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You are here: Home / Latest News / Top 25 U.S. P&C Insurers | NAIC 2023 Market Share Report

Top 25 U.S. P&C Insurers | NAIC 2023 Market Share Report

March 14, 2023 by AC Editor


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).

Property & Casualty Market Share by Line of Business as of March 20, 2023

NAIC Data as of March 27 2023 Chart by Agency Checklists

Key Points from This Year’s Report:

  • With 65.62% of property and casualty insurance companies reporting so far, direct premiums written for all lines of business are $618,692,985,615.
  • The Top 10 property and casualty companies reporting so far have a cumulative market share of 52.11%.
  • Total private passenger auto insurance has the largest amount of direct premiums written reported as of March 1, 2023, at $178,365,401,539, which is about 29% of all written premiums.

The Top 25 P&C Insurers by Countrywide Premium – All Lines

Please note the following data is updated on a weekly basis by the NAIC through the month of March. The updated data here reflects the latest data as of March 13, 2023, reflecting an estimated 97.27% of Property/Casualty filings.

RANKCOMPANY NAMEDIRECT PREMIUMS WRITTENDIRECT PREMIUMS EARNEDMARKET SHARE%CUMULATIVE
MARKET
SHARE %
1.STATE FARM GRP78,643,121,35375,087,861,6689.079.07
Top Insurer in the US, Insurance News Massachusetts and US Market Share2.BERKSHIRE HATHAWAY GRP56,879,630,78555,774,920,0486.5615.63
Insurance News Massachusetts and US Market Share3.PROGRESSIVE GRP52,326,628,35150,641,509,4836.0421.67
Insurance News Massachusetts and US Market Share4.ALLSTATE INS GRP45,512,585,13143,781,750,6355.2526.92
Top Insurer in the US, Insurance News Massachusetts and US Market Share5.LIBERTY MUT GRP45,262,773,31943,846,872,4175.2232.14
Agency Checklists, MA Insurance News, Mass. Insurance News, Travelers6.TRAVELERS GRP34,347,685,50932,790,231,4673.9636.10
Agency Checklists, MA Insurance News, Mass. Insurance News, Chubb, Mass. insurance companies7.CHUBB LTD GRP30,069,056,64429,186,668,4303.4739.57
Top P&C Insurers US8.UNITED SERV AUTOMOBILE ASSN GRP26,864,180,93426,027,074,5503.1042.67
Insurance News Massachusetts and US Market Share9.FARMERS INS GRP26,416,672,17625,756,089,1363.0545.71
Agency Checklists, MA Insurance News, Mass. Insurance News10.NATIONWIDE CORP GRP20,323,219,93919,851,691,6932.3448.06
Top Insurer in the US, Insurance News Massachusetts and US Market Share11.ZURICH INS GRP17,618,547,77316,863,971,3412.0350.09
12.AMERICAN INTL GRP15,465,483,89215,427,244,7891.7851.87
The logo of The Hartford Financial Group showing an elk with a rack of horns13.HARTFORD FIRE & CAS GRP14,723,584,52014,195,889,8001.7053.57
Insurance News Massachusetts and US Market Share14.AMERICAN FAMILY INS GRP14,090,260,07813,252,537,2311.6355.20
Top Insurer in the US, Insurance News Massachusetts and US Market Share15.CNA INS GRP13,212,517,53712,601,779,6061.5256.72
Agency Checklists, MA Insurance Gorup, Mass. Insurance Group, Tokio Marine, Tokio Marine Massachusetts16.TOKIO MARINE HOLDINGS INC GRP11,145,749,89510,803,661,5731.2958.01
Insurance News Massachusetts and US Market Share17.AUTO OWNERS GRP10,988,166,28710,432,620,6721.2759.27
Top Insurer in the US, Insurance News Massachusetts and US Market Share18.FAIRFAX FIN GRP10,980,589,23110,474,995,5091.2760.54
Top Insurer in the US, Insurance News Massachusetts and US Market Share19.WR BERKLEY CORP GRP9,269,248,2338,856,014,2761.0761.61
Insurance News Massachusetts and US Market Share20.ASSURANT INC GRP8,715,910,9898,400,153,3881.0162.61
Top Insurer in the US, Insurance News Massachusetts and US Market Share21.AMERICAN FINANCIAL GRP8,653,780,4258,457,031,9631.0063.61
Insurance News Massachusetts and US Market Share22.ERIE INS GRP8,595,960,3588,222,763,0650.9964.60
Top Insurer in the US, Insurance News Massachusetts and US Market Share23.MARKEL CORP GRP8,297,030,9047,888,818,1490.9665.56
Top Insurer in the US, Insurance News Massachusetts and US Market Share24.AXA INS GRP7,683,024,9967,855,474,6590.8966.45
Agency Checklists list of top 25 insurers other liability in US25.SOMPO GRP7,402,670,9007,207,427,2770.8567.30
INDUSTRY TOTAL866,976,969,081833,995,382,495100.00100.00

Links to our 2023 NAIC Market Share Reports

  • NAIC 2023 Market Share Report | Top 25 U.S. Commercial Auto Insurers
  • NAIC 2023 Market Share Report | Top 25 U.S. Auto Insurers
  • NAIC 2023 Market Share Report | Top 25 U.S. Homeowners Multiple Peril Insurers
  • NAIC 2023 Market Share Report | Top 25 U.S. Medical Professional Liability Insurers
  • NAIC 2023 Market Share Report | Top 25 U.S. Other Liability Insurers
  • NAIC 2023 Market Share Report | Top 25 U.S. Workers’ Compensation Insurers

Links to our 2022 NAIC Market Share Reports

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

Filed Under: Latest News Tagged With: Agency Checklists, insurance news massachusetts, Mass. Insurance News, massachusetts insurance news, New England Insurance News

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