Best's Rankings: US Property/Casualty Three-Month 2026 NPW Up 2.8%; Farmers Grows 15.9%
OLDWICK, N.J. //BestWire// - U.S. property/casualty net premiums written increased 2.8% to $252.49 billion while the combined ratio after dividends improved 6.9 points to 92 in the first quarter of 2026, according to a new Best's Rankings report.
Farmers Insurance Group posted the strongest growth among the top writers as NPW rose 15.9% to $5.68 billion, making it the ninth-largest U.S. property/casualty insurer in the quarter as its post-dividend net combined ratio improved to 74.8 from 99.8.
Net premiums written increased for each of the 10 largest writers except Allstate Insurance Group, where they declined 0.2% to $13.84 billion.
No. 1 State Farm Group's NPW rose 2% to $27.86 billion. Its post-dividend combined ratio improved to 111.4 from 118.6 from in the prior-year period and was the sole top-10 writer and one of two top-20 writers whose ratio exceeded 100.
No. 2 Progressive Insurance Group's NPW increased 6.5% to $23.64 billion. Its post-dividend combined ratio worsened fractionally to 84.8 from 84.4 a year earlier.
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 2026 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)