According to the latest data from the National Association of Insurance Commissioners (NAIC), the top 10 insurance companies in the country claim almost two thirds of the total market and in 2019 received more than 708 billion dollars in insurance premiums.
State Farm Group again represents 9.27% of the US market and has written $ 65.6 billion in direct premiums – nearly $ 20 billion more than its nearest rival Berkshire Hathaway ($ 46.1 billion) behind GEICO.
Liberty Mutual, Allstate and Progressive have moved their market share to 5.54% in 2017, although Progressive leads the trio.
Chubb dropped from seven to eight, despite his written premiums rising from $ 21.2 billion in 2017 to $ 23.3 billion in 2019. The company moved to USAA Insurance Group, which increased its direct premiums from $ 20. , $ 1 billion in 2017 to $ 234. in 2019 at 0.22%.
Top 10 Property and Accident Insurance Companies in the USA
Based on the written direct premiums and the market share, the 10 biggest categories of property / victim insurance are:
1. State Agricultural Mutual Car Insurance
Direct Premiums Written: $ 65.8 billion
Market share: 9.3%
Berkshire Hathaway Inc.
Direct Premiums Written: $ 46.1 billion
Market share: 6.6%
3. Progressive Corp.
Direct Premiums Written: $ 39.72 billion
Market share: 5.6%
4. Liberty Mutual
Direct Written Premiums: $ 35.6 billion
Market share: 5.01%
5. Allstate Corp.
Direct Premiums Written: $ 35.02 billion
Market share: 5%
6. Travelers Companies Inc.
Direct written premiums: $ 28 billion
Market share: 3.3%
7. USAA Insurance Group
Direct written premiums: $ 23.4 billion
Market share: 3.32%
8. Chubb Ltd.
Direct written premiums: $ 23.3 billion
Market share: 3.30%
9. Group of Farmers Insurance Companies
Direct written premiums: $ 20.6 billion
Market share: 2.92%
10. Panhellenic Cross Chamber
Direct written premiums: $ 18.4 billion
Market share: 2.60%