Market Trends

Direct and Earned Premiums for Fire

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

The lowest amount of direct premiums written was $158,564,000 in 2015. The highest amount was $311,566,000 in 2022. This represents an increase of over 96% 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 $53,000,000 or 20.5% (from $258,183,000 to $311,566,000). The smallest year-over-year increase was 2.9%, from $168,491,000 in 2017 to $175,282,000 in 2018.

The direct premiums earned followed a similar upward trend as the direct premiums written, but lagged behind somewhat. The lowest direct premiums earned was $162,143,000 in 2015. The highest was $286,635,000 in 2022. This represents an increase of over 76% over the period. The largest year-over-year increase in direct premiums earned was 16.7%, from $245,485,000 in 2021 to $286,635,000 in 2022. The smallest increase was 1.4%, from $174,642,000 in 2018 to $187,980,000 in 2019.

Loss Ratios for Fire

The data for Fire Insurance loss ratio in Wisconsin displays intriguing variations over the years. Notably, there is an upward trend from 36.8% in 2015 to 57.68% in 2021, but a decrease to 48.94% in 2022. The most striking observation is the extraordinary increase to 162.48% in 2018, significantly higher than any other year. The years following this peak, 2019 to 2021, show a gradual decrease to more typical levels, with loss ratios hovering around 50 to 57%.

Direct and Earned Premiums for Allied Lines

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

The lowest amount of direct premiums written was $137,281,000 in 2015. This increased to $253,270,000 in 2022, representing an overall increase of 84.5% over the 8 year period.

Direct premiums earned followed a similar trajectory, growing from $137,081,000 in 2015 to $239,686,000 in 2022 - an increase of 74.9%. Looking year-over-year, the largest increase in direct premiums written was from 2019 to 2020, when it grew by $41,874,000 or 23.5% (from $178,072,000 to $202,946,000).

The smallest year-over-year increase was 1.8%, from $143,678,000 in 2017 to $146,215,000 in 2018. For direct premiums earned, the biggest jump was also from 2019 to 2020, increasing by $36,980,000 or 22.4% (from $165,497,000 to $191,477,000). The smallest increase was 0.9% from 2016 to 2017 (from $141,861,000 to $142,485,000).

Loss Ratios for Allied Lines

The loss ratio data for Allied Lines in Wisconsin provides valuable insights into this line of business over the years. The data shows considerable variation, with the loss ratio swinging from a low of 24.73% in 2015 to a peak of 90.61% in 2018. Following the spike in 2018, there was a sharp decline to 31.26% in 2020. While the years 2021 and 2022 show an increase to 44.34% and 67.96% respectively, they still remain below the 2018 peak.

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 Wisconsin increased substantially from 2015 to 2022.

The lowest amount of direct premiums written was $252,426,000 in 2015. This steadily increased each year, with the highest amount being $456,518,000 in 2022 - an increase of over 80% from 2015.

Similarly, direct premiums earned grew from $244,626,000 in 2015 to $452,442,000 in 2022, representing an 85% increase. The largest year-over-year increase in direct premiums written was from 2020 to 2021, when it grew by $82,241,000 or 30.6% (from $268,458,000 to $350,871,000). The smallest year-over-year increase was just 2.6%, from $225,037,000 in 2017 to $214,803,000 in 2018.

Loss Ratios for Multi-Peril Crop

The loss ratio data for Federal Multi-Peril Crop in Wisconsin presents interesting patterns over the studied period. The variability is considerable, with the loss ratios oscillating between a low of 21.67% in 2022 and a peak of 96.06% in 2019. The dramatic surge in 2019 is an anomaly that demands further scrutiny to understand the underlying causes for such an excessive increase.

Following 2019's spike, 2020 saw an improvement with the loss ratio decreasing to 57.88%. The subsequent years, 2021 and 2022, saw a consistent reduction in the loss ratio, down to 31.14% and 21.67% respectively.

Direct and Earned Premiums for Federal Flood

The data shows that direct premiums written and direct premiums earned for federal flood insurance in Wisconsin fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $7,545,000 in 2022, down 28% from $10,297,000 in 2021. The highest amount was $10,671,000 in 2020.

Direct premiums written increased each year from 2015 to 2020, with the exception of 2016 which saw a slight decrease from $9,753,000 in 2015 to $9,572,000 in 2016. The largest year-over-year increase in direct premiums written was from 2019 to 2020, when it grew by $1,114,000 or 10.6% (from $10,557,000 to $10,671,000).

Direct premiums earned followed a similar pattern to direct premiums written over the period, with the lowest amount being $9,275,000 in 2022 and the highest being $10,598,000 in 2020. The largest year-over-year increase in direct premiums earned was also from 2019 to 2020, growing by $576,000 or 5.8% (from $10,022,000 to $10,598,000).

Loss Ratios for Federal Flood

The Federal Flood Loss Ratio data for Wisconsin presents some notable fluctuations. In 2015, the loss ratio stood at a meager 2.09%, jumping to 13.11% in 2016. However, a significant leap occurred in 2017, with the ratio reaching 45.85%. The year 2018 marks an extreme outlier, with the value skyrocketing to 180.94%, which then halved approximately to 90.61% the following year in 2019.

By 2020, the loss ratio had significantly reduced to 17.86%, much closer to the 2016 figures. The latest years, 2021 and 2022, exhibit a loss ratio decline to 3.82% and 2.97% respectively, lower than the initial 2015 level.

Direct and Earned Premiums for Private Crop

The data shows that direct premiums written and direct premiums earned for private crop insurance in Wisconsin fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $13,619,000 in 2015. This increased to $15,593,000 in 2016, $16,360,000 in 2017, and $16,034,000 in 2018 before dropping slightly to $15,533,000 in 2019.

Direct premiums written then increased to $16,440,000 in 2020 and $18,879,000 in 2021 before reaching the highest amount of $21,256,000 in 2022. Similarly, direct premiums earned started at $13,228,000 in 2015 and steadily increased each year until 2018 when it peaked at $17,579,000. It held relatively steady in 2019 and 2020 before increasing again to $18,979,000 in 2021 and $21,210,000 in 2022.

The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $3,377,000 or 17.9% (from $18,879,000 to $21,256,000). The smallest year-over-year increase was just 1.1% from 2020 to 2021. For direct premiums earned, the largest increase was also from 2021 to 2022 at 11.5%.

Loss Ratios for Private Crop

The loss ratio data for Private Crop insurance in Wisconsin shows interesting shifts over the years. The loss ratios ranged from a low of 37.93% in 2016 to a high of 104.12% in 2020. The surge in 2020 is noteworthy. The years 2017 and 2020 stand out due to their exceptionally high loss ratios of 89.28% and 104.12% respectively, suggesting potential years of heavy claims.

On the contrary, 2016 and 2021 present the lowest ratios, 37.93% and 42.78% respectively. The loss ratios in recent years, 2021 and 2022, show a decrease from the peak in 2020, with 2022’s ratio of 69.02%.

Direct and Earned Premiums for Private Flood

The data shows that direct premiums written and earned for private flood insurance in Wisconsin increased substantially from 2016 to 2022. The lowest amount of direct premiums written was $2,300,000 in 2016. This steadily increased each year, with the exception of a slight dip from $6,835,000 in 2020 to $6,099,000 in 2021.

The highest direct premiums written was $10,219,000 in 2021, representing a 344% increase from 2016. Direct premiums earned followed a similar trajectory, starting at $1,790,000 in 2016 and reaching $8,220,000 in 2021, a 360% increase.

The largest year-over-year growth for direct premiums written was from 2018 to 2019, increasing 74% from $5,896,000 to $10,219,000. For direct premiums earned, the biggest jump was from $3,630,000 in 2017 to $4,951,000 in 2018, representing a 36% increase.

Loss Ratios for Private Flood

The loss ratio data for Private Flood insurance in Wisconsin reveals considerable variation over the years. In 2016, the loss ratio was at a minimal 0.46%, but saw a staggering increase to 62.67% in 2017. The ratio maintained its high level in 2018 at 58.77%.

A notable deviation occurs in 2019, where the loss ratio spiked to an unprecedented 155.58%, the highest in the given period. Unfortunately, data for 2020 and 2021 is missing, making it challenging to track the trend in these years. However, by 2022, the loss ratio dramatically dropped to 5.3%.

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 Wisconsin increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $175,143,000 in 2015. This increased each year, reaching a high of $218,798,000 in 2022 - representing an overall increase of 25% over the 8 year period.

The direct premiums earned followed a similar trajectory, starting at $171,005,000 in 2015 and reaching $216,703,000 in 2022, for a 27% total increase.

Looking at year-over-year changes, the largest increase in direct premiums written was from 2020 to 2021, when it grew by $13,896,000 or 6.9% (from $201,948,000 to $212,844,000). The smallest yearly increase was just 2.6%, from $187,294,000 in 2018 to $189,966,000 in 2019.

Loss Ratios for Farmowners Multiple Peril

The loss ratio data for Wisconsin's Farmowners Multiple Peril insurance showcases notable shifts over the observed years. The loss ratios fluctuated significantly, with lows of 40.04% in 2015 and 40.51% in 2020, and highs of 78.3% and 78.49% in 2017 and 2019 respectively.

This extreme rise in 2017 and 2019 necessitates further exploration into the causes behind these increased claims. Interestingly, the period from 2015 to 2016 saw a mild increase in the loss ratio from 40.04% to 45.18%, indicating a slight uptick in claims.

However, the years following 2016 saw a marked escalation, peaking in 2017 and 2019. A significant improvement was observed in 2020, with the loss ratio dropping to 40.51%, but this was followed by an upswing in 2021 and 2022 to 60.89% and 69.13% 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 Wisconsin increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $134,407,000 in 2015.

The highest amount was $187,338,4000 in 2022. This represents an increase of over 39% 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 $15,666,130 or 9.1% (from $171,677,1000 to $187,338,4000).

The smallest year-over-year increase was 2.8%, from $134,407,0000 in 2015 to $138,029,5000 in 2016. Similarly, for direct premiums earned, the largest year-over-year increase was from 2021 to 2022, when it grew by $13,385,4000 or 8.1% (from $164,980,0000 to $178,833,4000). The smallest increase was 2.7% from 2015 to 2016.

Loss Ratios for Homeowners Multiple Peril

The loss ratio data for Homeowners Multiple Peril in Wisconsin showcases a fascinating array of trends and fluctuations over the years. The loss ratios show considerable variation, with the lowest being 42.58% in 2015 and the highest reaching an unprecedented 116.31% in 2022.

The year 2017 marked an increase to 58.81%, from 42.9% in the previous year. However, there was a slight decrease in 2018 to 52.0%, followed by a moderate rise to 54.74% in 2019. This was then followed by a drop to 44.35% in 2020. Interestingly, the loss ratio surged to 60.77% 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 Wisconsin increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $686,942,000 in 2015.

This increased each year, with the highest amount being $923,468,000 in 2022. This represents an increase of over 34% from 2015 to 2022. Similarly, direct premiums earned started at $670,874,000 in 2015 and increased to $889,950,000 in 2022. This is a 33% increase over the period.

The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $73,385,000 or 8.6% (from $850,483,000 to $923,468,000).

Loss Ratios for Commercial Multiple Peril

The Commercial Multiple Peril loss ratio in Wisconsin shows a fascinating progression over the years. Between 2015 and 2016, there was a modest increase from 40.47% to 41.11%. However, a substantial surge to 55.94% occurred in 2017. The trend continued into 2018, with the loss ratio reaching a peak of 69.26%.

Following this, a reduction was seen in 2019 and 2020, where the loss ratios were 58.43% and 54.45%, respectively. In 2021, the loss ratio slightly decreased further to 52.34%, suggesting a period of relative stability. However, 2022 revealed a dramatic shift, with the loss ratio skyrocketing to 85.02%, the highest in the observed period.

Direct and Earned Premiums for Mortgage Guaranty

The data shows that direct premiums written for mortgage guaranty insurance in Wisconsin increased steadily from 2015 to 2019, before declining in 2020 and 2021. The lowest amount of direct premiums written was $101,506,000 in 2015. The highest amount was $115,420,000 in 2019. This represents an increase of nearly 14% over the 6 year period from 2015 to 2019.

The direct premiums written increased each year from 2015 to 2019. The largest year-over-year increase was from 2018 to 2019, when direct premiums written grew by $3,733,000 or 3.4% (from $110,887,000 to $115,420,000). The smallest year-over-year increase was 1.8%, from $105,648,000 in 2016 to $110,294,000 in 2017. After peaking in 2019, direct premiums written declined to $115,148,000 in 2020 and $106,760,000 in 2021. This represents a 7.5% decrease from 2019 to 2020 and another 7.4% drop from 2020 to 2021.

The direct premiums earned followed a similar pattern, increasing from $96,747,000 in 2015 to a peak of $122,444,000 in 2019, before declining to $112,030,000 in 2021. The largest year-over-year increase in direct premiums earned was 16.1%, from $103,963,000 in 2017 to $120,629,000 in 2018.

Loss Ratios for Mortgage Guaranty

The Mortgage Guaranty loss ratio in Wisconsin shows intriguing trends from 2015 to 2022. The data reveals a significant drop from 23.66% in 2015 to a low of 2.54% in 2018. However, 2020 witnessed a notable increase, peaking at 16.78%, a six-fold rise compared to 2018.

The ratios in subsequent years, 2021 and 2022, show a downward trend, with a loss ratio of 6.99% in 2021.

Direct and Earned Premiums for Ocean Marine

The data shows that direct premiums written and direct premiums earned for ocean marine insurance in Wisconsin increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $35,530,000 in 2015. This increased each year, with the highest amount being $57,557,000 in 2022.

This represents an increase of over 60% in direct premiums written over the 8 year period. Similarly, direct premiums earned also increased each year from $34,815,000 in 2015 to $55,574,000 in 2022. This is an increase of almost 60%. The largest year-over-year increase in direct premiums written was from 2019 to 2020, when it grew by $7,200,000 or 17.9% (from $40,163,000 to $47,363,000).

The smallest increase was just 2.1% from 2016 to 2017 ($366,650,000 to $378,300,000). For direct premiums earned, the biggest jump was also from 2019 to 2020, increasing by $6,863,000 or 17.6% (from $39,054,000 to $45,917,000). The smallest increase was 1.1% from 2015 to 2016 ($34,815,000 to $36,372,000).

Loss Ratios for Ocean Marine

The loss ratio data for Ocean Marine in Wisconsin showcases some intriguing patterns over the years. Of particular interest is the low loss ratio of 0.6% in 2015, which then rose sharply to 28.41% in 2016. The loss ratio, however, decreased in 2017 and 2018 to 23.12% and 12.52% respectively, implying a more favorable claims environment or effective premium pricing.

The years 2019 and 2020 witnessed an uptick in the loss ratio to 34.17% and 31.43% respectively, possibly indicating a rise in claims or less effective underwriting strategies. Though 2021 saw a slight decrease to 27.04%, the year 2022 saw the highest loss ratio in the observed period at 40.01%.

Direct and Earned Premiums for Inland Marine

The data shows that direct premiums written and direct premiums earned for ocean marine insurance in Wisconsin increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $35,530,000 in 2015. This increased each year, with the highest amount being $57,557,000 in 2022.

This represents an increase of over 60% in direct premiums written over the 8 year period. Similarly, direct premiums earned also increased each year from $34,815,000 in 2015 to $55,574,000 in 2022. This is an increase of almost 60%. The largest year-over-year increase in direct premiums written was from 2019 to 2020, when it grew by $7,200,000 or 17.9% (from $40,163,000 to $47,363,000).

The smallest increase was just 2.1% from 2016 to 2017 ($366,650,000 to $378,300,000). For direct premiums earned, the biggest jump was also from 2019 to 2020, increasing by $6,863,000 or 17.6% (from $39,054,000 to $45,917,000). The smallest increase was 1.1% from 2015 to 2016 ($34,815,000 to $36,372,000).

Loss Ratios for Commercial Inland Marine

The loss ratio data for Inland Marine in Wisconsin presents an intriguing pattern across the years. The loss ratios exhibit moderate fluctuations, with the lowest value observed in 2015 at 37.27%, and the highest in 2020 at 52.69%. Between 2015 and 2018, there was a noticeable increase in loss ratios, with the largest annual jump occurring between 2017 and 2018, from 41.13% to 50.83%.

However, the data shows a plateauing trend in recent years, as the loss ratios for 2019, 2020, and 2021 remain relatively consistent, hovering around 48-52%. Interestingly, the loss ratio in 2022 dipped to 38.96%, approaching the 2015 value.

Direct and Earned Premiums for Financial Guaranty

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

The lowest amount of direct premiums written was $254,510,000 in 2015. The highest amount was $470,785,000 in 2022. This represents an increase of over 85% 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 $57,187,000 or 16.5% (from $346,853,000 to $404,040,000). The smallest year-over-year increase was 6.2%, from $325,410,000 in 2018 to $345,935,000 in 2019.

The direct premiums earned followed a similar pattern to the direct premiums written, with steady increases each year from 2015 to 2022. The lowest amount of direct premiums earned was $253,103,000 in 2015. The highest amount was $449,130,000 in 2022, representing an increase of over 77% over the period. As with the direct premiums written, the largest year-over-year increase in direct premiums earned was from 2020 to 2021 at 12.5% (from $346,198,000 to $389,189,000). The smallest increase was 6.4%, from 2018 to 2019.

Loss Ratios for Commercial Financial Guaranty

The Financial Guaranty loss ratio data in Wisconsin in unavailable. 

Direct and Earned Premiums for Medical Professional Liability

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

The lowest amount of direct premiums written was $101,000 in 2022, while the highest was $28,023,000 in 2020. This represents an increase of over 27 times from the lowest to the highest year.

Direct premiums written decreased from $250,000 in 2015 to $155,000 in 2016 before jumping up to $28,023,000 in 2020. It then dropped sharply to $1,976,000 in 2021. Direct premiums earned followed a different trajectory, peaking at $9,087,000 in 2016 before declining each year to $807,000 in 2022.

The largest year-over-year increase in direct premiums written was from 2019 to 2020, when it grew by $27,174,000 or 3,202%. The largest decline was from 2020 to 2021, when direct premiums written fell by $26,047,000 or 93%.

For direct premiums earned, the biggest increase was from 2015 to 2016, up $8,339,000 or 1,072%. The largest decrease was from 2020 to 2021, dropping by $4,579,000 or 91%.

Loss Ratios for Medical Professional Liability

The data for Medical Professional Liability loss ratios in Wisconsin presents a complex picture. There is a significant uptick from 0.83% in 2017 to 23.92% in 2018.

This trend continues into 2019 and 2020, with loss ratios peaking at 48.07% and 47.94% respectively. These years mark a period of high variability. However, in 2021, there is a surprising drop to a loss ratio of 5.14%, comparable to the 5.07% observed in 2015.

Yet, this is followed by a sharp increase in 2022, with the loss ratio soaring to 53.95%, the highest in the given period.

Direct and Earned Premiums for Earthquake

The data shows that direct premiums written and direct premiums earned for medical professional liability insurance in Wisconsin fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $75,186,000 in 2019.

The highest was $86,694,000 in 2022. Direct premiums earned ranged from a low of $74,778,000 in 2016 to a high of $85,263,000 in 2022. Overall, direct premiums written increased from $78,561,000 in 2015 to $86,694,000 in 2022, representing growth of 10.4% over the 8 year period. Direct premiums earned grew from $80,286,000 in 2015 to $85,263,000 in 2022, an increase of 6.2%.

The largest year-over-year increase in direct premiums written was from 2020 to 2021, when it grew by $18,268,000 or 22.4% (from $81,622,000 to $79,890,000). The smallest increase was just $498,000 or 0.7% from 2019 to 2020. For direct premiums earned, the biggest jump was from 2021 to 2022, increasing by $8,753,000 or 10.4% (from $84,410,000 to $85,263,000).

The smallest increase was from 2018 to 2019 at just $756,000 or 1.0% (from $77,253,000 to $75,009,000).

Loss Ratios for Earthquake

Analyzing the loss ratio data for the Earthquake line of business in Wisconsin reveals some notable points.

The data shows a marked increase in loss ratios from 2.23% in 2017 to 8.79% in 2018, indicating a more substantial loss for the insurer in the latter year. However, this increase was not sustained as the loss ratio reduced to 4.29% in 2020.

Direct and Earned Premiums for Workers Compensation

The data shows that direct premiums written and direct premiums earned for workers compensation insurance in Wisconsin fluctuated between 2015 and 2022.

The lowest amount of direct premiums written was $1,747,688,000 in 2020. The highest was $2,004,583,000 in 2016. Direct premiums written increased from $1,941,027,000 in 2015 to a peak of $2,004,583,000 in 2016, before decreasing to $1,959,628,000 in 2017.

There was another small decrease to $1,954,439,000 in 2018, followed by a drop to $1,931,595,000 in 2019. The largest year-over-year decrease came between 2019 and 2020, when direct premiums written fell by $183,907,000 or 9.5% (from $1,931,595,000 to $1,747,688,000).

Meanwhile, direct premiums earned followed a similar pattern, ranging from a low of $1,764,715,000 in 2020 to a high of $1,975,977,000 in 2016. The largest year-over-year increase in direct premiums earned was between 2015 and 2016, rising by $95,419,000 or 5.1% (from $1,880,558,000 to $1,975,977,000).

Loss Ratios for Workers Compensation

The loss ratio data for Workers Compensation in Wisconsin demonstrates notable shifts and patterns across the years. From 2015 to 2016, there was a slight increase in loss ratios, moving from 60.32% to 62.48%. However, a downward trend followed, with the loss ratio dropping to 56.42% in 2017 and further declining to 51.87% in 2018.

In 2019, the loss ratio increased again to 55.17%. The loss ratio then slightly decreased to 53.29% in 2020, and continued to decline to 52.14% in 2021. It is worth mentioning that the most significant drop occurred in 2022 when the loss ratio reached 45.47%.

Direct and Earned Premiums for Product Liability

The data shows that direct premiums written and direct premiums earned for products liability insurance in Wisconsin increased substantially from 2015 to 2022.

The lowest amount of direct premiums written was $81,717,000 in 2015. By 2022, this had increased to $110,384,000, representing an overall increase of 35% over the 8 year period.

Direct premiums earned followed a similar upward trend, growing from $80,522,000 in 2015 to $109,363,000 in 2022 - a 36% increase.

The direct premiums written and direct premiums earned increased each year from 2015 to 2022, with the exception of 2016 which saw a slight decrease in both metrics (direct premiums written fell from $81,717,000 in 2015 to $81,447,000 in 2016, while direct premiums earned decreased from $80,522,000 to $81,206,000).

The largest year-over-year increase in direct premiums written was from 2019 to 2020, when it grew by $21,159,000 or 23.6% (from $89,588,000 to $110,384,000). The smallest increase was just 0.8% from 2016 to 2017 (from $81,447,000 to $81,717,000). For direct premiums earned, the biggest jump was also from 2019 to 2020 - growing by $25,661,000 or 29.9% (from $85,884,000 to $109,363,000). The smallest increase was 2.0%, from $81,206,000 in 2016 to $81,717,000 in 2017.

Loss Ratios for Product Liability

The loss ratio data for Products Liability in Wisconsin displays notable fluctuations over the given years. In 2015, the loss ratio was at its highest, reaching 116.03%, indicating that claim payouts exceeded premiums received. This figure dropped substantially to 83.73% in 2016 and continued to decline to 73.05% in 2017.

There is a lack of data for 2018, which prevents a comprehensive analysis of the trends during that year. However, in 2019, the loss ratio slightly increased to 74.47% and further rose to 78.0% in 2020. In the more recent years, 2021 and 2022, there is a visible decrease in loss ratios, with figures reaching 66.03% and 69.68%, respectively.

Direct and Earned Premiums for Private Passenger Auto

The data shows that direct premiums written and direct premiums earned for private passenger auto insurance in Wisconsin increased overall from 2015 to 2022. The lowest amount of direct premiums written was $27,832,970,000 in 2015. This steadily increased each year, with the exception of 2020 which saw a slight decrease to $32,585,390,000 from $33,380,670,000 in 2019.

The highest direct premiums written was $36,270,470,000 in 2022. This represents an overall increase of 30% over the 8 year period. Direct premiums earned followed a similar pattern, with the lowest amount being $27,352,160,000 in 2015 and the highest being $35,258,280,000 in 2022. This was a 29% increase over the period.

The largest year-over-year increase in direct premiums written was from 2021 to 2022 at 7.1% (from $33,861,760,000 to $36,270,470,000). The smallest increase was just 0.3% from 2020 to 2021. For direct premiums earned, the largest increase was also from 2021 to 2022 at 5.1%, while the smallest was from 2016 to 2017 at 0.6%.

Loss Ratios for Private Passenger Auto

The loss ratio data for Private Passenger Auto Total in Wisconsin reveals a distinct pattern over the years. In the initial years from 2015 to 2017, the loss ratios hover around the 63% mark, only tapering down to 61% in 2018 and 2019.

However, a significant drop to 53.3% is observed in 2020, potentially signaling effective risk management strategies. This dip is followed by a sharp increase in the subsequent years, reaching 64.48% in 2021 and a high of 78.39% in 2022.

Direct and Earned Premiums for Commercial Auto

The data shows that direct premiums written and direct premiums earned for commercial auto liability insurance in Wisconsin increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $549,510,000 in 2015. The highest was $880,152,000 in 2022. This represents an increase of over 60% during 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 $80,156,000 or 11.2% (from $718,679,000 to $799,835,000). The smallest increase was 4.1%, from $592,753,000 in 2017 to $639,880,000 in 2018.

The direct premiums earned followed a similar trend, with the lowest amount being $533,948,000 in 2015 and the highest being $853,582,000 in 2022. This was an increase of almost 60% over the period. As with direct premiums written, direct premiums earned grew steadily each year.

The largest year-over-year increase was 11.1%, from $693,699,000 in 2020 to $772,577,000 in 2021. The smallest increase was 4.0%, from $565,941,000 in 2016 to $588,572,000 in 2017.

Loss Ratios for Commercial Auto

The loss ratio data for Commercial Auto Total in Wisconsin presents interesting patterns over the years. Between 2015 and 2017, there was a slight upward trend, with loss ratios increasing from 55.01% in 2015 to 57.89% in 2017. A modest dip occurred in 2018, with the value falling to 55.15%. However, this was followed by the highest recorded loss ratio of 60.16% in 2019.

A significant decrease in the loss ratio emerged in 2020, dropping to 47.31%, which was the lowest value in the given period. In 2021, the loss ratio rose to 51.05% and continued to increase in 2022, reaching 56.74%. The data reveals a fluctuating pattern in the loss ratios for Commercial Auto Total in Wisconsin over the specified years, with a general upward tendency, except for the noticeable drop in 2020.

Direct and Earned Premiums for Aircraft

The data shows that direct premiums written and earned for aircraft insurance in Wisconsin increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $18,172,000 in 2015. This increased each year, with the highest amount being $34,136,000 in 2022. This represents an increase of over 87% over the 8 year period.

The direct premiums earned followed a similar trajectory, starting at $18,501,000 in 2015 and reaching $32,179,000 in 2022. This is an increase of over 74% over the period. The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $5,948,000 or 21.1% (from $28,188,000 to $34,136,000).

The smallest year-over-year increase was just 2.6%, from $19,604,000 in 2018 to $20,077,000 in 2019.

Loss Ratios for Aircraft

The loss ratio data for Aircraft insurance in Wisconsin presents several notable trends and fluctuations over the years. In 2016, a significant drop in the loss ratio to 17.05% is observed, compared to 56.91% in 2015. This decline is followed by a resurgence in 2017 and 2018, with loss ratios of 55.82% and 60.39%, respectively, marking the highest point in the dataset.

From 2019 onwards, the loss ratios exhibit a general downward trend. In 2019, the loss ratio decreased to 48.07%, followed by a more substantial decline to 27.14% in 2020. This trend continues into 2021, with a further reduction to 19.65%. However, in 2022, the loss ratio experienced a slight increase, reaching 33.02%.

Direct and Earned Premiums for Fidelity

The data shows that direct premiums written and direct premiums earned for fidelity insurance in Wisconsin fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $22,169,000 in 2018, while the highest was $26,117,000 in 2022.

Direct premiums earned followed a similar pattern, with the lowest amount being $22,805,000 in 2018 and the highest being $25,819,000 in 2022. From 2015 to 2016, direct premiums written decreased slightly from $23,644,000 to $23,508,000, a drop of 0.6%.

However, direct premiums earned decreased at a higher rate of 0.7% during this period, going from $23,574,000 to $23,396,000. The largest year-over-year increase for direct premiums written was from 2021 to 2022, when it grew by 5.9% from $24,660,000 to $26,117,000.

The largest increase for direct premiums earned was also from 2021 to 2022, growing by 5.3% from $24,514,000 to $25,819,000.

Loss Ratios for Fidelity

The analysis of the loss ratio percentages for Fidelity insurance in Wisconsin over the years reveals discernible patterns and variations. A striking peak is observed in 2016, with a loss ratio of 93.9%, which significantly deviates from the other years. After this peak, the loss ratio experiences a notable decline from 2017 (29.27%) to 2019 (13.05%).

However, the loss ratio increases again in 2020, reaching 27.25%, before slightly dropping to 26.96% in 2021. The most recent data in 2022 shows a decrease in the loss ratio to 17.91%, closer to the levels observed in 2018 (17.62%).

Direct and Earned Premiums for Surety

The data shows that direct premiums written and earned for surety insurance in Wisconsin increased overall from 2015 to 2022. The lowest amount of direct premiums written was $55,469,000 in 2015. This steadily increased each year, with the exception of a slight dip from $60,777,000 in 2017 to $60,155,000 in 2019.

The highest direct premiums written was $79,568,000 in 2022, representing an increase of over 43% from 2015. Direct premiums earned followed a similar trend, starting at $57,818,000 in 2015 and reaching $72,319,000 in 2022, a 25% increase.

The largest year-over-year growth in direct premiums written was from 2021 to 2022 at 19.2% (from $66,786,000 to $79,568,000). The smallest was from 2016 to 2017, decreasing by 0.9% (from $61,341,000 to $60,777,000).

For direct premiums earned, the largest increase was 14.7% from 2018 to 2019 (from $64,089,000 to $72,319,000) and the smallest was 0.3% from 2020 to 2021 (from $64,018,000 to $63,153,000).

Loss Ratios for Surety

The loss ratio data for Surety in Wisconsin demonstrates interesting fluctuations over the specified years. A noteworthy observation is the significant decrease in the loss ratio from 2.67% in 2016 to 0.81% in 2017, followed by a sharp increase to 4.74% in 2018. In 2020, the loss ratio reached its peak at 11.21%, more than doubling the 4.74% observed in 2018.

However, the loss ratio experienced a decline of 3.13 percentage points to 8.08% in 2021. The most recent year, 2022, shows a substantially lower loss ratio of 2.0%, which is closer to the initial values observed in 2015 and 2016. 

Direct and Earned Premiums for Warranty

The data shows that direct premiums written and direct premiums earned for warranty insurance in Wisconsin fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $28,406,000 in 2020.

The highest was $52,293,000 in 2022. This represents an increase of 84% from 2020 to 2022. Direct premiums written increased each year from 2015 to 2017, from $30,129,000 to $33,104,000. It then decreased in 2018 to $29,179,000 before increasing again in 2019 and 2020. The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $19,185,000 or 58% (from $33,108,000 to $52,293,000).

Direct premiums earned followed a similar pattern, but lagged behind direct premiums written, as expected. The lowest direct premiums earned was $21,024,000 in 2015. The highest was $45,246,000 in 2022. This represents a 115% increase over the period. The largest year-over-year increase in direct premiums earned was also from 2021 to 2022, when it grew by $14,156,000 or 46% (from $31,090,000 to $45,246,000).

Loss Ratios for Warranty

The Warranty Loss Ratio data for Wisconsin reveals an interesting pattern over the given years. There is a slight decrease from 56.43% in 2015 to 50.12% in 2016, followed by a minor increment to 51.91% in 2017.

A remarkable jump is noticed in 2018, reaching a peak of 58.94%, the highest within this period. The loss ratio then declines to 52.83% in 2019 and marginally rises to 52.99% in 2020. The year 2021 displays an increase to 55.28%, but a significant drop is observed in 2022, with the loss ratio reaching its lowest point at 41.39%.