Market Trends

Direct and Earned Premiums for Fire

The data shows that direct premiums written and direct premiums earned for fire insurance in Nebraska increased substantially from 2015 to 2022. The lowest amount of direct premiums written was $58,524,000 in 2015. This steadily increased each year, with the exception of a slight dip from $64,341,000 in 2018 to $58,285,000 in 2017.

The highest direct premiums written was $119,152,000 in 2022, more than double the 2015 amount. Similarly, direct premiums earned followed the same upward trend, growing from $57,662,000 in 2015 to $112,506,000 in 2022. The largest year-over-year increase in direct premiums written was from 2019 to 2020, when it grew by $15,859,000 or 20.9% (from $75,948,000 to $91,807,000). The smallest year-over-year increase was just 1.1% from $58,285,000 in 2017 to $58,985,000 in 2018.

Loss Ratios for Fire

Reviewing the loss ratio data for Fire insurance in Nebraska reveals significant fluctuations across the observed years. The loss ratios varied considerably, from a minimum of 30.1% in 2015 to a peak of 114.91% in 2022. The year 2020 witnessed an alarming surge to 94.56%, a drastic increase from 32.33% in 2019.

 The loss ratios in the subsequent years, 2021 and 2022, remained relatively high at 60.21% and 114.91%, respectively. A decreasing trend was observed from 2018 to 2019, which was then followed by a sharp increase in the subsequent years.

Direct and Earned Premiums for Allied Lines

The data shows that direct premiums written and earned for allied lines insurance in Nebraska increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $79,597,000 in 2015. This increased each year, reaching a high of $140,827,000 in 2022 - an overall increase of 77% over the 8 year period.

Direct premiums earned followed a similar trend, starting at $74,940,000 in 2015 and reaching $133,718,000 in 2022, a 78% increase. The largest year-over-year increase in direct premiums written was from 2020 to 2021, when it grew by $15,475,000 or 13.8% (from $111,858,000 to $127,260,000). The smallest increase was just 2.2% from 2016 to 2017 ($73,990,000 to $77,880,000).

For direct premiums earned, the biggest jump was also from 2020 to 2021, increasing by $12,830,000 or 12.1% (from $106,017,000 to $118,470,000). The smallest increase was 1.0% from 2016 to 2017.

Loss Ratios for Allied Lines

The loss ratio data for Allied Lines in Nebraska displays considerable fluctuation over the years. The range extends from a low of 39.01% in 2020 to an extraordinary high of 169.12% in 2022. The data shows two significant spikes in 2017 and 2019, both exceeding 100%.

The year 2020, however, witnessed a significant drop in loss ratio. The data for the most recent years, 2021 and 2022, show a dramatic increase from 67.45% to 169.12%, the highest loss ratio reported in this data set.

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 Nebraska fluctuated between 2015 and 2021, with significant increases in 2021 and 2022. The lowest amount of direct premiums written was $494,758,000 in 2016. This dropped from $555,728,000 in 2015. The highest direct premiums written was $1,043,545,000 in 2022, more than double the 2021 amount of $774,347,000.

Direct premiums earned followed a similar pattern. The lowest amount was $495,233,000 in 2016, down from $548,893,000 in 2015. The highest was $998,195,000 in 2022, up from $761,062,000 in 2021. The largest year-over-year increase in direct premiums written was from 2021 to 2022, when premiums grew by $269,198,000 or 34.8% (from $774,347,000 to $1,043,545,000). The smallest year-over-year change was a decrease of 1.2% from 2015 to 2016 (from $555,728,000 to $494,758,000).

Loss Ratios for Multi-Peril Crop

The loss ratio data for Federal Multi-Peril Crop insurance in Nebraska reveals some interesting patterns over the years. In 2015, the loss ratio stood at 55.22%, but this dropped sharply to 29.11% in 2016. The ratio then gradually increased over the next four years, peaking at 45.47% in 2020. However, 2021 saw a significant decrease to 29.44%. A striking anomaly is noticed in 2022, where the loss ratio skyrocketed to 117.63%. 

Direct and Earned Premiums for Federal Flood

The data shows that direct premiums written and direct premiums earned for federal flood insurance in Nebraska fluctuated between 2015 and 2022. The highest amount of direct premiums written was $7,354,000 in 2015. This declined each year until 2018 when it reached a low of $6,498,000, representing a decrease of 11.7% over that period.

Direct premiums written then increased to $7,132,000 in 2020 before dropping again to $5,196,000 in 2022, the lowest level over the 8 years. Direct premiums earned followed a similar pattern to direct premiums written. The highest amount was $7,660,000 in 2015. This declined to a low of $6,596,000 in 2019, representing a decrease of 13.9% over those 5 years. It then increased to $7,226,000 in 2020 before dropping to $6,240,000 in 2022.

The largest year-over-year decline for direct premiums written was from 2021 to 2022 when it decreased by 25.7% (from $6,998,000 to $5,196,000). The smallest year-over-year change was a 1.1% increase from 2019 to 2020.

Loss Ratios for Federal Flood

The loss ratio data for Federal Flood insurance in Nebraska displays notable fluctuations across the years. The most striking observation is the dramatic spike in 2019, with a loss ratio of 591.48%.  Before 2019, the loss ratios were relatively low and varied between 5.6% in 2018 and 44.44% in 2015.

The years 2016 and 2017 experienced a decline in loss ratios, with values of 6.7% and 13.32%, respectively. However, following the sharp increase in 2019, the loss ratios significantly improved in 2020, dropping to 18.2%, and remained at a lower level in 2021 with a 14.99% loss ratio. The most recent data for 2022 shows a remarkably low loss ratio of 0.36%.

Direct and Earned Premiums for Private Crop

The data shows that direct premiums written and direct premiums earned for private crop insurance in Nebraska increased substantially from 2015 to 2022. The lowest amount of direct premiums written was $183,986,000 in 2015. This steadily increased each year, with the highest amount being $392,139,000 in 2022. This represents an increase of over 113% over the 8 year period.

The direct premiums earned followed a very similar pattern to the direct premiums written. The lowest amount was $183,968,000 in 2015, increasing to $391,852,000 in 2022. This is a 113% increase over the period. The largest year-over-year increase in direct premiums written was from 2020 to 2021, when it grew by $81,936,000 or 33.8% (from $242,632,000 to $307,568,000). The smallest increase was just 2.4% from 2016 to 2017 ($197,555,000 to $198,310,000).

Loss Ratios for Private Crop

The loss ratio data for Private Crop insurance in Nebraska demonstrates notable variations over the years. In 2015, the loss ratio began at 104.05%, followed by a decrease to 81.17% in 2016. A significant increase is observed in 2017, with the loss ratio reaching 122.63%, and continuing to rise to a peak of 134.16% in 2018.

However, in 2019, the loss ratio dropped considerably to 89.91%. This downward trend was short-lived, as the loss ratio jumped to its highest point in 2020 at 158.02%. This increase may warrant further investigation to identify contributing factors. In the two most recent years, the loss ratios showed a decline to 96.22% in 2021 before rising again to 131.84% in 2022.

Direct and Earned Premiums for Private Flood

The data shows that direct premiums written and earned for private flood insurance in Nebraska fluctuated between 2016 and 2022. The lowest amount of direct premiums written was $1,820,000 in 2016. This increased to $2,734,000 in 2017, $3,426,000 in 2018, and $3,747,000 in 2020 before reaching the highest amount of $5,101,000 in 2021.

Direct premiums earned followed a similar trend, starting at $924,000 in 2016, increasing each year except for a dip in 2019, and reaching $4,085,000 in 2021. The largest year-over-year increase in direct premiums written was from 2020 to 2021, when it grew by $1,354,000 or 36.1% (from $3,747,000 to $5,101,000). The smallest year-over-year increase was just 3.8%, from $2,734,000 in 2017 to $2,838,000 in 2018. For direct premiums earned, the biggest jump was from 2016 to 2017, increasing by $1,637,000 or 177%. The smallest increase was 6.7% from 2018 to 2019.

Loss Ratios for Private Flood

Analysis of the loss ratio data for Private Flood in Nebraska between 2016 and 2022 reveals significant fluctuations. Prior to 2019, loss ratios were minimal, with a low of 0.17% in 2016, increasing to 10.77% in 2017, and then dropping again to 0.26% in 2018.

The data for 2019, however, shows a dramatic surge, with the loss ratio reaching a peak of 504.44%, a figure substantially higher than any other year in the period. Post-2019, the loss ratios show a downward trend, dropping to 60.58% in 2020 and further decreasing to 51.51% in 2021. The most recent data for 2022 indicates a continued decrease, with a loss ratio of 17.2%.

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 Nebraska increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $216,270,000 in 2015. The highest amount was $308,695,000 in 2022. This represents an increase of over 40% 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 $40,098,000 or 15% (from $268,597,000 to $308,695,000). The smallest year-over-year increase was 2.4%, from $248,903,000 in 2019 to $253,594,000 in 2020.

The trends for direct premiums earned are similar, with the lowest amount being $208,762,000 in 2015 and the highest being $290,279,000 in 2022. This is an increase of over 39% over the period. The largest year-over-year increase in direct premiums earned was also from 2021 to 2022 at 13.6% (from $260,931,000 to $290,279,000).

Loss Ratios for Farmowners Multiple Peril

The Loss Ratio Percentage for Farmowners Multiple Peril in Nebraska has shown notable fluctuations over the years. The ratio hovered around 50%, with minor variability from 45.63% in 2015 to 56.13% in 2019. Notably, an upward trend is observed from 2015 to 2017, followed by a slight decrease in 2018 and 2020.

However, a significant jump occurred in 2021, with the loss ratio reaching 68.91%, representing the highest value in the previous six years.The year 2022, however, marked an extreme surge, pushing the loss ratio to an unprecedented 161.7%, more than three times the previous high. 

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 Nebraska increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $64,952,000 in 2015. The highest amount was $107,100,000 in 2022. This represents an increase of over 64% 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 $11,700,000 or 12.3% (from $95,428,000 to $107,100,000). The smallest year-over-year increase was 6.1%, from $77,206,000 in 2018 to $81,924,000 in 2019. The trends were similar for direct premiums earned.

The lowest amount was $61,864,000 in 2015 and the highest was $100,858,000 in 2022, an increase of over 63%. The largest year-over-year increase was 13.9% from 2021 to 2022 (from $90,764,000 to $100,858,000) and the smallest was 6.9% from 2018 to 2019 (from $74,825,000 to $79,992,000).

Loss Ratios for Homeowners Multiple Peril

The Loss Ratio data for Homeowners Multiple Peril in Nebraska shows significant variability across the years. The years 2016 and 2017 experienced high loss ratios of 104.09% and 117.28% respectively, far exceeding the lowest point of 38.66% in 2015.

A significant drop was observed in 2018 with a ratio of 51.41%, but it again escalated to 101.23% in 2019. The following year, 2020, saw an improvement with a loss ratio of 58.69%, which further reduced marginally to 54.73% in 2021. However, the loss ratio dramatically increased to 117.29% in 2022, matching the previous peak in 2017.

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 Nebraska increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $262,711,000 in 2015. The highest amount was $394,545,000 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 2021 to 2022, when it grew by $37,512,000 or 10.5% (from $358,033,000 to $394,545,000). The smallest year-over-year increase was 6.1%, from $268,857,000 in 2016 to $273,172,000 in 2017. The trends were similar for direct premiums earned.

The lowest amount was $260,561,000 in 2015 and the highest was $376,363,000 in 2022, an increase of over 44% over the period. The largest year-over-year increase was 13.4% from 2021 to 2022 (from $342,628,000 to $376,363,000) and the smallest was 4.0% from 2016 to 2017 (from $266,257,000 to $270,700,000).

Loss Ratios for Commercial Multiple Peril

The Commercial Multiple Peril loss ratios in Nebraska show substantial inconsistency across the years. The lowest ratio was in 2015 at 33.06%, while the highest ratio was recorded in 2022 at 124.75%. A significant surge was observed in 2019, reaching 92.67%, the highest before 2022, which warrants further exploration.

From 2015 to 2017, an upward trend was evident, with loss ratios increasing from 33.06% to a peak of 79.39%. The ratio dropped to 50.69% in 2018, only to skyrocket in 2019. There was a drastic decline to 45.93% in 2020. The years 2021 and 2022 diverge from previous years, with a moderate ratio of 61.18% in 2021 followed by an unprecedented surge to 124.75% in 2022.

Direct and Earned Premiums for Mortgage Guaranty

The data shows that direct premiums written and direct premiums earned for mortgage guaranty insurance in Nebraska fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $28,363,000 in 2015. This increased to a high of $35,139,000 in 2020 before decreasing to $33,681,000 in 2021.

Direct premiums earned followed a similar pattern, starting at $27,755,000 in 2015, reaching a peak of $37,001,000 in 2020, and then decreasing to $34,957,000 in 2021. The largest year-over-year increase in direct premiums written was from 2019 to 2020, when it grew by $6,638,000 or 19.3% (from $34,501,000 to $35,139,000). The smallest year-over-year change was a decrease of 1.2% from $35,139,000 in 2020 to $33,681,000 in 2021.

Loss Ratios for Mortgage Guaranty

The Mortgage Guaranty loss ratio data for Nebraska paints a compelling picture of marked variations over the years. From a moderate ratio of 12.25% in 2015, there was a steep decline to 2.63% in 2016 and a further drop to 0.55% in 2018.

However, the year 2020 witnessed an abrupt increase to 20.38%, the highest ratio in the given years, indicating a sudden surge in claims or losses. Post-2020, the ratio stabilized somewhat at 3.99% 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 Nebraska fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $4,688,000 in 2018, while the highest was $6,671,000 in 2022. This represents an increase of over 40% from the low point in 2018 to the high point in 2022.

Direct premiums written increased from $5,422,000 in 2015 to $5,766,000 in 2016 before dropping to $4,800,000 in 2017. There was another small decrease to $4,688,000 in 2018 before premiums written rose again to $5,314,000 in 2019. Premiums earned followed a similar pattern over this period.

The largest year-over-year increase in direct premiums written was from 2021 to 2022, when premiums grew by $1,105,000 or 19.5% (from $5,661,000 to $6,671,000). The smallest year-over-year change was a decrease of 2.6% from $5,096,000 in 2020 to $4,960,000 in 2021.

Loss Ratios for Ocean Marine

The loss ratio data for Ocean Marine insurance in Nebraska demonstrates notable fluctuations across the years. The loss ratios vary considerably, with a low of 12.99% in 2015 and a peak of 67.14% in 2020. Between 2015 and 2019, the loss ratios remained relatively stable, ranging from 25.57% to 42.87%.

This period experienced a slight increase in 2016, followed by a general downward trend until 2019. However, 2020 witnessed a significant jump in the loss ratio to 67.14%. Following this spike, the loss ratio improved in 2021, dropping to 24.71%. The year 2022 shows a moderate increase to 31.31%.

Direct and Earned Premiums for Inland Marine

The data shows that direct premiums written and direct premiums earned for inland marine insurance in Nebraska fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $113,783,000 in 2016. This was down 32% from $166,990,000 in 2015. The highest amount was $241,349,000 in 2022, representing an increase of 112% from the low in 2016.

Direct premiums earned followed a similar pattern to direct premiums written. The lowest amount was $112,909,000 in 2016, down 30% from $161,401,000 in 2015. The highest was $227,715,000 in 2022, a 102% increase from 2016. Overall, direct premiums written and earned increased each year from 2016 to 2022, with the exception of a slight dip in 2020 compared to 2019.

The largest year-over-year growth for direct premiums written was from 2021 to 2022 at 16.7% (from $206,915,000 to $241,349,000). The smallest was from 2019 to 2020 at -0.6% (from $179,083,000 to $178,000,000).

Loss Ratios for Commercial Inland Marine

The Inland Marine loss ratio data from Nebraska provides valuable insights into trends and volatility over the years. The loss ratios display considerable variation, with the lowest at 41.0% in 2018 and the highest at a whopping 162.42% in 2016.

The loss ratio then sees a downward trend from 2016 to 2018. However, the ratio rises again in 2019 to 69.5%, only to drop to 51.3% in 2020 and rebound to 63.74% in 2022. The years 2020 and 2021 show relatively similar loss ratios, 51.3% and 43.31% respectively.

Direct and Earned Premiums for Financial Guaranty

The data shows that direct premiums written and direct premiums earned for financial guaranty insurance in Nebraska fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $216,000 in 2019. The highest amount was $1,840,000 in 2017. Direct premiums written increased from $598,000 in 2015 to a peak of $1,840,000 in 2017, before decreasing to $216,000 in 2019. It then increased again to $935,000 in 2022.

Direct premiums earned followed a similar pattern, with the lowest amount being $372,000 in 2021 and the highest being $1,434,000 in 2020. The largest year-over-year increase in direct premiums written was from 2016 to 2017, when it grew by $301,000 or 22%. The largest year-over-year decrease was from 2017 to 2018, when direct premiums written fell by $1,308,000 or 71%.

Loss Ratios for Commercial Financial Guaranty

The Financial Guaranty loss ratio in Nebraska lacks appropriate data to observe any trends.

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 Nebraska increased overall from 2015 to 2022. The lowest amount of direct premiums written was $31,724,000 in 2016. The highest amount was $49,813,000 in 2022. This represents an increase of 57% over the 8 year period.

The direct premiums written increased each year from 2016 to 2022, with the exception of 2017 which saw a slight decrease from $31,724,000 in 2016 to $32,097,000 in 2017. The largest year-over-year increase in direct premiums written was from 2020 to 2021, when it grew by $8,543,000 or 23% (from $37,192,000 to $45,735,000). Similarly, the lowest amount of direct premiums earned was $31,746,000 in 2016 and the highest was $47,197,000 in 2022. This is a 49% increase over the period.

The trends in direct premiums earned follow a similar pattern to the direct premiums written, with the largest year-over-year increase occurring between 2020 and 2021, growing by $5,952,000 or 17% (from $35,487,000 to $41,439,000).

Loss Ratios for Medical Professional Liability

The Medical Professional Liability data for Nebraska reveals specific trends over the years. From 2015 to 2016, there was a decrease in the loss ratio from 52.69% to 45.24%, indicating improved risk management. However, from 2016 to 2020, there was a consistent escalation in the loss ratio, peaking at 65.65% in 2020.

Interestingly, the years 2021 and 2022 saw a significant reduction in the loss ratio to 50.97% and 45.18% respectively, showing an effective adjustment in underwriting strategies or a more stable claims environment. Notably, the lowest loss ratio was in 2016 at 45.24%, while the highest was in 2020 at 65.65%.

Direct and Earned Premiums for Earthquake

The data shows that direct premiums written and direct premiums earned for earthquake insurance in Nebraska fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $2,077,000 in 2017, while the highest was $2,996,000 in 2022. Direct premiums written decreased from $2,701,000 in 2015 to $2,077,000 in 2017, before increasing each year to $2,996,000 in 2022. Similarly, direct premiums earned were lowest at $2,122,000 in 2017 and highest at $2,830,000 in 2022.

Direct premiums earned followed a similar pattern as direct premiums written, decreasing from $2,798,000 in 2015 to $2,122,000 in 2017, before increasing yearly to 2022. The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $713,000 or 27.9% (from $2,563,000 to $2,996,000). The smallest year-over-year increase was just 1.3% from 2018 to 2019 ($2,260,000 to $2,267,000).

Loss Ratios for Earthquake

The analysis of Earthquake Loss Ratio Percentages in Nebraska over eight years reveals considerable fluctuations. The loss ratios oscillate from a low of 0.13% in 2020 to a high of 32.33% in 2017.

Notably, there are three instances, in 2016, 2018, and 2021, where data is unavailable. Despite the absence of certain data, an observable trend is the significant reduction in loss ratios from 32.33% in 2017 to a minimal 0.13% in 2020.

Direct and Earned Premiums for Workers Compensation

The data shows that direct premiums written and direct premiums earned for workers compensation insurance in Nebraska decreased overall from 2015 to 2021, with some fluctuation. The highest amount of direct premiums written was $388,612,000 in 2015. This dropped to $384,904,000 in 2016, and continued decreasing to $358,086,000 in 2021. However, it increased sharply to $391,080,000 in 2022.

Direct premiums earned followed a similar pattern, with the highest amount being $389,429,000 in 2015, decreasing to $355,772,000 in 2021, and then increasing to $388,790,000 in 2022. The largest year-over-year decrease for direct premiums written was from 2017 to 2018, when it declined by $3,003,000 or 0.8% (from $375,556,000 to $371,553,000). The smallest year-over-year decrease was just 0.5% from 2020 to 2021, dropping from $354,101,000 to $358,086,000. 

Loss Ratios for Workers Compensation

The loss ratio data for Workers Compensation in Nebraska demonstrates interesting patterns and shifts across the years. The loss ratios exhibit a general downward trend from 2015 to 2019, with a decline from 56.92% in 2015 to 52.1% in 2019. However, the data takes a noticeable turn in 2020, with the loss ratio increasing to 54.13%.

This is followed by a more significant rise in 2021, reaching the highest point in the dataset at 62.4%. In contrast, the loss ratio in 2022 shows a decrease to 53.99%, which is closer to the values observed in 2018 and 2019.

Direct and Earned Premiums for Product Liability

The data shows that direct premiums written and direct premiums earned for products liability insurance in Nebraska fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $19,823,000 in 2018, while the highest was $26,301,000 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 $2,674,000 or 10.9% (from $24,627,000 to $26,301,000). Similarly, the lowest amount of direct premiums earned was $20,213,000 in 2018, while the highest was $26,072,000 in 2022.

Like direct premiums written, direct premiums earned increased each year from 2018 to 2022, with the biggest year-over-year jump happening between 2021 and 2022, when direct premiums earned increased by $1,567,000 or 6.4% (from $24,705,000 to $26,072,000).

Loss Ratios for Product Liability

The Products Liability loss ratio data for Nebraska presents a highly fluctuating trend across the years. In 2015, the loss ratio was extremely high at 84.64%, decreasing sharply to 25.64% in 2016 and plunging to a near-negligible 0.96% in 2017. This volatility continues with a drastic surge to 108.65% in 2018, exceeding the initial high of 2015.

However, in the subsequent two years, the loss ratios significantly dropped to 15.12% and 11.47% in 2019 and 2020 respectively. An exceptional peak is witnessed in 2021 with the loss ratio escalating to 122.99%, the highest in the given period. This spike is followed by a drastic decline to 31.43% 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 Nebraska increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $1,099,202,000 in 2015. The highest amount was $1,507,979,000 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, with the exception of 2020 which saw a slight decrease from $1,347,991,000 in 2019 to $1,337,517,000 in 2020. The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $130,574,000 or 9.3% (from $1,407,405,000 to $1,507,979,000). The direct premiums earned followed a similar pattern to the direct premiums written, with steady increases each year except for 2020.

The lowest direct premiums earned was $1,077,194,000 in 2015 and the highest was $1,468,472,000 in 2022, a 36% increase. The largest year-over-year growth in direct premiums earned was also from 2021 to 2022 at 6.2% (from $1,382,532,000 to $1,468,472,000).

Loss Ratios for Private Passenger Auto

The loss ratio data for Private Passenger Auto Total in Nebraska showcases noteworthy trends and fluctuations over the years. Between 2015 and 2017, there was a steady increase in loss ratios, with 61.96% in 2015, 65.95% in 2016, and the highest point at 70.17% in 2017. This upward trend was followed by a substantial decline in 2018 to 56.04%.

However, the loss ratio rose again in 2019 to 68.06%, before dropping to 52.42% in 2020. The most recent years, 2021 and 2022, display contrasting loss ratios, with 61.78% in 2021 and a significant spike to 84.79% in 2022.

Direct and Earned Premiums for Commercial Auto

The data shows that direct premiums written and direct premiums earned for commercial auto liability insurance in Nebraska increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $244,018,000 in 2015. The highest amount was $405,576,000 in 2022. This represents an increase of over 66% 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 $34,750,000 or 10.2% (from $342,242,000 to $376,992,000). The smallest year-over-year increase was 6.0%, from $272,147,000 in 2017 to $289,529,000 in 2018. Similarly, direct premiums earned also increased steadily over the period. It grew from $240,566,000 in 2015 to $391,781,000 in 2022, an increase of over 62%.

The pattern of year-over-year changes in direct premiums earned was similar to that of direct premiums written, with the largest increase of 10.1% occurring from 2020 to 2021 (from $332,437,000 to $361,296,000) and the smallest increase being 5.9% from 2017 to 2018.

Loss Ratios for Commercial Auto

The loss ratio data for Commercial Auto Total in Nebraska presents interesting trends and fluctuations between 2015 and 2022. The loss ratios experienced significant variability, with the lowest value of 49.53% in 2015 and the highest value of 69.5% in 2017. Between 2015 and 2017, there was a continuous increase in loss ratios, with a notable jump from 62.49% in 2016 to 69.5% in 2017.

However, the trend changed in 2018 when the loss ratio decreased to 58.45%, followed by another increase to 67.96% in 2019. The subsequent years, 2020 and 2021, saw a decline in the loss ratios, with values of 58.56% and 52.36% respectively. In 2022, the loss ratio increased again to 62.56%.

Direct and Earned Premiums for Aircraft

The data shows that direct premiums written and direct premiums earned for aircraft insurance in Nebraska increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $11,804,000 in 2015. The highest amount was $23,809,000 in 2022. This represents an increase of over 100% 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 $3,455,000 or 17.0% (from $20,354,000 to $23,809,000). The smallest year-over-year increase was 1.1%, from $12,872,000 in 2018 to $13,005,000 in 2019. The direct premiums earned followed a similar upward trend as the direct premiums written, increasing each year from 2015 to 2022. The lowest amount of direct premiums earned was $12,188,000 in 2015.

The highest amount was $22,609,000 in 2022. This represents an increase of over 85% over the 8 year period. The largest year-over-year increase in direct premiums earned was from 2020 to 2021, when it grew by $3,332,000 or 19.4% (from $17,206,000 to $22,609,000). The smallest year-over-year increase was 0.5%, from $12,321,000 in 2016 to $12,575,000 in 2018.

Loss Ratios for Aircraft

The Aircraft loss ratio data for Nebraska exhibits notable fluctuations and trends over the years 2015-2022. In 2015, the loss ratio began at 43.01%, followed by a significant increase to 81.3% in 2016. However, the loss ratio then dropped to 41.89% in 2017, demonstrating a return to a level similar to 2015.

A remarkable spike occurred in 2018, with the loss ratio reaching 180.07%, which stands out as an outlier in the dataset. Following this peak, the loss ratio dramatically dropped to 17.68% in 2019. In the subsequent years, the loss ratios appear to stabilize, with 53.71% in 2020, 48.03% in 2021, and 44.75% in 2022.

Direct and Earned Premiums for Fidelity

The data shows that direct premiums written and direct premiums earned for fidelity insurance in Nebraska fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $6,991,000 in 2017. The highest was $8,678,000 in 2022. For direct premiums earned, the lowest was $7,434,000 in 2018 and the highest was $8,029,000 in 2022.

Overall, direct premiums written increased from $7,922,000 in 2015 to $8,678,000 in 2022, representing a growth of 9.5% over the 8 year period. Direct premiums earned grew from $7,946,000 in 2015 to $8,029,000 in 2022, an increase of 1% over the period. The largest year-over-year increase in direct premiums written was from 2021 to 2022 at 9.5% (from $7,929,000 to $8,678,000).

The smallest was a 1.4% decrease from 2016 to 2017 ($8,680,000 to $6,991,000). For direct premiums earned, the largest increase was 7.9% from 2018 to 2019 ($7,434,000 to $7,691,000) and the smallest was a 0.1% decrease from 2020 to 2021 ($7,857,000 to $7,858,000).

Loss Ratios for Fidelity

The loss ratio data for Fidelity in Nebraska displays notable variations across the years. In 2015, the loss ratio percentage was 34.36%, which is considerably higher compared to 2017's low of 3.88%. Interestingly, data for 2016 and 2018 are not available, making it challenging to discern any trends during those years.

From 2019 to 2022, the loss ratios show fluctuations, with the highest percentage of 28.78% in 2021 and the lowest of 12.01% in 2020. The year 2019 saw a loss ratio of 27.86%, which then dropped by 15.85 percentage points in 2020. However, the loss ratio increased again in 2021, reaching 28.78%, before dropping to 17.57% in 2022.

Direct and Earned Premiums for Surety

The data shows that direct premiums written and earned for surety insurance in Nebraska fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $36,545,000 in 2016, while the highest was $52,985,000 in 2021. This represents an increase of over 45% from the low point in 2016 to the high point in 2021.

Direct premiums written increased overall from 2015 to 2022, with the exception of a dip from $38,339,000 in 2015 to $36,545,000 in 2016. The largest year-over-year increase was from 2020 to 2021, when direct premiums written grew by $5,664,000 or 12% (from $47,321,000 to $52,985,000). Direct premiums earned followed a similar pattern, with the lowest amount being $33,098,000 in 2016 and the highest being $53,387,000 in 2022.

This was an increase of over 61% from 2016 to 2022. The largest year-over-year increase in direct premiums earned was from 2020 to 2021, growing by $8,883,000 or 17% (from $51,146,000 to $60,029,000).

Loss Ratios for Surety

The Surety loss ratio data for Nebraska displays a fluctuating trend over the years. In 2016, the loss ratio was relatively high at 9.76%, dropping significantly to 3.04% in 2017. It rose again to 9.04% in 2018, only to dramatically drop to 0.73% in 2019.

This decrease marks the lowest loss ratio in the observed period, which then modestly increased to 2.15% in 2020. In the subsequent years, the loss ratios increased but remained relatively stable, with 8.51% in 2021 and 7.16% in 2022. 

Direct and Earned Premiums for Warranty

The data shows that direct premiums written and direct premiums earned for warranty insurance in Nebraska fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $4,539,000 in 2015. The highest was $8,158,000 in 2020, representing an increase of 80% over the period.

Direct premiums written increased each year from 2015 to 2020, before decreasing in 2021 and 2022. The largest year-over-year increase was from 2019 to 2020, when direct premiums written grew by $1,555,000 or 23.5% (from $6,603,000 to $8,158,000). Direct premiums earned followed a similar pattern, but lagged behind direct premiums written as expected. The lowest direct premiums earned was $3,799,000 in 2015. The highest was $6,727,000 in 2021. This represents a 77% increase over the period.

The largest difference between direct premiums written and earned came in 2020, when premiums written were $8,158,000 and premiums earned were $5,484,000 - a difference of $2,674,000 or 32.8%. This gap closed in 2021, when premiums written were $7,151,000 and premiums earned were $6,727,000 - a difference of just $424,000 or 5.9%.

Loss Ratios for Warranty

The loss ratio data for Warranty line of business in Nebraska presents notable patterns across the years. From 2015 to 2018, the loss ratios remained relatively stable, hovering around the mid-40s, with 45.69% in 2015, 53.55% in 2016, 47.63% in 2017, and 45.59% in 2018.

However, a significant increase in loss ratios occurred in 2019, reaching 69.56%, followed by a slightly lower yet elevated loss ratio of 63.13% in 2020. This upward trend continued into 2021 and 2022, with loss ratios of 63.56% and 70.34%, respectively.