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Rankings

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 Global Insurance Companies By Revenues, 2023 (1)

(US$ millions)

Rank Company Revenues  Country Industry
1 Berkshire Hathaway $364,482 United States Property/casualty
2 Ping An Insurance 145,759 China Life/health
3 China Life Insurance 139,616 China Life/health
4 Allianz 113,518 Germany Life/health
5 State Farm Insurance 104,199 United States Property/casualty
6 Life Insurance Corp. of India 103,548 India Life/health
7 AXA 90,406 France Life/health
8 Nippon Life Insurance 83,090 Japan Life/health
9 Japan Post Holdings 82,906 Japan Life/health
10 People's Insurance Co. of China 78,182 China Property/casualty

(1) Based on an analysis of companies in the Global Fortune 500. Includes stock and mutual companies.

Source: Fortune.

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Top 10 Global Insurance Brokers By Revenues, 2023 (1)

(US$ millions)

Rank Company Brokerage revenues Country
1 Marsh & McLennan Cos. Inc.  $22,345 United States
2 Aon PLC 15,275 Ireland
3 Arthur J. Gallagher & Co.  9,705 United States
4 Willis Towers Watson PLC  9,304 United Kingdom
5 Hub International Ltd.  4,264 United States
6 Brown & Brown Inc. 4,199 United States
7 Acrisure LLC 3,887 United States
8 Alliant Insurance Services, Inc. 3,864 United States
9 Lockton Cos. LLC (2) 3,499 United States
10 TIH Insurance Holdings LLC (3) 3,392 United States

(1) Revenue generated by insurance brokerage and related services.
(2) Fiscal year ending April 30.
(3) Formerly Truist Insurance Holdings Inc.

Source: Business Insurance (www.businessinsurance.com), July/August 2024.

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Top Five Global Reinsurance Brokers By Reinsurance Brokerage and Related Services Revenues, 2022 (1))

(US$ millions)

Rank Company Gross reinsurance revenues Country
1 Aon's Reinsurance Solutions $2,190.0 United Kingdom
2 Guy Carpenter & Co. LLC  2,020.0 United States
3 Gallagher Re  896.9 United States
4 Howden Tiger (2) 400.0 United Kingdom/United States
5 Miller Insurance Services LLP 247.4 United Kingdom

(1) Includes all reinsurance revenue reported through holding and/or subsidiary companies.
(2) Formerly Howden Re and TigerRisk Partners LLC

Source: Business Insurance (www.businessinsurance.com), October 2023.

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Top 10 U.S.-Based Surplus Lines Insurance Companies By Nonadmitted Direct Premiums Written, 2016 (1)

Rank Company Parent Nonadmitted direct written premiums
1 Lexington Insurance Co. American International Group lnc. $3,072,090,784
2 Nationwide Mutual Insurance Co. (2) Nationwide Mutual Insurance Co. 1,677,321,986
3 Chubb LTD. (3) Chubb LTD. 1,486,045,491
4 (AEGIS) Associated Electric & Gas Ins. Services Inc. AEGIS 1,236,475,000
5 Markel Corp. Markel Corp. 1,234,126,766
6 Liberty Mutual Holding Co. Inc. (4) Liberty Mutual Insurance 1,206,000,000
7 Steadfast Insurance Co. Zurich Insurance Group Ltd. 1,075,923,941
8 Indian Harbor Insurance Co. XL Group P.L.C. 928,755,594
9 National Fire & Marine Insurance Co. Berkshire Hathaway Reinsurance Group 901,676,070
10 AIG Specialty Insurance Co. American International Group lnc. 724,617,049

(1) Excludes Lloyd's of London syndicates.
(2) Formerly Scottsdale Insurance Company and Western Heritage Insurance Company.
(3) Includes Westchester Surplus Lines Insurance Co., Illinois Union Insurance Co., Chubb Custom Insurance Co. and Executive Risk Specialty Insurance Co.
(4) Acquired Ironshore Specialty Insurance Co.

Source: Business Insurance (www.businessinsurance.com), September 2017.

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