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Facts + Statistics: Insurance company rankings

 

Top 10 Writers Of Property/Casualty Insurance By Direct Premiums Written, 2023

($000)

Rank Group/company Direct premiums written (1) Market share (2)
1 State Farm $93,787,274 9.9%
2 Progressive 62,711,707 6.6
3 Berkshire Hathaway Inc. 58,628,800 6.2
4 Allstate Corp. 50,041,693 5.3
5 Liberty Mutual 44,410,968 4.7
6 Travelers Companies Inc. 38,526,321 4.1
7 USAA Insurance Group 31,959,474 3.4
8 Chubb Ltd. 30,903,815 3.3
9 Farmers Insurance Group of Companies 27,220,677 2.9
10 Nationwide Mutual Group 19,752,351 2.1

(1) Before reinsurance transactions, includes state funds.
(2) Based on U.S. total, excluding territories.

Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.

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Top 10 Writers Of Life/Annuity Insurance By Direct Premiums Written, 2023

($000)

Rank Group/company Direct premiums written (1) Market share (2)
1 MetLife Inc. $91,284,133 9.4%
2 Equitable Holdings 84,608,664 8.7
3 Athene Holding Ltd. 47,261,675 4.9
4 Massachusetts Mutual Life Insurance Co. 46,179,680 4.8
5 New York Life Insurance Group 43,461,102 4.5
6 Prudential Financial Inc. 37,900,707 3.9
7 Nationwide 37,566,246 3.9
8 Western & Southern Financial 32,704,002 3.4
9 Corebridge Financial 32,107,669 3.3
10 Great West 27,969,037 2.9

(1) Includes life insurance, annuity considerations, deposit-type contract funds and other considerations; excludes accident and health insurance. Before reinsurance transactions.
(2) Based on U.S. total, excluding territories.

Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.

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Top 10 Writers Of Homeowners Insurance By Direct Premiums Written, 2023

($000)

Rank Group/company Direct premiums written (1) Market share (2)
1 State Farm $27,037,940 17.8%
2 Allstate Corp. 13,551,256 8.9
3 Liberty Mutual 10,476,330 6.9
4 USAA Insurance Group 10,344,681 6.8
5 Farmers Insurance Group of Companies 8,981,110 5.9
6 Travelers Companies Inc. 7,569,914 5.0
7 American Family Insurance Group 7,010,000 4.6
8 Nationwide Mutual Group 4,077,262 2.7
9 Chubb Ltd. 3,888,844 2.6
10 Citizens Property Insurance Corp. 3,208,945 2.1

(1) Before reinsurance transactions, includes state funds.
(2) Based on U.S. total, excluding territories.

Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.

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Top 10 Writers Of Private Passenger Auto Insurance By Direct Premiums Written, 2023

($000)

Rank Group/company Direct premiums written (1) Market share (2)
1 State Farm $57,973,413 18.3%
2 Progressive 48,255,875 15.2
3 Berkshire Hathaway Inc. 38,920,127 12.3
4 Allstate Corp. 32,848,169 10.4
5 USAA Insurance Group 19,806,751 6.2
6 Liberty Mutual 13,312,836 4.2
7 Farmers Insurance Group of Companies 13,221,687 4.2
8 American Family Insurance Group 6,790,423 2.1
9 Travelers Companies Inc. 6,578,946 2.1
10 Nationwide Mutual Group 5,413,758 1.7

(1) Before reinsurance transactions, includes state funds.
(2) Based on U.S. total, excluding territories.

Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.

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Top 10 Writers Of Commercial Auto Insurance By Direct Premiums Written, 2023

($000)

Rank Group/company Direct premiums written (1) Market share (2)
1 Progressive $9,716,927 15.2%
2 Travelers Companies Inc. 3,434,638 5.4
3 Liberty Mutual 2,682,166 4.2
4 Old Republic International Corp. 2,502,027 3.9
5 Zurich Insurance Group 2,093,941 3.3
6 Berkshire Hathaway Inc. 1,945,491 3.1
7 Auto-Owners Insurance Co. 1,815,912 2.9
8 State Farm 1,674,411 2.6
9 W.R. Berkley Corp. 1,362,540 2.1
10 Nationwide Mutual Group 1,241,900 2.0

(1) Before reinsurance transactions, includes state funds.
(2) Based on U.S. total, excluding territories.

Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.

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Top 10 Writers Of Commercial Lines Insurance By Direct Premiums Written, 2023

($000)

Rank Group/company Direct premiums written (1) Market share (2)
1 Chubb Ltd. $25,513,446 5.5%
2 Travelers Companies Inc. 24,126,398 5.2
3 Liberty Mutual 20,191,208 4.3
4 Berkshire Hathaway Inc. 18,434,943 4.0
5 Zurich Insurance Group 18,021,524 3.9
6 American International Group (AIG) 14,102,731 3.0
7 CNA Financial Corp. 12,782,325 2.7
8 Hartford Financial Services 12,738,362 2.7
9 Progressive 11,482,962 2.5
10 Tokio Marine 9,846,421 2.1

(1) Before reinsurance transactions, includes state funds.
(2) Based on U.S. total, excluding territories.

Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.

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Top 10 Writers Of Workers' Compensation Insurance By Direct Premiums Written, 2023

($000)

Rank Group/company Direct premiums written (1) Market share (2)
1 Travelers Companies Inc. $3,866,715 6.9%
2 Hartford Financial Services 3,771,338 6.7
3 AmTrust Financial 3,425,170 6.1
4 Zurich Insurance Group 2,923,371 5.2
5 Chubb Ltd. 2,353,775 4.2
6 Liberty Mutual 2,092,716 3.7
7 Berkshire Hathaway Inc. 2,057,229 3.7
8 Accident Fund Group 1,670,454 3.0
9 Old Republic International Corp. 1,471,605 2.6
10 Great American Insurance Group 1,413,442 2.5

(1) Before reinsurance transactions, includes state funds.
(2) Based on U.S. total, excluding territories. State Insurance Fund Workers' Compensation Fund in New York is not included in the rankings because data for the company has currently not been publicly released.

Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.

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