Top 25 Property/Casualty Insurance Companies in the US

The nation’s top 25 property/casualty insurance companies claim almost two-thirds of the total market and wrote more than $552 billion in premium in 2017 – up 4.6% from the year past, as indicated by new information from the National Association of Insurance Commissioners.

State Farm Group is once again the largest property/casualty insurance company in the US, representing 10.1% of the market and writing $64.8 billion in direct premiums – nearly $30 billion more than its nearest competitor, Berkshire Hathaway ($38.4 billion).

Liberty Mutual, Allstate and Progressive all retained their market rankings compared to 2016, with Progressive the only one to increase its market share by 0.4%.

Further down the top 10 rankings, Nationwide dropped two places from eight to 10, with its direct premiums written falling from $19.7 billion in 2016 to $19.2 billion in 2017. It switched places with USAA Insurance Group, which boosted its direct premiums written from $18,2 billion in 2016 to $20.1 billion in 2017, increasing its market share by 0.1%

The 25 biggest property/casualty insurance groups, by direct premiums were written and market share, are:

1. State Farm 
Direct Premiums Written: $64.8 billion
Market Share: 10.1%


2. Berkshire Hathaway 
Direct Premiums Written: $38.4 billion
Market Share: 6.0%

3. Liberty Mutual
Direct Premiums Written: $33.8 billion
Market Share: 5.3%

4. Allstate
Direct Premiums Written: $31.5 billion
Market Share: 4.9%


5. Progressive
Direct Premiums Written: $27.8 billion
Market Share: 4.3%

6. Travelers 
Direct Premiums Written: $24.8 billion
Market Share: 3.9%

7. Chubb 
Direct Premiums Written: $21.2 billion
Market Share: 3.3%


8. USAA
Direct Premiums Written: $20.1 billion
Market Share: 3.1%

9. Farmers
Direct Premiums Written: $19.8 billion
Market Share: 3.1%

10. Nationwide
Direct Premiums Written: $19.2 billion
Market Share: 3.0%


11. AIG
Direct Premiums Written: $14.0 billion
Market Share: 2.2%

12. Zurich 
Direct Premiums Written: $13.0 billion
Market Share: 2.0%

13. Hartford
Direct Premiums Written: $11.1 billion
Market Share: 1.7%

14. CNA 
Direct Premiums Written: $10.4 billion
Market Share: 1.6%

15. AmTrust Group 
Direct Premiums Written: $10.2 billion
Market Share: 1.6%

16. American Family
Direct Premiums Written: $8.3 billion
Market Share: 1.3%

17. Auto Owners Group
Direct Premiums Written: $7.1 billion
Market Share: 1.1%

18. Erie Insurance
Direct Premiums Written: $6.6 billion
Market Share: 1.0%

19. Tokio Marine
Direct Premiums Written: $6.6 billion
Market Share: 1.0%

20. American Financial 
Direct Premiums Written: $5.9 billion
Market Share: 0.9%

21. W.R. Berkley
Direct Premiums Written: $5.7 billion
Market Share: 0.9%

22. Assurant 
Direct Premiums Written: $5.6 billion
Market Share: 0.9%

23. Fairfax Financial Holdings 
Direct Premiums Written: $5.4 billion
Market Share: 0.8%

24. Cincinnati Financial
Direct Premiums Written: $4.7 billion
Market Share: 0.7%

25. Markel Corporation 
Direct Premiums Written: $4.4 billion
Market Share: 0.7%

As indicated by the Insurance Information Institute, US protection industry net premiums composed totaled $1.2 trillion of every 2017, with premiums recorded by life/wellbeing safety net providers representing 52%, and premiums by property/loss back up plans representing 48%.

NAIC information states there were 5,977 insurance agencies in 2016 in the US (counting regions), including P/C (2,538), life/annuities (872), wellbeing (858), brotherly (85), title (55), chance maintenance gatherings (247) and different organizations (1,314).

The US protection industry utilized 2.6 million individuals in 2016, as indicated by the US Department of Labor. Of those, 1.5 million worked for insurance agencies, including life and wellbeing back up plans (811,900 specialists), P/C safety net providers (648,200 laborers) and reinsurers (25,000 specialists). The staying 1.1 million individuals worked for protection offices, intermediaries and other protection related endeavors.

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