A look at the latest data from the NAIC
As it does every March, the National Association of Insurance Commissioners (NAIC) has released its annual market share report of the top insurers within various lines of insurance within the Property & Casualty Sphere.
The list is based on filings to the N.A.I.C. and represents the top 25 groups and companies based upon data reported on the State Page of the NAIC’s annual statement for insurers.
Since Agency Checklists has taken a look at the most recent data from the Commonwealth Automobile Reinsurers with respect to the top insurers within both the Private Passenger and Commercial Auto insurance marketplaces, we thought it would be of interest to our readers to see what are the top 25 commercial automobile insurers in the U.S. vis-a-vis the top insurers in Massachusetts.
The Top 25 Private Passenger Auto Insurance Companies
In 2017, Total Direct Premiums written for this line of insurance was $225,138,086,723 dollars whereas Total Direct Premiums earned was $219,909,843,963 dollars.
|
Rank |
Company Name |
Direct Premium Written |
Direct Premium Earned |
Market Share |
Cumulative Market Share |
| 1. | State Farm | 41,817,390,694 | 41,221,905,709 | 18.57% | 18.57% |
| 2. | Berkshire Hathaway | 25,253,895,691 | 24,386,463,311 | 11.22% | 29.79% |
| 3. | Progressive | 22,786,033,956 | 21,804,026,980 | 10.12% | 39.91% |
| 4. | Allstate | 21,430,404,888 | 21,280,567,462 | 9.52% | 49.93% |
| 5. | USAA | 13,154,938,670 | 12,756,963,777 | 5.84% | 55.27% |
| 6. | Liberty Mutual | 11,585,976,146 | 11,256,538,406 | 5.15% | 60.42% |
| 7. | Farmers | 10,364,451,310 | 10,364,093,355 | 4.60% | 65.02% |
| 8. | Nationwide | 7,341,475,622 | 7,459,214,011 | 3.26% | 68.26% |
| 9. | Travelers | 4,396,704,753 | 4,176,761,675 | 1.95% | 70.24% |
| 10. | American Family | 4,381,962,369 | 4,249,169,623 | 1.95% | 72.18% |
| 11. | Auto Club Enterprises | 3,111,846,106 | 2,931,451,437 | 1.38% | 73.57% |
| 12. | Erie Insurance | 2,977,421,229 | 2,852,670,085 | 1.32% | 74.89% |
| 13. | Amtrust | 2,905,540,433 | 2,716,339,687 | 1.29% | 76.18% |
| 14. | CSAA | 2,806,072,200 | 2,668,016,447 | 1.25% | 77.43% |
| 15. | Auto-Owners | 2,517,760,950 | 2,326,280,443 | 1.12% | 78.54% |
| 16. | Mercury Gen | 2,453,385,796 | 2,448,233,888 | 1.09% | 79.63% |
| 17. | Metropolitan | 2,404,561,431 | 2,363,602,189 | 1.07% | 80.70% |
| 18. | The Hartford | 2,309,961,296 | 2,386,136,556 | 1.03% | 81.73% |
| 19. | Auto Club MI | 1,771,554,444 | 1,745,541,280 | 0.79 | 82.51% |
| 20. | Mapfre | 1,681,853,561 | 1,674,442,449 | 0.75% | 83.26% |
| 21. | Kemper | 1,399,814,856 | 1,361,472,020 | 0.62% | 83.88% |
| 22. | Amica | 1,319,591,324 | 1,269,641,387 | 0.59% | 84.47% |
| 23. | Infinity P&C | 1,233,886,708 | 1,230,532,899 | 0.55% | 85.02% |
| 24. | Country Ins. & Fin Serv. | 1,109,436,992 | 1,091,501,800 | 0.49% | 85.51 |
| 25. | The Hanover | 1,106,998,708 | 1,054,327,689 | 0.49% | 86.00% |
The Top 25 Commercial Auto Insurance Companies
Total Direct Premiums written for this line of insurance was $35,545,869,970 dollars last year, whereas Total Direct Premiums earned was $34,271,779,922 dollars. The following is the NAIC’s list of the top 25 insurers:
|
Rank |
Company Name |
Direct Premium Written |
Direct Premium Earned |
Market Share |
Cumulative Market Share |
| 1. | Progressive | 3,178,656,261 | 2,852,682,569 | 8.94% | 8.94% |
| 2. | Travelers | 2,263,886,142 | 2,198,083,872 | 6.37% | 15.31% |
| 3. | Liberty Mutual | 1,733,726,274 | 1,682,568,716 | 4.88% | 20.19% |
| 4. | Zurich | 1,689,999,611 | 1,656,217,588 | 4.75% | 24.94% |
| 5. | Nationwide | 1,678,785,320 | 1,715,586,626 | 4.72% | 29.67% |
| 6. | Old Republic | 1,278,020,057 | 1,221,536,937 | 3.60% | 33.26% |
| 7. | Berkshire Hathaway | 1,184,554,326 | 1,067,617,356 | 3.33% | 36.59% |
| 8. | Amtrust | 1,033,617,610 | 971,980,701 | 2.91% | 39.50% |
| 9. | Auto-Owners | 858,647,078 | 801,823,543 | 2.42% | 41.92% |
| 10. | Chubb | 826,406,023 | 802,842,294 | 2.32% | 44.24% |
| 11. | Tokio Marine | 718,761,730 | 718,761,730 | 2.02% | 46.26% |
| 12. | AIG | 662,051,893 | 749,701,130 | 1.86% | 48.13% |
| 13. | Cincinnati Fin | 654,011,982 | 636,541,860 | 1.84% | 49.97% |
| 14. | American Fin | 600,254,946 | 569,545,527 | 1.69% | 51.66% |
| 15. | State Farm | 589,105,174 | 565,902,428 | 1.66 | 53.31 |
| 16. | The Hartford | 562,272,617 | 582,049,232 | 1.58% | 54.89% |
| 17. | WR Berkley | 548,698,692 | 529,668,851 | 1.54% | 56.44% |
| 18. | Erie Insurance | 514,731,811 | 497,187,841 | 1.45% | 57.89% |
| 19. | Markel | 496,501,793 | 475,961,252 | 1.40% | 59.28% |
| 20. | Selective | 486,963,172 | 462,248,554 | 1.37% | 60.65% |
| 21. | Sentry | 438,095,837 | 424,620,066 | 1.23% | 61.89% |
| 22. | Fairfax Fin | 432,119,979 | 385,011,811 | 1.22% | 63.10% |
| 23. | EMC Ins. | 420,512,853 | 401,404,006 | 1.18% | 64.28% |
| 24. | Allstate | 373,142,792 | 376,298,639 | 1.05% | 65.33% |
| 25. | CNA | 372,198,470 | 354,212,012 | 1.05% | 66.38% |
