State Farm will maintain its lead as the largest U.S. property and casualty (P&C) insurer based on net premiums written (NPW) through 2025, with the company reporting $113.79 billion in NPW.
Our list of the top 100 U.S. property and casualty insurance companies is based on research data from ratings agency AM Best.
State Farm’s total NPW was $30.64 billion, ahead of second-place Progressive Insurance Group.
Progressive has surpassed Berkshire Hathaway Insurance Group to become the second largest property and casualty insurance company in the United States, with net net income of US$83.1 billion, an increase of 11.7% from 2024, the largest increase among the top 10 insurance companies.
At the same time, Berkshire Hathaway Insurance Group reported NPW of $81 billion, a year-on-year decrease of 0.8%.
There was little change among the top companies, with Allstate Insurance Group and Travelers Group remaining in fourth and fifth place, respectively, with NPW of $56.7 billion and $42.1 billion.
USAA Group climbed from seventh to sixth place, with net income increasing 6.6% to $37.5 billion. Meanwhile, Liberty Mutual Insurance Cos fell from sixth to seventh place, with its net income falling 3.3% to $37.2 billion.
Chubb INA Group and Farmers Insurance Group retained their positions as the eighth and ninth largest insurance companies, respectively.
Hartford Insurance Group moved into the top 10 from No. 12, driven by a 7.3% increase in NPW to $17.7 billion. American Family Insurance Group’s NPW fell 2.5% to $17.3 billion, and its ranking fell from 10th to 11th.
You can access the complete readvertisement shout directory of the top 100 U.S. property and casualty insurance companies here.
