2025’s Numbers are In — The 10 Largest P&C Insurers

Allianz’s Global Insurance Report has been released. Globally, property and casualty insurance premiums rose by 3.8% in 2025. That’s down from 2024’s increase of 8.5%. The report says the drop is a return to “normalization of pricing” after the long-lasting hard market.

Total premiums were $2,620,194,500,000. That’s one third of the $7,862,205,000,000 for the entire premiums written by the insurance industry. Allianz predicts an average increase in premiums of 4.5% per year for the next decade.

The largest P&C market is in North America. In direct written premiums, P&C insurers wrote $1.1 trillion in direct premiums in 2025. Data from A.M. Best shows the 10 largest insurers by written premium in 2025:

1. State Farm

2025 Net written premium: $113.79 billion

Change from 2024: 5.6%

2. Progressive

2025 Net written premium: $83.15 billion

Change from 2024: 11.7%

3. Berkshire Hathaway

2025 Net written premium: $80.97billion

Change from 2024: 0.8%

4. Allstate

2025 Net written premium: $56.74 billion

Change from 2024: 7.6%

5. Travelers

2025 Net written premium: $42.12 billion

Change from 2024: 2.5%

6. USAA

2025 Net written premium: $37.53 billion

Change from 2024: 6.6%

7. Liberty Mutual

2025 Net written premium: $37.23 billion

Change from 2024: -3.3%

8. Chubb

2025 Net written premium: $27.52 billion

Change from 2024: 6.3%

9. Farmers

2025 Net written premium: $21.55 billion

Change from 2024: 10.4%

10. The Hartford

2025 Net written premium: $17.7 billion

Change from 2024: 7.3%

Source link: PropertyCasualty360.com — https://bit.ly/4x3aBgL