Market Trends

Direct and Earned Premiums for Fire

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

The lowest amount of direct premiums written was $1,590,866,000 in 2015. The highest amount was $2,984,814,000 in 2022. This represents an increase of over 87% 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 $5,980,950,000 or 25% (from $23,968,864,000 to $29,848,814,000). The smallest year-over-year increase was 0.6%, from $1,581,302,000 in 2016 to $1,590,866,000 in 2017.

The direct premiums earned followed a similar trend, with the lowest amount being $1,592,300,000 in 2016 and the highest being $2,714,712,000 in 2022. This was an increase of over 70% over the period. The largest year-over-year increase in direct premiums earned was also from 2021 to 2022 at 22.3% (from $2,221,366,000 to $2,714,712,000). The smallest increase was 1.7% from 2017 to 2018.

Loss Ratios for Fire

Analyzing the loss ratio percentages for Fire insurance in Texas from 2015 to 2022 reveals notable fluctuations. The percentages vary widely, spanning from a low of 43.83% in 2018 to a peak of 102.65% in 2021. The years 2015 and 2016 saw moderate loss ratios of 49.91% and 55.8%, respectively. A significant spike occurred in 2017, with the ratio soaring to 94.44%.

However, this was followed by a considerable drop to the period's lowest in 2018. From there, the loss ratio begins to rise again, reaching 59.69% in 2019 and mildly decreasing to 52.14% in 2020. The data then records a drastic leap in 2021, surpassing the 100% mark. In 2022, the ratio descends to 68.94%, still higher than most previous years.

Direct and Earned Premiums for Allied Lines

The data shows that direct premiums written and direct premiums earned for allied lines insurance in Texas generally increased from 2015 to 2022.

The lowest amount of direct premiums written was $1,729,521,000 in 2015. This steadily increased each year, with the exception of a slight dip from $1,755,450,000 in 2016 to $1,736,073,000 in 2017. The highest direct premiums written was $3,201,044,000 in 2022, nearly double the 2015 amount.

Similarly, direct premiums earned started at $1,778,163,000 in 2015 and reached $2,885,436,000 in 2022. The largest year-over-year increase in direct premiums written was from 2020 to 2021, when it grew by $11,170,005,000 or 47.6% (from $23,460,520,000 to $26,630,570,000). The smallest year-over-year increase was just 0.9% from 2017 to 2018.

Loss Ratios for Allied Lines

The Allied Lines loss ratio percentage in Texas presents an intriguing pattern from 2015 to 2022. The percentage fluctuates considerably, with the lowest value recorded at 21.32% in 2018 and a peak at a staggering 300.08% in 2017. The data reveals an upward trend from the 55.66% in 2015, peaking in 2017, before dropping sharply in 2018.

This downward trend reverses in 2019, with a significant rise to 84.27%. However, this is followed by another decrease in 2020, landing at 53.73%. The subsequent years, 2021 and 2022, illustrate further volatility. The loss ratio percentage shoots up to 123.03% in 2021 before falling again to 44.34% in 2022.

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 Texas fluctuated between 2015 and 2022, with an overall increasing trend.

The lowest amount of direct premiums written was $79,391,600 in 2016, while the highest was $212,250,100 in 2022. This represents an increase of over 167% from the low point in 2016 to the high point in 2022.

Direct premiums written decreased from $836,373,000 in 2015 to $793,916,000 in 2016, before increasing each year from 2017 to 2022. The largest year-over-year increase in direct premiums written was from 2021 to 2022, when premiums grew by $78,784,900 or 58.4% (from $135,026,600 in 2021 to $212,250,100 in 2022).

Similarly, direct premiums earned followed a fluctuating but overall increasing pattern, from a low of $816,594,000 in 2016 to a high of $1,972,836,000 in 2022 - representing growth of over 141%. The biggest year-over-year jump in direct premiums earned was also from 2021 to 2022, increasing by $69,316,800 or 54.2%.

Loss Ratios for Multi-Peril Crop

The Federal Multi-Peril Crop loss ratio data from Texas shows an overall upward trend from 2015 to 2022. It starts at a moderate 70.33% in 2015, dipping slightly to 63.2% in 2016. In 2017, it rises to 73.46%, initiating a consistent upswing until it reaches a peak of 158.77% in 2020.

This is the highest rate in five years, marking a significant increase of almost 95% from 2016. The data then shows a brief decrease to 93.82% in 2021 but dramatically surges to its highest point at 195.16% in 2022.

Direct and Earned Premiums for Federal Flood

The data shows that direct premiums written and direct premiums earned for federal flood insurance in Texas steadily increased from 2015 to 2021, before declining in 2022.

The lowest amount of direct premiums written was $284,365,000 in 2015. This increased each year, reaching a peak of $419,945,000 in 2021, representing a 48% increase over the period.

Direct premiums earned followed a similar trajectory, growing from $294,215,000 in 2015 to $410,778,000 in 2021, a 40% increase. The largest year-over-year increase in direct premiums written was from 2020 to 2021, when it grew by $24,259,000 or 6.1% (from $395,686,000 to $419,945,000). The smallest increase was just 2.1% between 2016 and 2017.

In 2022, direct premiums written fell to $387,537,000, a 7.7% decrease from 2021. However, direct premiums earned continued to grow in 2022, reaching $405,469,000. This represents a 1.4% increase over 2021, the smallest year-over-year growth over the period.

Loss Ratios for Federal Flood

The Federal Flood Loss Ratio Percentages in Texas reveal striking variability from 2015 to 2022. The data points to a dramatic spike in 2017, with a loss ratio percentage reaching an unprecedented 2419.01%.

This is notably higher compared to preceding years, with 153.93% in 2015 and 203.5% in 2016. After 2017, the loss ratio percentage noticeably drops to 73.72% in 2018, and then rebounds to 200.76% in 2019. However, a significant decrease is observed in the following years.

By 2020, the loss ratio plunges to 10.06%, further dropping to 5.31% in 2021. The year 2022 presents the lowest recorded loss ratio at 1.05%. The overarching trend indicates a downward trajectory post-2017, despite the surge in 2019.

Direct and Earned Premiums for Private Crop

The data shows that direct premiums written and direct premiums earned for private crop insurance in Texas fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $35,544,000 in 2022, while the highest was $66,045,000 in 2021.

For direct premiums earned, the lowest amount was $35,794,000 also in 2022, and the highest was $66,274,000 in 2021. Looking at the year-over-year changes, the largest increase in direct premiums written was from 2020 to 2021, when it grew by $16,488,000 or 33.3% (from $49,557,000 to $66,045,000). The largest decrease was from 2021 to 2022, when direct premiums written fell by $30,501,000 or 46.2% (from $66,045,000 to $35,544,000).

For direct premiums earned, the trends were similar. The biggest increase was also from 2020 to 2021, up $16,441,000 or 33.0% (from $49,833,000 to $66,274,000). And the largest decrease was from 2021 to 2022, down $30,480,000 or 46.0% (from $66,274,000 to $35,794,000).

Loss Ratios for Private Crop

The loss ratio data for Private Crop insurance in Texas exhibits considerable variation over the years. The loss ratio peaked in 2017 at an unprecedented 183.86%, the highest during the observed period. This was followed by a sharp drop to 88.33% in 2018. In 2015 and 2016, the loss ratios stood at 140.24% and 116.79%, respectively.

They again rose to 116.68% in 2019 and 128.88% in 2020, indicating a recurring pattern of high loss ratios. However, this trend was interrupted in 2021, when the loss ratio fell to 109.85%. Surprisingly, 2022 displayed a dramatic decrease in loss ratio, plummeting to 28.04%, the lowest recorded ratio within the eight-year period.

Direct and Earned Premiums for Private Flood

The data shows that direct premiums written and earned for private flood insurance in Texas fluctuated between 2016 and 2022. The lowest amount of direct premiums written was $31,771,000 in 2016. This increased to $53,513,000 in 2017, representing a 68.3% year-over-year increase.

Direct premiums written continued to climb, reaching $99,511,000 in 2021. The highest amount was $131,336,000 in 2022, representing a 32% increase from 2021. Similarly, direct premiums earned started at $16,516,000 in 2016 and increased each year through 2022. The highest amount earned was $116,177,000 in 2022. This was over 7 times higher than the 2016 amount, representing a growth of over 600% over the 7 year period.

The largest year-over-year increase in direct premiums written was from 2021 to 2022 at 32%. The smallest was from 2018 to 2019 at -22.4% (decreasing from $63,221,000 to $49,027,000). For direct premiums earned, the largest increase was from 2016 to 2017 at 203%, while the smallest was from 2020 to 2021 at 41.2%.

Loss Ratios for Private Flood

The Private Flood loss ratio data for Texas exhibits considerable fluctuations over the years. In 2016, the loss ratio stood at a mere 7.64%, but a dramatic surge to an unprecedented 1521.05% was observed in 2017. This then dropped to 242.9% in 2018, still significantly higher than the initial figure.

A decline trend continued with 2019 recording 70.81%. The data for 2020 is not available, but in 2021, the loss ratio returned to a figure akin to the 2016 level at 7.77%. The year 2022 saw a minor increase to 14.99%.

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 Texas increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $285,031,000 in 2015. The highest was $435,276,000 in 2022. This represents an increase of over 52% over the 8 year period.

Direct premiums written increased each year from 2015 to 2022. The largest year-over-year increase was from 2021 to 2022, when direct premiums written grew by $41,702,000 or 10.6% (from $393,574,000 to $435,276,000). The smallest year-over-year increase was 2.4%, from $377,558,000 in 2020 to $393,574,000 in 2021.

The trends for direct premiums earned are similar. The lowest amount was $270,069,000 in 2015 and the highest was $412,897,000 in 2022, an increase of over 53%. The largest year-over-year increase was 10.5% from 2021 to 2022, and the smallest was 2.5% from 2020 to 2021.

Loss Ratios for Farmowners Multiple Peril

An analysis of the loss ratio data for Farmowners Multiple Peril in Texas from 2015 to 2022 reveals notable trends and fluctuations. The loss ratios display considerable variability, with a peak of 81.77% in 2017 and a low of 48.72% in 2018.

A general downward trend is observed from 2015 (72.96%) to 2018, with a significant drop of 33.05 percentage points between 2017 and 2018. However, the loss ratios experienced an upward trend from 2018 to 2021, with a sharp increase of 32.96 percentage points between 2020 (53.09%) and 2021 (81.68%).

Although 2022 exhibits a decrease to 62.44%, it is still higher than the 2018 low. The data also demonstrates two distinct periods of relatively high loss ratios, from 2015 to 2017 and in 2021, with percentages above 68%. Conversely, the years 2018 to 2020 show more moderate loss ratios, ranging from 48.72% to 57.44%.

Direct and Earned Premiums for Homeowners Multiple Peril

The data shows that direct premiums written and earned for homeowners multiple peril insurance in Texas increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $7,994,072,000 in 2015. This increased each year, reaching $13,472,631,000 in 2022 - representing an overall increase of 68.5% over the 8 year period.

Direct premiums earned followed a similar trajectory, starting at $7,813,584,000 in 2015 and ending at $12,482,259,000 in 2022, a 59.8% increase. The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $2,607,721,000 or 22.0% (from $11,864,710,000 to $13,472,631,000).

The smallest increase was 6.8%, from $7,994,072,000 in 2015 to $8,474,799,000 in 2016. For direct premiums earned, the biggest jump was 20.7% between 2021 and 2022 (from $11,237,405,000 to $12,482,259,000). The smallest increase was 4.9% between 2015 and 2016.

Loss Ratios for Homeowners Multiple Peril

The loss ratio data for Homeowners Multiple Peril in Texas displays notable trends and fluctuations from 2015 to 2022. In 2015, the loss ratio began at 53.27% and increased substantially to 87.02% in 2016. The following year, 2017, experienced a slight decline to 80.28%.

However, a sharp decrease occurred in 2018, with the loss ratio dropping to 44.58%. The subsequent years witnessed an alternating pattern: an increase to 66.42% in 2019, followed by a decline to 55.82% in 2020, and then a significant rise to 104.24% in 2021. This peak in 2021 represents the highest loss ratio during the observed period.

Lastly, 2022 exhibits a considerable reduction to 56.59%. Throughout the eight-year period, the loss ratios demonstrate substantial variability, with a minimum of 44.58% in 2018 and a maximum of 104.24% in 2021.

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 Texas increased steadily from 2015 to 2022.

The lowest amount of direct premiums written was $2,674,326,000 in 2015. The highest amount was $4,117,106,000 in 2022. This represents an increase of over 54% 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 $1,245,800,000 or 33.6% (from $3,712,290,000 to $4,117,106,000). The smallest year-over-year increase was 1.3%, from $2,662,647,000 in 2016 to $2,691,249,000 in 2017.

The trends for direct premiums earned are similar. The lowest amount was $2,650,933,000 in 2015 and the highest was $3,916,448,000 in 2022, an increase of over 48%. The largest year-over-year increase in direct premiums earned was also from 2021 to 2022 at 32.8%. The smallest was from 2016 to 2017 at 1.0%.

Loss Ratios for Commercial Multiple Peril

The Commercial Multiple Peril loss ratio data in Texas between 2015 and 2022 reveals notable fluctuations. The loss ratios swing from 48.12% in 2015 to a peak of 114.33% in 2021.

Particularly, there is a stark surge from 42.64% in 2018 to 105.4% in 2017. However, the loss ratio experienced a significant drop to 42.64% in 2018, before rising again to 74.98% in 2019.

The following years see a decrease to 56.53% in 2020, and then an unprecedented jump to 114.33% in 2021. The data for 2022 exhibits a return to lower percentages, with the loss ratio settling at 49.94%.

Direct and Earned Premiums for Mortgage Guaranty

The data shows that direct premiums written and direct premiums earned for mortgage guaranty insurance in Texas increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $379,260,000 in 2015. This increased each year, reaching a high of $517,355,000 in 2022 - an increase of 36% over the 8 year period.

Direct premiums earned followed a similar trajectory, starting at $367,161,000 in 2015 and reaching $527,495,000 in 2022, a 44% increase. The largest year-over-year increase in direct premiums written was from 2018 to 2019, when it grew by $47,406,000 or 11%.

The smallest increase was 1% between 2021 and 2022. For direct premiums earned, the biggest jump was from 2019 to 2020, increasing by $35,767,000 or 7%. The smallest increase was 1.5% from 2016 to 2017.

Loss Ratios for Mortgage Guaranty

The Mortgage Guaranty loss ratio percentage in Texas has displayed significant changes over the years. The period from 2015 to 2017 saw a gradual increase in the loss ratio, from 1.89% to 5.98%. In 2018 and 2022, the data is not available, creating gaps in the trend analysis.

A striking surge occurred in 2020, when the loss ratio skyrocketed to 37.45%, a significant deviation from previous years. However, this was followed by a rapid decline in 2021 to a loss ratio of 5.27%.

Direct and Earned Premiums for Ocean Marine

The data shows that direct premiums written and direct premiums earned for ocean marine insurance in Texas fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $259,058,000 in 2017, while the highest was $418,910,000 in 2022. This represents an increase of over 60% from the low point in 2017 to the high point in 2022.

Direct premiums written decreased from $311,755,000 in 2015 to $259,058,000 in 2017, before rebounding to $418,910,000 in 2022. The largest year-over-year increase in direct premiums written was from 2020 to 2021, when it grew by $67,213,000 or 20.7% (from $324,079,000 to $391,402,000). The smallest year-over-year increase was just 0.9% from 2018 to 2019 ($280,490,000 to $292,104,000).

The pattern for direct premiums earned is similar, with the low of $259,484,000 occurring in 2017 and the high of $420,373,000 reached in 2022. This represents a 62% increase. The largest year-over-year growth in direct premiums earned was from 2021 to 2022 at 16.3% (from $361,486,000 to $420,373,000).

Loss Ratios for Ocean Marine

The Ocean Marine loss ratio data for Texas exhibits notable trends and fluctuations between 2015 and 2022. A considerable spike in the loss ratio is observed in 2017, reaching 101.69%, which is the highest value within the given period. This sharp increase is followed by a significant drop to 40.71% in 2018.

Subsequent years display a generally increasing trend in loss ratios, with 2019 and 2020 recording 53.7% and 66.35%, respectively. However, the loss ratio decreases to 46.43% in 2021 before rising again to 57.74% in 2022. The lowest loss ratio in the dataset is 37.92%, recorded in 2015.

Direct and Earned Premiums for Inland Marine

The data shows that direct premiums written and direct premiums earned for inland marine insurance in Texas increased steadily from 2015 to 2022.

The lowest amount of direct premiums written was $1,961,471,000 in 2015. This increased each year, reaching a high of $3,295,076,000 in 2022 - representing an overall increase of 68% over the 8 year period.

Direct premiums earned followed a similar trajectory, starting at $1,932,541,000 in 2015 and reaching $3,092,145,000 in 2022, for an overall increase of 60%. The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $1,072,152,000 or 13.2% (from $2,922,924,000 to $3,295,076,000). The smallest increase was 6.1% between 2015 and 2016.

For direct premiums earned, the biggest jump was also between 2021 and 2022, increasing by $857,687,000 or 13.8% (from $2,706,458,000 to $3,092,145,000). The smallest increase was 3.2% from 2016 to 2017.

Loss Ratios for Inland Marine

The provided data on Inland Marine loss ratios in Texas offers valuable insights into the trends and fluctuations over the years. From 2015 to 2016, the loss ratios remained fairly steady, with only a slight increase from 56.12% to 56.13%.

However, a significant jump occurred in 2017, reaching a peak of 77.16%. Following this spike, there was a considerable decrease in 2018, with the loss ratio falling to 48.24%. The subsequent years, 2019 and 2020, saw an upward trend with loss ratios of 60.5% and 69.71%, respectively. In 2021, the loss ratio declined again to 59.2%, and the most recent data from 2022 shows a further decrease to 46.07%.

Direct and Earned Premiums for Financial Guaranty

The data shows that direct premiums written and direct premiums earned for financial guaranty insurance in Texas fluctuated between 2015 and 2022.

The lowest amount of direct premiums written was $14,286,000 in 2015. This increased to a high of $44,321,000 in 2021 before decreasing to $35,410,000 in 2022.

Direct premiums earned followed a different trend, starting at $93,964,000 in 2015 and steadily decreasing each year to $20,746,000 in 2022. The largest year-over-year decrease in direct premiums earned was from 2016 to 2017, when it dropped by $26,755,000 or 32.6% (from $82,155,000 to $55,400,000).

Loss Ratios for Financial Guaranty

The Financial Guaranty loss ratio in Texas shows dynamic shifts from 2015 to 2022. The loss ratio commenced at a modest 0.48% in 2015, nearly doubling to 0.88% in 2016, and then further surging to 1.47% in 2017. A slight dip was observed in 2018 with a reduction to 0.61%.

However, the loss ratio skyrocketed to 2.46% in 2019 and then to an even higher 3.42% in 2020. A drastic decline was seen in 2021, with the loss ratio plummeting to a mere 0.08%. Yet, the most significant fluctuation occurred in 2022 with the loss ratio soaring to an unprecedented 10.01%.

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 Texas increased steadily from 2015 to 2022.

The lowest amount of direct premiums written was $295,300,000 in 2015. The highest amount was $506,576,000 in 2022. This represents an increase of over 71% 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 $57,831,000 or 14.6% (from $397,649,000 to $454,803,000). The smallest year-over-year increase was 2.7%, from $315,747,000 in 2017 to $324,622,000 in 2018.

The direct premiums earned followed a similar pattern, with the lowest amount being $293,964,000 in 2015 and the highest being $476,269,000 in 2022. This was an increase of over 62% over the period. The largest year-over-year increase in direct premiums earned was 15.2%, from $371,644,000 in 2020 to $427,904,000 in 2021. The smallest increase was 1.6%, from $300,076,000 in 2016 to $314,367,000 in 2017.

Loss Ratios for Medical Professional Liability

The Medical Professional Liability in Texas has seen intriguing shifts over the observed years. Loss ratios experienced a drastic drop from 29.22% in 2015 to 10.5% in 2017, followed by a significant increase to 48.36% in 2018. The loss ratio in 2019 mirrored that of 2018 at 48.19%, indicating a momentary stabilization.

However, a downward shift was observed in 2020, with the loss ratio falling to 34.57%. The decrease continued modestly into 2021 with a loss ratio of 31.06%. Interestingly, there was a mild increase in 2022, resulting in a loss ratio of 38.96%.

Direct and Earned Premiums for Earthquake

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

The lowest amount of direct premiums written was $26,633,000 in 2017, while the highest was $58,502,000 in 2022. This represents an increase of over 119% 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 2016 which saw a decrease from $35,706,000 in 2015 to $27,835,000 in 2016. The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $11,313,000 or 21.9% (from $51,709,000 to $58,502,000).

Direct premiums earned followed a similar pattern, with the lowest amount being $27,079,000 in 2017 and the highest being $56,530,000 in 2022. This was an increase of over 109% between those years. The largest year-over-year increase for direct premiums earned was also from 2021 to 2022, growing by $7,775,000 or 16.0% (from $48,655,000 to $56,530,000).

Loss Ratios for Earthquake

The Earthquake loss ratio data for Texas demonstrates notable changes and variations across the years. In particular, the loss ratios display a wide range, with the lowest being 1.19% in 2016 and the highest reaching 17.48% in 2022.

Additionally, 2015 and 2018 exhibit missing data, which may impact the overall analysis. From 2016 to 2017, there was a significant increase in the loss ratio percentage, jumping from 1.19% to 16.24%.

However, this upward trend was not sustained, as the loss ratio percentage dropped to 5.46% in 2019 and continued to decrease slightly to 4.94% in 2020. Interestingly, the data indicates a resurgence in loss ratios from 2021 onwards, with a moderate increase to 8.66% in 2021 and a more substantial rise to 17.48% in 2022.

Direct and Earned Premiums for Workers Compensation

The data shows that direct premiums written and direct premiums earned for workers compensation insurance in Texas fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $223,572,000 in 2020. The highest was $256,021,000 in 2022.

Direct premiums written decreased from $274,189,000 in 2015 to $223,572,000 in 2020, a 18.5% decrease over the period. However, direct premiums written then increased to $256,021,000 in 2022, representing a 14.5% increase from 2020 to 2022.

Direct premiums earned followed a similar pattern, with the lowest amount being $226,204,000 in 2020 and the highest being $248,495,000 in 2022. The largest year-over-year decrease for direct premiums earned was from 2016 to 2017, when it declined by 2.9% from $245,690,000 to $238,879,000.

Loss Ratios for Workers Compensation

The Workers Compensation loss ratio percentage in Texas experienced notable shifts over the years 2015-2022. The loss ratios varied from a peak of 47.02% in 2018 to a trough of 35.76% in 2017. From 2015 to 2017, the ratios demonstrated a downward trend, decreasing from 44.23% to 35.76%.

However, 2018 saw a sharp rise to 47.02%, marking the highest point in the given timeframe. Post-2018, the trend reversed again, with the ratio falling to 36.99% in 2019 and then slightly increasing to 40.95% in 2020. The last two years, 2021 and 2022, maintained relatively stable figures around the 36-37% range.

Direct and Earned Premiums for Product Liability

The data shows that direct premiums written and direct premiums earned for products liability insurance in Texas fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $274,194,000 in 2016. The highest was $421,162,000 in 2022.

Direct premiums written increased each year from 2016 to 2022, with the exception of 2020 which saw a slight decrease from $370,664,000 in 2019 to $356,865,000 in 2020.

The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $60,006,000 or 16.6% (from $361,516,000 to $421,162,000). The smallest year-over-year increase was just 0.8%, from $356,865,000 in 2020 to $361,516,000 in 2021. For direct premiums earned, the lowest amount was $282,798,000 in 2016. The highest was $399,198,000 in 2022.

Direct premiums earned followed a similar pattern to direct premiums written, with steady increases each year except for a dip from 2019 ($355,358,000) to 2020 ($348,726,000). The largest year-over-year jump in direct premiums earned was also from 2021 to 2022, increasing by $40,356,000 or 11.3% (from $358,642,000 to $399,198,000).

Loss Ratios for Product Liability

The Products Liability loss ratio data for Texas over the past eight years presents several noteworthy observations. A significant drop in the loss ratio from 36.42% in 2015 to 20.47% in 2016 is apparent, followed by a slight increase to 25.39% in 2017. The data shows a substantial surge in 2018, with the loss ratio reaching 48.31%.

This upward trend continued marginally into 2019, hitting a peak of 50.23%. However, 2020 saw a reduction to 37.87%. The subsequent years, 2021 and 2022, witnessed a rebound, with loss ratios rising to 45.66% and 48.96% respectively.

Direct and Earned Premiums for Private Passenger Auto

The data shows that direct premiums written and direct premiums earned for private passenger auto total insurance in Texas increased overall from 2015 to 2022. The lowest amount of direct premiums written was $17,512,463,000 in 2015. The highest was $26,511,399,000 in 2022. This represents an increase of over 50% over the 8 year period. 

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 $2,885,946,000 or 12.2% (from $23,625,453,000 to $26,511,399,000). The smallest increase was 1.7% from 2019 to 2020 (from $23,243,234,000 to $22,566,433,000).

For direct premiums earned, the lowest amount was $17,086,000,000 in 2015 and the highest was $25,324,232,000 in 2022. This is an increase of over 48% over the period. The trends in direct premiums earned are similar to the trends in direct premiums written, with increases each year except for a small decrease from 2020 to 2021. The largest year-over-year increase in direct premiums earned was from 2021 to 2022 at 8.5% (from $23,308,815,000 to $25,324,232,000).

Loss Ratios for Private Passenger Auto

The loss ratio percentage for Private Passenger Auto Total in Texas shows interesting variations throughout the years. In 2015, the loss ratio was 72.09%, which escalated to 79.75% in 2016. A slight drop to 76.59% was observed in 2017, while a more substantial decrease was seen in 2018, falling to 59.01%.

In 2019, the loss ratio climbed slightly to 64.4%, yet fell again to 55.9% in 2020. A sharp increase occurred in 2021, reaching 73.49%, and this upward trend intensified in 2022, with the loss ratio hitting 81.81%.

Direct and Earned Premiums for Commercial Auto

The data shows that direct premiums written and direct premiums earned for commercial auto liability insurance in Texas increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $2,983,032,000 in 2015.

This increased each year, with the highest amount being $6,651,741,000 in 2022 - more than double the 2015 figure. Direct premiums earned followed a similar trajectory, growing from $2,875,449,000 in 2015 to $6,366,448,000 in 2022. This represents an increase of over 120% in direct premiums written and earned over the 8 year period.

The largest year-over-year increase in direct premiums written was from 2020 to 2021, when it grew from $4,871,396,000 to $5,887,294,000. The smallest increase was 6.2% from 2015 to 2016. For direct premiums earned, the biggest jump was also from 2020 to 2021 - an increase of $1,672,222,000 or 16.8%.

Loss Ratios for Commercial Auto

The Loss Ratio Percentage data for Commercial Auto Total in Texas from 2015 to 2022 displays interesting variances. The data oscillates between 70.72% in 2015 and a peak of 82.12% in 2017. A dip to 72.02% is noted in 2018, followed by an increase to 78.16% in 2019. This shows a clear fluctuation, with an overall trend of increasing loss ratios from 2015 to 2017, followed by a decrease in 2018, and another surge in 2019.

In the more recent years, 2020 and 2021, there are contrasting figures of 73.55% and 79.67% respectively. This indicates a drop in 2020, compared to 2019, and a subsequent rise in 2021. However, 2022 shows a slight decrease to 75.04%.

Direct and Earned Premiums for Aircraft

The data shows that direct premiums written and direct premiums earned for aircraft insurance in Texas increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $157,714,000 in 2015.

This increased each year, with the highest amount being $290,932,000 in 2022. This represents an overall increase of 84% over the 8 year period. The direct premiums earned followed a similar trend, starting at $168,316,000 in 2015 and reaching $279,855,000 in 2022. This is a 66% increase over the period.

The largest year-over-year increase in direct premiums written was from 2019 to 2020, when it grew by $38,261,000 or 17%. The smallest increase was just 2% between 2016 and 2017. For direct premiums earned, the biggest jump was also between 2019 and 2020 - an increase of $21,592,000 or 11%. The smallest increase was under 1% between 2017 and 2018.

Loss Ratios for Aircraft

The Aircraft line of business in Texas has demonstrated considerable fluctuations in loss ratio percentages from 2015 to 2022. In 2015, the loss ratio was at 50.18%, which dramatically surged to 87.01% in 2016. A significant drop was observed in 2017, with the loss ratio declining to 29.35%. The year 2018 saw the lowest loss ratio of 17.8%, marking a consistent decrease from the previous year.

However, a reversal of this trend was noted in 2019 when the loss ratio rebounded to 59.63%. The following year, 2020, exhibited a slight decrease to 47.55%. In 2021, the loss ratio climbed sharply to 74.6%, the highest since 2016. Yet, the loss ratio again decreased to 45.95% in 2022.

Direct and Earned Premiums for Fidelity

The data shows that direct premiums written and direct premiums earned for fidelity insurance in Texas increased steadily from 2015 to 2022.

The lowest amount of direct premiums written was $77,540,000 in 2015. This increased each year, reaching a high of $96,476,000 in 2022. This represents an overall increase of 24.4% over the 8 year period.

Direct premiums earned followed a similar trajectory, starting at $77,772,000 in 2015 and ending at $94,291,000 in 2022, a 21.2% increase. The largest year-over-year increase in direct premiums written was from 2020 to 2021, when it grew by $3,371,000 or 3.8% (from $88,133,000 to $91,504,000). The smallest increase was just 1.0%, from $76,895,000 in 2016 to $77,518,000 in 2017.

For direct premiums earned, the biggest jump was also from 2020 to 2021, increasing by $3,753,000 or 4.3% (from $87,027,000 to $90,780,000). The smallest increase was 0.3% from 2016 to 2017 ($76,931,000 to $77,230,000).

Loss Ratios for Fidelity

The Fidelity loss ratio data for Texas displays considerable fluctuations from 2015 to 2022. Loss ratios in this period range from a low of 28.68% in 2019 to a peak of 78.76% in 2020. In the earlier years, the loss ratios exhibit a general upward trend, with 2015 at 34.39% and a significant jump to 76.27% in 2018.

However, there was a temporary dip to 37.77% in 2017. Following 2019's low point, the loss ratio soared to its highest point in 2020 before dropping again to 32.49% in 2021. Most recently, 2022 shows a moderate increase, with a loss ratio of 46.96%.

Direct and Earned Premiums for Surety

The data shows that direct premiums written and direct premiums earned for surety insurance in Texas increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $533,181,000 in 2015. The highest amount was $907,329,000 in 2022. This represents an increase of over 70% 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 $112,867,000 or 14.2% (from $794,518,000 to $907,329,000). The smallest year-over-year increase was 6.8%, from $592,255,000 in 2017 to $644,865,000 in 2018. The direct premiums earned followed a similar upward trend over the period, lagging slightly behind the direct premiums written.

The lowest amount of direct premiums earned was $522,130,000 in 2015. The highest was $826,934,000 in 2022. This represents a 58% increase over the period. The largest year-over-year increase in direct premiums earned was 16.2%, from $717,683,000 in 2020 to $859,573,000 in 2021. The smallest increase was 3.7%, from $568,563,000 in 2017 to $616,965,000 in 2018.

Loss Ratios for Surety

The loss ratio data for Surety insurance in Texas from 2015 to 2022 exhibits notable fluctuations. The loss ratios range from a low of 10.54% in 2018 to a high of 30.48% in 2015, indicating considerable variability throughout the years. In 2016, the loss ratio dropped significantly to 12.76%, less than half of the previous year's figure. This downward trend continued until 2018, with a brief increase in 2017 at 25.32%.

Following 2018's low of 10.54%, the loss ratio experienced a surge in 2019, reaching 19.8%. Another decline occurred in 2020, as the loss ratio settled at 11.63%. The most recent years, 2021 and 2022, show a rise in loss ratios, with 2021 witnessing a substantial increase to 29.7%. However, this growth did not persist in 2022, as the loss ratio lowered to 18.73%.

Direct and Earned Premiums for Warranty

The data shows that direct premiums written and direct premiums earned for warranty insurance in Texas increased overall from 2015 to 2022, with some fluctuations. The lowest amount of direct premiums written was $372,370,000 in 2015.

This increased each year until peaking at $498,920,000 in 2021, representing an increase of 34% over the period. However, direct premiums written then dropped to $253,578,000 in 2022. Similarly, direct premiums earned started at $255,976,000 in 2015 and increased steadily to a peak of $454,254,000 in 2021, representing a 77% increase.

In 2022, direct premiums earned were $294,270,000. The largest year-over-year increase in direct premiums written was from 2020 to 2021, when it grew by $59,037,000 or 13.4% (from $439,883,000 to $498,920,000). The smallest year-over-year increase was 1.5%, from $377,272,000 in 2016 to $383,951,000 in 2017.

Loss Ratios for Warranty

Warranty loss ratio data from Texas shows fascinating patterns and volatility over the years. The loss ratios notably fluctuate, with a peak of 85.47% in 2017 and a trough of 58.6% in 2021. The data from 2015 to 2018 reveals an upward trend, with the loss ratio percentage elevating from 72.54% to 84.72%.

However, a reversal of this trend is observed from 2019, with a significant drop to 72.67%. This downward trend persisted in the subsequent years, with the loss ratios descending to 65.85% and 58.6% in 2020 and 2021, respectively. The year 2022, although showing a slight increase to 59.0%, still maintains the overall downward trajectory initiated in 2019.