Skip to content

NAIC top 25 commercial auto insurance companies of 2021

10. W.R. Berkley Corp.

Direct premiums written in 2021: $1.09 billion

Direct premiums earned in 2021: $978 million

Market shares: 2.06%

(Credit: W.R. Berkley)

9. Allstate Insurance

Direct premiums written in 2021: $1.1 billion

Direct premiums earned in 2021: $1.1 billion

Market share: 2.15%

(Credit: Diego M. Radzinschi/ALM)

8. Self-Owners

Direct premiums written in 2021: $1.4 billion

Direct premiums earned in 2021: $1.3 billion

Market share: 2.69%

(Credit: Auto Owners)

7. Zürich

Direct premiums written in 2021: $1.61 billion

Direct premiums earned in 2021: $1.5 billion

Market share: 3.03%

(Credit: Zürich)

6. Berkshire Hathaway

Direct premiums written in 2021: $1.681 billion

Direct premiums earned in 2021: $1.64 billion

Market share: 3.16%

(Credit: Berkshire Hathaway)

5.Nationwide

Direct premiums written in 2021: $1.683 billion

Direct premiums earned in 2021: $1.682 billion

Market shares: 3.16%

(Credit: Nationwide)

4. Liberty Mutual

Direct premiums written in 2021: $1.7 billion

Direct premiums earned in 2021: $1.7 billion

Market share: 3.20%

(Credit: Liberty Mutual)

3.Old Republic

Direct premiums written in 2021: $2.01 billion

Direct premiums earned in 2021: $2.01 billion

Market share: 3.79%

(Credit: Old Republic)

2. Travelers

Direct premiums written in 2021: $2.9 billion

Direct premiums earned in 2021: $2.9 billion

Market share: 5.58%

(Credit: Travelers)

1.Progressive

Direct premiums written in 2021: $8.3 billion

Direct premiums earned in 2021: $7.2 billion

Market shares: 15.70%

(Credit: Progressive)

During 2021, commercial auto insurance racked up more than $52 billion in direct premiums written, and some $50 billion in direct premium earned, according to data from the National Association of Insurance Commissioners (NAIC).

Overall, commercial insurance prices were up more than 7% during the final quarter of 2021, according to Willis Towers Watson, which reported nearly all commercial lines saw significant price increases during the period.

“The aggregate price increases continue to be strong in the fourth quarter, though for some lines the price increases have tempered to a level similar to 2019,” Yi Jing, director, insurance consulting and technology, WTW, said in a release.

The above slideshow highlights the top 10 commercial auto insurance companies based on 2021 market shareaccording to NAIC data, while the below list reveals the companies that ranked 11-25.

  1. Chub

Direct premiums written in 2021: $1.03 billion

Direct premiums earned in 2021: $1.00 billion

Market shares: 1.94%

  1. The Hartford

Direct premiums written in 2021: $911 million

Direct premiums earned in 2021: $843 million

Market share: 1.71%

  1. AIG

Direct premiums written in 2021: $899 million

Direct premiums earned in 2021: $864 million

Market share: 1.69%

  1. American Financial

Direct premiums written in 2021: $880 million

Direct premiums earned in 2021: $847 million

Market share: 1.65%

  1. StateFarm

Direct premiums written in 2021: $834 million

Direct premiums earned in 2021: $776 million

Market shares: 1.57%

  1. Cincinnati Financial

Direct premiums written in 2021: $813 million

Direct premiums earned in 2021: $792 million

Market share: 1.53%

  1. Farmers Insurance

Direct premiums written in 2021: $806 million

Direct premiums earned in 2021: $757 million

Market share: 1.51%

  1. Tokio Marine Holdings Inc.

Direct premiums written in 2021: $805 million

Direct premiums earned in 2021: $785 million

Market shares: 1.51%

  1. Selective Insurance

Direct premiums written in 2021: $791 million

Direct premiums earned in 2021: $746 million

Market share: 1.49%

  1. Sentry Insurance

Direct premiums written in 2021: $785 million

Direct premiums earned in 2021: $726 million

Market share: 1.47%

  1. Erie Insurance

Direct premiums written in 2021: $726 million

Direct premiums earned in 2021: $707 million

Market share: 1.36%

  1. Markel Corp.

Direct premiums written in 2021: $698 million

Direct premiums earned in 2021: $683 million

Market share: 1.31%

  1. Fairfax Finance

Direct premiums written in 2021: $689 million

Direct premiums earned in 2021: $651 million

Market shares: 1.31%

  1. acuity

Direct premiums written in 2021: $680 million

Direct premiums earned in 2021: $640 million

Market share: 1.28%

  1. CNA Insurance

Direct premiums written in 2021: $634 million

Direct premiums earned in 2021: $615 million

Market share: 1.28%

Related:

Leave a Reply

Your email address will not be published.