Top 25 property/casualty insurance companies in the US

The country’s main 25 property/setback insurance organizations guarantee very nearly 66% of the all out market and composed more than $552 billion in premium in 2017 – up 4.6% from the year past, as indicated by new information from the National Association of Insurance Commissioners.

State Farm Group is by and by the biggest property/setback insurance organization in the US, speaking to 10.1% of the market and composing $64.8 billion in direct premiums – about $30 billion more than its closest rival, Berkshire Hathaway ($38.4 billion).

Freedom Mutual, Allstate and Progressive all held their market rankings contrasted with 2016, with Progressive the just one to expand its piece of the overall industry by 0.4%.

Further down the best 10 rankings, Nationwide dropped two spots from eight to 10, with its direct premiums composed tumbling from $19.7 billion of every 2016 to $19.2 billion of every 2017. It exchanged spots with USAA Insurance Group, which helped its direct premiums composed from $18,2 billion out of 2016 to $20.1 billion out of 2017, expanding its piece of the overall industry by 0.1%

The 25 greatest property/loss insurance gatherings, by direct premiums composed and piece of the overall industry, are:

  1. State Farm

Direct Premiums Written: $64.8 billion

Piece of the overall industry: 10.1%

  1. Berkshire Hathaway

Direct Premiums Written: $38.4 billion

Piece of the overall industry: 6.0%

  1. Freedom Mutual

Direct Premiums Written: $33.8 billion

Piece of the overall industry: 5.3%

  1. Allstate

Direct Premiums Written: $31.5 billion

Piece of the overall industry: 4.9%

  1. Dynamic

Direct Premiums Written: $27.8 billion

Piece of the overall industry: 4.3%

  1. Voyagers

Direct Premiums Written: $24.8 billion

Piece of the overall industry: 3.9%

  1. Chubb

Direct Premiums Written: $21.2 billion

Piece of the overall industry: 3.3%

  1. USAA

Direct Premiums Written: $20.1 billion

Piece of the overall industry: 3.1%

  1. Ranchers

Direct Premiums Written: $19.8 billion

Piece of the overall industry: 3.1%

  1. Across the nation

Direct Premiums Written: $19.2 billion

Piece of the overall industry: 3.0%

  1. AIG

Direct Premiums Written: $14.0 billion

Piece of the overall industry: 2.2%

  1. Zurich

Direct Premiums Written: $13.0 billion

Piece of the overall industry: 2.0%

  1. Hartford

Direct Premiums Written: $11.1 billion

Piece of the overall industry: 1.7%

  1. CNA

Direct Premiums Written: $10.4 billion

Piece of the pie: 1.6%

  1. AmTrust Group

Direct Premiums Written: $10.2 billion

Piece of the pie: 1.6%

  1. American Family

Direct Premiums Written: $8.3 billion

Piece of the pie: 1.3%

  1. Auto Owners Group

Direct Premiums Written: $7.1 billion

Piece of the pie: 1.1%

  1. Erie Insurance

Direct Premiums Written: $6.6 billion

Piece of the pie: 1.0%

  1. Tokio Marine

Direct Premiums Written: $6.6 billion

Piece of the pie: 1.0%

  1. American Financial

Direct Premiums Written: $5.9 billion

Piece of the pie: 0.9%

  1. W.R. Berkley

Direct Premiums Written: $5.7 billion

Piece of the pie: 0.9%

  1. Assurant

Direct Premiums Written: $5.6 billion

Piece of the pie: 0.9%

  1. Fairfax Financial Holdings

Direct Premiums Written: $5.4 billion

Piece of the pie: 0.8%

  1. Cincinnati Financial

Direct Premiums Written: $4.7 billion

Piece of the overall industry: 0.7%

  1. Markel Corporation

Direct Premiums Written: $4.4 billion

Piece of the pie: 0.7%

As indicated by the Insurance Information Institute, US insurance industry net premiums composed totaled $1.2 trillion out of 2017, with premiums recorded by life/wellbeing guarantors representing 52%, and premiums by property/loss safety net providers representing 48%.

NAIC information states there were 5,977 insurance organizations in 2016 in the US (counting domains), including P/C (2,538), life/annuities (872), wellbeing (858), friendly (85), title (55), chance maintenance gatherings (247) and different organizations (1,314).

The US insurance industry utilized 2.6 million individuals in 2016, as indicated by the US Department of Labor. Of those, 1.5 million worked for insurance organizations, including life and wellbeing safety net providers (811,900 laborers), P/C guarantors (648,200 specialists) and reinsurers (25,000 laborers). The staying 1.1 million individuals worked for insurance offices, intermediaries and other insurance-related endeavors.

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