Market Trends

Direct and Earned Premiums for Fire

The data shows that direct premiums written and earned for fire insurance in Louisiana fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $337,373,000 in 2015. This increased to $344,208,000 in 2016 before dropping slightly to $339,721,000 in 2017.

Direct premiums written then increased each year from 2018 to 2022. The highest amount was $578,887,000 in 2022, which represents an increase of over 70% from the 2015 amount. Similarly, direct premiums earned started at $339,986,000 in 2015, dropped to $332,321,000 in 2016, and then fluctuated between $331,950,000 and $373,947,000 between 2017 and 2020.

The highest direct premiums earned was $502,879,000 in 2022, representing a 48% increase from 2015. The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $123,808,000 or 27%.

The smallest year-over-year increase was 1.4% between 2016 and 2017. For direct premiums earned, the largest increase was 20.2% from 2021 to 2022, while the smallest was a 0.4% decrease from 2015 to 2016.

Loss Ratios for Fire

The Fire loss ratio data in Louisiana offers insightful observations across the examined period. The ratios demonstrate substantial variation, with the lowest at 27.52% in 2017 and peaking dramatically at 344.17% in 2021.

Between 2015 to 2019, the loss ratios steadily increased from 40.79% to 34.58%, suggesting a gradual increase in claims compared to earned premiums. However, the year 2020 marked a significant shift with the loss ratio skyrocketing to 255.15%, indicating a substantial hike in claim payouts.

This trend continued into 2021, with a further increase to 344.17%, the highest recorded in this period. This suggests an exceptionally challenging period for insurers, with claims vastly exceeding premiums. In 2022, there was a significant decrease in loss ratio to 118.98%, yet it remained significantly higher than the ratios seen in 2015-2019.

Direct and Earned Premiums for Allied Lines

The data shows that direct premiums written and direct premiums earned for allied lines insurance in Louisiana fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $415,109,000 in 2017, while the highest was $923,737,000 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 $331,071,000 or 55.9% (from $592,666,000 to $923,737,000).

Direct premiums earned followed a similar pattern to direct premiums written, with the lowest amount being $420,666,000 in 2017 and the highest being $742,830,000 in 2022. The largest year-over-year increase for direct premiums earned was between 2021 and 2022, growing by $190,487,000 or 34.5% (from $552,343,000 to $742,830,000).

Loss Ratios for Allied Lines

The loss ratio data for Allied Lines in Louisiana demonstrates notable trends and fluctuations from 2015 to 2022. The early years, 2015 to 2018, experienced relatively lower loss ratios, with the lowest at 15.5% in 2015 and a peak of 62.32% in 2016.

During this period, the figures remained mostly under 25%, except for the temporary spike in 2016. A significant increase is observed in 2019, with the loss ratio reaching 44.1%. However, the most striking change occurs in 2020 and 2021, with exceptionally high loss ratios of 405.78% and 589.24%, respectively.

These values indicate substantial financial stress on the insurers during this period. In contrast, the loss ratio percentage drops dramatically in 2022, settling at 33.84%. This sudden decline suggests a potential recovery or stabilization in the Allied Lines market within Louisiana.

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 Louisiana fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $71,541,000 in 2016, while the highest was $154,388,000 in 2022.

Direct premiums written increased overall during the time period, with the largest year-over-year increase occurring between 2020 and 2021, when direct premiums written grew by $38,950,000 or 43.3% (from $90,046,000 to $128,996,000).

Similarly, direct premiums earned were lowest in 2016 at $69,180,000 and highest in 2022 at $158,651,000. The biggest year-over-year jump for direct premiums earned was also between 2020 and 2021, increasing by $29,210,000 or 32.8% (from $88,986,000 to $118,196,000).

Loss Ratios for Multi-Peril Crop

The loss ratio data for Federal Multi-Peril Crop insurance in Louisiana exposes intriguing trends from 2015 to 2022. In 2015, the loss ratio stood at 96.28%, rising dramatically to 150.33% in 2016. A significant decrease was observed in 2017, with the ratio dropping to 54.69%.

However, it increased again to 86.18% in 2018. The most remarkable surge happened in 2019, with the ratio peaking at 165.93%, followed by a slightly lower ratio of 157.36% in 2020. The subsequent years saw a reduction, with 107.98% in 2021 and 89.93% in 2022.

Direct and Earned Premiums for Federal Flood

The data shows that direct premiums written for federal flood insurance in Louisiana fluctuated between 2011 and 2022. The lowest amount of direct premiums written was $221,062,000 in 2018. The highest amount was $283,806,000 in 2021.

Direct premiums earned followed a similar pattern, with the lowest amount being $228,979,000 in 2018 and the highest being $277,004,000 in 2021. Looking more closely at the data:

Direct premiums written decreased from $255,937,000 in 2015 to $252,369,000 in 2016 before increasing again in 2017 to $253,136,000.

There was a significant drop of 13.5% in direct premiums written from 2017 to 2018, going from $253,136,000 down to $221,062,000. Direct premiums written then rebounded with increases of 14.7% from 2018 to 2019 and 6.3% from 2019 to 2020. The largest year-over-year increase was 15.7% between 2020 and 2021, when direct premiums written grew from $267,319,000 to $283,806,000.

Direct premiums earned followed a similar pattern to direct premiums written over the years, with a one year lag as policies earned premiums. - The most recent data shows a 8.6% decrease in direct premiums written from 2021 to 2022, dropping from the peak of $283,806,000 down to $259,323,000.

Loss Ratios for Federal Flood

The loss ratio data for Federal Flood insurance in Louisiana demonstrates remarkable variations throughout the years. In 2016, the loss ratio peaked at an astonishing 804.86%, significantly higher compared to the other years.

Following this spike, a decline occurred with 34.86% in 2017 and a further drop to 10.79% in 2018. However, the loss ratios started increasing again, reaching 32.29% in 2019 and 49.82% in 2020. A substantial surge became evident in 2021, with the loss ratio jumping to 262.24%. This escalation indicates a considerable contrast to the initial 4.29% in 2015.

While it is not possible to speculate on the exact causes of these fluctuations without additional information, the data suggests a pattern of inconsistency in the Federal Flood insurance loss ratios in Louisiana. This inconsistency ranges from moderate percentages like 34.86% in 2017 to exceedingly high values such as 804.86% in 2016 and 262.24% in 2021.

Direct and Earned Premiums for Private Crop

The data shows that direct premiums written and direct premiums earned for private crop insurance in Louisiana increased substantially from 2015 to 2022.

The lowest amount of direct premiums written was $1,890,000 in 2015. This increased each year, with the exception of a slight decrease from $3,707,000 in 2017 to $3,478,000 in 2018. The highest amount of direct premiums written was $5,803,000 in 2021. This represents an over 200% increase from 2015 to 2021. The direct premiums earned followed a very similar pattern to the direct premiums written over the 8 year period.

The lowest amount was $1,885,000 in 2015, while the highest was $5,856,000 in 2021. This also represents an over 200% increase. The largest year-over-year increase for direct premiums written was from 2019 to 2020, when it grew by $729,000 or 15.7% (from $4,651,000 to $4,194,000). The smallest year-over-year increase was just 2.9%, from $3,092,000 in 2016 to $3,178,000 in 2017.

Loss Ratios for Private Crop

The Private Crop loss ratio data in Louisiana from 2015 to 2022 reveals a significant variation. The loss ratio reached its peak in 2016 at 312.48%, while the lowest figure was recorded in 2022 at 105.8%. Between 2016 and 2018, there was a drastic reduction from 312.48% to 167.82%, marking the most significant decrease across the observed period.

However, this was followed by an increase to 217.79% in 2019 and a substantial jump to 394.82% in 2020. The years 2021 and 2022, however, demonstrated a consistent decline in loss ratios, with rates of 127.75% and 105.8% respectively.

Direct and Earned Premiums for Private Flood

The data shows that direct premiums written and earned for private flood insurance in Louisiana increased substantially from 2016 to 2022.

The lowest amount of direct premiums written was $11,495,000 in 2016. This steadily increased each year, with the highest amount being $28,920,000 in 2022. This represents an increase of over 150% over the 7 year period.

Direct premiums earned followed a similar upward trend, starting at $7,583,000 in 2016 and reaching $27,416,000 in 2022. This is an increase of over 260% in earned premiums. The largest year-over-year increase in direct premiums written was from 2020 to 2021, when it grew by $5,896,000 or 31% (from $19,012,000 to $24,978,000). The smallest increase was just 3.2% from 2018 to 2019 ($205,190,000 to $146,650,000).

For direct premiums earned, the biggest jump was from 2016 to 2017, increasing by $10,805,000 or 142% ($7,583,000 to $18,388,000). The smallest increase was under 1% from 2019 to 2020 ($14,162,000 to $17,268,000).

Loss Ratios for Private Flood

The Private Flood loss ratio percentage in Louisiana presents fluctuating patterns over the observed years. An extraordinarily high ratio of 432.24% was recorded in 2016, which dramatically dropped to 74.85% in 2017. Data for 2018 is absent, making trend analysis between 2017 and 2019 challenging. However, in 2019 and 2020, the loss ratios were similar, standing at 20.74% and 20.18% respectively, indicating a period of stability.

A substantial increase is seen in 2021, with the loss ratio jumping to 66.17%, more than three times the previous year's figure. Interestingly, 2022 registers the lowest ratio at 10.73%, a significant decrease compared to all preceding years.

Direct and Earned Premiums for Farmowners Multiple Peril

The data shows that direct premiums written and earned for farmowners multiple peril insurance in Louisiana fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $13,541,000 in 2015. This increased to $16,075,000 in 2022, representing an overall increase of 18.8% over the 8 year period.

Direct premiums written increased from 2015 to 2016, decreased slightly from 2016 to 2017, then increased steadily from 2017 to 2022. The largest year-over-year increase in direct premiums written was 9.3%, from $14,913,000 in 2018 to $16,628,000 in 2019.

Direct premiums earned followed a similar pattern to direct premiums written over the time period. The lowest amount was $13,375,000 in 2015, increasing to $15,539,000 in 2022 - an overall increase of 16.2%. The largest year-over-year increase in direct premiums earned was 10.4%, from $13,758,000 in 2017 to $15,313,000 in 2019.

Loss Ratios for Farmowners Multiple Peril

The loss ratio data for Farmowners Multiple Peril in Louisiana presents intriguing patterns over the given years. Between 2015 and 2019, the loss ratios exhibited a gradual increase, rising from 31.04% in 2015 to 53.53% in 2019. However, a notable spike is seen in 2020, when the loss ratio surged dramatically to 250.14%.

This sudden rise was followed by a slight decrease in 2021 to 205.61%, still significantly higher than the preceding years. In contrast, 2022 signals a dramatic decrease, with the loss ratio plunging to 19.58%. This data suggests a trend of overall increase from 2015 to 2021, followed by a sharp decline in 2022.

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 Louisiana increased overall from 2015 to 2022.

The lowest amount of direct premiums written was $1,851,819,000 in 2015. This increased each year, with the highest amount being $2,465,800,000 in 2022. This represents an increase of 33% over the 8 year period. Direct premiums earned followed a similar pattern, starting at $1,825,199,000 in 2015 and reaching $2,160,690,000 in 2022, a 18% increase.

The largest year-over-year increase for direct premiums written was from 2021 to 2022, when it grew by $354,448,000 or 17%. The smallest increase was 1% between 2016 and 2017. For direct premiums earned, the biggest jump was from 2020 to 2021, increasing by $108,130,000 or 5%. The smallest increase was 0.3% between 2015 and 2016.

Loss Ratios for Homeowners Multiple Peril

The loss ratio data for Homeowners Multiple Peril in Louisiana shows significant fluctuations throughout the years 2015 to 2022. The loss ratio in 2015 was relatively low at 28.59%, with a moderate increase to 38.27% in 2016. A slight decrease was observed in 2017 with 33.29%, followed by a slight rise to 34.93% in 2018. A somewhat larger increase was seen in 2019, reaching 43.76%.

However, the most notable shift occurred between 2019 and 2020, where the loss ratio escalated dramatically to 248.97%. This trend continued into 2021, where it peaked at an unprecedented 407.25%. In contrast, the loss ratio in 2022 returned to a more typical level, falling to 39.9%.

Direct and Earned Premiums for Commercial Multiple Peril

The data shows that direct premiums written for commercial multiple peril insurance in Louisiana fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $494,649,000 in 2017. The highest amount was $695,381,000 in 2022. This represents an increase of over 40% from the low point in 2017 to 2022. The direct premiums written decreased from 2015 to 2017, going from $530,484,000 in 2015 down to $494,649,000 in 2017.

This was a drop of 6.7% over those two years. After 2017, direct premiums written increased each year through 2022. The largest year-over-year increase was from 2020 to 2021, when direct premiums written grew by $28,041,000 or 5.0% (from $563,314,000 to $590,355,000). The smallest year-over-year increase was just 0.2%, from $495,695,000 in 2018 to $496,514,000 in 2019.

The direct premiums earned followed a similar pattern to the direct premiums written, with a low of $498,991,000 in 2017 and a high of $650,302,000 in 2022. This was an increase of 30.3% from 2017 to 2022. The largest year-over-year increase in direct premiums earned was also from 2020 to 2021, growing by $17,231,000 or 3.1% (from $549,127,000 to $566,358,000).

Loss Ratios for Commercial Multiple Peril

The data for Commercial Multiple Peril in Louisiana exhibits significant variation over the years. Loss ratios rose from 31.17% in 2015 to a peak of 68.03% in 2016, before falling to 27.53% in 2017. A moderate increase was observed in subsequent years, reaching 47.48% in 2019.

However, a drastic surge occurred in 2020, with the loss ratio skyrocketing to an unprecedented 236.0%. This surge continued into 2021, producing the highest loss ratio of 344.08%, an increase of over 108% from the previous year. Interestingly, there was a significant drop to 63.75% in 2022, a decrease of over 280% from the previous year's ratio.

Direct and Earned Premiums for Mortgage Guaranty

The data shows that direct premiums written and direct premiums earned for mortgage guaranty insurance in Louisiana fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $60,806,000 in 2015. This increased to $66,096,000 in 2020, before decreasing slightly to $63,413,000 in 2022.

Direct premiums earned followed a similar pattern, starting at $58,059,000 in 2015, peaking at $67,595,000 in 2020, and ending at $66,154,000 in 2022. The largest year-over-year increase in direct premiums written was from 2019 to 2020, when it grew by $1,991,000 or 3.1% (from $64,105,000 to $66,096,000).

The largest increase in direct premiums earned was also from 2019 to 2020, growing by $2,172,000 or 3.3% (from $65,423,000 to $67,595,000). The smallest year-over-year increase for direct premiums written was 1.0% from 2016 to 2017 (from $60,853,000 to $60,685,000). For direct premiums earned, the smallest increase was also 1.0%, from 2017 to 2018 (from $59,973,000 to $60,816,000).

Loss Ratios for Mortgage Guaranty

The loss ratio data for Mortgage Guaranty in Louisiana has shown intriguing fluctuations between 2015 and 2022. The data reveals significant swings, with a low point of 3.92% in 2018 and a peak of 41.13% in 2020. In 2015, the loss ratio was 14.67%, which rose sharply to 39.26% in 2016. It then dropped drastically in 2017, reaching 12.66%.

The following year, 2018, saw the lowest loss ratio at 3.92%, but it subsequently increased to 13.21% in 2019. In 2020, the loss ratios escalated sharply to the highest point of 41.13%. In the subsequent years, 2021 and 2022, the loss ratios have shown some stability, at 28.27% and an estimated similar range respectively.

Direct and Earned Premiums for Ocean Marine

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

The lowest amount of direct premiums written was $138,281,000 in 2017, while the highest was $171,832,000 in 2022. Direct premiums written decreased from $185,278,000 in 2015 to $138,281,000 in 2017, representing a 25% drop over that period.

After hitting this low point in 2017, direct premiums written then increased each year from 2018 to 2022. The largest year-over-year increase was from 2021 to 2022, when direct premiums written grew by $16,133,000 or 10.4% (from $155,699,000 to $171,832,000). Similarly, direct premiums earned hit a low of $146,948,000 in 2017 before rebounding.

The trends in direct premiums earned generally mirrored the trends in direct premiums written, with decreases from 2015 to 2017 followed by increases from 2018 to 2022. The largest difference between direct premiums written and earned occurred in 2015, when direct premiums earned were $195,618,000, $13,140,000 lower than the $185,278,000 in direct premiums written for that year.

Loss Ratios for Ocean Marine

The Louisiana Ocean Marine loss ratio data highlights notable trends and fluctuations over the years.

The loss ratios demonstrate considerable volatility, with values ranging from 31.45% in 2015 to 122.24% in 2021. Between 2015 and 2016, there is a significant increase in the loss ratio from 31.45% to 65.39%, followed by a decrease to 50.98% in 2017. The upward trend resumes in 2018 and 2019, with loss ratios of 66.37% and 68.76%, respectively.

The most substantial year-over-year change occurs between 2019 and 2020, with the loss ratio surging to 83.45%. A remarkable peak is observed in 2021, with the loss ratio reaching 122.24%, the highest value in the dataset. However, a substantial decline is seen in 2022, with the loss ratio dropping to 61.05%.

Direct and Earned Premiums for Inland Marine

The data shows that direct premiums written and direct premiums earned for inland marine insurance in Louisiana increased steadily from 2016 to 2022.

The lowest amount of direct premiums written was $406,170,000 in 2016. This increased each year, with the highest amount being $583,061,000 in 2022. This represents an increase of over 43% from 2016 to 2022. Similarly, the lowest amount of direct premiums earned was $421,295,000 in 2016. This also increased each year, with the highest amount being $545,750,000 in 2022. This is a 29% increase over the period.

The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $69,261,000 or 13.5% (from $513,800,000 to $583,061,000). The smallest year-over-year increase was 2.7%, from $459,192,000 in 2019 to $469,927,000 in 2020. For direct premiums earned, the largest increase was 15.1% from 2021 to 2022, growing from $489,039,000 to $545,750,000. The smallest increase was 1.7% from 2016 to 2017.

Loss Ratios for Inland Marine

The loss ratio data for Inland Marine insurance in Louisiana showcases some interesting patterns and fluctuations over the years. A significant decrease in the loss ratio is observed from 68.12% in 2016 to 42.07% in 2018, indicating a drop of 26.05 percentage points.

However, the subsequent years exhibit a sharp increase in the loss ratio, with 2019 recording 47.22% followed by a drastic rise to 79.94% in 2020 and a near-identical 80.1% in 2021. Notably, the highest loss ratio of 80.1% occurred in 2021, which is nearly double the lowest loss ratio of 40.82% recorded in 2022.

Direct and Earned Premiums for Financial Guaranty

The data shows that direct premiums written and direct premiums earned for financial guaranty insurance in Louisiana fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $1,578,000 in 2022, while the highest was $9,068,000 in 2021.

For direct premiums earned, the lowest amount was $3,174,000 in 2020 and the highest was $23,811,000 in 2015. Looking more closely, direct premiums written decreased each year from 2015 to 2018, going from $7,006,000 down to $4,524,000. This represents a 35% decrease over the 4 year period. The largest year-over-year decrease was from 2016 to 2017, when direct premiums written fell by $2,441,000 or 43%.

After hitting the low point in 2018, direct premiums written then increased each year from 2019 to 2021, before dropping again in 2022. The biggest year-over-year increase was from 2020 to 2021, when direct premiums written grew by $8,201,000 or 145% (from $867,000 to $9,068,000). For direct premiums earned, the general trend was a steady decline from 2015 to 2020, going from $23,811,000 down to $3,174,000.

This represents an 87% decrease over the 6 year period. The largest year-over-year drop was from 2017 to 2018, when direct premiums earned fell by $10,692,000 or 62%. After hitting the low in 2020, direct premiums earned then rebounded to $10,714,000 in 2021 before falling again in 2022.

Loss Ratios for Financial Guaranty

The analysis of loss ratio data for Financial Guaranty in Louisiana 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 Louisiana fluctuated between 2015 and 2022.

The lowest amount of direct premiums written was $94037000 in 2017. The highest amount was $116076000 in 2022. This represents an increase of over 23% from the low point in 2017 to the high point in 2022.

Direct premiums written decreased from $102058000 in 2015 to $94037000 in 2017, 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 $13547000 or 12.5% (from $108529000 to $116076000).

The trends for direct premiums earned are similar. The lowest amount was $93648000 in 2017 and the highest was $115472000 in 2022, representing a 23% increase. Direct premiums earned decreased from 2015 to 2017, before increasing each year from 2017 to 2022. The largest year-over-year increase was also from 2021 to 2022, when direct premiums earned grew by $12125000 or 11.3% (from $107347000 to $115472000).

Loss Ratios for Medical Professional Liability

The Louisiana Medical Professional Liability loss ratio data from 2015 to 2022 highlights intriguing patterns and variances. Loss ratios fluctuated significantly, reaching a peak of 30.56% in 2021 from a low of 5.79% in 2020, indicating a substantial increase in claim costs compared to premiums collected.

The comparative steadiness between 2015 and 2019, with loss ratios ranging from 11.03% to 17.35%, was disrupted by a sharp decline in 2020. This was followed by an unprecedented surge in 2021, suggesting a shift in the loss experience trend. In 2022, there was a slight decrease to 26.22%.

Direct and Earned Premiums for Earthquake

The data shows that direct premiums written and direct premiums earned for earthquake insurance in Louisiana fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $5,354,000 in 2016. The highest was $7,723,000 in 2022.

Direct premiums earned followed a similar pattern, with the lowest being $5,461,000 in 2016 and the highest being $6,773,000 in 2021. Overall, direct premiums written increased from $6,262,000 in 2015 to $7,723,000 in 2022, representing a 23% increase over the 8 year period.

Direct premiums earned grew at a slower pace, increasing from $6,574,000 in 2015 to $6,829,000 in 2022, a 4% increase. The largest year-over-year increase in direct premiums written was from 2016 to 2017, when it grew by $2,479,000 or 46% (from $5,354,000 to $6,283,000).

The smallest increase was just 2% between 2020 and 2021 (from $5,818,000 to $5,934,000). For direct premiums earned, the biggest jump was 15% between 2017 and 2018 (from $5,933,000 to $8,506,000) while the smallest was a 1% increase between 2019 and 2020.

Loss Ratios for Earthquake

The Earthquake insurance loss ratio in Louisiana shows interesting swings over the examined years. There's no recorded data for 2015 and 2016, but the ratio starts at 5.59% in 2017, dropping to 2.49% in 2018 and further decreasing to 1.99% in 2019.

This downward trend dramatically reverses in 2020, when the loss ratio spikes to 13.8%, a seven-fold increase from the previous year. This upward trend continues into 2021, with the loss ratio rising to 16.44%. The loss ratio for 2022 isn't available.

Direct and Earned Premiums for Workers Compensation

The data shows that direct premiums written and direct premiums earned for workers compensation insurance in Louisiana fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $77,655,000 in 2020. The highest was $87,483,000 in 2022.

This represents an increase of nearly 13% from the low in 2020 to the high in 2022. Direct premiums written decreased from $834,136,000 in 2015 to $813,831,000 in 2016, a drop of 2.4%. It then decreased again in 2017 to $798,029,000, down 1.9% from 2016. In 2018, direct premiums written increased to $821,351,000, up 2.9% from 2017. There was another increase in 2019 to $828,581,000, a 0.9% increase.

The largest year-over-year decrease was from 2019 to 2020, when direct premiums written declined 6.3% from $828,581,000 to $776,655,000. The largest increase was from 2021 to 2022 at 8.7%, from $804,973,000 to $874,834,000. The trends for direct premiums earned are similar, with the lowest amount being $781,911,000 in 2020 and the highest $867,318,000 in 2022.

Loss Ratios for Workers Compensation

The Workers Compensation loss ratio data in Louisiana exhibits interesting patterns and variations over the years. Between 2015 and 2017, there was a steady decrease in loss ratios, with values falling from 51.76% in 2015 to 45.67% in 2017. This downward trend was briefly interrupted in 2018, when the loss ratio climbed to 47.43%, and continued to rise in 2019, reaching 48.65%.

However, the most striking change occurred between 2019 and 2021, with the loss ratio surging to 50.52% in 2020 before plummeting to 35.28% in 2021, marking its lowest point in the observed period. This decline persisted into 2022, albeit at a slower rate, with the loss ratio registering at 36.28%.

Direct and Earned Premiums for Product Liability

The data shows that direct premiums written and direct premiums earned for products liability insurance in Louisiana fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $38,110,000 in 2016. The highest amount was $53,101,000 in 2022.

Direct premiums written decreased from $44,140,000 in 2015 to $38,110,000 in 2016, before increasing again in 2017 to $40,524,000. There was a steady increase from 2018 to 2021, going from $41,828,000 in 2018 to $45,936,000 in 2021. The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $7,165,000 or 15.6% (from $45,936,000 to $53,101,000).

The direct premiums earned followed a similar pattern to the direct premiums written, but lagged behind by a year in some cases. The lowest amount of direct premiums earned was $39,940,000 in 2016, while the highest was $50,711,000 in 2022. The largest year-over-year increase in direct premiums earned was also from 2021 to 2022, when it grew by $6,382,000 or 14.1% (from $45,329,000 to $50,711,000).

Loss Ratios for Product Liability

The Products Liability Loss Ratio in Louisiana displays considerable fluctuation from 2015 to 2022. The loss ratio in 2015 stands at 33.07%, followed by an undisclosed figure for 2016 and 2017. In 2018, there is a slight uptick to 35.66%.

A remarkable spike is observed in 2019 with a loss ratio of 139.41%, the highest in the period. However, a drastic decline to 6.46% in 2020 follows this peak. The years 2021 and 2022 witness a rebound with ratios of 53.8% and 92.38%, respectively.

Direct and Earned Premiums for Private Passenger Auto

The data shows that direct premiums written and direct premiums earned for private passenger auto insurance in Louisiana increased overall from 2015 to 2022, with some fluctuations.

The lowest amount of direct premiums written was $3,807,393,000 in 2015. This increased to $4,963,963,000 in 2022, representing an overall increase of 30.4% over the 8 year period. The lowest amount of direct premiums earned was $3,743,889,000 in 2015. This increased to $4,899,950,000 in 2022, representing an overall increase of 30.9%.

Direct premiums written increased each year from 2015 to 2019, with the largest year-over-year increase of 9.2% occurring from 2016 ($4,136,224,000) to 2017 ($4,506,183,000).

Direct premiums written fell 2.9% from 2019 ($4,887,096,000) to 2020 ($4,748,431,000), before rebounding 4.7% from 2020 to 2021 ($4,834,130,000). In 2022, direct premiums written surpassed pre-pandemic levels, increasing 12.5% from 2021. This $49.6 million increase was the largest year-over-year increase over the period analyzed. The trends for direct premiums earned are similar, with the largest year-over-year increase of 8.7% occurring from 2016 to 2017.

Loss Ratios for Private Passenger Auto

The Louisiana Private Passenger Auto Total line of business has displayed dynamic loss ratio percentages from 2015 to 2022. A peak is observed in 2016 at 92.43%, the highest in the period.

This is followed by a steady decline from 2017 to 2020, with 58.79% as the lowest point in 2020. However, an upward shift is noted in 2021 and 2022, with loss ratios of 75.9% and 74.99% respectively.

Direct and Earned Premiums for Commercial Auto

The data shows that direct premiums written and direct premiums earned for commercial auto liability insurance in Louisiana increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $652,722,000 in 2015.

By 2022, this had increased to $1,050,778,000, representing an overall increase of 61% over the 8 year period. Direct premiums earned followed a similar upward trend, growing from $639,977,000 in 2015 to $1,023,714,000 in 2022 - a 60% increase. Looking year-over-year, the largest increase in direct premiums written was from 2020 to 2021, when it grew by $129,649,000 or 15.1% (from $858,660,000 to $988,509,000).

The smallest year-over-year growth was 1.1% between 2015 and 2016 ($652,722,000 to $654,427,000). For direct premiums earned, the biggest jump was also from 2020 to 2021, increasing by $133,373,000 or 15.9% (from $838,814,000 to $922,187,000). The smallest increase was 1.5% from 2016 to 2017 ($649,208,000 to $677,505,000).

Loss Ratios for Commercial Auto

Louisiana's Commercial Auto Total loss ratio data from 2015 to 2022 showcases interesting trends. The loss ratios demonstrate considerable variability, from a peak of 93.83% in 2018, to a low of 77.63% in 2022. The 2018 peak is particularly noteworthy, showing a substantial increase from the 83.59% in 2017. This surge was followed by a decline to 89.16% in 2019.

From 2019 to 2022, the data reveals a consistent downward trend, with annual loss ratios decreasing successively to 82.17%, 79.2%, and 77.63%. Compared to the earlier years, 2015 and 2016 showed a more stable pattern with 84.61% and 88.49% respectively, indicating less volatility in the loss ratios.

Direct and Earned Premiums for Aircraft

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

The lowest amount of direct premiums written was $32,739,000 in 2016, while the highest was $50,863,000 in 2022. Direct premiums earned followed a similar pattern, with the lowest amount being $36,617,000 in 2016 and the highest being $48,532,000 in 2022. Looking more closely at the data:

Direct premiums written decreased from $44,951,000 in 2015 to $32,739,000 in 2016, a 27% drop. Premiums then rebounded in 2017 to $42,937,000. The largest year-over-year increase in direct premiums written was from 2020 to 2021, when premiums grew by $6,655,000 or 13.8% (from $48,233,000 to $48,988,000).

Direct premiums earned generally followed the same pattern as direct premiums written, but lagged by one year. For example, the 27% drop in direct premiums written from 2015 to 2016 was reflected in direct premiums earned decreasing from $47,581,000 in 2015 to $36,617,000 in 2016.

Loss Ratios for Aircraft

The loss ratio data for Aircraft Insurance in Louisiana displays significant variation over the observed period. In 2015, the loss ratio stood at 38.82%, which increased sharply to 65.45% in 2016. A slight decrease was observed in 2017 with a figure of 58.87%. The ratio further dipped to 44.55% in 2018.

However, in 2019, a rise to 50.52% was noted, marking a subtle shift in trend. A striking anomaly in the data is the surge to 109.69% in 2020, the highest in the period, indicating that the losses exceeded premiums. Post this unusual spike, the loss ratios dropped to 48.51% and 44.8% in 2021 and 2022 respectively.

Direct and Earned Premiums for Fidelity

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

The lowest amount of direct premiums written was $12,082,000 in 2020. The highest was $14,640,000 in 2022. Direct premiums earned followed a similar pattern, with the lowest being $12,978,000 in 2020 and the highest being $13,830,000 in 2022.

Overall, direct premiums written increased from $13,635,000 in 2015 to $14,640,000 in 2022, representing an increase of 7.4% over the 8 year period. Direct premiums earned grew at a slightly slower pace, increasing from $13,098,000 in 2015 to $13,830,000 in 2022, a rise of 5.6%.

The largest year-over-year increase in direct premiums written was from 2020 to 2021, when it grew by $1,545,000 or 12.8% (from $12,082,000 to $13,627,000). The smallest increase was just 1.5% from 2016 to 2017 ($13,128,000 to $13,412,000). For direct premiums earned, the biggest jump was 15.6% from 2020 to 2021 ($12,978,000 to $15,038,000) while the smallest was 0.1% from 2016 to 2017.

Loss Ratios for Fidelity

The loss ratio data for Fidelity insurance in Louisiana demonstrates notable variations and trends across the years. A significant increase in loss ratios is observed from 62.16% in 2015 to a peak of 119.56% in 2018, followed by a decline to 95.66% in 2019. A drastic decrease in loss ratios is evident in 2020, dropping to a low of 6.5%. This decline continues in 2021 with a slightly higher loss ratio of 8.0%.

However, 2022 shows an upward trend as the loss ratio nearly doubles to 17.97%. It is worth mentioning that there is no data available for 2017, which leaves a gap in understanding the progression of loss ratios during that period.

Nonetheless, the overall trend suggests an initial increase until 2018, followed by a substantial decline in loss ratios from 2019 to 2021, and a moderate increase in 2022.

Direct and Earned Premiums for Surety

The data shows that direct premiums written and earned for surety insurance in Louisiana fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $106,015,000 in 2015.

This increased to $135,346,000 in 2021, representing a 27.7% increase over that period. The highest amount of direct premiums written was $152,499,000 in 2022. Direct premiums earned followed a similar trend, with the lowest amount being $108,333,000 in 2015 and the highest being $134,787,000 in 2022. This represents a 24.5% increase.

The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $17,153,000 or 12.7% (from $135,346,000 to $152,499,000). The smallest year-over-year increase was just 0.6% from 2020 to 2021 (from $111,873,000 to $135,346,000). In most years, direct premiums earned lagged slightly behind direct premiums written. The largest gap was in 2022, when premiums earned were $134,787,000 vs premiums written of $152,499,000.

Loss Ratios for Surety

The Surety line of business loss ratio data in Louisiana exhibits notable shifts over the examined years. Loss ratios in 2015 and 2016 saw similar figures of 39.23% and 40.79%, respectively. However, a significant drop was observed in 2017, with the loss ratio plunging to 24.99%. This downward trend continued into 2018, hitting a low of 20.18%.

Following this, the loss ratio dipped further to 15.4% in 2019 before experiencing a minor escalation to 15.99% in 2020. The ensuing years, 2021 and 2022, witnessed a recovery in loss ratios, reaching 22.1% and 24.99%, respectively.

Direct and Earned Premiums for Warranty

The data shows that direct premiums written and direct premiums earned for warranty insurance in Louisiana fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $4,260,000 in 2017, while the highest was $8,570,000 in 2020. Direct premiums written decreased from $8,350,000 in 2015 to $4,260,000 in 2017, before increasing again to $8,570,000 in 2020.

Direct premiums earned followed a different trend, starting at $7,520,000 in 2015, peaking at $6,945,000 in 2017, and ending at $8,833,000 in 2022. The largest year-over-year increase in direct premiums earned was from 2021 to 2022, when it grew by $2,124,000 or 31.7% (from $6,709,000 to $8,833,000).

The smallest year-over-year change was a 0.5% decrease from $6,457,000 in 2018 to $6,470,000 in 2019.

Loss Ratios for Warranty

The Loss Ratio Percentage for Warranty in Louisiana shows considerable variations from 2015 to 2022. The percentage escalated from 60.48% in 2015 to a peak of 92.52% in 2021. A steady increase can be observed in the consecutive years from 2015, reaching 86.08% in 2020.

The most significant jump was noted from 2020 to 2021, with a rise by 6.44 percentage points. However, 2022 experienced a slight decrease to 88.09%, representing a dip of 4.43 percentage points from the previous year's peak.