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Best's Rankings
US Property/Casualty — 2021 Asset Distribution — 2022 Edition

Insurers were ranked by 2021 total admitted assets.
  • November 2022

($ Millions)

2021
Rank
2020
Rank
Company/Group AMB# Nonaffiliated
Bonds
% of
Assets
Nonaffiliated
Common
Stocks
% of
Assets
Affiliated
Bonds &
Stocks
% of
Assets
Cash &
Short-Term
Investments
% of
Assets
Total
Admitted
Assets
Gross Yield on
Invested Assets
2021 2020 2019
1 1 Berkshire Hathaway Ins 000811 $7,737 1.5 $305,746 58.6 $25,925 5.0 $76,781 14.7 $521,835 2.3 3.0 3.6
2 2 State Farm Group 000088 112,584 44.6 95,407 37.8 15,875 6.3 2,941 1.2 252,568 2.3 2.5 2.8
3 3 Liberty Mutual Ins Cos 000060 59,177 51.8 2,314 2.0 8,501 7.4 3,622 3.2 114,342 3.7 2.8 3.5
4 4 Travelers Group 018674 68,942 74.9 163 0.2 1,545 1.7 1,433 1.6 92,006 3.8 3.5 3.9
5 5 Chubb INA Group 018498 55,618 66.4 3,627 4.3 70 0.1 -1,123 -1.3 83,788 3.8 4.0 4.1
6 7 Allstate Ins Group 000008 34,432 50.7 5,051 7.4 1,102 1.6 2,283 3.4 67,980 6.9 3.5 3.9
7 6 Amer Intl Group 018540 40,331 60.4 194 0.3 1,142 1.7 1,755 2.6 66,754 4.2 3.6 4.1
8 9 Progressive Ins Group 000780 40,309 62.9 4,992 7.8 851 1.3 632 1.0 64,099 2.1 2.5 3.2
9 8 USAA Group 004080 25,365 43.1 6,270 10.7 12,099 20.6 -88 -0.2 58,813 2.8 3.3 3.3
10 10 Nationwide Group 005987 21,260 36.7 97 0.2 7,655 13.2 573 1.0 57,881 3.2 2.9 3.5
11 11 Hartford Ins Group 000048 30,809 61.5 921 1.8 165 0.3 1,398 2.8 50,128 3.8 3.7 4.2
12 12 CNA Ins Cos 018313 36,256 77.9 233 0.5 797 1.7 1,282 2.8 46,529 5.3 4.8 5.2
13 13 Farmers Ins Group 000032 22,811 55.7 885 2.2 8 0.0 443 1.1 40,934 2.7 3.3 3.9
14 15 Tokio Marine US PC Group 018733 21,783 64.5 166 0.5 1,125 3.3 810 2.4 33,766 4.8 4.6 4.7
15 14 Zurich Ins US PC Group 018549 18,160 53.9 1,162 3.4 0 0.0 228 0.7 33,712 3.1 3.3 3.4
16 16 Fairfax Financial (USA) Group 003116 4,779 15.4 1,520 4.9 3,489 11.2 10,370 33.3 31,094 2.2 2.4 2.6
17 19 Amer Family Ins Group 000124 16,833 57.3 2,768 9.4 1,085 3.7 764 2.6 29,358 3.5 7.7 5.3
18 17 Swiss Reins Group 003262 17,896 62.2 529 1.8 0 0.0 1,528 5.3 28,776 1.7 2.0 2.8
19 18 Auto-Owners Ins Group 004354 19,312 67.2 4,036 14.0 723 2.5 273 0.9 28,737 2.5 2.7 2.9
20 20 FM Global Group 018502 7,891 28.5 9,543 34.5 2,666 9.6 1,219 4.4 27,694 1.6 1.6 2.2
21 22 Munich-Amer Hldg Corp Cos 018753 17,483 67.4 98 0.4 106 0.4 891 3.4 25,954 1.9 2.6 3.0
22 21 W. R. Berkley Ins Group 018252 13,747 53.3 1,851 7.2 1,427 5.5 574 2.2 25,806 3.2 4.5 3.2
23 23 Erie Ins Group 004283 11,891 50.2 4,602 19.4 439 1.9 777 3.3 23,670 3.8 3.2 3.7
24 25 Alleghany Corp Group 018640 14,242 62.7 2,637 11.6 980 4.3 913 4.0 22,723 2.6 2.6 2.9
25 27 Everest Re US Group 005696 11,829 53.5 693 3.1 550 2.5 1,052 4.8 22,113 4.0 2.9 5.3
Top 25 Insurers $731,478 39.5 $455,504 24.6 $88,326 4.8 $111,329 6.0 $1,851,059 3.0 3.2 3.6
Total U.S. P/C Industry $1,215,321 45.8 $545,766 20.6 $97,301 3.7 $161,045 6.1 $2,655,793 3.0 3.1 3.5

Source: BestLink logo — Statement File - P/C, US; data as of Aug. 15, 2022.



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