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The Nation’s Top Insurers — Net Written Premium

Posted By Administration, Tuesday, July 9, 2019

S&P Global Market Intelligence gathered its own information and put it with information issued each year by the National Association of Insurance Commissioners (NAIC) and then shared it with National Underwriter.

The publication turns it into the annual Top 100 and Heads of the Lines list that measures the top 100 insurers in the country. We are only looking at the top 20. The source link at the bottom of this story will take you to the PropertyCasualty360.com story that has all of the information.

 

Here is the top-10 based on a comparison of 2018 to 2017.

1. State Farm: Stayed the same — number 1 in 2018 and number 1 in 2017

Net premiums written — $65.5 billion

Percentage of growth from 2017 to 2018 — 1.34%

2018 combined ratio — 97.34

2017 combined ratio — 109.86

12.52% better

2. Berkshire Hathaway: Stayed the same — number 2 in 2018 and 2 in 2017

Net premiums written — $50.3 billion

Percentage of growth from 2017 to 2018 — 8.26%

2018 combined ratio — 95.84

2017 combined ratio — 102.24

6.4% better

3. Progressive: Up two places —  number 3 in 2018 and number 5 in 2017

Net premiums written — $32.6 billion

Percentage of growth from 2017 to 2018 — 20.19%

2018 combined ratio — 90.27

2017 combined ratio — 93.18

2.92% better

4. Allstate: Down one place — number 4 in 2018 and number 3 in 2017

Net premiums written — $32.3 billion

Percentage of growth from 2017 to 2018 — 5.66%

2018 combined ratio — 90.06

2017 combined ratio — 90.90

0.84% better

5. Liberty Mutual: Down one place — number 5 in 2018 and number 4 in 2017

Net premiums written — $31.8  billion

Percentage of growth from 2017 to 2018 — 11.2%

2018 combined ratio — 99.13

2017 combined ratio — 110.58

11.45% better

6. Travelers: Stayed the same — number 6 in 2018 and number 6 in 2017

Net premiums written — $25.8 billion

Percentage of growth from 2017 to 2018 — 5.42%

2018 combined ratio — 85.36

2017 combined ratio — 96.24

0.97% better

7. USAA: Stayed the same — number 7 in 2018 and number 7 in 2017

Net premiums written — $21.5 billion

Percentage of growth from 2017 to 2018 — 9.61%

2018 combined ratio — 103.33

2017 combined ratio — 104.86

1.53% better

8. Chubb: Up three places — number 8 in 2018 and number 11 in 2017

Net premiums written — $19.6  billion

Percentage of growth from 2017 to 2018 — 77.79%

2018 combined ratio — 85.36

2017 combined ratio — 94.66

9.3% better

9. Nationwide: Down one place — number 9 in 2018 and number 8 in 2017

Net premiums written — $11.1  billion

Percentage of growth from 2017 to 2018 — -3.81%

2018 combined ratio — 108.43

2017 combined ratio — 113.32

4.90% better

10. AIG: Down one place — number 10 in 2018 and number 9 in 2017

Net premiums written — $14.6 billion

Percentage of growth from 2017 to 2018 — 1.33%

2018 combined ratio — 123.13

2017 combined ratio — 126.57

3.44% better

The rest of the top-20:

11. Farmers

12. The Hartford

13. American Family Insurance

14. Auto-Owners Insurance

15. Swiss Re

16. Erie Insurance

17. Fairfax Financial

18. Munich Re

19. CNA

20. Tokio Marine

Source link: PropertyCasualty360.com

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