Top 25 Insurance companies in USA 2019 - List by Net worth

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In this article we are gonna talk about the top 25 Insurance companies in USA 2019. The nation’s top 25 property/casualty insurance companies claim almost two-thirds of the total market and wrote more than $552 billion in premium in 2017 – up 4.6% from the year previous, according to new data from the National Association of Insurance Commissioners.
State Farm Group is once again the largest property/casualty insurance company in the US, representing 10.1% of the market and writing $64.8 billion in direct premiums – nearly $30 billion more than its nearest competitor, Berkshire Hathaway ($38.4 billion).

Liberty Mutual, Allstate and Progressive all retained their market rankings compared to 2016, with Progressive the only one to increase its market share by 0.4%.

Further down the top 10 rankings, Nationwide dropped two places from eight to 10, with its direct premiums written falling from $19.7 billion in 2016 to $19.2 billion in 2017. It switched places with USAA Insurance Group, which boosted its direct premiums written from $18,2 billion in 2016 to $20.1 billion in 2017, increasing its market share by 0.1%

The 25 biggest property/casualty insurance groups, by direct premiums written and market share, are:

1. State Farm 
Direct Premiums Written: $64.8 billion
Market Share: 10.1%


2. Berkshire Hathaway 
Direct Premiums Written: $38.4 billion
Market Share: 6.0%
3. Liberty Mutual
Direct Premiums Written: $33.8 billion
Market Share: 5.3%
4. Allstate
Direct Premiums Written: $31.5 billion
Market Share: 4.9%


5. Progressive
Direct Premiums Written: $27.8 billion
Market Share: 4.3%
6. Travelers 
Direct Premiums Written: $24.8 billion
Market Share: 3.9%
7. Chubb 
Direct Premiums Written: $21.2 billion
Market Share: 3.3%


8. USAA
Direct Premiums Written: $20.1 billion
Market Share: 3.1%
9. Farmers
Direct Premiums Written: $19.8 billion
Market Share: 3.1%
10. Nationwide
Direct Premiums Written: $19.2 billion
Market Share: 3.0%


11. AIG
Direct Premiums Written: $14.0 billion
Market Share: 2.2%
12. Zurich 
Direct Premiums Written: $13.0 billion
Market Share: 2.0%
13. Hartford
Direct Premiums Written: $11.1 billion
Market Share: 1.7%
14. CNA 
Direct Premiums Written: $10.4 billion
Market Share: 1.6%
15. AmTrust Group 
Direct Premiums Written: $10.2 billion
Market Share: 1.6%
16. American Family
Direct Premiums Written: $8.3 billion
Market Share: 1.3%
17. Auto Owners Group
Direct Premiums Written: $7.1 billion
Market Share: 1.1%
18. Erie Insurance
Direct Premiums Written: $6.6 billion
Market Share: 1.0%
19. Tokio Marine
Direct Premiums Written: $6.6 billion
Market Share: 1.0%
20. American Financial 
Direct Premiums Written: $5.9 billion
Market Share: 0.9%
21. W.R. Berkley
Direct Premiums Written: $5.7 billion
Market Share: 0.9%
22. Assurant 
Direct Premiums Written: $5.6 billion
Market Share: 0.9%
23. Fairfax Financial Holdings 
Direct Premiums Written: $5.4 billion
Market Share: 0.8%
24. Cincinnati Financial
Direct Premiums Written: $4.7 billion
Market Share: 0.7%
25. Markel Corporation 
Direct Premiums Written: $4.4 billion
Market Share: 0.7%
According to the Insurance Information Institute, US insurance industry net premiums written totaled $1.2 trillion in 2017, with premiums recorded by life/health insurers accounting for 52%, and premiums by property/casualty insurers accounting for 48%.
NAIC data states there were 5,977 insurance companies in 2016 in the US (including territories), including P/C (2,538), life/annuities (872), health (858), fraternal (85), title (55), risk retention groups (247) and other companies (1,314).
credit given to insurancebusinessmag.com

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