NAIC 2024 Market Share Report | Top 25 Other Liability Insurers

The National Association of Insurance Commissioners has issued its annual Market Share Data Reports for both the Property & Casualty Insurance Marketplace, as well as for the Life & Fraternal Insurance Marketplace. As in past iterations, the data offered here reflects a compiled list of market share data based upon filings of countrywide premium submitted to the NAIC from Property & Casualty insurers as reported on the State Page of the NAIC’s annual statement for insurers.

Once collected, the data is then compiled and included in various reports on cumulative market share data for the seven major lines of insurance in the United States: All lines; Private Passenger Personal Auto; Commercial Auto; Workers’ Compensation; Medical Professional Liability; Homeowners’ Multi-Peril; and Other Liability (excluding auto liability).

Key takeaways from this year’s Other Liability Insurers List

With 98.01% of Property and Casualty insurance companies reporting so far, the NAIC reports that industry totals for Direct Premiums Written for all lines of business is approximately $960,802,932,48 and for Direct Premiums Earned $920,418,549,112.

Turning to the Other Liability insurance marketplace, the Industry Tota; amount of Direct Premium Written by the top 25 P&C insurers totalled $120,973,970,220. As for the top 25 Insurers’ market share, their total share represents approximately a 70.19% share of the total marketplace.

As for the top 10 insurers within this cohort, they had a combined total of Direct Written Premiums of $51,786,939,967 representing a Cumulative Market Share of 42.81%. As for New England insurer representation on this list, three of the top 25 insurers hail from our region: Travelers, Liberty Mutual and The Hartford.

The Top 25 P&C Insurers by Countrywide Premium – Other Liability 

Please note the following data is updated on a weekly basis by the NAIC through the month of March. The updated data here reflects the latest data as of March 18, 2024, reflecting an estimated 98.01% of Property/Casualty filings.

RANKGROUP/COMPANY NAMEDIRECT WRITTEN PREMIUMSDIRECT
PREMIUMS
EARNEDDIRECT
LOSS TO
EP RATIOMARKET
SHARE %CUMULATIVE
MARKET
SHARE %1.CHUBB LTD GRP9,244,772,0969,099,724,81363.577.647.642.TRAVELERS GRP5,579,146,9035,419,756,09569.314.6112.253.BERKSHIRE HATHAWAY GRP5,511,906,8805,732,521,53754.144.5616.814.LIBERTY MUT GRP5,032,213,4225,146,328,62469.504.1620.975.FAIRFAX FIN GRP4,895,317,4374,890,501,85960.714.0525.026.WR BERKLEY CORP GRP4,842,327,0904,589,796,72354.694.0029.027.AXA INS GRP4,361,616,7614,469,113,79560.053.6132.628.AMERICAN INTL GRP4,200,830,8864,341,629,20457.043.4736.109.CNA INS GRP4,124,234,8714,071,667,26854.383.4139.5110.MARKEL CORP GRP3,994,573,6213,890,061,54367.923.3042.8111.HARTFORD FIRE & CAS GRP3,347,414,3923,252,414,74354.032.7745.5812.ZURICH INS GRP3,308,447,7143,249,672,49482.862.7348.3113.NATIONWIDE CORP GRP2,929,808,6393,051,196,86760.462.4250.7314.AMERICAN FINANCIAL GRP2,557,153,9302,528,469,05252.202.1152.8515.TOKIO MARINE HOLDINGS INC GRP2,504,451,9772,540,701,24364.572.0754.9216.SOMPO GRP2,241,849,8902,231,015,41875.181.8556.7717.STARR GRP2,057,729,8071,985,924,723102.671.7058.4718.ARCH INS GRP2,020,583,8971,982,619,95450.111.6760.1419.EVEREST REINS HOLDINGS GRP1,974,590,3221,959,334,73958.901.6361.7720.ASSURANT INC GRP1,967,545,5621,975,382,74764.871.6363.4021.AXIS CAPITAL GRP1,939,409,0111,904,652,51875.631.6065.0022.CINCINNATI FIN GRP1,753,380,5311,726,693,35452.441.4566.4523.ALLIANZ INS GRP1,742,115,2131,668,113,53988.391.4467.8924.SELECTIVE INS GRP1,397,904,9921,314,186,25850.221.1669.0525.STATE FARM GRP1,378,383,1131,310,091,091146.181.1470.19INDUSTRY TOTALS120,973,970,220118,634,023,31862.84100.00100.00

Links to our 2024 NAIC Market Share Reports

For those interested in revisiting or comparing this year’s data with the NAIC Market Share Reports from last year, links to each of those reports are below:

Links to our 2023 NAIC Market Share Reports