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NAIC Releases Top 25 P&C Insurers by Direct Written

Source: INN

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Posted on 08 Mar 2013 by Neilson

NAICOn Monday, and updated every day since then this week, the National Association for Insurance Commissioners (NAIC) posted listings of the top insurers in the P&C space, ranked by direct written premiums written and broken down by line of business.

Overall, with all lines taken into account, State Farm holds the top spot by nearly $25 billion, followed by Zurich Insurance Group and Liberty Mutual. State Farm stands out in two individual lines of business: Homeowners Multiple Peril, where they own 20.91 percent of the market share, and Private Passenger Auto, with a market share of 18.86 percent and double the next closest insurer, Berkshire Hathaway, in terms of premium ($32.1 billion compared to $16.75 billion).

Liberty Mutual, Travelers, The Hartford, AIG and Zurich are listed as the top five workers comp insurers, respectively; Travelers took the top spot in Commercial Auto followed by Progressive and Liberty Mutual; and AIG nearly doubled the next-closest insurers (Travelers and Zurich) in terms of market share in Liability lines.

Below is the full list of the top 25 property/casualty insurers when all lines are taken into account, their respective total market shares as a percent and direct written premiums in billions:

State Farm: 10.42% $53.7
Zurich Insurance
Group: 5.59% $28.8
Liberty Mutual: 5.5% $28.3
AIG: 4.58% $23.6
Travelers Group: 4.41% $22.7
Allstate: 4.28% $22.0
Hathaway: 3.93% $20.2
Nationwide: 3.3% $17.0
Progressive: 3.22% $16.6
USAA: 2.58% $13.3
The Hartford: 2.08% $10.7
Chubb: 1.88% $9.7
ACE: 1.79% $9.2
CNA: 1.65% $8.5
American Family: 1.11% $5.7
QBE: 1.08% $5.6
Allianz: 1.05% $5.4
Auto Owners: 1.02% $5.2
Erie: 0.90% $4.6
Assurant: 0.83% $4.3
R Berkley: 0.78% $4.03
American Financial: 0.78% $4.02
The Hanover: 0.73% $3.8
Cincinnati Financial Grp: 0.71% $3.7
FM Global: 0.69% $3.5


Mike Danford  Mar 12 2013 7:16AM Report Abuse
Re: Scott According to JD Power & Associates, for the past 5 years Auto-0wners Insurance (#18 on the list) has been the industry leader for Auto Claims experience :)
Omowunmi Agunbiade  Mar 11 2013 4:07PM Report Abuse
I quite agree with Two of the previous comments. The list looks good but what are the consumers saying?
Scott  Mar 9 2013 2:06PM Report Abuse
Interesting to see. Good perspective on premium books. I challenge, (just for fun) to compose a list of top consumer choice companies. Claims and service metrics. Watch that list surprise.
Anthony Gambardella  Mar 9 2013 7:22AM Report Abuse
Not surprising to see State Farm as #1. Always had their act together. Good to se Nationwide still in top 10.
Jim Canty  Mar 8 2013 10:37AM Report Abuse
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