The NationalAssociation of Insurance Commissioners has ranked the top 25Workers' Compensation insurance companies and groups by marketshare of direct premiums written for 2015.
|Direct written premiums totaled just shy of $57.2 billion forthe top 25, an increase from 2014's $54.92 billion. The top 25carriers accounted for 69.15% of the total direct premiums written,with the top 10 bringing in 46.23%, or about $26.44 billion. Thetop four carriers represent just under a quarter (23.42%) of totaldirect premiums written.
|The top 10 carriers remained the same as in 2014, but withdifferent rankings.
|PC360 previously covered the top 10 commercial auto carriers for 2015,top 10 personal auto carriers for 2015, top 10 P&C carriers for 2015, andthe top 10 Homeowners' insurance carriers for2015.
|Continue reading to find out which companies ranked in NAIC'slist of top 10 Workers' Compensation companies and groups:
|||10. Old Republic
2014 Ranking: 10.
|Direct Premiums Written, 2015: $1.44billion.
|Direct Premiums Written, 2014: $1.41billion.
|2015 Market Share: 2.53%.
|2014 Market Share: 2.57%.
|2015 Cumulative Market Share: 46.23%.
||9. State Compensation Insurance Fund
2014 Ranking: 9.
|Direct Premiums Written, 2015: $1.64billion.
|Direct Premiums Written, 2014: $1.53billion.
|2015 Market Share: 2.87%.
|2014 Market Share: 2.78%.
|2015 Cumulative Market Share: 43.7%.
|||8. NYSIF, New York State Insurance Fund
2014 Ranking: 7.
|Direct Premiums Written, 2015: $2.44billion.
|Direct Premiums Written, 2014: $2.37billion.
|2015 Market Share: 4.26%.
|2014 Market Share: 4.32%.
|2015 Cumulative Market Share: 40.83%.
|||7. Liberty Mutual
2014 Ranking: 4.
|Direct Premiums Written, 2015: $2.48billion.
|Direct Premiums Written, 2014: $2.66billion.
|2015 Market Share: 4.34%.
|2014 Market Share: 4.84%.
|2015 Cumulative Market Share: 36.57%.
|||6. Berkshire Hathaway
2014 Ranking: 8.
|Direct Premiums Written, 2015: $2.48billion.
|Direct Premiums Written, 2014: $2.14billion.
|2015 Market Share: 4.34%.
|2014 Market Share: 3.90%.
|2015 Cumulative Market Share: 32.24%.
|||5. American International Group
2014 Ranking: 3.
|Direct Premiums Written, 2015: $2.56billion.
|Direct Premiums Written, 2014: $2.71billion.
|2015 Market Share: 4.48%.
|2014 Market Share: 4.93%.
|2015 Cumulative Market Share: 27.9%.
||||
4. AmTrust NGH
2014 Ranking: 6.
|Direct Premiums Written, 2015: $2.74billion.
|Direct Premiums Written, 2014: $2.44billion.
|2015 Market Share: 4.8%.
|2014 Market Share: 4.44%.
|2015 Cumulative Market Share: 23.42%.
|||3. Zurich Insurance
2014 Ranking: 5.
|Direct Premiums Written, 2015: $2.86billion.
|Direct Premiums Written, 2014: $2.60billion.
|2015 Market Share: 5%.
|2014 Market Share: 4.74%.
|2015 Cumulative Market Share: 18.62%.
|||2. Hartford Casualty Insurance Co.
2014 Ranking: 2.
|Direct Premiums Written, 2015: $3.32billion.
|Direct Premiums Written, 2014: $3.21billion.
|2015 Market Share: 5.81%.
|2014 Market Share: 5.85%.
|2015 Cumulative Market Share: 13.62%.
||
1. Travelers
2014 Ranking: 1.
|Direct Premiums Written, 2015: $4.47billion.
|Direct Premiums Written, 2014: $4.32billion.
|2015 Market Share: 7.81%.
|2014 Market Share: 7.87%.
|2015 Cumulative Market Share: 7.81%.
|Related: 4 ways to reduce Workers' Compclaims
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