Best's Rankings: US 2024 Other Commercial Auto Liability DPW Rose 12.8%
OLDWICK, N.J. //BestWire// - U.S. 2024 other commercial automobile liability direct premiums written rose 12.8% to $54.57 billion in 2024, according to a new Best's Rankings report.
DPW for the top 25 writers rose 13.0% to $36.84 billion.
The top four writers of other commercial auto liability retained their positions from the previous year.
Top-ranked Progressive Insurance Group's DPW rose 10.5% to $8.16 billion. Second-ranked Travelers Group's DPW rose 13.1% to $3.02 billion. For No. 3 Liberty Mutual Insurance Cos., DPW rose 6.0% to $2.20 billion.
The rest of the top 10 writers saw their DPW rise by double digits. Berkshire Hathaway Insurance advanced to No. 5 from No. 6 as its DPW rose 36.3% to $2.09 billion.
The three-page report examines 2024 DPW; percent change; market share and adjusted loss ratios for 2024, 2023 and 2022; and other commercial auto liability DPW as a percent of company premiums.
Subscribers can access the report and data here.
Learn more about Best's News and Research Service.
AM Best data sourced from Best's Financial Suite, US.
(By David Pilla, news editor, BestWire: David.Pilla@ambest.com)