The National Association of Insurance Commissioners has released preliminary 2024 market share reports for life/fraternal and property/casualty insurers, providing countrywide direct written premium and market share rankings based on annual financial statement data filed with the NAIC. The datasets cover the top 25 groups and companies and identify leading writers across key lines. With 83.86% of life and accident/health insurers reporting, direct premiums written for life insurance total USD 179,970,211,773 and the combined total for life insurance, annuity considerations, and accident/health totals USD 970,088,034,752; the top 10 reporting life insurers account for 47.20% cumulative market share. With 84.41% of property and casualty insurers reporting, direct premiums written across all lines total USD 974,969,511,332; the top 10 reporting companies account for 51.40%, and private passenger auto is the largest line at USD 344,112,348,754, about 35% of written premiums. The figures reflect filings received as of March 3 and will be refreshed daily through March 7, then each Monday throughout March. More comprehensive 2024 market share reports for groups and companies are expected this summer.
National Association Of Insurance Commissioners 2025-03-03
National Association of Insurance Commissioners publishes 2024 market share data for life and property and casualty insurers
The National Association of Insurance Commissioners released preliminary 2024 market share reports for life/fraternal and property/casualty insurers, detailing direct written premiums and market share rankings. With over 83% of insurers reporting, life insurance premiums total USD 179.97 billion, while property and casualty premiums total USD 974.97 billion. The top 10 life insurers hold 47.20% market share, and the top 10 property and casualty companies hold 51.40%, with private passenger auto as the largest line.