Market Trends

The data shows that direct premiums written and direct premiums earned for total all lines of insurance in Maryland increased steadily from 2015 to 2022.

The lowest amount of direct premiums written was $10,571,550,000 in 2015. This increased each year, reaching a high of $14,796,205,000 in 2022. The direct premiums earned followed a similar pattern, starting at $10390370000 in 2015 and increasing to $14,358,349,000 in 2022.

Looking year-over-year, the largest increase in direct premiums written was from 2021 to 2022, when it grew by $2,016,098,000 or 14.6% (from $13,781,070,000 to $14,796,205,000). The smallest year-over-year increase was 2.5%, from $12,968,205,000 in 2020 to $13,281,070,000 in 2021.

The data for Total All Lines business in Maryland from 2015 to 2022 reveals notable trends. Loss ratios oscillated within a range of 53.13% to 65.78%. Specifically, 2015 started with a 61.11% loss ratio, slightly decreasing over the next two years reaching 59.73% in 2017.

A peak was observed in 2018 at 64.27%, only to decrease again in 2019 to 60.38%. The lowest ratio came in 2020, at 53.13%, with a marginal increase in 2021 to 53.74%. However, 2022 marked the highest loss ratio in the period at 65.78%.

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

The lowest amount of direct premiums written was $147,039,000 in 2015. This steadily increased each year, with the highest amount being $228,771,000 in 2022.

This represents an overall increase of over 55% in direct premiums written over the 8 year period. Similarly, direct premiums earned also increased each year from $147,887,000 in 2015 to $217,907,000 in 2022. This is an increase of over 47% over the period. The largest year-over-year increase in direct premiums written was from 2019 to 2020, when it grew by $23,996,000 or 14.0% (from $171,057,000 to $193,053,000). The smallest increase was 1.5% from 2016 to 2017 ($149,204,000 to $143,646,000).

For direct premiums earned, the biggest jump was also from 2019 to 2020, increasing by $22,283,000 or 13.7% (from $162,697,000 to $184,680,000). The smallest increase was 0.5% from 2017 to 2018 ($143,728,000 to $152,109,000).

The loss ratio data for Fire insurance in Maryland reveals notable trends and fluctuations over the years. The loss ratios display considerable variability, with the lowest recorded in 2021 at 27.35% and the highest in 2019 at 61.61%.

From 2015 to 2017, the loss ratios remained relatively stable, ranging from 38.19% to 38.41%. A considerable increase is observed in 2018, with a loss ratio of 43.92%. The most significant change occurred between 2018 and 2019, with an increase of 17.69 percentage points, reaching 61.61%.

In 2020, the loss ratio slightly decreased to 59.03% but still remained relatively high compared to previous years. A sharp decline is seen in 2021, with the loss ratio dropping to 27.35%, the lowest in the given period. The loss ratio in 2022 increased moderately to 33.32%, yet remained significantly lower than the peak levels of 2019 and 2020.

The data shows that direct premiums written and earned for allied lines insurance in Maryland increased steadily from 2015 to 2022. The lowest amount of direct premiums written was $120,137,000 in 2015.

This increased each year, reaching a high of $204,554,000 in 2022 - representing a 70% increase over the 8 year period. Direct premiums earned followed a similar trajectory, starting at $125,485,000 in 2015 and ending at $197,406,000 in 2022 - a 57% increase.

The largest year-over-year increase in direct premiums written was from 2019 to 2020, when it grew by $22,339,000 or 13.9% (from $160,528,000 to $182,867,000). The smallest increase was just 1.4% from 2016 to 2017 ($120,829,000 to $119,383,000).

For direct premiums earned, the biggest jump was also from 2019 to 2020, increasing by $20,152,000 or 13.6% (from $148,350,000 to $168,502,000). The smallest increase was 3.1% from 2017 to 2018 ($118,061,000 to $126,933,000).

The loss ratio data for Allied Lines in Maryland demonstrates notable trends.

From 2015 to 2017, there was a steady increase in loss ratios, climbing from 56.99% to a substantial 79.23%. A dramatic spike was seen in 2018, with the loss ratio reaching an unprecedented 132.03%, the highest in the observed period.

However, a significant downturn occurred in 2019, with the loss ratio dropping to 44.98%, nearly a 65% decrease from the previous year. A slight increase was seen in the subsequent years, with loss ratios of 45.62%, 47.79%, and 62.04% in 2020, 2021, and 2022, respectively.

The data shows that direct premiums written and direct premiums earned for Federal Multi-Peril Crop insurance in Maryland fluctuated between 2015 and 2022.

The lowest amount of direct premiums written was $27624,000 in 2020. The highest was $48514,000 in 2022. This represents an increase of over 75% from 2020 to 2022.

Direct premiums written decreased from $31010000 in 2015 to $27624000 in 2020 before increasing sharply to $48514000 in 2022. The largest year-over-year increase in direct premiums written was from 2020 to 2021, when it grew by $36402000 or 131.9% (from $27624000 to $38026000).

Direct premiums earned followed a similar pattern to direct premiums written over the time period. The lowest direct premiums earned was $27774000 in 2020 and the highest was $48030000 in 2022. This was an increase of 73% from 2020 to 2022. The largest year-over-year increase for direct premiums earned was also from 2020 to 2021, growing by $9210000 or 33.2% (from $27774000 to $36984000).

The loss ratio percentages for the Federal Multi-Peril Crop business in Maryland display notable variations over the years.

The loss ratio reached its zenith at 61.77% in 2018, while the nadir was observed in 2017 at 22.39%. Between 2015 and 2018, the loss ratios exhibited a sharp increase with a brief dip in 2017. In contrast, the ensuing years, 2019 to 2022, recorded a general descending trend.

However, 2020 and 2021 showed remarkably similar loss ratios, 38.9% and 38.46% respectively, indicating a temporary steadiness. The most recent year, 2022, marked a drop to 24.43%, the lowest since 2017.

The data shows that direct premiums written and direct premiums earned for federal flood insurance in Maryland fluctuated between 2015 and 2022.

The lowest amount of direct premiums written was $23,486,000 in 2022, decreasing from $33,833,000 in 2021. This represents a 30.6% decrease year-over-year. The highest amount of direct premiums written was $33,833,000 in 2021.

The direct premiums earned followed a similar trend, with the lowest amount being $29,285,000 in 2022 and the highest being $33,341,000 in 2021. This also represents a 12.2% decrease year-over-year for direct premiums earned. Overall, direct premiums written decreased each year from 2019 to 2022, after steadily increasing from 2015 to 2019.

The largest year-over-year decrease for direct premiums written was from 2021 to 2022 at 30.6%, while the largest increase was from 2015 to 2016 at 2.9% (from $32,062,000 to $33,153,000). The direct premiums earned don't always align directly with the direct premiums written.

The Federal Flood loss ratio in Maryland demonstrates marked fluctuations from 2015 to 2022.

The loss ratio began at a mere 0.03% in 2015, increased to a peak of 36.9% in 2018, and descended to 5.19% by 2022. 2016's figure of 30.28% was another notable high, followed by a significant decrease to 7.63% in 2017.

The subsequent year, 2018, saw a considerable rise to 36.9%, which then fell sharply to 7.73% in 2019. The ratio continued to show volatility, climbing to 12.29% in 2020, and further to 26.42% in 2021, before ultimately dropping to 5.19% in 2022.

The data shows that direct premiums written and earned for private crop insurance in Maryland fluctuated between 2015 and 2022. The lowest amount of direct premiums written and earned was $64,000 in 2018. The highest amount was $153,000 in 2022.

The direct premiums written and earned increased overall from 2015 to 2022, with some ups and downs in the middle years. From 2015 to 2016, direct premiums decreased slightly from $87,000 to $85,000.

Then premiums increased to $104,000 in 2017 before dropping to the low of $64,000 in 2018. After 2018, premiums rose steadily each year, with the biggest jump occurring from 2021 to 2022 when premiums grew from $113,000 to $153,000, representing a 35% increase.

The two years with the largest percent increases in direct premiums written and earned were 2018 to 2019 (65% increase from $64,000 to $106,000) and 2021 to 2022 (35% increase from $113,000 to $153,000). The smallest percent change was the 2% decrease from 2015 to 2016.

The loss ratio data for Private Crop insurance in Maryland presents notable patterns and variations within the given years. There is a marked lack of data for the years 2016, 2017, 2018, and 2021, which makes it difficult to analyze trends for those periods.

However, the available data shows a significant fluctuation in loss ratios between the years with available data. In 2015, the loss ratio began at a low of 2.01%, but it experienced a noteworthy increase in 2019 to 63.65%.

The most striking change appears in 2020, where the loss ratio skyrocketed to 173.85%. This dramatic increase suggests a potential surge in claims or a decrease in premiums for that year. By 2022, the loss ratio settled back down to 60.75%, which is relatively close to the 2019 figure.

The data shows that direct premiums written and direct premiums earned for private flood insurance in Maryland increased substantially from 2016 to 2022.

The lowest amount of direct premiums written was $3,005,000 in 2016. This steadily increased each year, with the highest amount being $13,322,000 in 2022. This represents a massive increase of over 440% over the 7 year period.

Looking at direct premiums earned, the lowest amount was $1,656,000 in 2016. This increased each year to reach $12,442,000 in 2022. This is an increase of over 750% over the period. The largest year-over-year increase in direct premiums written was from 2020 to 2021, when it grew by $3,155,000 or 40.3% (from $7,823,000 to $10,978,000).

The smallest increase was just under 10% from 2017 to 2018 ($616,000). For direct premiums earned, the biggest jump was from 2021 to 2022, increasing by $3,146,000 or 33.8% (from $9,296,000 to $12,442,000). The smallest increase was from 2016 to 2017 at just over 200% ($165,6000 to $503,7000).

The loss ratio percentage data for Private Flood insurance in Maryland shows remarkable variation over the period from 2016 to 2022.

The data ranges from a peak of 21.03% in 2022, to an unprecedented low of 0.86% in 2017. In 2016, the loss ratio was 18.23%, which then drastically dropped by 17.37 percentage points in 2017.

A gradual increase to 10.76% was observed in 2018, followed by a further rise to 18.85% in 2019. Interestingly, in 2020, the loss ratio dipped to 5.6%, before climbing again to 16.68% in 2021. The latest data from 2022 indicates a continuation of this increasing trend with a loss ratio of 21.03%.

The data shows that direct premiums written and direct premiums earned for farmowners multiple peril insurance in Maryland increased steadily from 2015 to 2022.

The lowest amount of direct premiums written was $26,987,000 in 2015. The highest amount was $33,994,000 in 2022. This represents an increase of over 25% 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 $3,313,000 or 10.1% (from $32,681,000 to $33,994,000). The smallest year-over-year increase was 2.2%, from $27,938,000 in 2016 to $28,570,000 in 2017. The direct premiums earned followed a similar pattern, with the lowest amount being $26,575,000 in 2015 and the highest being $32,966,000 in 2022.

This was an increase of over 24% over the period. As with direct premiums written, direct premiums earned increased each year. The largest year-over-year increase in direct premiums earned was 9.8%, from $31,141,000 in 2020 to $34,219,000 in 2021. The smallest increase was 2.3%, from $27,480,000 in 2016 to $28,090,000 in 2017.

The loss ratio data for Farmowners Multiple Peril in Maryland shows considerable variance over the years. In 2015, the loss ratio was at 36.66%, which increased slightly to 45.49% in 2016. A significant drop was observed in 2017, with the loss ratio falling to 27.23%. This trend was sharply reversed in 2018, when the loss ratio peaked at 48.56%.

The next year, 2019, saw a moderate decrease to 37.98%, before it rose again to 50.72% in 2020. In 2021, the loss ratio dropped to 34.95%, but the most notable change appeared in 2022, where the loss ratio spiked to 62.86%, the highest over this eight-year period.

The data shows that direct premiums written and direct premiums earned for homeowners multiple peril insurance in Maryland increased steadily from 2015 to 2022.

The lowest amount of direct premiums written was $1,628,226,000 in 2015. The highest was $2,463,057,000 in 2022. This represents an increase of over 50% over the 8 year period.

Direct premiums written increased each year from 2015 to 2022. The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $2,386,693,000 or 10.7% (from $22,243,364,000 to $24,630,057,000). The smallest increase was 6.1% from 2016 to 2017, from $16,911,101,000 to $17,564,750,000.

The trends for direct premiums earned are similar, with the lowest amount being $1,584,542,000 in 2015 and the highest being $2,334,262,000 in 2022. This is a 47.4% increase over the period. The largest year-over-year jump was 10.2% between 2021 and 2022, and the smallest was 4.7% between 2018 and 2019.

The loss ratio data for Homeowners Multiple Peril in Maryland displays notable variations throughout the years. The loss ratios fluctuate, with the lowest value of 50.36% in 2016 and the highest value of 90.77% in 2018. This significant increase in 2018 may be attributed to various factors that require further investigation. Between 2015 and 2017, the loss ratios remain fairly stable, with values of 54.77%, 50.36%, and 52.53%, respectively.

However, a sharp increase is observed in 2018, followed by a decrease to 62.75% in 2019. The loss ratios for 2020 and 2021 are similar, with values of 64.65% and 64.42%, respectively, indicating a level of consistency in these years. In 2022, the loss ratio again experiences a notable increase, reaching 78.97%

The data shows that direct premiums written and direct premiums earned for commercial multiple peril insurance in Maryland increased steadily from 2015 to 2022.

The lowest amount of direct premiums written was $636,161,000 in 2015. This increased each year, reaching $743,757,000 in 2021 and $809,898,000 in 2022.

This represents an overall increase of 27.4% from 2015 to 2021 and a further 8.9% increase from 2021 to 2022. Similarly, direct premiums earned started at $631,079,000 in 2015 and grew to $729,984,000 in 2021 and $784,931,000 in 2022. This is a 15.7% increase from 2015 to 2021 and 7.5% from 2021 to 2022.

The largest year-over-year increase in direct premiums written was from 2021 to 2022 at 8.9% (from $743,757,000 to $809,898,000). The smallest was 1.3% from 2016 to 2017 (from $637,851,000 to $654,489,000). For direct premiums earned, the largest increase was also 2021 to 2022 at 7.5%, while the smallest was from 2018 to 2019 at 1.8% (from $662,508,000 to $685,777,000).

An analysis of the loss ratio data for Commercial Multiple Peril in Maryland from 2015 to 2022 shows notable variations.

The loss ratios fluctuated significantly, reaching a peak of 64.36% in 2018, and a trough of 41.69% in 2017. The loss ratios for 2015 and 2016 were relatively high at 62.39% and 57.94% respectively, followed by a significant drop to 41.69% in 2017.

A sharp increase is observed in 2018, with the loss ratio soaring to 64.36%. However, this upward trend didn't sustain and the loss ratio fell to 53.47% in 2019, and further decreased to 43.59% and 44.43% in 2020 and 2021. In contrast, the year 2022 experienced a substantial rise in the loss ratio to 62.87%.

The data shows that direct premiums written and direct premiums earned for mortgage guaranty insurance in Maryland increased overall from 2015 to 2022.

The lowest amount of direct premiums written was $128,027,000 in 2015. This increased each year, reaching a peak of $167,566,000 in 2021 before decreasing slightly to $158,205,000 in 2022. This represents an overall increase of 23.6% from 2015 to 2022.

Direct premiums earned followed a similar upward trend, starting at $111,527,000 in 2015 and reaching a high of $180,667,000 in 2021. The largest year-over-year increase for direct premiums earned was from 2019 to 2020, when it grew by $28,198,000 or 18.3% (from $154,364,000 to $183,562,000).

The Mortgage Guaranty loss ratio data for Maryland from 2015 to 2022 presents a fluctuating trend. In 2015, the loss ratio was at a peak of 67.7%, dropping sharply to 51.38% in 2016. The decline continued, reaching a low of 12.41% in 2018.

However, there was a slight increase to 18% in 2019, before a significant jump to 54.86% in 2020. The most drastic drop occurred in 2021, where the loss ratio plummeted to a record low of 9.5%.

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

The lowest amount of direct premiums written was $96,325,000 in 2015. The highest amount was $139,223,000 in 2022. This represents an increase of over 44% 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 $10,012,000 or 7.8% (from $129,111,000 to $139,223,000).

The smallest year-over-year increase was 1.8%, from $97,972,000 in 2017 to $100,179,000 in 2018. Similarly, direct premiums earned also increased each year from 2015 to 2022. The largest year-over-year increase in direct premiums earned was from 2021 to 2022, when it grew by $8,759,000 or 7.0% (from $124,716,000 to $133,475,000). The smallest increase was 2.1%, from $96,587,000 in 2015 to $98,774,000 in 2016.

The loss ratio data for Ocean Marine in Maryland indicates considerable variations within the examined years. In 2015, the loss ratio was 47.76%, which then rose to 54.42% in 2016. It further peaked in 2017, reaching 62.15%, but then slightly declined to 60.67% in 2018.

The loss ratios in 2019 and 2020 were relatively consistent, standing at 55.06% and 55.45%, respectively. However, in 2021, a notable decrease occurred, with the loss ratio dropping to 51.42%. The most conspicuous shift was observed in 2022 when the ratio drastically declined to 26.78%.

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

The lowest amount of direct premiums written was $323,970,000 in 2015. The highest amount was $531,399,000 in 2022. This represents an increase of over 64% over the 8 year period. The direct premiums written increased each year from 2015 to 2019, with the exception of 2020 which saw a slight decrease from $419,685,000 in 2019 to $403,524,000 in 2020.

The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $53,049,000 or 11.1% (from $478,450,000 to $531,399,000). The direct premiums earned followed a similar pattern to the direct premiums written, with steady increases each year except for a slight dip from 2019 to 2020.

The lowest direct premiums earned was $321,256,000 in 2015 and the highest was $514,046,000 in 2022, an increase of 60% over the period. The largest difference between direct premiums written and direct premiums earned was in 2022, when direct premiums written were $531,399,000 and direct premiums earned were $514,046,000, a difference of $17,353,000 or 3.3%.

The Inland Marine loss ratio data for Maryland presents several key findings across the years 2015 to 2022.

The most noticeable fluctuation occurred between 2016 and 2017, with the loss ratio sharply increasing from 31.65% to 67.04%. This significant change was followed by a decrease to 55.25% in 2018, suggesting some volatility in the loss ratio during this period.

In comparison, the years 2018 to 2020 show a more stable trend, with the loss ratio hovering around the mid-50s, specifically 55.25% in 2018 and 51.66% in 2019, before rising to 63.28% in 2020. The years 2021 and 2022 display a downward shift in the loss ratio, standing at 42.87% and 45.03%, respectively.

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

The lowest amount of direct premiums written was $1,613,000 in 2022, while the highest was $6,556,000 in 2016. This represents a decrease of over 75% from the peak in 2016 to the low in 2022.

Direct premiums written increased from $4,946,000 in 2015 to $6,556,000 in 2016, before dropping to $3,005,000 in 2017. There was a slight increase to $3,149,000 in 2018, followed by further decreases to $2,019,000 in 2019 and $1,833,000 in 2020. In 2021 there was an increase to $2,520,000, before dropping again to the low of $1,613,000 in 2022.

For direct premiums earned, the lowest amount was $2,095,000 in 2022 and the highest was $16,394,000 in 2017. This represents a decrease of over 87% from 2017 to 2022. Direct premiums earned fluctuated greatly between years, with large increases from 2015 to 2016 and 2016 to 2017, followed by steep declines from 2017 onwards.

The analysis of loss ratio percentage for Financial Guaranty in Maryland presents compelling patterns in the course of the studied years. A significant peak is observed in 2017, with a loss ratio percentage of 179.09%, indicating a substantial loss experienced in relation to earned premiums.

However, data for the subsequent years (2018-2020, and 2021) are not available, which leaves a data void and inhibits trend continuity. Remarkably, in 2022, the loss ratio percentage escalates drastically to 358.47%. This constitutes a stark increase from the last available data point in 2017, nearly doubling the loss ratio.

The data shows that direct premiums written and direct premiums earned for medical professional liability insurance in Maryland increased steadily from 2015 to 2022.

The lowest amount of direct premiums written was $276,782,000 in 2015. The highest amount was $372,609,000 in 2022. This represents an increase of over 35% 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 $46,621,000 or 14.3% (from $325,988,000 to $372,609,000). The smallest year-over-year increase was 1.9%, from $300,788,000 in 2019 to $310,185,000 in 2020. The direct premiums earned followed a similar upward trend as the direct premiums written, increasing each year from 2015 to 2022.

The lowest direct premiums earned was $280,213,000 in 2015. The highest was $363,984,000 in 2022. This represents a 30% increase over the period. The largest year-over-year increase in direct premiums earned was 16.1% from 2020 to 2021 (from $313,832,000 to $324,270,000). The smallest was a 0.7% increase from 2016 to 2017.

The Medical Professional Liability loss ratio data for Maryland showcases notable trends and fluctuations between 2015 and 2022.

The loss ratios demonstrate considerable variation, with the lowest figure of 29.5% in 2015 and the highest at 71.87% in 2019. A general pattern of alternating increases and decreases is observed across the years. After an initial increase from 29.5% in 2015 to 57.29% in 2016, the loss ratio dropped to 31.54% in 2017, followed by a rise to 46.66% in 2018.

The most significant change occurred between 2018 and 2019, with an increase of 25.21 percentage points. Post-2019, the loss ratios started to decline again with a gradual decrease from 52.73% in 2020 to 42.03% in 2022. The years 2021 and 2022 show relatively stable loss ratios of 50.68% and 42.03%, respectively.

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

The lowest amount of direct premiums written was $9,502,000 in 2017, while the highest was $21,482,000 in 2021. This represents an increase of over 125% from the low point in 2017 to the high point in 2021.

Direct premiums written increased overall from 2015 to 2021, with the exception of a dip from $12,270,000 in 2015 to $10,139,000 in 2016. The largest year-over-year increase was from 2020 to 2021, when direct premiums written grew by $6,678,000 or 37.5% (from $17,804,000 to $21,482,000).

Direct premiums earned followed a similar pattern to direct premiums written, but lagged behind somewhat. The lowest direct premiums earned was $9,881,000 in 2017, while the highest was $21,811,000 in 2021 - a 120% increase. The largest year-over-year growth in direct premiums earned was from 2019 to 2020, increasing by $3,878,000 or 30.5% (from $12,715,000 to $15,293,000).

The loss ratio data for Earthquake insurance in Maryland displays notable variations across the years.

In 2016, the loss ratio was at its lowest, registering a mere 0.81%, while 2022 saw the highest loss ratio at 30.81%. The data reveals a general increase in loss ratios, despite some fluctuations. The period between 2015 and 2018 saw relatively low loss ratios, with 2017 as an outlier at 11.52%.

Post-2018, the loss ratios began to rise, albeit with some inconsistency. The year 2019 recorded a 1.69% loss ratio, which increased to 4.01% in 2020. The subsequent year, 2021, saw a slight decline to 1.78%. However, 2022 experienced a remarkable increase, reaching 30.81%.

The data shows that direct premiums written and direct premiums earned for workers compensation insurance in Maryland fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $87,358,300 in 2020. The highest amount was $979,503,000 in 2016.

Direct premiums written increased from $962,920,000 in 2015 to a peak of $979,503,000 in 2016, before decreasing to $963,264,000 in 2017. There was another decrease in 2018 to $943,360,000.

Premiums continued to decline in 2019 ($931,692,000) and 2020 ($873,583,000) before rebounding to $874,170,000 in 2021 and $920,566,000 in 2022. The largest year-over-year decrease in direct premiums written was from 2016 to 2017, when premiums declined by $16,239,000 or 1.7%.

The largest increase was from 2020 to 2021, when premiums grew by $587,000 or 0.7%. The trends for direct premiums earned are similar, with the highest amount of $976,687,000 in 2016 and the lowest amount of $886,847,000 in 2020. Direct premiums earned followed the same pattern of increases and decreases as the direct premiums written.

The data provided on Workers Compensation's loss ratio percentage in Maryland from 2015 to 2022 suggests intriguing trends. The loss ratios display significant variability, ranging from a peak of 60.47% in 2015 to a trough of 33.59% in 2022.

In the initial years, a consistent decrease in loss ratios is observed, dropping from 60.47% in 2015 to 46.6% in 2018. However, in the subsequent years, a slight increase is noted, reaching 47.78% in 2020. The year 2021 witnesses another dip to 46.03%. Surprisingly, in 2022, the loss ratio plummets to its lowest at 33.59%.

The data shows that direct premiums written and direct premiums earned for products liability insurance in Maryland fluctuated between 2015 and 2022.

The lowest amount of direct premiums written was $44820000 in 2016. The highest amount was $59322000 in 2022. Direct premiums written increased overall from 2015 to 2022, with the exception of a dip from $47936000 in 2015 to $44820000 in 2016.

Direct premiums earned followed a similar pattern to direct premiums written. The lowest amount was $45434000 in 2016, while the highest was $57615000 in 2022. Like direct premiums written, direct premiums earned decreased from 2015 ($48446000) to 2016 ($45434000) before increasing overall through 2022.

The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by $8250000 or 15%. The smallest year-over-year increase was just $71000 (0.2%) from 2016 to 2017. For direct premiums earned, the largest jump was from 2019 to 2020, an increase of $2436000 or 4.8%. The smallest increase was $196000 (0.4%) from 2017 to 2018.

Analyzing the loss ratio data for Products Liability in Maryland, considerable variation is evident across the years. The loss ratio peaked at 102.31% in 2015, indicating payouts surpassed premium collections. Data for 2016, 2017, and 2020 are not available, creating gaps in the trend analysis. In 2018, the loss ratio dropped to 91.22%, suggesting a decrease in losses or an increase in premiums.

A dramatic change is observed in 2019, with the loss ratio plummeting to 19.09%, the lowest in the series. This drastic drop may indicate a significant increase in premiums or fewer claims. The loss ratio in 2021 and 2022 shows a moderate rise to 53.77% and 45.1% respectively.

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

The lowest amount of direct premiums written was $4,224,922,000 in 2015. This increased each year, with the exception of 2020 which saw a slight decrease to $5,255,534,000 from $5,355,026,000 in 2019. The highest direct premiums written was $5,656,864,000 in 2022.

This represents an increase of over 33% from 2015 to 2022. The trends for direct premiums earned are similar. The lowest amount was $4,159,932,000 in 2015, increasing each year except for a slight dip in 2020. The highest direct premiums earned was $5,512,050,000 in 2022, representing an increase of over 32% since 2015.

The largest year-over-year increase in direct premiums written was from 2021 to 2022 at 5.7% (from $5,352,963,000 to $5,656,864,000). The smallest year-over-year increase was just 0.8% between 2020 and 2021. For direct premiums earned, the largest increase was 6.1% from 2021 to 2022, and the smallest was a 0.9% increase between 2020 and 2021.

Analysis of the loss ratio data for Private Passenger Auto Total in Maryland unveils notable trends and shifts. The loss ratios demonstrated considerable variation, with the lowest at 52.1% in 2020 and the highest at 81.26% in 2022.

The years 2015 and 2016 saw relatively higher loss ratios at 71.41% and 73.15%, respectively, followed by a gradual decrease until 2020. The most substantial drop occurred between 2019 and 2020, with a decrease of 14.04%. However, the trend reversed in 2021 with a significant increase to 65.82% and an even more substantial spike in 2022.

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

The lowest amount of direct premiums written was $518,450,000 in 2015. This increased each year, reaching a high of $953,948,000 in 2022 - an increase of over 84% over the 8 year period.

The direct premiums earned followed a similar trajectory, starting at $502,773,000 in 2015 and ending at $937,763,000 in 2022 - representing an increase of over 86%. The largest year-over-year increase in direct premiums written was from 2020 to 2021, when it grew by $150,745,000 or 20.2% (from $747,747,000 to $898,492,000).

The smallest increase was 6.1%, from $599,783,000 in 2017 to $651,823,000 in 2018. For direct premiums earned, the biggest jump was also from 2020 to 2021, increasing by $108,422,000 or 14.9% (from $726,336,000 to $834,758,000). The smallest increase was 4.8%, from $536,772,000 in 2016 to $577,299,000 in 2017.

The data for Commercial Auto Total in Maryland from 2015-2022 shows interesting patterns. The loss ratio percentages display some variability, with the highest at 63.9% in 2016 and the lowest at 53.57% in 2021.

The years 2015-2019 maintain relatively stable figures with the loss ratios hovering around 61%. A noticeable decline is seen in 2020 when the loss ratio drops to 55.01%, continuing into 2021 with an even lower rate of 53.57%. However, this downtrend is interrupted in 2022, with the loss ratio rebounding to 61.55%.

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

The lowest amount of direct premiums written was $16,944,000 in 2015. This increased to $24,364,000 in 2016 before dropping to $16,801,000 in 2017.

Direct premiums written then steadily increased each year from 2018 ($20,549,000) to 2022 ($35,370,000). The direct premiums earned follow a similar pattern to the direct premiums written, but lag one year behind. This is because premiums earned reflect the recognition of revenue from policies written in prior years. The lowest direct premiums earned was $17,256,000 in 2015.

This dropped to $21,256,000 in 2016 before increasing each year to $35,150,000 in 2022. The largest year-over-year increase in direct premiums written was from 2019 to 2020, when premiums grew by $5,517,000 or 22.1% (from $25,012,000 to $30,529,000). The smallest year-over-year increase was just 2.9%, from $20,549,000 in 2018 to $21,187,000 in 2019.

The loss ratio data for the Aircraft line of business in Maryland reveals variable trends over the eight-year span. Loss ratios in 2015 and 2016 were relatively low at 17.51% and 25.57% respectively.

A significant surge was observed in 2017, with the loss ratio reaching 66.01%, and this upward trend continued into 2018, peaking at 73.04%. However, a decline was noticed in 2019 with a loss ratio of 63.28%, which further plummeted to 25.94% in 2020. The year 2021 saw an increase to 41.01%, but the subsequent year, 2022, recorded a drop again to 20.53%.

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

The lowest amount of direct premiums written was $25,147,000 in 2018, while the highest was $28,279,000 in 2022. Direct premiums earned followed a similar pattern, with the lowest amount being $25,377,000 in 2019 and the highest being $27,292,000 in 2022.

Overall, direct premiums written increased from $27,222,000 in 2015 to $28,279,000 in 2022, representing a growth of 3.9% over the 8 year period. Direct premiums earned grew at a slightly slower pace, increasing from $26,868,000 in 2015 to $27,292,000 in 2022, a 1.6% increase.

The largest year-over-year increase in direct premiums written was from 2021 to 2022, when it grew by 6.4% from $26,759,000 to $28,279,000. The smallest year-over-year change was a 0.6% increase between 2016 and 2017. For direct premiums earned, the biggest jump was 6.1% from 2018 to 2019, while the smallest was a 0.5% increase from 2020 to 2021.

The loss ratio data for Fidelity in Maryland highlights noteworthy trends and fluctuations between 2015 and 2022. The loss ratios show considerable variability, with the highest value of 50.47% in 2015 and the lowest of 9.91% in 2021.

Between 2015 and 2017, the loss ratios saw a decline, dropping from 50.47% to 41.16%. The most significant decrease occurred in 2018, with a loss ratio of 30.87%. The year 2019 brought a slight recovery, reaching 38.51%.

However, the loss ratio experienced another substantial decrease in 2020, falling to 25.43%. In 2021, the loss ratio reached its lowest point at 9.91%, showing a significant drop from the previous year. In contrast, 2022 saw a considerable increase, with the loss ratio rising to 38.88%.

The data shows that direct premiums written and earned for surety insurance in Maryland fluctuated between 2015 and 2022. The lowest amount of direct premiums written was $153,869,000 in 2015.

This increased to a high of $228,580,000 in 2022, representing an increase of nearly 50% over the 8 year period. Direct premiums written increased each year from 2015 to 2017, from $153,869,000 to $167,371,000. It then decreased slightly in 2018 to $156,922,000 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 $65,230,000 or 40%.

Direct premiums earned followed a similar pattern, but lagged behind the direct premiums written. The lowest amount earned was $154,929,000 in 2015 versus the highest of $182,583,000 in 2022. This represents an increase of around 18% over the period. The largest year-over-year increase in direct premiums earned was from 2020 to 2021 when it grew by $16,629,000 or 10%.

The Surety loss ratio in Maryland demonstrates a fluctuating trend over the studied years. In 2015, the loss ratio commenced at a relatively low 9.57%. It surged notably to 21.23% in 2016 and continued this upward trend, reaching 30.2% in 2017. However, a significant drop was observed in 2018, with the loss ratio falling to 13.14%.

The most notable observation is the dramatic spike in 2019, where the loss ratio skyrocketed to 82.26%. This peak was short-lived, as the ratio declined significantly to 35.53% in 2020. The data for 2021 is not available. In 2022, the loss ratio dipped further to 13.04%. While the data exhibits considerable fluctuation, the overall trend suggests periodic shifts, with the most significant variation occurring in 2019.

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

The lowest amount of direct premiums written was $18,574,000 in 2020, while the highest was $27,117,000 in 2016. Direct premiums written increased from $19,188,000 in 2015 to a peak of $27,117,000 in 2016, before decreasing to $20,804,000 in 2021 and $20,434,000 in 2022.

Similarly, direct premiums earned started at $13,794,000 in 2015 and reached a high of $23,102,000 in 2019. It then decreased slightly to $21,670,000 in 2022. The largest year-over-year increase in direct premiums written was from 2015 to 2016, when it grew by $7,929,000 or 41.3%. The largest year-over-year increase in direct premiums earned was from 2017 to 2018, when it grew by $2,257,000 or 12.4%.

The Warranty Loss Ratio data for Maryland demonstrates notable trends and variations across the years. The loss ratios have experienced a consistent increase from 46.42% in 2015 to a peak of 70.98% in 2022.

This upward trend is punctuated by fluctuations, such as the 11.91% increase between 2015 and 2016 and the relatively stable figures from 2017 to 2018, with only a slight 0.17% rise. In the latter years, the loss ratios climbed more steeply, reaching 70.81% in 2019 and maintaining high levels in 2020 with 67.39%.

The upward trajectory continued through 2021, with a loss ratio of 70.11%, culminating in the highest recorded loss ratio of 70.98% in 2022.