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The National Association of Insurance Commissioners (NAIC) has released its final report on the nation’s top 25 property-casualty insurers. Along with the list came a lot of income information and other results.
To date 96% of the nation’s insurers have reported last year’s data to the NAIC.
These are the lines covered in the report: personal auto, commercial auto, workers’ compensation, medical professional liability, homeowners, and other liability (but not auto liability) insurance. Here are some results:
In 2021 the P&C industry wrote $791 billion in direct written premiums Direct premiums earned hit $761 billion Most written premiums — 31% — were in passenger auto lines
These are the top 25 insurers according to the NAIC:
1. State Farm Direct premiums written in 2021: $70.3 billion Direct premiums earned in 2021: $67.8 billion Market share: 8.88%
2. Berkshire Hathaway Direct premiums written in 2021: $51.6 billion Direct premiums earned in 2021: $50.07 billion Market share: 6.52%
3. Progressive Direct premiums written in 2021: $47.7 billion Direct premiums earned in 2021: $45.6 billion Market share: 6.03%
4. Allstate Direct premiums written in 2021: $41.3 billion Direct premiums earned in 2021: $40.07 billion Market share: 5.23%
5. Liberty Mutual Direct premiums written in 2021: $39.02 billion Direct premiums earned in 2021: $37.5 billion Market share: 4.93%
6. Travelers Direct premiums written in 2021: $30.9 billion Direct premiums earned in 2021: $28.8 billion Market share: 3.91%
7. Chubb Direct premiums written in 2021: $26.9 billion Direct premiums earned in 2021: $26.1 billion Market share: 3.41%
8. USAA Direct premiums written in 2021: $26.9 billion Direct premiums earned in 2021: $26.1 billion Market share: 3.41%
9. Farmers Direct premiums written in 2021: $25 billion Direct premiums earned in 2021: $24.4 billion Market share: 3.16%
10. Nationwide Direct premiums written in 2021: $19.4 billion Direct premiums earned in 2021: $18.9 billion Market share: 2.46%
11, Zurich Direct premiums written in 2021: $15.01 billion Direct premiums earned in 2021: $14.5 billion Market share: 1.90%
12. AIG Direct premiums written in 2021: $14.6 billion Direct premiums earned in 2021: $14.1 billion Market share: 1.86%
13. The Hartford Direct premiums written in 2021: $13.5 billion Direct premiums earned in 2021: $13.08 billion Market share: 1.71%
14. CNA Direct premiums written in 2021: $12.5 billion Direct premiums earned in 2021: $12.02 billion Market share: 1.59%
15. American Family Direct premiums written in 2021: $12.5 billion Direct premiums earned in 2021: $12.04 billion Market share: 1.59%
16. Tokio Marine Holdings Direct premiums written in 2021: $10.1 billion Direct premiums earned in 2021: $9.6 billion Market share: 1.28%
17. Auto-Owners Direct premiums written in 2021: $9.9 billion Direct premiums earned in 2021: $9.6 billion Market share: 1.25%
18. Fairfax Financial Direct premiums written in 2021: $9.5 billion Direct premiums earned in 2021: $8.6 billion Market share: 1.21%
19. Assurant Direct premiums written in 2021: $8.9 billion Direct premiums earned in 2021: $8.6 billion Market share: 1.13%
20. WR Berkley Corp. Direct premiums written in 2021: $8.2 billion Direct premiums earned in 2021: $7.6 billion Market share: 1.04%
21. Erie Insurance Direct premiums written in 2021: $7.8 billion Direct premiums earned in 2021: $7.2 billion Market share: 0.99%
22. AXA Direct premiums written in 2021: $7.7 billion Direct premiums earned in 2021: $7.3 billion Market share: 0.98%
23. American Financial Direct premiums written in 2021: $7.5 billion Direct premiums earned in 2021: $7.3 billion Market share: 0.94%
24. Markel CorpDirect premiums written in 2021: $7.4 billion Direct premiums earned in 2021: $6.8 billion Market share: 0.94%
25. SOMPO Direct premiums written in 2021: $6.5 billion Direct premiums earned in 2021: $6.03 billion Market share: 0.83%
Source link: PropertyCasualty360.com — https://bit.ly/3q4xdwX |
