In NU's annual rankings, based on data from SNL Financial, the average combined ratio among the top 100 insurance groups fell year-over-year to a respectable 96.64—a 6.37 improvement over last year's numbers.
In group results, all boasted better combined ratios (at an average of 6.37 points of improvement among the top 100 and 5.59 among the top 10), but it was AIG—which some would argue had the biggest room for improvement among the most successful groups in the top 10—that saw the greatest improvement among the biggest players, shaving off 16.15 points to a more competitive 101.27.
The top 100 groups showed average growth in NPW of 4.3%, to a total of $422.4 billion; that average growth drops to 3.7% among the top 5 groups (State Farm, Berkshire Hathaway, Allstate, Liberty Mutual and Travelers, respectively), which still represent a sizable portion (roughly 37%) of the NPW among the top 100 insurance groups.
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