The National Association of Insurance Commissioners (NAIC) recently released information on the top-20 insurers in the workers’ compensation insurance market. The top-5 have an average market share of 5.55%
Combined, those five insurers have direct written premiums totaling over $15 billion.
1. Travelers
Market share: 6.69%
Cumulative market share: 6.69%
Direct written premium: $3,807,285,569
Direct loss to EP ratio: 41.78
Direct loss & DCC to EP ratio: 48.29
2. The Hartford
Market share: 6.39%
Cumulative market share: 13.09%
Direct written premium: $3,636,838,515
Direct loss to EP ratio: 45.23
Direct loss & DCC to EP ratio: 50.14
3. Am Trust
Market share: 5.56%
Cumulative market share: 18.64%
Direct written premium: $3,161,523,545
Direct loss to EP ratio: 44.5
Direct loss & DCC to EP ratio: 50.99
4. Zurich
Market share:
Cumulative market share: 4.83%
Direct written premium: $2,749,958,192
Direct loss to EP ratio: 22.75
Direct loss & DCC to EP ratio: 60.71
5. Chubb
Market share: 4.29%
Cumulative market share: 27,77%
Direct written premium: $2,441,329,450
Direct loss to EP ratio: 25.88
Direct loss & DCC to EP ratio: 30.03
6. Liberty Mutual
Market share: 4.07%
Cumulative market share: 31.84%
Direct written premium: $2,313,554,530
Direct loss to EP ratio: 59.73
Direct loss & DCC to EP ratio: 67.76
7. Berkshire Hathaway
Market share: 3.36%
Cumulative market share: 35.5%
Direct written premium: $2,082,410,484
Direct loss to EP ratio: 45.34
Direct loss & DCC to EP ratio: 43.08
8. Blue Cross Blue Shield Blue Care Network
Market share: 3.08%
Cumulative market share: 38.57%
Direct written premium: $1,749,368,291
Direct loss to EP ratio: 54.16
Direct loss & DCC to EP ratio: 59.37
9. New York State Insurance Fund
Market share: 2.75%
Cumulative market share: 41.32%
Direct written premium: $1,565,411,145
Direct loss to EP ratio: 63.55
Direct loss & DCC to EP ratio: 69.45
10. Old Republic Insurance Company
Market share: 2.52%
Cumulative market share: 45.84%
Direct written premium: $1,430,734,111
Direct loss to EP ratio: 46.97
Direct loss & DCC to EP ratio: 54.78
The rest of the top-20:
11. American Financial Group
Market share — 2.23%
12. W.R. Berkley
Market share — 2.11%
13. AIG
Market share — 2.11%
14. State Compensation Fund
Market share — 2.07%
15. Texas Mutual
Market share — 1.86%
16. ICW Group
Market share — 1.72%
17. CNA
Market share — 1.66%
18. Fairfax
Market share — 1.33%
19. Arch
Market share — 1.32%
20. Employers Holdings
Market share — 1.24%
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