Contents
- Cover
- Editors Desk: US Private Passenger Auto and Caribbean Insurers
- Contents: Auto Insurance and Bests Rankings Auto
- Contents: Life Insurance and Catastrophes
- Bests Calendar and Executive Changes
- Executive Changes: Appointments and Retirements
- Web Traffic and Masthead Forestay
- At Large: Mergers Acquisitions and Global Market Trends
- Risk Adviser: Hard Market and Inflation and Loss Costs
- Risk Adviser: Artificial Intelligence and Imperfections
- Issues and Answers: Data and Fairness
- Issues and Answers: Data Fairness and Regulatory Trends
- Life Insurance: Death Benefits Paid and Long-Term Trends
- Life insurance and Auto Insurance
- Auto Insurance and Underwriting Profitability
- Auto Insurance: California Company and Rate Success
- Distracted Driving: Commercial Vehicles and Claims Frequency Severity
- Bests Rankings: US Commercial and US Auto Liability Writers
- Bests Rankings: US Auto Physical Damage and Private Passenger No-Fault
- Bests Rankings: Commercial Auto No-Fault and Other Commercial Auto Liability
- Bests Rankings: US Auto Physical Damage By State Canada US Territories
- Bests Rankings: US Total All Auto Lines By State Canada US Territories
- Bests Rankings: US Commercial Auto By State Canada US Territories
- Catastrophes: Modelers Loss Estimates and Long-Term Effects
- Catastrophes and Bests Rankings Largest Caribbean Insurers
- Bests Rankings: LH Asset Distribution and Captive Insurers
- Bests Rankings Directors and Officers and What AM Best Says
- What AM Best Says and Underwriting and Loss Control
- Underwriting and Loss Control and State Rate Filings
- State Rate Filings and West Virginia Workers Compensation
- Book Store: Microinsurance and the Philippines
- Preferred Podcasters: Washington State and Insurance Focused Podcasts
- Preferred Publishers and Global Insurance News
- Trending Bests News and Trending Bests Research
- AM Best Webinars and AM Best TV and Audio
- Bests Credit Rating Actions: Americas Life Health and Property Casualty
- Bests Credit Rating Actions: Americas PC and Europe Middle East and Africa
- Bests Credit Rating Actions: Holding Companies and Financial Strength Ratings
- Bests Credit Rating Actions and Corporate Changes
- Corporate Changes: Mergers and Acquisitions and Name Changes
- Insurance Professional Resources and Masthead Backstay
- Artificial Intelligence: Auto Insurers and Customer Satisfaction
- Back Cover
Distracted Driving on the Rise in
Commercial Vehicles, Propelling
30
Claims Frequency and Severity
Kristina Talkowski, Nationwide’s senior vice president, middle market
commercial, spoke with AM Best Audio about the company’s 2024 driving
behaviors study, which shows the damaging effects of distracted driving.
by John Weber
ew Nationwide research shows commercial
drivers are facing increased distraction and
safety risks on the road, exacerbated by staffing
shortages that are leading to longer hours behind the
wheel and a reduced focus on safety.
Kristina Talkowski, Nationwide’s senior vice
president, middle market commercial, spoke with
AM Best Audio about a company survey on driving
behaviors that shows commercial drivers are facing
increased distractions and safety risks on the road.
Following is an edited transcript of the interview.
What are the statistics when it comes to
distracted driving?
To me, it was pretty staggering when we started
looking into this. The National Highway Traffic
Safety Administration is highlighting that there’s
over 3,000 deaths and almost 290,000 injuries—
definitely a major issue and one that can be
prevented. I think the bigger concern is when you
think about over 3,000 deaths each year.
N
John Weber
is a senior associate editor. He can be reached at
john.weber@ambest.com
.
BEST’S REVIEW
•
OCTOBER
Nationwide’s survey from a statistics perspective
found the problem of distracted driving is really
prevalent across individuals as they drive—but then
also commercial drivers—and this is the first time
we did a stronger focus on commercial driving.
Focusing on those commercial drivers, more than
one-third of them indicated that they sometimes or
often feel distracted behind the wheel, and it seems
as though their colleagues are noticing that, too.
The commercial driving community is on their
phones, they’re driving faster. That evidence of
distracted driving is definitely prevalent among that
commercial driving community as well.
Do we know what’s leading to all the numbers?
Yes, we do. The study did a good job diving into
that. The top culprit is using that GPS navigation
system. That’s about 55% of what drivers are saying
is distracting them. Of course, music, radio, that’s
typically been in our cars. Responding to work text
messages, 36% indicated that, and talking or texting
on a mobile phone was about 27%. If you just take
those newer emerging items that are in our cars—and
I guess it’s not that new, it’s been over 10 years—but
Distracted Driving
that is really a large indicator of
what is causing that distraction.
The other piece that was
really interesting about the
survey was how staffing
shortages are also impacting
that because drivers are working
more, they’re taking more shifts,
they’re working longer hours
and because of that they are
feeling as though they have to
do some of those things while
in the car. They say it’s harder
to meet the deadlines that they
have. They’re reporting 58%
are staying longer hours due
to those staffing shortages, and
then in addition to that, just
in general, individual drivers
are certainly admitting that
they are more distracted and
involved in some of these risky
behaviors as well.
What’s all this distracted
driving doing to accident
rates and insurance rates
and claims?
For a long time in
commercial insurance, the
trends would have been lowering every single year.
The frequency of claims and the safety within the
vehicles was also contributing to lower severity of
claims and what we’ve really seen is with this advent
of distracted driving with specifically the usage of
the text and the phones and GPS within the car
while driving is actually causing both frequency
and then the severity of the claims to go up. Traffic
fatalities in the U.S. have actually risen by 13.5%
since 2019. That’s, again, according to the National
Highway Traffic Safety Administration. The key
contributors that they’re citing for that increase are
speeding and distracted driving.
For us, we’re seeing driving claims increase
as well from this and that’s really resulting in
auto premiums going up and then all from our
perspective with our commercial drivers, with those
premiums going up, utilizing different tools like
deductibles to manage that transfer of risk and that
cost of risk back to the organization.
“Traffic fatalities in the U.S.
have actually risen by 13.5%
since 2019. That’s, again,
according to the National
Highway Traffic Safety
Administration. The key
contributors that they’re
citing for that increase are
speeding and distracted
driving.”
Kristina Talkowski
Nationwide
Is there anything that
can be done to remedy
this situation?
Absolutely, and I think this
is where we get particularly
passionate as an overall risk
management community—I
think with those business
owners recognizing the costs
associated with that. Then
also from their perspective,
understanding—and this
was something I thought was
great out of our survey—that
the drivers are interested in
seeing an improvement in the
amount of safety training that
occurs for them.
We saw within that survey
that our drivers are open
to the idea of telematics
and dash cams and things
that alert them to unsafe
behaviors so that they can
correct that action live.
I think that was a really
encouraging thing that
came out of the survey is the
willingness of the individual
drivers, commercial drivers,
to take greater action and a desire for them to have
their employers get involved in that.
Is the insurance industry doing anything to
help cut back on distracted driving?
We just talked about those individual businesses,
but I agree with you also as an industry, it’s
important for us to get involved in this as well
because protection is such a big priority for what we
do for the greater good of the business community
as well. So, starting with utilizing the expertise,
specifically at Nationwide, we have a wealth of it
in our risk management area. We have expertise in
auto fleet safety, in particular, available to help our
clients. Most carriers do as well.
AM Best Audio
Scan to listen to the interview with
Kristina Talkowski.
BEST’S REVIEW
•
OCTOBER
31
32
Best’s Rankings
Top 25 US Commercial Auto Writers – 2024 Edition
Ranked by 2023 direct premiums written.
($ Thousands)
BEST’S REVIEW
•
OCTOBER
202320222021202320222021
11Pro
g
ressive Ins Grou
p
000780$36,470,97717.015.915.115.368.964.261.158.2
22State Farm Grou
p
00008832,626,42320.714.213.112.585.895.665.834.8
33Berkshire Hathawa
y
Ins00081124,633,2701.710.811.712.272.880.269.141.3
44Allstate Ins Grou
p
00000819,628,9599.38.68.78.482.686.074.239.2
56USAA Grou
p
00408010,670,98719.34.74.34.475.499.781.933.3
65Libert
y
Mutual Ins Cos0000609,572,488-1.44.24.74.877.969.563.820.9
77Farmers Ins Grou
p
0000328,013,533-6.13.54.14.264.465.562.029.4
88Travelers Grou
p
0186746,572,59710.32.92.92.869.665.958.217.0
910Amer Famil
y
Ins Grou
p
0001244,010,05511.11.81.81.872.172.156.824.1
109Nationwide P&C Grou
p
0059873,849,686-10.91.72.12.374.267.162.519.5
1111Auto-Owners Ins Grou
p
0043543,562,98716.71.61.51.591.674.860.627.2
1213Auto Club Enter
p
rises Ins Grou
p
0185153,012,46121.51.31.21.286.794.473.844.4
1314Erie Ins Grou
p
0042832,622,31513.61.11.11.187.687.165.426.1
1416CSAA Ins Grou
p
0184602,528,54122.11.11.00.887.771.952.941.9
1512Kem
p
er PC Com
p
anies0189082,328,158-18.71.01.41.692.770.874.661.0
1615Hartford Ins Grou
p
0000482,322,6388.21.01.01.077.566.559.814.6
1718Sentr
y
Ins Grou
p
0000861,857,78611.50.80.80.865.362.260.849.8
1817Mercur
y
Casualt
y
Grou
p
0181951,854,2767.70.80.80.972.075.160.541.0
1919Old Re
p
ublic Ins Grou
p
0007341,835,12013.30.80.80.882.877.668.629.3
2021Zurich Ins US PC Grou
p
0185491,569,24114.40.70.70.693.374.172.58.5
2120Chubb INA Grou
p
0184981,481,783-2.40.70.70.791.977.265.24.6
2222Auto Club Grou
p
0003121,311,35311.80.60.60.658.3149.263.338.7
2325Amer Intl Grou
p
0185401,105,80817.30.50.50.562.371.672.36.9
2423W. R. Berkle
y
Ins Grou
p
0182521,088,1909.60.50.50.567.865.651.310.8
2526Cincinnati Ins Cos0042941,011,6488.10.40.50.556.460.750.113.6
To
p
25 Writers$185,541,28010.281.081.581.776.678.566.030.7
Total U.S. P/C Industr
y
$229,081,26310.9100.0100.0100.076.177.166.023.7
% of
Company
Premiums
Market Share (%)Adjusted Loss Ratios
2023
Rank
2022
RankCompany / GroupAMB#
2023 Direct
Premiums
Written
% Change in
Premiums
2023
Rank
2022
Rank
Company / GroupAMB#
2023 Direct
Premiums Written
% Change in
Premiums
202320222021202320222021
% of Company
Premiums
11Pro
g
ressive Ins Grou
p
000780$9,716,9274.915.115.4
16.174.268.265.715.5
22Travelers Grou
p
0186743,441,4059.65.45.25.568.861.455.28.9
33Libert
y
Mutual Ins Cos0000602,716,060
15.74.23.93.878.473.764.35.9
44Old Re
p
ublic Ins Grou
p
0007342,502,16411.23.93.73
.779.574.366.540.0
55Zurich Ins US PC Grou
p
0185492,099,05318.63.32.93
.089.372.070.411.3
66Berkshire Hathawa
y
Ins0008111,951,58514.23.02.83.167.758.656.93.3
78Auto-Owners Ins Grou
p
0043541,843,84715.12.92.72
.788.577.460.414.1
812State Farm Grou
p
0000881,674,41138.82.62.01.5101.0110.872.11.8
911W. R. Berkle
y
Ins Grou
p
0182521,362,6199.52.12.12
.066.064.350.913.6
107Nationwide P&C Grou
p
0059871,241,900-24.41.92.73.173.068.463.86.3
1110Chubb INA Grou
p
0184981,240,871-3.81.92.21.994.377.465.93.9
1214Hartford Ins Grou
p
0000481,203,62213.51.91.81.769.767.963.87.5
1316Amer Intl Grou
p
0185401,150,14919.61.81.61.767.175.175.07.2
1415Great Amer P & C Ins Grou
p
0048351,045,6764.01.61.71
.669.757.063.111.4
1519Selective Ins Grou
p
0039261,010,63914.21.61.51
.565.169.666.221.4
1617Fairfax Financial
(
USA
)
Grou
p
0031161,009,7229.01.61.51.372.270.465.48.9
1718Tokio Marine US PC Grou
p
018733976,6749.71.51.51.567.062.264.38.1
1820Sentr
y
Ins Grou
p
000086931,4555.61.51.51.572.266.164.725.0
1922Erie Ins Grou
p
004283891,28813.01.41.31.385.682.065.98.9
2021Cincinnati Ins Cos004294877,528
2.71.41.41.558.264.552.211.8
2124CNA Ins Cos018313874,46424.71.41.21.275.976.377.96.4
229Allstate Ins Grou
p
000008842,197-34.91.32.22.195.6109.782.91.7
2323Acuit
y
, A Mutual Ins Co000468810,5649.
91.31.21.356.767.655.731.3
2425Federated Mutual Grou
p
004284733,64414.41.11.11.1
63.960.558.128.8
2530Arch Ins Grou
p
018484686,39826.71.10.90.9
73.366.769.410.6
To
p
25 Writers$42,834,8626.466.
567.067.375.671.165.07.6
Total U.S. P/C Industr
y
$64,378,1057.1100.0100.0
100.074.070.264.06.7
Market Share (%)Adjusted Loss Ratios
Note: Data for some companies in this report has been received from the NAIC.
Reflects Grand Total (includes Canada and U.S. Territories).
Source:
- State/Line (P/C Lines) - P/C, U.S.; data as of July 15, 2024.
Best’s Rankings
Top 25 US Auto Liability Writers – 2024 Edition
Ranked by 2023 direct premiums written.
($ Thousands)
Note: Data for some companies in this report has been received from the NAIC.
Reflects Grand Total (includes Canada and U.S. Territories).
Source:
- State/Line (P/C Lines) - P/C, U.S.; data as of July 15, 2024.
Best’s Rankings: Auto
CUSTOMIZE
DATA EXPERIENCE
YOUR
NEW:
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® now offers an
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intelligence in a fast, user-friendly interface featuring interactive tables, charts and sparkline
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CELEBRATING
125
YEARS
23.BLINK033
34
Best’s Rankings
Top 25 US Auto Physical Damage Writers – 2024 Edition
Ranked by 2023 direct premiums written.
($ Thousands)
BEST’S REVIEW
•
OCTOBER
202320222021202320222021
11State Farm Grou
p
000088$27,022,25929.617.615.915.083.594.282.634.4
22Pro
g
ressive Ins Grou
p
00078021,501,82426.314.013.012.372.078.078.041.1
33Berkshire Hathawa
y
Ins00081116,284,0774.210.611.912.775.692.282.228.6
44Allstate Ins Grou
p
00000814,061,4088.79.29.810.065.172.659.330.9
55USAA Grou
p
0040809,176,93523.06.05.75.985.389.271.934.2
66Libert
y
Mutual Ins Cos0000606,456,4081.84.24.85.064.172.958.114.3
77Farmers Ins Grou
p
0000325,811,54711.13.84.04.268.573.663.622.0
88Travelers Grou
p
0186743,447,75514.32.32.32.369.875.659.610.0
910Amer Famil
y
Ins Grou
p
0001243,078,92922.42.01.91.976.981.569.021.9
109Nationwide P&C Grou
p
0059872,805,972-0.81.82.22.374.276.964.213.8
1113Auto-Owners Ins Grou
p
0043542,531,14222.51.71.61.674.880.264.123.0
1211Erie Ins Grou
p
0042832,509,21920.91.61.61.689.690.671.629.2
1312Auto Club Enter
p
rises Ins Grou
p
0185152,455,69518.71.61.61.676.681.770.743.3
1414CSAA Ins Grou
p
0184601,968,97129.81.31.21.176.669.661.839.6
1516Mercur
y
Casualt
y
Grou
p
0181951,310,73716.40.90.90.971.476.058.932.7
1615Kem
p
er PC Com
p
anies0189081,249,473-8.90.81.01.269.682.279.527.6
1717Hartford Ins Grou
p
0000481,007,36812.70.70.70.775.273.256.66.8
1819Auto Club Grou
p
000312979,33822.50.60.60.680.988.668.533.3
1918Markel Ins Grou
p
018468943,7117.30.60.70.562.859.043.911.4
2020Hanover Ins Grou
p
Pro
p
& Cas Cos004861837,56113.10.60.60.673.176.556.214.1
2121MAPFRE North America Grou
p
018801756,39910.30.50.50.561.473.656.932.0
2224Cincinnati Ins Cos004294681,08517.80.40.40.462.770.655.310.1
2327Shelter Ins Cos000598679,95018.50.40.40.478.281.172.532.0
2422Old Re
p
ublic Ins Grou
p
000734667,0446.00.40.50.470.565.559.911.6
2525COUNTRY Financial PC Grou
p
000302646,60812.10.40.40.571.470.661.122.7
Top 25 Writers
$128,871,41516.783.984.0
84.275.082.671.726.2
Total U.S. P/C Industr
y
$153,543,98116.8100.0100.0100.074.281.070.417.5
% of
Company
Premiums
Market Share (%)Adjusted Loss Ratios
2023
Rank
2022
RankCompany / GroupAMB#
2023 Direct
Premiums
Written
% Change i
n
Premiums
Note: Data for some companies in this report has been received from the NAIC.
Reflects Grand Total (includes Canada and U.S. Territories).
Source:
- State/Line (P/C Lines) - P/C, U.S.; data as of July 15, 2024.
Best’s Rankings
Top 25 US Private Passenger Auto Writers – 2024 Edition
Ranked by 2023 direct premiums written.
($ Thousands)
202320222021202320222021
11State Farm Grou
p
000088$57,974,27024.218.216.8
15.984.394.772.961.8
22Pro
g
ressive Ins Grou
p
00078048,255,87524.015.214.0
13.769.269.267.076.9
33Berkshire Hathawa
y
Ins00081138,965,7622.212.213.
714.374.286.175.065.4
44Allstate Ins Grou
p
00000832,848,16910.910.310.7
10.474.879.067.365.6
55USAA Grou
p
00408019,847,91621.06.25.96
.079.994.977.462.0
66Libert
y
Mutual Ins Cos00006013,312,836-2
.94.24.95.171.370.361.129.1
77Farmers Ins Grou
p
00003213,221,6874.94.24.54
.866.568.361.148.6
89Amer Famil
y
Ins Grou
p
0001246,790,42316.42.12.12
.175.375.661.240.8
98Travelers Grou
p
0186746,578,94612.72.12.12
.070.273.360.717.0
1011Auto Club Enter
p
rises Ins Grou
p
0185155,468,15620.21.71.61
.682.188.772.480.7
1110Nationwide P&C Grou
p
0059875,413,758-1.71.72.0
2.174.571.863.027.4
1214Auto-Owners Ins Grou
p
0043544,250,28320.91.31.31
.383.076.862.732.4
1313Erie Ins Grou
p
0042834,240,24618.01.31.31
.389.290.268.842.2
1415CSAA Ins Grou
p
0184603,817,54323.91.21.11
.180.769.656.663.2
1512Kem
p
er PC Com
p
anies0189082,950,213-18.20.91.
31.688.175.777.377.3
1616Mercur
y
Casualt
y
Grou
p
0181952,819,0699.60.90.91
.071.575.458.862.3
1718Auto Club Grou
p
0003122,260,13616.10.70.70
.767.9125.765.466.7
1817Hartford Ins Grou
p
0000482,126,3857.40.70.70
.780.768.856.613.3
1919Sentr
y
Ins Grou
p
0000861,561,95514.40.50.50
.561.862.158.441.8
2020MAPFRE North America Grou
p
0188011,446,9056.60.50.50
.569.170.759.056.0
2121Hanover Ins Grou
p
Pro
p
& Cas Cos0048611,443,1497.00
.50.50.575.568.549.523.0
2225Alfa Ins Grou
p
0001061,387,69122.30.40.40
.470.671.262.968.1
2322Amica Mutual Grou
p
0185221,383,04213.40.40.40
.579.083.962.352.0
2423COUNTRY Financial PC Grou
p
0003021,369,04012.60.40.40
.571.567.365.743.4
2526Southern Farm Bureau Casualt
y
Grou
p
0042371,338,55018.70.40.40
.479.683.179.967.1
To
p
25 Writers$281,072,00513.988.3
88.888.975.981.268.852.8
Total U.S. P/C Industr
y
$318,247,13914.5100.0100.0100.
075.680.468.432.9
2023
Rank
Market Share (%)Adjusted Loss Ratios
% Change in
Premiums
% of Company
Premiums
2023 Direct
Premiums Written
AMB#
Company / Group
2022
Rank
Note: Data for some companies in this report has been received from the NAIC.
Reflects Grand Total (includes Canada and U.S. Territories).
Source:
- State/Line (P/C Lines) - P/C, U.S.; data as of July 15, 2024.
Best’s Rankings: Auto
Best’s Rankings
Top 25 US Total Auto Writers – 2024 Edition
Ranked by 2023 direct premiums written.
($ Thousands)
202320222021202320222021
12State Farm Grou
p
000088$59,648,68224.615.614.213.584.895.072.963.6
21Pro
g
ressive Ins Grou
p
00078057,972,80120.315.214.314.170.069.066.892.4
33Berkshire Hathawa
y
Ins00081140,917,3472.710.711.812.474.084.974.268.6
44Allstate Ins Grou
p
00000833,690,3669.08.89.19.075.380.367.967.3
55USAA Grou
p
00408019,847,92321.05.24.95.079.994.977.462.0
66Libert
y
Mutual Ins Cos00006016,028,896-0.14.24.84.972.470.861.635.0
77Farmers Ins Grou
p
00003213,825,0800.43.64.14.266.168.662.650.8
88Travelers Grou
p
01867410,020,35211.72.62.72.669.769.158.726.0
910Amer Famil
y
Ins Grou
p
0001247,088,98315.81.91.81.874.176.061.642.6
109Nationwide P&C Grou
p
0059876,655,658-6.91.72.12.374.271.063.233.7
1111Auto-Owners Ins Grou
p
0043546,094,12919.11.61.51.584.777.062.046.5
1212Auto Club Enter
p
rises Ins Grou
p
0185155,468,15620.21.41.41.482.188.772.480.7
1313Erie Ins Grou
p
0042835,131,53417.11.31.31.388.688.768.351.0
1415CSAA Ins Grou
p
0184604,497,51225.31.21.10.983.070.956.974.4
1514Kem
p
er PC Com
p
anies0189083,577,631-15.50.91.31.484.974.576.293.7
1616Hartford Ins Grou
p
0000483,330,0069.50.90.90.976.868.558.820.9
1717Mercur
y
Casualt
y
Grou
p
0181953,165,01411.10.80.80.971.875.459.969.9
1818Old Re
p
ublic Ins Grou
p
0007342,502,16411.20.70.70.679.574.366.540.0
1919Sentr
y
Ins Grou
p
0000862,493,41111.00.70.70.665.763.760.866.8
2021Auto Club Grou
p
0003122,290,69116.10.60.60.667.8125.165.367.6
2120Chubb INA Grou
p
0184982,127,1451.60.60.60.682.874.960.46.7
2222Zurich Ins US PC Grou
p
0185492,099,05318.60.60.50.589.472.070.511.3
2323Hanover Ins Grou
p
Pro
p
& Cas Cos0048611,843,8136.40.50.50.572.666.950.729.3
2426Cincinnati Ins Cos0042941,692,73411.80.40.50.558.864.452.122.7
2524MAPFRE North America Grou
p
0188011,648,3906.80.40.50.567.370.058.063.8
To
p
25 Writers$313,657,47112.882.082.282.576.080.168.353.5
Total U.S. P/C Industr
y
$382,625,24413.1100.0100.0100.075.478.667.739.6
% of
Company
Premiums
Market Share (%)Adjusted Loss Ratios
2023
Rank
2022
RankCompany / GroupAMB#
2023 Direct
Premiums
Written
% Change in
Premiums
Note: Data for some companies in this report has been received from the NAIC.
Reflects Grand Total (includes Canada and U.S. Territories).
Source:
- State/Line (P/C Lines) - P/C, U.S.; data as of July 15, 2024.
Best’s Rankings
Top 25 Private Passenger No-Fault Writers – 2024 Edition
Ranked by 2023 direct premiums written.
($ Thousands)
202320222021202320222021
12Pro
g
ressive Ins Grou
p
000780$3,282,12913.018.417.217.559.657.162.75.2
21Berkshire Hathawa
y
Ins0008113,139,136-1.817.618.918.971.061.566.25.3
33State Farm Grou
p
0000882,954,9556.416.616.415.469.180.858.13.2
44Allstate Ins Grou
p
0000081,734,3026.29.79.79.153.173.9139.43.5
56USAA Grou
p
004080687,8557.73.93.83.862.295.095.12.1
65Libert
y
Mutual Ins Cos000060671,391-12.53.84.55.066.965.155.01.5
77Farmers Ins Grou
p
000032553,3466.13.13.13.258.270.976.32.0
88Auto Club Grou
p
000312488,5110.52.72.93.239.5265.673.314.4
99Auto-Owners Ins Grou
p
004354379,4501.22.12.22.4106.269.352.32.9
1011Travelers Grou
p
018674312,1959.21.81.71.744.336.349.80.8
1110Kem
p
er PC Com
p
anies018908253,852-15.11.41.81.978.069.4102.16.7
1212Amer Famil
y
Ins Grou
p
000124253,37614.41.41.31.249.859.949.01.5
1315United Automobile Ins Co010781212,95321.81.21.01.063.562.671.753.9
1417Ocean Harbor Ins Com
p
anies018764207,46135.21.20.90.766.079.993.228.2
1513Hanover Ins Grou
p
Pro
p
& Cas Cos004861189,026-3.01.11.21.275.150.111.23.0
1616NJM Ins Grou
p
003985171,2186.11.01.01.084.069.374.97.1
1714Nationwide P&C Grou
p
005987161,400-13.10.91.11.264.8-45.3-4.80.8
1819Erie Ins Grou
p
004283149,68510.50.80.80.854.671.750.11.5
1918Palisades Grou
p
018426137,273-1.60.80.80.967.670.761.813.4
2021Michi
g
an Farm Bureau PC Com
p
anies018942135,40818.90.80.70.778.497.7133.513.7
2120Sentr
y
Ins Grou
p
000086135,34315.30.80.70.643.258.465.13.6
2222Hartford Ins Grou
p
000048102,8453.60.60.60.673.149.745.40.6
2323NYCM Ins Grou
p
01856278,49228.20.40.40.464.457.159.79.1
2428Home State Ins Grou
p
01857057,41038.30.30.30.290.669.782.65.6
2541First Acce
p
tance Ins Grou
p
01860057,299127.90.30.20.161.749.563.712.8
To
p
25 Writers$16,506,3114.892.793.293.164.472.671.23.2
Total U.S. P/C Industr
y
$17,808,6245.4100.0100.0100.064.572.871.21.8
%
o
f
Company
Premiums
Market Share (%)Adjusted Loss Ratios
2023
Rank
2022
Rank
Company/GroupAMB#
2023
Di
rec
t
Premiums
Written
%
Ch
ange
in
Premiums
Note: Data for some companies in this report has been received from the NAIC.
Reflects Grand Total (includes Canada and U.S. Territories).
Source:
- State/Line (P/C Lines) - P/C, U.S.; data as of July 22, 2024.
BEST’S REVIEW
•
OCTOBER
35
36
Best’s Rankings
Top 25 Other Private Passenger Auto Liability – 2024 Edition
Ranked by 2023 direct premiums written.
($ Thousands)
BEST’S REVIEW
•
OCTOBER
Note: Data for some companies in this report has been received from the NAIC.
Reflects Grand Total (includes Canada and U.S. Territories).
Source:
- State/Line (P/C Lines) - P/C, U.S.; data as of July 22, 2024.
202320222021202320222021
11State Farm Group000088$28,359,13621.517.516.315.686.996.766.530.2
22Progressive Ins Group00078025,647,35222.015.814.714.667.363.258.640.9
33Berkshire Hathaway Ins00081119,931,1381.312.313.714.173.284.570.233.4
44Allstate Ins Group00000817,304,55112.810.710.710.184.485.166.434.6
55USAA Group
0040809,983,12720.26.25.85.976.3100.080.831.2
67Farmers Ins Group0000326,968,706-0.44.34.95.165.664.358.225.6
76Liberty Mutual Ins Cos0000606,640,023-5.84.14.95.077.868.263.814.5
88Travelers Group0186743,549,12910.32.22.22.271.771.759.59.2
99Amer Family Ins Group0001243,539,24111.22.22.22.275.171.956.221.3
1011Auto Club Enterprises Ins Group0185152,999,40121.51.91.71.786.894.5
73.844.2
1110Nationwide P&C Group 0059872,710,532-4.61.72.02.175.073.665.713.7
1213Erie Ins Group0042831,881,46815.11.21.11.290.290.367.518.7
1315Auto-Owners Ins Group0043541,865,10221.51.21.11.186.475.063.114.2
1414CSAA Ins Group0184601,850,47216.11.11.11.185.870.852.230.6
1512Kemper PC Companies0189081,581,652-23.41.01.41.8101.672.072.741.4
1616Mercury Casualty Group0181951,543,1784.91.01.01.171.574.458.134.1
1717Hartford Ins Group0000481,237,9665.50.80.80.884.667.858.17.8
1818Sentry Ins Group0000861,002,63414.40.60.60.661.658.155.626.9
1920Alfa Ins Group000106827,66523.10.50.50.469.867.361.040.6
2021Auto Club Group000312805,50519.80.50.50.570.463.955.923.8
2122Amica Mutual Group018522743,88111.20.50.50.582.886.759.728.0
2223COUNTRY Financial PC Group000302740,00313.20.50.50.571.764.870.623.5
2319MAPFRE North America Group018801712,0813.80.40.50.575.568.259.427.5
2424Southern Farm Bureau Casualty Group004237710,22813.20.40.40.474.476.177.235.6
2525Shelter Ins Cos000598672,07812.70.40.40.475.478.874.227.4
Top 25 Writers
$143,806,24912.088.889.589.577.480.265.327.2
Total U.S. P/C Industry
$161,904,52312.9100.0100.0100.077.379.365.316.7
2022
Rank
2023
Rank
% Change in
Premiums
% of
Company
Premiums
Market Share (%)Adjusted Loss Ratios
2023 Direct
Premiums
Written
AMB#
Company/Group
Best’s Rankings
Top 25 Commercial Auto No-Fault Writers – 2024 Edition
Ranked by 2023 direct premiums written.
($ Thousands)
202320222021202320222021
14Lib
erty
M
utua
l
I
ns
C
os
000060$183
,
9
57
289
.
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14
.
383
.
861
.
386
.
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.
4
21P
rogress
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ns
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roup
000
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.
414
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.
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ns
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o
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,
9
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.
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98
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364
.
161
.
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roup
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tate
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roup
0000882
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.
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.
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.
846
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er
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at
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away
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ns
0008112
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ns
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000
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5,7
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ns
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roup
00000822
,
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-
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018
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00
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01846810
,
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939
.
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2223Mi
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ompan
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0189429
,
10014
.
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048
.
0
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.
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2322Ci
nc
i
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I
ns
C
os
0042948
,
0
7
00
.
00
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0
.
91
.
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.
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.
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2420C
ore
S
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ty
I
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0189
75
8
,
0
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.
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1
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32
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14
.
1
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0
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4
2
557
Affi
rmat
i
ve
Di
rect
I
ns
C
o
000226
7,
81
7
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7.
90
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0
.
30
.
6
7
1
.
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.
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.
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.
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op
2
5
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ters
$869
,
09322
.
0
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8
.
2
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1
7
4
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66
.
6
5
0
.75
9
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0
.
2
Total U.S. P/C Industr
y
$1,112,04720.3100.0100.0
100.067.452.957.90.1
% of
Company
Premiums
Market Share (%)Adjusted Loss Ratios
2023
Rank
2022
Rank
Company/GroupAMB#
2023 Direct
Premiums
Written
% Change in
Premiums
Note: Data for some companies in this report has been received from the NAIC.
Reflects Grand Total (includes Canada and U.S. Territories).
Source:
- State/Line (P/C Lines) - P/C, U.S.; data as of July 22, 2024.
Best’s Rankings: Auto
Best’s Rankings
Top 25 Other Commercial Auto Liability – 2024 Edition
Ranked by 2023 direct premiums written.
($ Thousands)
202320222021202320222021
11Progressive Ins Group000780$7,383,6123.815.315.716.678.170.068.511.8
22Travelers Group0186742,671,30110.45.55.35.670.263.057.76.9
33Liberty Mutual Ins Cos0000602,077,11612.64.34.13.981.676.568.04.5
44Old Republic Ins Group0007341,809,40413.43.73.53.883.978.068.928.9
55Zurich Ins US PC Group0185491,538,68314.63.23.03.094.575.574.28.3
66Berkshire Hathaway Ins0008111,537,22915.23.22.93.273.060.958.32.6
79Auto-Owners Ins Group0043541,285,44515.52.72.52.492.977.761.79.8
813State Farm Group0000881,284,64444.82.72.01.4105.3122.373.81.4
98Chubb INA Group0184981,069,463-6.72.22.52.298.080.268.63.4
1011W. R. Berkley Ins Group0182521,053,1528.82.22.12.168.566.051.610.5
1115Amer Intl Group 018540987,42319.02.01.81.963.672.474.96.1
1214Hartford Ins Group000048975,24812.42.01.91.868.766.264.96.1
137Nationwide P&C Group 005987965,869-24.32.02.83.273.469.365.54.9
1416Tokio Marine US PC Group018733772,1088.01.61.61.668.762.468.06.4
1518Fairfax Financial (USA) Group003116763,53312.71.61.51.276.776.773.96.7
1617Great Amer P & C Ins Group004835752,6618.21.61.51.579.758.968.18.2
1720Selective Ins Group003926717,82713.71.51.41.464.668.067.815.2
1819Sentry Ins Group000086716,2227.01.51.51.574.268.468.119.2
1922CNA Ins Cos018313708,50525.51.51.21.274.578.079.25.2
2027CSAA Ins Group018460641,01743.51.31.00.196.394.593.510.6
2121Cincinnati Ins Cos004294615,2572.01.31.31.457.062.951.38.3
2223Erie Ins Group004283577,88510.21.21.21.289.282.463.25.7
2312Allstate Ins Group000008567,683-39.41.22.12.1117.1121.087.81.1
2424Acuity, A Mutual Ins Co000468556,79710.41.21.11.154.670.358.521.5
2529Arch Ins Group018484556,38229.51.21.01.075.569.673.08.6
Top 25 Writers$32,584,4666.167.467.668.279.373.067.65.7
Total U.S. P/C Industry$48,374,9876.5100.0100.0100.076.972.366.55.0
% of
Company
Premiums
Market Share (%)Adjusted Loss Ratios
2023
Rank
2022
RankCompany/GroupAMB#
2023 Direct
Premiums
Written
% Change in
Premiums
Note: Data for some companies in this report has been received from the NAIC.
Reflects Grand Total (includes Canada and U.S. Territories).
Source:
- State/Line (P/C Lines) - P/C, U.S.; data as of July 22, 2024.
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