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The National Association of Insurance Commissioners has issued its annual Market Share Knowledge Reviews for each the Property & Casualty Insurance coverage Market, in addition to for the Life & Fraternal Insurance coverage Market. As in previous iterations, the information supplied right here displays a compiled listing of market share information based mostly upon filings of countrywide premium submitted to the NAIC from Property & Casualty insurers as reported on the State Web page of the NAIC’s annual assertion for insurers.
As soon as collected, the information is then compiled and included in varied reviews on cumulative market share information for the seven main strains of insurance coverage in america: All strains; Personal Passenger Private Auto; Business Auto; Employees’ Compensation; Medical Skilled Legal responsibility; Owners’ Multi-Peril; and Different Legal responsibility (excluding auto legal responsibility).
Key takeaways from this 12 months’s Different Legal responsibility Insurers Checklist
With 98.01% of Property and Casualty insurance coverage corporations reporting to date, the NAIC reviews that business totals for Direct Premiums Written for all strains of enterprise is roughly $960,802,932,48 and for Direct Premiums Earned $920,418,549,112.
Turning to the Different Legal responsibility insurance coverage market, the Business Whole quantity of Direct Premium Written by the highest 25 P&C insurers totalled $120,973,970,220. As for the highest 25 Insurers’ market share, their whole share represents roughly a 70.19% share of the entire market.
As for the highest 10 insurers inside this cohort, they’d a mixed whole of Direct Written Premiums of $51,786,939,967 representing a Cumulative Market Share of 42.81%. As for New England insurer illustration on this listing, three of the highest 25 insurers hail from our area: Vacationers, Liberty Mutual and The Hartford.
The Prime 25 P&C Insurers by Countrywide Premium – Different Legal responsibility
Please word the next information is up to date on a weekly foundation by the NAIC by way of the month of March. The up to date information right here displays the newest information as of March 18, 2024, reflecting an estimated 98.01% of Property/Casualty filings.
| RANK | GROUP/COMPANY NAME | DIRECT WRITTEN PREMIUMS | DIRECT PREMIUMS EARNED |
DIRECT LOSS TO EP RATIO |
MARKET SHARE % |
CUMULATIVE MARKET SHARE % |
|
|---|---|---|---|---|---|---|---|
 |
1. | CHUBB LTD GRP | 9,244,772,096 | 9,099,724,813 | 63.57 | 7.64 | 7.64 |
 |
2. | TRAVELERS GRP | 5,579,146,903 | 5,419,756,095 | 69.31 | 4.61 | 12.25 |
 |
3. | BERKSHIRE HATHAWAY GRP | 5,511,906,880 | 5,732,521,537 | 54.14 | 4.56 | 16.81 |
 |
4. | LIBERTY MUT GRP | 5,032,213,422 | 5,146,328,624 | 69.50 | 4.16 | 20.97 |
 |
5. | FAIRFAX FIN GRP | 4,895,317,437 | 4,890,501,859 | 60.71 | 4.05 | 25.02 |
 |
6. | WR BERKLEY CORP GRP | 4,842,327,090 | 4,589,796,723 | 54.69 | 4.00 | 29.02 |
 |
7. | AXA INS GRP | 4,361,616,761 | 4,469,113,795 | 60.05 | 3.61 | 32.62 |
 |
8. | AMERICAN INTL GRP | 4,200,830,886 | 4,341,629,204 | 57.04 | 3.47 | 36.10 |
 |
9. | CNA INS GRP | 4,124,234,871 | 4,071,667,268 | 54.38 | 3.41 | 39.51 |
 |
10. | MARKEL CORP GRP | 3,994,573,621 | 3,890,061,543 | 67.92 | 3.30 | 42.81 |
 |
11. | HARTFORD FIRE & CAS GRP | 3,347,414,392 | 3,252,414,743 | 54.03 | 2.77 | 45.58 |
 |
12. | ZURICH INS GRP | 3,308,447,714 | 3,249,672,494 | 82.86 | 2.73 | 48.31 |
 |
13. | NATIONWIDE CORP GRP | 2,929,808,639 | 3,051,196,867 | 60.46 | 2.42 | 50.73 |
 |
14. | AMERICAN FINANCIAL GRP | 2,557,153,930 | 2,528,469,052 | 52.20 | 2.11 | 52.85 |
 |
15. | TOKIO MARINE HOLDINGS INC GRP | 2,504,451,977 | 2,540,701,243 | 64.57 | 2.07 | 54.92 |
 |
16. | SOMPO GRP | 2,241,849,890 | 2,231,015,418 | 75.18 | 1.85 | 56.77 |
 |
17. | STARR GRP | 2,057,729,807 | 1,985,924,723 | 102.67 | 1.70 | 58.47 |
 |
18. | ARCH INS GRP | 2,020,583,897 | 1,982,619,954 | 50.11 | 1.67 | 60.14 |
 |
19. | EVEREST REINS HOLDINGS GRP | 1,974,590,322 | 1,959,334,739 | 58.90 | 1.63 | 61.77 |
 |
20. | ASSURANT INC GRP | 1,967,545,562 | 1,975,382,747 | 64.87 | 1.63 | 63.40 |
 |
21. | AXIS CAPITAL GRP | 1,939,409,011 | 1,904,652,518 | 75.63 | 1.60 | 65.00 |
 |
22. | CINCINNATI FIN GRP | 1,753,380,531 | 1,726,693,354 | 52.44 | 1.45 | 66.45 |
 |
23. | ALLIANZ INS GRP | 1,742,115,213 | 1,668,113,539 | 88.39 | 1.44 | 67.89 |
 |
24. | SELECTIVE INS GRP | 1,397,904,992 | 1,314,186,258 | 50.22 | 1.16 | 69.05 |
 |
25. | STATE FARM GRP | 1,378,383,113 | 1,310,091,091 | 146.18 | 1.14 | 70.19 |
| INDUSTRY TOTALS | 120,973,970,220 | 118,634,023,318 | 62.84 | 100.00 | 100.00 |
Hyperlinks to our 2024 NAIC Market Share Reviews
For these focused on revisiting or evaluating this 12 months’s information with the NAIC Market Share Reviews from final 12 months, hyperlinks to every of these reviews are beneath:
Hyperlinks to our 2023 NAIC Market Share Reviews
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