The nation’s top 10 property/casualty insurance companies claim almost two-thirds of the total market and wrote more than $725 billion in premiums in 2020 – up from $708 billion in 2019, according to the latest data from the National Association of Insurance Commissioners (NAIC).
The 10 biggest property/casualty insurance groups, by direct premiums written and market share, are:
1. State Farm
Direct Premiums Written: $66.1 billion
Market Share: 9.12%
2. Berkshire Hathaway
Direct Premiums Written: $46.1 billion
Market Share: 6.37%
3. Progressive Group
Direct Premiums Written: $41.7 billion
Market Share: 5.75%
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4. Liberty Mutual
Direct Premiums Written: $36.1 billion
Market Share: 4.99%
5. Allstate
Direct Premiums Written: $34.3 billion
Market Share: 4.73%
6. Travelers Group
Direct Written Premiums: $28.7 billion
Market Share: 3.97%
7. USAA
Direct Written Premiums: $24.6 billion
Market Share: 3.39%
8. Chubb
Direct Written Premiums: $24 billion
Market Share: 3.32%
9. Farmers Insurance
Direct Written Premiums: $20 billion
Market Share: 2.77%
10. Nationwide
Direct Written Premiums: $18.5 billion
Market Share: 2.55%
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