P&C insurers wrote $151.95 billion in total direct home insurance premiums in 2024, up 13.7% from the year before, according to data from the National Association of Insurance Commissioners.
Profitability also improved among home insurers in 2024: the direct loss to earned premium ratio decreased to 61.59%, down from 70.66% in 2023.
State Farm saw its direct loss ratio drop from 77.08% to 72.59%, while Liberty Mutual saw a decrease from 68.56% to 55.97%.
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Corey Dahl
Corey Dahl is assistant editor with PropertyCasualty360.com. Reach her at [email protected].
