Berkshire Hathaway is the third largest Workers’ Compensation Insurer in the nation
As it does every March, the National Association of Insurance Commissioners has released its annual market share report of seven of the largest insurance liens in the United States.
For this article, Agency Checklists takes a look at the top 25 Workers’ Compensation Insurers nationwide. The list is based on filings to the N.A.I.C. and represents the largest auto insurers in the land based upon data reported on the State Page of the NAIC’s annual statement for insurers.
Other Take-aways from this year’s list
- Connecticut-based insurers Travelers and The Hartford are the top two largest workers’ compensation writers in the U.S. with 13.210% cumulative market share.
- The only Massachusetts-based workers’ compensation company to make the list is Liberty Mutual, which actually was founded as a workers’ compensation company back in 1911.
The 2018 list of the top 25 Workers’ Compensation Insurance Companies in the US
|
Rank |
Company Name |
Direct Premium Written |
Direct Premium Earned |
Market Share |
Cumulative Market Share |
| 1. |  Travelers Group |
$4,280,547,306 | $4,336,047,920 | 7.38% | 7.38% |
| 2. | 
Hartford Fires & Cas Group |
$3,382,971,956 | $3,426,779,546 | 5.83% | 13.21% |
| 3. | 
Berkshire Hathaway Group |
$2,750,359,625 | $2,736,514,656 | 4.74% | 17.96% |
| 4. | 
Zurich Insurance Group |
$2,694,390,443 | $2,790,243,169 | 4.65% | 22.60% |
| 5. | 
AmTrust Financial Serv. Group |
$2,635,105,822 | $2,729,466,638 | 4.54% | 27.15% |
| 6. | 
Chubb Ltd. Group |
$2,478,826,159 | $2,537,171,964 | 4.27% | 31.42% |
| 7. |  Liberty Mutual Group |
$2,473,669,068 | $2,363,688,037 | 4.27% | 35.69% |
| 8. | 
State Ins. Fund |
$2,256,137,644 | $2,226,408,892 | 3.89% | 39.58% |
| 9. | 
American Int’l. Group |
$1,690,202,488 | $1,746,851,929 | 2.91% | 42.49% |
| 10. | 
BCBS of MI Group |
$1,566,914,722 | $1,499,749,365 | 2.70% | 45.19% |
| 11. | 
Old Republic Group |
$1,466,818,753 1, | $1,441,121,298 | 2.53% | 47.72% |
| 12. | Erie Ins.  WR Berkley Corp. Group |
$1,360,656,051 | $1,389,052,476 | 2.35% | 50.07% |
| 13. |  State Compensation Ins. Fund |
$1,338,989,110 | $1,348,493,725 | 2.31% | 52.38% |
| 14. | 
American Financial Group |
$1,328,345,427 | $1,330,681,469 | 2.29% | 54.67% |
| 15. | C Texas Mutual Ins. Co. |
$1,097,243,791 | $1,059,925,895 | 1.89% | 56.56% |
| 16. |  ICW Group Assets Inc. Group |
$958,239,801 | $957,887,747 | 1.65% | 58.21% |
| 17. |  Fairfax Fin. Group |
$928,498,756 | $937,174,869 | 1.60% | 59.81% |
| 18. | 
CNA Ins. Group |
$800,609,376 | $816,958,709 | 1.38% | 61.19% |
| 19. | 
Employers Holdings Group |
$739,055,629 | $727,231,687 | 1.27% | 62.47% |
| 20. | 
Starr Group |
$649,469,823 | $627,459,335 | 1.12% | 63.59% |
| 21. |  Pinnacol Assur. Group |
$623,847,791 | $624,273,994 | 1.08% | 64.66% |
| 22. | 
Arch Ins. Group |
$581,503,529 | $570,744,057 | 1.00% | 65.67% |
| 23. | 
Markel Corp. Group |
$530,230,382 | $537,625,080 | 0.91% | 66.58% |
| 24. | 
New Jersey Manufacturers Group |
$519,826,888 | $518,752,566 | 0.90% | 67.48% |
| 25. | 
Everest Reins Holdings Group |
$512,190,645 | $497,720,213 | 0.88% | 68.36% |
Links to our other NAIC 2019 Market Share Reports:
- The Top 25 Insurers in the United States, All Lines
- The Top 25 Private Passenger Auto Insurance Companies in the United States
- The Top 25 Homeowners Multi-Peril Insurance Companies in the United States
