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You are here: Home / Insurance Industry Information | Massachusetts / Market Share | Reports / NAIC Market Share Reports | 2020 / NAIC 2020 Market Share Report: The Top 25 Other Liability Insurers

NAIC 2020 Market Share Report: The Top 25 Other Liability Insurers

March 30, 2020 by Agency Checklists


The National Association of Insurance Commissioners has issued its annual Market Share Data Reports for both the Property & Casualty Insurance Marketplace as well as for the Life & Fraternal Insurance Marketplace. As in the past, the data offered by the NAIC reflects a compiled list of market share data based upon filings of countrywide premium submitted to the NAIC from Property & Casualty insurers as reported on the State Page of the NAIC’s annual statement for insurers.

The data is then compiled and included in various reports on cumulative market share data for the seven major lines of insurance in the United States: personal auto, commercial auto, workers’ compensation, medical professional liability, homeowners, and other liability (excluding auto liability) insurance.

The state of the P&C insurance marketplace in the U.S.

As of March 2020, with approximately 84.62% of Property & Casualty insurers having reported, the Direct Premiums Written for all lines of business is $623,639,809,558.

Of that, private passenger auto insurance continues to have the largest amount of direct premiums written with $222,554,185,066, representing approximately 36% of all reported written premiums. As for the top 10 Property & Casualty insurers, based on the data provided, their cumulative market share is approximately 49.03% of the total P&C marketplace.

Items worth noting from this year’s Market Share Report

Turning to the Other Liability insurance marketplace, the top 10 insurers in this line of business have a combined market share of 45.07%. The top-ranked insurer is Chubb Ltd. Group with an 8.69% share of the market. The only Massachusetts-based insurer to make this list is again Liberty Mutual, which ranks as the fifth-largest insurer with a 4.35% market share.


The Top 25 Other Liability Insurers

RANKCOMPANY NAMEDIRECT PREMIUMS WRITTENDIRECT PREMIUMS EARNEDMARKET SHARE %
Agency Checklists, MA Insurance News, Mass. Insurance News, Chubb, Mass. insurance companies1.Chubb Ltd. Group 6,992,401,000 6,728,101,838 8.69
Top US P&C Insurers All Lines in 20202.AIG 4,096,180,363 4,211,371,663 5.09
Insurance News Massachusetts and US Market Share3.Assurant Inc. Group 4,032,991,194 3,751,690,439 5.01
Insurance News Massachusetts and US Market Share4.Travelers Group 3,912,180,304 3,734,495,052 4.86
Top Insurer in the US, Insurance News Massachusetts and US Market Share5.Liberty Mutual Group 3,501,902,751 3,216,555,669 4.35
Top Insurer in the US, Insurance News Massachusetts and US Market Share6.AXA Ins. Group 2,933,824,825 2,737,379,667 3.65
Top Insurer in the US, Insurance News Massachusetts and US Market Share7.CNA Ins. Group 2,826,155,601 2,679,497,336 3.51
Top Insurer in the US, Insurance News Massachusetts and US Market Share8.WR Berkley Corp. Group 2,768,726,236 2,609,774,431 3.44
Top Insurer in the US, Insurance News Massachusetts and US Market Share9.Fairfax Fin Group 2,749,730,459 2,499,235,036 3.42
Top Insurer in the US, Insurance News Massachusetts and US Market Share10.Zurich Ins Group 2,465,469,576 2,464,791,215 3.06
Top Insurer in the US, Insurance News Massachusetts and US Market Share11.Berkshire Hathaway Group 2,446,624,842 2,252,303,153 3.04
Agency Checklists, MA Insurance News, Mass. Insurance News12.Nationwide Corp. Group 2,275,670,399 2,165,564,82 2.83
Agency Checklists, MA Insurance News, Mass. Insurance News, The Hartford, Hartford Insurance News13.Hartford Fire & Cas. Group 2,255,352,154 2,099,385,350 2.80
Top Insurer in the US, Insurance News Massachusetts and US Market Share14.Markel Corp. Group 2,230,405,610 2,027,172,892 2.77
Agency Checklists, MA Insurance Gorup, Mass. Insurance Group, Tokio Marine, Tokio Marine Massachusetts15.Tokio Marine Holdings Inc. Group 1,832,227,887 1,788,662,278 2.28
Top Insurer in the US, Insurance News Massachusetts and US Market Share16.American Financial Group 1,695,553,520 1,576,387,593 2.11
TOP US P&C Insurers List on Agency Checklists17.Allianz Ins. Group 1,348,095,469 1,232,667,048 1.67
18.Axis Capital Group 1,219,747,620 1,120,315,828 1.52
Agency Checklists list of top 25 insurers other liability in US19.Sompo Group 1,198,311,626 1,098,486,003 1.49
Top Insurers in the United States20.Starr Group 1,171,639,970 1,034,531,430 1.46
Agency Checklists, MA Insurance News, Mass. Insurance News21.Cincinnati Financial Group 1,150,999,520 1,095,349,679 1.43
Top Insurers in the United States22.Arch Ins. Group 992,743,254 959,983,842 1.23
23.State Farm Group 978,996,877 947,286,887 1.22
Top Insurers in the United States24.Everest Reins Holding Group 924,112,303 843,771,487 1.15
Top Insurers in the United States25.Selective Ins. Group 875,020,674 848,481,564 1.09
INDUSTRY TOTAL $80,488,054,521 $75,859,317,759 100%

Links to our other NAIC 2020 Market Share Reports:

  • NAIC 2020 Market Share Report: The Top 25 P&C Insurers – All Lines
  • NAIC 2020 Market Share Report: The Top 25 Homeowners Multi-Peril Insurers
  • NAIC 2020 Market Share Report: The Top 25 Workers’ Compensation Insurers

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Filed Under: NAIC Market Share Reports | 2020 Tagged With: Agency Checklists, Agency Checklists' Market Share Reports, insurance in Massachusetts, massachusetts insurance news, New England insurance companies, Who are the best insurance companies in Massachusetts?, Who are the largest insurance companies in Massachusetts, Who are the largest insurers in the US?

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