According to the latest data from the National Association of Insurance Commissioners (NAIC), the country’s top 10 insurance undertakings claim almost two-thirds of the overall market and in 2019 it received more than $708 billion in premiums.
State Farm Group again represents 9,27% of the U.S. market and has written $65,6 billion of direct premiums – almost $20 milliards more than its closest rival, Berkshire Hathaway ($46,1 milliards) behind GEICO.
Liberty Mutual, Allstate, and Progressive have moved their market share to 5.54 percent in 2017, though Progressive is leading the trio.
Chubb fell from the seven to the eighth rankings, despite its written premiums rising from 21.2 billion dollars in 2017 to 23.3 billion dollars in 2019. The company moved to the USAA Insurance Group, which increased its direct premiums from $20.1 billion in 2017 to $23.4 billion in 2019 to 0.22%.
Top 10 Property and Casualty Insurance Companies in the USA
By written direct premiums and market share, the 10 largest property/victim insurance categories are:
1. State Farm Mutual Automobile Insurance
Direct Premiums Written: $65.8 billion
Market Share: 9.3%
2. Berkshire Hathaway Inc.
Direct Premiums Written: $46.1 billion
Market Share: 6.6%
3. Progressive Corp.
Direct Premiums Written: $39.72 billion
Market Share: 5.6%
4. Liberty Mutual
Direct Premiums Written: $35.6 billion
Market Share: 5.01%
5. Allstate Corp.
Direct Premiums Written: $35.02billion
Market Share: 5 %
6. Travelers Companies Inc.
Direct Written Premiums: $28 billion
Market Share: 3.3%
7. USAA Insurance Group
Direct Written Premiums: $23.4 billion
Market Share: 3.32%
8. Chubb Ltd.
Direct Written Premiums: $23.3 billion
Market Share: 3.30%
9. Farmers Insurance Group of Companies
Direct Written Premiums: $20.6 billion
Market Share: 2.92%
10. Nationwide Mutual Group
Direct Written Premiums: $18.4 billion
Market Share: 2.60%
