Here are NU's Top 100 P&C companies, ranked by net premiums written and based on data from SNL Financial. State Farm Mutual Automobile Ins. continues to lead the pack at $35.2 billion in NPW, followed by Allstate Insurance Co. at $25.1 billion, State Farm Fire & Casualty Co. at $15.3 billion and Nationwide Mutual Insurance Co. $14.6 billion. That top four is unchanged from 2012. Liberty Mutual Insurance Co. placed No. 5, switching places with Government Employees Ins. Co., which dropped to No. 6.
Farmers Insurance Exchange moved from No. 8 in 2012 to No. 7 in 2013. Chubb’s Federal Insurance Co. also gained a spot to rank No. 8, as did CNA Financial Corp.’s Continental Casualty company, which improved to No. 9.
USAA’s United Services Automobile broke into the top 10, moving up a spot from No. 11 to No. 10. Berkshire Hathaway’s National Indemnity was the only company to fall out of the top 10, dropping seven spots to place No. 14.
The top movers on the company list include two Liberty Mutual subsidiaries, Peerless Ins. Co. (which moved up the list from No. 33 to No. 12), and Employers Ins. Co. of Wausau (Wisc.), which moved up to No. 38 from No. 75. This can be attributed to Liberty Mutual’s termination of the longstanding Peerless Insurance Pool, after which the pool’s participants were added to the Liberty Pool, led by Liberty Mutual Insurance Co. Under the terms of the pooling agreement, effective Jan. 1. 2013, Peerless Ins. Co. and Employers Ins. Co. of Wausau (Wisc.) receive pooling percentages of 20% and 8%, respectively, driving the companies’ changes in rank year over year.
Berkley Insurance Co. moved up a no-less-impressive 32 slots to No. 13 from No. 45, due in part to a large intercompany pooling arrangement introduced back on Jan. 1, 2013 in which previous insurer groups including Berkley Insurance Group, Berkley Regional Group, Admiral Group and Nautilus Group were collapsed and essentially all of Berkley’s U.S. subsidiaries were combined into one large pool.
Among the biggest combined-ratio improvers in NU's Top 100 Companies, ranked by net premiums written: Liberty Mutual Ins. Co., whose combined ratio fell more than 18 points to 102.20; State Farm Fire & Casualty Co., which improved more than 14 points to 90.57; and Chubb-owned Federal Insurance Co., which boasted a combined ratio of 82.70 after a 12.88-point improvement year-over-year.
Click on the chart image below for a closer look.
NEXT: Check out our list of the Top 100 Companies: Q1 Comparisons ranked by net premiums written, here.
Note: The Top 100 groups are ranked based on net premiums written only for U.S.-based parent companies and their U.S.-domiciled subsidiaries. Premiums written by subsidiaries based outside the U.S. are not included in the net premiums written totals.