Best’s News & Research Service - July 18, 2025 10:55 AM (EDT)
Best's Rankings: US Auto Liability 2024 DPW up 12% as Progressive Sees 21% Growth
OLDWICK, N.J. //BestWire// - U.S. automobile liability direct premiums written rose 12.0% to $256.63 billion in 2024, as top-ranked Progressive Insurance Group posted a 21.0% increase to $44.14 billion, according to a new Best's Rankings report.
Progressive's market share rose to 17.2% from the previous year's 15.9%.
The top eight biggest underwriters remained in place from the previous year. At No. 2, State Farm Group saw its DPW rise 14.8% to $37.47 billion. Third-ranked Berkshire Hathaway Insurance's 2024 DPW rose 7.1% to $26.37 billion.
After Progressive, State Farm and Berkshire Hathaway were the only other underwriters with double-digit market share. State Farm's market share rose to 14.6% from 14.2% while Berkshire Hathaway's fell to 10.3% from 10.8%.
The three-page ranking includes 2024 DPW; percent change from the previous year; market share and adjusted loss ratios for 2024, 2023 and 2022; and U.S. auto liability DPW as a percentage of company premiums.
Subscribers can access the ranking here.
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AM Best data sourced from Best's Financial Suite, US.
(By David Pilla, news editor, BestWire: David.Pilla@ambest.com)