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Top 15 property/casualty insurance companies in the US

 Top 15 property/casualty insurance companies in the US

The country's main 15 property or loss insurance organizations guarantee just about 66% of the complete market.

Top 15 property/casualty insurance companies in the US

State Farm Group is indeed the biggest property/setback insurance organization in the US, addressing 9.27% of the market and composing $65.6 billion in direct charges.

Almost $20 billion more than its closest rival, Berkshire Hathaway ($46.1 billion), the name behind GEICO.

Freedom Mutual, Allstate, and Progressive moved their piece of the overall industry contrasted with 2017, with Progressive driving the threesome with a portion of 5.54%. 

Further down the best 10 rankings, Chubb dropped from seven to eight, regardless of its direct charges composed expanding from $21.2 billion out of 2017 to $23.3 billion out of 2019. 

As indicated by the Insurance Information Institute (III), US insurance industry net expenses composed added up to $1.32 trillion out of 2019, with charges recorded by life/wellbeing back up plans representing 52%, and charges by property/loss safety net providers representing 48%, as per S&P Global Market Intelligence. 

P/C insurance incorporates auto, mortgage holders and business insurance.

Net expenses composed for the area added up to $637.7 billion of every 2019. In the interim, the life/annuity insurance area incorporates annuities, mishap and wellbeing, and extra security with net charges for the area adding up to $678.7 billion out of 2019.

The two figures are taken from the Insurance Information Institute. 

The US insurance industry utilized 2.8 million individuals in 2019, as per the US Department of Labor. Of those, 1.6 million worked for insurance organizations, including life and wellbeing guarantors (923,000 specialists), P/C back up plans (647,000 laborers), and reinsurers (28,500 laborers).

The excess 1.2 million individuals worked for insurance offices, specialists, and other insurance-related ventures.

List of Top 15 Property and Casualty Insurance Companies in the US...

1. State Farm
Direct Premiums Written: $65.6 billion
Market Share: 9.27%

2. Berkshire Hathaway
Direct Premiums Written: $46.1 billion
Market Share: 6.51%

3. Progressive Group
Direct Premiums Written: $39.2 billion
Market Share: 5.54%

4. Liberty Mutual
Direct Premiums Written: $35.6 billion
Market Share: 5.03%

5. Allstate
Direct Premiums Written: $35 billion
Market Share: 4.95%

6. Travelers Group
Direct Written Premiums: $28 billion
Market Share: 3.96%

7. USAA
Direct Written Premiums: $23.4 billion
Market Share: 3.32%

8. Chubb
Direct Written Premiums: $23.3 billion
Market Share: 3.30%

9. Farmers Insurance
Direct Written Premiums: $20.6 billion
Market Share: 2.92%

10. Nationwide
Direct Written Premiums: $18.4 billion
Market Share: 2.60%

11. AIG
Direct Written Premiums: $14 billion
Market Share: 1.98%

12. Zurich
Direct Written Premiums: $12.8 billion
Market Share: 1.82%

13. The Hartford
Direct Written Premiums: $12.6 billion
Market Share: 1.79%

14. American Family Insurance
Direct Written Premiums: $11.5 billion
Market Share: 1.63%

15. CNA
Direct Written Premiums: $11 billion
Market Share: 1.56%

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