Part of our look at the data for the Masssachusetts insurance industry during 2013
The Massachusetts property and casualty market reached almost $11 billion, or $11,876,223,772, according to the Division of Insurance in 2013. Of that amount, insurers domiciled in Massachusetts wrote $5,050,082,027 of the total premium or just about 42.5%.
The following listing of domestic carriers shows their 2013 premium writings in Massachusetts for 2013, as well as the percentage the Massachusetts premium writings were in relation to each company’s total premium writings. The listing is ranked by the surplus of each company. The listing does not show the surplus of the insurance group to which a particular company may belong. e.g. Commerce Insurance and Citation Insurance.
Carrier | 2013 Mass. Premium | Percentage of total premium written in Massachusetts | Surplus |
Liberty Mut Ins Co | $632,573,690 | 14.03% | $15,126,396,325 |
Medical Professional Mut Ins Co | $106,449,856 | 100.00% | $1,423,400,313 |
Quincy Mut Fire Ins Co | $162,231,205 | 77.04% | $927,134,985 |
Commerce Ins Co | $1,339,755,378 | 98.99% | $834,756,455 |
Merrimack Mut Fire Ins Co | $133,114,940 | 46.89% | $785,154,398 |
Safety Ins Co | $580,880,331 | 98.26% | $627,992,682 |
Arbella Mut Ins Co | $544,611,895 | 100.00% | $523,929,333 |
Electric Ins Co | $24,831,605 | 7.17% | $522,559,854 |
Cambridge Mut Fire Ins Co | $25,671,312 | 21.34% | $421,923,641 |
Bay State Ins Co | $18,733,852 | 39.76% | $260,334,392 |
Premier Ins Co Of MA | $132,300,731 | 100.00% | $219,747,629 |
Norfolk & Dedham Mut Fire Ins Co | $109,788,431 | 95.74% | $178,628,160 |
Associated Industries Of MA Mut Ins | $89,870,774 | 98.58% | $178,157,659 |
Plymouth Rock Assur Corp | $271,419,775 | 93.20% | $152,792,404 |
Holyoke Mut Ins Co In Salem | $16,657,080 | 27.14% | $89,884,233 |
Citation Ins Co | $181,160,981 | 100.00% | $88,909,217 |
OneBeacon Amer Ins Co | $-181,943 | -14.22% | $88,272,900 |
Arbella Protection Ins Co | $150,626,503 | 84.91% | $85,685,858 |
Barnstable Cnty Mut Ins Co | $26,421,122 | 100.00% | $78,447,927 |
Coface N Amer Ins Co | $2,621,668 | 2.69% | $65,020,305 |
Safety Ind Ins Co | $122,774,191 | 97.45% | $54,132,462 |
Fitchburg Mut Ins Co | $508,514 | 1.95% | $53,301,040 |
Montgomery Mut Ins Co | $0 | 0.00% | $48,494,677 |
Atlantic Charter Ins Co | $30,820,250 | 87.33% | $46,754,829 |
Dorchester Mut Ins Co | $28,450,215 | 98.53% | $38,059,693 |
Hingham Mut Fire Ins Co | $19,147,549 | 85.21% | $37,091,858 |
New England Mut Ins Co | $13,602,934 | 100.00% | $36,557,562 |
Arrow Mut Liab Ins Co | $5,418,974 | 94.39% | $30,543,100 |
Hospitality Mut Ins Co | $9,190,260 | 100.00% | $27,467,977 |
Bunker Hill Ins Co | $29,959,389 | 86.59% | $25,989,603 |
Proselect Ins Co | $2,625,607 | 1.61% | $24,668,060 |
Barnstable Cnty Ins Co | $2,183,068 | 100.00% | $19,657,713 |
Employers Fire Ins Co | $-82,092 | -1.46% | $19,350,378 |
Liberty Mut Mid Atlantic Ins Co | $0 | 0.00% | $18,128,928 |
Safety Prop & Cas Ins Co | $14,252,592 | 98.21% | $17,541,925 |
Arbella Ind Ins Co | $10,861,280 | 96.28% | $15,467,534 |
Pilgrim Ins Co | $25,272,457 | 100.00% | $14,689,402 |
Massachusetts Homeland Ins Co | $61,079,993 | 49.35% | $8,610,540 |
Hospitality Ins Co | $0 | 0.00% | $7,518,414 |
Danbury Ins Co | $1,107,412 | 78.97% | $6,843,702 |
Encompass Ins Co of MA | $42,895,151 | 100.00% | $6,696,738 |
Bunker Hill Ins Cas Co | $7,200,538 | 100.00% | $5,961,812 |
Endeavour Ins Co | $3,744,384 | 100.00% | $5,621,461 |
United Cas & Surety Ins Co | $2,526,261 | 94.29% | $4,602,992 |
Associated Employers Ins Co | $22,461,207 | 99.78% | $4,404,587 |
Independence Cas Ins Co | $19,142,660 | 100.00% | $4,251,744 |
Massachusetts Employers Ins Co | $14,480,022 | 100.00% | $3,560,950 |
Tower Natl Ins Co | $10,920,025 | 7.12% | $3,298,562 |
Massachusetts domestic P&C premium for 2013 | $5,050,082,027 |