Photo by Vlad Deep on Unsplash
Written by Natalie McNeal and Data Work by Elena Cox for Stacker.com
Click here to read the entire article.
No single company holds more than 10% of the property and casualty insurance market in the U.S.
Insurify examined data from the National Association of Insurance Commissioners to rank the top 11 U.S. insurance companies by their share of the market in terms of their share of the $870 billion in direct premiums written in 2022.
State Farm, with its likable “Jake from State Farm” character, is at the top of the list with a 9% company market share. Berkshire Hathaway, which owns Geico, and Progressive are next with 6.5% and 6%, respectively. Allstate and Liberty Mutual, tied with 5.2% of the market share, round out the top five insurance companies by market share.
