Independent property & casualty insurance agents and brokers often work with a variety of home insurers.

To keep insurance professionals up-to-date on the degree of market concentration of different insurance writers, the National Association of Insurance Commissioners (NAIC), provides annual market share data.

The 2016 market share homeowners' report includes countrywide direct written premium totals for the top 25 groups and companies as reported on the annual statement for insurers that report to the NAIC. Direct premiums written among the top 25 providers totaled $91.3 billion in 2016, compared with $89 billion in 2015 and $86.7 billion in 2014.

The top 10 providers accounted for 61.7 percent of 2016 direct premiums written, compared with 61.14 percent of direct premiums written in 2015. The top 10 providers remained the same as in 2014 and 2015, and in the same order.

The 2016 top 15 homeowners' companies by premium are as follows, according to the NAIC:

car with Progressive Insurance logo

15. Progressive

Direct premiums written, 2016: $9.25 million.

Direct premiums earned, 2016: $9.27 million.

Direct loss to EP ratio (Direct losses incurred/Direct premiums earned): 49.77.

Direct loss & DCC to EP ratio*: 51.25.

Market share: 1.01 percent.

Cumulative market share (running total of the individual company market shares): 67.74 percent.

*(Direct losses incurred + Direct defense and cost containment expenses incurred) / (Direct premiums earned)

AIG insurance headquarters

14. American International Group (AIG)

Direct premiums written, 2016: $1.10 billion.

Direct premiums earned, 2016: $1.10 billion.

Direct loss to EP ratio: 52.43.

Direct loss & DCC to EP ratio: 56.13.

Market share: 1.20 percent.

Cumulative market share: 66.72 percent.

The Hartford sign

13. Hartford Fire & Casualty

Direct premiums written, 2016: $1.11 billion.

Direct premiums earned, 2016: $1.14 billion.

Direct loss to EP ratio: 54.41.

Direct loss & DCC to EP ratio: 54.78.

Market share: 1.22 percent.

Cumulative market share: 65.53 percent.

12. Metropolitan

Direct premiums written, 2016: $1.14 billion.

Direct premiums earned, 2016: $1.15 billion.

Direct loss to EP ratio: 60.62.

Direct loss & DCC to EP ratio: 61.30.

Market share: 1.24 percent.

Cumulative market share: 64.31 percent.

Auto-Owners Insurance logo

11. Auto Owners

Direct premiums written, 2016: $1.25 billion.

Direct premiums earned, 2016: $1.23 billion.

Direct loss to EP ratio: 47.34.

Direct loss & DCC to EP ratio: 48.76.

Market share: 1.37 percent.

Cumulative market share: 63.06 percent.

10. Erie Insurance

Direct premiums written, 2016: $1.54 billion.

Direct premiums earned, 2016: $1.51 billion.

Direct loss to EP ratio: 46.54.

Direct loss & DCC to EP ratio: 48.60.

Market share: 1.69 percent.

Cumulative market share: 61.70 percent.

9. Chubb

Direct premiums written, 2016: $2.71 billion.

Direct premiums earned, 2016: $2.62 billion.

Direct loss to EP ratio: 53.15.

Direct loss & DCC to EP ratio: 54.38.

Market share: 2.96 percent.

Cumulative market share: 60.01 percent.

8. American Family Insurance

Direct premiums written, 2016: $2.86 billion.

Direct premiums earned, 2016: $2.70 billion.

Direct loss to EP ratio: 48.36.

Direct loss & DCC to EP ratio: 48.78.

Market share: 3.13 percent.

Cumulative market share: 57.06 percent.

7. Nationwide

Direct premiums written, 2016: $3.31 billion.

Direct premiums earned, 2016: $3.32 billion.

Direct loss to EP ratio: 57.61.

Direct loss & DCC to EP ratio: 58.93.

Market share: 3.61 percent.

Cumulative market share: 53.93 percent.

Travelers Plaza

6. Travelers

Direct premiums written, 2016: $3.40 billion.

Direct premiums earned, 2016: $3.35 billion.

Direct loss to EP ratio: 45.67.

Direct loss & DCC to EP ratio: 47.37.

Market share: 3.71 percent.

Cumulative market share: 50.31 percent.

5. USAA

Direct premiums written, 2016: $5.34 billion.

Direct premiums earned, 2016: $5.13 billion.

Direct loss to EP ratio: 69.37.

Direct loss & DCC to EP ratio: 69.77.

Market share: 5.85 percent.

Cumulative market share: 46.60 percent.

Farmers Insurance sign

4. Farmers Insurance

Direct premiums written, 2016: $5.52 billion.

Direct premiums earned, 2016: $5.42 billion.

Direct loss to EP ratio: 53.84.

Direct loss & DCC to EP ratio: 54.97.

Market share: 6.04 percent.

Cumulative market share: 40.75 percent.

Liberty Mutual Insurance Company building

3. Liberty Mutual

Direct premiums written, 2016: $6.16 billion.

Direct premiums earned, 2016: $6.09 billion.

Direct loss to EP ratio: 51.58.

Direct loss & DCC to EP ratio: 53.02.

Market share: 6.75 percent.

Cumulative market share: 34.71 percent.

Allstate building sign

2. Allstate

Direct premiums written, 2016: $7.90 billion.

Direct premiums earned, 2016: $7.91 billion.

Direct loss to EP ratio: 49.98.

Direct loss & DCC to EP ratio: 51.73.

Market share: 8.66 percent.

Cumulative market share: 27.96 percent.

State Farm Insurance sign

1. State Farm

Direct premiums written, 2016: $17.61 billion.

Direct premiums earned, 2016: $17.72 billion.

Direct loss to EP ratio: 54.20.

Direct loss & DCC to EP ratio: 55.57.

Market share: 19.30 percent.

Cumulative market share: 19.30 percent.

Related: 7 homeowners trends for 2017

Special Reports /

Top 15 homeowners' insurance carriers for 2016, as ranked by NAIC

Related Stories

Recommended For You