Market Trends
Connecticut Insurance Market by Line of Business
Market trend analysis for all insurance lines of business in the Connecticut insurance market.
Introduction
On this page you will find a breakdown of the direct premiums written, direct premiums earned, and loss ratios for each line of business in Connecticut along with insights of the trends for each over time. Our data is pulled from various sources but the data you will see on this page is mostly from the National Association of Insurance Commissioners (NAIC) Report on Profitability by Line by State for the various years discussed.
All Lines of Business
Direct and Earned Premiums for All Lines of Business
Loss Ratios for All Lines of Business
What is a loss ratio?
What is a loss ratio?
Loss ratio is used in the insurance industry, representing the ratio of losses to premiums earned.
Losses in loss ratios include paid insurance claims and adjustment expenses. The loss ratio formula is insurance claims paid plus loss adjustment expenses divided by total earned premiums.
For example, if a company pays $80 in claims for every $160 in collected premiums, the loss ratio would be 50%. A high loss ratio may indicate strain on profitability within this line of business, especially for a property or casualty insurance company. Loss ratios help assess the health and profitability of an insurance company.
Fire
Direct and Earned Premiums for Fire
Loss Ratios for Fire
Allied Lines
Direct and Earned Premiums for Allied Lines
Loss Ratios for Allied Lines
Multi-Peril Crop
Direct and Earned Premiums for Multi-Peril Crop
Loss Ratios for Multi-Peril Crop
Federal Flood
Direct and Earned Premiums for Federal Flood
Loss Ratios for Federal Flood
Private Crop
Direct and Earned Premiums for Private Crop
Loss Ratios for Private Crop
Private Flood
Direct and Earned Premiums for Private Flood
Loss Ratios for Private Flood
Farmowners Multiple Peril
Direct and Earned Premiums for Farmowners Multiple Peril
Loss Ratios for Farmowners Multiple Peril
Homeowners Multiple Peril
Direct and Earned Premiums for Homeowners Multiple Peril
Loss Ratios for Homeowners Multiple Peril
Commercial Multiple Peril
Direct and Earned Premiums for Commercial Multiple Peril
Loss Ratios for Commercial Multiple Peril
Mortgage Guaranty
Direct and Earned Premiums for Mortgage Guaranty
Loss Ratios for Mortgage Guaranty
Ocean Marine
Direct and Earned Premiums for Ocean Marine
Loss Ratios for Ocean Marine
Inland Marine
Direct and Earned Premiums for Inland Marine
Loss Ratios for Inland Marine
Financial Guaranty
Direct and Earned Premiums for Financial Guaranty
Loss Ratios for Commercial Financial Guaranty
Medical Professional Liability
Direct and Earned Premiums for Medical Professional Liability
Loss Ratios for Medical Professional Liability
Earthquake
Direct and Earned Premiums for Earthquake
Loss Ratios for Earthquake
Workers Compensation
Direct and Earned Premiums for Workers Compensation
Loss Ratios for Workers Compensation
Product Liability
Direct and Earned Premiums for Product Liability
Loss Ratios for Product Liability
Private Passenger Auto
Direct and Earned Premiums for Private Passenger Auto
Loss Ratios for Private Passenger Auto
Commercial Auto
Direct and Earned Premiums for Commercial Auto
Loss Ratios for Commercial Auto
Aircraft
Direct and Earned Premiums for Aircraft
Loss Ratios for Aircraft
Fidelity
Direct and Earned Premiums for Fidelity
Loss Ratios for Fidelity
Surety
Direct and Earned Premiums for Surety
Loss Ratios for Surety
Warranty
Direct and Earned Premiums for Warranty
Loss Ratios for Warranty
Data Sources
This analysis is based on data from the National Association of Insurance Commissioners (NAIC) and other regulatory sources. Data was last updated on 2024.