The Top 25 P&C Insurers of 2021 — NAIC Report

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%

9. Farmers Direct premiums written in 2021: $25 billion Direct premiums earned in 2021: $24.4 billion Market share: 3.16%

10. Nationwide Direct premiums written in 2021: $19.4 billion Direct premiums earned in 2021: $18.9 billion Market share: 2.46%

11. Zurich Direct premiums written in 2021: $15.01 billion Direct premiums earned in 2021: $14.5 billion Market share: 1.90%

12. AIG Direct premiums written in 2021: $14.6 billion Direct premiums earned in 2021: $14.1 billion Market share: 1.86%

13. The Hartford Direct premiums written in 2021: $13.5 billion Direct premiums earned in 2021: $13.08 billion Market share: 1.71%

14. CNA Direct premiums written in 2021: $12.5 billion Direct premiums earned in 2021: $12.02 billion Market share: 1.59%

15. American Family Direct premiums written in 2021: $12.5 billion Direct premiums earned in 2021: $12.04 billion Market share: 1.59%

16. Tokio Marine Holdings Direct premiums written in 2021: $10.1 billion Direct premiums earned in 2021: $9.6 billion Market share: 1.28%

17. Auto-Owners Direct premiums written in 2021: $9.9 billion Direct premiums earned in 2021: $9.6 billion Market share: 1.25% 18. Fairfax Financial Direct premiums written in 2021: $9.5 billion Direct premiums earned in 2021: $8.6 billion Market share: 1.21%

19. Assurant Direct premiums written in 2021: $8.9 billion Direct premiums earned in 2021: $8.6 billion Market share: 1.13%

20. WR Berkley Corp. Direct premiums written in 2021: $8.2 billion Direct premiums earned in 2021: $7.6 billion Market share: 1.04%

21. Erie Insurance Direct premiums written in 2021: $7.8 billion Direct premiums earned in 2021: $7.2 billion Market share: 0.99%

22. AXA Direct premiums written in 2021: $7.7 billion Direct premiums earned in 2021: $7.3 billion Market share: 0.98%

23. American Financial Direct premiums written in 2021: $7.5 billion Direct premiums earned in 2021: $7.3 billion Market share: 0.94%

24. Markel CorpDirect premiums written in 2021: $7.4 billion Direct premiums earned in 2021: $6.8 billion Market share: 0.94%

25. SOMPO Direct premiums written in 2021: $6.5 billion Direct premiums earned in 2021: $6.03 billion Market share: 0.83%

Source: PropertyCasualty360.com