Market Trends

Direct and Earned Premiums for Fire

The data shows that direct premiums written and earned for fire insurance in Vermont fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $20,206,000 in 2018, while the highest was $39,293,000 in 2021. This represents an increase of nearly 95% from the low in 2018 to the high in 2021.

Direct premiums written increased each year from 2018 to 2021, with the largest year-over-year increase occurring between 2019 and 2020 when premiums grew by $44,399,000 or 13.8% (from $32,092,000 to $36,491,000). The smallest year-over-year increase was just $77,000 or 0.3% between 2016 and 2017 (from $22,305,000 to $20,271,000).

Similarly, direct premiums earned followed a similar pattern, with the low of $19,872,000 occurring in 2018 and the high of $38,730,000 in 2021. This was an increase of nearly 95% as well. The largest year-over-year increase for premiums earned was between 2019 and 2020, growing by $15,637,000 or 13.6% (from $31,828,000 to $33,665,000).

Loss Ratios for Fire

The loss ratio data for Fire insurance in Vermont reveals notable trends and fluctuations over the specified years. Specifically, the loss ratios exhibit considerable variability, ranging from a low of 2.56% in 2022 to a high of 83.22% in 2018.

Between 2015 and 2017, there was a substantial drop from 34.7% to 7.76% followed by a sharp increase to 36.47%. The most dramatic change occurred between 2017 and 2018, where the loss ratio spiked to 83.22%.

However, 2019 saw a decline to 56.38%, followed by a further decrease to 42.74% in 2020 and 42.27% in 2021. Throughout these years, 2018 stands out as an anomaly with the highest loss ratio, while 2022 displays the lowest loss ratio of 2.56%.

Direct and Earned Premiums for Allied Lines

The data shows that direct premiums written and earned for allied lines insurance in Vermont increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $13,607,000 in 2015. This increased each year, with the highest amount being $23,202,000 in 2022. This represents an increase of 70.5% over the 8 year period.

Direct premiums earned followed a similar trajectory, starting at $14,825,000 in 2015 and reaching $22,422,000 in 2022, a 51.3% increase. The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $3,199,000 or 15.6% (from $20,503,000 to $23,202,000).

The smallest increase was just 2.9% between 2016 and 2017. For direct premiums earned, the biggest jump was also between 2021 and 2022, increasing by $2,954,000 or 15.2%. The smallest increase was only 0.9% from 2016 to 2017.

Loss Ratios for Allied Lines

The loss ratio data for Allied Lines insurance in Vermont exhibits interesting trends and fluctuations from 2015 to 2022. In 2016, the loss ratio was at 25.54%, which increased to 34.28% in 2017, and then slightly rose to 34.91% in 2018.

However, a significant decrease occurred in 2019, with the loss ratio dropping to 18.11%. This dip was followed by a minor increase to 20.8% in 2020. More recently, the loss ratios for 2021 and 2022 display a continuous upward trend, with values of 27.79% and 39.43%, 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 Vermont fluctuated between 2015 and 2022.

The lowest amount of direct premiums written was $2,445,000 in 2016. The highest was $6,290,000 in 2022. This represents an increase of over 150% from the lowest to highest years.

Direct premiums written decreased from $5,043,000 in 2015 to $2,445,000 in 2016 before increasing again in 2017 to $2,705,000. The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $1,081,000 or 20.8% (from $5,209,000 to $6,290,000).

For direct premiums earned, the lowest amount was $1,615,000 in 2016 and the highest was $6,453,000 in 2022. This is an increase of over 300% from lowest to highest. The largest year-over-year increase was from 2021 to 2022, when direct premiums earned grew by $1,919,000 or 42.4% (from $4,534,000 to $6,453,000).

Loss Ratios for Multi-Peril Crop

The loss ratio data for Federal Multi-Peril Crop insurance in Vermont presents notable fluctuations and patterns across the years. The loss ratios vary significantly, with the lowest at 31.39% in 2022 and the highest at 291.46% in 2020. Between 2015 and 2017, an increasing trend is observed, beginning at 83.0% in 2015 and peaking at 122.96% in 2017.

However, the loss ratio declines to 76.05% in 2018 before rising again to 81.4% in 2019. The most striking change occurs in 2020, with a sharp increase to 291.46%, more than triple the previous year's figure.

The data for 2021 is unavailable, but the loss ratio for 2022 indicates a substantial decrease, dropping to 31.39%. This value represents the lowest loss ratio in the given timeframe and a significant decline compared to the previous peak in 2020.

Direct and Earned Premiums for Federal Flood

The data shows that direct premiums written and direct premiums earned for federal flood insurance in Vermont fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $3,609,000 in 2022, while the highest was $4,704,000 in 2021.

Direct premiums written increased from 2015 to 2017, going from $4,591,000 to $4,657,000. There was then a decrease in 2018 to $4,469,000, before increasing again in 2019 and 2020. The largest year-over-year increase in direct premiums written was from 2018 to 2019, when it grew by $165,000 or 3.7% (from $4,469,000 to $4,634,000). For direct premiums earned, the lowest amount was $4,182,000 in 2022 and the highest was $4,841,000 in 2021.

Direct premiums earned followed a similar pattern to direct premiums written over the 2015-2022 period. The largest year-over-year increase was from 2021 to 2022, when direct premiums earned grew by $659,000 or 13.6% (from $4,841,000 to $5,500,000). The smallest year-over-year change was a decrease of $11,000 or 0.2% between 2016 and 2017.

Loss Ratios for Federal Flood

The Federal Flood loss ratio data in Vermont suggests interesting trends. There is immense variability, from a low of 0.29% in 2016 to a peak of 31.05% in 2019. A significant increase can be observed from 2018 to 2019, where the loss ratio jumps from 11.8% to 31.05%.

However, this high ratio is not maintained, as seen in the subsequent year 2020, which records a substantial drop to 1.65%. In 2021, there is a slight recovery to 7.92% but plummets again to 0.64% in 2022.

Direct and Earned Premiums for Private Crop

The data shows that direct premiums written and direct premiums earned for private crop insurance in Rhode Island is unavailable.

Loss Ratios for Private Crop

The loss ratio figures for Private Crop in Rhode Island are also unavailable.

Direct and Earned Premiums for Private Flood

The data shows that direct premiums written and earned for private flood insurance in Vermont increased substantially from 2016 to 2022. The lowest amount of direct premiums written was $297,000 in 2016. This steadily increased each year, with the highest amount being $1,917,000 in 2022. This represents an over 546% increase over the 7 year period.

Direct premiums earned followed a similar trajectory, starting at $138,000 in 2016 and reaching $1,760,000 in 2022. This is a 1,174% increase. The largest year-over-year increase in direct premiums written was from 2020 to 2021, when it grew by $616,000 or 59.4% (from $1,037,000 to $1,653,000).

The smallest year-over-year increase was 15.7%, from $586,000 in 2019 to $681,000 in 2020. For direct premiums earned, the biggest jump was from 2020 to 2021, increasing by $468,000 or 56.1% (from $835,000 to $1,303,000). The smallest increase was 13.6%, from $522,000 in 2019 to $593,000 in 2020.

Loss Ratios for Private Flood

The loss ratio data for Private Flood insurance in Vermont showcases interesting fluctuations over the years. The loss ratios have shown significant inconsistency, with the lowest at 1.95% in 2016 and peaking at 21.23% in 2018. This spike in 2018 is noteworthy, considering it is more than ten times the preceding year's ratio. Post the 2018 peak, the loss ratios fell to 4.65% in 2019, indicating a drastic decrease.

The following year, 2020, saw an increase to 9.46%, nearly doubling the previous year. However, the years 2021 and 2022 displayed a downward trend with 6.16% and 7.52% respectively.

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 Vermont increased steadily from 2015 to 2022.

The lowest amount of direct premiums written was $14,677,000 in 2015. The highest was $17,083,000 in 2022. This represents an increase of 16.4% over the 8 year period.

Direct premiums earned followed a similar trajectory, with the lowest amount being $14,464,000 in 2015 and the highest being $16,726,000 in 2022 - a 15.7% increase. The direct premiums written and direct premiums earned increased each year from 2015 to 2022. The largest year-over-year increase for direct premiums written was from 2021 to 2022, when it grew by $1,641,000 or 10.0% (from $16,442,000 to $17,083,000).

The smallest year-over-year increase was 1.2%, from $15,491,000 in 2018 to $15,600,000 in 2019. For direct premiums earned, the largest increase was also between 2021 and 2022 at 3.4% (from $16,202,000 to $16,726,000). The smallest increase was 0.5% between 2018 and 2019 (from $15,487,000 to $15,532,000).

Loss Ratios for Farmowners Multiple Peril

The loss ratio percentages for Farmowners Multiple Peril in Vermont show noteworthy variation across the years. A significant peak is observed in 2015, with a loss ratio of 77.03%. However, a drastic drop to 43.56% is seen in 2016. The ratio then rebounded to 63.2% in 2017, only to decline again in 2018 to 48.68%.

From 2018 to 2020, the loss ratios showed marginal increases each year, culminating in a 49.63% loss ratio in 2020. However, a dip occurred in 2021, bringing the loss ratio down to 40.21%. Interestingly, in 2022, the loss ratio skyrocketed to a high of 85.77%, the highest in the observed period.

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 Vermont increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $190,047,000 in 2015. The highest amount was $246,794,000 in 2022. This represents an increase of over 30% over the 8 year period.

The direct premiums written and direct premiums earned increased each year from 2015 to 2022. The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $17,552,000 or 7.7% (from $229,242,000 to $246,794,000). The smallest year-over-year increase was 2.8%, from $206,220,000 in 2018 to $212,610,000 in 2019.

The trends were similar for direct premiums earned, with the lowest amount being $186,624,000 in 2015 and the highest being $236,920,000 in 2022. This was an increase of over 27% over the period. The largest year-over-year increase was 7.0% from 2021 to 2022 (from $223,314,000 to $236,920,000) and the smallest was 3.2% from 2018 to 2019 (from $202,622,000 to $209,140,000).

Loss Ratios for Homeowners Multiple Peril

The Homeowners Multiple Peril loss ratio data for Vermont displays interesting patterns and variations over the years. The loss ratio percentages demonstrate considerable fluctuation, with the lowest at 31.98% in 2020 and the highest at 58.68% in 2022.

The years 2015 and 2017 saw similar loss ratios of 45.02% and 46.53%, respectively. In contrast, a decrease is observed in 2016, with a loss ratio of 39.42%. A slight reduction is again recorded in 2018, with a loss ratio of 42.07%, which then increased to 46.9% in 2019.

The subsequent year, 2020, marked the most significant decrease in the loss ratio, dropping to 31.98%. However, the trend reversed in the following years, with the loss ratio increasing to 40.75% in 2021 and peaking at 58.68% in 2022.

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 Vermont increased steadily from 2015 to 2022.

The lowest amount of direct premiums written was $135,019,000 in 2015. The highest amount was $166,782,000 in 2022. This represents an increase of over 23% 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 $17,180,000 or 11.2% (from $152,974,000 to $166,782,000). The smallest year-over-year increase was 1.3%, from $138,188,000 in 2017 to $140,073,000 in 2018.

The direct premiums earned followed a similar trend, increasing each year from 2015 to 2022. It grew from $171,969,000 in 2015 to $160,451,000 in 2022, an increase of over 15% over the period. The largest year-over-year increase in direct premiums earned was from 2021 to 2022 at 7.4% (from $149,344,000 to $160,451,000). The smallest was 0.8% between 2016 and 2017 (from $136,235,000 to $137,933,000).

Loss Ratios for Commercial Multiple Peril

The loss ratio data for Commercial Multiple Peril in Vermont displays notable trends and fluctuations from 2015 to 2022.

The lowest loss ratio occurred in 2021, with a percentage of 26.36%, while the highest loss ratio appeared in 2019, reaching 41.71%. Throughout the years, the data demonstrates a general pattern of variability. Between 2015 and 2016, the loss ratio decreased from 36.28% to 29.45%.

A slight increase followed in 2017, reaching 34.12%, before continuing to climb in 2018 and 2019, with ratios of 40.73% and 41.71%, respectively. However, a significant drop occurred in 2020, with the percentage falling to 29.01%. In the most recent years, 2021 displayed the lowest loss ratio of 26.36%, followed by a considerable increase in 2022 to 47.72%.

Direct and Earned Premiums for Mortgage Guaranty

The data shows that direct premiums written and direct premiums earned for mortgage guaranty insurance in Vermont fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $10,058,000 in 2015. This increased to $12,165,000 in 2020 before decreasing to $11,553,000 in 2021. For direct premiums earned, the lowest amount was $9,687,000 in 2015. This steadily increased to a peak of $12,487,000 in 2020 before decreasing to $11,303,000 in 2022.

Overall, direct premiums written increased by 14.8% from 2015 to 2022, going from $10,058,000 to $11,609,000. Direct premiums earned saw more growth over this period, increasing by 16.7% from $9,687,000 in 2015 to $11,303,000 in 2022.

The largest year-over-year increase in direct premiums written was from 2017 to 2018, when it grew by $753,000 or 7.0% (from $10,761,000 to $11,514,000). The smallest year-over-year increase was 1.4% between 2021 and 2022 (from $11,553,000 to $11,609,000).

For direct premiums earned, the largest increase was from 2015 to 2016 at 4.2% (from $9,687,000 to $10,099,000) while the smallest was a 3.8% decrease between 2021 and 2022 (from $11,943,000 to $11,303,000).

Loss Ratios for Mortgage Guaranty

The Mortgage Guaranty loss ratio data in Vermont presents notable patterns and shifts over the years 2015-2020. The loss ratios exhibit a general downward trend from 2015 to 2019, with a significant drop from 30.76% in 2015 to 6.51% in 2019.

This decline is marked by a consistent decrease each year, with loss ratios of 16.01% in 2016, 12.9% in 2017, and 10.46% in 2018. However, a substantial increase in the loss ratio is observed in 2020, when it reaches 28.59%, which is a significant rebound from the 2019 low.

Direct and Earned Premiums for Ocean Marine

The data shows that direct premiums written and direct premiums earned for ocean marine insurance in Vermont fluctuated between 2015 and 2022.

The highest amount of direct premiums written was $5,163,000 in 2015. This then decreased each year until 2017, when it dropped to $3,767,000. Direct premiums written then remained relatively stable from 2017 to 2022, ranging between $3,728,000 and $4,139,000. Direct premiums earned followed a similar pattern. The highest amount was $8,265,000 in 2015. This dropped sharply to $5,579,000 in 2016.

Direct premiums earned continued decreasing to $3,867,000 in 2017. From 2018 to 2022, direct premiums earned ranged from $3,751,000 to $4,001,000. The largest year-over-year decrease for direct premiums written was from 2015 to 2016, when it declined by $652,000 or 12.6%.

The smallest year-over-year change was an increase of just $11,000 or 0.3% from 2018 to 2019. For direct premiums earned, the biggest drop was also from 2015 to 2016, falling by $2,686,000 or 32.5%. The smallest change was a decrease of $8,000 or 0.2% from 2020 to 2022.

Loss Ratios for Ocean Marine

The Ocean Marine Loss Ratio data for Vermont displays intriguing trends from 2015 to 2022. The loss ratios demonstrate high fluctuation, with a remarkable peak of 86.85% in 2020, contrasting sharply with the record low of 17.06% in 2019. The loss ratios in the initial years, 63.13% in 2015 and 77.47% in 2016, suggest a high loss ratio trend which sharply dropped to 23.58% in 2017.

The years 2018 and 2019 were fairly consistent, with loss ratios of 25.47% and 17.06% respectively, indicating a period of stability. However, 2020 marked a significant surge in the loss ratio, reaching 86.85%. The ratios for 2021 and 2022, 41.21% and 50.58% respectively, show a downward adjustment from the 2020 peak, but are still higher than the 2017-2019 period.

Direct and Earned Premiums for Inland Marine

The data shows that direct premiums written and direct premiums earned for inland marine insurance in Vermont fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $43,703,000 in 2017. The highest amount was $69,596,000 in 2022. This represents an increase of over 59% from the low in 2017 to the high in 2022.

Direct premiums written decreased from $48,653,000 in 2015 to $43,865,000 in 2016, before increasing again in 2017. There was steady growth from 2018 to 2021, with premiums written increasing each year during that period. The largest year-over-year increase was from 2021 to 2022, when direct premiums written grew by $15,810,000 or 28.9% (from $54,786,000 to $69,596,000).

The direct premiums earned followed a similar pattern to the direct premiums written, with the lowest amount being $43,567,000 in 2016 and the highest being $67,106,000 in 2022. This represents a 54% increase from the low to the high. The largest year-over-year increase in direct premiums earned was also from 2021 to 2022, growing by $14,887,000 or 28.5% (from $52,219,000 to $67,106,000).

Loss Ratios for Inland Marine

The loss ratio data for Inland Marine insurance in Vermont reveals interesting patterns and fluctuations over the specified years. The loss ratios depict noteworthy variability, ranging from a low of 0.18% in 2016 to a high of 52.95% in 2015.

Moving forward, there's a recovery observed with the loss ratio rising to 34.7% in 2017, then moderately increasing to 37.27% and 42.7% in 2018 and 2019 respectively. 2020 saw another peak with a loss ratio of 52.53%. However, the trend shifts in 2021 with a decrease to 31.04%. As seen in the data for 2022, the loss ratio rebounds to 40.01%.

Direct and Earned Premiums for Financial Guaranty

The data shows that direct premiums written and direct premiums earned for financial guaranty insurance in Vermont fluctuated significantly from 2015 to 2022. The highest amount of direct premiums written was $1,140,000 in 2015.

This dropped to $1,091,000 in 2016, $769,000 in 2017, and then plummeted to just $2,000 in 2018 and $0 from 2019-2021 before rebounding slightly to $40,000 in 2022. Direct premiums earned followed a different trajectory. They peaked at $3,526,000 in 2015 before jumping to $8,475,000 in 2016. They then fell to $1,790,000 in 2017 and turned negative in 2018 at -$153,000.

Direct premiums earned recovered to $99,000 in 2019, $43,000 in 2020, and $266,000 in 2021 before settling at $245,000 in 2022. The largest year-over-year decrease in direct premiums written was from 2017 to 2018, when premiums dropped by 99.7% from $769,000 down to just $2,000. The largest percentage increase in direct premiums earned was from 2015 to 2016, when earnings grew by 140.5% from $3,526,000 up to $8,475,000.

Loss Ratios for Commercial Financial Guaranty

Financial Guaranty loss ratio data in Rhode Island 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 Vermont fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $15,068,000 in 2018, while the highest was $21,141,000 in 2022. This represents an increase of over 40% from the low point in 2018 to the high point in 2022.

Direct premiums written decreased from $16,305,000 in 2015 to $15,068,000 in 2018, before increasing each year from 2018 to 2022. The largest year-over-year increase in direct premiums written was from 2020 to 2021, when it grew by $11,113,000 or 12.5% (from $17,782,000 to $19,895,000). Meanwhile, direct premiums earned followed a similar pattern, with the low of $16,119,000 occurring in 2018 and the high of $20,657,000 reached in 2022.

This was an increase of over 28% between those years. The biggest year-over-year jump in direct premiums earned happened between 2021 and 2022, growing by $1,583,000 or 8.3% (from $19,074,000 to $20,657,000).

Loss Ratios for Medical Professional Liability

The Medical Professional Liability loss ratio data in Vermont exhibits noteworthy fluctuations and trends across the years. From 2015 to 2017, there is a significant increase in loss ratios, starting with an unspecified percentage in 2015, then rising to 39.56% in 2016, and peaking at 60.48% in 2017. A decrease is observed in 2018, with a loss ratio of 33.16%, the lowest in the given period.

However, a drastic spike occurs in 2019, reaching an all-time high of 117.16%. This substantial increase is followed by a decline in 2020, with a loss ratio of 79.83%. Another drop is seen in 2021, with a loss ratio of 37.63%, but a sharp increase reemerges in 2022, resulting in a loss ratio of 118.74%, the highest in the dataset.

Direct and Earned Premiums for Earthquake

The data shows that direct premiums written for earthquake insurance in Vermont fluctuated between $28,341,000 and $28,731,000 from 2015 to 2020. The lowest amount was $28,341,000 in 2015. The highest was $28,731,000 in 2020. This represents an increase of just 1.4% over the 6 year period.

Direct premiums earned followed a similar pattern, ranging from $28,306,000 in 2015 to $28,717,000 in 2020. The lowest amount was also in 2015, while the highest was again in 2020. This was an increase of 1.4% as well over the time period. Looking year-over-year, direct premiums written increased slightly each year from 2015 to 2020, with the exception of 2017 which saw a small decrease from $28,382,000 in 2016 to $28,410,000 in 2017.

The largest yearly increase was from 2018 to 2019, when direct premiums written grew by $138,000 or 0.5% (from $28,559,000 to $28,697,000). In 2021 and 2022, direct premiums written and earned dropped sharply compared to prior years. In 2021, direct premiums written were $18,300,000, down 36% from 2020.

Direct premiums earned were $1,584,000, down 94.5% from 2020. In 2022, direct premiums written rebounded slightly to $1,926,000, up 5.3% from 2021. Direct premiums earned were $1,812,000 in 2022, up 14.4% from 2021.

Loss Ratios for Earthquake

The Earthquake insurance loss ratio data in Vermont displays notable trends and oscillations throughout the examined years. The loss ratios express a substantial range, with the lowest at 0.01% in 2016 and 2017 and the highest reaching 2.94% in 2022.

It's noteworthy that 2015, 2019, and 2021 data are missing. From 2016 to 2018, there's an evident increase from 0.01% to 0.29%, followed by a slight decrease in 2020 to 0.23%. The most striking shift, however, takes place in 2022, when the loss ratio suddenly escalates to 2.94%.

Direct and Earned Premiums for Workers Compensation

The data shows that direct premiums written and direct premiums earned for workers compensation insurance in Vermont fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $165,954,000 in 2021. The highest amount was $199,346,000 in 2016.

Direct premiums written decreased from $199,346,000 in 2016 to $165,954,000 in 2021, representing a 16.7% decline over the 6 year period. Direct premiums earned followed a similar pattern to direct premiums written over the time period. The lowest amount of direct premiums earned was $165,662,000 in 2021, while the highest amount was $198,802,000 in 2016.

The largest year-over-year decrease for direct premiums written was from 2019 to 2020, when it dropped by $17,605,000 or 9.5% (from $185,438,000 to $167,833,000). The largest increase was from 2021 to 2022, when direct premiums written grew by $10,205,000 or 6.1% (from $165,954,000 to $176,159,000).

Loss Ratios for Workers Compensation

The Workers Compensation loss ratios in Vermont display fascinating shifts throughout the years. The loss ratios varied significantly, with the lowest at 42.6% in 2018 and peaking at 72.2% in 2021. There was a consistent decline from 60.66% in 2015 to 42.6% in 2018, indicating a reduction in losses relative to premiums earned.

However, 2019 saw a resurgence to 56.91%, followed by a drop to 46.97% in 2020. Notably, 2021 marked the highest loss ratio of the period at 72.2%, suggesting a year with high claims costs. In the subsequent year, 2022, the loss ratio decreased to 51.95%.

Direct and Earned Premiums for Product Liability

The data shows that direct premiums written and direct premiums earned for products liability insurance in Vermont fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $6,220,000 in 2016. The highest amount was $8,824,000 in 2022. This represents an increase of over 40% from the low in 2016 to the high in 2022.

Direct premiums written decreased from $6,592,000 in 2015 to $6,220,000 in 2016 before increasing again in 2017 to $6,255,000. The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $1,526,000 or 21% (from $7,298,000 to $8,824,000).

Direct premiums earned followed a similar pattern, with the lowest amount being $6,594,000 in 2016 and the highest being $8,497,000 in 2022. This was an increase of over 28% from 2016 to 2022. The largest year-over-year increase in direct premiums earned was from 2018 to 2019, when it grew by $1,581,000 or 25% (from $6,212,000 to $6,793,000).

Loss Ratios for Product Liability

The Products Liability loss ratio data for Vermont presents distinct patterns and variations over the years. In particular, the loss ratios demonstrate considerable inconsistency, with the highest value being 132.63% in 2015 and the lowest at 3.37% in 2022. The data also reveals two instances of missing values for the years 2016 and 2018. Excluding these years, the overall trend appears to be a decline in loss ratios.

The most significant drop occurs between 2015 and 2017, with the loss ratio decreasing from 132.63% to 35.31%. The loss ratio then rises to 59.45% in 2019 before experiencing another substantial fall to 23.62% in 2020. From 2020 to 2021, the loss ratio moderately increases to 35.49%, but subsequently plummets to 3.37% in 2022.

Direct and Earned Premiums for Private Passenger Auto

The data shows that direct premiums written and earned for private passenger auto insurance in Vermont increased overall from 2015 to 2022.

The lowest amount of direct premiums written was $346,360,000 in 2015. This increased each year, with the exception of 2020 which saw a slight decrease to $384,542,000 from $395,461,000 in 2019. The highest direct premiums written was $404,902,000 in 2022. This represents an overall increase of around 17% from 2015 to 2022.

Similarly, direct premiums earned also increased steadily from $340,897,000 in 2015 to $400,136,000 in 2022, which is also an overall increase of around 17%. The largest year-over-year increase in direct premiums written was from 2015 to 2016, when it grew by $13,636,000 or 3.9% (from $346,360,000 to $359,996,000). The smallest year-over-year increase was just 0.7% from 2020 to 2021.

Loss Ratios for Private Passenger Auto

The loss ratio data for Private Passenger Auto Total in Vermont showcases several key findings over the years. From 2015 to 2018, the loss ratios exhibited a gradual decline, dropping from 58.26% in 2015 to 55.76% in 2018.

However, this trend was interrupted in 2019, when the loss ratio experienced a marginal increase to 56.13%. A significant shift in the data occurred in 2020, with the loss ratio plummeting to a low of 44.33%. This decrease hints at potential changes in the market or underlying factors influencing the industry.

Following this drop, the loss ratio rebounded to 55.15% in 2021, aligning closely with values from previous years. Notably, the most recent data point for 2022 displays a substantial increase in the loss ratio, reaching a high of 70.15%.

Direct and Earned Premiums for Commercial Auto

The data shows that direct premiums written and direct premiums earned for commercial auto liability insurance in Vermont increased steadily from 2015 to 2022.

The lowest amount of direct premiums written was $65,111,000 in 2015. The highest amount was $93,559,000 in 2022. This represents an increase of over 43% 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 $6,061,000 or 7.3% (from $82,636,000 to $88,697,000). The smallest year-over-year increase was 4.2%, from $75,189,000 in 2018 to $78,450,000 in 2019.

The direct premiums earned followed a similar trend, increasing each year from 2015 to 2022. The lowest amount was $65,189,000 in 2015 and the highest was $91,119,000 in 2022, a 40% increase. The largest year-over-year increase in direct premiums earned was from 2020 to 2021 at 4.7% (from $81,949,000 to $85,854,000). The smallest was a 2.1% increase from 2016 to 2017 (from $67,153,000 to $68,438,000).

Loss Ratios for Commercial Auto

The loss ratio data for Commercial Auto Total in Vermont depicts considerable variations across the years. The loss ratios oscillated between a minimum of 37.17% in 2021 and a peak of 57.79% in 2022. The data from 2015 to 2018 show a gradual rise in loss ratios, from 49.56% to 57.35%.

However, an observable dip was present in the years 2019 and 2020, with loss ratios reducing to 50.91% and 42.94% respectively. The lowest figure emerged in 2021, with a loss ratio of 37.17%. Interestingly, the year 2022 witnessed a significant surge, with the loss ratio rising sharply to 57.79%.

Direct and Earned Premiums for Aircraft

The data shows that direct premiums written and earned for aircraft insurance in Vermont fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $1,568,000 in 2016. The highest was $3,149,000 in 2022.

Direct premiums written increased overall from 2015 to 2022, with the exception of decreases in 2016 and 2018. The largest year-over-year increase in direct premiums written was from 2021 to 2022, when they grew by $663,000 or 26.7% (from $2,481,000 to $3,149,000).

Direct premiums earned followed a similar pattern to direct premiums written, with the lowest amount being $1,596,000 in 2018 and the highest being $2,687,000 in 2022. The largest year-over-year increase in direct premiums earned was also from 2021 to 2022, when they grew by $607,000 or 29.2% (from $2,080,000 to $2,687,000). The smallest year-over-year increase for both direct premiums written and earned was from 2019 to 2020, when they grew by just 1.4% and 11.4% respectively.

Loss Ratios for Aircraft

The Aircraft line of business in Vermont exhibits considerable variation in loss ratios from 2015 to 2022. In 2015, the loss ratio stood at 18.2%, only to more than double to 44.75% in 2016. A slight decrease occurred in 2017, with a ratio of 36.83%. However, 2018 witnessed a dramatic surge to 131.28%, the highest over the observed period. This peak was followed by a sharp drop to 18.06% in 2019.

Another significant increase was seen in 2020, with the ratio reaching 73.03%. A drastic reduction then occurred in 2021, showing the lowest loss ratio of the period at 2.74%. The year 2022 ended at a loss ratio of 23.88%, showing some recovery from the previous year's low.

Direct and Earned Premiums for Fidelity

The data shows that direct premiums written and direct premiums earned for fidelity insurance in Vermont decreased overall from 2015 to 2022. The highest amount of direct premiums written was $4,064,000 in 2015. This decreased to $2,540,000 in 2022, representing a 37.5% decline over the 8 year period.

Direct premiums earned followed a similar trend, starting at $4,138,000 in 2015 and ending at $2,510,000 in 2022, a 39.3% decrease. Looking year-over-year, the largest single year decrease in direct premiums written was from 2016 to 2017, when it dropped by $779,000 or 18.9% (from $4,124,000 to $3,453,000). The smallest year-over-year decrease was just 1.9% from 2018 to 2019 ($3613,000 to $3,550,000).

For direct premiums earned, the biggest single year decline was also from 2016 to 2017, falling by $642,000 or 15.9% (from $4,022,000 to $3,780,000). The smallest decrease was 0.2% from 2019 to 2020 ($3,534,000 to $3,538,000).

Loss Ratios for Fidelity

The Fidelity loss ratio data in Vermont reveals some interesting trends over the years. The loss ratios present considerable fluctuations, with a low of 5.66% in 2018 to a peak of 71.19% in 2021. The data for 2016 and 2019 are missing, leaving a gap in the trend. However, the available data from 2015 to 2017 indicates a decline, from 8.08% to 7.4%.

A slight dip to 5.66% is seen in 2018, which then jumped significantly to 10.44% in 2020. The most drastic change occurred in 2021, with the loss ratio skyrocketing to 71.19% before dropping to 31.02% in 2022.

Direct and Earned Premiums for Surety

The data shows that direct premiums written and direct premiums earned for surety insurance in Vermont fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $7,750,000 in 2018, while the highest was $9,735,000 in 2022.

Direct premiums earned followed a similar pattern, with the lowest amount being $8,048,000 in 2020 and the highest being $9,766,000 in 2022.

Overall, direct premiums written increased from $8,263,000 in 2015 to $9,735,000 in 2022, representing an increase of 17.8% over the 8 year period. The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $1,536,000 or 18.7% (from $8,199,000 to $9,735,000). The smallest year-over-year increase was just 1.8%, from $8,791,000 in 2019 to $8,928,000 in 2020.

Direct premiums earned followed a comparable trend, rising from $8,092,000 in 2015 to $9,766,000 in 2022, a 20.6% increase. The biggest jump was also from 2021 to 2022, when direct premiums earned grew by $1,670,000 or 20.6% (from $8,096,000 to $9,766,000). The smallest increase was only 0.4%, from $8,248,000 in 2020 to $8,280,000 in 2021.

Loss Ratios for Surety

The Surety loss ratio data for Vermont demonstrates notable variations and trends across the given years. In 2016, the loss ratio was minimal at 2.35%, followed by a slight increase to 9.43% in 2017.

Interestingly, data for 2015, 2018, 2021, and 2022 is unavailable, indicated by asterisks, which may warrant further investigation. The most striking observation is the dramatic surge in the loss ratio to a staggering 286.55% in 2020.

This jump is significantly higher than all other available data points, with the nearest value being 9.43% in 2017. The data for 2019 shows a relatively low loss ratio of 3.33%, which suggests a remarkable fluctuation between 2019 and 2020.

Direct and Earned Premiums for Warranty

The data shows that direct premiums written and direct premiums earned for warranty insurance in Vermont fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $5,259,000 in 2016, while the highest was $8,818,000 in 2019.

Direct premiums written decreased from $6,531,000 in 2015 to $5,259,000 in 2016, representing a 19.5% drop. After rebounding to $6,337,000 in 2017, direct premiums written fell again in 2018 to $5,983,000 before hitting its peak of $8,818,000 in 2019. Since 2019, direct premiums written have declined each year, falling to $8,022,000 in 2022.

Direct premiums earned generally increased over the period, starting at $3,004,000 in 2015 and reaching $8,815,000 in 2022. The largest year-over-year increase was from 2018 to 2019, when direct premiums earned grew by 48.9% from $3,289,000 to $4,895,000.

Loss Ratios for Warranty

The Warranty line of business in Vermont displays notable trends in loss ratio percentages over the years. The highest loss ratio, 72.39%, was recorded in 2016. This reduced slightly to 61.26% in 2017, and slightly increased to 64.67% in 2018. A significant drop was observed in 2019 when the loss ratio plummeted to 44.69%.

The downward trend persisted with 2020 and 2021 recording even lower loss ratios of 33.55% and 27.85%, respectively. The loss ratio in 2022 remains relatively consistent with the previous year at 27.66%.