A look at the largest Multi-Peril Homeowners’ Insurers in the nation
The National Association of Insurance Commissioners has released its annual market share report for 2018 of the largest Multi-Peril Homeowners’ insurers nationwide.
The annual report, compiles the list based upon filings submitted to the NAIC and represents the top 25 Property & Casualty Insurance Companies based upon Countrywide Premium as reported on the State Page of the NAIC’s annual statement for insurers.
A look at the overall numbers of The Top 25 P&C insurance marketplace in the U.S.
As of March 18, 2019, the industry total of Direct Premiums Written for the group of U.S. insurers was $98,693,856,598 dollars. Direct Premiums Earned was $96,239,728,464 dollars.
Musings on this this year’s Market Share Report
As stated in past reports, the only Massachusetts-based insurer making the list, is Boston-based Liberty Mutual Group which ranks 3rd in market share based on countrywide premium.
|
Rank |
Company Name |
Direct Premium Written |
Direct Premium Earned |
Market Share |
| 1. |  State Farm Group |
$18,177,461,545 | $17,839,028,277 | 18.42% |
| 2. |
|
$8,262,444,645 | $8,093,606,820 | 8.37% |
| 3. | 
Liberty Mutual Group |
$6,655,452,250 | $6,572,763,991 | 6.74% |
| 4. | 
USAA Group |
$6,170,558,10 | 5,921,073,788 | 6.25% |
| 5. | 
Farmers Ins Group |
$5,795,043,785 | $5,695,952,140 | 5.87% |
| 6. | 
Travelers Group |
$3,766,277,496 | $3,646,474,644 | 3.82% |
| 7. | 
American Family Ins Group |
$3,276,280,359 | $3,135,759,929 | 3.32% |
| 8. | 
Nationwide Corp Group |
$3,184,626,546 | $3,223,097,645 | 3.23% |
| 9. | 
Chubb Ltd Group |
$2,832,081,746 | $2,785,691,116 | 2.87% |
| 10. | 
Erie Ins. Group |
$1,675,975,742 | $1,633,035,784 | 1.70% |
| 11. | 
Auto Owners Group |
$1,571,704,167 | $1,490,517,610 | 1.59% |
| 12. | 
Progressive Group |
$1,403,094,755 | $1,240,593,854 | 1.42% |
| 13. |
|
$1,153,293,655 | $1,148,288,570 | 1.17% |
| 14. | 
Universal Ins Holdings Group |
$1,116,376,698 | $1,047,580,571 | 1.13% |
| 15. | 
Metropolitan Group |
$1,102,127,720 | $1,099,500,320 | 1.12% |
| 16. | 
Hartford Fire & Casualty Group |
$983,753,770 | $1,009,071,233 | 1.00% |
| 17. | 
CSAA Ins Group |
$923,999,816 | $906,879,111 | 0.94% |
| 18. | 
Amica Mut Group |
$909,196,126 | $876,014,692 | 0.92% |
| 19. | Auto Club Enterprises Ins Group | $827,909,356 | $811,987,899 | 0.84% |
| 20. | 
National Gen Group |
$792,391,641 | $722,674,082 | 0.80% |
| 21. | 
United Ins Holdings Group |
$786,377,291 | $747,322,807 | 0.80% |
| 22. | 
Heritage Ins Holdings Group |
$783,540,823 | $784,805,452 | 0.79% |
| 23. | 
Country Ins & Financial Serv Group |
$698,989,617 | $683,617,107 | 0.71% |
| 24. | 
Automobile Club MI Group |
$684,538,452 | $670,601,349 | 0.69% |
| 25. | 
Assurant Inc. Group |
$672,055,025 | $640,283,965 | 0.68% |
