Direct written premiums totaled close to $214 billion for the top 25 private passenger auto — also known as personal auto — carriers an increase from last year's $199.5 billion.
The top 10 carriers accounted for 72 percent of the total direct premiums written. The top five carriers pulled the most weight in the commercial auto insurance industry, accounting for 55 percent of the direct premiums written.
The companies in the top five spots remained the same as they were in 2015.
In 2015, Liberty Mutual Insurance and Farmers Insurance were ranked at 6 and 7, respectively. In 2016, the two have flipped positions in the top 10.
PC360 previously covered the top 10 workers' comp carriers for 2016 and the top 15 homeowners insurance carriers.
Continue reading to find out which companies NAIC ranked as the top 10 for the private auto carriers market.
No. 10: Travelers Group
2015 Ranking: 10
Direct Premiums Written, 2016: $3.90 billion
Direct Premiums Written, 2015: $3.34 billion
2016 Market Share: 1.82%
2015 Market Share: 1.69%
2016 Cumulative Market Share: 71.72%
No. 9: American Family Insurance Group
2015 Ranking: 9
Direct Premiums Written, 2016: $4 billion
Direct Premiums Written, 2015: $3.69 billion
2016 Market Share: 1.87%
2015 Market Share: 1.85%
2016 Cumulative Market Share: 69.90%
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Denny Jacob
Denny Jacob is an associate editor for NU PropertyCasualty360. Contact him at [email protected].
