NAIC 2022 Market Share Report



The National Association of Insurance Commissioners has issued its annual Market Share Data Reports for both the Property & Casualty Insurance Marketplace, as well as for the Life & Fraternal Insurance Marketplace. As in the past, the data offered here reflects a compiled list of market share data based upon filings of countrywide premium submitted to the NAIC from Property & Casualty insurers as reported on the State Page of the NAIC’s annual statement for insurers.

The data is then compiled and included in various reports on cumulative market share data for the seven major lines of insurance in the United States: All Lines; Private Passenger Personal Auto; Commercial Auto; Workers’ Compensation; Medical Professional Liability; Homeowners’ Multi-Peril, and Other Liability (excluding auto liability).


The Private Passenger Auto Insurance Marketplace is the largest line of insurance

With approximately 98.96% of all filings having been submitted to the NAIC as of March 28, 2022, the total amount of Direct Written Premium for the U.S. insurance industry, All Lines, was $794,346,766,779.

Sitting atop the seven major lines of insurance featured in the NAIC Market Share Report is the Private Passenger Auto insurance marketplace, with a total amount of Direct Written Premiums last year of $260,855,445,840. Total Direct Premiums Earned was $257,731,166,520. Both totals saw an increase from the previous year numbers which were $249,495,199,569 and $250,028,700,042, respectively.

Based on these figures, the U.S. Private Passenger insurance marketplace ranks as the largest line of insurance in the U.S.

Turning the attention to market share, the top 25 insurers dominate the private passenger auto insurance marketplace with a cumulative market share of 88.74%, which includes three Massachusetts-based insurers: Liberty Mutual, The Hanover, and MAPFRE. The Top 10 insurers dominate this marketplace even further with a 76.48% cumulative market share. The top three largest auto insurers, State Farm, Berkshire Hathaway, and Progressive, have just under half of the total market with a combined market share of 44.06%


Market Share by Line of Business

A chart ranking the seven major lines of insurance by market share from data collected by the NAIC. The following is the total Direct Written Premium for each of these lines as of March 28, 2022.


The Top 25 Private Passenger Auto Insurers in the U.S.

RANK COMPANY NAME DIRECT PREMIUMS WRITTEN ($) DIRECT PREMIUMS EARNED ($) DIRECT LOSS TO EP RATIO MARKET SHARE (%) CUMULATIVE MARKET SHARE (%)
1. State Farm Group 41,665,754,230 40,762,346,529 72.19 15.98 15.98
Top Insurer in the US, Insurance News Massachusetts and US Market Share 2. Berkshire Hathaway Group 37,422,557,592 36,702,802,445 75.02 14.35 30.33
Insurance News Massachusetts and US Market Share 3. Progressive Group 35,852,921,113 35,095,518,997 66.97 13.75 44.08
Insurance News Massachusetts and US Market Share 4. Allstate Ins. Group 27,221,928,278 27,114,004,76 67.26 10.44 54.51
Top P&C Insurers US 5. USAA Group 15,731,646,068 15,750,713,106 73.57 6.03 60.55
Top Insurer in the US, Insurance News Massachusetts and US Market Share 6. Liberty Mutual Group 12,774,289,952 12,416,811,095 60.83 4.90 65.45
Insurance News Massachusetts and US Market Share 7. Farmers Ins. Group 12,441,182,108 12,430,956,009 61.12 4.77 70.22
Insurance News Massachusetts and US Market Share 8. Nationwide Corp. Group 5,565,737,353 5,616,771,081 63.00 2.13 72.35
Insurance News Massachusetts and US Market Share 9. American Family Ins. Group 5,488,676,661 5,468,412,243 61.16 2.10 74.46
Agency Checklists, MA Insurance News, Mass. Insurance News, Travelers 10. Travelers Group 5,328,114,931 5,205,239,858 60.66 2.04 76.50
Top Insurer in the US, Insurance News Massachusetts and US Market Share 11. Kemper Corp. Group 4,084,493,187 4,014,527,643 77.33 1.57 78.06
Insurance News Massachusetts and US Market Share 12. Auto Club Enterprises Ins. Group 3,724,620,422 3,689,427,876 63.55 1.43 79.49
Insurance News Massachusetts and US Market Share 13. Erie Ins. Group 3,384,615,752 3,382,484,875 68.77 1.30 80.79
Insurance News Massachusetts and US Market Share 14. Auto Owners Group 3,328,108,487 3,315,667,440 62.66 1.28 82.07
Insurance News Massachusetts and US Market Share 15. CSAA Ins. Group 2,905,119,316 2,905,875,533 56.59 1.11 83.18
16. Mercury Gen. Group 2,613,420,137 2,589,120,170 58.78 1.00 84.18
Agency Checklists, MA Insurance News, Mass. Insurance News, The Hartford, Hartford Insurance News 17. Hartford Fire & Cas. Group 1,864,696,499 1,891,067,244 56.64 0.72 84.90
Auto Club Group of MI Top 25 Private Passenger Auto Insurers in US 2020 18. Automobile Club MI Group 1,798,242,315 1,833,791,225 64.85 0.69 85.59
The top 25 Private Passenger Auto Insurers in the U.S. 2020 19. The Hanover Ins. Group 1,264,350,218 1,233,573,842 49.46 0.48 86.07
20. MAPFRE Ins. Group 1,258,058,268 1,298,520,893 59.60 0.48 86.56
Top Insurers in the United States 21. Sentry Ins. Group 1,235,209,587 1,203,392,940 58.35 0.47 87.03
Insurance News Massachusetts and US Market Share 22. Country Ins. & Fin. Serv. Group 1,209,560,632 1,214,326,950 65.74 0.46 87.49
Insurance News Massachusetts and US Market Share 23. Amica Mutual Group 1,173,901,381 1,275,751,572 59.22 0.45 87.94
Top Insurer in the US, Insurance News Massachusetts and US Market Share 24. New Jersey Manufacturers Group 1,070,343,924 1,082,552,986 70.29 0.41 88.35
25. Southern Farm Bureau Cas. Group 1,070,294,201 1,068,802,167 79.89 0.41 88.76
INDUSTRY TOTALS 260,779,893,088 257,660,063,509 68.01 100.00 100.00

Links to our 2022 NAIC Market Share Reports

Links to our 2021 NAIC Market Share Reports

Links to our 2020 NAIC Market Share Reports:

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