The Top Ten Workers’ Compensation Companies in Massachusetts
The following is a list of the Top 10 Workers’ Compensation insurance writers in Massachusetts based on each company’s direct written premium and corresponding market share as of December 31, 2013. In total, the Top 10 workers’ compensation insurers wrote $784,772,000 in direct premium in 2013. These same Top 10 writers have a total market share of 76.2%.
#10. W.R. Berkley Insurance Group
2013 Market Share: 2.9% 2013 Direct Premium Written: $30,140,000 2013 Direct Premium Earned: $33,842,000 2013 Direct Losses Paid: $19,024,000 2013 Direct Losses Incurred: $31,776,000 2013 Adjusted Loss Ratio: 94.0#9. ACE INA Group
2013 Market Share: 3.5% 2013 Direct Premium Written: $35,786,000 2013 Direct Premium Earned: $34,431,000 2013 Direct Losses Paid: $22,546,000 2013 Direct Losses Incurred: $39,758,000 2013 Adjusted Loss Ratio: 115.0#8. Berkshire Hathaway
2013 Market Share: 3.8% 2013 Direct Premium Written: $39,037,000 2013 Direct Premium Earned: $38,374,000 2013 Direct Losses Paid: $16,366,000 2013 Direct Losses Incurred: $19,098,000 Adjusted Loss Ratio: 50.2#7. Zurich Financial Services NA
2013 Market Share: 4.2% 2013 Direct Premium Written: $43,096,000 2013 Direct Premium Earned: $42,368,000 2013 Direct Losses Paid: $23,414,000 2013 Direct Losses Incurred: $15,968,000 Adjusted Loss Ratio: 38.0#6. Charter Insurance Group
2013 Market Share: 5.2% 2013 Direct Premium Written: $53,707,000 2013 Direct Premium Earned: $51,339,000 2013 Direct Losses Paid: $19,368,000 2013 Direct Losses Incurred:$21,833,000 Adjusted Loss Ratio: 43.2#5. Hartford Insurance Group
2013 Market Share: 9.1% 2013 Direct Premium Written: $93,792,000 2013 Direct Premium Earned: $91,287,000 2013 Direct Losses Paid: $47,129,000 2013 Direct Losses Incurred: $45,528,000 Adjusted Loss Ratio: 50.1#4. American International Group
2013 Market Share: 9.7% 2013 Direct Premium Written: $99,753,000 2013 Direct Premium Earned: $98,932,000 2013 Direct Losses Paid: $122,987,000 2013 Direct Losses Incurred: $64,530,000 Adjusted Loss Ratio: 65.2#3. Liberty Mutual Insurance Company
2013 Market Share: 10.5% 2013 Direct Premium Written: $108,341,000 2013 Direct Premium Earned: $118,428,000 2013 Direct Losses Paid: $90,432,000 2013 Direct Losses Incurred: $102,458,000 Adjusted Loss Ratio: 86.6#2. A.I.M. Mutual Insurance Company
2013 Market Share: 13.4% 2013 Direct Premium Written: $138,172,000 2013 Direct Premium Earned: $131,993,000 2013 Direct Losses Paid: $62,290,000 2013 Direct Losses Incurred: $78,703,000 Adjusted Loss Ratio: 59.8#1. Travelers Group
2013 Market Share: 13.9% 2013 Direct Premium Written: $142,948,000 2013 Direct Premium Earned: $131,690,000 2013 Direct Losses Paid: $75,165,000 2013 Direct Losses Incurred: $78,825,000 Adjusted Loss Ratio: 60.1
