Best's News


Best's Rankings: US Property/Casualty NPW Rises 8.8% in 2024; Combined Ratio Moves Below 100

    print icon

OLDWICK, N.J. //BestWire// - U.S. property/casualty net premiums written increased 8.8% to $929.81 billion in 2024, according to a new Best’s Rankings report.



No. 3 Progressive Insurance Group’s NPW rose 21%, the highest rate of increase among the 10 largest writers, to $74.41 billion.

No. 1 writer State Farm Group’s NPW were up 16.4% to $107.76 billion, the second-highest rate of increase of the top 10 writers.

Berkshire Hathaway Insurance was the No. 2 writer with $80.32 billion in NPW, 4.1% higher than in 2023. Its combined ratio after dividends was the lowest among the 10 largest writers, at 84.6.

The industry combined ratio after dividends improved last year to 96.6 from 101.6. Four of the largest 10 writers exceeded that average: State Farm, 105; No. 6 Liberty Mutual Insurance Cos., 100.2; No. 8 Chubb INA Group, 97.7; and No. 10 American Family Insurance Group, 97.1.

The ranking includes NPW, admitted assets and policyholder surplus and percentage change. It includes combined ratio after dividends and more.

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 Renée Kiriluk-Hill, senior associate editor, BestWire: Renee.Kiriluk-Hill@ambest.com)


Financial Ratios Premiums Best's Rankings Property And Casualty Insurers


Latest News

More from Best’s News


Trending

1
ARTIFICIAL INTELLIGENCE
Allianz Partners: AI-Aided Transition Will Impact Up to 1,800 Jobs
Jul 08, 2026 02:48 PM (EDT)


3
MERGERS AND ACQUISITIONS
Sompo to Acquire Workers' Comp Underwriter Service Insurance Cos.
Jul 08, 2026 02:37 PM (EDT)

4


1
BEST'S CREDIT RATING ACTION
AM Best Affirms Credit Ratings of National Indemnity Company and Its Affiliates
Apr 16, 2026 12:04 PM (EDT)

2
NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS
NAIC Offers Guidance on Quarterly Filings Following Cyberbreach
Jul 06, 2026 03:19 PM (EDT)

3
CYBER LIABILITY
Aflac Japan Data Breach Under Investigation
Jul 01, 2026 11:30 AM (EDT)

4
PEOPLE IN INSURANCE
Alliant Insurance Services Appoints EVP for M&A Vertical
Jul 02, 2026 05:20 PM (EDT)

5
LIQUIDATION
PHL Variable Liquidation Expected for 2027, Rehabilitator Says
Jul 07, 2026 01:04 PM (EDT)

1
BEST'S CREDIT RATING ACTION
AM Best Affirms Credit Ratings of National Indemnity Company and Its Affiliates
Apr 16, 2026 12:04 PM (EDT)


3
NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS
Update: NAIC Discloses Data Breach in Software System
Jun 23, 2026 04:18 PM (EDT)




    

1
BEST'S CREDIT RATING ACTION
AM Best Affirms Credit Ratings of National Indemnity Company and Its Affiliates
Apr 16, 2026 12:04 PM (EDT)




5
BEST'S CREDIT RATING ACTION
AM Best Affirms Credit Ratings of Skyward Specialty Insurance Group’s Members
Aug 14, 2025 10:54 AM (EDT)