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 eight rankings, despite his 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 USA
By written direct premiums and market share, the 10 largest property/victim insurance categories are:
Direct Premiums Written: $65.8 billion
Market Share: 9.3%
Direct Premiums Written: $46.1 billion
Market Share: 6.6%
Direct Premiums Written: $39.72 billion
Market Share: 5.6%
Direct Premiums Written: $35.6 billion
Market Share: 5.01%
Direct Premiums Written: $35.02billion
Market Share: 5 %
Direct Written Premiums: $28 billion
Market Share: 3.3%
Direct Written Premiums: $23.4 billion
Market Share: 3.32%
8. Chubb Ltd.
Direct Written Premiums: $23.3 billion
Market Share: 3.30%
Direct Written Premiums: $20.6 billion
Market Share: 2.92%
Direct Written Premiums: $18.4 billion
Market Share: 2.60%