60 Largest Fire Insurance Companies in The United States of America (USA)

 

60 Largest Fire Insurance Companies in The United States of America (USA)- There are 60 Largest Fire Insurance Companies in The United States of America (USA) in 2023 according to the published report of National Association of Insurance Commissioners (NAIC) entitled by “2023 Market Share Reports For Property/Casualty Groups and Companies by State and Countrywide” .  NAIC basically is an organization established in 1871 and is composed of the chief insurance regulators from all 50 states, the District of Columbia, and five U.S. territories whose primary mission is to manage, organize, and standardize the regulation of the USA's insurance industry.

Commonly, in the insurance industry, fire insurance companies basically have a specialization which provides coverage against losses or damage caused by fire. Commonly, these insurance companies offer policies that protect individuals, businesses, and organizations from financial losses resulting from fire-related incidents, such as property damage and loss of assets/ properties.

Here is the rank of 60 Largest Fire Insurance Companies in The United States of America (USA) in 2023. All the data were obtained from “2023 Market Share Reports for Property/Casualty Groups and Companies by State and Countrywide” published by National Association of Insurance Commissioners (NAIC) in 2024.

 

The Rank of 60 Largest Fire Insurance Companies in The United States of America (USA)

 

Rank	Name of Fire Insurance Companies	Direct Premiums Written in USA	Direct Premiums Earned in USA	Market Share in USA
		(In Thousand USD ($))	(In Thousand USD ($))	(%)
1	Starr Insurance Group	2,132,752	1,676,053	7.54%
2	Berkshire Hathaway Group	1,912,486	1,640,043	6.76%
3	FM Global Group	1,720,511	1,477,303	6.08%
4	American International Group (AIG)	1,368,960	1,289,490	4.84%
5	Travelers Group	1,316,005	1,166,535	4.65%
6	Liberty mutual Group	1,266,501	1,155,716	4.47%
7	Allianz Insurance Group	1,191,795	1,107,160	4.21%
8	Zurich Insurance Group	992,965	954,899	3.51%
9	Chubb Ltd Group	841,340	782,168	2.97%
10	Farmers Insurance Group	810,882	776,013	2.87%
11	Munich Re Group	770,571	652,288	2.72%
12	Core Specialty Insurance Holdings Group	655,539	531,051	2.32%
13	Auto Owners Group	587,501	510,829	2.08%
14	Germania Insurance Group	540,453	503,953	1.91%
15	Arch Insurance Group	536,343	473,906	1.90%
16	Axa Insurance Group	530,657	559,855	1.87%
17	Assurant Inc Group	473,965	456,341	1.67%
18	Fairfax Financial Group	395,665	358,266	1.40%
19	Swiss Re Group	353,110	342,138	1.25%
20	Scor Group	323,193	271,812	1.14%
21	Axis Capital Group	287,827	230,800	1.02%
22	CNA Insurance Group	275,721	237,218	0.97%
23	Tokio Marine Holdings Inc Group	273,268	246,091	0.97%
24	Selective Insurance Group	267,564	240,055	0.95%
25	Kinsale Insurance Co	237,987	176,425	0.84%
26	BCbS Of Ml Group	235,701	158,462	0.83%
27	Hartford Fire & Cas Group	230,896	198,521	0.82%
28	Sompo Group	220,708	227,493	0.78%
29	United Services Automobile Association (USAA)	210,849	199,970	0.74%
30	Nationwide Corp Group	209,114	221,319	0.74%
31	Hannover Group	202,594	179,291	0.72%
32	Hochheim Prairie Group	176,637	162,862	0.62%
33	EMC Insurance Co Group	167,053	154,602	0.59%
34	Cincinnati Financial Group	161,419	146,580	0.57%
35	MS & AD Insurance Group	159,023	129,565	0.56%
36	The Hanover Insurance Group	155,266	146,169	0.55%
37	Pennsylvania Lumbermens mutual Insurance	149,183	135,921	0.53%
38	Intact Financial Group	139,830	124,441	0.49%
39	Federated mutual Group	138,422	124,645	0.49%
40	ACP Insurance Group	136,017	92,564	0.48%
41	CSAA Insurance Group	135,937	122,959	0.48%
42	Wr Berkley Corp Group	133,916	113,937	0.47%
43	State Farm Group	129,939	88,070	0.46%
44	Citizens Prop Insurance Corp	124,066	90,022	0.44%
45	Security First Insurance Co	121,140	110,595	0.43%
46	RLI Insurance Group	119,290	103,707	0.42%
47	QBE Insurance Group	113,564	120,098	0.40%
48	Coaction Global Inc Group	111,820	102,316	0.40%
49	Markel Corp Group	109,585	99,770	0.39%
50	Ranchers & Farmers mutual Insurance Co	104,876	97,549	0.37%
51	Clear Blue Financial Group	103,154	106,281	0.36%
52	Tiptree Financial Group	100,751	55,906	0.36%
53	Dorinco ReInsurance Co	99,946	98,719	0.35%
54	Acuity Insurance Co	98,197	84,446	0.35%
55	Trisura Group	96,418	89,229	0.34%
56	AmTrust Financial Serv Group	95,609	82,842	0.34%
57	Frontline Insurance Group	94,414	83,641	0.33%
58	West Bend Insurance Co	90,720	83,155	0.32%
59	Sutton National Insurance Holdings Group	87,140	43,047	0.31%
60	Shelter Insurance Group	86,445	81,929	0.31%
61	Farmers mutual Protection Assn Group	76,268	72,184	0.27%
62	Allstate Insurance Group	75,287	72,562	0.27%
63	Sentry Insurance Group	72,639	67,876	0.26%
64	Peoples Trust Insurance Co	71,569	73,168	0.25%
65	Progressive Group	70,253	66,392	0.25%
Source: National Association of Insurance Commissioners (NAIC), 2024

 

 

Brief Description of 20 Largest Fire Insurance Companies in The United States of America (USA)

 

1. Starr Insurance Group   

Starr insurance was founded by Cornelius Vander Starr in 1919 in Shanghai, China and to date, Star insurance still has headquarters in New York City, New York. Along with business development, Starr Insurance has a presence in around 128 countries. Financially, in 2023, total assets of Starr insurance reached USD 37 billion with Shareholders equity reaching USD 11.6 billion.

Specifically, in the fire insurance industry, Starr Insurance successfully earned premium written USD 2,132,752 thousand and premium earned of USD 1,676,053 thousand. Furthermore, in the fire insurance industry, Starr Insurance has a total market share of 7.54% in the USA's fire insurance market.

 

2. Berkshire Hathaway Group        

Historically, Berkshire Hathaway was founded in 1839 in Cumberland, Rhode Island by Oliver Chace. Later, Berkshire Hathaway was developed by Warren E. Buffet from a textile company to investment business company and has completely grown into large holding companies with diversified investment portfolios from miscellaneous sectors including the insurance sector. In the insurance sector, Berkshire Hathaway has some insurance-based companies, namely Government Employees Insurance Company (GEICO), General Re, Berkshire Hathaway Homestate Companies, Berkshire Hathaway Specialty (BHSI), Berkshire Hathaway GUARD Insurance Companies, MLMIC Insurance Companies, National Indemnity Primary Group, United States Liability Insurance Companies, Central States Indemnity.

Financially, according to the Berkshire Hathaway Annual Report of 2024, Berkshire Hathaway has total assets of USD 1,153 billion with total liabilities USD 502 billion. Furthermore, in terms of business performance of 2024, Berkshire Hathaway successfully gained total revenue of USD 371 billion with net income of USD 89.5 billion from all its diverse businesses. In the life insurance industry, Berkshire Hathaway has a relatively acceptable position. Specifically, Berkshire Hathaway gained a premium written of USD 1,912,486 thousand and premium earned of USD 1,640,043 thousand. Finally, Berkshire Hathaway has a total market share of 6.76% in the USA's fire insurance market.

 

3. FM Global Group 

FM is an American mutual insurance company based in Johnston, Rhode Island, United States founded by Zachariah Allen in 1835. Operationally, FM has 5,500 people. Financially, in 2023, the total assets of FM Global reached USD 34.4 billion with total liabilities of USD 12 billion. In terms of business performance, FM Global successfully gained net income of USD 3.7 billion.

Specifically, in the fire insurance industry, the total premium written by the FM Global Group      amounts to $1,720,511 thousand and the premium earned stands at USD 1,477,303 thousand. In addition, compared to other companies, FM Global Group holds a significant position in the life insurance industry with a market share of 6.08% according to NAIC report.

 

4. American International Group (AIG)    

 

American International Group, Inc., also known as AIG, is an American multinational insurance corporation. Historically, it was founded by Cornelius Vander Starr on December 19, 1919. Along with business development, AIG has a presence in 190 countries which has total employees of 25,200 people. In the year 2024, according to the financial position on the balance sheet in the AIG's annual report of 2024, the AIG has total assets around USD 161 billion with total liabilities around USD 118 billion. Based on the business performance in 2023, the company successfully gained total revenue around USD 27.2 billion but suffered net loss around USD 1.4 billion.

As one of the world’s largest insurance companies, American International Group (AIG) also has a relatively acceptable position in the fire insurance industry. Specifically, in the fire insurance industry American International Group (AIG) successfully gained premium written of USD 1,368,960 thousand with premium earned of USD 1,289,490 thousand. Furthermore, AIG has a market share of 4.84% in the USA’s fire insurance market.

 

5. Travelers Group  

The Travelers Companies, Inc., commonly known as Travelers, is an American insurance company and along with business development, The Travelers has more than 30,000 employees and 15,000 independent agents and brokers spreading over the United States, Canada, the United Kingdom, and Ireland. Financially, according to its annual report of 2024, Travelers companies have total assets of USD 133 billion and total liabilities recorded at USD 106 billion. In terms of business performance, Travelers generated total revenue of USD 46.4 billion and an operating income of USD 4.9 billion.

Furthermore, Travelers also have a strong position in fire insurance in the USA. Specifically, Travelers group successfully collected premium written of USD 1,316,005 thousand with premium earned of USD 1,166,535 thousand. Specifically, Travelers group has a total market share of 4.65% in the USA’s life insurance market.

 

6. 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. Along with business development, Liberty Mutual has existed in more than 29 Countries and employed more than 40,000 worldwide. Financially, in 2023 according to its annual report, The Liberty Mutual maintained a solid financial foundation, with total assets at USD 165 billion and total liabilities standing at USD 140 billion. In terms of business performance, the company gained total revenue of USD 49.4 billion and successfully reached a net income of USD 0.22 billion.

According to NAIC report on its performance on the fire insurance industry in the year 2023, Liberty Mutual Group successfully has premium written USD 1,266,501 thousand and premium earned of USD 1,155,716 thousand. Overall, Liberty has a total market share of 4.47% in the USA’s fire industry.

 

7. Allianz Insurance Group

Allianz Group was founded by Carl von Thieme and Wilhelm von Finck on February 5th, 1890. Along with business development, as of 2023, Allianz employed over 157,000 people worldwide. Financially, according to the annual report of 2023, the Allianz Insurance company has total assets around EUR 983 billion or equivalent to USD 1,022 billion and total Liabilities around EUR 919 billion or equivalent to USD 955 billion. Based on the business performance in 2023, the company gained revenue and total revenue EUR 91.2 billion or equivalent to USD 94.8 billion and net income around net income EUR 9 billion or equivalent to USD 9.36 billion.

In the fire insurance industry of the United States (USA) on NAIC report, Allianz Insurance Group basically has recorded premium written USD 1,191,795 thousand and successfully gained premium earned of USD 1,107,160 thousand. Furthermore, Allianz Insurance Group has a total market share of 4.21% of the USA's fire insurance industry.

 

8. Zurich Insurance Group

Zurich Insurance Group Ltd is a Swiss insurance company that has its main head office in Zürich. Historically, this company was founded in 1872. As of 2023, Zurich has presence in more than 200 countries and territories and has employed about 60,000 people. Financially, based on the financial conditions on the Balance sheet in 2023, the company has total assets around USD 361 billion with total liabilities around USD 335 billion. Based on the business performance in 2023, the company gained revenue of USD 56 billion and net income around USD 4.7 billion.

Specifically, in the fire insurance industry, Zurich Insurance Group recorded premium written of USD 992,965 thousand and successfully gained premium earned of USD 954,899 thousand. In addition, Zurich Insurance has a total market share of 3.51% in the USA’s fire insurance industry.

 

9. Chubb Ltd Group

Chubb is one of the world's largest insurance companies. Operationally, Chubb has executive offices in Zurich, New York, London, Paris, and other locations, and employs approximately 40,000 people worldwide. In terms of financial aspects, in 2024, according to its Annual Report (SEC-Filing 10K), the total assets of Chubb reached USD 246 billion, while total liabilities reached USD 178 billion. In terms of business performance, Chubb successfully gained total revenue of USD 55.7 billion and reaped a net income of USD 9.6 billion.

In the USA’s market in fire insurance industry, Chubb has premium written of USD 841,340 thousand and successfully gained premium earned of USD 782,168 thousand. Based on its comparison to other companies in the fire insurance industry, Chubb Ltd has a total market share of 2.97%

 

10. Farmers Insurance Group        

Founded by John C. Tyler and Thomas E. Leavey in 1928, Farmers Insurance has grown into leading insurance companies in the United States of America (USA) with more than 48,000 exclusive and independent agents and employed 21,000 of people. To date, Farmers insurance still has a central office in Los Angeles, California, U.S.A. In the financial aspects in 2023, total assets of Farmers insurance reached USD 23.7 billion with total liabilities of USD 19.2 billion. In terms of business performance, Farmers insurance suffered net losses of USD -652 million. In the fire insurance industry of USA’s market, Farmers Insurance Group has a premium written of USD 810,882 thousand with successfully gained premium earned of USD 776,013 thousand. Specifically, in the fire insurance industry, Farmers Insurance has a market share of 2.87%.

 

11. Munich Re Group            

Munich RE was founded 3 April 1880 and still has a central office in Munich, Germany and employed 43,584 people as of 31 December2024. Financially, in the year 2023 according to its balance sheet of 2023, Munich RE still has total assets of EUR 273 billion or equivalent to USD 283 billion with total liabilities of EUR 244 billion or equivalent to USD 253 billion. In terms of business performance in the income statements of 2023, the total revenue of Munich RE reached EUR 57.8 billion or equivalent to USD 60 billion with net income of Net Income of EUR 4.5 billion or equivalent to USD 4.6 billion.

In the fire insurance industry, Munich Re Group has a premium written of USD 770,571 thousand and successfully gained a premium earned of USD 652,288 thousand. Compared to other companies in the fire insurance industry, Munich Re has a total market share of 2.72%.

 

12. Core Specialty Insurance Holdings Group  

Core Specialty and its subsidiary insurers, offers a diversified range of property, casualty, and marine insurance products. Operationally, this company has a central office in Cincinnati, Ohio. In the fire insurance industry, Core Specialty Insurance Holdings Group has premium written of USD 655,539 thousand and successfully has a premium earned of USD 531,051 thousand. Compared to other companies in the fire insurance industry, Core Specialty Insurance has a total market share of 2.32%.

 

13. Auto Owners Group      

Since its establishment in 1916 by Vern V. Moulton Auto-Owners Insurance has grown into the leading insurance industry, which has nearly 3 million policyholders. In terms of employees, until 2023, the company has 8,000 licensed agents in 26 states. Financially, in terms of financial position, Auto Owners has total assets of Total assets of USD 36 billion. Specifically, in the fire insurance industry, Auto Owners Group has premium written of USD 587,501 thousand and successfully gained premium earned of USD 510,829 thousand. In addition, Auto Owners Group has a market share of 2.08%.

 

14. Germania Insurance Group    

Germania Insurance was founded in 1896 and still has headquarters in Brenham, Texas. In fire insurance, Germania Insurance Group also has an acceptable position in fire insurance which has premium written USD 540,453 thousand and premium earned of USD 503,953 thousand. In the market share of the fire industry, Germania Insurance has a market share of 1.91%.

 

15. Arch Insurance Group 

Arch Insurance Group Inc., a division of Arch Capital Group Ltd. (ACGL), which has insurance products. Founded in 2022, this company still has a central office in Jersey City, New Jersey. In terms of financial aspects, in 2024, according to its balance sheet and income statements, total assets of Arch Insurance are USD 70.9 billion, while total liabilities achieved USD 50 billion. Specifically, in the fire insurance industry, Arch Insurance Group has premium written USD 536,343 thousand and premium earned USD 473,906 thousand. Specifically, Arch Insurance Group has a total market share of 1.90% in USA’s fire insurance.

 

16. Axa Insurance Group    

AXA insurance is a French insurance company which was founded in 1816 by Claude Bébéar. Operationally, AXA still has a central office in Paris, France. In terms of business development, Axa has existed and expanded their business in over 51 countries with a total of 147,000 employees and serving around 94 million of its customers. In the year 2023, financially, based on its published Axa’s annual report, the Axa Group has total assets around EUR 644 billion or equivalent to USD 669 billion and total liabilities around EUR 592 billion or equivalent to USD 615 billion. Based on the business performance in 2023, the company gained total revenue of or equivalent to and net income around EUR 7.3 billion or equivalent to USD 7.5 billion.

As one of the leaders in the insurance industry, Axa also has an acceptable position in the fire insurance industry which has premium written of USD 530,657 thousand and successfully gained premium earned of USD 559,855 thousand. Overall, Axa Insurance has a total market share of 1.87% in the USA’s fire insurance industry.

 

17. Assurant Inc Group       

Assurant is an insurance company which was founded in 1892 and has a central office in Atlanta. Along with business development until 2023, this Assurant Inc has more than 13,600 employees around the world and served more than 300 million of its customers. Furthermore, in the year 2024, Assurant has total assets of USD 35 billion with total liability of USD 29 billion. In terms of business performance, Assurant Inc successfully gained total revenue of USD 11.8 billion with net income of USD 0.76 billion.

Specifically in the fire insurance industry, Assurant Inc Group has recorded the premium written of USD 473,965 thousand and successfully gained premium earned of USD 456,341 thousand. Furthermore, Assurant Inc has a market share of 1.67% in the fire insurance industry.

 

18. Fairfax Financial Group             

Fairfax Financial Holdings Limited is a holding company which, through its subsidiaries, is primarily engaged in property and casualty insurance and reinsurance and associated investment management. In global operation, Fairfax has existed in more than 100 countries and employed 21,233 people. In terms of business performance in the year 2023, Fairfax Financial has gained a net income of USD 4.4 billion.

Fairfax Financial Group has recorded premium written by USD 395,665 thousand with premium earned of USD 358,266 thousand. Furthermore, in the year of 2023, compared to other companies, Fairfax Financial has a total market share of 1.40% in the USA’s fire insurance market.

 

19. Swiss Re Group

Swiss Reinsurance Company Ltd known as Swiss Re is the insurance company which has a central office in Zurich, Switzerland. Historically, this company was founded on December 19th, 1863. Along with business development of the company, Swiss Re has employed around 14,400 people and branches offices in 70 worldwide. Financially, in the year of 2024, according to the annual report of 2024, Swiss Re has total assets of USD 127 billion with total liabilities of USD 103 billion. In terms of business performance in 2024, Swiss Re successfully gained insurance revenue reaching USD 45.5 billion with Net Income USD 3.2 billion.

Swiss Re Group in the fire insurance industry has recorded a premium written reaching USD 353,110 thousand with successfully gained premium earned of USD 342,138 thousand. Furthermore, in the fire insurance industry, Swiss Re has a total market share of 1.25%.

 

20. Scor Group          

Scor Group is financial, and insurance company was founded in 1970 and still has headquarters in Paris, France. Along with business development, Scor has grown into 65 countries, which has 3,491 employees, serving 5,200 clients across the nations. Financially, according to the balance sheet of the annual report 2023, Scor has total assets of EUR 35.4 billion and shareholders equity of EUR 4.7 billion. In terms of business performance, Scor gained total net income of EUR 0.8 billion.

Scor Group in the fire insurance industry has premium written of USD 323,193 thousand and successfully gained premium earned of USD 271,812 thousand. Specifically, Scor Group has a market share of 1.14%.

 

The Rank of 20 Largest Fire Insurance Companies in The United States of America (USA) Based on Premiums Written in 2023

 

The Rank of 20 Largest Fire Insurance Companies in The United States of America (USA) Based on Premiums Earned in 2023

 

 

Bibliography of 20 Largest Fire Insurance Companies in The United States of America (USA)

 

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Starr Insurance Group.2025. Annual Report 2023. Accessed via https://starrcompanies.com/ on March 2nd, 2025.

Berkshire Hathaway Group.2025. Annual Report 2023. Accessed via https://www.berkshirehathaway.com/reports.html on March 2nd, 2025.

FM Global Group.2025. Annual Report 2023. Accessed via https://www.fm.com/about-us/our-financials on March 2nd, 2025.

American International Group (AIG).2025. Annual Report 2023. Accessed via https://www.aig.com/home/investor-relations/sec-filings on March 2nd, 2025.

Travelers Group.2025. Annual Report 2023. Accessed via Travelers Investor Relations | Home  on March 2nd, 2025.

Liberty mutual Group.2025. Annual Report 2023. Accessed via Financial Reports | LMG  on March 2nd, 2025.

Allianz Insurance Group.2025. Annual Report 2023. Accessed via https://www.allianz.com/en/investor_relations.html   on March 2nd, 2025.

Zurich Insurance Group.2025. Annual Report 2023. Accessed via Information for investors and shareholders | Zurich Insurance on March 2nd, 2025.

Chubb Ltd Group.2025. Annual Report 2023. Accessed via https://investors.chubb.com/financials/annual-reports/default.aspx on March 2nd, 2025.

Farmers Insurance Group.2025. Annual Report 2023. Accessed via https://investors.farmers.com/Farmers-Insurance-Exchange-Financial-Reports March 2nd, 2025.

Munich Re Group.2025. Annual Report 2023. Accessed via www.munichre.com on March 2nd, 2025.

Core Specialty Insurance Holdings Group.2025. Annual Report 2023. Accessed via Homepage on March 2nd, 2025.

Auto Owners Group.2025. Annual Report 2023. Accessed via Annual Report - Auto-Owners Insurance on March 2nd, 2025.

Germania Insurance Group.2025. Annual Report 2023. Accessed via About Germania Insurance Company - Insurance Texans Trust on March 2nd, 2025.

Arch Insurance Group.2025. Annual Report 2023. Accessed via https://ir.archgroup.com/CorporateProfile?utm_source=global-secondary&utm_medium=insurance&utm_campaign=investor-relations   on March 2nd, 2025.

Axa Insurance Group.2025. Annual Report 2023. Accessed via https://www.axa.com/investor    on March 2nd, 2025.

Assurant Inc Group.2025. Annual Report 2023. Accessed via https://ir.assurant.com/investor-relations/default.aspx   on March 2nd, 2025.

Fairfax Financial Group.2025. Annual Report 2023. Accessed via https://www.fairfax.ca/investors/  on March 2nd, 2025.

Swiss Re Group.2025. Annual Report 2023. Accessed via https://www.swissre.com/investors.html  on March 2nd, 2025.

Scor Group.2025. Annual Report 2023. Accessed via https://www.scor.com/en/investors   on March 2nd, 2025.