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The Nation’s Top Insurers — Income & Market Percentage

Posted By Administration, Tuesday, March 12, 2019

The National Association of Insurance Commissioners (NAIC) tracks the total income and market share of the nation’s property and casualty insurers. The statistics are based on several different lines of business.

In 2018, the direct written premiums by the top 25 insurers was $670,262,757,463. While the figure only accounts for the income of 96.55% of the nation’s P&C insurers, it’s close enough to completely finished for the NAIC to draw some conclusions.

The top-10 companies — no surprise — account for a marketshare that is 47.79% of that just over $670 billion.

At this point things are still in the preliminary stages and the NAIC says the 2018 Market Share Reports for Property/Casualty Groups and Companies will be available this summer and will contain more in-depth information.

Here is the top-10:

 

1. State Farm

Direct premiums written — $65.9 billion

Direct premiums earned — $65.5 billion

Market share — 9.83%

 

2. Berkshire Hathaway

Direct premiums written — $42.9 billion

Direct premiums earned — $42.4 billion

Market share — 6.55%

 

3. Liberty Mutual

Direct premiums written — $34.6 billion

Direct premiums earned — $34.2 billion

Market share — 5.16%

 

4. Progressive

Direct premiums written — $33.75 billion

Direct premiums earned — $31.20 billion

Market share — 5.04%

 

5. Allstate

Direct premiums written — $33.25 billion

Direct premiums earned — $32.75 billion

Market share — 4.96%

 

6. Travelers

Direct premiums written — $26.24 billion

Direct premiums earned — $25.64 billion

Market share — 3.92%

 

7. Chubb

Direct premiums written — $22.01 billion

Direct premiums earned — $21.90 billion

Market share — 3.28%

 

8. United Services Automobile Association (USAA)

Direct premiums written — $22.0 billion

Direct premiums earned — $21.9  billion

Market share — 3.28%

 

9. Farmers Insurance

Direct premiums written — $20.31billion

Direct premiums earned — $20.15 billion

Market share — 3.03%

 

10. Nationwide

Direct premiums written — $18.42 billion

Direct premiums earned — $18.62 billion

Market share — 2.75%

 

The rest by marketshare:

11. AIG — 20.2%

12. Zurich — 1.85%

13. Hartford Fire & Casualty — 1.65%

14. CNA — 1.60%

15. American Family Insurance — 1.33%

16. Auto-Owners Insurance — 1.18%

17. Assurant — 1.07%

18. Erie Insurance — 1.06%

19. Tokio Marine — 1.0%

20. Fairfax Financial — 0.91%

21. American Financial Group — 0.89%

22. W.R. Berkeley — 0.88%

23. AmTrust Financial — 0.88%

24. AXA — 0.78%

25. Markel — 0.78%

Source link: National Underwriter

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