Top 25 U.S. Other Liability Insurers | NAIC 2023 Market Share Report

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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 the past, 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.

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).

Market Share by Line of Business

NAIC Data as of March 27 2023 Chart by Agency Checklists

Key Points from This Year’s Report:

With 97.92% of property and casualty insurance companies reporting so far, direct premiums written for all lines of business are $869,982,560,322.

The Top 10 property and casualty companies reporting so far have a cumulative market share of 67.07%.

Total private passenger auto insurance has the largest amount of direct premiums written reported as of March 20, 2023, at $277,035,816,966.

The Other Liability Marketplace

The Direct Premiums for the Other Liability insurance marketplace totalled $119,125,341,425, while Total Premiums Earned was $114,276,251,454, making it the fourth-largest insurance marketplace in the U.S.

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Chubb is the largest insurer in this marketplace with $8,966,084,672 in Direct Premiums Written representing an 7.53% market share.

The top three Other Liability insurers in the U.S are : Chubb, Berkshire Hathaway, and Liberty Mutual. Together they have a cumulative market share of 17.20%.

The top five P&C insurers which includes Travelers and Fairfax, in addition to the above top three, have a cumulative market share of 25.85%, while the top ten claim just under half of the marketplace with a cumulative market share of 43.72%.

With respect to the top 25 Property & Casualty Insurers All Lines, the total market share of this group is 72.29%

Liberty Mutual is the only Massachusetts-based insurer listed in this group. As for other New England-based insurers

The Top 25 Other Liability Insurers

RANKGROUP/COMPANY NAMEDIRECT
PREMIUMS
WRITTEN ($)DIRECT
PREMIUMS
EARNED ($)DIRECT
LOSS TO
EP RATIO¹MARKET
SHARE %CUMULATIVE
MARKET
SHARE % Agency Checklists MA Insurance News Mass Insurance News Chubb Mass insurance companies1.CHUBB LTD GRP8,966,084,6728,764,766,80357.677.537.53 Top Insurer in the US Insurance News Massachusetts and US Market Share2.BERKSHIRE HATHAWAY GRP6,039,027,4235,849,246,77459.535.0712.60 Top Insurer in the US Insurance News Massachusetts and US Market Share3.LIBERTY MUT GRP5,484,513,7475,346,247,13075.154.6017.20 Agency Checklists MA Insurance News Mass Insurance News Travelers4.TRAVELERS GRP5,197,486,0224,989,146,57159.814.3621.56 Top Insurer in the US Insurance News Massachusetts and US Market Share5.FAIRFAX FIN GRP5,106,195,4544,844,101,53252.444.2925.85Top Insurer in the US Insurance News Massachusetts and US Market Share6.AXA INS GRP4,516,115,7384,754,607,44968.383.7929.64 Top Insurer in the US Insurance News Massachusetts and US Market Share7.WR BERKLEY CORP GRP4,495,415,7424,302,870,38350.213.7733.41 Insurance News Massachusetts and US Market Share8.ASSURANT INC GRP4,170,144,3713,959,036,64864.403.5036.91 9.AMERICAN INTL GRP4,146,501,6294,262,286,54072.823.4840.40Top Insurer in the US Insurance News Massachusetts and US Market Share10.CNA INS GRP3,961,693,2893,751,902,81053.883.3343.72Top Insurer in the US Insurance News Massachusetts and US Market Share11.MARKEL CORP GRP3,820,196,5853,571,788,70153.743.2146.93Zurich Insurance Group12.ZURICH INS GRP3,222,271,1893,140,644,960110.082.7049.63The logo of The Hartford Financial Group showing an elk with a rack of horns13.HARTFORD FIRE & CAS GRP3,162,700,0123,013,833,81063.672.6552.29 Insurance News Massachusetts and US Market Share14.NATIONWIDE CORP GRP3,155,437,6753,071,232,42750.002.6554.94 Top Insurer in the US Insurance News Massachusetts and US Market Share15.AMERICAN FINANCIAL GRP2,501,260,3852,448,563,92352.292.1057.04Agency Checklists MA Insurance Gorup Mass Insurance Group Tokio Marine Tokio Marine Massachusetts16.TOKIO MARINE HOLDINGS INC GRP2,469,795,3862,492,442,32769.552.0759.11Agency Checklists list of top 25 insurers other liability in US17.SOMPO GRP2,177,525,9702,113,786,22454.561.8360.94 Top Insurers in the United States18.EVEREST REINS HOLDINGS GRP2,007,063,7311,899,630,00762.781.6862.62 Top Insurers in the United States19.ARCH INS GRP1,943,982,0581,829,206,04649.271.6364.25 Top Insurers in the United States20.STARR GRP1,933,055,0231,797,362,80376.661.6265.88 21.AXIS CAPITAL GRP1,911,562,6251,861,995,28161.341.6067.4822.CINCINNATI FIN GRP1,680,515,6331,623,748,66855.821.4168.89 TOP US PC Insurers List on Agency Checklists23.ALLIANZ INS GRP1,581,201,7561,549,415,39361.661.3370.2224.STATE FARM GRP1,240,610,8001,192,693,07997.011.0471.26Top Insurers in the United States25.SELECTIVE INS GRP1,220,493,9091,153,337,95347.691.0272.29INDUSTRY TOTAL119,125,341,425114,276,251,45460.54100.00100.00

Links to our 2023 NAIC Market Share Reports

Links to our 2022 NAIC Market Share Reports

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