Property and casualty insurance

20 insurance companies with the highest P&C market share

April 23, 2024 5:30 AM

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The top five insurance companies in the ranking have an average P&C market share of 6.50% as of December 31, 2023.

The combined direct premiums written by the top five was more than $312 billion.

Scroll through to see which insurance companies are in the top 20 and how they fared through the end of December 2023.

Source: National Association of Insurance Commissioners

Chart of insurance companies with the largest P&C market share where Erie Insurance ranked 19th with a market share of 1.05%, tied with Berkley.jpg

Erie Insurance ranked 19th with a market share of 1.05%, tied with Berkley.

Chart of insurance companies with the largest P&C market share where Berkley ranked 19th with a market share of 1.05%, tied with Erie Insurance.jpg

Berkley ranked 19th with a market share of 1.05%, tied with Erie Insurance.

Chart of insurance companies with the largest P&C market share where Fairfax Financial ranked 18th with a market share of 1.18%.jpg

Fairfax Financial ranked 18th with a market share of 1.18%.

Chart of insurance companies with the largest P&C market share where Tokio Marine ranked 17th with a market share of 1.24%.jpg

Tokio Marine ranked 17th with a market share of 1.24%.

Chart of insurance companies with the largest P&C market share where Auto-Owners Insurance ranked 16th with a market share of 1.36%.jpg

Auto-Owners Insurance ranked 16th with a market share of 1.36%.

Chart of insurance companies with the largest P&C market share where CNA ranked 15th with a market share of 1.43%.jpg

CNA ranked 15th with a market share of 1.43%.

Chart of insurance companies with the largest P&C market share where The Hartford ranked 13th with a market share of 1.66%, tied with AIG.jpg

The Hartford ranked 13th with a market share of 1.66%, tied with AIG.

Chart of insurance companies with the largest P&C market share where AIG ranked 13th with a market share of 1.66%, tied with The Hartford.jpg

AIG ranked 13th with a market share of 1.66%, tied with The Hartford.

Chart of insurance companies with the largest P&C market share where American Family Insurance ranked 12th with a market share of 1.73%.jpg

American Family Insurance ranked 12th with a market share of 1.73%.

Chart of insurance companies with the largest P&C market share where Zurich ranked 11th with a market share of 1.93%.jpg

Zurich ranked 11th with a market share of 1.93%.

Chart of insurance companies with the largest P&C market share where Nationwide ranked 10th with a market share of 2.06%.jpg

Nationwide ranked 10th with a market share of 2.06%.

Chart of insurance companies with the largest P&C market share where Farmers ranked 9th with a market share of 2.83%.jpg

Farmers ranked 9th with a market share of 2.83%.

Chart of insurance companies with the largest P&C market share where Chubb ranked 8th with a market share of 3.30%.jpg

Chubb ranked 8th with a market share of 3.30%.

Chart of insurance companies with the largest P&C market share where USAA ranked 7th with a market share of 3.33%.jpg

USAA ranked 7th with a market share of 3.33%.

Chart of insurance companies with the largest P&C market share where Travelers ranked 6th with a market share of 4.02%.jpg

Travelers ranked 6th with a market share of 4.02%.

Chart of insurance companies with the largest P&C market share where Liberty Mutual ranked 5th with a market share of 4.77%.jpg

Liberty Mutual ranked 5th with a market share of 4.77%.

Chart of insurance companies with the largest P&C market share where Allstate ranked 4th with a market share of 5.21%.jpg

Allstate ranked 4th with a market share of 5.21%.

Chart of insurance companies with the largest P&C market share where Berkshire Hathaway ranked 3rd with a market share of 6.21%.jpg

Berkshire Hathaway ranked 3rd with a market share of 6.21%.

Chart of insurance companies with the largest P&C market share where Progressive ranked 2nd with a market share of 6.53%.jpg

Progressive ranked 2nd with a market share of 6.53%.

Chart of insurance companies with the largest P&C market share where State Farm ranked 1st with a market share of 9.76%.jpg

State Farm ranked 1st with a market share of 9.76%.

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