100 Largest Homeowners Multiple Peril Insurance Companies in The United States of America (USA)
100 Largest Homeowners Multiple Peril Insurance Companies in The United
States of America (USA)- According to National Association of Insurance
Commissioners (NAIC) reports entitled with “2023 Market
Share Reports For Property/Casualty Groups and Companies by State and
Countrywide”, there are 100 Largest Homeowners Multiple Peril
Insurance Companies in The United States of America (USA) in the year of 2023. Basically,
these insurance companies have issued homeowners multiple perils insurance
products and by the year 2023, these insurance companies have billions of US
dollars (USD) of direct premium written and successfully gained billions of US
Dollar (USD) of direct premium earned in the USA’s market.
Homeowners Multiple Peril (HMP)
insurance is a type of homeowners insurance policy that provides coverage for
diverse risks (or "perils") under an insurance policy. Principally,
the "multiple peril" terms
means that it covers a variety of potential causes of damage or loss, including
Fire, Windstorms, Hail, Theft, and Vandalism. Commonly, The Homeowners Multiple Peril (HMP) insurance policy basically
covers some areas or aspects including property
damage coverage (Protects the physical structure of the home (e.g., walls,
roof, sheds, fences, and foundation)), personal
property coverage including homeowner's personal belongings (e.g.,
furniture, electronics, clothing), and liability
protection (provides financial protection if the homeowner is responsible
legally for injuries to other people or
damage to other person’s /people’s property).
Here is the rank of 100
Largest Homeowners Multiple Peril Insurance Companies in The United States of
America (USA). All of the data were obtained from National Association of
Insurance Commissioners (NAIC) reports entitled “2023 Market
Share Reports For Property/Casualty Groups and Companies by State and
Countrywide .
The Rank of 100 Largest Homeowners Multiple Peril Insurance Companies in The United States of America (USA)
Rank |
Name of
Homeowners Multiple Peril Insurance Companies |
Direct
Premiums Written in the USA |
Direct
Premiums Earned in the USA |
Market Share
in the USA |
(in Thousand
USD ($)) |
(in Thousand
USD ($)) |
(%) |
||
1 |
State Farm
Group |
27,037,940 |
25,705,654 |
17.71% |
2 |
Allstate
Insurance Group |
13,551,256 |
12,722,771 |
8.88% |
3 |
Liberty
mutual Group |
10,476,330 |
10,140,532 |
6.86% |
4 |
United
Services Automobile Association (USAA) |
10,346,045 |
9,515,309 |
6.78% |
5 |
Farmers
Insurance Group |
8,981,110 |
8,517,213 |
5.88% |
6 |
Travelers
Group |
7,569,914 |
7,014,931 |
4.96% |
7 |
American
Family Insurance Group |
7,010,000 |
6,334,715 |
4.59% |
8 |
Nationwide
Corp Group |
4,077,262 |
4,003,910 |
2.67% |
9 |
Chubb Ltd
Group |
3,891,676 |
3,649,700 |
2.55% |
10 |
Citizens
Property Insurance Corp |
3,208,945 |
2,770,287 |
2.10% |
11 |
Progressive
Group |
2,952,598 |
2,685,978 |
1.93% |
12 |
Erie
Insurance Group |
2,659,423 |
2,415,582 |
1.74% |
13 |
Auto Owners
Group |
2,564,100 |
2,326,325 |
1.68% |
14 |
Universal
Insurance Holding Group |
1,819,043 |
1,777,151 |
1.19% |
15 |
Tokio Marine
Holdings Inc Group |
1,405,037 |
1,306,343 |
0.92% |
16 |
CSAA
Insurance Group |
1,323,341 |
1,248,095 |
0.87% |
17 |
Auto Club
Enterprises Insurance Group |
1,197,117 |
1,095,514 |
0.78% |
18 |
Cincinnati
Financial Group |
1,196,666 |
1,054,892 |
0.78% |
19 |
Mercury
General Group |
1,143,868 |
1,039,222 |
0.75% |
20 |
Amica mutual
Group |
1,134,059 |
1,064,671 |
0.74% |
21 |
Country
Insurance & Financial Service Group |
1,000,969 |
934,604 |
0.66% |
22 |
Hartford Fire
& Cas Group |
990,862 |
959,281 |
0.65% |
23 |
Automobile
Club Ml Group |
964,554 |
911,945 |
0.63% |
24 |
The Hanover
Insurance Group |
944,623 |
887,536 |
0.62% |
25 |
Heritage
Insurance Holdings Group |
943,983 |
961,934 |
0.62% |
26 |
Munich Re
Group |
938,125 |
862,402 |
0.61% |
27 |
Assurant Inc
Group |
907,211 |
852,224 |
0.59% |
28 |
Frontline
Insurance Group |
904,266 |
847,187 |
0.59% |
29 |
Tower Hill
Insurance Group |
853,925 |
806,588 |
0.56% |
30 |
Florida
Peninsula Holdings Group |
843,437 |
756,979 |
0.55% |
31 |
American
International Group |
830,813 |
827,282 |
0.54% |
32 |
HCI Group Inc |
718,867 |
685,927 |
0.47% |
33 |
Slide
Insurance Co |
630,664 |
500,477 |
0.41% |
34 |
Shelter
Insurance Group |
614,488 |
567,481 |
0.40% |
35 |
IAT Reinsurance
Co Group |
585,585 |
551,393 |
0.38% |
36 |
Tennessee
Farmers Group |
558,536 |
522,260 |
0.37% |
37 |
Mapfre
Insurance Group |
549,231 |
516,088 |
0.36% |
38 |
Berkshire
Hathaway Group |
549,021 |
531,810 |
0.36% |
39 |
North
Carolina Farm Bureau Group |
545,387 |
497,234 |
0.36% |
40 |
Iron Family
Holdings Group |
538,448 |
397,064 |
0.35% |
41 |
SH1 Holdings
Group |
514,475 |
523,694 |
0.34% |
42 |
Andover Group |
470,781 |
443,370 |
0.31% |
43 |
New Jersey
Manufacturers Group |
467,170 |
429,321 |
0.31% |
44 |
Alfa
Insurance Group |
460,295 |
418,707 |
0.30% |
45 |
Southern Farm
Bureau Cas Group |
456,906 |
429,789 |
0.30% |
46 |
Brookfield Reinsurance
Ltd Group |
447,934 |
429,687 |
0.29% |
47 |
QBE Insurance
Group |
447,660 |
460,765 |
0.29% |
48 |
American
Integrity Insurance Co of Fl |
443,808 |
413,303 |
0.29% |
49 |
Iowa Farm
Bureau Group |
432,259 |
395,334 |
0.28% |
50 |
Lemonade Inc
Group |
432,189 |
402,419 |
0.28% |
51 |
Homeowners Of
Amer Insurance Co |
423,485 |
436,320 |
0.28% |
52 |
Grange mutual
Cas Group |
417,218 |
391,947 |
0.27% |
53 |
Texas Farm
Bureau Mutual Group |
408,435 |
361,911 |
0.27% |
54 |
Clear Blue
Financial Group |
399,577 |
389,036 |
0.26% |
55 |
Westfield
Group |
378,100 |
358,611 |
0.25% |
56 |
Kentucky Farm
Bureau Group |
368,178 |
340,004 |
0.24% |
57 |
WT Holdings
Group |
337,037 |
343,214 |
0.22% |
58 |
Security
First Insurance Co |
322,624 |
322,569 |
0.21% |
59 |
Olympus
Insurance Co |
310,213 |
283,119 |
0.20% |
60 |
Markel Corp
Group |
280,182 |
261,721 |
0.18% |
61 |
West Bend
Insurance Co |
274,177 |
244,757 |
0.18% |
62 |
Acuity A
mutual Insurance Co |
273,886 |
235,999 |
0.0018 |
63 |
Kin Insurance
Inc Group |
259,220 |
228,260 |
0.0017 |
64 |
Western Service Contract Group |
255,723 |
252,536 |
0.0017 |
65 |
Vermont
mutual Group |
253,583 |
232,909 |
0.0017 |
66 |
Ocean Harbor
Group |
252,804 |
229,509 |
0.17% |
67 |
NYCM
Insurance Group |
252,323 |
234,454 |
0.17% |
68 |
Palisades
Group |
249,595 |
245,589 |
0.16% |
69 |
Horace Mann
Group |
246,439 |
233,238 |
0.16% |
70 |
Southern Oak
Insurance Co |
239,306 |
202,103 |
0.16% |
71 |
Universal
Insurance Co Group |
235,739 |
246,409 |
0.15% |
72 |
Safety Group |
234,690 |
215,174 |
0.15% |
73 |
Safepoint
Holdings Inc Group |
225,166 |
192,355 |
0.15% |
74 |
Hale
Partnership Group |
216,703 |
145,730 |
0.14% |
75 |
Indiana Farm
Bureau Group |
214,583 |
207,070 |
0.14% |
76 |
Arbella
Insurance Group |
209,387 |
196,277 |
0.14% |
77 |
Allied Trust
Insurance Co |
206,252 |
192,785 |
0.14% |
78 |
Sutton Natl
Insurance Holdings Group |
204,708 |
124,905 |
0.13% |
79 |
Vault
Holdings Group |
200,237 |
225,367 |
0.13% |
80 |
Michigan Farm
Bureau Group |
198,346 |
184,745 |
0.13% |
81 |
Peoples Trust
Insurance Co |
198,222 |
193,302 |
0.13% |
82 |
Farm Bureau
mutual Insurance Co of Ar Inc |
197,088 |
178,157 |
0.13% |
83 |
Selective
Insurance Group |
188,594 |
165,537 |
0.12% |
84 |
Wr Berkley
Corp Group |
181,741 |
141,400 |
0.12% |
85 |
Donegal Group |
178,684 |
166,646 |
0.12% |
86 |
Plymouth Rock
Insurance Group |
177,689 |
165,856 |
0.12% |
87 |
PEMCO mutual
Insurance Co |
173,656 |
162,068 |
0.11% |
88 |
Kemper Corp
Group |
171,296 |
201,996 |
0.11% |
89 |
Orion180
Group |
169,993 |
76,317 |
0.11% |
90 |
Central
mutual Insurance Co Group |
164,587 |
160,120 |
0.11% |
91 |
North Star Co
Group |
163,740 |
146,788 |
0.11% |
92 |
American
Traditions Insurance Co |
155,371 |
143,811 |
0.10% |
93 |
Georgia Farm
Bureau Group |
152,589 |
148,133 |
0.10% |
94 |
Farmers
mutual Insurance Co of Ne |
152,315 |
142,398 |
0.10% |
95 |
Barrington
Capital Group |
150,159 |
158,644 |
0.10% |
96 |
Kingstone
Insurance Co |
143,943 |
147,302 |
0.09% |
97 |
Zurich
Insurance Group |
140,597 |
132,360 |
0.09% |
98 |
Louisiana
Farm Bureau mutual Insurance Co |
140,185 |
130,068 |
0.09% |
99 |
MGI Holdings
Group |
139,939 |
120,061 |
0.09% |
100 |
Cypress
Holdings Group Inc |
138,419 |
129,803 |
0.09% |
Source: National Association of Insurance
Commissioners (NAIC), 2024 |
Brief Description of 20 Largest Homeowners Multiple Peril Insurance Companies in The United States of America (USA)
1.
State Farm Group
State Farm Insurance, headquartered in Bloomington,
Illinois, is one of the largest insurance companies in the United States.
Founded by George J. Mecherle in June 1922, the company has grown considerably
over the years. It is now a leading provider of property and casualty insurance
and is the largest auto insurance provider in the country. As of 2023, State
Farm employs approximately 57,000 individuals and has issued over 7.8 million
life insurance and annuity policies. In terms of financial ratings, State Farm
Insurance has received an A++ rating from A.M. Best®, Aa1 from Moody's®, and AA
from Standard & Poor's®. Additionally, in 2024, the company is projected to
process around 28 thousand property and casualty claims per day.
Financially, State Farm's 2023 annual report indicates total
assets amounting to USD 220 billion. However, the company reported a net loss
of USD 4.7 billion for the year. According to the 2023 report from The National
Association of Insurance Commissioners (NAIC), State Farm Insurance recorded
Direct Premiums Written of approximately USD 57.9 billion and Direct Premiums
Earned of USD 54.8 billion. In the Private Passenger auto insurance sector,
State Farm holds a market share of around 18.31% as of 2023, making it the
largest company in this industry.
State Farm Group
basically has leading positions in the homeowner’s multiple peril insurance
industry at The United States of America (USA) which has direct premiums
written of USD 27,037,940 thousand and direct premium earned of USD 25,705,654
thousand. Furthermore, State Farm Group has a market share of 17.71%.
For More Information on Homeowners’ Insurance from State
Farm Insurance:
https://www.statefarm.com/insurance/homeowners
2. Allstate Insurance Group
The Allstate Corporation, founded on April 17, 1931, is
headquartered in Northbrook, Illinois. As of 2023, it employs 53,400 people,
with 9,100 exclusive agents and support staff, 20,200 licensed sales
professionals, and 50,900 independent agents. Allstate has 194 million active
policies. In 2023, Allstate's financial performance showed both strengths and
challenges. Total assets were USD 103 billion, and liabilities totaled USD 85
billion. The company generated USD 57.9 billion in revenue but incurred a net
loss of USD 0.21 billion.
Allstate Insurance also has become one of the leaders on
homeowners multiple peril insurance industry in the United States of America
(USA) which has direct premium written of USD 13,551,256 thousand and direct
premiums earned of USD 12,722,771 thousand. Furthermore, Allstate Insurance
Group has a market share of 8.88% in the USA’s market.
Information about Homeowners Insurance from Allstate
https://www.allstate.com/home-insurance
3. Liberty mutual Group
Founded on July 1, 1912, Liberty Mutual has grown into one
of the largest insurance companies which offers many insurance products and
services, including personal automobiles, homeowners, workers' compensation,
and others. TO date, Liberty Mutual has existed in more than 29 Countries and
employed more than 40,000 worldwide. In terms of operational performance,
Liberty Mutual has successfully generated Premiums earned reaching USD 45,877
million in 2023.
Financially, in 2023 according to its annual report, The
Liberty Mutual maintained a solid financial foundation, with total assets
valued at USD 165 billion and total liabilities standing at USD 140 billion. In
terms of business performance, the company reported total revenue of USD 49.4
billion and achieved a net income of USD 0.22 billion.
Specifically, in the
year 2023, Liberty Mutual has a positive performance in the homeowners multiple
peril industry which has a direct premium written of USD 10,476,330
thousand and successfully gaining direct premiums earned of USD 10,140,532
thousand. Furthermore, Liberty Mutual Group has a total market share of 6.86%.
4. United Services Automobile Association (USAA)
United Services Automobile Association (USAA) is an American
financial services company that provides insurance and banking products to
members of the military, veterans, and their families. It was founded in 1922
in San Antonio, Texas. Currently, USAA employs over 37,000 people and serves
more than 13.5 million members. The company's insurance products include
property and casualty (P&C) insurance, such as automobile insurance,
homeowner insurance, renters' insurance, umbrella insurance, and private property
insurance, as well as whole life insurance, term life insurance, and annuities.
In 2023, according to its balance sheet of annual report,
USAA reported total assets amounting to USD 211 billion and total liabilities
of USD 182 billion. Meanwhile, in the business performance of 2023 according to
the income statement, The USAA generated total revenue of USD 42.4 billion and
achieved a net income of USD 1.2 billion, reflecting its significant market
presence and operational efficiency.
In the Homeowners multiple perils insurance industry, United
Services Automobile Association (USAA) has direct premium written of USD
10,346,045 thousand and direct premiums Earned of USD 9,515,309 thousand.
Furthermore, in the USA’s market, United Services Automobile Association (USAA)
has a total market share of 6.78%.
Information on Homeowners Insurance from United Services
Automobile Association (USAA)
https://www.usaa.com/inet/wc/insurance-home-coverage
5. Farmers Insurance Group
Farmers Insurance was established in 1928 by John C. Tyler
and Thomas E. Leavey, both of whom had experience in the agricultural sector
due to their rural upbringing. Presently, Farmers Insurance serves over 10
million households with more than 19 million individual policies across all 50
states in the USA. Additionally, Farmers Insurance employs 48,000 exclusive and
independent agents and 21,000 staff members. Since 1998, Zurich Financial
Services has been the owner of the Farmers Insurance Group.
In the year of 2023,
at the homeowners multiple peril insurance industry, Farmers Insurance Group
has direct premiums written of USD 8,981,110 thousand and successfully
gained direct premiums earned of USD 8,517,213 thousand. Furthermore, Farmers
Insurance Group has total market share of 5.88% in the USA’s.
Information on The
Homeowners Insurance from Farmers Insurance
https://www.farmers.com/home/homeowners/
6. Travelers Group
The Travelers Companies was formed in 2004 by the merger of
The St. Paul Companies, Inc., and Travelers. The founder of Travelers is James
G. Batterson, while St. Paul Fire and Marine Insurance Company was established
by Alexander Wilkin and 16 other St. Paul businesspeople. As of 2023, Travelers
employs more than 30,000 people and has 13,500 independent agents and brokers
in the United States, Canada, the United Kingdom, and Ireland. In terms of
financial aspects, in 2023, The travelers companies reported total assets of
USD 125 billion and total liabilities of USD 101 billion. The company generated
total revenue of USD 41.3 billion and a net income of USD 2.9 billion.
Specifically in the
Homeowners multiple peril insurance industry, Travelers Group basically has
collected direct premiums written of USD 7,569,914 thousand with direct
premium earned of USD 7,014,931 thousand. Furthermore, Travelers Group has
gained a market share of 4.96% in the Homeowners multiple peril insurance
industry in the USA.
Information of The Homeowners Insurance from Travelers
https://www.travelers.com/home-insurance
7. American Family Insurance Group
American Family Insurance is an insurance company based in
the United States. It was founded on October 3, 1927, by Herman Wittwer. In
1963, Farmers Mutual changed its name to American Family Mutual Insurance
Company to reflect its expanding customer base. The company's headquarters are
in Madison, Wisconsin. With its business growth, American Family Insurance now
serves over 12 million customers and employs more than 13,500 people across the
United States. The company offers a variety of insurance products, including
Vehicle Insurance, Property Insurance, Personal
Insurance, Commercial Insurance, and Farm & Ranch Insurance.
Specifically, in the
multiple peril insurance industry, American Family Insurance Group collected direct
premiums written of USD 7,010,000 thousand and successfully gained direct
premiums earned of USD 6,334,715 thousand. In addition, this company has a
market share of 4.59%
Information of The Homeowners Insurance from American Family
Insurance
https://www.amfam.com/insurance/home/homeowners-overview
8. Nationwide Corp Group
Nationwide Company, based in Columbus, Ohio, was founded on
April 14, 1926. As of 2023, it employs around 25,000 people. Financially,
according to its annual report in 2023, Nationwide demonstrated stability with
total assets of USD 298 billion and a well-diversified investment portfolio.
Furthermore, in terms of business performance, Nationwide generated USD 60.3
billion in revenue and reported a net income of USD 1.3 billion in 2023.
In the USA’s homeowners multiple peril insurance industry,
Nationwide Corp has a direct premium written of USD 4,077,262 thousand and
successfully gained direct premiums earned of USD 4,003,910 thousand.
Furthermore, Nationwide has a total market share of 2.67%.
Information on Homeowners Insurance from Nationwide
https://www.nationwide.com/personal/insurance/homeowners/
9. Chubb Ltd Group
Chubb, one of the world's largest insurance companies, has
executive offices in Zurich, New York, London, Paris, and other locations, with
around 40,000 employees globally. According to its 2024 Annual Report
(SEC-Filing 10K), Chubb's total assets were USD 246 billion and total
liabilities were USD 178 billion. In terms of business performance in the
Annual Report (SEC-Filing 10K), the company reported total revenue of USD 55.7
billion and a net income of USD 9.6 billion.
In the Homeowners
multi perils insurance industry, Chubb Group basically has collected direct
premiums written of USD 3,891,676 thousand with direct premiums earned of USD
3,649,700 thousand. Furthermore, in the year 2023, Chubb has a total market
share of 2.55%.
Information of The
Homeowners Insurance from Chubb
https://www.chubb.com/us-en/individuals-families/products/home/homeowners-insurance.html
10. Citizens Property Insurance Corp
Citizens was created
by the Florida Legislature in August 2002 as a not-for-profit, tax-exempt,
government entity to provide property insurance. Financially, in the year of
2023, according to NAIC report, Citizens Prop Insurance Corp collected direct
premiums written of USD 3,208,945 thousand with direct premiums earned of USD
2,770,287 thousand. Overall, Citizen Prop Insurance has a total market share
of 2.10%.
11. Progressive Group
Progressive Insurance, founded in 1937 by Joseph Lewis and
Jack Green, is headquartered in Mayfield Village, Ohio. It is one of the
largest auto insurance groups in the USA, leading in motorcycle, boat policies,
and commercial auto insurance, and is among the top 15 homeowners' carriers.
Operationally along with business development, Progressive serves over 37
million customers with 55,100 employees. Financially, according to its annual
report of 2023, Progressive’s total assets are USD 88 billion and total
liabilities are USD 68 billion. In terms of business performance in 2023,
Progressive Insurance gained total revenue of USD 62.1 billion, and
successfully got net income of USD 3.9 billion.
Specifically, in the
homeowners multiple perils insurance industry, Progressive Group basically has direct
premiums written of USD 2,952,598 thousand with direct premiums earned of USD
2,685,978 thousand. Financially, Progressive Group has a total market share of
1.93%.
12. Erie Insurance Group
Erie Insurance Group, founded in 1925 by H.O. Hirt and O.G.
Crawford, is based in Erie, Pennsylvania. To date, Erie Insurance has grown to
become one of the largest insurance companies in the USA, with net premiums
rising from $29,790 in 1925 to over $3 billion in the 2000s. In terms of
workforce, Erie insurance employs more than 6,500 people and works with 14,000
independent agents.
Financially,
according to the NAIC Report of 2023, especially in the homeowners multiple perils insurance industry, Erie
Insurance group has collected direct premiums written of USD 2,659,423
thousand with direct premiums earned of USD 2,415,582 thousand. Furthermore,
Erie Insurance Group has a total market share of 1.74%.
13. Auto Owners Group
Established in 1916, Auto-Owners Insurance Group is headquartered in Lansing, Michigan. The company serves 3 million policyholders and employs 8,000 licensed agents across 26 states. Auto-Owners Insurance has received an A++ (Superior) rating from the AM Best Company. Financially, the company holds total assets amounting to USD 36 billion. In the USA’s market, Auto Owners Group has collected direct premiums written of USD 2,564,100 thousand and successfully gained direct premiums earned of USD 2,326,325 thousand. In addition, Auto Owners Group has a total market share of 1.68%.
Information on Homeowners Insurance from Auto-owners
https://www.auto-owners.com/insurance/homeowners
14. Universal Insurance Holding Group
Universal Insurance Holdings, Inc. is a holding company
offering property and casualty insurance. Along with business advancements,
Universal Insurance sold insurance products in the following 19 states:
Alabama, Delaware, Florida, Georgia, Illinois, Indiana, Iowa, Maryland,
Massachusetts, Michigan, Minnesota, New Hampshire, New Jersey, New York, North
Carolina, Pennsylvania, South Carolina, Virginia, and Wisconsin.
Financially, in 2024, according to its annual report Universal Insurance Holdings has total assets of USD 2,841 million and total liabilities of USD 2,468 million. In terms of business performance in 2024, Universal Insurance Holdings gained total revenue of USD 1,520 million and net income of USD 58 million. Universal Insurance Holding Group has collected direct premiums written of USD 1,819,043 thousand with direct premiums earned of USD 1,777,151 thousand. Furthermore, Universal Insurance also has a market share of 1.19%.
15. Tokio Marine Holdings Inc Group
Tokio Marine Holdings, Inc. is an insurance company that has a central office in Tokyo. Historically, this company was founded in 1879. Along with business development of the company, Tokio Marine has 41 thousand employees. Financially, in 2023, based on the balance sheet of the Tokio Marine, this company has total assets around JPY 30,594 billion and gained net income of JPY ¥ 695 billion. In the homeowners multiple perils at USA’s market, Tokio Marine Holdings has direct premiums written of USD 1,405,037 thousand and direct premium earned of USD 1,306,343 thousand. Furthermore, Tokio Marine Holdings has total market share of 0.92%
16. CSAA Insurance Group
CSAA Insurance Group provides automobile, homeowners, and
other personal lines of insurance to AAA Members via AAA clubs in 23 states and
the District of Columbia. Established in 1914, CSAA Insurance Group employs
over 3,500 individuals. In the year of 2023, especially in the USA’s multiple
peril insurance industry, according to NAIC report, CSAA Insurance Group
basically collected direct premiums written USD 1,323,341 thousand and direct
premiums earned USD 1,248,095 thousand. Furthermore, CSAA Insurance has a total
market share of 0.87%.
17. Auto Club Enterprises Insurance Group
Auto Club Enterprises, established in 1900, operates as a major insurance company serving over 17 million members across 21 states. In addition to its business development efforts, Auto Club employs more than 14,000 individuals directly and collaborates with numerous independent businesses. The company operates over 300 branches, with its headquarters located in Heathrow, Florida, U.S. Auto Club Enterprises Insurance Group gained direct premiums written at USD 1,197,117 thousand and direct premiums earned of USD 1,095,514 thousand. Financially, Auto Club Enterprises Insurance has a total market share of 0.78%.
18. Cincinnati Financial Group
Cincinnati Financial Corporation was founded in 1950 by Jack
Schiff and Robert Cleveland Schiff. Operationally, Cincinnati has a central
office in Fairfield, Ohio. As of 2023, total employees of Cincinnati Financial
reached 5,42 people. In terms of USA’s homeowners multiple perils insurance
industry, Cincinnati Financial Group has collected direct premiums written of
USD 1,196,666 thousand and direct premiums earned of USD 1,054,892 thousand.
Financially, in the year of 2023, Cincinnati Financial Group has a total market
share of 0.78% in the USA’s homeowners multiple peril insurance industry
market.
Information about The Homeowners Insurance from Cincinnati
Financial Corporation
https://www.cinfin.com/cincinnati-personal-insurance/home-condo
19. Mercury General Group
Mercury Insurance was
formed in 1961. Along with business development, Mercury Insurance has more
than 4,100 employees with 6,390 independent agents in 11 states. Financially,
as of 2023, Mercury insurance has total assets of USD 7.1 billion. In the USA’s
multiple peril insurance industry, Mercury General Group has direct
premiums written of USD 1,143,868 thousand which gained direct premiums earned
of USD 1,039,222 thousand. Furthermore, Mercury General Group has a market
share of 0.75%.
Information on The Homeowners Insurance from Mercury
Insurance
https://www.mercuryinsurance.com/insurance/homeowners/
20. Amica mutual Group
Amica mutual was founded in 1970 by A.T. Vigneron still has
its central office in Lincoln, Rhode Island, United States. As of 2023, Amica
mutual has total employees of more than 3,700 people. Financially, as 0f 2023,
Amita Mutual has total assets of USD 5.6 billion with total liabilities of USD
2.8 billion. In terms of business performance, Amica Mutual still suffered net
losses of USD 378 million. In the USA’s homeowners multiple perils insurance
industry, Amica mutual Group has direct
premium written of USD 1,134,059 thousand with direct premium earned of USD
1,064,671 thousand. Furthermore, Amica Mutual Group has a total market share of
0.74% of USA’s homeowners multiple peril insurance industry.
Information on Homeowners Insurance from Amica Mutual
https://www.amica.com/en/products/home-insurance.html
The Rank of 20 Largest Homeowners Multiple Peril Insurance Companies in The United States of America (USA) Based on Premiums Written in 2023
The Rank of 20 Largest Homeowners Multiple Peril Insurance Companies in The United States of America (USA) Based on Premiums Earned in 2023
Bibliography of 20 Largest Homeowners Multiple Peril Insurance Companies in The United States of America (USA)
NAIC. 2024. 2023
Market Share Reports for Property/Casualty Groups and Companies by State and
Countrywide. Accessed via https://content.naic.org/sites/default/files/publication-msr-pb-property-casualty.pdf
on March 2nd, 2025.
State Farm Group. 2024. Annual Report 2023. Accessed via https://www.statefarm.com/ on March 6th, 2024.
Allstate Insurance Group. 2024. Annual Report 2023. Accessed
via https://www.allstate.com/ on March 6th, 2024.
Liberty Mutual Group. 2024. Annual Report 2023. Accessed via
https://www.libertymutual.com/ on March 6th, 2024.
United Serv Automobile Assn Group. 2024. Annual Report 2023.
Accessed via https://www.usaa.com/ on March 6th, 2024.
Farmers Insurance Group. 2024. Annual Report 2023. Accessed
via https://www.farmers.com/ on March 6th, 2024.
Travelers Group. 2024. Annual Report 2023. Accessed via https://www.travelers.com/ on March 6th, 2024.
American Family Insurance Group. 2024. Annual Report 2023.
Accessed via https://www.amfam.com/ on March 6th, 2024.
Nationwide Corp Group. 2024. Annual Report 2023. Accessed
via https://www.nationwide.com/ on March 6th, 2024.
Chubb Ltd Group. 2024. Annual Report 2023. Accessed via https://www.chubb.com/us-en/ on March 6th, 2024.
Citizens Prop Insurance Corp. 2024. Annual Report 2023.
Accessed via https://www.citizensfla.com/ on March 6th, 2024.
Progressive Group. 2024. Annual Report 2023. Accessed via on
March 6th, 2024.
Erie Insurance Group. 2024. Annual Report 2023. Accessed via
https://www.erieinsurance.com/ on March 6th, 2024.
Auto Owners Group. 2024. Annual Report 2023. Accessed via http://auto-owners.com/ on March 6th, 2024.
Universal Insurance Holding Group. 2024. Annual Report 2023.
Accessed via https://universalinsuranceholdings.com/investors/
on March 6th, 2024.
Tokio Marine Holdings Inc Group. 2024. Annual Report 2023.
Accessed via https://www.tokiomarinehd.com/en/ir/ on March 6th, 2024.
CSAA Insurance Group. 2024. Annual Report 2023. Accessed via
https://csaa-insurance.aaa.com/ on March 6th, 2024.
Cincinnati Financial Group. 2024. Annual Report 2023.
Accessed via https://investors.cinfin.com
/on March 6th, 2024.
Mercury Gen Group. 2024. Annual Report 2023. Accessed via https://www.mercuryinsurance.com/about/ on March 6th, 2024.
Amica mutual Group. 2024. Annual Report 2023. Accessed via https://www.amica.com/en/about-us/media-center/annual-report.html on March 6th, 2024.