Market Trends

Direct and Earned Premiums for Fire

The data shows that direct premiums written and earned for fire insurance in New Hampshire fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $33,578,000 in 2017, while the highest was $54,142,000 in 2022. This represents an increase of over 60% from the low point in 2017 to the high point in 2022.

Direct premiums written increased each year from 2017 to 2022, with the exception of 2018 which saw a slight decrease from $33,578,000 in 2017 to $36,065,000 in 2018. The largest year-over-year increase in direct premiums written was from 2020 to 2021, when it grew by $6,113,000 or 13.8% (from $44,315,000 to $50,428,000).

For direct premiums earned, the lowest amount was $33,381,000 in 2018 and the highest was $51,359,000 in 2022. This represents a 53.9% increase from 2018 to 2022. The largest year-over-year increase in direct premiums earned was also from 2020 to 2021, growing by $7,431,000 or 17.6% (from $42,244,000 to $49,675,000).

Loss Ratios for Fire

The loss ratio data for Fire Insurance in New Hampshire displays notable fluctuations and trends between 2015 and 2022. The loss ratios exhibit significant variability, with the lowest ratio of 18.55% in 2021 and the highest of 59.88% in 2016. Between 2015 and 2016, there was a substantial increase in the loss ratio, rising from 23.16% to 59.88%. Following this spike, the loss ratio declined to 23.48% in 2017, a level similar to that of 2015.

A gradual increase occurred from 2017 to 2020, with the loss ratio reaching 37.05% in 2020. Interestingly, there was a sharp decline in 2021, with the loss ratio dropping to its lowest point at 18.55%. However, the loss ratio rebounded in 2022, reaching 58.86%, a level almost as high as the peak in 2016.

Direct and Earned Premiums for Allied Lines

The data shows that direct premiums written and direct premiums earned for allied lines insurance in New Hampshire fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $27,278,000 in 2017, while the highest was $43,582,000 in 2022.

Direct premiums written increased each year from 2017 to 2022, with the exception of a slight decrease from $42,383,000 in 2021 to $43,582,000 in 2022. The largest year-over-year increase in direct premiums written was from 2019 to 2020, when it grew by $49,686,000 or 15%.

Direct premiums earned followed a similar pattern to direct premiums written over the period, with the lowest amount being $27,670,000 in 2017 and the highest being $40,871,000 in 2021. The largest year-over-year increase in direct premiums earned was also from 2019 to 2020, growing by $39,044,000 or 12%.

Loss Ratios for Allied Lines

The loss ratio data for Allied Lines in New Hampshire presents some noteworthy trends. The data seems to fluctuate, with the loss ratios ranging from a low of 11.77% in 2020 to a high of 47.53% in 2017. In the earlier years, from 2015 to 2017, there was a significant increase from 43.63% to 47.53%, followed by a drop to 28.32% in 2016. This trend of fluctuation continued into the following years, with 2018 and 2019 recording loss ratios of 33.26% and 37.4% respectively.

The most drastic decrease was observed in 2020, with the loss ratio falling to 11.77%. However, this was followed by an increase in 2021 and 2022, with the ratios rising to 28.78% and 30.43% respectively.

Direct and Earned Premiums for Multi-Peril Crop

The data shows that direct premiums written and direct premiums earned for Federal Multi-Peril Crop insurance in New Hampshire fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $360,000 in 2021, while the highest was $822,000 in 2016.

Direct premiums written increased from $465,000 in 2015 to a peak of $822,000 in 2016, before decreasing to $360,000 in 2021. Similarly, direct premiums earned ranged from a low of $361,000 in 2019 to a high of $647,000 in 2015.

There was a notable decrease from $647,000 in 2015 down to $442,000 in 2016. The largest year-over-year increase in direct premiums written was from 2015 to 2016, when it grew by $357,000 or 76.8% (from $465,000 to $822,000). The largest year-over-year decrease was from 2016 to 2017, when direct premiums written fell by $453,000 or 55.1% (from $822,000 to $369,000).

Loss Ratios for Multi-Peril Crop

The Federal Multi-Peril Crop loss ratios in New Hampshire display significant fluctuations and trends during the years 2015 to 2022. In 2015, the loss ratio was relatively low at 9.84%, but it skyrocketed to 170.15% in 2016, marking a substantial increase. A decline followed in 2017, with the loss ratio dropping to 141.59%, yet it remained considerably high.

The period from 2018 to 2019 witnessed a consistent decrease in loss ratios, with 75.1% in 2018 and 45.32% in 2019. However, data for 2020 is unavailable. The year 2021 exhibited a drastic upswing, reaching a peak of 183.81%. Interestingly, this is the highest recorded loss ratio in the given timeframe. Finally, the loss ratio in 2022 declined significantly to 54.13%.

Direct and Earned Premiums for Federal Flood

The data shows that direct premiums written and direct premiums earned for federal flood insurance in New Hampshire fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $6,157,000 in 2022, down from $7,326,000 in 2015.

The highest amount was $7,613,000 in 2019. Direct premiums written increased from 2015 to 2019, going from $7,326,000 to a peak of $7,613,000. There was then a decline from 2019 to 2022, with premiums dropping to $6,157,000 in 2022. This represents an overall decrease of 15.9% from 2015 to 2022. The pattern for direct premiums earned is similar. The lowest amount was $6,854,000 in 2022, down from $7,735,000 in 2015. The highest amount earned was $7,556,000 in 2019. Premiums earned declined after 2019, falling to $6,854,000 in 2022.

This is an overall decrease of 11.4% from 2015 to 2022. The largest year-over-year increase in direct premiums written was from 2018 to 2019, when premiums grew by $481,000 or 6.5% (from $7,392,000 to $7,613,000). The largest decline was from 2020 to 2021, when premiums dropped by $556,000 or 7.6% (from $7,281,000 to $7,165,000).

Loss Ratios for Federal Flood

The Federal Flood loss ratio data for New Hampshire exhibits notable variations across the years, with some years having missing data (*). From the available information, the loss ratio percentages ranged between 6.9% in 2016 and 29.65% in 2018. In particular, there was a steady increase in loss ratio percentages from 2016 to 2018, with 2017 witnessing a 17.92% loss ratio. Post-2018, the available data for 2021 and 2022 demonstrates a decline in loss ratios, with 11.31% and 14.55% recorded, respectively.

Direct and Earned Premiums for Private Crop

The premiums data for Private Crop insurance in Maine is also unavailable.

Loss Ratios for Private Crop

The loss ratio data for Private Crop insurance in Maine is also unavailable.

Direct and Earned Premiums for Private Flood

The data shows that direct premiums written and direct premiums earned for private flood insurance in New Hampshire fluctuated between 2016 and 2022. The lowest amount of direct premiums written was $1,457,000 in 2019. The highest was $3,421,000 in 2022. This represents an increase of over 135% from the low in 2019 to the high in 2022.

Direct premiums written increased each year from 2019 to 2022. The largest year-over-year increase was from 2021 to 2022, when direct premiums written grew by $549,000 or 19.1% (from $2,872,000 to $3,421,000). The smallest year-over-year increase was 4.8%, from $1,694,000 in 2020 to $1,773,000 in 2021. For direct premiums earned, the lowest amount was $531,000 in 2016 and the highest was $3,128,000 in 2022. This is an increase of over 490% between those years.

Direct premiums earned grew each year except for a dip from $2,012,000 in 2017 down to $1,646,000 in 2018. The largest year-over-year growth in direct premiums earned was from 2021 to 2022, increasing by $689,000 or 28.3% (from $2,439,000 to $3,128,000).

Loss Ratios for Private Flood

The loss ratio for Private Flood insurance in New Hampshire demonstrates considerable fluctuations from 2016 to 2022. The loss ratio was relatively low at 0.25% in 2016, but witnessed a notable spike to 12.61% in 2017.

The data for 2018 is unavailable, yet the loss ratios for 2019 and 2020 show a modest increase, sitting at 3.33% and 4.76%, respectively. A slight uptick was noted in 2021 with a loss ratio of 4.9%. However, a dramatic shift can be observed in 2022, where the loss ratio surged to 39.46%.

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 New Hampshire fluctuated but generally increased from 2015 to 2022. The lowest amount of direct premiums written was $3,150,000 in 2015.

The highest amount was $3,595,000 in 2022. This represents an increase of over 14% over the 8 year period. The direct premiums written increased each year from 2015 to 2017, with the highest year-over-year increase of 4.7% occurring from 2016 to 2017 (from $3,134,000 to $3,219,000). The only year-over-year decrease was a slight 0.6% drop from 2017 to 2018 (from $3,219,000 to $3,180,000).

The largest year-over-year increase was 7.6%, from $3,307,000 in 2020 to $3,595,000 in 2022. The direct premiums earned followed a similar pattern, with the lowest amount being $3,053,000 in 2015 and the highest being $3,543,000 in 2022, a 16% increase.

Loss Ratios for Farmowners Multiple Peril

The loss ratio for Farmowners Multiple Peril insurance in New Hampshire exhibits considerable fluctuations from 2015 to 2022. The data ranges from a maximum of 119.51% in 2015 to a minimum of 6.34% in 2020. Following the peak in 2015, there was a steep drop to 15.21% in 2016. The ratio then rebounded to 56.41% in 2017 before declining again to 20.91% in 2018.

A moderate increase was seen in 2019 with a ratio of 33.89%, followed by a substantial drop to 6.34% in 2020. The next two years saw a recovery in the loss ratios, with 2021 registering 35.83% and 2022 showing an appreciable rise to 54.47%.

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 New Hampshire increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $383,096,000 in 2015. By 2022, this had increased to $522,724,000, representing an overall increase of 36% over the 8 year period.

Direct premiums earned followed a similar trajectory, growing from $375,508,000 in 2015 to $499,073,000 in 2022, an increase of 33%. Looking year-over-year, the largest single increase in direct premiums written was from 2021 to 2022, when it grew by $42,858,000 or 8.9% (from $479,866,000 to $522,724,000). The smallest year-over-year growth rate was 2.6%, from $406,606,000 in 2017 to $417,199,000 in 2018. 

Loss Ratios for Homeowners Multiple Peril

The loss ratio data for Homeowners Multiple Peril in New Hampshire demonstrates notable fluctuations across the years. In 2015, the loss ratio was at its highest, 62.2%, before experiencing a significant drop to 39.39% in 2016.

The 2017 and 2018 figures show a slight increase, with loss ratios of 41.89% and 45.69%, respectively. The 2019 loss ratio remained relatively stable at 45.33%, a marginal decrease compared to 2018. A noticeable decline in the loss ratio occurred in 2020, dropping to 36.72%.

This represents the lowest value in the dataset and a difference of 25.48 percentage points compared to the 2015 peak. The 2021 data shows a slight rebound, with the loss ratio rising to 40.77%. In 2022, the loss ratio exhibited a more substantial increase, reaching 52.86%, marking an upward trend after the 2020 low.

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 New Hampshire increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $231,881,000 in 2015. This increased each year, reaching a high of $314,844,000 in 2022 - representing an increase of over 35% over the 8 year period.

The direct premiums earned followed a similar trajectory, starting at $229,576,000 in 2015 and ending at $304,621,000 in 2022 - an increase of over 32%. The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $27,211,000 or 9.4% (from $289,633,000 to $314,844,000). The smallest increase was 2.1% between 2016 and 2017, from $238,124,000 to $241,972,000.

For direct premiums earned, the biggest jump was also from 2021 to 2022, increasing by $22,593,000 or 8% (from $282,028,000 to $304,621,000). The smallest increase was 1.6% from 2015 to 2016 (from $229,576,000 to $235,201,000).

Loss Ratios for Commercial Multiple Peril

The loss ratio data for Commercial Multiple Peril in New Hampshire between 2015 and 2022 exhibits notable fluctuations. The loss ratios range from a low of 33.1% in 2016 to a high of 48.3% in 2018. The data indicates a general downward trend from 2015 (43.78%) to 2016, followed by an upward trend until 2018.

Interestingly, the loss ratio in 2019 (33.61%) is quite similar to the 2016 figure. From 2019 to 2022, the loss ratios show a consistent increase, with 2021 (44.46%) and 2022 (47.2%) having higher values than the starting year of 2015.

Direct and Earned Premiums for Mortgage Guaranty

The data shows that direct premiums written and direct premiums earned for mortgage guaranty insurance in New Hampshire fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $28,570,000 in 2022, down from $30,010,000 in 2021. The highest amount of direct premiums written was $32,563,000 in 2019.

Direct premiums earned followed a similar pattern. The lowest amount was $27,514,000 in 2015, while the highest was $35,645,000 in 2020. Overall, there was an upward trend in both direct premiums written and earned between 2015 and 2019, with premiums peaking in 2019 for written and 2020 for earned. After 2019/2020, premiums declined each year through 2022.

The largest year-over-year increase in direct premiums written was from 2018 to 2019, when it grew by $4,433,000 or 14.2% (from $31,130,000 to $32,563,000). The largest decline was from 2021 to 2022, dropping by $2,440,000 or -8.1% (from $30,010,000 to $28,570,000). The most significant increase in direct premiums earned was from 2019 to 2020, up $3,203,000 or 9.2% (from $34,742,000 to $35,645,000). The steepest decline was from 2020 to 2021, falling by $3,893,000 or -10.9% (from $35,645,000 to $31,752,000).

Loss Ratios for Mortgage Guaranty

The Mortgage Guaranty loss ratio in New Hampshire exhibits fascinating shifts over the years. A noticeable downward trend is observed from 2015's 37.44% to a marginal 2.61% in 2019. However, 2020 saw a significant rebound to 22.8%, a stark contrast to the previous years' decline.

The most significant drop occurred between 2016 and 2017, where the ratio decreased from 22.4% to 8.62%. The least fluctuation was noted between 2018 and 2019, with a minor decrease from 2.76% to 2.61%.

Direct and Earned Premiums for Ocean Marine

The data shows that direct premiums written and direct premiums earned for ocean marine insurance in New Hampshire increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $11,249,000 in 2015. The highest amount was $17,723,000 in 2022. This represents an increase of over 57% 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 $3,944,000 or 25.7% (from $15,364,000 to $17,308,000). The smallest year-over-year increase was 1.5%, from $11,896,000 in 2017 to $12,007,000 in 2018.

The direct premiums earned followed a similar trend, with the lowest amount being $11,513,000 in 2015 and the highest being $17,218,000 in 2022. This was an increase of 49.5% over the period. As with direct premiums written, the largest year-over-year increase in direct premiums earned was from 2020 to 2021 at 9.8% (from $14,924,000 to $16,383,000). The smallest increase was 0.2% from 2016 to 2017.

Loss Ratios for Ocean Marine

The Ocean Marine Loss Ratio data for New Hampshire presents interesting patterns and variations across the years. A striking observation is the exceptionally high loss ratio of 115.44% in 2015, followed by unreported data in 2016 and 2017. Post 2017, the loss ratios exhibit a downward trend, with 36.68% in 2018 and reaching a low of 33.53% in 2021.

Between 2018 and 2020, there is a gradual increase, with the loss ratio rising from 36.68% to 52.71%. However, this uptrend is short-lived, as the loss ratio declines again in 2021 to 33.53%. The most recent year, 2022, shows a moderate increase to 42.89%.

Direct and Earned Premiums for Inland Marine

The data shows that direct premiums written and direct premiums earned for inland marine insurance in New Hampshire increased substantially from 2015 to 2022. The lowest amount of direct premiums written was $83,979,000 in 2015. This increased each year, with the exception of a small dip from $101,897,000 in 2020 to $120,055,000 in 2021.

The highest amount was $144,324,000 in 2022, representing an increase of 71.9% from 2015. Similarly, direct premiums earned started at $82,370,000 in 2015 and increased steadily to $137,981,000 in 2022, a growth of 67.5%.

The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $24,269,000 or 20.2% (from $120,055,000 to $144,324,000). The smallest year-over-year increase was just 2.2%, from $89,810,000 in 2016 to $91,845,000 in 2017. For direct premiums earned, the biggest jump was also from 2021 to 2022, increasing by $23,732,000 or 20.8% (from $114,249,000 to $137,981,000). The smallest increase was 1.6%, from $90,790,000 in 2017 to $92,334,000 in 2018.

Loss Ratios for Inland Marine

The Inland Marine loss ratio data for New Hampshire reveals considerable fluctuations over the years. The loss ratios range from a low of 18.85% in 2016 to a high of 58.52% in 2020. The figures from 2015 to 2018 show a notable increase, particularly between 2016 and 2018 where the rate jumped from 18.85% to 58.05%. However, 2019 saw a sharp decline to 30.26%, followed by a peak in 2020 at 58.52%. The subsequent years, 2021 and 2022, saw a decrease to 34.71% and 37.04% respectively.

Direct and Earned Premiums for Financial Guaranty

The data shows that direct premiums written and direct premiums earned for financial guaranty insurance in New Hampshire decreased significantly from 2015 to 2022. In 2015, direct premiums written were $365,000 while direct premiums earned were $2,102,000.

By 2022, direct premiums written had dropped to $0 and direct premiums earned were only $139,000. Direct premiums written declined each year from 2015 to 2019, falling from $365,000 in 2015 to $0 in 2019. The largest year-over-year decrease was from 2016 to 2017, when direct premiums written fell by $189,000 or 62.8% (from $301,000 to $112,000).

Similarly, direct premiums earned also decreased each year over the period. The biggest drop was from 2015 to 2016, when direct premiums earned declined by $854,000 or 40.6% (from $2,102,000 to $1,248,000). By 2022, direct premiums earned were only $139,000, representing a 93.4% decrease from the 2015 amount of $2,102,000.

Loss Ratios for Commercial Financial Guaranty

The Financial Guaranty loss ratio data for New Hampshire 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 New Hampshire fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $37,784,000 in 2015. This increased significantly to $64,685,000 in 2016, representing a 71% increase year-over-year.

However, direct premiums written then decreased to $39,959,000 in 2017, a 38% decrease from 2016. Direct premiums written steadily increased from 2017 to 2022, with the highest amount being $58,752,000 in 2022. This was a 47% increase from the low point in 2017. The largest year-over-year increase in direct premiums written was from 2015 to 2016 at 71%, while the smallest was from 2020 to 2021 at -1%. The pattern for direct premiums earned is similar, but lags behind direct premiums written, as expected.

The lowest amount was $37,770,000 in 2015, increasing to $56,749,000 in 2022. This represents a 50% increase over the period. The lag effect can be seen - for example, the large 71% increase in direct premiums written from 2015 to 2016 is reflected in the 54% increase in direct premiums earned from 2016 to 2017.

Loss Ratios for Medical Professional Liability

The Medical Professional Liability loss ratio data for New Hampshire demonstrates considerable fluctuations over the years. Between 2015 and 2016, the loss ratios were relatively stable, increasing slightly from 48.64% to 49.14%. However, a dramatic surge occurred in 2017, with the loss ratio reaching an unprecedented 118.19%. This peak was followed by a decline to 78.71% in 2018, indicating a downward trend.

Despite the downward trend in 2018, the loss ratio rebounded to 61.26% in 2019, only to rise further to 93.25% in 2020. This increase suggests a shift in the trend, as the loss ratio did not stabilize at lower levels. The years 2021 and 2022 showcased a slight decrease and increase in loss ratios, settling at 64.28% and 77.03%, respectively.

Direct and Earned Premiums for Earthquake

The data shows that direct premiums written and direct premiums earned for earthquake insurance in New Hampshire fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $2,579,000 in 2015. This increased each year until 2019, when it reached a high of $3,262,000.

Direct premiums written then decreased to $3,001,000 in 2020 before spiking to $5,072,000 in 2021. In 2022 it dropped back down to $2,759,000. Direct premiums earned followed a similar pattern to direct premiums written. The lowest amount was $2,587,000 in 2015. This increased steadily to a high of $3,061,000 in 2019, before dropping slightly to $3,134,000 in 2020. 2021 saw a large spike to $4,937,000 in direct premiums earned, before falling in 2022 to $2,436,000.

The largest year-over-year increase for direct premiums written was from 2020 to 2021, when it grew by $2,071,000 or 69%. The smallest year-over-year increase was just 1.9% from 2015 to 2016. For direct premiums earned, the biggest jump was also from 2020 to 2021, increasing by $1,803,000 or 57.5%. The smallest increase was 0.5% from 2015 to 2016.

Loss Ratios for Earthquake

The loss ratio data for Earthquake insurance in New Hampshire is unavailable.

Direct and Earned Premiums for Workers Compensation

The data shows that direct premiums written and direct premiums earned for workers compensation insurance in New Hampshire fluctuated between 2015 and 2022. The highest amount of direct premiums written was $265,035,000 in 2015. This decreased to $201,391,000 in 2020 before rebounding to $228,355,000 in 2022.

Direct premiums earned followed a similar pattern, with the highest amount being $265,872,000 in 2015 and the lowest being $205,551,000 in 2020. The largest year-over-year decrease for direct premiums written was from 2017 to 2018, when it dropped by $7,022,000 or 2.9% (from $243,026,000 to $236,004,000).

Overall, direct premiums written decreased by 13.8% from 2015 to 2022, going from $265,035,000 down to $228,355,000. Meanwhile, direct premiums earned decreased by 14.1% over the same period, going from $265,872,000 down to $228,421,000.

Loss Ratios for Workers Compensation

The Workers Compensation loss ratio data for New Hampshire shows noticeable variation from 2015 to 2022. The loss ratio in 2015 started at 45.58%, then somewhat dipped to 43.58% in 2016. It again rose marginally to 45.32% in 2017, followed by a steeper decline to 41.4% in 2018. A significant drop was observed in 2019, with the loss ratio falling to 33.95%.

However, this downward trajectory didn't last long as the ratio rebounded to 45.67% in 2020. A further increase was seen in 2021 with the ratio reaching 47.33%, the highest in the observed period. The loss ratio in 2022 at 40.07% showed a decrease from the previous year, but remained elevated compared to the 2019 low.

Direct and Earned Premiums for Product Liability

The data shows that direct premiums written and direct premiums earned for products liability insurance in New Hampshire fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $11,321,000 in 2016. The highest amount was $17,120,000 in 2022.

Direct premiums written increased overall during the period, with the largest year-over-year increase occurring between 2021 and 2022, when direct premiums written grew by $4,915,000 or 34.6% (from $14,205,000 to $17,120,000).

Direct premiums earned followed a similar pattern to direct premiums written. The lowest amount was $11,220,000 in 2017 and the highest was $16,707,000 in 2022. The largest year-over-year increase in direct premiums earned was also between 2021 and 2022, growing by $3,395,000 or 25.5% (from $13,312,000 to $16,707,000).

Loss Ratios for Product Liability

The Products Liability loss ratio data for New Hampshire showcases intriguing volatility over the observed years. The loss ratios exhibit a wide range, from a high of 153.89% in 2016 to a low of 6.04% in 2018. Notably, there is a significant plunge from 153.89% in 2016 to 9.86% in 2017, indicating a substantial decrease in losses relative to premiums earned. Data for 2019 and 2020 is unavailable, making trend analysis for these years challenging. However, in the years following, there's a slight but steady increase, with 2021 recording a loss ratio of 12.55%, followed by a further rise to 20.8% 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 New Hampshire increased overall from 2015 to 2022. The lowest amount of direct premiums written was $769,193,000 in 2015. This steadily increased each year, with the highest amount being $979,413,000 in 2022. This represents an overall increase of 27.3% over the 8 year period.

Direct premiums earned followed a similar trajectory, starting at $750,230,000 in 2015 and reaching $954,902,000 in 2022, an overall increase of 27.2%. The largest year-over-year increase for direct premiums written was from 2021 to 2022, when it grew by $53,163,000 or 5.7% (from $926,250,000 to $979,413,000). The smallest increase was 1.8% from 2020 to 2021 (from $890,016,000 to $926,250,000).

For direct premiums earned, the biggest jump was 6.2% from 2020 to 2021 (from $902,577,000 to $926,022,000). The smallest increase was 1.1% from 2018 to 2019 (from $872,821,000 to $905,674,000).

Loss Ratios for Private Passenger Auto

The Loss Ratio Percentage for Private Passenger Auto Total in New Hampshire, from 2015 to 2022, illustrates intriguing patterns. Loss ratios remained fairly steady from 2015 to 2017, with slight increases from 59.64% to 60.47%. However, a consistent decrease was observed from 2017 to 2020, notably dropping to 47.66% in 2020.

An abrupt upturn in the loss ratio is visible in 2021, as it climbed to 57.02%, followed by a sharp increase to 69.29% in 2022, the highest recorded in the eight-year period. This data shows a period of relative stability, followed by a significant decrease and a subsequent dramatic increase.

The fluctuation in the loss ratio percentage reflects volatility in the Private Passenger Auto Total line of business in New Hampshire.

Direct and Earned Premiums for Commercial Auto

The data shows that direct premiums written and direct premiums earned for commercial auto liability insurance in Massachusetts increased overall from 2015 to 2022. The lowest amount of direct premiums written was $778,676,000 in 2015. The highest was $1,172,110,000 in 2022. This represents an increase of over 50% over the 8 year period.

Direct premiums written increased each year from 2015 to 2019, with the largest year-over-year increase of $97,999,000 or 10.5% occurring from 2018 to 2019 (from $946,265,000 to $1,035,256,000). The only year-over-year decrease was in 2020, when direct premiums written dropped by $69,959,000 or 6.8% (from $1,035,256,000 in 2019 to $966,297,000 in 2020). Direct premiums written then rebounded with a 14.0% increase in 2021 over 2020 and a 6.4% increase in 2022 over 2021. The pattern for direct premiums earned is similar, though the amounts are slightly lower each year than the direct premiums written.

The lowest direct premiums earned was $753,506,000 in 2015 and the highest was $1,139,147,000 in 2022, an increase of over 50%. The largest year-over-year increase was 10.3% from 2018 to 2019 (from $914,537,000 to $974,386,000). There was a 1.1% decrease from 2019 to 2020, followed by increases of 11.4% in 2021 over 2020 and 6.0% in 2022 over 2021.

Loss Ratios for Commercial Auto

Observing the loss ratio percentages of Commercial Auto Total in New Hampshire, we can identify certain patterns and variations over the years. A high of 67.87% was noted in 2017, while the lowest, 35.03%, occurred in 2021.

The loss ratios showed a decrease from 60.14% in 2015 to 52.09% in 2016, followed by the aforementioned peak in 2017. A drop to 53.68% in 2018 was followed by a slight increase to 56.59% in 2019. The years 2020 and 2021 saw a notable decline in loss ratios to 43.38% and 35.03% respectively.

Direct and Earned Premiums for Aircraft

The data shows that direct premiums written and direct premiums earned for aircraft insurance in New Hampshire fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $5,791,000 in 2015. This increased to $6,041,000 in 2016 before dropping slightly to $5,931,000 in 2017.

Direct premiums written then remained relatively steady between $5,888,000 and $5,967,000 from 2018 to 2019. In 2020, there was a sizable jump to $8,007,000 in direct premiums written. This grew again in 2021 to $10,638,000. The largest year-over-year increase came between 2021 and 2022, when direct premiums written grew by $3,986,000 or 37.5% (from $10,638,000 to $13,624,000).

The direct premiums earned followed a similar pattern to the direct premiums written, with some lag as expected. The lowest amount of direct premiums earned was $5,827,000 in 2016. The highest was $12,531,000 in 2022. This represents an increase of over 115% from the low in 2016 to the high in 2022.

Loss Ratios for Aircraft

The loss ratio data for Aircraft insurance in New Hampshire showcases notable fluctuations between 2015 and 2022. The loss ratios range from a minimum of 2.22% in 2015 to a peak of 57.12% in 2016, exhibiting a significant increase within just one year. Following this peak, the loss ratio dropped to 30.68% in 2017, demonstrating a considerable decline.

However, the loss ratios rebounded to 48.54% in 2018 and slightly decreased to 41.88% in 2019. A sharp reduction occurred in 2020, with the loss ratio reaching a low of 15.9%. The subsequent years, 2021 and 2022, experienced relatively higher loss ratios at 40.5% and 52.52%, respectively.

Direct and Earned Premiums for Fidelity

The data shows that direct premiums written and direct premiums earned for fidelity insurance in New Hampshire increased overall from 2015 to 2022. The lowest amount of direct premiums written was $3,561,000 in 2015.

This steadily increased each year, with the exception of a dip from $4,107,000 in 2017 to $4,300,000 in 2018. The highest direct premiums written was $6,164,000 in 2022, representing an increase of 73% from 2015. Similarly, direct premiums earned started at $3,520,000 in 2015 and reached $5,722,000 in 2022, an increase of 63%. The largest year-over-year increase in direct premiums written was from 2021 to 2022 at 14.7% (from $5,375,000 to $6,164,000).

The smallest was the dip from 2017 to 2018 at -4.6% mentioned above. For direct premiums earned, the largest increase was 15.1% from 2020 to 2021 (from $4,872,000 to $5,228,000). The smallest was from 2018 to 2019 at 3.5% (from $4,402,000 to $4,556,000).

Loss Ratios for Fidelity

The Fidelity loss ratio data for New Hampshire presents some notable findings over the years. A considerable fluctuation in loss ratios is evident, with the highest value observed in 2017 at 66.2% and the lowest in 2018 at 15.8%. Interestingly, the years 2015 and 2017 exhibit similar loss ratio percentages, 62.47% and 66.2%, respectively, indicating a temporary spike in loss ratios during these periods.

It is worth noting that the data for 2019 is unavailable, which limits the insights for that year. However, from 2020 to 2022, the loss ratios show a gradual increase, with 17.27% in 2020, 27.01% in 2021, and 26.01% in 2022. Despite this rise, these values remain significantly lower than the earlier spike in 2017.

Direct and Earned Premiums for Surety

The data shows that direct premiums written and direct premiums earned for surety insurance in New Hampshire fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $15,683,000 in 2015. This increased to $17,334,000 in 2016 before dropping slightly to $16,996,000 in 2017.

Direct premiums written then increased steadily from 2018 to 2022, with the highest amount of $23,792,000 in 2022. This represents an overall increase of 51.6% from 2015 to 2022. Direct premiums earned followed a similar pattern, starting at $15,820,000 in 2015 and reaching $21,452,000 in 2022, for an overall increase of 35.5%. The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $3,484,000 or 17.2% (from $20,308,000 to $23,792,000).

The smallest year-over-year increase was just 0.2% from 2016 to 2017. In most years, direct premiums earned lagged slightly behind direct premiums written. The gap between the two metrics was smallest in 2015 ($135,000 difference) and largest in 2020 ($1,588,000 difference).

Loss Ratios for Surety

The Surety Loss Ratio in New Hampshire demonstrates substantial fluctuations over the eight-year period. The ratio remained under 1% until 2017, and surged dramatically to 6.81% in 2018. The most significant spike occurred in 2020, where it hit a high of 61.88%, marking an increase of over 1600% from the previous year.

However, the loss ratio saw a sharp decline to 24.3% in 2021, almost a 60% decrease from 2020. By 2022, the ratio returned to its earlier trend, plunging to an all-time low of 0.58%. Between 2015-2017, the loss ratio was relatively stable, with a slight decrease each year, from 1.89% to 0.72%.

Direct and Earned Premiums for Warranty

The data shows that direct premiums written and direct premiums earned for the 'All Other' line of business in New Hampshire increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $16,541,000 in 2015. The highest amount was $29,417,000 in 2022. This represents an increase of over 78% 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 $7,807,000 or 31.4% (from $24,892,000 to $26,699,000). The smallest year-over-year increase was 1.9%, from $19,626,000 in 2017 to $20,299,000 in 2018.

The direct premiums earned followed a similar trend, with the lowest amount being $16,278,000 in 2015 and the highest being $27,887,000 in 2022. This was an increase of over 71% over the period. The largest year-over-year increase in direct premiums earned was also from 2020 to 2021 at 7.6% (from $23,647,000 to $25,456,000). The smallest increase was 0.6% from 2016 to 2017.

Loss Ratios for Warranty

The Warranty loss ratio in New Hampshire displays a dynamic pattern from 2015 to 2022. The data commences with a 51.64% loss ratio in 2015, which then dips to 43.13% in 2016 and plunges further to its lowest point of 38.39% in 2017. This downward trend reverses in 2018, climbing to 43.79%.

The year 2019 sees the peak of this period, with the loss ratio reaching 50.67%. A significant drop follows in 2020, bringing the loss ratio down to 40.44%. The subsequent years, 2021 and 2022, exhibit a steady increase with a 42.75% and 49.53% loss ratio, respectively.