Direct premiums written in the U.S. private passenger automobile liability market grew 13% to $162 bn. Many leading companies maintained their top 10 positions, according to AM Best. Beinsure Media analyzed the report of the rating agency and selected the most important.
Starting with the Top 25 Insurers, these companies collectively wrote direct premiums amounting to $143.8 bn.
This group experienced a 12% increase in premiums compared to the previous year, commanding an 88% share of the market.
Expanding to the Top 50 Insurers, the direct premiums written increased to $153.7 bn. Similar to the top 25, this segment also saw a 12% growth in premiums. These 50 companies collectively held a 95% market share, slightly higher than the top 25 alone, showing the dominance of these firms in the market.
The adjusted loss ratio for this group remained consistent at 77%, suggesting a uniform risk management and claims handling approach across these additional firms.
Performance of the Top insurers
| TOP | Direct Premiums Written, $ bn | Market Share, % |
| Top 25 | 143.8 | 88 |
| Top 50 | 153.7 | 95 |
| Top 100 | 159.6 | 98 |
| Total Industry | 161.9 | 100 |
When considering the Top 100 Insurers, the direct premiums written reached $159.6 billion, maintaining the 12% increase in premiums. This group encompassed 98% of the market, further emphasizing the concentration of market power within the top 100 companies. The adjusted loss ratio for this group stayed steady at 77%.
Looking at the Total U.S. Private Passenger Auto Liability Insurance Industry, which includes all companies in this sector, the direct premiums written totaled $162 bn. This overall market also experienced a 12% growth in premiums.
State Farm Group led with a 17.5% market share, increasing DPW by 21.5%. Progressive Insurance Group ranked second with a 16% market share and a 22% increase in DPW.
Berkshire Hathaway Insurance, Allstate Insurance Group, and USAA followed, with market shares of 12.3%, 10.7%, and 6.2%, respectively. Liberty Mutual Insurance dropped from sixth to seventh place, experiencing a 5.8% decrease in DPW. Farmers Insurance Group rose to sixth place despite a 0.4% decline in DPW.
Top 50 Private Passenger Auto Liability Insurers by premiums
| Rank | Insurance Company | Direct Premiums Written, $ mn | Adjusted Loss Ratios, % |
| 1 | State Farm Group | 28,359 | 86 |
| 2 | Progressive Ins Group | 25,647 | 67 |
| 3 | Berkshire Hathaway | 19,931 | 73 |
| 4 | Allstate Ins Group | 17,304 | 84 |
| 5 | USAA Group | 9,983 | 76 |
| 6 | Farmers Ins Group | 6,968 | 65 |
| 7 | Liberty Mutual Ins Cos | 6,640 | 77 |
| 8 | Travelers Group | 3,549 | 71 |
| 9 | Amer Family Ins Group | 3,539 | 75 |
| 10 | Auto Club Enterprises | 2,999 | 86 |
| 11 | Nationwide P&C Group | 2,710 | 75 |
| 12 | Erie Ins Group | 1,881 | 90 |
| 13 | Auto-Owners Ins Group | 1,865 | 86 |
| 14 | CSAA Ins Group | 1,850 | 85 |
| 15 | Kemper PC Companies | 1,581 | 101 |
| 16 | Mercury Casualty Group | 1,543 | 71 |
| 17 | Hartford Ins Group | 1,237 | 84 |
| 18 | Sentry Ins Group | 1,002 | 61 |
| 19 | Alfa Ins Group | 827 | 69 |
| 20 | Auto Club Group | 805 | 70 |
| 21 | Amica Mutual Group | 743 | 82 |
| 22 | COUNTRY Financial PC Group | 740 | 71 |
| 23 | MAPFRE North America Group | 712 | 75 |
| 24 | Southern Farm Bureau Cas | 710 | 74 |
| 25 | Shelter Ins Cos | 672 | 75 |
| 26 | NJM Ins Group | 654 | 89 |
| 27 | Redpoint County Mutual | 629 | 86 |
| 28 | Home State Ins Group | 625 | 82 |
| 29 | Hanover Ins Group Prop & Cas | 518 | 78 |
| 30 | Root Ins Group | 470 | 58 |
| 31 | Texas Farm Bureau Ins Group | 463 | 83 |
| 32 | Loya Ins Group | 451 | 73 |
| 33 | Old Amer Capital Group | 435 | 80 |
| 34 | North Carolina Farm Bureau | 432 | 71 |
| 35 | TN Farmers Ins Cos | 414 | 80 |
| 36 | Consumers County Mutual | 398 | 85 |
| 37 | Chubb INA Group | 386 | 78 |
| 38 | Cincinnati | 369 | 57 |
| 39 | Markel Ins Group | 354 | 62 |
| 40 | Plymouth Rock | 339 | 69 |
| 41 | Palisades Group | 332 | 73 |
| 42 | KY Farm Bureau Group | 332 | 85 |
| 43 | BAMR US PC Group | 326 | 73 |
| 44 | Safeway Ins Group | 309 | 69 |
| 45 | First Acceptance Ins Group | 308 | 57 |
| 46 | Farm Bureau P&C Group | 294 | 94 |
| 47 | Grange Ins Pool | 294 | 66 |
| 48 | Safety Group | 270 | 73 |
| 49 | Arbella Ins Group | 265 | 73 |
| 50 | Aspire Gen | 249 | 56 |
This uniformity in the growth rate of premiums and stability in the adjusted loss ratios across different segments underscores a robust and steady industry performance.
The consistent loss ratio of 77% across all categories highlights effective risk management and claims processing practices, contributing to the financial health and operational stability of the U.S. Private Passenger Auto Liability Insurance market.
FAQ
The total DPW in the U.S. private passenger auto liability market reached $162 bn, showing a 13% growth.
The Top 25 Insurers wrote $143.8 bn in DPW, representing an 88% market share and a 12% year-over-year increase in premiums.
The Top 50 Insurers generated $153.7 bn in DPW, holding a 95% market share and also reporting a 12% growth in premiums.
The adjusted loss ratio remained steady at 77% for the top 25, 50, and 100 insurers, indicating consistent risk management and claims handling practices across the industry.
State Farm Group leads with a 17.5% market share, followed by Progressive Insurance Group at 16%. Berkshire Hathaway, Allstate, and USAA round out the top five insurers.
Liberty Mutual dropped from sixth to seventh place with a 5.8% decrease in DPW, while Farmers Insurance Group rose to sixth despite a 0.4% decline.
The industry experienced uniform growth in DPW at 12% across different insurer segments, supported by stable loss ratios, highlighting a strong, steady market performance.
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Edited & Fact-checked by Oleg Parashchak – CEO Finance Media & Editor-in-Chief at Beinsure Media and Insurance TOP Ratings (23+ years of professional experience in Rankings, Insurance & Media) by AM Best Data.
