NU’s annual rankings, based on datafrom SNL Financial,offer an overall look at the P&C insurance industry’sperformance in 2014, with intel on net premiums written, percentagegrowth and combined ratios for both companies and groups.

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[Click here to read Part 2 of thisstory]

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Among the biggest gainers in the Top 10 companieswas American FamilyMutual, which posted 19% growth and cracked the Top 10this year (up from No. 15 in 2013’s standings).

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Lexington Insurance Co.’s sharp 62.4%increase in NPW is mostly explained by a one-time combination ofAIG’s non-admitted and admitted capital pools in 2014. Lexington’sshare of that larger combined pool led to the increase in NPWreported, but the carrier also is growing in areas in which it isinvesting, such as in programs and its large limits propertybook—where AIG is bolstering its engineering expertise.

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NationalIndemnity Co., meanwhile, reported 371.7% growth,which is attributed to a loss portfolio transfer and a quota sharewith companies affiliated to parent company Berkshire Hathaway’smotor insurer Geico.

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4.5% average growth

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The average combined ratio among the top 100 insurance groups in2014 increased ever so slightly to 97.09 (from 96.63 in 2013),while averaging 4.5% growth—still a respectable showing but notentirely difficult to achieve, given the lack of major naturalcatastrophes to spur a market shift of real significance.

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The list of Top 10 groups remained nearly the sameyear-over-year, with only Progressive Corp. and AIG trading placesat No. 6 and No. 7, respectively.

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(Click on images to enlarge)

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Top 100 PC Insurance Groups 2015

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Top 100 PC Insurance Companies 2015

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Click here to read Part 2 of thisstory.

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Shawn Moynihan

Shawn Moynihan is Editor-in-Chief of National Underwriter Property & Casualty. A St. John’s University alum, Moynihan has earned 11 Jesse H. Neal Awards, the Pulitzers of the business press; seven Azbee Awards, from the American Society of Business Press Editors; two Folio Awards; and a SABEW award, from the Society of American Business Editors & Writers. Prior to joining ALM, he served as Managing Editor/Online Editor of journalism institution Editor & Publisher, the trade bible of the newspaper industry. Moynihan also has held editorial positions with AOL, Metro New York, and Newhouse Newspapers. He can be reached at [email protected].