Building up to code: insurers back stronger building codes to lessen catastrophe losses, but progress is slow in two Gulf States.Stronger building codes have made a big difference in hurricane losses in Florida, and efforts are being made to bring some of that success to Louisiana and Mississippi in the wake of hurricanes Katrina and Rita. But start-up problems plague the process in Louisiana, and Mississippi's new code applies only to a few coastal areas and is optional. "It's a start," said Tim Reinhold, vice president of engineering for the Institute for Business and Home Safety. "That's just a start down the path they need to go." Most of Louisiana's parishes did not have any building code prior to the new statewide code, which was signed into law in December 2005 and still has a year to be fully implemented. Several coastal parishes have had the code implemented through an emergency provision. Meanwhile, Mississippi, which also lacked building codes in most of the state, has created a commission charged with developing a voluntary statewide code. Emergency provisions for a few of the coastal counties were enacted, but those counties can opt out. "We would like to see all of the coastal counties require new buildings be built to be resistant to floods and resistant to hurricanes" said Keith Lessner, vice president of loss control for the Property Casualty Insurers Association of America. Insurers favor stronger building codes in hurricane-prone areas because they reduce losses. "Building codes are a critical part of a larger loss mitigation effort," said Greg Heidrich, senior vice president of policy development and research at PCI. Heidrich said Florida's adoption of a statewide building code in 1995 had a "dramatic effect on loss prevention." "When we looked at the damage from Hurricane Charley, we were really able to see the difference" agreed Reinhold. Houses that would have been blown apart under the old code were still standing, he said. Studies showed a large reduction in the number of claims filed for homes built under Florida's statewide code. According to Reinhold, homes built after the post-Hurricane Andrew codes in Florida had 30% fewer losses than homes built in the 1980s and 1970s.And only 10% to 20% of homes built under the statewide Florida code had filed claims, compared with about 50% of homes built before the post-Andrew codes. "It's incredible the difference between how a new home fared, compared to an older home right next to it," said Sam Miller, executive vice president of the Florida Insurance Council. "The building code made a dramatic difference?" Key Points * Stronger building codes have successfully reduced losses from hurricanes in Florida. * Implementation of new building codes in Louisiana and Mississippi has many hurdles to cross. * While builders have concerns with added costs, insurers believe consumers will pay for the added safety. PREPARING FOR THE WORST: Properly nailed straps securely connect the trusses with the wall. to help withstand catastrophic stress. Start-Up Problems But in both Louisiana and Mississippi, the new codes face challenges in implementation, said Reinhold. "They've got to get their builders up to speed and that takes time," Reinhold said. "It's going to take time. They have a way to go. It's going to be a lot of training for people?" Randy Noel, chairman of the Louisiana Code Council, said the lack of code officials and inspectors in the state who understand the new code has presented many problems. "The immediate problem is no one had a clue what was in those standards," Noel said. "The problem is, it's not something you learn quick. The home builders don't know what to build and the code officials don't know what to inspect. It's slowing down the rebuilding process?" Reinhold said in the first few months after the code became effective, no building permits were issued because code officials and building inspectors did not understand the new rules. Noel said issuance of permits is still "very slow." The "huge slowdown" in construction is a big issue in a state trying to rebuild from Hurricane Katrina. Noel said prior to the hurricane, 15,000 to 18,000 homes a year were being built. That number has risen to 20,000 new homes a year to be built, with another 200,000 homes in the state that still need repairing. Since the Louisiana code's implementation, the number of building inspectors has increased from 35 to 120, Noel said, but he said there's still not enough manpower to handle the load. This is complicated, he said, by the expense municipalities will face in order to open code offices, which will likely cause permit prices to soar. But a potential solution is regional planning commissions forming code offices, something Noel said there is movement on. On the Fast Track Under legislation signed in December 2005, the 11 Louisiana parishes hardest hit by Katrina had 30 days to implement the new building code if they already had building inspectors. Otherwise, they had 90 days. The parishes are shown below. Mississippi has created a commission charged with developing a voluntary statewide building code. Emergency provisions were enacted for the coastal counties shown below, but those counties can opt out. Noel said another problem for builders in Louisiana is that the new code is so complex. He said, under the code, builders have to design every house from scratch, which is "problematic" "There's not a simple list of things to do," he said. "It has to be so much simpler." Reinhold said the Institute for Business and Home Safety is working on ways to help Louisiana builders build while they learn the new code and it is developing a simplified checklist of the new requirements for builders to follow. However, this doesn't help builders' other concern of cost. Noel said the rising cost of permits, coupled with the added materials and other costs, is going to cause a spike in cost for builders of about 15% to 20%. This is on top of a 15% rise in costs related to Katrina. He believes this will cause housing prices to go up at least 8% in the long term. Reinhold said the cost increase is moderate and the new codes will "make a huge difference" in losses from storms. Noel said that will help insurers, but builders worry how the increased costs will affect them down the road. "We're working through what we have to work through. If it costs more, we'll just pass it along to the customer," Noel said. "It'll hurt us in the long run" "The building code discussion reminds me a little bit of the air bag discussion 15 years ago," Heidrich said. "The automakers weren't sure Americans would pay for safety." Now air bags are integral to auto advertising campaigns, he noted. STANDING UP TO STRESS: Hardware straps provide the continuous load path from the double top plate, across and down the framing members on a garage return wall. Updates in Florida Back in Florida, Reinhold said structurally the statewide codes were a step forward, but water intrusion was still a factor during the 2004 and 2005 hurricanes. He said the code is being updated to include roof covers and other water issues, which could help reduce claims by 30%. He also said Florida builders "are being pretty receptive" to fine tuning the code. The Florida Home Builders Association "believes it's important to note the evolution of the code must continue to look at the latest technology, while also giving due consideration to the cost of change," said Edie Ousley, public affairs director for the FHBA FHBA - Florida Home Builders Association. Ousley said the FHBA "long-supported a single statewide code because it provides for more consistent construction when moving from jurisdiction to jurisdiction. A uniform code also provides for better understanding of requirements and better education and training on the code." Florida's code, Ousley said, "has proven itself." "With two back-to-back record-breaking seasons of damaging hurricanes, the code has performed exactly as it was designed to do" Ousley said. "In the last two years, we've seen the proof. Newer-built homes have withstood the storms, and damage has been minimal. New testing of construction techniques and products, as well as new hurricane-resistant products, continue to make the code better" Meanwhile, Florida Gov. Jeb Bush signed a bill into law earlier this year that provides $250 million in funding for a hurricane mitigation program. Under the program, homeowners can apply for dollar-for-dollar matching grants of up to $5,000 to help pay to retrofit their home for hurricane resistance. The program also provides free hurricane-proofing inspections. Heidrich said PCI supports incentive programs to retrofit older homes and said insurers generally take mitigation efforts into account in their market actions. And, he said, stronger building codes are needed in all catastrophe-prone states, not just the Gulf region, though not always statewide. The issue is one of the key items PCI is focusing on and the trade association will push for more code improvements in 2007, Heidrich said One of the other issues that goes hand-in-hand with stronger building codes is land use laws. Homes are being built in areas where there were no homes before, many are moving to the coast and homes are increasingly exposed to risk, Heidrich said. States need to ask if people should be allowed to build in certain risky areas, he said. Land use restrictions, Heidrich said, are a natural fit with stronger building codes.
Direct Premiums Written by Line, Property/Casualty, United States-2005
($ Thousands)
Direct
Premiums % of %
Business Line Written Total Chg
Private Passenger
Auto Liability 96,659,166 20.1 0.9
No-fault 11,247,012 2.4 0.1
Other Liability 84,412,154 17.8 1.0
Private Passenger Auto
Physical Damage 65,666,779 13.8 -0.4
Homeowners Multiple Peril 56,624,233 11.9 6.3
Workers' Compensation 55,478,129 11.7 2.0
Other Liability 51,217,818 10.8 2.2
Commercial Multiple Peril 33,746,912 7.1 3.4
Non-liability 19,963,299 4.2 2.7
Liability 13,783,613 2.9 4.5
Commercial Auto Liability 22,321,256 4.7 -0.5
No-fault 576,364 0.4 2.7
Other Liability 21,744,893 4.6 -0.6
Inland Marine 11,983,023 2.5 6.9
Medical Malpractice 11,473,706 2.4 0.5
Fire 8,921,340 1.9 2.4
Commercial Auto
Physical Damage 7,546,818 1.6 -0.4
Allied 6,919,662 1.5 1.6
Mortgage Guaranty 5,157,672 1.1 2.9
Group Accident & Health 4,833,919 1.0 -11.6
Surety 4,410,935 0.9 5.3
Product Liability 4,233,530 0.9 -0.6
Multiple Peril Crop 3,898,600 0.8 -6.9
Financial Guaranty 3,030,641 0.6 -0.3
Ocean Marine 2,838,543 0.6 5.4
Other Accident & Health 2,405,027 0.5 -10.9
Farmowners Multiple Peril 2,397,033 0.5 4.2
Aircraft 2,068,319 0.4 5.4
Earthquake 2,037,983 0.4 6.0
Federal Flood 1,917,504 0.4 8.4
Fidelity 1,234,600 0.3 -3.3
Credit 1,106,019 0.2 11.2
Boiler and Machinery 1,082,362 0.2 -2.0
Federal Employees Health 970,178 0.2 -16.4
Burglary and Theft 129,314 0.0 -0.7
Miscellaneous 3,472,274 0.7 -4.9
Total P/C Industry $474,783,297 100.0 1.6
Adjusted
Loss Ratio
Business Line 2005 2004
Private Passenger
Auto Liability 62.4 62.7
No-fault 83.2 76.7
Other Liability 59.5 60.9
Private Passenger Auto
Physical Damage 57.2 53.4
Homeowners Multiple Peril 73.4 66.0
Workers' Compensation 66.8 69.4
Other Liability 63.5 73.2
Commercial Multiple Peril 61.2 54.3
Non-liability 71.5 56.5
Liability 46.4 51.0
Commercial Auto Liability 54.1 55.8
No-fault 60.5 55.5
Other Liability 54.0 55.8
Inland Marine 64.3 43.1
Medical Malpractice 52.5 63.6
Fire 54.7 32.9
Commercial Auto
Physical Damage 50.2 47.2
Allied 237.8 93.2
Mortgage Guaranty 35.8 39.9
Group Accident & Health 67.6 70.9
Surety 41.6 60.3
Product Liability 60.7 98.5
Multiple Peril Crop 55.0 69.9
Financial Guaranty 14.1 18.7
Ocean Marine 92.7 62.3
Other Accident & Health 68.4 63.9
Farmowners Multiple Peril 52.8 56.7
Aircraft 55.5 38.5
Earthquake 12.1 9.4
Federal Flood 865.8 99.5
Fidelity 42.3 45.7
Credit 44.1 47.8
Boiler and Machinery 17.3 23.2
Federal Employees Health 94.1 93.9
Burglary and Theft 19.0 25.5
Miscellaneous 63.6 65.7
Total P/C Industry 67.3 61.6
Business Line Leading Writer AMB #
Private Passenger
Auto Liability State Farm Group 00088
No-fault State Farm Group 00088
Other Liability State Farm Group 00088
Private Passenger Auto
Physical Damage State Farm Group 00088
Homeowners Multiple Peril State Farm Group 00088
Workers' Compensation State Camp Ins Fund CA 04028
Other Liability Amer Intl Group, Inc 18540
Commercial Multiple Peril St. Paul Travelers Group 17647
Non-liability St. Paul Travelers Group 18647
Liability St. Paul Travelers Group 18647
Commercial Auto Liability St. Paul Travelers Group 18647
No-fault Progressive Ins Group 18647
Other Liability St. Paul Travelers Group 00780
Inland Marine CNA Ins Cos 18647
Medical Malpractice MLMIC Group 18313
Fire Amer Intl Group, Inc 18439
Commercial Auto
Physical Damage State Farm Group 18540
Allied FM Global Group 18502
Mortgage Guaranty Mortgage Guar Group 03014
Group Accident & Health Anthem Ins Cos Inc 00607
Surety St. Paul Travelers Group 18647
Product Liability Amer Intl Group, Inc 18540
Multiple Peril Crop Ace INA Group 18498
Financial Guaranty Ambac Finl Group 18449
Ocean Marine Amer Intl Group, Inc 18540
Other Accident & Health State Farm Group 00088
Farmowners Multiple Peril Nationwide Group 05987
Aircraft Amer Intl Group, Inc 18540
Earthquake CA Earthquake Authority 12534
Federal Flood Fidelity Nat Group 18606
Fidelity Chubb Group of Ins Cos 00012
Credit EULER Amer Credit Indemnity Co 02097
Boiler and Machinery FM Global Group 18502
Federal Employees Health Anthem Ins Cos Inc 00607
Burglary and Theft Chubb Group of Ins Cos 00012
Miscellaneous
Total P/C Industry State Farm Group 00088
Business Line Leading Writer AMB #
Private Passenger
Auto Liability State Farm Group 00088
No-fault State Farm Group 00088
Other Liability State Farm Group 00088
Private Passenger Auto
Physical Damage State Farm Group 00088
Homeowners Multiple Peril State Farm Group 00088
Workers' Compensation State Camp Ins Fund CA 04028
Other Liability Amer Intl Group, Inc 18540
Commercial Multiple Peril St. Paul Travelers Group 17647
Non-liability St. Paul Travelers Group 18647
Liability St. Paul Travelers Group 18647
Commercial Auto Liability St. Paul Travelers Group 18647
No-fault Progressive Ins Group 18647
Other Liability St. Paul Travelers Group 00780
Inland Marine CNA Ins Cos 18647
Medical Malpractice MLMIC Group 18313
Fire Amer Intl Group, Inc 18439
Commercial Auto
Physical Damage State Farm Group 18540
Allied FM Global Group 18502
Mortgage Guaranty Mortgage Guar Group 03014
Group Accident & Health Anthem Ins Cos Inc 00607
Surety St. Paul Travelers Group 18647
Product Liability Amer Intl Group, Inc 18540
Multiple Peril Crop Ace INA Group 18498
Financial Guaranty Ambac Finl Group 18449
Ocean Marine Amer Intl Group, Inc 18540
Other Accident & Health State Farm Group 00088
Farmowners Multiple Peril Nationwide Group 05987
Aircraft Amer Intl Group, Inc 18540
Earthquake CA Earthquake Authority 12534
Federal Flood Fidelity Nat Group 18606
Fidelity Chubb Group of Ins Cos 00012
Credit EULER Amer Credit Indemnity Co 02097
Boiler and Machinery FM Global Group 18502
Federal Employees Health Anthem Ins Cos Inc 00607
Burglary and Theft Chubb Group of Ins Cos 00012
Miscellaneous
Total P/C Industry State Farm Group 00088
% of
% Writer's
Market Total
Business Line Share DPW
Private Passenger
Auto Liability 17.5 35.4
No-fault 16.7 4.0
Other Liability 17.6 31.4
Private Passenger Auto
Physical Damage 17.9 24.8
Homeowners Multiple Peril 22.2 26.5
Workers' Compensation 11.1 100.0
Other Liability 18.3 32.7
Commercial Multiple Peril 9.0 14.5
Non-liability 9.4 8.8
Liability 8.5 5.6
Commercial Auto Liability 7.4 7.8
No-fault 10.6 0.4
Other Liability 7.5 7.7
Inland Marine 7.4 9.9
Medical Malpractice 7.6 97.3
Fire 14.0 4.4
Commercial Auto
Physical Damage 7.2 1.2
Allied 13.6 40.8
Mortgage Guaranty 26.4 100.0
Group Accident & Health 26.9 49.5
Surety 19.9 4.1
Product Liability 12.6 1.9
Multiple Peril Crop 22.5 12.6
Financial Guaranty 27.6 97.7
Ocean Marine 11.4 1.1
Other Accident & Health 32.7 1.7
Farmowners Multiple Peril 8.3 1.3
Aircraft 29.1 2.1
Earthquake 24.7 100.0
Federal Flood 17.3 66.6
Fidelity 19.7 2.5
Credit 13.0 100.0
Boiler and Machinery 25.6 12.0
Federal Employees Health 100.0 37.0
Burglary and Theft 23.9 0.3
Miscellaneous
Total P/C Industry 10.0 100.0
Second
Business Line Leading Writer AMB #
Private Passenger
Auto Liability Allstate Ins Group 00008
No-fault Allstate Ins Group 00008
Other Liability Allstate Ins Group 00008
Private Passenger Auto
Physical Damage Allstate Ins Group 00008
Homeowners Multiple Peril Allstate Ins Group 00008
Workers' Compensation Amer Intl Group, Inc 18540
Other Liability Zurich Finl Svcs NA Group 18549
Commercial Multiple Peril Hartford Ins Group 00048
Non-liability Hartford Ins Group 00048
Liability Hartford Ins Group 00048
Commercial Auto Liability Progressive Ins Group 00780
No-fault Amer Transit Ins Co 04660
Other Liability Progressive Ins Group 00780
Inland Marine Amer Intl Group, Inc 18540
Medical Malpractice Amer Intl Group, Inc 18540
Fire St. Paul Travelers Group 18647
Commercial Auto
Physical Damage Zurich Finl Svcs NA Group 18549
Allied St. Paul Travelers Group 18647
Mortgage Guaranty Radian Group 18150
Group Accident & Health State Farm Group 00088
Surety Zurich Finl Svcs NA Group 18549
Product Liability Zurich Finl Svcs NA Group 18549
Multiple Peril Crop Centurion Ins Group 18188
Financial Guaranty MBIA Group 03166
Ocean Marine St. Paul Travelers Group 18647
Other Accident & Health CNA Ins Cos 18313
Farmowners Multiple Peril State Farm Group 00088
Aircraft XL America Group 18130
Earthquake State Farm Group 00088
Federal Flood State Farm Group 00088
Fidelity Amer Intl Group Inc 18540
Credit Stonebridge Casualty Ins Co 00323
Boiler and Machinery Amer Intl Group, Inc 18540
Federal Employees Health
Burglary and Theft St. Paul Travelers Group 18647
Miscellaneous
Total P/C Industry Amer Intl Group, Inc 18540
% of
% Writer's
Market Total
Business Line Share DPW
Private Passenger
Auto Liability 10.8 37.8
No-fault 11.1 4.6
Other Liability 10.8 33.3
Private Passenger Auto
Physical Damage 11.8 28.3
Homeowners Multiple Peril 12.5 25.7
Workers' Compensation 11.0 21.3
Other Liability 7.5 30.2
Commercial Multiple Peril 6.1 17.0
Non-liability 6.7 11.0
Liability 5.3 6.0
Commercial Auto Liability 6.6 10.3
No-fault 9.1 23.6
Other Liability 6.5 9.9
Inland Marine 6.8 2.8
Medical Malpractice 7.5 3.0
Fire 7.5 3.2
Commercial Auto
Physical Damage 5.9 3.5
Allied 6.9 2.3
Mortgage Guaranty 18.0 83.5
Group Accident & Health 13.1 1.3
Surety 8.7 3.0
Product Liability 12.1 4.0
Multiple Peril Crop 15.6 99.0
Financial Guaranty 23.2 100.0
Ocean Marine 10.3 1.4
Other Accident & Health 19.7 5.3
Farmowners Multiple Peril 6.6 0.3
Aircraft 14.7 9.5
Earthquake 9.4 0.4
Federal Flood 15.2 0.6
Fidelity 17.8 0.8
Credit 12.7 53.7
Boiler and Machinery 14.5 0.5
Federal Employees Health
Burglary and Theft 22.5 0.1
Miscellaneous
Total P/C Industry 6.0 100.0
Source: A.M. Best Statement Products: State/Line. For more information
about custom data, call (908) 439-2200, Ext. 5383.
Total Auto
2005 Direct Premiums Written ($ Thousands)
State Farm Group $29,621,055
Allstate Ins Group $18,757,710
Progressive Ins Group $13,992,947
Berkshire Hathaway Ins $10,459,551
Nationwide Group $8,625,374
% Change in Premiums
State Farm Group -2.3%
Allstate Ins Group 6.1%
Progressive Ins Group
Progressive Ins Group 4.3%
Berkshire Hathaway Ins 11.5%
Nationwide Group 2.4%
Note: Table made from bar graph.
Total Auto, Top Writers, United States--2005
Rank is based on direct premiums written in 2005.
($ Thousands)
2005 Direct %
Premiums Change in
Rank Company/Group AMB # Written Premiums
1 State Farm Group 00088 $29,621,055 -2.3
2 Allstate Ins Group 00008 18,757,710 6.1
3 Progressive Ins Group 00780 13,992,947 4.3
4 Berkshire Hathaway Ins 00811 10,459,551 11.5
5 Nationwide Group 05987 8,625,374 2.4
6 Farmers Ins Group 00032 8,286,332 0.9
7 USAA Group 04080 5,698,446 1.4
8 Amer Intl Group, Inc 18540 5,542,521 5.9
9 Liberty Mutual Ins Cos 00060 5,498,840 -6.3
10 St. Paul Travelers Group 18647 5,404,374 -8.7
11 Amer Family Ins Group 00124 3,657,204 -0.1
12 Hartford Ins Group 00048 3,415,867 1.5
13 Safeco Ins Cos 00078 3,152,636 5.0
14 Mercury Gen Group 04524 2,640,397 10.3
15 Erie Ins Group 04283 2,254,164 -2.6
16 MetLife Auto & Home Group 18552 2,139,499 -1.7
17 Auto-Owners Ins Group 04354 2,010,156 -1.0
18 Auto Club Southern CA 18515 1,912,286 7.6
Group
19 CA State Auto Group 18460 1,822,173 3.1
20 Zurich Finl Svcs NA Group 18549 1,721,035 -5.1
21 GMAC Ins Group 18431 1,717,574 2.6
22 Commerce Group, Inc 02966 1,655,398 1.3
23 Unitrin, Inc 05948 1,382,970 -1.4
24 Southern Farm Bureau 02962 1,322,209 -1.7
Group
25 Auto Club Group 00312 1,268,482 -3.9
Top 25 Companies $143,959,201 1.6
Total U.S. P/C Industry $191,194,020 0.2
Market Share (%)
Rank Company/Group 2005 2004 2003
1 State Farm Group 15.5 15.9 16.5
2 Allstate Ins Group 9.8 9.3 9.0
3 Progressive Ins Group 7.3 7.0 6.5
4 Berkshire Hathaway Ins 5.5 4.9 4.5
5 Nationwide Group 4.5 4.4 4.4
6 Farmers Ins Group 4.3 4.3 4.4
7 USAA Group 3.0 2.9 3.0
8 Amer Intl Group, Inc 2.9 2.7 2.6
9 Liberty Mutual Ins Cos 2.9 3.1 3.0
10 St. Paul Travelers Group 2.8 3.1 3.1
11 Amer Family Ins Group 1.9 1.9 1.9
12 Hartford Ins Group 1.8 1.8 1.7
13 Safeco Ins Cos 1.6 1.6 1.4
14 Mercury Gen Group 1.4 1.3 1.1
15 Erie Ins Group 1.2 1.2 1.2
16 MetLife Auto & Home Group 1.1 1.1 1.2
17 Auto-Owners Ins Group 1.1 1.1 1.1
18 Auto Club Southern CA 1.0 0.9 0.9
Group
19 CA State Auto Group 1.0 0.9 0.9
20 Zurich Finl Svcs NA Group 0.9 1.0 1.0
21 GMAC Ins Group 0.9 0.9 0.9
22 Commerce Group, Inc 0.9 0.9 0.8
23 Unitrin, Inc 0.7 0.7 0.6
24 Southern Farm Bureau 0.7 0.7 0.7
Group
25 Auto Club Group 0.7 0.7 0.7
Top 25 Companies 75.3 74.3 73.2
Total U.S. P/C Industry 100.0 100.0 100.0
% of
Adjusted Loss Ratios Company
Rank Company/Group 2005 2004 2003 Premiums
1 State Farm Group 64.2 59.8 64.9 62.5
2 Allstate Ins Group 55.0 55.5 57.7 68.4
3 Progressive Ins Group 54.7 52.5 54.7 97.9
4 Berkshire Hathaway Ins 61.7 61.3 66.9 78.4
5 Nationwide Group 62.9 58.5 61.0 56.2
6 Farmers Ins Group 60.5 60.9 59.5 57.2
7 USAA Group 70.0 63.3 64.2 67.2
8 Amer Intl Group, Inc 60.7 60.0 63.0 19.4
9 Liberty Mutual Ins Cos 54.4 60.5 62.2 33.8
10 St. Paul Travelers Group 49.3 58.2 60.9 25.5
11 Amer Family Ins Group 58.8 62.9 66.9 60.7
12 Hartford Ins Group 58.0 58.6 58.9 28.0
13 Safeco Ins Cos 57.4 55.1 57.6 54.5
14 Mercury Gen Group 54.7 51.8 56.3 89.9
15 Erie Ins Group 63.4 64.8 70.0 57.0
16 MetLife Auto & Home Group 54.9 57.3 65.4 70.3
17 Auto-Owners Ins Group 62.4 59.0 65.4 44.7
18 Auto Club Southern CA 56.8 54.5 63.6 86.4
Group
19 CA State Auto Group 54.3 57.5 62.7 80.2
20 Zurich Finl Svcs NA Group 55.9 48.7 56.6 13.5
21 GMAC Ins Group 64.4 69.6 73.0 68.6
22 Commerce Group, Inc 53.2 53.2 62.4 88.3
23 Unitrin, Inc 60.0 59.7 61.4 70.4
24 Southern Farm Bureau 65.8 65.2 71.7 60.7
Group
25 Auto Club Group 83.7 61.6 109.7 81.7
Top 25 Companies 59.7 58.5 62.4 52.8
Total U.S. P/C Industry 59.2 58.1 62.3 40.3
Source: A.M. Best Statement Products: State/Line. For more information
about custom data, call (908) 439-2200, Ext. 5383.
Commercial Multiple Peril
2005 Direct Premiums Written ($ Thousands)
St. Paul Travelers Group $3,043,289
Hartford Ins Group $3,043,289
Chubb Group of Ins Cos $2,072,172
State Farm Group $1,511,323
Nationwide Group $1,510,119
% Change in Premiums
St. Paul Travelers Group -0.8%
Hartford Ins Group 5.1%
Chubb Group of Ins Cos 3.7%
State Farm Group 7.0%
Nationwide Group 11.5%
Note: Table made from bar graph
Homeowners Multiple Peril
2005 Direct Premiums Written ($ Thousands)
State Farm Group $12,570,906
Allstate Ins Group $7,054,405
Farmers Ins Group $3,936,087
Nationwide Group
St. Paul Travelers Group $2,416,817
% Change in Premiums
State Farm Group 5.5%
Allstate Ins Group 13.0%
Farmers Ins Group 4.3%
Nationwide Group 7.5%
St. Paul Travelers Group 12.1%
Note: Table made from bar graph
Commercial Multiple Peril, Top Writers, United States--2005
Rank is based on 2005 direct premiums written.
($ Thousands)
2005 Direct %
Premiums Change in
Rank Group AMB # Written Premiums
1 St. Paul Travelers Group 18647 $3,043,289 -0.8
2 Hartford Ins Group 00048 2,072,172 5.1
3 Chubb Group of Ins Cos 00012 1,721,901 -3.7
4 State Farm Group 00088 1,511,323 7.0
5 Nationwide Group 05987 1,510,119 11.5
6 Zurich Finl Svcs NA Group 18549 1,440,453 1.2
7 Liberty Mutual Ins Cos 00060 1,348,185 0.6
8 CNA Ins Cos 18313 1,246,456 -3.2
9 Farmers Ins Group 00032 1,130,986 5.7
10 Allianz of America Inc 18429 992,754 6.6
11 Philadelphia Ins Group 00476 878,131 19.6
12 Cincinnati Ins Cos 04294 848,905 6.1
13 Auto-Owners Ins Group 04354 730,377 1.8
14 Safeco Ins Cos 00078 677,530 -3.3
15 Allstate Ins Group 00008 657,235 11.2
16 W.R. Berkley Group 04655 618,563 12.9
17 Erie Ins Group 04283 496,467 1.4
18 Harleysville Ins 03916 450,023 6.3
19 Amer Intl Group, Inc 18540 447,096 -9.6
20 Church Mutual Ins Co 00259 394,518 9.4
21 White Mountains Ins Group 18490 393,025 -6.4
22 Amer Family Ins Group 00124 392,097 3.0
23 HanoverIns Grp Prop &
Cas Cos 04861 376,538 -0.6
24 OH Gas Group 00726 348,542 -3.8
25 OBE Re Group--US 18222 329,596 18.0
Top 25 Companies $24,056,280 3.1
Total U.S. P/C Industry $33,746,912 3.4
Market Share (%)
Rank Group 2005 2004 2003
1 St. Paul Travelers Group 9.0 9.4 10.0
2 Hartford Ins Group 6.1 6.0 5.8
3 Chubb Group of Ins Cos 5.1 5.5 5.5
4 State Farm Group 4.5 4.3 4.2
5 Nationwide Group 4.5 4.2 3.8
6 Zurich Finl Svcs NA Group 4.3 4.4 4.4
7 Liberty Mutual Ins Cos 4.0 4.1 4.0
8 CNA Ins Cos 3.7 3.9 4.4
9 Farmers Ins Group 3.4 3.3 3.1
10 Allianz of America Inc 2.9 2.9 2.7
11 Philadelphia Ins Group 2.6 2.3 1.8
12 Cincinnati Ins Cos 2.5 2.5 2.3
13 Auto-Owners Ins Group 2.2 2.2 2.0
14 Safeco Ins Cos 2.0 2.1 2.0
15 Allstate Ins Group 1.9 1.8 1.6
16 W.R. Berkley Group 1.8 1.7 1.6
17 Erie Ins Group 1.5 1.5 1.4
18 Harleysville Ins 1.3 1.3 1.2
19 Amer Intl Group, Inc 1.3 1.5 1.4
20 Church Mutual Ins Co 1.2 1.1 1.0
21 White Mountains Ins Group 1.2 1.3 0.9
22 Amer Family Ins Group 1.2 1.2 1.1
23 HanoverIns Grp Prop &
Cas Cos 1.1 1.2 1.2
24 OH Gas Group 1.0 1.1 1.1
25 OBE Re Group--US 1.0 0.9 0.8
Top 25 Companies 71.3 71.5 69.4
Total U.S. P/C Industry 100.0 100.0 100.0
% of
Adjusted Loss Ratios Company
Rank Group 2005 2004 2003 Premiums
1 St. Paul Travelers Group 74.6 39.6 41.9 14.4
2 Hartford Ins Group 69.0 46.9 66.4 17.0
3 Chubb Group of Ins Cos 63.1 24.7 38.8 17.8
4 State Farm Group 76.5 53.2 48.2 3.2
5 Nationwide Group 56.6 69.8 47.1 9.8
6 Zurich Finl Svcs NA Group 97.4 130.0 57.1 11.3
7 Liberty Mutual Ins Cos 68.0 46.1 35.2 8.3
8 CNA Ins Cos 53.2 41.4 61.7 14.0
9 Farmers Ins Group 42.4 41.5 54.6 7.8
10 Allianz of America Inc 52.8 34.6 30.7 19.7
11 Philadelphia Ins Group 44.8 39.0 39.6 69.8
12 Cincinnati Ins Cos 47.1 56.1 51.1 26.3
13 Auto-Owners Ins Group 36.0 73.2 60.5 16.2
14 Safeco Ins Cos 30.9 47.9 43.4 11.7
15 Allstate Ins Group 115.2 132.4 48.1 2.4
16 W.R. Berkley Group 43.3 38.2 42.0 15.5
17 Erie Ins Group 34.7 38.2 75.7 12.5
18 Harleysville Ins 48.6 52.9 62.1 35.7
19 Amer Intl Group, Inc 45.7 62.6 38.8 1.6
20 Church Mutual Ins Co 92.9 75.6 60.8 70.9
21 White Mountains Ins Group 43.4 50.6 84.1 15.4
22 Amer Family Ins Group 46.9 46.6 52.9 6.5
23 HanoverIns Grp Prop &
Cas Cos 127.7 59.1 50.1 15.9
24 OH Gas Group 51.9 45.5 57.2 23.2
25 OBE Re Group--US 64.8 53.5 42.4 39.9
Top 25 Companies 63.5 53.6 49.9 9.4
Total U.S. P/C Industry 61.2 54.3 50.2 7.1
Source: A.M. Best Statement Products: State/Line. For more information
about custom data, call (908) 439-2200, Ext. 5383.
Medical Malpractice
2005 Direct Premiums Written ($ Thousands)
MLMIC Group $871,089
Amer Intl Group, Inc $856,834
Berkshire Hathaway Ins $710,021
ProAssurance Group $612,242
CNA Ins Cos $516,517
% Change in Premiums
MLMIC Group -4.2%
Amer Intl Group, Inc -6.5%
Berkshire Hathaway Ins -10.6%
ProAssurance Group -4.9%
CNA Ins Cos 12.4%
Note: Table made from bar graph
Workers' Compensation
2005 Direct Premiums Written ($ Thousands)
State Comp Ins Fund CA $6,141,323
Amer Intl Group, Inc $6,110,500
Liberty Mutual Ins Cos $5,068,918
St. Paul Travelers Group $2,943,126
Hartford Ins Group $2,942,961
% Change in Premiums
State Comp Ins Fund CA -25.3%
Amer Intl Group, Inc 10.4%
Liberty Mutual Ins Cos 7.4%
St. Paul Travelers Group -3.4%
Hartford Ins Group 37.3%
Note: Table made from bar graph
Homeowners Multiple Peril, Top Writers, United States-2005
Rank is based on 2005 direct premiums written.
($ Thousands)
2005 Direct %
Premiums Change in
Rank Group AMB # Written Premiums
1 State Farm Group 00088 $12,570,906 5.5
2 Allstate Ins Group 00008 7,054,405 13.0
3 Farmers Ins Group 00032 3,936,087 4.3
4 Nationwide Group 05987 2,703,828 7.5
5 St. Paul Travelers Group 18647 2,416,817 12.1
6 USAA Group 04080 2,273,354 9.3
7 Liberty Mutual Ins Cos 00060 1,716,041 7.2
8 Chubb Group of Ins Cos 00012 1,607,688 8.0
9 Amer Family Ins Group 00124 1,434,809 -0.2
10 Hartford Ins Group 00048 943,717 8.7
11 Auto-Owners Ins Group 04354 840,000 5.6
12 MetLife Auto & Home Group 18552 798,772 5.7
13 Safeco Ins Cos 00078 774,962 -2.4
14 Erie Ins Group 04283 735,873 0.0
15 Southern Farm Bureau
Group 02962 556,136 7.0
16 Allianz of America, Inc 18429 542,111 7.8
17 Amer Intl Group, Inc 18540 469,305 3.9
18 Country Ins & Finl Svcs 00302 453,719 7.1
19 Hanover Ins Grp Prop &
Cas Cos 04861 423,047 -2.7
20 CA State Auto Group 18460 409,066 16.2
21 Arnica Mutual Group 18522 386,998 5.1
22 Vesta Ins Group 05681 342,707 -4.8
23 Cincinnati Ins Cos 04294 303,158 5.5
24 Unitrin, Inc 05948 294,018 5.6
Tower Hill Group 18636 285,914 59.8
Top 25 Companies $44,273,437 7.1
Total U.S. P/C Industry $56,624,233 6.3
Market Share (%)
Rank Group 2005 2004 2003
1 State Farm Group 22.2 22.4 22.4
2 Allstate Ins Group 12.5 11.7 11.3
3 Farmers Ins Group 7.0 7.1 7.4
4 Nationwide Group 4.8 4.7 4.7
5 St. Paul Travelers Group 4.3 4.0 3.6
6 USAA Group 4.0 3.9 3.7
7 Liberty Mutual Ins Cos 3.0 3.0 2.9
8 Chubb Group of Ins Cos 2.8 2.8 2.8
9 Amer Family Ins Group 2.5 2.7 2.6
10 Hartford Ins Group 1.7 1.6 1.6
11 Auto-Owners Ins Group 1.5 1.5 1.5
12 MetLife Auto & Home Group 1.4 1.4 1.5
13 Safeco Ins Cos 1.4 1.5 1.6
14 Erie Ins Group 1.3 1.4 1.3
15 Southern Farm Bureau
Group 1.0 1.0 1.0
16 Allianz of America, Inc 1.0 0.9 1.0
17 Amer Intl Group, Inc 0.8 0.8 0.9
18 Country Ins & Finl Svcs 0.8 0.8 0.8
19 Hanover Ins Grp Prop &
Cas Cos 0.7 0.8 0.9
20 CA State Auto Group 0.7 0.7 0.6
21 Arnica Mutual Group 0.7 0.7 0.6
22 Vesta Ins Group 0.6 0.7 0.8
23 Cincinnati Ins Cos 0.5 0.5 0.5
24 Unitrin, Inc 0.5 0.5 0.3
25 Tower Hill Group 0.5 0.3 0.2
Top 25 Companies 78.2 77.6 76.5
Total U.S. P/C Industry 100.0 100.0 100.0
% of
Adjusted Loss Ratios Company
Rank Group 2005 2004 2003 Premiums
1 State Farm Group 77.7 64.6 60.6 26.5
2 Allstate Ins Group 93.4 69.8 52.4 25.7
3 Farmers Ins Group 49.9 43.7 52.1 27.2
4 Nationwide Group 61.7 65.3 64.9 17.6
5 St. Paul Travelers Group 66.5 35.4 51.9 11.4
6 USAA Group 75.6 68.1 61.4 26.8
7 Liberty Mutual Ins Cos 73.4 62.1 59.6 10.5
8 Chubb Group of Ins Cos 47.4 56.2 61.6 16.6
9 Amer Family Ins Group 51.1 51.1 57.5 23.8
10 Hartford Ins Group 73.0 80.2 53.7 7.7
11 Auto-Owners Ins Group 60.5 93.5 71.8 18.7
12 MetLife Auto & Home Group 75.0 52.7 52.0 26.3
13 Safeco Ins Cos 39.9 40.4 50.8 13.4
14 Erie Ins Group 41.0 45.6 72.5 18.6
15 Southern Farm Bureau
Group 232.0 110.7 60.5 25.5
16 Allianz of America, Inc 70.3 56.6 56.1 10.7
17 Amer Intl Group, Inc 145.4 71.9 53.6 1.6
18 Country Ins & Finl Svcs 52.6 64.7 61.0 22.9
19 Hanover Ins Grp Prop &
Cas Cos 69.7 57.2 57.5 17.8
20 CA State Auto Group 36.0 31.6 34.4 18.0
21 Arnica Mutual Group 62.8 68.5 67.5 27.6
22 Vesta Ins Group 58.5 65.7 56.5 68.0
23 Cincinnati Ins Cos 66.8 85.1 79.8 9.4
24 Unitrin, Inc 56.5 46.4 54.4 15.0
25 Tower Hill Group 171.4 318.9 30.6 88.4
Top 25 Companies 73.9 62.4 57.9 18.0
Total U.S. P/C Industry 73.4 66.0 59.5 11.9
Source: A.M. Best Statement Products: State/Line. For more information
about custom data, call (908) 439-2200, Ext. 5383.
Medical Malpractice, Top Writers, United States--2005
Rank is based on 2005 direct premiums written.
($ Thousands)
2005 Direct %
Premiums Change in
Rank Group AMB # Written Premiums
1 MLMIC Group 18439 $871,089 -4.2
2 Amer Intl Group, Inc 18540 856,834 -6.5
3 Berkshire Hathaway Ins 00811 710,021 -10.6
4 ProAssurance Group 18559 612,242 -4.9
5 CNA Ins Cos 18313 516,517 12.4
6 Doctors Co Ins Group 18083 492,153 -0.5
7 ISMIE Mutual Group 18644 405,420 -4.9
8 Mag Mutual Group 18635 355,949 0.6
9 ProMutual Group 18359 344,706 22.1
10 Health Care Indemnity Inc 03701 331,020 -10.8
11 Norcal Group 18539 297,648 1.1
12 Physicians' Reciprocal 02888 290,698 0.9
Insurers
13 FPIC Ins Group, Inc 18457 279,540 -2.6
14 State Volunteer Mutual 03706 259,063 7.3
Ins Co
15 MCIC VT Inc Risk 12014 247,508 8.4
Retention Group
16 Zurich Finl Svcs NA Group 18549 207,650 0.6
17 Medical Mutual Group (MD) 05006 186,134 19.9
18 Markel Corp Group 18468 178,016 -3.6
19 APCapital Group 18321 174,912 -10.3
20 Mutual Ins Co of AZ 03659 168,572 10.4
21 Fairfax Financial (USA) 03116 148,701 4.3
Group
22 Allianz of America, Inc 18429 142,703 -8.4
23 SCPIE Cos 18350 141,069 5.4
24 Medical Mutual Group (NC) 18072 134,744 16.0
25 Midwest Medical Ins Co 02659 129,919 10.7
Top 25 Companies $8,482,827 -0.8
Total U.S. P/C Industry $11,473,706 0.5
Market Share (%)
Rank Group 2005 2004 2003
1 MLMIC Group 7.6 8.0 8.7
2 Amer Intl Group, Inc 7.5 8.0 8.4
3 Berkshire Hathaway Ins 6.2 7.0 8.3
4 ProAssurance Group 5.3 5.6 5.5
5 CNA Ins Cos 4.5 4.0 3.7
6 Doctors Co Ins Group 4.3 4.3 4.3
7 ISMIE Mutual Group 3.5 3.7 3.5
8 Mag Mutual Group 3.1 3.1 2.6
9 ProMutual Group 3.0 2.5 2.0
10 Health Care Indemnity Inc 2.9 3.3 3.5
11 Norcal Group 2.6 2.6 2.5
12 Physicians' Reciprocal 2.5 2.5 1.9
Insurers
13 FPIC Ins Group, Inc 2.4 2.5 2.7
14 State Volunteer Mutual 2.3 2.1 2.0
Ins Co
15 MCIC VT Inc Risk 2.2 2.0 2.2
Retention Group
16 Zurich Finl Svcs NA Group 1.8 1.8 1.8
17 Medical Mutual Group (MD) 1.6 1.4 1.1
18 Markel Corp Group 1.6 1.6 1.9
19 APCapital Group 1.5 1.7 1.8
20 Mutual Ins Co of AZ 1.5 1.3 1.2
21 Fairfax Financial (USA) 1.3 1.2 1.2
Group
22 Allianz of America, Inc 1.2 1.4 1.4
23 SCPIE Cos 1.2 1.2 1.3
24 Medical Mutual Group (NC) 1.2 1.0 0.9
25 Midwest Medical Ins Co 1.1 1.0 0.9
Top 25 Companies 73.9 74.9 75.1
Total U.S. P/C Industry 100.0 100.0 100.0
% of
Adjusted Loss Ratios Company
Rank Group 2005 2004 2003 Premiums
1 MLMIC Group 97.0 118.7 112.4 97.3
2 Amer Intl Group, Inc 29.5 59.6 69.1 3.0
3 Berkshire Hathaway Ins 56.7 55.5 73.1 5.3
4 ProAssurance Group 28.4 30.5 42.8 72.2
5 CNA Ins Cos 59.7 86.9 74.4 5.8
6 Doctors Co Ins Group 40.9 42.3 56.2 99.9
7 ISMIE Mutual Group 56.1 64.7 78.2 100.0
8 Mag Mutual Group 43.1 56.3 72.0 97.8
9 ProMutual Group 56.5 54.6 89.1 98.8
10 Health Care Indemnity Inc 56.0 44.0 76.5 100.0
11 Norcal Group 45.6 46.5 56.8 100.0
12 Physicians' Reciprocal 76.6 77.4 119.2 98.6
Insurers
13 FPIC Ins Group, Inc 45.5 45.4 72.2 98.7
14 State Volunteer Mutual 55.0 53.1 41.6 99.9
Ins Co
15 MCIC VT Inc Risk 94.4 89.9 110.8 95.5
Retention Group
16 Zurich Finl Svcs NA Group 21.2 136.6 183.0 1.6
17 Medical Mutual Group (MD) 47.5 93.1 93.6 99.9
18 Markel Corp Group 26.1 42.3 48.7 10.4
19 APCapital Group 47.5 62.2 88.1 98.8
20 Mutual Ins Co of AZ 70.7 65.6 78.5 100.0
21 Fairfax Financial (USA) 40.5 70.6 65.6 8.4
Group
22 Allianz of America, Inc 60.0 38.4 91.0 2.8
23 SCPIE Cos 25.6 60.2 57.0 98.3
24 Medical Mutual Group (NC) 51.0 47.3 57.4 100.0
25 Midwest Medical Ins Co 60.4 64.9 50.9 97.1
Top 25 Companies 53.1 65.4 78.6 10.8
Total U.S. P/C Industry 52.5 63.6 82.6 2.4
Source: A.M. Best Statement Products: State/Line. For more information
about custom data, call (908) 439-2200, Ext. 5383.
Workers' Compensation, Top Writers, United States--2005
Rank is based on 2005 direct premiums written.
($ Thousands)
2005 Direct %
Premiums Change in
Rank Group AMB # Written Premiums
1 State Comp Ins Fund CA 04028 $6,141,323 -25.3
2 Amer Intl Group, Inc 18540 6,110,500 10.4
3 Liberty Mutual Ins Cos 00060 5,068,918 7.4
4 St. Paul Travelers Group 18647 2,943,126 -3.4
5 Hartford Ins Group 00048 2,942,961 37.3
6 Zurich Finl Svcs NA Group 18549 2,307,565 1.3
7 State Ins Fund of NY 04029 1,596,553 5.9
8 Zenith Natl Ins Group 03020 1,130,995 5.5
9 Ace INA Group 18498 1,128,030 20.3
10 CNA Ins Cos 18313 1,084,002 -19.2
11 W.R. Berkley Group 04655 1,004,493 11.5
12 Chubb Group of Ins Cos 00012 865,064 3.4
13 TX Mutual Ins Co 11453 701,956 -1.7
14 Accident Fund Group 18680 679,888 13.4
15 Old Republic Gen Group 00734 594,163 15.1
16 Berkshire Hathaway Ins 00811 578,496 417.7
17 Pinnacol Assur Co 03471 562,796 8.5
18 Aon Corp Group 03341 508,105 -0.6
19 Great Amer P&C Ins Group 04835 468,805 3.3
20 Farmers Ins Group 00032 451,629 -2.3
21 Employers Ins Group 18602 450,740 23.2
22 NJM Ins Group 03985 449,921 14.0
23 Sentry Ins Group 00086 449,205 6.8
24 Saif Corp 03480 418,348 10.0
25 Everest Re US Group 05696 403,681 -37.7
Top 25 Companies $39,041,261 1.1
Total U.S. P/C Industry $55,478,129 2.0
Market Share (%)
Rank Group 2005 2004 2003
1 State Comp Ins Fund CA 11.1 15.1 15.4
2 Amer Intl Group, Inc 11.0 10.2 8.8
3 Liberty Mutual Ins Cos 9.1 8.7 8.2
4 St. Paul Travelers Group 5.3 5.6 5.9
5 Hartford Ins Group 5.3 3.9 3.6
6 Zurich Finl Svcs NA Group 4.2 4.2 3.8
7 State Ins Fund of NY 2.9 2.8 2.9
8 Zenith Natl Ins Group 2.0 2.0 1.7
9 Ace INA Group 2.0 1.7 1.5
10 CNA Ins Cos 2.0 2.5 3.1
11 W.R. Berkley Group 1.8 1.7 1.4
12 Chubb Group of Ins Cos 1.6 1.5 1.5
13 TX Mutual Ins Co 1.3 1.3 1.3
14 Accident Fund Group 1.2 1.1 1.0
15 Old Republic Gen Group 1.1 0.9 0.8
16 Berkshire Hathaway Ins 1.0 0.2 0.1
17 Pinnacol Assur Co 1.0 1.0 1.0
18 Aon Corp Group 0.9 0.9 1.0
19 Great Amer P&C Ins Group 0.8 0.8 0.7
20 Farmers Ins Group 0.8 0.9 0.8
21 Employers Ins Group 0.8 0.7 0.3
22 NJM Ins Group 0.8 0.7 0.7
23 Sentry Ins Group 0.8 0.8 0.8
24 Saif Corp 0.8 0.7 0.6
25 Everest Re US Group 0.7 1.2 1.5
Top 25 Companies 70.4 71.1 68.2
Total U.S. P/C Industry 100.0 100.0 100.0
% of
Adjusted Loss Ratios Company
Rank Group 2005 2004 2003 Premiums
1 State Comp Ins Fund CA 67.4 65.2 74.5 100.0
2 Amer Intl Group, Inc 74.9 60.0 62.8 21.3
3 Liberty Mutual Ins Cos 74.2 76.8 83.3 31.2
4 St. Paul Travelers Group 54.7 80.9 73.7 13.9
5 Hartford Ins Group 60.1 53.9 54.6 24.1
6 Zurich Finl Svcs NA Group 69.5 64.5 65.3 18.1
7 State Ins Fund of NY 86.2 86.9 86.3 100.0
8 Zenith Natl Ins Group 34.7 45.7 48.2 100.0
9 Ace INA Group 53.1 54.7 82.1 16.2
10 CNA Ins Cos 94.1 78.4 108.4 12.2
11 W.R. Berkley Group 65.2 72.0 62.1 25.2
12 Chubb Group of Ins Cos 46.9 51.0 52.9 8.9
13 TX Mutual Ins Co 73.6 69.6 64.0 100.0
14 Accident Fund Group 61.1 51.4 63.0 99.5
15 Old Republic Gen Group 74.4 79.1 84.3 21.4
16 Berkshire Hathaway Ins 88.3 187.6 124.3 4.3
17 Pinnacol Assur Co 71.8 87.9 78.0 100.0
18 Aon Corp Group 51.6 78.9 82.0 49.1
19 Great Amer P&C Ins Group 50.7 71.4 64.1 13.1
20 Farmers Ins Group 61.6 62.1 87.3 3.1
21 Employers Ins Group 46.8 48.2 -26.9 100.0
22 NJM Ins Group 99.8 98.7 95.0 30.8
23 Sentry Ins Group 60.7 70.5 72.2 21.4
24 Saif Corp 65.8 124.0 109.5 100.0
25 Everest Re US Group 41.6 50.8 61.7 42.2
Top 25 Companies 67.3 68.2 73.3 22.7
Total U.S. P/C Industry 66.8 69.4 74.9 11.7
Source: A.M. Best Statement Products: State/Line. For more information
about custom data, call (908) 439-2200, Ext. 5383.
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