These are the 25 largest property and casualty insurance companies in the United States

Liberty Mutual, Allstate and Progressive moved their market share compared to 2017, with Progressive leading the trio with a share of 5.54%.

Further down the top 10 rankings, Chubb dropped from seven to eight, despite direct rewards up from $ 21.2 billion in 2017 to $ 23.3 billion in 2019. He switched places with USAA Insurance Group, which increased its direct premiums from $ 20.1 billion in 2017 to $ 23.4 billion in 2019, increasing market share by 0.22%.

The 25 largest property and casualty insurance groups, measured by direct premiums and market shares, are:

1. State Farm

Direct Rewards Written: $ 65.6 billion
Market share: 9.27%

2. Berkshire Hathaway

Direct Rewards Written: $ 46.1 billion
Market share: 6.51%

3. Progressive group

Direct Rewards Written: $ 39.2 billion
Market share: 5.54%

4. Liberty Mutual

Direct Rewards Written: $ 35.6 billion
Market share: 5.03%

5. Allstate

Direct Rewards Written: $ 35 Billion
Market share: 4.95%

6. Tour group

Direct Written Awards: $ 28 billion
Market share: 3.96%

7. USAA

Direct Written Awards: $ 23.4 billion
Market share: 3.32%

8. Chubb

Direct Written Awards: $ 23.3 billion
Market share: 3.30%

9. Farmers insurance

Direct Written Awards: $ 20.6 billion
Market share: 2.92%

10. Nationwide

Direct Written Awards: $ 18.4 billion
Market share: 2.60%

11. AIG

Direct Written Awards: $ 14 billion
Market share: 1.98%

12. Zurich

Direct Written Awards: $ 12.8 billion
Market share: 1.82%

13. The Hartford

Direct Written Awards: $ 12.6 billion
Market share: 1.79%

14. American Family Insurance

Direct Written Awards: $ 11.5 billion
Market share: 1.63%

15. CNA

Direct Written Awards: $ 11 billion
Market share: 1.56%

16. Auto Owners Group

Direct Written Awards: $ 8.5 billion
Market share: 1.21%

17. Insure

Direct Written Awards: $ 8.2 billion
Market share: 1.16%

18. Erie Insurance

Direct Written Awards: $ 7.4 billion
Market share: 1.06%

19. Tokyo Navy

Direct Written Awards: $ 7.4 billion
Market share: 1.05%

20. Fairfax Financial

Direct Written Awards: $ 6.9 billion
Market share: 0.99%

21. American Financial Group / Great American Insurance Group

Direct Written Awards: $ 6.3 billion
Market share: 0.90%

22. WR Berkley

Direct Written Awards: $ 6.3 billion
Market share: 0.89%

23. AXA

Direct Written Awards: $ 6.1 billion
Market share: 0.86%

24. Markel Corporation

Direct Written Awards: $ 5.8 billion
Market share: 0.83%

25. Alliance

Direct Written Awards: $ 5.3 billion
Market share: 0.76%

According to the Insurance Information Institute (III), net written premiums in the U.S. insurance industry were $ 1.32 trillion in 2019, with life / health insurance premiums 52% and property and casualty insurance premiums according to S. & P 48% accounted for Global Market Information.

P / C insurance includes auto, homeowner and commercial insurance. Net written premiums for the sector were $ 637.7 billion in 2019. The life / annuity sector includes annuity, casualty, health and life insurance with net premiums for the sector totaling $ 678.7 billion in 2019. Both figures are from the Insurance Information Institute.

According to the U.S. Department of Labor, the U.S. insurance industry employed 2.8 million people in 2019. 1.6 million of these worked for insurance companies, including life and health insurers (923,000 employees), P / C insurers (647,000 employees) and reinsurers (28,500 employees). The remaining 1.2 million people worked for insurance agencies, brokers, and other insurance companies.

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