NAIC 2022 Market Share Report | Top U.S. Private Passenger Auto Insurers

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 here 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: All Lines; Private Passenger Personal Auto; Commercial Auto; Workers’ Compensation; Medical Professional Liability; Homeowners’ Multi-Peril, and Other Liability (excluding auto liability).

Market Share by Line of Business

A chart ranking the seven major lines of insurance by market share from data collected by the NAIC. The following is the total Direct Written Premium for each of these lines as of March 28, 2022.

The Private Passenger Auto Insurance Marketplace is the largest line of insurance

With approximately 98.96% of all filings having been submitted to the NAIC as of March 28, 2022, the total amount of Direct Written Premium for the U.S. insurance industry, All Lines, was $794,346,766,779.

• Sitting atop the seven major lines of insurance featured in the NAIC Market Share Report is the Private Passenger Auto insurance marketplace, with a total amount of Direct Written Premiums last year of $260,855,445,840.
• Total Direct Premiums Earned was $257,731,166,520.
• Both totals saw an increase from the previous year numbers which were $249,495,199,569 and $250,028,700,042, respectively.
• Based on these figures, the U.S. Private Passenger insurance marketplace ranks as the largest line of insurance in the U.S.
• In terms of market share, the top 25 insurers dominate the private passenger auto insurance marketplace with a cumulative market share of 88.74%.
• There are currently three Massachusetts-based insurers on the top 25 U.S. auto insurers list: Liberty Mutual (6), The Hanover (19), and MAPFRE (20).
• The Top 10 insurers dominate this marketplace with a 76.48% cumulative market share.
• The top three largest auto insurers, State Farm, Berkshire Hathaway, and Progressive, have just under half of the total market with a combined market share of 44.06%

The Top 25 Private Passenger Auto Insurers in the U.S.

	RANK		COMPANY NAME	DIRECT PREMIUMS WRITTEN ($)	DIRECT PREMIUMS EARNED ($)	DIRECT LOSS TO EP RATIO	MARKET SHARE (%)	CUMULATIVE MARKET SHARE (%)
	1.		State Farm Group	41,665,754,230	40,762,346,529	72.19	15.98	15.98
	2.		Berkshire Hathaway Group	37,422,557,592	36,702,802,445	75.02	14.35	30.33
	3.		Progressive Group	35,852,921,113	35,095,518,997	66.97	13.75	44.08
	4.		Allstate Ins. Group	27,221,928,278	27,114,004,76	67.26	10.44	54.51
	5.		USAA Group	15,731,646,068	15,750,713,106	73.57	6.03	60.55
	6.		Liberty Mutual Group	12,774,289,952	12,416,811,095	60.83	4.90	65.45
	7.		Farmers Ins. Group	12,441,182,108	12,430,956,009	61.12	4.77	70.22
	8.		Nationwide Corp. Group	5,565,737,353	5,616,771,081	63.00	2.13	72.35
	9.		American Family Ins. Group	5,488,676,661	5,468,412,243	61.16	2.10	74.46
	10.		Travelers Group	5,328,114,931	5,205,239,858	60.66	2.04	76.50
	11.		Kemper Corp. Group	4,084,493,187	4,014,527,643	77.33	1.57	78.06
	12.		Auto Club Enterprises Ins. Group	3,724,620,422	3,689,427,876	63.55	1.43	79.49
	13.		Erie Ins. Group	3,384,615,752	3,382,484,875	68.77	1.30	80.79
	14.		Auto Owners Group	3,328,108,487	3,315,667,440	62.66	1.28	82.07
	15.		CSAA Ins. Group	2,905,119,316	2,905,875,533	56.59	1.11	83.18
	16.		Mercury Gen. Group	2,613,420,137	2,589,120,170	58.78	1.00	84.18
	17.		Hartford Fire & Cas. Group	1,864,696,499	1,891,067,244	56.64	0.72	84.90
	18.		Automobile Club MI Group	1,798,242,315	1,833,791,225	64.85	0.69	85.59
	19.		The Hanover Ins. Group	1,264,350,218	1,233,573,842	49.46	0.48	86.07
	20.		MAPFRE Ins. Group	1,258,058,268	1,298,520,893	59.60	0.48	86.56
	21.		Sentry Ins. Group	1,235,209,587	1,203,392,940	58.35	0.47	87.03
	22.		Country Ins. & Fin. Serv. Group	1,209,560,632	1,214,326,950	65.74	0.46	87.49
	23.		Amica Mutual Group	1,173,901,381	1,275,751,572	59.22	0.45	87.94
	24.		New Jersey Manufacturers Group	1,070,343,924	1,082,552,986	70.29	0.41	88.35
	25.		Southern Farm Bureau Cas. Group	1,070,294,201	1,068,802,167	79.89	0.41	88.76
			INDUSTRY TOTALS	260,779,893,088	257,660,063,509	68.01	100.00	100.00

Links to our 2022 NAIC Market Share Reports

• NAIC 2022 Market Share Report | The Top 25 U.S. P&C Insurers – All Lines
• NAIC 2022 Market Share Report | The Top 25 U.S. Homeowners’ Multiple Peril Insurers
• NAIC 2022 Market Share Report | The Top 25 U.S. Workers Compensation Insurers
• NAIC 2022 Market Share Report | The Top 25 U.S. Other Liability Insurers

Links to our 2021 NAIC Market Share Reports

• NAIC 2021 Market Share Report | The Top 25 U.S. Homeowners Insurers
• NAIC 2021 Market Share Report | The Top 25 U.S. Insurers – All Lines
• NAIC 2021 Market Share Report | The Top 25 U.S. Auto Insurers
• NAIC 2021 Market Share Report | The Top 25 U.S. Commercial Auto Insurers
• NAIC 2021 Market Share Report | The Top 25 U.S. Other Liability Insurers
• NAIC 2021 Market Share Report | The Top 25 U.S. Workers Comp Insurers

Links to our 2020 NAIC Market Share Reports:

• NAIC 2020 Market Share Report: The Top 25 Insurers in the United States – All Lines
• NAIC 2020 Market Share Report: The Top 25 Auto Insurers in the United States
• NAIC 2020 Market Share Report: The Top 25 Homeowners Multi-Peril Insurers
• NAIC 2020 Market Share Report: The Top 25 Workers’ Compensation Insurers
• NAIC 2020 Market Share Report: The Top 25 Commercial Auto Insurers
• NAIC 2020 Market Share Report: The Top 25 Other Liability Insurers