Which property & casualty insurers consistently rank among the top in the industry?
Several large national insurers probably come to mind immediately, such as State Farm, Liberty Mutual, and Progressive. But how do they compare to one another year-over-year?
According to annual market share reports from the National Association of Insurance Commissioners (NAIC), the top five P&C insurers across all lines of business remained unchanged from 2016 to 2019. But, in 2015, there was another insurer amongst the top five. Also, consider how several of the largest U.S. P&C insurers acquired more market share in recent years as others experienced reduced market footprint and premium business.
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