Best’s News & Research Service - June 13, 2025 10:13 AM (EDT)
Best's Rankings: US Property/Casualty Three-Month 2025 NPW Rise 7.7%
OLDWICK, N.J. //BestWire// - U.S. property/casualty net premiums written increased 7.7% to $245.97 billion while the combined ratio after dividends worsened 4.7 points to 98.9 in the first quarter of 2025, according to a new Best's Rankings.
No. 1 State Farm Group's NPW rose 8.3% to $27.31 billion. Its post-dividend combined ratio worsened to 118.6 from 104.8 a year earlier, one of four top-10 writers whose ratio exceeded 100.
Progressive Insurance Group was the second-largest writer. NPW climbed 17.3% to $22.2 billion. The post-dividend combined ratio was flat at 84.4.
No. 7 Liberty Mutual Insurance Cos. saw its NPW decline 1.8% to $8.69 billion while its post-dividend combined ratio worsened to 101.6 from 99.8 in the prior-year period.
The Best's Rankings is based on submissions from affiliated and unaffiliated U.S. companies and licensed foreign insurers that submitted three-month statutory statements to AM Best by June 10.
The report on U.S. property/casualty writers’ three-month 2025 financial results includes NPW, admitted assets, policyholder surplus, percent changes and associated ratios.
Learn more about Best’s News and Research Service.
Subscribers can access the report and data here.
AM Best data sourced from Best’s Financial Suite, US.
(By Renée Kiriluk-Hill, senior associate editor, BestWire: Renee.Kiriluk-Hill@ambest.com)