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TOP 25 P&C INSURERS OF 2021 NAIC REPORT The National Association of Insurance Commissioners (NAIC) has released its final report on the nation’s top 25 propertycasualty insurers. Along with the list came a lot of income information and other results. To date 96% of the nation’s insurers have reported last year’s data to the NAIC. These are the lines covered in the report: personal auto, commercial auto, workers’ compensation, medical professional liability, homeowners, and other liability (but not auto liability) insurance. Here are some results: In 2021 the P&C industry wrote $791 billion in direct written premiums Direct premiums earned hit $761 billion Most written premiums — 31% — were in passenger auto lines
TOP 25 INSURERS
ACCORDING TO THE NAIC 1. State Farm Direct premiums written in 2021: $70.3 billion Direct premiums earned in 2021: $67.8 billion Market share: 8.88% 2. Berkshire Hathaway Direct premiums written in 2021: $51.6 billion Direct premiums earned in 2021: $50.07 billion Market share: 6.52% 3. Progressive Direct premiums written in 2021: $47.7 billion Direct premiums earned in 2021: $45.6 billion Market share: 6.03% 4. Allstate Direct premiums written in 2021: $41.3 billion Direct premiums earned in 2021: $40.07 billion Market share: 5.23% 5. Liberty Mutual Direct premiums written in 2021: $39.02 billion Direct premiums earned in 2021: $37.5 billion Market share: 4.93% 6. Travelers Direct premiums written in 2021: $30.9 billion Direct premiums earned in 2021: $28.8 billion Market share: 3.91% 7. Chubb Direct premiums written in 2021: $26.9 billion Direct premiums earned in 2021: $26.1 billion Market share: 3.41% 8. USAA Direct premiums written in 2021: $26.9 billion Direct premiums earned in 2021: $26.1 billion Market share: 3.41%
April 2022 | Main Street Industry News | www.pianeia.com | 16
