Top 100 U.S. Property & Casualty Insurance Companies - Reinsurance News (2024)

ThisTop 100 U.S. Property & Casualty Insurance Companies directory is based on research data from rating agency A.M. Best.

Listing the top property and casualty insurance companies in the United States, this directory provides a simple way to analyse the top P&C insurance companies in the U.S.

The property and casualty insurance groups featured are ranked by net premiums written in 2023. You can sort the table by any of the headings and search it to analyse individual insurance companies.

RankingP/C insurance company name2023 Net premiums written (US $ 000)% change from previous year
1State Farm Group92,601,74419.1
2Berkshire Hathaway Ins77,192,1004.9
3Progressive Ins Group61,494,24320.4
4Allstate Ins Group47,398,84011.6
5Liberty Mutual Ins Cos40,474,8454.6
6Travelers Group37,968,276 14
7USAA Group31,096,87518.7
8Chubb INA Group25,931,139 8.6
9Nationwide Group19,117,900-1.7
10Farmers Ins Group18,306,494 4.6
11American Family Insurance Group16,525,07917.2
12Hartford Ins Group15,054,3989.5
13American Intl Group (AIG)13,159,433 -2.4
14Fairfax Financial (USA) Group12,947,87610.5
15Auto-Owners Ins Group12,735,80019
16Tokio Marine US PC Group10,202,8027.5
17Erie Ins Group10,179,18916.6
18W. R. Berkley Ins Group9,902,3208.9
19Everest Re US Group9,272,81115.1
20CNA Ins Cos8,992,051 8.2
21Munich-American Hldg Corp Cos8,620,311-6.2
22Cincinnati Ins Cos7,770,7299.7
23Auto Club Enterprises Ins Group6,628,99119
24FM Global Group6,442,76521.3
25Great Amer P&C Ins Grp6,401,43010.6
26Markel Ins Group6,246,4960.7
27CSAA Ins Group5,935,39022.7
28Hanover Ins Grp Prop & Cas Cos5,810,5886.2
29Zurich Ins US PC Group5,804,3380.2
30Arch Ins Group5,291,65326.4
31Sompo Hldgs US Group5,076,331-9.5
32XL America Companies4,644,462 -11.1
33Mercury Casualty Group4,430,63012.4
34Selective Ins Group4,134,53215.7
35Allianz US P&C Ins Companies4,070,9410.5
36Kemper PC Companies3,826,269-15.3
37QBE Americas Group3,758,73218.4
38Sentry Ins Group3,551,01910.3
39Assurant P&C Group3,350,792-0.3
40Citizens Property Ins Corporation3,307,67426
41Old Republic Ins Group3,285,6788.7
42AmTrust Group3,198,7742.3
43Auto Club Group3,124,41113.8
44COUNTRY Financial PC Group3,068,83213
45BAMR US PC Group3,040,154-1.3
46Starr Intl Group2,942,91316.4
47Amica Mutual Group2,615,73412.6
48Westfield Group2,607,73216.4
49Shelter Ins Cos2,586,58814.8
50AF Group2,536,07512.8
51Core Specialty2,532,53223
52Acuity, A Mutual Ins Co2,482,18318.1
53Federated Mutual Group2,446,49813.9
54ICW Group2,426,48938.9
55NJM Ins Group2,381,86915.6
56Swiss Reinsurance Group2,370,921-43.7
57AXIS US Operations2,303,345-6.5
58PartnerRe US Group2,229,384-13.6
59EMC Ins Cos2,223,2364.8
60Alfa Ins Group2,034,15120.6
61West Bend Mutual Ins Co1,998,53315.5
62Farm Bureau P&C Group1,919,21416.9
63Southern Farm Bureau Cas Group1,911,01616.2
64MAPFRE North America Group1,882,7966.4
65TN Farmers Ins Cos1,829,92813.6
66Texas Farm Bureau Group1,793,36125.1
67State Ins Fund WC Fund1,711,5349.3
68Intact US Ins Group1,635,7065.8
69Utica Natl Ins Group1,559,9947.3
70Grange Ins Pool1,529,5868.7
71Scor US Group1,520,153-5.3
72NC Farm Bureau Ins Group1,463,57023.9
73IAT Ins Group1,461,5681.1
74RLI Group1,427,74715
75Universal Ins Hldgs Group1,332,56218.6
76KY Farm Bureau Group1,330,14011.4
77Encova Mutual Ins Group1,284,44010.9
78CUMIS Ins Society Group1,267,0618.5
79Kinsale Ins Cos1,263,81634.9
80Doctors Co Ins Group1,259,1016
81SiriusPoint America Ins Group1,205,682-3.5
82TX Mutual Ins Co1,142,6373.8
83State Compensation Ins Fund1,141,812-2
84Church Mutual Ins Group1,122,7356.3
85Aspen US Ins Group1,111,168-13.6
86RenaissanceRe US Group1,091,375-4.7
87FCCI Ins Group1,064,8678.6
88Donegal Ins Group1,053,1785.8
89Arbella Ins Group1,036,34012.2
90United Fire & Cas Group1,034,0069.8
91Secura Ins Cos1,027,14913.6
92Western Natl Ins Group986,13021
93Palisades Group975,1607.2
94Trupanion Ins Group969,62718.1
95Frankenmuth Ins Group967,46714.9
96 Michigan Farm Bureau PC Companies933,55812.7
97Safety Group925,29619.6
98Mortgage Guar Group914,868-4.8
99Skyward Specialty Ins Group910,69134.8
100ProAssurance Group905,800-2.2

Source: ©A.M.BestCompany, Inc. — used by permission.

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Top 100 U.S. Property & Casualty Insurance Companies - Reinsurance News (2024)

FAQs

Top 100 U.S. Property & Casualty Insurance Companies - Reinsurance News? ›

State Farm

With a reported $93.8bn in earned premiums in 2023, State Farm is at the top of the world's largest property and casualty insurance companies list.

Who is the largest P&C insurance company in the US? ›

State Farm

With a reported $93.8bn in earned premiums in 2023, State Farm is at the top of the world's largest property and casualty insurance companies list.

Who is the largest reinsurer in the US? ›

Top 10 U.S. Property/Casualty Reinsurers Of U.S. Business By Gross Premiums Written, 2022
RankCompany (1)Gross premiums written
1National Indemnity Co.$33,582,206
2Everest Reinsurance Co.10,041,480
3Swiss Reinsurance America Corp,9,135,492
4Odyssey Group7,265,487
6 more rows

Who is the #1 insurance company in the USA? ›

State Farm is the biggest auto insurance company in the country by market share, while Progressive, Geico and Allstate are the next three.

What are the top 3 insurance industries in the US? ›

Top 10 Writers Of Property/Casualty Insurance By Direct Premiums Written, 2023
RankGroup/companyDirect premiums written (1)
1State Farm$93,787,274
2Progressive62,711,707
3Berkshire Hathaway Inc.58,628,800
4Allstate Corp.50,041,693
6 more rows

What do the top P&C insurance agents make? ›

$63,655

Who is the richest insurance company? ›

What Is the Wealthiest Insurance Company in the World? While United Health Group is the largest insurance company by revenue, it is dwarfed by Berkshire Hathaway in terms of net income and market cap.

Who are the top players in reinsurance? ›

Top 50 Global Reinsurance Groups, 2022
RankingReinsurance Company NameCombined Ratios (3)
1Munich Reinsurance Company96.2%
2Swiss Re Ltd.102.4%
3Hannover Rück S.E. 499.8%
4Canada Life ReN/A
12 more rows

Who are the big four reinsurers? ›

Swiss Re, Munich Re, Hannover Re and Scor are heading into the autumn with a stellar 2023 record under their belts and a profitable 2024 highly likely, hurricane season willing. Pricing overall has continued to increase in every major renewal so far in 2024, and there is no expectation of a sudden reversal.

How many reinsurance companies are there in the US? ›

There are 198 Reinsurance Carriers businesses in the US as of 2023, an increase of 7.2% from 2022. Has the number of Reinsurance Carriers businesses in the US grown or declined over the past 5 years?

Who is State Farm's biggest competitor? ›

Top 10 Largest Auto Insurance Companies
  • State Farm. 18.31% 9.4.
  • Progressive. 15.24% 9.4.
  • Geico. 12.31% 9.3.
  • Allstate. 10.37% 9.1.
  • USAA** 6.27% 9.3.
  • Liberty Mutual. 4.20% 9.1.
  • Farmers Insurance. 4.18% 8.5.
  • American Family Insurance. 2.14% 9.0.
Aug 22, 2024

What is the second largest insurance company in the US? ›

  • #1: United Health Group (UNH)
  • #2: Berkshire Hathaway Inc. ( BRK.B)
  • #3: CVS Health Corp Group (CVS)
  • #4: The Cigna Group (CI)
  • #5: Elevance Health Inc. ( ELV)
  • #6: Centene (CNC)
  • #7: Ping An Insurance (PNGAY)
  • #8: Allianz (ALIZY)

What is the oldest insurance company in us? ›

1752 The Philadelphia Contributionship for the Insurance of Houses from Loss by Fire, the oldest insurance carrier in continuous operation in the United States, was established. 1759 Presbyterian Ministers Fund, the first life insurance company in the United States, was founded.

What is the largest P&C insurance company? ›

1. State Farm. State Farm is the industry's biggest player, both in the US and overseas. The Bloomington, Illinois-based P&C insurance giant wrote almost $78 billion worth of premiums in the past year.

Where does Allianz rank? ›

Among the fastest growing global brands, Allianz moved up three positions to rank 31 in the overall Interbrand ranking of the top 100 global brands. “Our position in the Best Global Brands ranking is the strongest ever.

Who is the most trustworthy insurance company? ›

8 best car insurance companies
  • Best auto insurance company overall: Travelers.
  • Best for your budget: American Family.
  • Best for accident forgiveness: Geico.
  • Best for having few customer complaints: NJM.
  • Best for financial strength: Auto-Owners.
  • Best for discounts: Amica.
  • Best for customer satisfaction: State Farm.

What is the largest car insurance company? ›

For auto policies, State Farm is the largest insurance company in the U.S., with the biggest market share (16.9 percent) and over $46.6 million in direct premiums written in 2022.

What are the largest accident and health insurance companies? ›

50 Largest Health Insurance Companies in the U.S. Overall
RankHealth insurance companyTotal health plan enrollment in 2021
1Kaiser Permanente8,228,765
2Elevance Health (Anthem)4,670,236
3HCSC (including BCBS plans)4,419,293
4UnitedHealth Group4,306,492
47 more rows
Feb 26, 2024

What are the two major lines of property casualty P&C insurance firms? ›

The two major lines of property-casualty insurance are property insurance (insurance coverage related to the loss of real and personal property) and casualty—or perhaps more accurately, liability (insurance coverage that offers protection against legal liability exposures).

How big is the P&C industry in the US? ›

According to Statistica, the market size for P&C and Direct insurance is at an all time high, up to $843.63 billion, and up by $22 billion from the previous year in 2023. The highest industry growth occurred between 2017 and 2018, up from $629.33 billion to $682.98 billion between these years.

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