Best's News


Best’s News & Research Service - September 25, 2023 03:28 PM (EDT)

Best’s Rankings: US P/C 2022 Accident and Health Lines Direct Premiums Written Rise 10.4%

    print icon

OLDWICK, N.J. //BestWire// - The U.S. property/casualty accident & health lines industry’s direct premiums written increased 10.4% to $8.17 billion in 2022, according to a new Best’s Rankings report.

State Farm Group, the No. 1 carrier in the segment, saw its DPW drop 0.9% in 2022 to $1.05 billion. The company held a market share of 12.9% last year, down from 14.4% in 2021.

Fairfax Financial (USA) Group moved up one spot to take second place in the ranking, with its $849.7 million in DPW for 2022 up by 15%. Fairfax notched a market share of 10.4% in 2022, up from 10% the prior year. Berkshire Hathaway Insurance also moved up one spot to grab the No. 3 position with a reported 2022 DPW of $837.9 million, up 41.1% from 2021. Berkshire Hathaway held a 10.3% market share for 2022, which was up from the 8% it had the previous year.

Chubb INA Group moved down two places to take the fourth-place position with $804.5 million in DPW up by 8.5% in 2022. Chubb had a market share of 9.9% in 2022, compared with 10% in 2021.

The three-page report measures: 2022 direct premiums written; the percentage change; market share for 2022, 2021 and 2020, adjusted loss ratios for 2022, 2021 and 2020, and the line as a percentage of company premiums.

Subscribers to Best’s News and Research Service can download the report at no charge, including data in spreadsheet format.

Subscribers can access the report and data here.

Learn more about Best’s News and Research Service.

(By Terrence Dopp, senior associate editor, Best’s Review:

Accident Insurance Property And Casualty Insurance Best's Rankings

Latest News

More from Best’s News


To Submit News go to -