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You are here: Home / Insurance Industry Information | Massachusetts / Market Share | Reports / NAIC 2019 Market Share Report: The Top 25 Commercial Auto Insurance Companies In The U.S.

NAIC 2019 Market Share Report: The Top 25 Commercial Auto Insurance Companies In The U.S.

April 2, 2019 by AC Editor

Largest Insurers in the United StatesLiberty Mutual is the third largest Commercial Auto Insurer in the nation

As it does every March, the National Association of Insurance Commissioners has released its annual market share report of seven of the largest insurance liens in the United States. For this article, Agency Checklists takes a look at the top 25 Workers’ Compensation Insurers nationwide. The list is based on 2018 filings to the N.A.I.C. and represents the largest auto insurers in the land based upon data reported on the State Page of the NAIC’s annual statement for insurers.

Take-aways from this year’s list

  • The total Direct Premiums Written for this line of insurance in was $40,472,305,050 in 2018.
  • The total amount of Direct Premiums Earned for this line was $38,607,259,430 in 2018.
  • Progressive is the largest commercial auto writer in the U.S. with a 10.88% market share.
  • The only Massachusetts-based Commercial Auto Insurance company to make the list is Liberty Mutual, which ranks third.

The 2018 list of the top 25 Private Passenger Auto Insurance Companies in the US

Rank

Company Name

Direct Premium Written

Direct Premium Earned

Market Share

Cumulative Market Share

1. Insurance News Massachusetts and US Market ShareProgressive Group
$4,405,316,043  $3,946,585,884 10.88% 10.88%
2. Insurance News Massachusetts and US Market Share

Travelers Group

$2,564,685,301 $2,436,338,859 6.34% 17.22%
3. Top Insurer in the US, Insurance News Massachusetts and US Market Share

Liberty Mutual Group

$1,798,486,831 $1,780,575,668 4.44 % 21.67%
4. Insurance News Massachusetts and US Market Share

Nationwide Corp. Group

$1,634,229,901 $ 1,646,188,081  4.04 % 25.70%
5. Top Insurer in the US, Insurance News Massachusetts and US Market Share

Berkshire Hathaway Group

$1,514,212,664 $1,350,690,929 3.74 % 29.44%
6. Top Insurers in the United State

Old Republic Group

$1,439,949,279 $1,379,825,571 3.56 % 33.00%
7. Top Insurer in the US, Insurance News Massachusetts and US Market Share

Zurich Ins. Group

$1,372,901,350 $ 1,576,397,006 3.39 % 36.39%
8. Insurance News Massachusetts and US Market Share

Auto Owners Group 

$994,866,201 $929,827,145 2.46 % 38.85%
9. Agency Checklists, MA Insurance Gorup, Mass. Insurance Group, Tokio Marine, Tokio Marine Massachusetts

Tokio Marine Holdings Inc. Group

$761,715,660 $732,139,163  1.88 40.73%
10. Agency Checklists, MA Insurance News, Mass. Insurance News, Chubb, Mass. insurance companies

Chubb Ltd. Group

$ 740,706,404 $712,924,346 1.83 %  42.57%
11. Top Insurer in the US, Insurance News Massachusetts and US Market Share

AmTrust Financial Group

$720,665,472 $737,032,645 1.78 % 44.35%
12. Agency Checklists, MA Insurance News, Mass. Insurance News

Cincinnati Financial Group

684,201,912 $666,628,854 1.69 % 46.04%
13.

Insurance News Massachusetts and US Market Share

State Farm Group

$672,368,565 $646,414,303 1.66 % 47.70%
14. Top Insurer in the US, Insurance News Massachusetts and US Market Share

American Financial Group

$670,366,413 $639,668,571 1.66 % 49.35%
15. Insurance News Massachusetts and US Market Share

American Intl. Group

$642,548,382 $652,550,358 1.59 % 50.94%
16. Top Insurer in the US, Insurance News Massachusetts and US Market Share

WR Berkley Corp. Group

$617,165,117 $583,742,335 1.52% 52.47%
17. Insurance News Massachusetts and US Market ShareAllstate Ins. Group $598,845,577 $594,216,619 1.48% 53.95%
18. Agency Checklists, MA Insurance News, Mass. Insurance News, The Hartford, Hartford Insurance News

Hartford Fire & Cas. Group

$596,502,277 $573,291,515 1.47 % 55.42%
19. Insurance News Massachusetts and US Market Share

Erie Ins. Group

$ 569,262,003 $541,993,023  1.41 % 56.83%
20. Top Insurer in the US, Insurance News Massachusetts and US Market Share

Fairfax Fin. Group

$ 558,639,200 $ 524,698,032 1.38 % 58.21%
21. Top Insurers in the United States

Selective Ins. Group

$ 540,401,079 $514,798,188 1.34 %  59.54%
22. Insurance News Massachusetts and US Market Share

Farmers Ins. Group

$ 516,832,172 $492,385,799 1.28 % 60.82%
23. Top Insurers in the United States

Sentry Ins. Group

$489,161,261 $465,580,698 1.21 % 62.03%
24. Top Insurer in the US, Insurance News Massachusetts and US Market Share

Markel Corp. Group

$ 474,785,972 $ 486,285,216  1.17 % 63.20%
25. Top Insurers in the United States

EMC Ins. Co. Group

$512,190,645 $ 435,727,454 1.11 %  64.31%

Links to our other NAIC 2019 Market Share Reports:

  • The Top 25 Insurers in the United States, All Lines
  • The Top 25 PriVisit Sitevate Passenger Auto Insurance Companies in the United States
  • The Top 25 Homeowners Multi-Peril Insurance Companies in the United States
  • The Top 25 Workers’ Compensation Insurance Companies in the United States
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Filed Under: Market Share | Reports Tagged With: MA Insurer News, mass auto insurance news, massachusetts insurance news

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