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Quarterly Quarterly Premiums Premiums : Kansas : vs Kansas . United vs . States United States
2023 — Q1 Kansas Summary Table Kansas United States Premium Change To provide perspective To provide , perspective quarter-to-quarter , quarter-to-quarter premium change premium trends change can be trends visually can observed be visually below observed in below in
All Distribution + 6.2 % + 9.4 % Figure 2 — Kansas Figure Premium 2 — Kansas - All Premium Distribution - All Distribution , and in Figure , and 3 — in U Figure . S . Premium 3 — U . S -. All Premium Distribution - All Distribution . Table 2 . Table 2
Independent Agent + 4.6 % + 10.4 % and Table Exclusive 3 , and shown / Captive Table underneath 3 , shown underneath Figure 2 and Figure 23 and , + provide 10.6 Figure % three 3 , provide measures three of measures premium of change premium + 10.6 % rates change rates
for Kansas Direct and for the Kansas United and States the United . These States are . short-term These are + 6.7 ( short-term Q1-to-Q1 % ),( medium-term Q1-to-Q1 ), medium-term ( Rolling 12-months + ( Rolling 7.5 % ), 12-months ), and long-term Admitted and ( Average long-term 4-years ( Average ). For 4-years further ). perspective For further + 5.8 perspective on % the size of on the Kansas size of P the & C Kansas marketplace + P 9.1 & C % marketplace ,
, total premiums Surplus total Lines for premiums Kansas and for the Kansas United and States the United are also + States 14.6 provided % are also in provided Tables 2 and in Tables 3 from 2 2022 and + 3 , 13.4 the from % last 2022 , the last full Insurer year Highlights of data full year . of data .
State Farm Fire and Casualty Company State Farm Mutual Automobile Ins Co
Largest Insurer ( Group )
The three measures The three of measures premium of changes premium ( State may Farm changes be Group the may most ) be useful the most in understanding useful ( understanding State a state Farm ' s Group P & a C ) state ' s P & C insurance Metropolitan General Insurance Company Liberty Mutual Personal Insurance Co Fastest marketplace insurance Growing Insurer marketplace . Short-term ( Group ). premium Short-term change premium rates change tend to rates be the tend most to be volatile the most but volatile are the most but are the most
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( Liberty Mutual Insurance Companies ) current . Medium-term current . Medium-term are a bit more are stable a bit more but still stable current but . still Long-term current . change Long-term rates change are still rates current are still current Line of Business Premium Change Projections but the least but volatile the least , and volatile useful , for and assessing useful for longer-term assessing longer-term trends . trends .
All Auto + 5.6 % + 10.0 % Note : Homeowners The approach Note : The taken approach in this taken section in , this of showing section , visual of + 7.6 showing % Figures visual with Figures their related with their and related associated + 14.0 and % associated
Commercial Multi-Peril + 7.4 % + 13.0 % Tables directly Tables underneath directly underneath , is the same , is general the same approach general taken approach throughout taken throughout the rest of this the 2023 rest of — Q1 this 2023 — Q1 Underwriting Temperature Monitor ( Higher Percent Indicates Higher Losses ) Kansas Quarterly Kansas P & Quarterly C Marketplace P & C Marketplace Summary . For Summary detailed . For information detailed information on how the on Q1-to-Q1 how the , Rolling Q1-to-Q1 , Rolling
Q1 Current Sentiment + 48 % + 57 % 12-months Q1 Prior , 12-months and Year Average Sentiment , and 4-years Average change 4-years percentages change percentages are + 69 calculated % are , see calculated Appendix , see # 1 Appendix — Measuring # + 80 1 —%
Measuring Premium Average Change Premium Sentiment . Change ( 4-Year . ) + 58 % + 61 % Table 1 Source : © A . M . Best Company — used by permission .
Figure 2 Figure 2 Figure 3 Figure 3
Q1-to-Q1 Q1-to-Q1 Rolling Rolling Average Average Q1-to-Q1 Q1-to-Q1 Rolling Rolling Average Average + 6.2 % + 6.2 % + 12.6 % + 12.6 % + 8.2 % + 8.2 % + 9.4 % + 9.4 % + 9.7 % + 9.7 % + 7.2 % + 7.2 %
2022 Premium 2022 : $ 8,890,211,000 Premium : $ 8,890,211,000
2022 Premium 2022 : $ 875,468,762,000
Premium : $ 875,468,762,000
Table 2 Table 2 Table 3 Table 3 Source : © A . M Source . Best : Company © A . M . Best — used Company by permission — used by . permission .
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