Market Trends

Direct and Earned Premiums for Fire

The data shows that direct premiums written and earned for fire insurance in Missouri increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $186,846,000 in 2017. The highest was $352,647,000 in 2022. This represents an increase of over 88% over the 8 year period.

Direct premiums written increased each year from 2015 to 2022, with the exception of 2016 which saw a decrease from $210,796,000 in 2015 to $200,286,000 in 2016. The largest year-over-year increase was from 2021 to 2022, when direct premiums written grew by $63,826,000 or 22% (from $289,821,000 to $352,647,000). Direct premiums earned followed a similar pattern to direct premiums written, with the lowest amount being $191,862,000 in 2017 and the highest being $325,231,000 in 2022. This was an increase of over 69% over the period.

The largest year-over-year increase for direct premiums earned was also from 2021 to 2022, growing by $43,336,000 or 15.4% (from $281,895,000 to $325,231,000). The smallest year-over-year increase for direct premiums written was a decrease of 3.7% from 2015 to 2016. The smallest increase for direct premiums earned was 0.8% from 2016 to 2017.

Loss Ratios for Fire

The loss ratio for the Fire line of business in Missouri displays notable fluctuations over the observed years. The loss ratio rose from 42.69% in 2015 to a peak of 72.58% in 2017.

Following 2017, there was a notable decline to 57.9% in 2018, and down further to 48.52% in 2019. However, the years 2020 and 2022 witnessed higher loss ratios, 61.72% and 59.75% respectively. The year 2021, with a loss ratio of 49.16%, shows a dip in the otherwise increasing trend.

Direct and Earned Premiums for Allied Lines

The data shows that direct premiums written and direct premiums earned for allied lines insurance in Missouri increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $182,225,000 in 2015.

This increased each year, with the highest amount being $327,107,000 in 2022. This represents an increase of 79.6% over the 8 year period. Direct premiums earned followed a similar pattern, starting at $180,382,000 in 2015 and reaching $299,524,000 in 2022, an increase of 66.1%. The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $52,093,000 or 19.0% (from $275,014,000 to $327,107,000).

The smallest increase was 1.7% from 2016 to 2017 ($174,021,000 to $174,853,000). For direct premiums earned, the biggest jump was 19.8% from 2019 to 2020 ($204,551,000 to $234,717,000). The smallest increase was 1.2% from 2017 to 2018 ($173,000,000 to $181,572,000).

Loss Ratios for Allied Lines

The loss ratio data for Allied Lines in Missouri displays significant variability over the years, with fluctuations that warrant attention. In 2015, the loss ratio stood at 71.77%, which subsequently dropped to 51.47% in 2016]. However, 2017 saw a substantial increase in the loss ratio, reaching 95.28%.

The loss ratio then decreased to 76.97% in 2018, but the most notable outlier is the spike in 2019, with a loss ratio of 117.52%. Following 2019's peak, the loss ratio considerably improved in 2020, dropping to 70.76%. In the most recent years, 2021 and 2022, the loss ratios have been relatively consistent at 61.4% and 62.5%, respectively.

Direct and Earned Premiums for Multi-Peril Crop

The data shows that direct premiums written for Federal Multi-Peril Crop insurance in Missouri fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $347,963,000 in 2016. The highest amount was $640,782,000 in 2022. This represents an increase of over 84% from the lowest to the highest year.

The direct premiums written decreased from $379,106,000 in 2015 to $347,963,000 in 2016, a drop of 8.3%. After this initial decrease, premiums increased each year from 2017 to 2022. The largest year-over-year increase was from 2021 to 2022, when direct premiums written grew by $149,173,000 or 30.3% (from $491,609,000 to $640,782,000). The smallest year-over-year increase was 2.8%, from $388,768,000 in 2019 to $394,126,000 in 2020.

The direct premiums earned followed a similar pattern to the direct premiums written, with the lowest amount of $317,734,000 in 2016 and the highest of $636,037,000 in 2022. This represents a 100% increase. The largest year-over-year increase in direct premiums earned was 29.8% between 2021 and 2022.

Loss Ratios for Multi-Peril Crop

The Federal Multi-Peril Crop loss ratio data in Missouri presents notable fluctuations across the years. In 2015, the loss ratio reached a peak of 125.14%. However, the loss ratio significantly improved in the following years, with a sharp decline to 41.01% in 2016 and further reduction to 30.74% in 2017.

In 2018, the loss ratio experienced an increase to 71.63%, followed by a near doubling to 99.86% in 2019. Interestingly, from 2020 to 2022, the loss ratio appears to have stabilized, with percentages of 49.84%, 53.63%, and 50.1% respectively.

Direct and Earned Premiums for Federal Flood

The data shows that direct premiums written and direct premiums earned for federal flood insurance in Missouri fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $15,052,000 in 2022, down from $17,161,000 in 2021. The highest amount was $17,161,000 in 2021. Direct premiums written increased each year from 2015 to 2021, before dropping in 2022. The direct premiums earned followed a similar pattern to direct premiums written.

The lowest amount was $15,798,000 in 2017, while the highest was $17,120,000 in 2021. The largest year-over-year increase in direct premiums written was from 2018 to 2019, when premiums grew by $1,149,000 or 6.9% (from $16,763,000 to $16,912,000). The largest drop was from 2021 to 2022, when premiums fell by $2,109,000 or 12.3% (from $17,161,000 to $15,052,000). 

Loss Ratios for Federal Flood

The loss ratio data for Federal Flood insurance in Missouri showcases intriguing fluctuations over the years. The data spans from a low of 22.98% in 2018 to a substantial high of 340.18% in 2017. The heightened loss ratios in 2016, 2017, and 2019, exceeding 250%.

However, the years 2018, 2020, and 2021 display substantial improvement in loss ratios, all below 40%. The years 2015 and 2022, while not as extreme as the other high years, still recorded higher loss ratios of 109.08% and 241.34% respectively.

Direct and Earned Premiums for Private Crop

The data shows that direct premiums written and direct premiums earned for private crop insurance in Missouri increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $21,464,000 in 2015. The highest amount was $44,612,000 in 2022. This represents an increase of over 100% over the 8 year period.

The direct premiums written and direct premiums earned both 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 $8,261,000 or 22.7% (from $36,351,000 to $44,612,000).

The smallest year-over-year increase was 3.9%, from $25,505,000 in 2017 to $26,344,000 in 2018. For direct premiums earned, the pattern was similar. The largest year-over-year increase was also from 2021 to 2022, growing by 21.2% from $36,364,000 to $44,547,000. The smallest increase was just 0.2% from $26,886,000 in 2019 to $27,169,000 in 2020.

Loss Ratios for Private Crop

The loss ratio data for Private Crop insurance in Missouri presents fascinating shifts over the observed period. The loss ratio in 2015 was a moderate 40.1%. Data for 2016 is unavailable, but a dramatic surge is seen in 2017, reaching an exceptional 167.52%. In the subsequent year, 2018, the loss ratio remains high at 122.5% but shows a decrease from the previous year.

This downward trend continues in the following years, with the loss ratio decreasing to 95.0% in 2019, 83.54% in 2020, and 81.96% in 2021. In the most recent year, 2022, the loss ratio is 61.27%, marking a considerable decrease compared to previous years.

Direct and Earned Premiums for Private Flood

The data shows that direct premiums written and earned for private flood insurance in Missouri fluctuated between 2016 and 2022. The lowest amount of direct premiums written was $5,611,000 in 2016.

This increased to $8,580,000 in 2017, $10,054,000 in 2018, and $12,266,000 in 2021, representing the highest amount of direct premiums written over the period. However, direct premiums written decreased to $5,781,000 in 2019 before increasing again in 2020 to $8,513,000. In 2022, direct premiums written were $12,187,000, just slightly below the peak in 2021.

Direct premiums earned followed a similar pattern, starting at $3,067,000 in 2016, peaking at $9,883,000 in 2021, decreasing to $5,876,000 in 2019, and ending at $12,164,000 in 2022. The largest year-over-year increase in direct premiums written was from 2019 to 2020, when it grew by $2,732,000 or 47%. The smallest year-over-year increase was just 1% from 2021 to 2022.

Loss Ratios for Private Flood

The Loss Ratio data for Private Flood insurance in Missouri presents a fluctuating pattern across the specified years. In 2016, the loss ratio stood at a low 9.01%, followed by a drastic increase to 135.81% in 2017. Notably, data for 2018 is missing, making it difficult to ascertain the continuity of this trend.

The year 2019 witnessed an exceptionally high loss ratio of 274.05%. However, there was a sharp decline to 39.31% in 2020. In 2021, the loss ratio further decreased to a mere 6.57%. Yet, the loss ratio surged again in 2022 to 120.97%.

Direct and Earned Premiums for Farmowners Multiple Peril

The data shows that both direct premiums written and direct premiums earned for farmowners multiple peril insurance in Missouri increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $169,216,000 in 2015. This increased each year, reaching $212,089,000 in 2021 and $227,842,000 in 2022. This represents an increase of over 34% from 2015 to 2022.

Similarly, direct premiums earned started at $166,539,000 in 2015 and increased to $205,099,000 in 2021 and $219,510,000 in 2022. This is an increase of over 31% over the 8 year period. The largest year-over-year increase in direct premiums written was from 2020 to 2021, when it grew by $14,363,000 or 7.2% (from $199,726,000 to $212,089,000). The smallest year-over-year increase was 2.9%, from $183,456,000 in 2018 to $189,288,000 in 2019.

Loss Ratios for Farmowners Multiple Peril

A review of the loss ratio data for Farmowners Multiple Peril in Missouri from 2015 to 2022 reveals notable trends. The loss ratios exhibit a marked variability, from a low of 50.58% in 2018 to a peak of 82.26% in 2017.  

In 2020, the loss ratio escalates to 72.83%, before dropping to 60.6% in 2021 and 55.19% in 2022. Despite these fluctuations, the data from 2021 and 2022 suggests a potential stabilization in the loss ratios. 

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 Missouri increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $1,912,187,000 in 2015. This increased each year, reaching $2,748,737,000 in 2022 - an overall increase of 43.7% over the 8 year period.

Similarly, direct premiums earned grew from $1,875,498,000 in 2015 to $2,614,367,000 in 2022, a 39.4% increase. The largest year-over-year growth for direct premiums written was from 2021 to 2022 at 9.9% (from $2,499,928,000 to $2,748,737,000).

The smallest was from 2016 to 2017 at 3.3% (from $1,968,443,000 to $2,032,669,000). For direct premiums earned, the largest increase was 10.8% between 2021 and 2022 (from $2,403,424,000 to $2,614,367,000) while the smallest was 2.9% between 2018 and 2019.

Loss Ratios for Homeowners Multiple Peril

The loss ratio data for Homeowners Multiple Peril in Missouri exhibits substantial fluctuations over the analyzed period. The loss ratios varied significantly, from a low of 44.44% in 2018 to a high of 66.38% in 2020. In contrast, 2018 witnessed the lowest loss ratio.

From 2015 to 2016, the loss ratio showed a slight decline from 55.45% to 54.64%. However, a sharp rise was observed in 2017, reaching 66.26%. There was a subsequent decline in 2018, followed by an increase in 2019 and 2020. The years 2021 and 2022 showed relatively consistent loss ratios of 51.58% and 52.24%, 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 Missouri increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $764,843,000 in 2015.

The highest amount was $1,052,791,000 in 2022. This represents an increase of over 37% 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 $75,573,000 or 7.7% (from $977,218,000 to $1,052,791,000).

The smallest year-over-year increase was 2.2%, from $791,626,000 in 2017 to $801,412,000 in 2018. The direct premiums earned followed a similar trend, with the lowest amount being $761,269,000 in 2015 and the highest being $1,017,916,000 in 2022. This was an increase of over 33% over the period.

As with direct premiums written, direct premiums earned increased each year from 2015 to 2022. The largest year-over-year increase was 7.5% from 2021 to 2022 (from $933,566,000 to $1,017,916,000) and the smallest was 2.4% from 2016 to 2017.

Loss Ratios for Commercial Multiple Peril

The loss ratio data for Commercial Multiple Peril in Missouri highlights notable variations over the years. From 2015 to 2017, there was a steady increase in loss ratios, with figures rising from 52.92% in 2015 to 61.9% in 2017. However, a significant drop occurred in 2018, with the loss ratio falling to 47.74%.

Subsequently, the highest loss ratio for the period was observed in 2019 at 66.22%, followed by a slight decrease to 62.41% in 2020. More recently, the loss ratios in 2021 and 2022 have indicated a downward trend, with values of 52.65% and 59.88%, respectively.

Direct and Earned Premiums for Mortgage Guaranty

The data shows that direct premiums written and direct premiums earned for mortgage guaranty insurance in Missouri fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $84,935,000 in 2017. The highest was $97,493,000 in 2020.

Direct premiums written increased from 2015 to 2016, decreased in 2017, then increased each year from 2018 to 2020 before decreasing again in 2021 and 2022. Direct premiums earned followed a similar pattern, with the lowest amount being $84,637,000 in 2015 and the highest being $108,144,000 in 2020. The largest year-over-year increase in direct premiums earned was from 2019 to 2020, when it grew by $6,366,000 or 6.3% (from $101,778,000 to $108,144,000).

Loss Ratios for Mortgage Guaranty

The Mortgage Guaranty loss ratio data in Missouri demonstrates noteworthy patterns and changes between 2015 and 2021. Starting from a loss ratio of 24.61% in 2015, there is a consistent decline until 2018, reaching its lowest point of 6.01%. However, the loss ratio increased slightly in 2019 to 6.83%, and then significantly in 2020, rising to 24.22%. In 2021, the loss ratio dropped again, reaching 7.33%.

Direct and Earned Premiums for Ocean Marine

The data shows that direct premiums written and direct premiums earned for ocean marine insurance in Missouri fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $32,870,000 in 2017. The highest was $49,980,000 in 2022.

Direct premiums written increased overall during the period, with the exception of a dip from $35,790,000 in 2016 to $32,870,000 in 2017. Direct premiums earned followed a similar pattern to direct premiums written. The lowest amount was $33,708,000 in 2017, while the highest was $47,121,000 in 2022. Like direct premiums written, direct premiums earned decreased from 2016 to 2017, going from $35,196,000 to $33,708,000.

The largest year-over-year increase for direct premiums written was from 2021 to 2022, when it grew by $5,972,000 or 13.6% (from $44,008,000 to $49,980,000). The smallest year-over-year increase was just 0.9% from 2018 to 2019 (from $34,737,000 to $37,282,000).

Loss Ratios for Ocean Marine

The Ocean Marine loss ratio data in Missouri from 2015 to 2022 reveals interesting patterns. Loss ratios swung from a high of 83.36% in 2017 to a low of 42.1% in 2022. The most recent years, 2021 and 2022, show a downward trend with loss ratios of 55.49% and 42.1% respectively.

However, the loss ratios have not always been consistent; the drop from 67.39% in 2015 to 55.8% in 2016, and the rise from 49.98% in 2018 to 62.88% in 2019 exemplify this variability. While the overall trend indicates some degree of fluctuation, the significant drop from 83.36% in 2017 to 42.1% in 2022 demonstrates a marked improvement in the loss ratio over the examined period.

Direct and Earned Premiums for Inland Marine

The data shows that direct premiums written and direct premiums earned for inland marine insurance in Missouri increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $331,130,000 in 2015. This increased each year, with the highest amount being $552,799,000 in 2022. This represents an increase of over 67% over the 8 year period.

The direct premiums earned followed a similar trajectory, starting at $328,698,000 in 2015 and reaching $532,042,000 in 2022, an increase of over 62%. The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $62,888,000 or 12.8% (from $489,911,000 to $552,799,000). The smallest year-over-year increase was just 2.6%, from $389,209,000 in 2017 to $411,479,000 in 2018.

The largest increase in direct premiums earned was also from 2021 to 2022, growing by $60,105,000 or 12.7% (from $471,937,000 to $532,042,000). The smallest increase was from 2016 to 2017, rising just 2.9% from $379,640,000 to $390,941,000.

Loss Ratios for Commercial Inland Marine

The loss ratio data for Inland Marine in Missouri shows interesting trends from 2015 to 2022. The loss ratios range from 41.91% in 2018 to a high of 72.96% in 2020.  However, the following year, in 2021, saw a significant drop in loss ratio to 42.83%.

In the years 2016 and 2017, the loss ratios were relatively stable at 46.84% and 46.22%, respectively. The general trend shows a decline in loss ratio from 2015 to 2018, followed by a rise in 2020, and then a decrease in subsequent years. As of 2022, the loss ratio stands at 44.0%.

Direct and Earned Premiums for Financial Guaranty

The data shows that direct premiums written and direct premiums earned for financial guaranty insurance in Missouri fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $4,075,000 in 2021. The highest amount was $11,656,000 in 2020. This represents an increase of over 185% from the lowest to highest year.

Direct premiums written increased from $5,746,000 in 2015 to $11,656,000 in 2020, before dropping to $4,075,000 in 2021. The year-over-year change was largest between 2019 and 2020, when direct premiums written grew by $3,278,000 or 44.4% (from $7,378,000 to $11,656,000). Direct premiums earned followed a different trend, steadily decreasing each year from 2015 to 2021.

The highest amount of direct premiums earned was $24,188,000 in 2015. The lowest was $5,113,000 in 2021. This represents a 79% decrease over the period. The largest year-over-year drop was between 2016 and 2017, when direct premiums earned decreased by $9,435,000 or 42.1% (from $22,434,000 to $13,999,000).

Loss Ratios for Commercial Financial Guaranty

Financial Guaranty data for Missouri 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 Missouri increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $141,780,000 in 2015. This increased each year, reaching a high of $202,794,000 in 2022. This represents an overall increase of 43% over the 8 year period.

Similarly, direct premiums earned started at $143,482,000 in 2015 and increased each year to $195,975,000 in 2022. This is a 37% increase over the period. The largest year-over-year increase in direct premiums written was from 2020 to 2021, when it grew by $31,395,000 or 18.8% (from $167,158,000 to $198,553,000). The smallest increase was 1.4% from 2016 to 2017 ($143,206,000 to $141,194,000).

For direct premiums earned, the biggest jump was also from 2020 to 2021, increasing by $22,832,000 or 14.1% (from $161,924,000 to $188,756,000). The smallest increase was 0.7% from 2016 to 2017 ($142,371,000 to $137,406,000).

Loss Ratios for Medical Professional Liability

The loss ratio data for Medical Professional Liability in Missouri unveils notable fluctuations over the years. The loss ratios range from a low of 18.49% in 2015 to a high of 79.32% in 2019. The sharp increase from 18.49% in 2015 to 65.3% in 2016 is particularly noteworthy and may require further analysis to understand the driving factors behind this surge.

A peak is observed in 2019, with a loss ratio reaching 79.32%, after which it subsides to 59.4% in 2020. The years 2021 and 2022 exhibit relatively stable loss ratios of 58.25% and 62.51%, respectively. While the data from 2017 to 2022 shows minor fluctuations, the overall trend suggests an initial increase in the loss ratio from 2015 to 2019, followed by a slight decrease in subsequent years.

Direct and Earned Premiums for Earthquake

The data shows that direct premiums written and direct premiums earned for earthquake insurance in Missouri increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $91,411,000 in 2015. The highest amount was $137,690,000 in 2022. This represents an increase of over 50% 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 $13,572,000 or 14.4% (from $118,916,000 to $128,488,000). The smallest year-over-year increase was 1.5%, from $90,652,000 in 2016 to $92,412,000 in 2017.

For direct premiums earned, the largest year-over-year increase was also from 2020 to 2021, when it grew by $13,258,000 or 12% (from $110,164,000 to $124,202,000). The smallest increase was 0.4%, from $97,602,000 in 2018 to $98,133,000 in 2019.

Loss Ratios for Earthquake

The earthquake loss ratio data for Missouri reveals significant volatility over the observed years. In 2015, the loss ratio was at a minimal 0.38, increasing slightly to 0.41 in 2017.

An interesting trend emerges in 2018, where the percentage more than doubles to 0.77, continuing to climb to a peak of 1.64 in 2020. However, the years following this peak display a significant decrease in loss ratios, with figures dropping to 0.88 in 2021 and 0.86 in 2022. 

Direct and Earned Premiums for Workers Compensation

The data shows that direct premiums written and direct premiums earned for workers compensation insurance in Missouri fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $900,394,000 in 2020. The highest amount was $1,038,287,000 in 2022. Direct premiums written increased from 2015 to 2016, going from $923,617,000 to $933,616,000 (a 1.1% increase).

It then decreased in 2017 to $920,594,000 before declining again in 2018 to $915,194,000. In 2019, direct premiums written fell to $910,547,000. The largest year-over-year decrease was from 2020 to 2021, when direct premiums dropped from $900,394,000 to $972,822,000 (a 7.9% increase). From 2021 to 2022, direct premiums increased substantially, rising by $65,465,000 or 6.7%. The pattern for direct premiums earned is similar. The lowest amount was $887,078,000 in 2020 and the highest was $1,035,533,000 in 2022.

Direct premiums earned declined from 2015 to 2018, before increasing 7.8% from 2020 to 2021. The largest year-over-year increase was from 2021 to 2022, when direct premiums earned grew by $82,964,000 or 8.7%.

Loss Ratios for Workers Compensation

The Workers Compensation loss ratio data for Missouri demonstrates notable patterns and shifts throughout the years 2015 to 2022. Loss ratios exhibit moderate fluctuations, with the highest percentage occurring in 2016 at 62.48% and the lowest in 2017 at 56.13%. The difference between the peak and the trough is 6.35%.

The loss ratio increased from 58.62% in 2015 to 62.48% in 2016, then decreased to 56.13% in 2017, followed by an increase to 60.22% in 2018, and a decrease to 56.26% in 2019. This pattern reemerges in 2020 with a rise to 61.32% and consecutive declines in the following years, reaching 57.21% in 2022. The relatively consistent loss ratios in 2021 and 2022 at 57.86% and 57.21%, respectively.

Direct and Earned Premiums for Product Liability

The data shows that direct premiums written and direct premiums earned for products liability insurance in Missouri increased overall from 2015 to 2022. The lowest amount of direct premiums written was $56364000 in 2015. The highest was $76246000 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, with the exception of 2016 which saw a slight decrease from $56364000 in 2015 to $53944000 in 2016. The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $12892000 or 19.1% (from $67354000 to $76246000). The direct premiums earned followed a similar trend, with the lowest amount being $58259000 in 2015 and the highest being $73566000 in 2022.

This was an increase of over 26% over the period. The largest year-over-year increase in direct premiums earned was also from 2021 to 2022, growing by $6321000 or 9.4% (from $67245000 to $73566000).

Loss Ratios for Product Liability

The Products Liability loss ratio data for Missouri exhibits noteworthy variations over the years. The loss ratio in 2015 stood at 36.27%, which dropped significantly to 20.09% in 2016. However, it escalated sharply to 55.12% in 2017 and reached a peak of 79.41% in 2018.

A considerable decrease was observed in 2019, with the loss ratio falling to 37.81%. This was followed by a rise to 51.05% in 2020. In the following years, the loss ratios maintained a relatively consistent level, with 45.44% in 2021 and 52.16% in 2022.

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 Missouri increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $3,351,406,000 in 2015. The highest amount was $4,737,739,000 in 2022. This represents an increase of over 41% 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 $4,027,741,000 or 9.1% (from $4,434,998,000 to $4,737,739,000). The smallest year-over-year increase was 1.4%, from $4,265,648,000 in 2019 to $4,221,791,000 in 2020.

The trends for direct premiums earned are similar, with the lowest amount being $3,282,254,000 in 2015 and the highest being $4,613,752,000 in 2022. This is an increase of over 40% in the direct premiums earned over the 8 year period. The largest year-over-year increase in direct premiums earned was 8.7%, from $4,364,825,000 in 2021 to $4,613,752,000 in 2022.

Loss Ratios for Private Passenger Auto

The analysis of the loss ratio for Private Passenger Auto Total in Missouri from 2015 to 2022 reveals interesting trends. The loss ratios exhibit substantial variability, with a low point of 60.67% in 2020 and a peak of 76.72% in 2022. There was a noticeable increase in 2016 to 72.74% and a prominent rise in 2022.

The years 2017 to 2020 saw a gradual decrease in loss ratios, from 67.33% in 2017 down to 60.67% in 2020. However, the trend reversed in 2021, with the loss ratio climbing back up to 66.39%, and further escalated in 2022.

Direct and Earned Premiums for Commercial Auto

The data shows that direct premiums written and direct premiums earned for commercial auto insurance in Missouri increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $556,898,000 in 2015. The highest amount was $1,020,704,000 in 2022. This represents an increase of over 83% 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 $86,322,000 or 9.2% (from $934,382,000 to $1,020,704,000). The smallest year-over-year increase was 6.2%, from $693,106,000 in 2018 to $777,529,000 in 2019.

The direct premiums earned followed a similar trend, with the lowest amount being $541,125,000 in 2015 and the highest being $985,699,000 in 2022. This was an increase of over 82% over the period. The largest year-over-year increase in direct premiums earned was also from 2021 to 2022 at 11.0% (from $888,658,000 to $985,699,000). The smallest increase was 6.1% from 2018 to 2019.

Loss Ratios for Commercial Auto

The loss ratio data for Commercial Auto Total in Missouri exhibits notable changes across the years. Between 2015 and 2017, there was a consistent increase in loss ratios, climbing from 62.15% in 2015 to a peak of 70.73% in 2017.

This trend was followed by a brief dip in 2018, with a loss ratio of 65.42%, before rising again in 2019 to 70.12%. Interestingly, the loss ratio in 2020 marginally decreased to 69.4%. However, the year 2022 witnessed the highest loss ratio of 71.81%. In contrast, 2021 experienced a relatively lower loss ratio of 59.53%.

Direct and Earned Premiums for Aircraft

The data shows that direct premiums written and direct premiums earned for aircraft insurance in Missouri fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $24,566,000 in 2015. This increased to $28,623,000 in 2021, representing a 16.5% increase over the period.

Direct premiums earned followed a similar trend, starting at $24,941,000 in 2015 and reaching $29,483,000 in 2021, an 18.2% increase. Looking year-over-year, the largest increase in direct premiums written was from 2020 to 2021, when it grew by $2,956,000 or 10.7% (from $27,667,000 to $28,623,000). The smallest year-over-year increase was just 1.3%, from $24,467,000 in 2018 to $24,735,000 in 2019.

In most years, direct premiums earned lagged slightly behind direct premiums written. The gap was smallest in 2016 when direct premiums earned were $248,850,000 versus direct premiums written of $265,900,000. The largest gap was in 2021 when direct premiums earned were $29,483,000 compared to $28,623,000 in direct premiums written.

Loss Ratios for Aircraft

The loss ratio data for the Aircraft line of business in Missouri reveals interesting trends over the specified years. The loss ratios show significant variability, with the lowest at 16.86% in 2016 and the highest reaching 74.13% in 2017.

Following 2017, the loss ratio dropped to 28.93% in 2018 and then rose to a moderate 46.08% in 2019. The subsequent years, 2020 and 2021, saw a slight decline to 42.2% and 40.62% respectively, followed by a further drop to 36.57% in 2022.

Direct and Earned Premiums for Fidelity

The data shows that direct premiums written and direct premiums earned for fidelity insurance in Missouri fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $23,338,000 in 2020. The highest amount was $26,836,000 in 2022.

Direct premiums earned followed a similar pattern, with the lowest amount being $23,557,000 in 2019 and the highest being $26,101,000 in 2022. Overall, direct premiums written increased from $24,065,000 in 2015 to $26,836,000 in 2022, representing an increase of 11.5% over the 8 year period. Direct premiums earned grew at a slightly slower pace, increasing from $23,871,000 in 2015 to $26,101,000 in 2022, representing a 9.3% increase. The largest year-over-year increase in direct premiums written was from 2020 to 2021, when it grew by $2,733,000 or 11.7% (from $23,338,000 to $26,071,000). The smallest year-over-year increase was just 0.4% from 2016 to 2017 ($24,553,000 to $24,671,000).

For direct premiums earned, the biggest jump was also from 2020 to 2021, increasing by $1,791,000 or 7.5% (from $23,845,000 to $24,636,000). The smallest increase was 0.5% from 2017 to 2018 ($24,494,000 to $24,436,000).

Loss Ratios for Fidelity

The loss ratios for Fidelity in Missouri reveal notable fluctuations and trends over the years. In 2016, there was a significant peak with a loss ratio of 74.14%, followed by a sharp decline to 18.13% in 2017.

Another noteworthy surge occurred in 2019, with a loss ratio of 66.6%, which again declined to 24.1% in 2020. Despite these fluctuations, the period between 2020 and 2022 shows a relatively stable loss ratio trend, ranging from 20.6% to 27.98%.

Direct and Earned Premiums for Surety

The data shows that direct premiums written and direct premiums earned for surety insurance in Missouri fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $71,940,000 in 2017. The highest amount was $103,970,000 in 2022. This represents an increase of over 44% from the low in 2017 to the high in 2022.

Direct premiums written increased each year from 2017 to 2022, with the exception of a slight dip from $102,224,000 in 2021 to $103,970,000 in 2022. The largest year-over-year increase in direct premiums written was from 2018 to 2019, when it grew by $24,025,000 or 30.5% (from $78,897,000 to $102,922,000).

Direct premiums earned followed a similar pattern to direct premiums written over the period, with the low of $71,476,000 in 2017 and the high of $100,627,000 in 2022. The largest year-over-year increase in direct premiums earned was from 2019 to 2020, when it grew by $7,483,000 or 8.6% (from $86,384,000 to $93,867,000).

Loss Ratios for Surety

The loss ratio data for Surety in Missouri reveals significant fluctuations over the given years. The loss ratios had been relatively low and stable, ranging between 2.33% in 2017 and 8.94% in 2019.

However, a dramatic increase was observed in 2020 and 2021 with loss ratios reaching 29.56% and 54.77%, respectively. In 2022, the loss ratio reduced to 14.44%, a significant drop from the previous year.

Direct and Earned Premiums for Warranty

The data shows that direct premiums written and direct premiums earned for warranty insurance in Missouri fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $33,504,000 in 2022, while the highest was $58,383,000 in 2020.

For direct premiums earned, the lowest amount was $27,873,000 in 2015 and the highest was $51,548,000 in 2021. Looking at direct premiums written, there was an overall increasing trend from 2015 to 2020, with the amount growing over 70% from $34,039,000 to $58,383,000. However, there were decreases in 2018 and significant drops in 2021 and 2022. The largest year-over-year increase in direct premiums written was from 2019 to 2020 at 9.1% (from $53,565,000 to $58,383,000).

For direct premiums earned, the trend was steadily upward through 2021. The biggest year-over-year jump was from 2018 to 2019 at 6.1% (from $37,144,000 to $39,386,000). Then in 2021, direct premiums earned spiked 32.6% to $51,548,000. In 2022 it decreased 17.2% to $42,685,000.

Loss Ratios for Warranty

The Warranty loss ratio in Missouri displays a fluctuating trend from 2015 to 2022. The loss ratio percentage peaked in 2019 at 79.42%, the highest value in the given time frame. This was followed by a decline to 72.15% in 2020, which further decreased to 66.6% in 2021.

However, 2022 saw an increase again, with the loss ratio rising to 73.51%. While the loss ratio in 2016, at 72.84%, was slightly higher than the starting point in 2015 (66.82%), it was followed by a drop to 64.22% in 2017, the lowest ratio over the eight-year period. This was followed by a notable increase to 71.04% in 2018.