Market Trends

Direct and Earned Premiums for Fire

The data shows that direct premiums written and direct premiums earned for fire insurance in Wyoming fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $18,550,000 in 2017, while the highest was $35,772,000 in 2022.

This represents an increase of over 90% from the low in 2017 to the high in 2022. Direct premiums written increased each year from 2017 to 2022, with the exception of a slight decrease from $27,156,000 in 2021 to $35,772,000 in 2022. The largest year-over-year increase in direct premiums written was from 2019 to 2020, when it grew by $34,591,000 or 13.8% (from $25,120,000 to $28,511,000).

Direct premiums earned followed a similar pattern to direct premiums written over the period, with the lowest amount being $19,241,000 in 2017 and the highest being $30,361,000 in 2022. This was an increase of over 57% between those years. The largest year-over-year increase for direct premiums earned was from 2020 to 2021, when it grew by $7,479,000 or 12.5% (from $26,882,000 to $30,361,000).

Loss Ratios for Fire

The Fire Insurance loss ratio data for Wyoming from 2015 to 2022 shows significant variability. The loss ratio began at 60.19% in 2015, slightly increased to 62.68% in 2016, then dramatically dropped to 10.54% in 2017. It rebounded to 43.39% in 2018, before reaching a peak of 65.74% in 2019.

The highest loss ratio seen in this period was 83.98% in 2020. In 2021, data is unavailable. However, the loss ratio drastically dropped to 26.28% in 2022. This data indicates a period of significant fluctuation in loss ratios, with a general trend of increasing percentages from 2017 to 2020, followed by a decrease in 2022.

Direct and Earned Premiums for Allied Lines

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

The lowest amount of direct premiums written was $17,988,000 in 2015. The highest amount was $33,052,000 in 2022. This represents an increase of over 83% 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 2019 to 2020, when it grew by $31,312,000 or 12.3% (from $254,180,000 to $285,300,000). The smallest year-over-year increase was 0.7%, from $17,945,000 in 2016 to $18,553,000 in 2017.

Similarly, direct premiums earned also increased steadily over the period. It grew from $18,500,000 in 2015 to $32,857,000 in 2022, an increase of over 77%. The largest year-over-year increase in direct premiums earned was also from 2019 to 2020, when it increased by $32,220,000 or 13.5% (from $238,920,000 to $271,120,000). The smallest increase was 1.4%, from $18,743,000 in 2016 to $18,471,000 in 2017.

Loss Ratios for Allied Lines

The Allied Lines loss ratio in Wyoming displays considerable fluctuation from 2015 to 2022. Loss ratios begin at 53.14% in 2015, peak at 128.86% in 2019, then drop to 32.94% by 2021. Specifically, there's a sharp surge from 53.14% in 2015 to 95.72% in 2016, maintaining a high range in subsequent years, 86.45% in 2017 and 84.39% in 2018. This upward trend culminates in 2019's record high.

However, a drastic fall follows in 2020, down to 40.62%. From 2020 to 2022, figures remain in the lower third, showing a slight increase from 32.94% in 2021 to 33.19% in 2022. Overall, the data suggests a volatile loss ratio for Allied Lines in Wyoming, with a significant peak in 2019 followed by a steep decrease towards 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 Wyoming fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $15,977,000 in 2017.

This was down 8.1% from $17,600,000 in 2016. The highest amount was $34,472,000 in 2021, representing an increase of 115.7% from $16,790,000 in 2019. For direct premiums earned, the lowest amount was $15,428,000 in 2015 and the highest was $33,398,000 in 2022.

This 2022 figure was 116.4% higher than the 2019 amount of $15,441,000. The largest year-over-year increase in direct premiums written was from 2020 to 2021, when it grew by 73.1% from $19,918,000 to $34,472,000. The smallest year-over-year increase was just 0.9% from 2018 to 2019 ($16,390,000 to $16,790,000).

Loss Ratios for Multi-Peril Crop

The Federal Multi-Peril Crop loss ratio data for Wyoming showcases distinct trends and fluctuations from 2015 to 2022. The loss ratios demonstrate substantial volatility, from a low of 63.43% in 2018 to a soaring 134.37% in 2020. Between 2015 and 2017, there was a noticeable decline from 69.94% to 64.35%, followed by a marginal decrease to 63.43% in 2018.

However, 2019 saw a significant surge to 81.19%. The most substantial spike occurred in 2020 with an unprecedented 134.37%. The subsequent years, 2021 and 2022, witnessed a decline yet remained high at 88.95% and 115.35% respectively. This pattern suggests a general decrease until 2018, followed by a sharp increase and subsequent high variability.

Direct and Earned Premiums for Federal Flood

The data shows that direct premiums written and earned for federal flood insurance in Wyoming fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $1,061,000 in 2022, while the highest was $1,421,000 in 2017. Direct premiums earned ranged from a low of $1,230,000 in 2022 to a high of $1,464,000 in 2015. Overall, direct premiums written decreased from $1,313,000 in 2015 to $1,061,000 in 2022, representing a 19% drop over the 8 year period.

Direct premiums earned also declined from $1,460,000 in 2015 to $1,230,000 in 2022, a 16% decrease. Looking year-over-year, the largest increase in direct premiums written was from 2016 to 2017, when they grew by $203,000 or 16.7% (from $1,218,000 to $1,421,000). The largest decline was from 2021 to 2022, dropping by $310,000 or 22.6% (from $1,371,000 to $1,061,000).

For direct premiums earned, the biggest increase was from 2018 to 2019, rising by $65,000 or 5.3% (from $1,227,000 to $1,292,000). The largest decrease was also from 2021 to 2022, falling by $136,000 or 10% (from $1,366,000 to $1,230,000).

Loss Ratios for Federal Flood

The Federal Flood loss ratio data for Wyoming exhibits marked variation from 2015 through 2022. In 2015, the loss ratio stood at 52.4%, and it declined considerably to 27.98% in 2016. A continued downward trajectory was observed in 2017, with the ratio further dropping to 20.28%. This downward trend was most pronounced in 2018, with the loss ratio plummeting to a mere 0.92%.

An uptick was seen in 2019 as the ratio rose to 5.36%. Data for 2020 and 2021 is unavailable. However, the loss ratio in 2022 shows a notable increase, reaching 16.03%. This suggests a resurgence in loss ratio after the remarkably low figures of 2018 and 2019. The pattern shows a significant decrease from 2015 to 2018, a minor increase in 2019, followed by a more substantial rise in 2022.

Direct and Earned Premiums for Private Crop

The data shows that direct premiums written and earned for private crop insurance in Wyoming fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $1,649,000 in 2017, while the highest was $2,721,000 in 2016. Direct premiums written decreased from $2,685,000 in 2015 to $1,649,000 in 2017, representing a 38.6% drop over that period.

After hitting this low point in 2017, direct premiums written then increased to $1,951,000 in 2018 and $1,939,000 in 2020 before decreasing again to $1,874,000 in 2022. Similarly, direct premiums earned reached a low of $1,668,000 in 2017 after decreasing from $2,686,000 in 2015. Direct premiums earned then climbed to a peak of $2,133,000 in 2018 before dropping to $1,865,000 in 2022.

The largest year-over-year decrease for direct premiums written was from 2016 to 2017, when premiums declined by $1,072,000 or 39.4% (from $2,721,000 to $1,649,000). The largest increase was from 2017 to 2018, when direct premiums written grew by $302,000 or 18.3% (from $1,649,000 to $1,951,000).

Loss Ratios for Private Crop

The Private Crop loss ratio percentages in Wyoming displayed striking variations over the period from 2015 to 2022. The range was extensive, with the lowest ratio of 19.77% in 2022 and the peak of 100.29% in 2018. The data shows a marked upturn from 43.94% in 2015 to a drastic surge in 2018. Post-2018, a consistent decline is observed with a moderate increase in 2021 to 46.96%, only to fall again in 2022.

The year 2016 also saw a significant rise to 68.55%, followed by a drop to 57.19% in 2017. The downward trend from 2018 to 2022, notwithstanding the minor increase in 2021, is particularly noteworthy. Despite the fluctuations, the loss ratios for 2020 and 2022 were notably low, at 37.45% and 19.77% respectively, suggesting a period of lower claims or higher premiums.

Direct and Earned Premiums for Private Flood

The data shows that direct premiums written and earned for private flood insurance in Wyoming fluctuated between 2016 and 2022. The lowest amount of direct premiums written was $714,000 in 2016.

This increased to $960,000 in 2017, before dropping slightly to $900,000 in 2018. In 2019, direct premiums written rose to $921,000, then jumped to $1,040,000 in 2020. The highest amount was $1,755,000 in 2021. Direct premiums earned followed a similar pattern, starting at $338,000 in 2016, peaking at $1,290,000 in 2021, and ending at $1,767,000 in 2022.

Overall, direct premiums written increased 145% from 2016 to 2021. The largest year-over-year increase was in 2021, when direct premiums written grew by $715,000 or 68.8% compared to 2020. Direct premiums earned grew even more over the period, increasing 423% from 2016 to 2021. The biggest jump was from 2020 to 2021, when direct premiums earned increased by $257,000 or 24.9%.

Loss Ratios for Private Flood

 Examining the loss ratio data for Private Flood in Wyoming provides insightful trends and notable oscillations. The data depicts a significant variability, with a low of 2.49% in 2016 to a remarkable high of 256.48% in 2022. The intervening years, 2017 to 2021, saw loss ratios fluctuating between 3.48% and 11.4%. A closer look shows a slight increase from 2.49% in 2016 to 11.4% in 2017, then a sharp drop to 3.48% in 2018.

There was a moderate rise to 8.59% in 2019 and a continued increase to 11.13% in 2020. In 2021, the loss ratio slightly decreased to 10.03%, but 2022 witnessed an unprecedented surge to 256.48%. This indicates a largely inconsistent trend, with a dramatic spike in the most recent year.

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 Wyoming increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $28,801,000 in 2015. The highest amount was $39,841,000 in 2022. This represents an increase of over 38% 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 $3,893,000 or 10.5% (from $36,948,000 to $39,841,000). The smallest year-over-year increase was 1.8%, from $29,406,000 in 2016 to $29,893,000 in 2017. The direct premiums earned followed a similar trend, increasing each year from 2015 to 2022. The lowest amount was $31,338,000 in 2015 and the highest was $38,238,000 in 2022, a 22% increase. The largest year-over-year increase in direct premiums earned was also from 2021 to 2022 at 8.3% (from $35,344,000 to $38,238,000).

The smallest increase was 0.7% from 2016 to 2017. In most years, the direct premiums earned lagged slightly behind the direct premiums written, which is expected as premiums are generally earned over the term of the policy rather than all at once when written. The gap between direct premiums written and earned grew over time, from $2,537,000 in 2015 to $4,603,000 in 2022, indicating growth in the overall book of business.

Loss Ratios for Farmowners Multiple Peril

The loss ratio data for Farmowners Multiple Peril insurance in Wyoming reveals notable trends and variations over the years. The loss ratios demonstrate considerable fluctuations, with the lowest value of 38.75% in 2015 and the highest at 92.56% in 2019. Between 2015 and 2018, there was a general upward trend, with the loss ratio escalating from 38.75% to a peak of 82.62%.

This upward movement continued into 2019, where the loss ratio reached its zenith at 92.56%. However, a decline is observed from 2019 to 2020, with the loss ratio reducing to 81.39%. In the most recent years, 2021 and 2022, the loss ratios show a downward trend, with values of 63.34% and 43.94%, respectively. This indicates a significant decrease in loss ratio percentages compared to the previous years.

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 Wyoming increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $188617000 in 2015. The highest amount was $295576000 in 2022.

This represents an increase of over 56% 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 $291094000 or 11.1% (from $261482000 to $295576000). The smallest year-over-year increase was 2.8%, from $193836000 in 2016 to $200631000 in 2017. The trends for direct premiums earned are similar.

The lowest amount was $178836000 in 2015 and the highest was $276187000 in 2022, an increase of over 54%. The largest year-over-year increase in direct premiums earned was 10.9% from 2021 to 2022 (from $248110000 to $276187000). The smallest was 3.4% from 2016 to 2017 (from $191429000 to $197090000).

Loss Ratios for Homeowners Multiple Peril

The loss ratio data for Homeowners Multiple Peril insurance in Wyoming displays noteworthy fluctuations and trends over the years. The loss ratios vary considerably, from a low of 34.46% in 2022 to a peak of 126.92% in 2018. Between 2015 and 2016, there was a significant increase in the loss ratio from 47.21% to 69.21%, followed by a slight decrease to 68.07% in 2017.

A dramatic surge occurred in 2018, when the loss ratio reached its highest point at 126.92%. This peak was followed by a reduction to 93.22% in 2019 and further decline to 76.37% in 2020. In the most recent years, the loss ratios for 2021 and 2022 show a continuing downward trend, with values of 48.14% and 34.46%, respectively.

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 Wyoming increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $101,855,000 in 2015. The highest amount was $142,096,000 in 2022.

This represents an increase of over 39% 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 $19,118,000 or 15.5% (from $122,978,000 to $142,096,000). The smallest year-over-year increase was 1.4%, from $101,276,000 in 2018 to $102,764,000 in 2019.

The direct premiums earned followed a similar trend, increasing each year from 2015 to 2022. It ranged from a low of $101,499,000 in 2015 to a high of $133,780,000 in 2022, representing a 32% increase. The largest year-over-year growth in direct premiums earned was 16.1%, from $119,167,000 in 2021 to $133,780,000 in 2022. The smallest increase was 0.5%, from $101,331,000 in 2018 to $104,657,000 in 2019.

Loss Ratios for Commercial Multiple Peril

The loss ratio data for Commercial Multiple Peril in Wyoming presents striking variations across the examined years. Loss ratios fluctuated markedly, from a low of 33.05% in 2021 to a peak of 121.79% in 2019. During 2015 to 2018, a visible upward trend is observed, with ratios increasing from 36.48% to 60.78%.

However, an exceptional surge occurred in 2019, with the ratio skyrocketing to 121.79%. This anomaly was followed by a substantial drop to 48.74% in 2020. The subsequent years, 2021 and 2022, demonstrated similar loss ratios, 33.05% and 33.49% respectively. This suggests a stabilization after the previous years' volatile pattern.

Direct and Earned Premiums for Mortgage Guaranty

The data shows that direct premiums written and direct premiums earned for mortgage guaranty insurance in Wyoming decreased overall from 2015 to 2022. The highest amount of direct premiums written was $13,142,000 in 2015.

This decreased to $9,455,000 in 2022, representing a 28% decrease over the 8 year period. Similarly, the highest amount of direct premiums earned was $12,622,000 in 2015, decreasing to $9,673,000 in 2022, a 23% decrease. Looking year-over-year, direct premiums written decreased each year from 2015 to 2022, with the exception of 2019 which saw a slight increase from $11,544,000 in 2018 to $11,621,000 in 2019. The largest year-over-year decrease was from 2020 to 2021, when direct premiums written declined by $1,954,000 or 17.8% (from $10,987,000 to $10,033,000).

For direct premiums earned, the pattern was similar with declines each year except for the slight increase from 2018 ($11,808,000) to 2019 ($12,126,000). The biggest year-over-year decrease was also from 2020 to 2021, falling by $1,208,000 or 10.4% (from $11,573,000 to $10,365,000).

Loss Ratios for Mortgage Guaranty

The Mortgage Guaranty loss ratio data in Wyoming displays notable variations throughout the years 2015 to 2020. The loss ratio percentages fluctuated extensively, from a minimum of 5.28% in 2019 to a peak of 34.82% in 2020. In the earlier years, a steady increase occurred from 2015's 10.0% to 2016's 30.67%, followed by a decline to 18.17% in 2017.

The subsequent years witnessed a continuous decrease, with 2018's 14.2% leading to the lowest point in 2019. Interestingly, a sharp rise transpired in 2020, as the loss ratio percentage more than sextupled from the previous year. Unfortunately, data for 2021 and 2022 are unavailable, making it challenging to discern any recent trends or continuity in fluctuations.

Direct and Earned Premiums for Ocean Marine

The data shows that direct premiums written and earned for ocean marine insurance in Wyoming fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $983,000 in 2016, while the highest was $1,976,000 in 2021. This represents an increase of over 100% from the low in 2016 to the high in 2021.

Direct premiums written increased overall from 2015 to 2021, with the exception of a dip from $1,053,000 in 2015 to $983,000 in 2016. The largest year-over-year increase was from 2020 to 2021, when direct premiums written grew by $482,000 or 32.3% (from $1,494,000 to $1,976,000). The smallest year-over-year increase was just 2.8%, from $1,107,000 in 2019 to $1,133,000 in 2020.

Direct premiums earned followed a similar pattern to direct premiums written, with the low of $972,000 in 2016 and a high of $1,713,000 in 2021. This was an increase of 76.3% over this period. The largest year-over-year increase in direct premiums earned was from 2021 to 2022, when it grew by $341,000 or 19.9% (from $1,713,000 to $1,554,000). The smallest increase was just 1.9% between 2018 and 2019.

Loss Ratios for Ocean Marine

The Ocean Marine loss ratio data for Wyoming is unavailable.

Direct and Earned Premiums for Inland Marine

The data shows that direct premiums written and direct premiums earned for inland marine insurance in Wyoming increased overall from 2015 to 2022. The lowest amount of direct premiums written was $47,996,000 in 2015.

This steadily increased each year, with the exception of a dip from $46,906,000 in 2017 to $44,602,000 in 2016. The highest direct premiums written was $71,789,000 in 2022, representing an increase of 49.5% from 2015. Similarly, direct premiums earned started at $48,206,000 in 2015 and ended at $67,541,000 in 2022, an increase of 40.1%. The largest year-over-year increase for direct premiums written was from 2021 to 2022 at 13.9% (from $63,108,000 to $71,789,000).

The smallest was a 2.8% decrease from 2016 to 2017 (from $46,602,000 to $44,928,000). For direct premiums earned, the largest increase was 15.6% from 2021 to 2022 (from $59,960,000 to $67,541,000). The smallest increase was just 0.2% from 2015 to 2016 (from $48,206,000 to $48,428,000).

Loss Ratios for Inland Marine

The loss ratio data for Inland Marine insurance in Wyoming demonstrates notable trends and variations between 2015 and 2022. The loss ratios exhibit considerable fluctuation, with the lowest ratio of 33.26% in 2021 and the highest at 114.98% in 2018. Between 2015 and 2017, the loss ratios oscillated mildly, starting with 42.46% in 2015, peaking at 55.35% in 2016, and dropping to 40.05% in 2017.

A dramatic increase occurred in 2018, reaching 114.98%, followed by a sharp decline to 38.37% in 2019. The loss ratios then moderately increased to 47.8% in 2020, before reducing to 33.26% in 2021. Lastly, the loss ratios climbed to 44.17% in 2022. The data indicates a period of instability between 2018 and 2019, with loss ratios soaring and subsequently plummeting. On the other hand, the years 2021 and 2022 portray a relatively stable trend, with loss ratios remaining in the lower 30-40% range.

Direct and Earned Premiums for Financial Guaranty

The data shows that direct premiums written and earned for financial guaranty insurance in Wyoming fluctuated between 2015 and 2022. The direct premiums written were $0 in 2015, 2016, 2018, 2019, 2020, and 2022.

The highest direct premiums written were $390,000 in 2017 and $285,000 in 2021. The direct premiums earned followed a different trend. They were $84,000 in 2015, dropped to $39,000 in 2016, increased to $51,000 in 2017, and $50,000 in 2018. In 2019 they rose to $160,000 before dropping to $114,000 in 2020 and increasing again to $421,000 in 2021. In 2022, direct premiums earned were $54,000.

The largest year-over-year increase in direct premiums written was from $0 in 2016 to $390,000 in 2017. The largest year-over-year increase in direct premiums earned was from $114,000 in 2020 to $421,000 in 2021, representing a 269% increase.

Loss Ratios for Commercial Financial Guaranty

The Financial Guaranty loss ratio in Wyoming 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 Wyoming decreased overall from 2015 to 2022. The highest amount of direct premiums written was $23,777,000 in 2015. This decreased to $19,837,000 in 2022, representing a 16.5% decrease over the 8 year period.

Direct premiums earned followed a similar trend, with the highest amount being $23,760,000 in 2015 and decreasing to $19,283,000 in 2022, an 18.8% decrease. The largest year-over-year decrease for direct premiums written was from 2019 to 2020, when it dropped by $1,963,000 or 10.4% (from $18,905,000 to $19,742,000). The smallest year-over-year decrease was 1.0%, from $21,838,000 in 2018 to $21,623,000 in 2019.

For direct premiums earned, the largest year-over-year decrease was also from 2019 to 2020, dropping by $489,000 or 2.5% (from $19,407,000 to $19,518,000). The smallest year-over-year decrease for direct premiums earned was 0.7%, from $22,892,000 in 2018 to $22,719,000 in 2017.

Loss Ratios for Medical Professional Liability

The Medical Professional Liability data for Wyoming shows fluctuations in loss ratio percentages over the years. In 2015, the loss ratio was at its lowest, at 5.27%, only to spike significantly in 2016 to 52.03% and further to 61.19% in 2017.

An interesting trend follows with a decline to 35.14% in 2018 and dipping further to 19.32% in 2019. A slight increase is observed in 2020 with a loss ratio of 24.35%. However, the loss ratio soared to its highest point, 60.8%, in 2021, only to drop significantly to 16.85% in 2022. Overall, the data presents a pattern of high variability over the years.

Direct and Earned Premiums for Earthquake

The data shows that direct premiums written and direct premiums earned for earthquake insurance in Wyoming increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $2,952,000 in 2015. The highest amount was $6,402,000 in 2022.

This represents an increase of over 117% 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 $1,111,000 or 21% (from $5,291,000 to $6,402,000).

The smallest year-over-year increase was 1.7%, from $2,969,000 in 2016 to $3,197,000 in 2017. For direct premiums earned, the largest year-over-year increase was also from 2021 to 2022, when it grew by $1,095,000 or 21.9% (from $4,998,000 to $5,945,000). The smallest increase was 0.9% from $2,995,000 in 2015 to $3,061,000 in 2016.

Loss Ratios for Earthquake

The loss ratio data for Earthquake insurance in Wyoming presents notable fluctuations and certain gaps over the studied years. Specifically, the loss ratios display a wide range of values, with the lowest at 0.31% in 2018 and the highest at 6.43% in 2019. Between 2015 and 2017, there was a decline in the loss ratio, dropping from 2.73% to 0.66%. This downward trend continued into 2018, reaching its lowest point of 0.31%. However, a significant increase was then observed in 2019, with the loss ratio soaring to 6.43%.

Notably, no data was available for the years 2016, 2020, 2021, and 2022, which limits the analysis of trends during these periods. In summary, the available data for Earthquake insurance loss ratios in Wyoming exhibits considerable variability between 2015 and 2019, with a general downward trend followed by a sharp increase. The absence of data for certain years restricts further analysis and conclusions regarding the overall trend and potential factors influencing the fluctuations.

Direct and Earned Premiums for Workers Compensation

The data shows that direct premiums written and direct premiums earned for workers compensation insurance in Wyoming fluctuated between 2015 and 2022. The highest amount of direct premiums written was $265,262,000 in 2015. This declined each year from 2016 to 2018, dropping to $171,295,000 in 2018, a decrease of over 35% from 2015.

Direct premiums written then increased again in 2019 and 2020, before reaching $195,480,000 in 2021 and $213,505,000 in 2022. Similarly, direct premiums earned peaked at $265,334,000 in 2015 before declining to $171,801,000 in 2018, a 35% decrease. Direct premiums earned then rose to $192,180,000 in 2020 and $164,324,000 in 2021, before increasing to $204,844,000 in 2022. The largest year-over-year decrease for direct premiums written was from 2016 to 2017, when premiums declined by $22,288,000 or 9.1% (from $244,953,000 to $222,070,000).

The largest increase was from 2021 to 2022, when direct premiums written grew by $18,025,000 or 9.2% (from $195,480,000 to $213,505,000). For direct premiums earned, the steepest decline was also from 2016 to 2017, falling by $22,209,000 or 9.1% (from $244,754,000 to $217,745,000). The biggest increase was from 2021 to 2022, when direct premiums earned rose by $40,520,000 or 24.7% (from $164,324,000 to $204,844,000).

Loss Ratios for Workers Compensation

The loss ratio data for Workers Compensation in Wyoming displays intriguing oscillations from 2015 to 2022. The percentages peaked in 2021 at 124.16%, the highest in the observed period. This was significantly higher than the lowest recorded ratio in 2015, at 78.79%. Generally, the data suggests an increase in loss ratios over time, punctuated by occasional decreases.

For instance, the loss ratio fell from 102.21% in 2018 to 95.63% in 2019, only to rise sharply to 103.85% in 2020 and then to 124.16% in 2021. The year 2022 saw a decline to 97.93%, but still remained higher than most preceding years. This fluctuating trend indicates variability in the Workers Compensation loss ratios in Wyoming over the years.

Direct and Earned Premiums for Product Liability

The data shows that direct premiums written and direct premiums earned for products liability insurance in Wyoming fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $4,201,000 in 2016. The highest amount was $6,967,000 in 2022.

Direct premiums written decreased from $5,993,000 in 2015 to $4,201,000 in 2016, representing a 29.9% decrease. After hitting this low point in 2016, direct premiums written then increased each year from 2017 to 2022. The largest year-over-year increase was from 2021 to 2022, when direct premiums written grew by $2,138,000 or 36.7% (from $5,829,000 to $6,967,000). For direct premiums earned, the lowest amount was $4,645,000 in 2016 and the highest was $6,559,000 in 2022.

Similar to direct premiums written, direct premiums earned hit a low point in 2016 before increasing each year from 2017 to 2019. There was then a dip in 2020 to $5,253,000 before reaching the peak of $6,559,000 in 2022. The largest year-over-year increase for direct premiums earned was from 2020 to 2021, when it grew by $1,253,000 or 23.9% (from $5,253,000 to $6,063,000).

Loss Ratios for Product Liability

The loss ratio data for Products Liability in Wyoming demonstrates remarkable variations and trends throughout the given years. A striking observation is the wide range of loss ratios, with a high of 72.7% in 2015 and a low of 2.97% in 2019. Following the peak in 2015, there was a significant drop in loss ratios, reaching 25.02% in 2016 and further declining to 18.96% in 2017.

However, data for 2018 is not available, making it challenging to evaluate the trend during this period. The loss ratio in 2019 plummeted to its lowest point of 2.97%, indicating a substantial decrease in claims compared to premiums. In more recent years, the loss ratios have shown a moderate increase, with 18.34% in 2020 and 11.97% in 2021. Interestingly, there is a considerable rise in 2022, as the loss ratio reaches 39.6%.

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 Wyoming increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $368,707,000 in 2015. The highest was $488,981,000 in 2022. This represents an increase of over 32% 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 $30,483,000 or 6.6% (from $458,498,000 to $488,981,000). The smallest increase was 1.7%, from $374,169,000 in 2016 to $379,809,000 in 2017. The trends for direct premiums earned are similar. The lowest amount was $362,858,000 in 2015 and the highest was $475,435,000 in 2022, a 31% increase. The largest year-over-year growth was 6.3% between 2021 and 2022 (from $451,339,000 to $475,435,000).

The smallest was 1.8% between 2016 and 2017. In summary, the data shows steady premium growth for private passenger auto insurance in Wyoming over the 8 year period, with direct premiums written and earned increasing each year. The largest growth was between 2021 and 2022 while the smallest increases were around 1.7% to 1.8% between 2016 and 2017.

Loss Ratios for Private Passenger Auto

The loss ratio percentages for Private Passenger Auto Total in Wyoming exhibit fascinating trends and inconsistencies over the years. In 2015, the loss ratio stood at 58.2%, rising sharply to 72.61% in 2016. This was followed by a slight decline to 65.83% in 2017 and a minor increase to 67.75% in 2018. The highest loss ratio was recorded in 2019, at 76.39%, only to drop to 63.43% in 2020.

The recent years, 2021 and 2022, saw the loss ratios stabilizing at 58.99% and 60.83% respectively. The data shows a high degree of volatility in the loss ratios, with the most significant decrease observed between 2019 and 2020. However, the ratios appear more stable in the last two years.

Direct and Earned Premiums for Commercial Auto

The data shows that direct premiums written and direct premiums earned for commercial auto liability insurance in Wyoming fluctuated between 2015 and 2022.

The lowest amount of direct premiums written was $82,750,000 in 2016. This was down 10.0% from $91,839,000 in 2015. The highest amount was $126,992,000 in 2022, which represents an increase of 53.6% from the low in 2016. Direct premiums earned followed a similar pattern to direct premiums written. The lowest amount was $84,415,000 in 2017, down 1.6% from $85,762,000 in 2016.

The highest was $124,353,000 in 2022, up 47.3% from the low in 2017. The largest year-over-year increase in direct premiums written was from 2019 to 2020, when it grew by $16,298,000 or 14.4% (from $113,285,000 to $109,583,000). The smallest year-over-year increase was just 1.5% from $88,148,000 in 2017 to $95,103,000 in 2018.

Loss Ratios for Commercial Auto

The loss ratio data for Commercial Auto Total in Wyoming presents interesting patterns over the years. A steady increase in loss ratios from 49.12% in 2015 to a peak of 66.36% in 2019 is evident. This indicates a rise in claims relative to premiums over this period. However, a notable decrease occurs in 2020 with a loss ratio of 55.36%, showing a reduction in claim payouts compared to the income from premiums.

The figures for 2021 and 2022 reveal a close consistency with loss ratios of 52.23% and 55.15% respectively. Despite the dip in 2020, the overall trend from 2015 to 2022 shows a gradual increase in loss ratios, suggesting higher claims for Commercial Auto Total in Wyoming over these years. The most significant fluctuation occurs between 2019 and 2020, with a drop of approximately 11 percentage points.

Direct and Earned Premiums for Aircraft

The data shows that direct premiums written and direct premiums earned for aircraft insurance in Wyoming fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $4,956,000 in 2017. The highest was $11,564,000 in 2022. This represents an increase of over 130% from the low point in 2017 to the high in 2022.

Looking at direct premiums earned, the lowest amount was $4,820,000 in 2016 and the highest was $10,972,000 in 2022. This is a 128% increase from low to high. The largest year-over-year increase in direct premiums written was from 2020 to 2021, when it grew by $4,305,000 or 100% (from $8,603,000 to $12,108,000). The smallest year-over-year increase was just 1.2% from 2018 to 2019 ($5,374,000 to $5,118,000).

In most years, direct premiums earned followed a similar pattern to direct premiums written. However, there were some exceptions. For example, from 2016 to 2017, direct premiums written increased by only 2.1% while direct premiums earned jumped 8.4%. And from 2021 to 2022, direct premiums written decreased by 4.6% but direct premiums earned increased by 5.0%.

Loss Ratios for Aircraft

The loss ratio data for Aircraft insurance in Wyoming displays considerable variability across the eight-year period. The ratio reaches its peak in 2018, with an unusual loss ratio of 141.79%, indicating a year of significant claim payouts. This is a stark contrast to the previous year, 2017, which had a moderate loss ratio of 51.35%. An interesting downward trend is observed from 2018 to 2022, with 2019 and 2020 posting nearly identical loss ratios of 37.81% and 37.71%, respectively.

This trend continues into 2021, with a slight increase to 38.3%, then decreases again in 2022 to 35.75%. The years 2015 and 2016 also display a noteworthy decrease, from a loss ratio of 70.94% to 41.2%. 

Direct and Earned Premiums for Fidelity

The data shows that direct premiums written and earned for fidelity insurance in Wyoming fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $1,518,000 in 2017. The highest was $1,888,000 in 2021. This represents an increase of 24% over the 7 year period.

Direct premiums written increased from $1,558,000 in 2015 to $1,888,000 in 2021, with a slight dip in 2017 to $1,518,000. The largest year-over-year increase was from 2020 to 2021, when direct premiums written grew by $188,000 or 11% (from $1,700,000 to $1,888,000).

Direct premiums earned followed a similar pattern, ranging from a low of $1,499,000 in 2017 to a high of $1,861,000 in 2022. The biggest year-over-year jump was from 2019 to 2020, increasing by $132,000 or 8.4% (from $1,575,000 to $1,652,000).

Loss Ratios for Fidelity

The loss ratio data for Fidelity in Wyoming presents some noteworthy observations and variations during the years 2015 to 2022. The loss ratios exhibit considerable fluctuations, with the highest value at 46.35% in 2020 and the lowest at 6.5% in 2019.

Notably, there are three instances where data is missing, as denoted by the asterisks in 2016, 2018, and 2021. 2015 started with a moderate loss ratio of 44.26%, which then dropped significantly to 16.69% in 2017. This decline is followed by an extreme dip to 6.5% in 2019. Interestingly, the loss ratio then surged to its highest point of 46.35% in 2020 before settling at 28.96% in 2022.

Direct and Earned Premiums for Surety

The data shows that direct premiums written and direct premiums earned for surety insurance in Wyoming fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $29,727,000 in 2015.

This increased to $40,001,000 in 2016 before reaching the highest amount of $61,146,000 in 2021. Direct premiums earned followed a similar pattern, with the lowest amount being $30,464,000 in 2015 and the highest being $57,906,000 in 2021. Looking at year-over-year changes, the largest increase in direct premiums written was from 2017 to 2018, when it grew by $6,097,000 or 12.4% (from $49,150,000 to $55,247,000).

The smallest year-over-year increase was just 0.8% from 2019 ($57,011,000) to 2020 ($51,456,000). For direct premiums earned, the biggest jump was 15.5% from 2016 ($33,212,000) to 2017 ($45,738,000) while the smallest was 0.3% from 2020 ($52,761,000) to 2021 ($57,906,000).

Loss Ratios for Surety

The Surety loss ratio data for Wyoming demonstrates notable variations over the sampled years. In 2015, the loss ratio was minimal at 4.61%, but saw a significant increase in 2016 to 16.95%. The subsequent year, 2017, recorded a slight decrease to 14.29%, followed by a further marginal decline to 14.18% in 2018. A dramatic drop in loss ratio is observed in 2019, falling to 3.31%. No data is available for 2020, yet an unprecedented escalation transpired in 2021 with the loss ratio surging to 30.72%.

Direct and Earned Premiums for Warranty

The data shows that direct premiums written and direct premiums earned for warranty insurance in Wyoming fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $552,000 in 2015.

This increased each year to reach a high of $922,000 in 2022, representing a 67% increase over the period. Direct premiums earned followed a different trend. It peaked at $1,367,000 in 2015 before falling to a low of $578,000 in 2019. It then increased to $706,000 in 2021 and $666,000 in 2022. The largest year-over-year increase in direct premiums written was from 2020 to 2021, when it grew by $189,000 or 20.7% (from $914,000 to $903,000).

The smallest year-over-year increase was just 1.8% from $641,000 in 2016 to $657,000 in 2017. For direct premiums earned, the largest drop was from 2015 to 2016, falling by $66,000 or 4.8% (from $1,367,000 to $1,301,000). The biggest increase was from 2019 to 2020, when it grew by $51,000 or 8.8% (from $578,000 to $629,000).

Loss Ratios for Warranty

The loss ratio data for Warranty in Wyoming displays fascinating patterns and changes over the analyzed years. The data depicts considerable inconsistency, with a minimum of 11.3% in 2015 to a maximum of 89.86% in 2022. From 2015 to 2017, the loss ratios remained relatively low, with no available data for 2016 and a slight increase to 17.66% in 2017.

There was a significant jump to 41.25% in 2018 and a modest rise to 44.85% in 2019. The loss ratios for the recent years 2020 and 2021 were fairly stable at a high level, with 62.47% and 62.36% respectively. However, 2022 saw a dramatic increase to 89.86%. The overall trend indicates a low loss ratio period from 2015 to 2017, followed by a steady increase starting from 2018, with a sharp rise in 2022.