Independent property & casualty insurance agents and brokersoften work with a variety of home insurers.
|To keep insurance professionals up-to-date on the degree ofmarket concentration of different insurance writers, the National Association ofInsurance Commissioners (NAIC), provides annual market share data.
|The 2016 market share homeowners' report includes countrywidedirect written premium totals for the top 25 groups and companiesas reported on the annual statement for insurers that report to theNAIC. Direct premiums written among the top 25 providerstotaled $91.3 billion in 2016, compared with $89 billion in 2015and $86.7 billion in 2014.
|Related: Here are the top 10 P&C groups in 2016, asranked by NAIC
The top 10 providers accounted for 61.7 percent of 2016 directpremiums written, compared with 61.14 percent of direct premiumswritten in 2015. The top 10 providers remained the same as in2014 and 2015, and in the same order.
|The 2016 top 15 homeowners' companies by premium are as follows,according to the NAIC:
|
15. Progressive
Direct premiums written, 2016: $9.25million.
|Direct premiums earned, 2016: $9.27million.
|Direct loss to EP ratio (Direct lossesincurred/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 individualcompany market shares): 67.74 percent.
|*(Direct losses incurred + Directdefense and cost containment expenses incurred) / (Directpremiums earned)
|
14. American International Group (AIG)
Direct premiums written, 2016: $1.10billion.
|Direct premiums earned, 2016: $1.10billion.
|Direct loss to EP ratio: 52.43.
|Direct loss & DCC to EPratio: 56.13.
|Market share:1.20 percent.
|Cumulative marketshare: 66.72 percent.
|Related: 6 homeowners' policy endorsement agents and brokersneed to know
|
13. Hartford Fire & Casualty
Direct premiums written, 2016: $1.11billion.
|Direct premiums earned, 2016: $1.14billion.
|Direct loss to EP ratio: 54.41.
|Direct loss & DCC to EP ratio:54.78.
|Marketshare: 1.22 percent.
|Cumulative marketshare: 65.53 percent.
|Related: U.S. homeowners' premiums to reach $91B for2016
|
12. Metropolitan
Direct premiums written, 2016: $1.14billion.
|Direct premiums earned, 2016: $1.15billion.
|Direct loss to EP ratio: 60.62.
|Direct loss & DCC to EP ratio:61.30.
|Marketshare: 1.24 percent.
|Cumulative marketshare: 64.31 percent.
|Related: 20 home insurance companies ranked highest forcustomer satisfaction
|
11. Auto Owners
Direct premiums written, 2016: $1.25billion.
|Direct premiums earned, 2016: $1.23billion.
|Direct loss to EP ratio: 47.34.
|Direct loss & DCC to EP ratio:48.76.
|Marketshare: 1.37 percent.
|Cumulative marketshare: 63.06 percent.
|Related: 6 things you need to know about insuring a condo— before buying one
|
10. Erie Insurance
Direct premiums written, 2016: $1.54billion.
|Direct premiums earned, 2016: $1.51billion.
|Direct loss to EP ratio: 46.54.
|Direct loss & DCC to EP ratio:48.60.
|Market share: 1.69 percent.
|Cumulative marketshare: 61.70 percent.
|Related: 10 best and worst cities for first-time home buyersin 2016
|
9. Chubb
Direct premiums written, 2016: $2.71billion.
|Direct premiums earned, 2016: $2.62billion.
|Direct loss to EP ratio: 53.15.
|Direct loss & DCC to EP ratio:54.38.
|Marketshare: 2.96 percent.
|Cumulative marketshare: 60.01 percent.
|Related: My homeowners' policy covers that?
|
8. American Family Insurance
Direct premiums written, 2016: $2.86billion.
|Direct premiums earned, 2016: $2.70billion.
|Direct loss to EP ratio: 48.36.
|Direct loss & DCC to EP ratio:48.78.
|Marketshare: 3.13 percent.
|Cumulative marketshare: 57.06 percent.
|Related: Harris Poll names top auto and home insurancebrands for 2016
|
7. Nationwide
Direct premiums written, 2016: $3.31billion.
|Direct premiums earned, 2016: $3.32billion.
|Direct loss to EP ratio: 57.61.
|Direct loss & DCC to EP ratio:58.93.
|Marketshare: 3.61 percent.
|Cumulative marketshare: 53.93 percent.
|Related: Does a homeowners' policy cover aboathouse?
|
6. Travelers
Direct premiums written, 2016: $3.40billion.
|Direct premiums earned, 2016: $3.35billion.
|Direct loss to EP ratio: 45.67.
|Direct loss & DCC to EP ratio:47.37.
|Marketshare: 3.71 percent.
|Cumulative marketshare: 50.31 percent.
|Related: These 10 states have the lowest homeowners'premiums
|
5. USAA
Direct premiums written, 2016: $5.34billion.
|Direct premiums earned, 2016: $5.13billion.
|Direct loss to EP ratio: 69.37.
|Direct loss & DCC to EP ratio:69.77.
|Marketshare: 5.85 percent.
|Cumulative marketshare: 46.60 percent.
|Related: Top states where homes take a beating from Springstorms
|
4. Farmers Insurance
Direct premiums written, 2016: $5.52billion.
|Direct premiums earned, 2016: $5.42billion.
|Direct loss to EP ratio: 53.84.
|Direct loss & DCC to EP ratio:54.97.
|Marketshare: 6.04 percent.
|Cumulative marketshare: 40.75 percent.
|Related: These 10 states have the highest homeowners'premiums
|
3. Liberty Mutual
Direct premiums written, 2016: $6.16billion.
|Direct premiums earned, 2016: $6.09billion.
|Direct loss to EP ratio: 51.58.
|Direct loss & DCC to EP ratio:53.02.
|Marketshare: 6.75 percent.
|Cumulative marketshare: 34.71 percent.
|Related: Getting into the habit of offering floodinsurance
|
2. Allstate
Direct premiums written, 2016: $7.90billion.
|Direct premiums earned, 2016: $7.91billion.
|Direct loss to EP ratio: 49.98.
|Direct loss & DCC to EP ratio:51.73.
|Marketshare: 8.66 percent.
|Cumulative marketshare: 27.96 percent.
|Related: Home, sweet home: Homeowners' insurance by thenumbers
|
1. State Farm
Direct premiums written, 2016: $17.61billion.
|Direct premiums earned, 2016: $17.72billion.
|Direct loss to EP ratio: 54.20.
|Direct loss & DCC to EP ratio:55.57.
|Marketshare: 19.30 percent.
|Cumulative marketshare: 19.30 percent.
|Related: 7 homeowners trends for 2017
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