Filed Under:Markets, Personal Lines

Here are the top 10 P&C carriers, as ranked by NAIC

State Farm stayed in the No. 1 slot while Liberty Mutual fell from second to fourth. (Photo: iStock)
State Farm stayed in the No. 1 slot while Liberty Mutual fell from second to fourth. (Photo: iStock)

The National Association of Insurance Commissioners has ranked the top 25 property and casualty insurance companies and groups by market share of direct premiums written for 2015.

Direct premiums written among the top 25 providers totaled $588 billion, compared with $569 billion in 2014. The top 10 providers accounted for 45.63% of 2015 direct premiums written.

The names in the top 10 P&C carriers remained the same as 2014, but with generally incremental movement up or down in the rankings. The most notable change was Liberty Mutual’s drop to fourth place from second.

The top four carriers had a market share of 25.4%, almost equal to the market share of 25.2% among the top four during 2014.

State Farm held its No. 1 position again in 2015, with $59.4 billion in direct premiums written, representing a market share of 10.1%. The company topped the 2014 list as well, with a market share of 10.3%.

Continue reading to find out which companies in the Top 10 increased their market share and which fell in the rankings in 2015:

USAA logo


No. 10: United Services Automobile Association Group

2014 Ranking: 10.

Direct Premiums Written, 2015: $16.7 billion.

Direct Premiums Written, 2014: $15.7 billion.

2015 Market Share: 2.85%.

2014 Market Share: 2.76%.

2015 Cumulative Market Share: 45.63%.

AIG logo


No. 9: American International Group

2014 Ranking: 8.

Direct Premiums Written, 2015: $19 billion.

Direct Premiums Written, 2014: $18.7 billion.

2015 Market Share: 3.23%.

2014 Market Share: 3.28%.

2015 Cumulative Market Share: 42.78%.

Farmers Insurance logo


No. 8: Farmers Insurance Group

2014 Ranking: 9.

Direct Premiums Written, 2015: $19 billion.

Direct Premiums Written, 2014: $18.6 billion.

2015 Market Share: 3.24%.

2014 Market Share: 3.27%.

2015 Cumulative Market Share: 39.55%.

Nationwide Insurance logo


No. 7: Nationwide Corp. Group

2014 Ranking: 6.

Direct Premiums Written, 2015: $19.6 billion.

Direct Premiums Written, 2014: $18.9 billion.

2015 Market Share: 3.33%.

2014 Market Share: 3.33%.

2015 Cumulative Market Share: 36.31%

Progressive Insurance logo


No. 6: Progressive Group

2014 Ranking: 7.

Direct Premiums Written, 2015: $21.3 billion.

Direct Premiums Written, 2014: $18.9 billion.

2015 Market Share: 3.63%.

2014 Market Share: 3.32%.

2015 Cumulative Market Share: 32.98%.

Travelers Insurance logo


No. 5: Travelers Group

2014 Ranking: 5.

Direct Premiums Written, 2015: $23.2 billion.

Direct Premiums Written, 2014: $22.8 billion.

2015 Market Share: 3.95%.

2014 Market Share: 4%.

2015 Cumulative Market Share: 29.35%.

Liberty Mutual Insurance logo


No. 4: Liberty Mutual Group

2014 Ranking: 2.

Direct Premiums Written, 2015: $29.8 billion.

Direct Premiums Written, 2014: $29.4 billion.

2015 Market Share: 5.08%.

2014 Market Share: 5.16%.

2015 Cumulative Market Share: 25.40%.

Berkshire Hathaway

No. 3: Berkshire Hathaway Group

2014 Ranking: 4.

Direct Premiums Written, 2015: $29.9 billion.

Direct Premiums Written, 2014: $26.4 billion.

2015 Market Share: 5.09%.

2014 Market Share: 4.64%.

2015 Cumulative Market Share: 20.32%.

Allstate Insurance logo


No. 2: Allstate Insurance Group

2014 Ranking: 3.

Direct Premiums Written, 2015: $30.1 billion.

Direct Premiums Written, 2014: $28.9 billion.

2015 Market Share: 5.13%.

2014 Market Share: 5.08%.

2015 Cumulative Market Share: 15.23%.

State Farm Insurance logo


No. 1: State Farm Group

2014 Ranking: 1.

Direct Premiums Written, 2015: $59.4 billion.

Direct Premiums Written, 2014: $58.5 billion.

2015 Market Share: 10.10%.

2014 Market Share: 10.28%.

2015 Cumulative Market Share: 10.10%.

Related: 9 P&C firms named to Fortune's 'Most Admired' list

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