Market Trends

Direct and Earned Premiums for Fire

The data shows that direct premiums written and direct premiums earned for fire insurance in Oregon increased substantially from 2015 to 2022.

The lowest amount of direct premiums written was $81,603,000 in 2017. This increased to $190,943,000 in 2022, representing an overall increase of 134% over the 8 year period. Direct premiums earned followed a similar upward trend, growing from $90,451,000 in 2015 to $175,148,000 in 2022, an increase of nearly 94%. Looking year-over-year, the largest increase in direct premiums written was from 2021 to 2022, when it grew by $57,558,000 or 35%.

The smallest year-over-year increase was 2% between 2016 and 2017. For direct premiums earned, the biggest jump was from 2019 to 2020, increasing by $22,446,000 or 21%. The smallest increase was 3% between 2015 and 2016.

Loss Ratios for Fire

The loss ratio data for Fire Insurance in Oregon showcases fluctuating trends over the examined years. Loss ratios ranged from a low of 41.95% in 2015 to a staggering high of 152.23% in 2020. Moving forward, loss ratios in 2021 and 2022 decreased to 73.15% and 107.24%, respectively, but still remained elevated compared to previous years.

From 2015 to 2017, there was a noticeable increase in the loss ratio, culminating at 66.92% in 2017. This was followed by a slight decrease to 51.32% in 2018, before bouncing back to 53.8% in 2019. The period from 2019 to 2020 witnessed a dramatic surge, more than doubling the previous year's loss ratio.

Direct and Earned Premiums for Allied Lines

The data shows that direct premiums written and direct premiums earned for allied lines insurance in Oregon fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $60,687,000 in 2017, while the highest was $131,329,000 in 2022.

Direct premiums written increased each year from 2017 to 2022, with the exception of a dip from $72,262,000 in 2015 to $67,607,000 in 2016. The largest year-over-year increase in direct premiums written was from 2020 to 2021, when it grew by $16,651,000 or 16.4% (from $101,657,000 to $118,308,000).

Similarly, direct premiums earned followed a similar pattern, with the lowest amount being $63,860,000 in 2017 and the highest being $123,895,000 in 2022. Direct premiums earned declined from 2015 to 2016 before increasing steadily from 2017 to 2022. The biggest year-over-year jump was from 2020 to 2021, when direct premiums earned increased by $17,350,000 or 18.5% (from $93,542,000 to $110,892,000).

Loss Ratios for Allied Lines

The loss ratio data for Allied Lines in Oregon reveals noteworthy variations over the years. The loss ratios fluctuated significantly, with a low of 23.29% in 2015 and a peak of 112.01% in 2017. This unusual surge in 2017 calls for further exploration into the possible reasons behind this spike.

Following 2017, there was a considerable drop to 33.56% in 2018, hinting at effective corrective measures taken. In the subsequent years, 2019 and 2020, the loss ratios climbed again to 79.18% and 84.55%, respectively. However, there's a silver lining in the data for 2021 and 2022, as the loss ratios show a relative consistency at 53.83% and 53.85% 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 Oregon increased substantially from 2015 to 2022. The lowest amount of direct premiums written was $28,452,000 in 2015. This steadily increased each year, with the highest amount being $120,645,000 in 2021.

This represents an impressive 324% increase over the 7 year period. Similarly, direct premiums earned grew from $29,473,000 in 2015 to $92,750,000 in 2021, a 214% increase. The largest year-over-year increase in direct premiums written was from 2019 to 2020, when it grew by $17,685,000 or 27.5% (from $64,290,000 to $81,975,000).

In 2022, direct premiums written decreased to $105,186,000, a drop of 12.8% from the 2021 high. However, direct premiums earned reached its peak of $123,190,000 in 2022, representing a 33% increase from 2021.

Loss Ratios for Multi-Peril Crop

The loss ratio data for the Federal Multi-Peril Crop in Oregon displays notable variations over the analyzed years. The data peaks at an extraordinarily high loss ratio of 182.98% in 2015, followed by a considerable drop to 90.25% in 2016 and a gradual decrease to 74.9% in 2017.

This downward trend continues until 2019, where it reaches a low of 75.41%. The trend reverses in 2020, with the loss ratio surging to 146.11%. This upward trend persists into 2021, reaching a high of 165.37%, which is almost a return to the 2015 peak. However, 2022 witnesses a reduction in the loss ratio to 112.62%.

Direct and Earned Premiums for Federal Flood

The data shows that direct premiums written and direct premiums earned for federal flood insurance in Oregon fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $14,516,000 in 2022, down from $18,118,000 in 2021. This represents a decrease of 19.9%. The highest amount of direct premiums written was $19,241,000 in 2015. Direct premiums earned followed a similar pattern, with the lowest amount being $16,431,000 in 2022, down from $17,610,000 in 2021, a decrease of 6.7%. The highest direct premiums earned was $19,908,000 in 2015.

Overall, direct premiums written decreased from $19,241,000 in 2015 to $14,516,000 in 2022, representing an overall drop of 24.5% over the 8 year period. Direct premiums earned decreased at a slightly lower rate from $19,908,000 in 2015 to $16,431,000 in 2022, a 17.4% decrease.

The largest year-over-year decrease for direct premiums written was from 2021 to 2022, when premiums dropped by 19.9% (from $18,118,000 to $14,516,000). The smallest year-over-year decrease was just 0.3% from 2016 to 2017 (from $19,187,000 to $19,183,000).

Loss Ratios for Federal Flood

The Federal Flood loss ratio percentage for Oregon presents some interesting patterns from 2015 to 2022. The data varies from as low as 0.81% in 2022 to a high of 18.35% in 2016. The sharp increase in 2016 suggests a year of high claims, which then drops to 13.59% in 2017.

The data reveal a significant downtrend from 2016 to 2022, particularly striking is the reduction to just 1.59% in 2020 and further to 0.81% in 2022. The unavailability of data for 2019 makes it challenging to establish a comprehensive understanding of the trend in that year.

Direct and Earned Premiums for Private Crop

The data shows that direct premiums written and direct premiums earned for private crop insurance in Oregon fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $2,704,000 in 2017. The highest amount was $4,418,000 in 2022.

This represents an increase of 63.5% from the low in 2017 to the high in 2022. Direct premiums written decreased from $3,226,000 in 2015 to $2,705,000 in 2016, a 16.1% decrease. It remained relatively flat from 2016 to 2017, with a slight dip from $2,706,000 to $2,704,000. There was then an increase each year from 2017 to 2022, with the exception of a dip from $2,989,000 in 2019 to $2,854,000 in 2020. The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $1,680,000 or 61.3% (from $2,738,000 to $4,418,000).

The trends for direct premiums earned are very similar to direct premiums written over the period, with the lowest amount of $2,702,000 in 2017 and the highest of $4,401,000 in 2022. This represents a 63.0% increase. The only minor difference is that direct premiums earned was slightly higher than direct premiums written in 2019 and 2021.

Loss Ratios for Private Crop

The loss ratio data for Private Crop insurance in Oregon displays considerable variability across the years. A low of 18.7% is witnessed in 2017, while the highest value, 243.01%, is recorded in 2020. The year 2018 also shows a significant surge, with a loss ratio of 196.89%. In contrast, the years 2019, 2021, and 2022 demonstrate relatively consistent loss ratios of 86.41%, 65.11%, and 68.08% respectively.

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 Oregon increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $64,656,000 in 2015.

This increased each year, reaching $91,969,000 in 2022 - an increase of over 42% over the 8 year period. Similarly, direct premiums earned were $63,835,000 in 2015, increasing to $86,265,000 in 2022 - a 35% increase. The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $11,956,000 or 14.8% (from $81,013,000 to $91,969,000).

The smallest increase was 2.1% from 2016 to 2017 ($66,267,000 to $67,015,000). For direct premiums earned, the biggest jump was also from 2021 to 2022, increasing by $8,344,000 or 10.7% (from $77,921,000 to $86,265,000). The smallest increase was 1.5% from 2015 to 2016 ($63,835,000 to $65,650,000).

Loss Ratios for Farmowners Multiple Peril

The Farmowners Multiple Peril loss ratio data for Oregon displays significant fluctuations over the examined period. Loss ratios ranged from a low of 47.91% in 2016 to an extraordinary high of 112.73% in 2020.

This spike in 2020 is a clear outlier, which could potentially be attributed to an unusual event or shift in underwriting practices. In the years prior to this peak, the loss ratios exhibited an unstable trend, from 54.76% in 2015, falling to 47.91% in 2016, then escalating to 81.37% in 2017, before declining again to 61.68% by 2019.

However, in the post-2020 period, there appears to be a trend towards stabilization with loss ratios of 60.47% and 54.06% recorded for 2021 and 2022 respectively.

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 Oregon increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $749,220,000 in 2015. The highest amount was $1,209,361,000 in 2022. This represents an increase of over 61% 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 $167,777,000 or 15.8% (from $1,062,584,000 to $1,209,361,000). The smallest year-over-year increase was 6.5%, from $771,744,000 in 2017 to $868,227,000 in 2018. The direct premiums earned followed a similar trend, with the lowest amount being $730,456,000 in 2015 and the highest being $1,130,476,000 in 2022.

This was an increase of over 54% over the period. The largest year-over-year increase in direct premiums earned was 14.8% between 2021 and 2022 (from $1,009,232,000 to $1,130,476,000). The smallest increase was 4.8% between 2016 and 2017.

Loss Ratios for Homeowners Multiple Peril

The loss ratio data for Homeowners Multiple Peril insurance in Oregon displays significant fluctuations over the years. From 2015 to 2016, the loss ratios experienced a slight decrease, with values of 51.75% and 47.26%, respectively.

However, 2017 saw a substantial increase, reaching a peak of 70.22%, before dropping to 46.2% in 2018. In 2019, the loss ratio rose again to 56.69%, but the most striking change occurred in 2020, registering an unprecedented 197.14%.

Following this peak, the loss ratios for 2021 and 2022 showed relative consistency, with values of 59.89% and 62.47%, respectively. The overall trend indicates a period of variability between 2015 and 2020, with a dramatic spike in 2020, followed by a potential stabilization in the subsequent two years.

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 Oregon increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $459,370,000 in 2015.

This increased each year, with the highest amount being $673,598,000 in 2022. This represents an increase of over 46% over the 8 year period. Similarly, direct premiums earned started at $455,604,000 in 2015 and increased to $643,721,000 in 2022, a 41% increase. The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $66,935,000 or 11%.

The smallest year-over-year increase was 2.5%, from $489,750,000 in 2017 to $517,091,000 in 2018. For direct premiums earned, the largest increase was also between 2021 and 2022 at 9.6%. The smallest increase was 1.3% between 2016 and 2017.

Loss Ratios for Commercial Multiple Peril

The loss ratio data for Commercial Multiple Peril in Oregon presents interesting patterns over the years. It ranged from a low of 35.07% in 2015 to a staggering high of 94.6% in 2020.

A significant upsurge is noticed in 2020, marking it as an outlier that merits further examination. The years 2021 and 2022, on the other hand, depict a considerable decrease, with loss ratios of 53.56% and 52.57% respectively.

Another noticeable trend is the rise in loss ratio from 35.07% in 2015 to 59.85% in 2017, followed by a slight drop to 47.52% in 2018. However, the percentage increased again in 2019 to 49.66%.

Direct and Earned Premiums for Mortgage Guaranty

The data shows that direct premiums written and direct premiums earned for mortgage guaranty insurance in Oregon fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $73,876,000 in 2015. This increased to a high of $87,298,000 in 2020 before dropping to $83,863,000 in 2022.

Direct premiums earned followed a similar pattern, starting at $67,810,000 in 2015, peaking at $95,691,000 in 2020, and ending at $87,142,000 in 2022. The largest year-over-year increase in direct premiums written was from 2018 to 2019, when it grew by $5,023,000 or 6.3% (from $80,197,000 to $85,220,000). The smallest year-over-year increase was just 0.2% from 2016 to 2017 (from $74,079,000 to $74,780,000).

For direct premiums earned, the biggest jump was from 2019 to 2020, increasing by $4,247,000 or 4.6% (from $91,344,000 to $95,691,000). The smallest increase was 1.1% from 2017 to 2018 (from $79,161,000 to $82,118,000).

Loss Ratios for Mortgage Guaranty

The Mortgage Guaranty loss ratio data for Oregon demonstrates notable variations over the years, with some missing data in 2017 and 2018, marked by asterisks.

In 2015, the loss ratio was at 22.04%, which significantly dropped to 4.29% in 2016. After the missing data points, the loss ratio in 2019 remained low at 3.97%. However, in 2020, there was a considerable increase in the loss ratio.

Direct and Earned Premiums for Ocean Marine

The data shows that direct premiums written and direct premiums earned for ocean marine insurance in Oregon fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $30,519,000 in 2018, while the highest was $45,364,000 in 2022.

This represents an increase of nearly 49% from the low in 2018 to the high in 2022. Direct premiums written increased each year from 2018 to 2022, with the exception of a slight dip from $32,076,000 in 2017 to $30,519,000 in 2018. The largest year-over-year increase in direct premiums written was from 2020 to 2021, when it grew by $4,219,000 or 11% (from $38,352,000 to $42,571,000). Direct premiums earned followed a similar pattern to direct premiums written over the 2015-2022 period.

The lowest amount of direct premiums earned was $31,684,000 in 2018, while the highest was $44,100,000 in 2022. This represents a 39% increase from 2018 to 2022. The largest year-over-year increase in direct premiums earned was also from 2020 to 2021, growing by $4,271,000 or 12% (from $36,973,000 to $41,244,000).

Loss Ratios for Ocean Marine

An examination of the loss ratio data for Ocean Marine insurance in Oregon from 2015 to 2022 unveils interesting trends and fluctuations. The loss ratios display significant variability, with 2016 exhibiting the highest loss ratio of 104.93%, while the lowest was in 2017 at 32.54%. The data also reveals a general trend of alternating increases and decreases in loss ratios.

For instance, the loss ratio rose from 58.94% in 2015 to 61.02% in 2019, followed by a dip to 38.01% in 2020. However, the loss ratios rebounded in 2021 and 2022, climbing to 62.68% and 65.69%, respectively.

Direct and Earned Premiums for Inland Marine

The data shows that direct premiums written and direct premiums earned for inland marine insurance in Oregon increased substantially from 2015 to 2022. The lowest amount of direct premiums written was $242,845,000 in 2015.

This steadily increased each year, with the exception of a slight dip from $315,019,000 in 2019 to $295,331,000 in 2020. The highest direct premiums written was $406,166,000 in 2022, representing an increase of over 67% from 2015.

Direct premiums earned followed a similar pattern, starting at $242,454,000 in 2015 and reaching $387,376,000 in 2022, a 60% increase. The largest year-over-year growth for direct premiums written was from 2021 to 2022 at 17%, increasing from $345,974,000 to $406,166,000. The smallest year-over-year increase was just 2% between 2020 and 2021.

Loss Ratios for Commercial Inland Marine

The loss ratio data for Inland Marine insurance in Oregon exhibits fluctuations across the observed years. The highest loss ratio reached was 65.37% in 2016, with the lowest at 31.36% in 2022. However, the subsequent drop to 43.72% in 2017.

The loss ratio further dipped to a low of 33.71% in 2018, before rising to 45.93% in 2019 and 58.64% in 2020. However, there was a subsequent decrease to 45.53% in 2021, and a significant drop to 31.36% in 2022.

Direct and Earned Premiums for Financial Guaranty

The data shows that direct premiums written and direct premiums earned for financial guaranty insurance in Oregon fluctuated between 2015 and 2022. The highest amount of direct premiums written was $2,362,000 in 2020, while the lowest was $34,000 in 2019.

This represents a wide range from year to year. Direct premiums written decreased from $1,085,000 in 2015 to $34,000 in 2019, before increasing again to $2,362,000 in 2020. The largest year-over-year decrease was from 2016 to 2017, when direct premiums written dropped by $282,000 or 55%.

Direct premiums earned followed a different trend, peaking at $7,777,000 in 2015 before declining each year to $1,296,000 in 2022. The steepest year-over-year decline in direct premiums earned was from 2017 to 2018, falling by $611,000 or 19%.

Loss Ratios for Commercial Financial Guaranty

Loss Ratio data for Financial Guaranty for Oregon 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 Oregon fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $86893000 in 2018, while the highest was $116605000 in 2022.

This represents an increase of over 34% from the low point in 2018 to the high point in 2022. Direct premiums written increased each year from 2018 to 2022, with the exception of a dip from $91263000 in 2017 to $86893000 in 2018. The largest year-over-year increase in direct premiums written was from 2020 to 2021, when it grew by $16925000 or 17.4% (from $97334000 to $106959000).

The direct premiums earned follow a similar trend, with the lowest amount being $88206000 in 2018 and the highest being $113641000 in 2022. This is an increase of over 29% between those years. The biggest year-over-year jump was also from 2020 to 2021, when direct premiums earned grew by $10340000 or 11.1% (from $93321000 to $103626000).

Loss Ratios for Medical Professional Liability

The Medical Professional Liability loss ratio data for Oregon displays significant variations over the years. In 2015, the loss ratio was at 64.03%, which decreased to 56.74% in 2016, and dropped further to 33.82% in 2017. The year 2018 saw a modest increase to 35.98%.

However, 2019 marked a substantial surge to 97.34%, indicating a high claim year, before falling to 80.36% in 2020. In 2021, the ratio significantly decreased to 45.77%, but it rebounded to 84.03% in 2022.

Direct and Earned Premiums for Earthquake

The data shows that direct premiums written and direct premiums earned for earthquake insurance in Oregon increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $79,096,000 in 2015.

By 2022, this had grown to $162,088,000, representing an increase of over 100% over the 8 year period. Direct premiums earned followed a similar upward trend, growing from $74,445,000 in 2015 to $154,074,000 in 2022 - an increase of over 100%. Looking year-over-year, the largest increase in direct premiums written was from 2020 to 2021, when it jumped by $16,354,000 or 12.5% (from $130,712,000 to $147,066,000).

The smallest year-over-year increase was just 2.1%, from $84,658,000 in 2017 to $86,468,000 in 2018. For direct premiums earned, the biggest jump was also from 2020 to 2021, increasing by $16,611,000 or 14.1% (from $117,697,000 to $140,308,000). The smallest increase was from 2016 to 2017 - just 3.9% from $80,276,000 to $83,577,000.

Loss Ratios for Earthquake

The loss ratio data for Earthquake insurance in Oregon demonstrates remarkable fluctuations over the years. The data commences with unspecified figures in 2015 and 2016. However, the loss ratio begins to be traceable from 2017, starting at 0.54%, then escalating significantly to 2.02% in 2018. The data for 2019 is unspecified, yet 2020 shows a decrease to 1.06%. The loss ratio then drops slightly in 2021 to 0.58%, before rising to 1.13% in 2022. The data from 2021 and 2022 suggest a slight upward trend, although the figures remain relatively low compared to 2018.

Direct and Earned Premiums for Workers Compensation

The data shows that direct premiums written and direct premiums earned for workers compensation insurance in Oregon fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $638,431,000 in 2020. The highest was $752,076,000 in 2022.

This represents an increase of over 17% from 2020 to 2022. Direct premiums written increased each year from 2015 to 2017, from $678,682,000 to $707,914,000. It then decreased in 2018 to $698,362,000 before dropping again in 2019 to $684,154,000. The largest year-over-year decrease was from 2019 to 2020, when direct premiums written declined by $45,723,000 or 6.7% (from $684,154,000 to $638,431,000).

Direct premiums earned followed a similar pattern to direct premiums written over the period, with the lowest amount of $645,093,000 in 2020 and the highest of $736,484,000 in 2022. The largest year-over-year increase for direct premiums earned was from 2020 to 2021, rising by $54,379,000 or 8.4% (from $645,093,000 to $699,672,000).

Loss Ratios for Workers Compensation

The Workers Compensation loss ratio data for Oregon demonstrates notable variations and patterns over the years examined. In the earlier years, the loss ratios fluctuated from 51.22% in 2015 to a low of 38.26% in 2016 and then increased to 45.25% in 2017.

A remarkable drop occurs in 2018, with a loss ratio of 20.96%, which is the lowest figure observed throughout the period. However, the loss ratio rebounds sharply to 57.83% in 2019 and remains relatively high at 53.66% in 2020.

A striking peak is observed in 2021 with a loss ratio of 74.86%, the highest value in the data set. This peak warrants further investigation to identify potential reasons for such an increase. In the most recent year, 2022, the loss ratio declines to 54.1%.

Direct and Earned Premiums for Product Liability

The data shows that direct premiums written and direct premiums earned for products liability insurance in Oregon increased overall from 2015 to 2022. The lowest amount of direct premiums written was $36,359,000 in 2015. The highest amount was $65,475,000 in 2022.

This represents an increase of over 80% over the 8 year period. The direct premiums written increased each year from 2015 to 2019, with the largest year-over-year increase occurring from 2018 to 2019 when it grew by $48,689,000 or 10.3% (from $47,385,000 to $52,074,000). The direct premiums earned followed a similar pattern, with the lowest amount being $35,875,000 in 2015 and the highest being $63,571,000 in 2022.

After peaking in 2019, the direct premiums written and direct premiums earned decreased slightly in 2020 before increasing again in 2021 and 2022. The largest single year increase for both metrics was from 2021 to 2022 - direct premiums written grew by $23,541,000 or 24.3% while direct premiums earned grew by $28,241,000 or 35.8%