2015. This steadily increased each year, with the exception of 2020 which saw a slight decrease to $1,962,521,000 from $2,003,896,000 in 2019.

The highest amount of direct premiums written was $2,197,470,000 in 2022. This represents an increase of over 32% from 2015 to 2022. Similarly, direct premiums earned started at $1,631,910,000 in 2015 and ended at $2,138,799,000 in 2022, an increase of over 31%. The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $1,419,641,000 or 6.9% (from $2,057,829,000 to $2,197,470,000). The smallest year-over-year increase was just 0.8%, from $1,725,608,000 in 2016 to $1,748,756,000 in 2017.

Loss Ratios for Private Passenger Auto

The loss ratio data for Private Passenger Auto Total in Kansas provides insightful observations across the studied years. The loss ratios showed considerable variation, hitting a peak of 72.54% in 2022 from a low of 53.01% in 2020. The sharp increase in 2022 is noteworthy and could be due to multiple factors needing further exploration.

The data also reveals a temporary decline in loss ratios from 2017 to 2020, with the lowest rate in this period in 2020. However, the years 2021 and 2022 saw an unexpected increase, with 2022 recording the highest loss ratio of 72.54%. The years 2015 to 2019 presented relatively consistent loss ratios, with a minor peak of 66.72% in 2016.

Direct and Earned Premiums for Commercial Auto

The data shows that direct premiums written and direct premiums earned for commercial auto liability insurance in Kansas increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $301,334,000 in 2015. The highest amount was $483,415,000 in 2022. This represents an increase of over 60% 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 2020 to 2021, when it grew by $52,174,000 or 12.7% (from $409,823,000 to $451,997,000). The smallest year-over-year increase was 6.6%, from $333,580,000 in 2017 to $355,593,000 in 2018.

For direct premiums earned, the largest year-over-year increase was also from 2020 to 2021, growing by $34,770,000 or 8.7% (from $401,200,000 to $435,970,000). The smallest increase was 2.8%, from $322,881,000 in 2017 to $346,288,000 in 2018.

Loss Ratios for Commercial Auto

The loss ratio data for Commercial Auto Total in Kansas from 2015 to 2022 displays a clear trend with minor fluctuations. The loss ratios began at 61.73% in 2015, marginally increased to 62.51% in 2016, then gradually declined to a low of 54.44% in 2021. However, 2022 broke the trend with a significant increase, reaching 62.92%, the highest loss ratio in this period.

Direct and Earned Premiums for Aircraft

The data shows that direct premiums written and earned for aircraft insurance in Kansas increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $17,732,000 in 2015. This increased each year, reaching $34,114,000 in 2022 - nearly doubling over the 8 year period.

Direct premiums earned followed a similar trajectory, starting at $18,351,000 in 2015 and ending at $31,715,000 in 2022. This represents a 73% increase over the time period. The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $4,736,000 or 16.1% (from $29,378,000 to $34,114,000).

The smallest increase was just 2.6% between 2016 and 2017 ($195,850,000 to $188,800,000). For direct premiums earned, the biggest jump was also from 2021 to 2022 - a 15.5% increase from $27,462,000 to $31,715,000. The smallest increase was only 1.8% from 2016 to 2017.

Loss Ratios for Aircraft

The loss ratio data for Aircraft insurance in Kansas displays notable fluctuations across the years. From 2015 to 2016, there is a significant decline in loss ratios, dropping from 98.08% to 35.66%. This trend reverses in 2017 with a sharp increase to 76.5%, followed by a decrease to 48.11% in 2018, and a slight drop to 46.69% in 2019.

A major improvement is observed in 2020 when the loss ratio substantially decreases to 17.77%. However, the loss ratio rebounds to a high of 78.78% in 2021 before decreasing to 42.69% in 2022. 

Direct and Earned Premiums for Fidelity

The data shows that direct premiums written and direct premiums earned for fidelity insurance in Kansas fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $10,394,000 in 2018, while the highest was $12,551,000 in 2022.

Direct premiums earned followed a similar pattern, with the lowest amount being $10,928,000 in 2018 and the highest being $12,125,000 in 2021. Overall, direct premiums written increased from $11,951,000 in 2015 to $12,551,000 in 2022, representing a 5% increase over the 8 year period. Direct premiums earned grew at a slightly slower pace, increasing from $11,822,000 in 2015 to $11,988,000 in 2022, a 1.4% increase.

The largest year-over-year increase in direct premiums written was from 2018 to 2019, when it grew by 8.3% from $10,394,000 to $11,262,000. The smallest year-over-year increase was just 0.3% between 2020 and 2021. For direct premiums earned, the biggest jump was the 8.9% increase seen from 2018 to 2019, while the smallest was the 0.5% increase from 2016 to 2017.

Loss Ratios for Fidelity

The Fidelity loss ratio data for Kansas shows pronounced fluctuations from 2015 to 2022. The loss ratio began at 30.28% in 2015, dipped to a low of 26.31% in 2016, and then escalated to a peak of 36.32% in 2018.

The year 2019 saw a dramatic decrease, with the loss ratio plunging to 16.02%. The loss ratio rebounded to 30.14% in 2020 before moderating to 24.89% in 2021. However, the ratio again fell to 14.46% in 2022, the lowest in the observed period.

Direct and Earned Premiums for Surety

The data shows that direct premiums written and direct premiums earned for surety insurance in Kansas fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $43,088,000 in 2017, while the highest was $58,879,000 in 2022.

Direct premiums written increased overall during the period, with the largest year-over-year increase occurring between 2021 and 2022, when direct premiums written grew by $7,217,000 or 14%. Direct premiums earned followed a similar pattern, ranging from a low of $46,200,000 in 2018 to a high of $52,628,000 in 2022. The biggest year-over-year jump in direct premiums earned was between 2015 and 2016, increasing by $22,259,000 or 43.9% (from $50,724,000 to $52,983,000).

In most years, direct premiums earned lagged slightly behind direct premiums written. The gap between the two metrics was smallest in 2018 when direct premiums written exceeded direct premiums earned by only $415,000. The largest gap was in 2016 when direct premiums written were $48,402,000 while direct premiums earned totaled $52,983,000.

Loss Ratios for Surety

Analysis of the loss ratio data for Surety in Kansas over the past eight years reveals some interesting patterns. Data fluctuated widely, with a low of 2.25% in 2017 and a peak of 33.21% in 2018.

A drop to 7.4% in 2019 indicates a swift recovery. In the subsequent years, loss ratios remained somewhat volatile but less drastic, ranging from 11.89% in 2021 to 26.6% in 2022.

Direct and Earned Premiums for Warranty

The data shows that direct premiums written and direct premiums earned for warranty insurance in Kansas increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $145,332,000 in 2015. This increased each year, with the highest amount being $212,842,000 in 2022. This represents an overall increase of 46% over the 8 year period.

Direct premiums earned followed a similar upward trend, starting at $108,662,000 in 2015 and reaching $188,166,000 in 2022, a 73% increase. The largest year-over-year increase in direct premiums written was from 2019 to 2020, when it grew by $21,472,000 or 10.9% (from $197,308,000 to $175,880,000).

The smallest increase was just 2.9% from $161,653,000 in 2017 to $178,465,000 in 2018. For direct premiums earned, the biggest jump was 25.1% from 2020 to 2021, increasing from $167,943,000 to $174,107,000. The smallest increase was 3.8% from 2016 to 2017.

Loss Ratios for Warranty

The loss ratio data for Warranty in Kansas displays varying trends over the years. The loss ratio steadily increased from 41.84% in 2015 to a peak of 45.6% in 2018. However, a slight decline was observed in 2019 and 2020, with the loss ratio dropping to 44.71% and 44.13%, respectively.

This downward trend intensified in 2021, with the loss ratio falling significantly to 38.4%, the lowest observed within the period. The following year, 2022, witnessed an uptick to 42.75%, which, while higher than the previous year, remained lower than the peak of 2018.