In the driver's seat: commercial insurers increased premium 5% in 2011 and are expecting a similar boost this year.U.S. commercial group underwriters increased their direct written premiums by 5% to $237.6 billion in 2011 from 2010--the first year-over-year uptick UptickA transaction occurring at price above its previous transaction. In order for an uptick to occur, a transaction price must be followed by an increased transaction price. since 2006, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. BestLink. Commercial premiums are expected to continue to rise by 4.2% in 2012, said Daniel Ryan Daniel Ryan (died February 15, 1961) was an American figure skater who competed in ice dancing. His partner was Carol Ann Peters. After his competitive career ended, Ryan became a skating coach. , vice president of property/casualty ratings for A.M. Best Co. "It is our belief that commercial insurers will continue to seek out incremental rate increases in 2012 to offset depressed Depressed A description of a market, security, or product that is experiencing weak demand and lowering prices. Notes: A depressed market, security, or product implies that prices and volume are low. There are many reasons for a depressed market, security, or product. investment returns and diminishing di·min·ish v. di·min·ished, di·min·ish·ing, di·min·ish·es v.tr. 1. a. To make smaller or less or to cause to appear so. b. prior-year reserve releases," Ryan Ryan may refer to: Places
Several factors are driving the growth, Ryan said, including the combination of low investment yields, potential loss cost inflation and sluggish economic conditions. "Some companies are simply getting uncomfortable with current pricing levels while others are getting close to that inflection point Inflection Point An event that changes the way we think and act. -Andy Grove, Founder of Intel. Notes: For example, the fall of the Berlin Wall was an inflection point in global politics and the commercialization of the Internet was an inflection point in technology. where reported results are beginning to mirror accident-year results. The latter has a lot to do with the steady decrease in favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. prior-year reserve development. This is something A.M. Best has been concerned with for a couple of years now, "he said. Also driving the increase were rate needs in workers' compensation and certain catastrophe-exposed commercial property lines, Ryan said. [ILLUSTRATION OMITTED] The industry's $237.6 billion in premiums at year-end 2011 was still down 8.9% from 2007, according to BestLink, A.M. Best's online financial system, www.ambest.com/bestlink. AIG AIG addressee indicator group (US DoD) AIG American International Group, Inc AiG Answers in Genesis (religious group in defense of Scripture) AIG Artificial Intelligence Group AIG Australian Industry Group Smaller, But Still on Top American International Group Inc. remained the largest U.S. writer, although its commercial group direct written premium fell to $17.45 billion, down 3% from 2010 and down 32% from 2007. The drop is the result of a "confluence confluence /con·flu·ence/ (kon´floo-ins) 1. a running together; a meeting of streams.con´fluent 2. in embryology, the flowing of cells, a component process of gastrulation. of actions all stemming stemming - stemmer from the AIG crisis and U.S. government bailout bailout The financial rescue of a faltering business or other organization. Government guarantees for loans made to Chrysler Corporation constituted a bailout. in 2008," Ryan said. Among these actions were the divestitures of non-core insurance businesses, including companies such as Hartford Hartford, city (1990 pop. 139,739), state capital, Hartford co., central Conn., on the west bank of the Connecticut River; settled as Newtown 1635–36 on the site of a Dutch trading post (1633; abandoned 1654), inc. 1784. Steam Boiler boiler, device for generating steam. It consists of two principal parts: the furnace, which provides heat, usually by burning a fuel, and the boiler proper, a device in which the heat changes water into steam. , 21st Century Insurance Group and Transatlantic Re. "During this period, AIG also reduced its mortgage insurance operations and has taken a number of actions to right-size and de-risk its business relative to its post-crisis balance sheet,' Ryan said. Peter Eastwood Eastwood is the name of several places:
See America. for Chartis, AIG's property/casualty operations, said, "When we think about market share and being the largest writer, it's a nice thing, but it's not our exclusive goal. We don't wake up every day and say, 'how can we be the largest writer of property/casualty in the U.S. or elsewhere in the world?' Our primary goal is to have returns on the business that are in excess of our cost of capital, and to provide our customers with products and services that are responsive to their needs. But the fact that we are the largest writer says that we are doing some really good things for our customers, and that results in them voting for us by giving us business. It's a validation See validate. validation - The stage in the software life-cycle at the end of the development process where software is evaluated to ensure that it complies with the requirements. to some degree of our franchise and the quality of work we do in the marketplace:' The single biggest factor in Chartis' shrinking book has been the economy, he said. "It's basic supply and demand. There's been a significant retraction In the law of Defamation, a formal recanting of the libelous or slanderous material. Retraction is not a defense to defamation, but under certain circumstances, it is admissible in Mitigation of Damages. Cross-references Libel and Slander. in demand for coverage." Also, he acknowledged the fallout fallout, minute particles of radioactive material produced by nuclear explosions (see atomic bomb; hydrogen bomb; Chernobyl) or by discharge from nuclear-power or atomic installations and scattered throughout the earth's atmosphere by winds and convection currents. from the federal bailout of AIG. "Clearly, there was also some impact from AIG's liquidity event in September September: see month. 2008, and business has moved away from the organization as a result;' Eastwood said. "But we feel very good about where we are today." Chartis is also focusing on growing internationally, where business may be more profitable, Eastwood said. "The industry is arguably ar·gu·a·ble adj. 1. Open to argument: an arguable question, still unresolved. 2. That can be argued plausibly; defensible in argument: three arguable points of law. running returns on equity of mid-single digits, and there are parts of the world where the returns are better, in some cases substantially better," Eastwood said. "We have upwards of 90 different locations, and view that as a real competitive advantage." In the first quarter of 2012, Chartis' U.S./Canada business represented about 48% of its total book, down from 66% in 2007. "On a $35 billion portfolio, a 1% change can be fairly material," Eastwood said. The company has also worked to restructure unprofitable business in the past two to three years. "Premiums on loss-sensitive casualty are down by about approximately ap·prox·i·mate adj. 1. Almost exact or correct: the approximate time of the accident. 2. $1 billion as a result of our working with customers to restructure certain programs in a more capital-efficient way. We view that as a positive, because it helps us build a better return on equity," Eastwood said. [ILLUSTRATION OMITTED] Rates are improving, but "we don't think the returns are where they need to be in U.S. casualty, especially in guaranteed-cost workers' compensation" Eastwood said. "While we think we are getting meaningful rate increases, we are not convinced con·vince tr.v. con·vinced, con·vinc·ing, con·vinc·es 1. To bring by the use of argument or evidence to firm belief or a course of action. See Synonyms at persuade. 2. we are getting the returns we need and we've been pulling back from the business," he said. In speciality workers' comp comp See comparison. , Chartis has dropped its premiums to $700 million in 2011, down from $3 billion in 2007. Who Grew While AIG Shrank shrank v. A past tense of shrink. shrank Verb a past tense of shrink shrank shrink ? QBE (Query By Example) A method for describing a database query originally developed by IBM for mainframes. A replica of an empty record is displayed and the search conditions are typed in under their respective columns (fields). Americas Group entered the top 10 for the first time, boasting boast 1 v. boast·ed, boast·ing, boasts v.intr. To glorify oneself in speech; talk in a self-admiring way. v.tr. 1. To speak of with excessive pride. 2. a 16.8% year-over-year growth in direct premiums written. That increase is attributable attributable emanating from or pertaining to attribute. attributable proportion see attributable risk (below). attributable risk to "our acquisition of NAU (1) (Network Access Unit) An interface card that adapts a computer to a local area network. (2) (Network Addressable Unit) An SNA component that can be referenced by name and address, which includes the SSCP, LU and PU. Country, third-largest writer of multiperil crop insurance in the U.S.," said Frank Centore, communications manager for QBE North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . Also, three new companies now among the top 100 commercial writers may have benefited from AIG's 2008 troubles: Starr International Group, Ironshore Insurance Group and John Deere Insurance Co. All three have entered the market since 2007. "Prior to MG's bailout by the U.S. government, Starr was previously a broker and a shareholder in AIG. Since then, Start has been actively engaged in establishing a worldwide insurance presence in the U.S. and abroad. Nearly all of Starr's business is sourced by its affiliated af·fil·i·ate v. af·fil·i·at·ed, af·fil·i·at·ing, af·fil·i·ates v.tr. 1. To adopt or accept as a member, subordinate associate, or branch: broker" Ryan said. Starr Cos. is led by Maurice Maurice, Byzantine emperor Maurice (môr`ĭs), c.539–602, Byzantine emperor (582–602). He was a successful general when, on his deathbed, Tiberius II, his father-in-law and the successor of Justin II, proclaimed him "Hank hank n. 1. A coil or loop. 2. Nautical A ring on a stay attached to the head of a jib or staysail. 3. A looped bundle, as of yarn. " Greenberg, longtime long·time adj. Having existed or persisted for a long time: a longtime friend; a longtime resident of Detroit. longtime Adjective chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of AIG until he retired in 2005. Formed in late 2006, Ironshore has become "one of the fastest-growing start-ups," Ryan said. The company has "grown organically by hiring teams of people with access to large blocks of business." Ironshore is led by two former AIG executives: CEO Kevin Kelley Kevin Kelley (born Kevin Philip Kelley on June 29, 1967 in Brooklyn, New York) is a professional boxer and former television commentator. Amateur Career Southpaw Kevin Kelley won two New York Golden Gloves Championships. , the former chairman and CEO of Lexington Lexington. 1 City (1990 pop. 225,366), seat of Fayette co., N central Ky., in the heart of the bluegrass region; inc. 1832, made coextensive with Fayette co. 1974. Insurance Co., a subsidiary of Chartis; and Shaun Kelly Shaun Kelly (born December 11 1988) is a professional footballer with Chester City. The defender has been handed squad number 27 for the 2007-08 season. Kelly is a product of Chester's youth system and made his Football League debut as a late substitute against Shrewsbury , president and CEO of Ironshore's U.S. operations and former president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of Lexington Insurance Co. John Deere commenced business in 2010 and is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Deere & Co., the manufacturer of John Deere tractors Deere & Company began the company's expansion into the tractor business in 1912. Deere Company briefly experimented with its own tractor models, the most successful of which was the Dain All-Wheel-Drive. , Ryan said. "All business is generated by a John Deere affiliate Affiliate Relationship between two companies when one company owns substantial interest, but less than a majority of the voting stock of another company, or when two companies are both subsidiaries of a third company. See: Subsidiaries, parent company. and was previously written by AIG," Ryan said. In 2010, John Deere Insurance began writing this business on a direct basis. Key Points * Trending Now: Commercial property/casualty premiums are finally growing. * Behind the Scene: Firming prices are tied to low investment yields, potential loss cost inflation and sluggish economic conditions. * Shake-out: Starr Cos., Ironshore and John Deem benefited from AIG's troubles.
Top Commercial Group Writers, 2011
Commercial Group includes all lines of insurance coverage for
businesses. The lines with the most premium volume include
workers' compensation, commercial multiple peril, inland marine,
fire, medical professional liability and multiple peril crop.
($000) %
Company 2011 DPW 2010 DPW Change
American International Group 17,454,257 17,990,185 -2.98%
Travelers Group 14,791,276 14,284,230 3.55%
Liberty Mutual Insurance Cos. 14,305,974 13,615,934 5.07%
Zurich Financial Services NA Group 9,271,227 9,395,538 -1.32%
ACE INA Group 7,574,858 7,046,781 7.49%
Hartford Insurance Group 7,150,653 6,692,335 6.85%
CNA Insurance Cos. 7,048,021 6,678,594 5.53%
Chubb Group of Insurance Cos. 6,982,802 6,651,943 4.97%
Nationwide Group 5,082,691 4,745,430 7.11%
OBE Americas Group 4,463,208 3,822,613 16.76%
Allianz of America Cos. 4,455,151 4,268,027 4.38%
State Farm Group 3,834,566 4,226,863 -9.28%
Great American P & C Insurance 3,614,313 3,245,193 11.37%
Group
W. R. Berkley Group 3,502,218 3,156,429 10.96%
Old Republic Insurance Group 3,093,411 3,060,264 1.08%
Source: (AMB) BestLink[R] State/Line (P/C Lines)--P/C, US
U.S. Property/Casualty--2011 Direct Premiums Written by Line
($ Thousands)
Direct
Premiums % of %
Business Line Written Total Chg
Private Passenger Auto $103,734,530 20.7 2.4
Liability
No-Fault 13,847,716 2.8 9.3
Other Liability 89,886,814 17.9 1.4
Private Passenger Auto Physical 65,513,387 131 -1
Damage
Homeowners Multiple Peril 74,571,063 14.9 3.8
Other Liability 46,926,698 9.4 2.1
Occurrence 28,575,788 5.7 1.7
Claims-Made 18,350,910 3.7 2.7
Workers' Compensation 43,990,075 8.8 9.0
Commercial Multiple Peril 33,917,960 6.8 2.2
Non-Liability 21,896,583 4.4 1.6
Liability 12,021,376 2.4 3.4
Commercial Auto Liability 18,619,757 3.7 1.7
No-Fault 744,732 0.1 7.0
Other Liability 17,875,025 3.6 1.5
Inland Marine 14,088,693 2.8 6.1
Fire 13,375,463 2.7 2.7
Medical Professional Liability 10,299,656 21 -2.7
Allied 11,724,543 2.3 4.1
Multiple Peril Crop 12,359,366 2.5 59.5
Commercial Auto Physical 5,458,658 1.1 1.2
Damage
Mortgage Guaranty 4,575,008 0.9 10.8
Surety 5147633 1.0 -0.8
Group Accident and Health 4,717,818 0.9 7.7
Products Liability 2,882,274 0.6 10.7
Ocean Marine 4,099,689 0.8 11.2
Financial Guaranty 1,058,134 0.2 -25.8
Warranty 2,813,841 0.6 0.6
Federal Flood 2,800,169 0.6 -7.9
Farmowners Multiple Peril 3178748 0.6 44
Earthquake 2,771,015 0.6 4.3
Aircraft 1799550 0.4 -2.8
All Individual A & H 3,803,315 0.8 4.5
Credit 2,357,586 0.5 10.5
Boiler and Machinery 1413382 0.3 6.4
Excess Workers' Compensation 1085006 0.2 0.0
Fidelity 1168595 0.2 3.5
Burglary and Theft 216,634 0.0 16.2
Aggregate Write-ins 1,091,354 0.2 -5.3
Total U.S. P/C Industry $501,559,597 100.0 3.8
Adjusted
Loss Ratio
Business Line 2011 2010
Private Passenger Auto 69.7 69.3
Liability
No-Fault 111.1 109.2
Other Liability 63.5 63.7
Private Passenger Auto Physical 64.7 58.5
Damage
Homeowners Multiple Peril 76.0 60.7
Other Liability 48.4 53.6
Occurrence 45.9 55.7
Claims-Made 52.1 50.4
Workers' Compensation 70.7 75.7
Commercial Multiple Peril 62.5 49.4
Non-Liability 73.2 54.7
Liability 43.2 39.7
Commercial Auto Liability 56.9 51.7
No-Fault 84.7 73.5
Other Liability 55.7 50.8
Inland Marine 49.9 43.0
Fire 44.6 32.6
Medical Professional Liability 35.5 33.5
Allied 73.3 42.0
Multiple Peril Crop 87.6 38.5
Commercial Auto Physical 68.3 57.9
Damage
Mortgage Guaranty 194.6 149.4
Surety 13.2 13.7
Group Accident and Health 62.2 63.9
Products Liability 63.7 69.7
Ocean Marine 42.0 55.2
Financial Guaranty 136.6 176.2
Warranty 68.5 67.7
Federal Flood 62.4 22.0
Farmowners Multiple Peril 87.6 68.0
Earthquake 9.4 0.5
Aircraft 50.2 51.7
All Individual A & H 70.6 71.5
Credit 27.3 54.7
Boiler and Machinery 35.9 30.1
Excess Workers' Compensation 113.5 105.9
Fidelity 46.0 54.2
Burglary and Theft 23.8 216
Aggregate Write-ins 40.0 45.3
Total U.S. P/C Industry 65.5 59.2
Business Line Leading Writer AMB #
Private Passenger Auto State Farm Group 000088
Liability
No-Fault State Farm Group 000088
Other Liability State Farm Group 000088
Private Passenger Auto Physical State Farm Group 000088
Damage
Homeowners Multiple Peril State Farm Group 000088
Other Liability Amer Intl Group 018540
Occurrence Amer Intl Group 018540
Claims-Made Amer Intl Group 018540
Workers' Compensation Liberty Mutual Ins Cos 000060
Commercial Multiple Peril Travelers Group 018674
Non-Liability Travelers Group 018674
Liability Travelers Group 018674
Commercial Auto Liability Travelers Group 018674
No-Fault Amer Intl Group 018540
Other Liability Travelers Group 018674
Inland Marine Liberty Mutual Ins Cos 000060
Fire Amer Intl Group 018540
Medical Professional Liability Doctors Co Ins Group 018083
Allied Citizens Property Ins 011712
Corporation
Multiple Peril Crop Ace INA Grouts 018498
Commercial Auto Physical Travelers Grout 018674
Damage
Mortgage Guaranty Mortgage Guar Group 003014
Surety Travelers Group 018674
Group Accident and Health Amer Intl Group 018540
Products Liability Chubb Group of Ins Cos 000012
Ocean Marine Amer Intl Group 018540
Financial Guaranty Assured Guar Group 004017
Warranty Amer Intl Group 018540
Federal Flood WRM Amer Group 018806
Farmowners Multiple Peril Nationwide Group 005987
Earthquake CA Earthquake Authority 012534
Aircraft Amer Intl Group 018540
All Individual A & H Amer Intl Group 018540
Credit Great Amer P&C Ins Group 004835
Boiler and Machinery FM Global Group 018502
Excess Workers' Compensation Safety Natl Group 018564
Fidelity Chubb Group of Ins Cos 000012
Burglary and Theft Travelers Group 018674
Aggregate Write-ins Asoc de Suscripcion 012512
Conjunta del Seg
Total U.S. P/C Industry State Farm Group 000088
% Of
% Writer
Market Total
Business Line Share DPW
Private Passenger Auto 19.0 37.5
Liability
No-Fault 19.5 5.1
Other Liability 19.0 32.4
Private Passenger Auto Physical 17.9 22.3
Damage
Homeowners Multiple Peril 21.3 30.2
Other Liability 14.2 26.3
Occurrence 10.6 11.9
Claims-Made 19.9 14.4
Workers' Compensation 9.3 15.3
Commercial Multiple Peril 9.3 14.3
Non-Liability 8.9 8.7
Liability 10.2 5.5
Commercial Auto Liability 8.5 7.1
No-Fault 23.0 0.7
Other Liability 8.7 7.0
Inland Marine 16.6 8.8
Fire 13.8 7.3
Medical Professional Liability 8.3 99.9
Allied 11.7 44.3
Multiple Peril Crop 18.9 26.0
Commercial Auto Physical 8.2 2.0
Damage
Mortgage Guaranty 24.8 100.0
Surety 16.1 3.7
Group Accident and Health 30.8 5.7
Products Liability 9.6 2.9
Ocean Marine 25.8 4.2
Financial Guaranty 41.5 100.0
Warranty 21.1 2.3
Federal Flood 16.0 91.1
Farmowners Multiple Peril 8.8 19
Earthquake 22.2 100.0
Aircraft 22.1 1.6
All Individual A & H 55.6 8.4
Credit 14.2 8.8
Boiler and Machinery 24.2 10.7
Excess Workers' Compensation 30.1 82.6
Fidelity 21.2 2.6
Burglary and Theft 19.0 0.2
Aggregate Write-ins 17.6 100.0
Total U.S. P/C Industry 10.5 100.0
Business Line Second Leading Writer AMB #
Private Passenger Auto Allstate Ins Group 000008
Liability
No-Fault Berkshire Hathaway Ins 000811
Other Liability Allstate Ins Group 000008
Private Passenger Auto Physical Allstate Ins Group 000008
Damage
Homeowners Multiple Peril Allstate Ins Group 000008
Other Liability Travelers Group 018674
Occurrence Liberty Mutual Ins Cos 000060
Claims-Made Chubb Group of Ins Cos 000012
Workers' Compensation Amer Intl Group 018540
Commercial Multiple Peril Liberty Mutual Ins Cos 000060
Non-Liability Liberty Mutual Ins Cos 000060
Liability Liberty Mutual Ins Cos 000060
Commercial Auto Liability Liberty Mutual Ins Cos 000060
No-Fault Progressive Ins Group 000780
Other Liability Liberty Mutual Ins Cos 000060
Inland Marine CNA Ins Cos 018313
Fire Assurant P&C Group 018523
Medical Professional Liability Berkshire Hathaway Ins 000811
Allied FM Global Grout 018502
Multiple Peril Crop OBE Americas Grouts 018713
Commercial Auto Physical Progressive Ins Group 000780
Damage
Mortgage Guaranty Amer Intl Group 018540
Surety Liberty Mutual Ins Cos 000060
Group Accident and Health Ace INA Group 018498
Products Liability Travelers Group 018674
Ocean Marine Travelers Group 018674
Financial Guaranty MBIA Group 003166
Warranty Ally Ins Group 018431
Federal Flood Allstate Ins Group 000008
Farmowners Multiple Peril Farm Bureau P&C Group 004233
Earthquake State Farm Group 000088
Aircraft Allianz of America 018429
Companies
All Individual A & H State Farm Group 000088
Credit QBE Americas Group 018713
Boiler and Machinery Amer Intl Group 018540
Excess Workers' Compensation Ace INA Group 018498
Fidelity Travelers Group 018674
Burglary and Theft Chubb Grout of Ins Cos 000012
Aggregate Write-ins VA Surety Co, Inc 002314
Total U.S. P/C Industry Liberty Mutual Ins Cos 000060
% of
% Writer's
Market Total
Business Line Share DPW
Private Passenger Auto 10.0 39.1
Liability
No-Fault 14.0 10.8
Other Liability 9.9 33.6
Private Passenger Auto Physical 10.9 27.0
Damage
Homeowners Multiple Peril 9.4 26.4
Other Liability 5.8 12.2
Occurrence 6.5 6.9
Claims-Made 8.4 16.3
Workers' Compensation 7.9 13.7
Commercial Multiple Peril 6.6 8.5
Non-Liability 5.8 4.8
Liability 8.2 3.7
Commercial Auto Liability 6.8 4.7
No-Fault 9.3 0.5
Other Liability 6.9 4.6
Inland Marine 8.8 15.3
Fire 11.1 37.0
Medical Professional Liability 8.2 4.7
Allied 8.9 32.7
Multiple Peril Crop 14.7 34.8
Commercial Auto Physical 6.3 2.3
Damage
Mortgage Guaranty 16.6 3.0
Surety 14.8 2.9
Group Accident and Health 10.7 5.6
Products Liability 6.4 0.8
Ocean Marine 7.4 1.4
Financial Guaranty 26.0 100.0
Warranty 17.2 71.2
Federal Flood 11.2 1.2
Farmowners Multiple Peril 7.0 18.1
Earthquake 8.5 0.4
Aircraft 13.7 4.4
All Individual A & H 18.8 1.4
Credit 13.0 5.8
Boiler and Machinery 19.6 1.1
Excess Workers' Compensation 10.2 1.2
Fidelity 16.0 0.8
Burglary and Theft 17.9 0.4
Aggregate Write-ins 11.3 26.3
Total U.S. P/C Industry 5.3 100.0
Source: (AMB)BestLink[R] State/Line (P/C Lines)--P/C, US
Data as of: June 28, 2012
Reflects Grand Total (includes Canada and U.S. Territories).
U.S. Commercial Multiple Peril--2011 Direct Premiums Written
($ Thousands)
2011 2010
Rank Rank Company / Group AMB#
1 1 Travelers Group 018674
2 2 Liberty Mutual Ins Cos 000060
3 3 Hartford Ins Group 000048
4 5 Chubb Group of Ins Cos 000012
5 4 State Farm Group 000088
6 6 Nationwide Group 005987
7 7 Farmers Ins Group 000032
8 8 Philadelphia Insurance/Tokio 018733
Marine US
9 9 Zurich Finl Svcs NA Group 018549
10 11 CNA Ins Cos 018313
11 12 Cincinnati Ins Cos 004294
12 10 OBE Americas Group 018713
13 17 The Hanover Ins Grp Prop & Cas Cos 004861
14 13 Allianz of America Companies 018429
15 14 Allstate Ins Group 000008
16 15 Auto-Owners Ins Group 004354
17 16 Amer Intl Group 018540
18 19 Erie Ins Group 004283
19 18 W.R. Berkley Group 004655
20 20 Harleysville Ins Cos 003916
21 21 Church Mutual Ins Co 000259
22 22 Ace INA Group 018498
23 23 Amer Family Ins Group 000124
24 24 Tower Group Companies 018794
25 25 Westfield Group 000730
Top 25 Writers
Total U.S. P/C Industry
2011 Direct %
Premiums Change in
Company / Group Written Premiums
Travelers Group $3,169,949 3.6
Liberty Mutual Ins Cos 2,254,941 3.3
Hartford Ins Group 1,740,532 -1.0
Chubb Group of Ins Cos 1,579,924 2.4
State Farm Group 1,493,437 -3.9
Nationwide Group 1,460,684 6.2
Farmers Ins Group 1,304,262 0.4
Philadelphia Insurance/Tokio 1,224,899 0.7
Marine US
Zurich Finl Svcs NA Group 1,008,671 8.7
CNA Ins Cos 924,800 4.3
Cincinnati Ins Cos 902,812 4.8
OBE Americas Group 786,664 -14.8
The Hanover Ins Grp Prop & Cas Cos 746,906 32.6
Allianz of America Companies 697,596 -6.8
Allstate Ins Group 672,577 2.4
Auto-Owners Ins Group 662,263 3.5
Amer Intl Group 571,764 -8.1
Erie Ins Group 565,766 8.9
W.R. Berkley Group 549,288 4.3
Harleysville Ins Cos 447,506 0.4
Church Mutual Ins Co 430,868 0.6
Ace INA Group 412,085 -3.6
Amer Family Ins Group 350,565 -1.1
Tower Group Companies 339,983 -3.4
Westfield Group 335,875 8.6
Top 25 Writers $24,634,617 1.9
Total U.S. P/C Industry $33,917,960 2.2
Market Share (%)
Company / Group 2011 2010 2009
Travelers Group 9.4 9.2 8.9
Liberty Mutual Ins Cos 6.7 6.6 6.5
Hartford Ins Group 5.1 5.3 5.3
Chubb Group of Ins Cos 4.7 4.7 4.8
State Farm Group 4.4 4.7 4.7
Nationwide Group 4.3 4.1 4.3
Farmers Ins Group 3.9 3.9 3.9
Philadelphia Insurance/Tokio 3.6 3.7 3.5
Marine US
Zurich Finl Svcs NA Group 3.0 2.8 3.2
CNA Ins Cos 2.7 2.7 2.8
Cincinnati Ins Cos 2.7 2.6 2.5
OBE Americas Group 2.3 2.8 2.6
The Hanover Ins Grp Prop & Cas Cos 2.2 1.7 1.4
Allianz of America Companies 2.1 2.3 3.1
Allstate Ins Group 2.0 2.0 2.0
Auto-Owners Ins Group 2.0 1.9 1.9
Amer Intl Group 1.7 1.9 1.8
Erie Ins Group 1.7 1.6 1.5
W.R. Berkley Group 1.6 1.6 1.6
Harleysville Ins Cos 1.3 1.3 1.3
Church Mutual Ins Co 1.3 1.3 1.2
Ace INA Group 1.2 1.3 1.4
Amer Family Ins Group 1.0 1.1 1.1
Tower Group Companies 1.0 1.1 1.1
Westfield Group 1.0 0.9 0.9
Top 25 Writers 72.6 72.9 73.2
Total U.S. P/C Industry 100.0 100.0 100.0
Adjusted Loss
Ratios % of
Company
Company / Group 2011 2010 2009 Premiums
Travelers Group 67.4 48.4 35.7 14.3
Liberty Mutual Ins Cos 65.0 55.2 48.8 8.5
Hartford Ins Group 58.3 49.6 39.0 16.4
Chubb Group of Ins Cos 54.4 42.3 31.8 16.7
State Farm Group 60.7 52.1 50.3 2.8
Nationwide Group 62.9 50.7 58.7 9.7
Farmers Ins Group 61.7 45.7 44.2 7.4
Philadelphia Insurance/Tokio 58.4 47.8 33.2 43.0
Marine US
Zurich Finl Svcs NA Group 56.2 34.0 32.5 10.2
CNA Ins Cos 49.5 32.3 48.0 11.4
Cincinnati Ins Cos 74.5 54.5 49.8 27.3
OBE Americas Group 62.4 45.2 48.2 15.0
The Hanover Ins Grp Prop & Cas Cos 61.5 48.1 44.4 21.4
Allianz of America Companies 66.9 69.3 53.5 12.6
Allstate Ins Group 71.9 60.6 61.0 2.5
Auto-Owners Ins Group 73.7 47.6 48.1 13.3
Amer Intl Group 72.5 57.9 32.2 2.3
Erie Ins Group 65.5 47.5 61.6 13.2
W.R. Berkley Group 53.0 44.5 44.7 15.3
Harleysville Ins Cos 70.5 53.5 54.6 35.7
Church Mutual Ins Co 83.2 66.0 72.3 73.9
Ace INA Group 81.3 64.8 36.0 4.6
Amer Family Ins Group 73.7 46.2 60.4 6.5
Tower Group Companies 62.1 49.0 41.2 20.1
Westfield Group 69.8 48.6 53.0 21.7
Top 25 Writers 63.7 49.7 44.6 8.9
Total U.S. P/C Industry 62.5 49.4 45.1 6.8
Source: BestLink[R] State/Line (P/C Lines)--P/C, US
Data as of: June 28, 2012
Reflects Grand Total (includes Canada and U.S. Territories).
U.S. Homeowners Multiple Peril--2011 Direct Premiums Written
($ Thousands)
2011 2010
Rank Rank Company/Group AMB #
1 1 State Farm Group 000088
2 2 Allstate Ins Group 000008
3 3 Farmers Ins Group 000032
4 4 Liberty Mutual Ins Cos 000060
5 6 USAA Group 004080
6 5 Travelers Group 018674
7 7 Nationwide Group 005987
8 8 Chubb Group of Ins Cos 000012
9 10 Citizens Property Ins Corporation 011712
10 9 Amer Family Ins Group 000124
11 12 Amer Intl Group 018540
12 11 Hartford Ins Group 000048
13 13 Auto-Owners Ins Group 004354
14 14 MetLife Personal Lines Group 018552
15 15 Erie Ins Group 004283
16 16 Universal Ins Hldgs Group 018752
17 19 CA State Auto Group 018460
18 17 COUNTRY Financial PC Group 000302
19 18 Allianz of America Companies 018429
20 20 The Hanover Ins Grp Prop & Cas 004861
Cos
21 21 Auto Club Enterprises Ins Group 018515
22 22 Arnica Mutual Group 018522
23 23 Munich-Amer Hldg Corp Cos 018753
24 25 Amer Strategic Ins Group 018538
25 26 Homesite Group 018488
Top 25 Writers
Total U.S. P/C Industry
2011 Direct %
Premiums Change in
Company/Group Written Premiums
State Farm Group 15,891,131 1.4
Allstate Ins Group 6,972,558 1.6
Farmers Ins Group 4,636,830 0.1
Liberty Mutual Ins Cos 4,088,561 9.6
USAA Group 3,462,529 9.0
Travelers Group 3,441,896 4.5
Nationwide Group 2,743,126 -3.1
Chubb Group of Ins Cos 1,802,046 2.2
Citizens Property Ins Corporation 1,567,341 35.5
Amer Family Ins Group 1,531,338 1.1
Amer Intl Group 1,114,569 3.2
Hartford Ins Group 1,103,674 -2.2
Auto-Owners Ins Group 1,042,268 9.3
MetLife Personal Lines Group 945,228 4.8
Erie Ins Group 937,963 9.9
Universal Ins Hldgs Group 672,178 9.1
CA State Auto Group 634,321 6.5
COUNTRY Financial PC Group 628,917 2.3
Allianz of America Companies 543,329 -10.8
The Hanover Ins Grip Prop & Cas 535,447 4.2
Cos
Auto Club Enterprises Ins Group 524,436 7.6
Arnica Mutual Group 498,509 7.9
Munich-Amer Hldg Corp Cos 486,906 11.2
Amer Strategic Ins Group 472,932 20.3
Homesite Group 472,528 21.8
Top 25 Writers 56,750,561 3.7
Total U.S. P/C Industry 74,571,063 3.8
Market Share (%)
Company/Group 2011 2010 2009
State Farm Group 21.3 21.8 21.6
Allstate Ins Group 9.4 9.6 10.0
Farmers Ins Group 6.2 6.5 7.3
Liberty Mutual Ins Cos 5.5 5.2 5.1
USAA Group 4.6 4.4 4.3
Travelers Group 4.6 4.6 4.5
Nationwide Group 3.7 3.9 4.3
Chubb Group of Ins Cos 2.4 2.5 2.6
Citizens Property Ins Corporation 2.1 1.6 1.2
Amer Family Ins Group 2.1 2.1 2.1
Amer Intl Group 1.5 1.5 1.1
Hartford Ins Group 1.5 1.6 1.6
Auto-Owners Ins Group 1.4 1.3 1.3
MetLife Personal Lines Group 1.3 1.3 1.3
Erie Ins Group 1.3 1.2 1.2
Universal Ins Hldgs Group 0.9 0.9 0.8
CA State Auto Group 0.9 0.8 0.8
COUNTRY Financial PC Group 0.8 0.9 0.8
Allianz of America Companies 0.7 0.9 1.0
The Hanover Ins Grp Prop & Cas 0.7 0.7 0.7
Cos
Auto Club Enterprises Ins Group 0.7 0.7 0.7
Arnica Mutual Group 0.7 0.6 0.6
Munich-Amer Hldg Corp Cos 0.7 0.6 0.6
Amer Strategic Ins Group 0.6 0.6 0.5
Homesite Group 0.6 0.5 0.5
Top 25 Writers 76.1 76.2 76.3
Total U.S. P/C Industry 100.0 100.0 100.0
Adjusted Loss
Ratios % of
Company
Company/Group 2011 2010 2009 Premiums
State Farm Group 74.5 63.2 66.5 30.2
Allstate Ins Group 77.9 64.6 60.4 26.4
Farmers Ins Group 58.2 53.8 50.5 26.3
Liberty Mutual Ins Cos 73.5 58.7 56.3 15.3
USAA Group 84.0 62.5 59.5 28.6
Travelers Group 84.4 59.1 47.2 15.5
Nationwide Group 83.2 64.6 64.4 18.3
Chubb Group of Ins Cos 65.3 57.1 41.4 19.1
Citizens Property Ins Corporation 62.6 45.2 41.9 50.8
Amer Family Ins Group 88.9 72.6 68.2 28.4
Amer Intl Group 93.7 37.7 53.2 4.4
Hartford Ins Group 80.5 75.0 65.9 10.4
Auto-Owners Ins Group 104.6 90.6 91.9 21.0
MetLife Personal Lines Group 88.6 58.8 52.9 30.3
Erie Ins Group 111.7 82.9 67.2 22.0
Universal Ins Hldgs Group 26.5 28.2 33.8 93.2
CA State Auto Group 57.0 59.3 52.2 23.5
COUNTRY Financial PC Group 89.3 67.8 87.5 28.5
Allianz of America Companies 55.4 58.2 37.4 9.8
The Hanover Ins Grp Prop & Cas 74.6 59.7 63.6 15.4
Cos
Auto Club Enterprises Ins Group 74.0 54.6 46.2 19.6
Arnica Mutual Group 85.1 59.1 55.8 31.4
Munich-Amer Hldg Corp Cos 65.3 43.7 46.4 20.5
Amer Strategic Ins Group 49.8 36.0 31.0 71.5
Homesite Group 74.9 73.4 65.1 98.7
Top 25 Writers 75.7 61.5 59.4 21.7
Total U.S. P/C Industry 76.0 60.7 59.5 14.9
Source: (AMB) BestLink[R] State/Line (P/C Lines)--P/C, US
Data as of: June 28, 2012
Reflects Grand Total (includes Canada and U.S. Territories).
U.S. Medical Professional Liability--2011 Direct Premiums Written
($ Thousands)
2011 2010
Rank Rank Company / Group AMB#
1 1 Doctors Co Ins Group 018083
2 2 Berkshire Hathaway Ins 000811
3 3 Medical Liab Mutual Ins Co 003667
4 4 ProAssurance Group 018559
5 5 CNA Ins Cos 018313
6 6 Amer Intl Group 018540
7 7 Physicians' Reciprocal Insurers 002888
8 8 Coverys Companies 018359
9 10 Norcal Group 018539
10 9 ISMIE Mutual Group 018644
11 11 Mag Mutual Group 018635
12 14 Hospitals Ins Co, Inc. 000157
13 12 MCIC VT Inc Risk Retention Group 012014
14 15 Allied World Assur Group 018591
15 13 State Volunteer Mutual Ins Co 003706
16 16 Medical Mutual Group (MD) 005006
17 19 MMIC Ins, Inc. 002659
18 17 Mutual Ins Co of AZ 003659
19 21 W.R. Berkley Group 004655
20 22 Controlled Risk Ins Co of VT Inc 011814
21 18 Zurich Finl Svcs NA Group 018549
22 20 Medical Mutual Group (NC) 018072
23 25 White Mountains Ins Group 018490
24 24 Markel Corp Group 018468
25 23 Ace INA Group 018498
Top 25 Writers
Total U.S. P/C Writers
2011 Direct %
Premiums Change in
Company / Group Written Premiums
Doctors Co Ins Group $857,949 -3.1
Berkshire Hathaway Ins 846,134 -3.2
Medical Liab Mutual Ins Co 562,674 -7.7
ProAssurance Group 540,448 -3.7
CNA Ins Cos 516,265 0.4
Amer Intl Group 429,093 -7.9
Physicians' Reciprocal Insurers 383,091 -1.6
Coverys Companies 367,798 -3.9
Norcal Group 286,447 -2.8
ISMIE Mutual Group 284,359 -7.4
Mag Mutual Group 245,218 -14.8
Hospitals Ins Co, Inc. 218,747 27.3
MCIC VT Inc Risk Retention Group 171,730 -18.5
Allied World Assur Group 165,201 -2.1
State Volunteer Mutual Ins Co 164,140 -14.7
Medical Mutual Group (MD) 150,178 -2.2
MMIC Ins, Inc. 128,375 -0.3
Mutual Ins Co of AZ 126,620 -10.3
W.R. Berkley Group 113,545 -1.1
Controlled Risk Ins Co of VT Inc 112,717 3.5
Zurich Finl Svcs NA Group 109,311 -21.6
Medical Mutual Group (NC) 105,792 -10.9
White Mountains Ins Group 101,220 -4.3
Markel Corp Group 100,294 -6.0
Ace INA Group 99,938 -7.8
Top 25 Writers $7,187,284 -4.7
Total U.S. P/C Writers $10,299,656 -2.7
Market Share (%)
Company / Group 2011 2010 2009
Doctors Co Ins Group 8.3 8.4 8.4
Berkshire Hathaway Ins 8.2 8.3 8.3
Medical Liab Mutual Ins Co 5.5 5.8 5.5
ProAssurance Group 5.3 5.3 5.6
CNA Ins Cos 5.0 4.9 4.8
Amer Intl Group 4.2 4.4 4.9
Physicians' Reciprocal Insurers 3.7 3.7 3.7
Coverys Companies 3.6 3.6 3.6
Norcal Group 2.8 2.8 2.8
ISMIE Mutual Group 2.8 2.9 3.0
Mag Mutual Group 2.4 2.7 2.5
Hospitals Ins Co, Inc. 2.1 1.6 1.4
MCIC VT Inc Risk Retention Group 1.7 2.0 2.4
Allied World Assur Group 1.6 1.6 1.4
State Volunteer Mutual Ins Co 1.6 1.8 2.2
Medical Mutual Group (MD) 1.5 1.5 1.4
MMIC Ins, Inc. 1.3 1.2 1.2
Mutual Ins Co of AZ 1.2 1.3 1.4
W.R. Berkley Group 1.1 1.1 1.0
Controlled Risk Ins Co of VT Inc 1.1 1.0 1.0
Zurich Finl Svcs NA Group 1.1 1.3 1.5
Medical Mutual Group (NC) 1.0 1.1 1.2
White Mountains Ins Group 1.0 1.0 0.8
Markel Corp Group 1.0 1.0 1.0
Ace INA Group 1.0 1.0 1.0
Top 25 Writers 69.8 71.2 72.0
Total U.S. P/C Writers 100.0 100.0 100.0
Adjusted Loss
Ratios % of
Company
Company / Group 2011 2010 2009 Premiums
Doctors Co Ins Group 31.8 7.1 22.1 99.9
Berkshire Hathaway Ins 29.9 37.5 46.1 4.7
Medical Liab Mutual Ins Co 71.2 64.4 52.2 99.2
ProAssurance Group 3.3 19.6 20.5 95.5
CNA Ins Cos 31.2 20.8 38.3 6.4
Amer Intl Group 26.9 37.7 27.5 1.7
Physicians' Reciprocal Insurers 54.2 47.5 67.8 98.1
Coverys Companies 35.7 44.6 6.2 95.7
Norcal Group 39.6 33.4 16.6 100.0
ISMIE Mutual Group 19.8 43.6 44.1 99.3
Mag Mutual Group 24.2 34.0 30.6 96.9
Hospitals Ins Co, Inc. 74.0 83.6 98.7 98.6
MCIC VT Inc Risk Retention Group 65.4 88.9 79.5 95.5
Allied World Assur Group 39.8 40.7 27.6 19.8
State Volunteer Mutual Ins Co 35.5 -10.1 20.2 99.9
Medical Mutual Group (MD) 36.3 29.4 35.6 99.9
MMIC Ins, Inc. 37.0 49.6 28.8 97.5
Mutual Ins Co of AZ 26.2 27.0 58.0 100.0
W.R. Berkley Group 42.8 36.4 29.8 3.2
Controlled Risk Ins Co of VT Inc 43.5 24.4 92.6 95.7
Zurich Finl Svcs NA Group -24.5 27.5 29.9 1.1
Medical Mutual Group (NC) 19.3 5.4 19.1 100.0
White Mountains Ins Group 37.9 30.3 21.2 9.0
Markel Corp Group 32.8 20.1 34.0 7.5
Ace INA Group 41.8 38.4 25.3 1.1
Top 25 Writers 35.3 34.4 37.1 8.8
Total U.S. P/C Writers 35.5 33.4 36.6 2.1
Note: Data for some companies in this report has been received
from the NAIC.
Source: BestLink[R] State/Line (P/C Lines)--P/C, US
Data as of: June 28, 2012
Reflects Grand Total (includes Canada and U.S. Territories).
U.S. Total Auto--2011 Direct Premiums Written
($ Thousands)
2011 2010
Rank Rank Company / Group AMB#
1 1 State Farm Group 000088
2 2 Allstate Ins Group 000008
3 3 Berkshire Hathaway Ins 000811
4 4 Progressive Ins Group 000780
5 5 Farmers Ins Group 000032
6 6 Liberty Mutual Ins Cos 000060
7 7 Nationwide Group 005987
8 8 USAA Group 004080
9 9 Travelers Group 018674
10 10 Amer Family Ins Grout 000124
11 11 Hartford Ins Group 000048
12 12 Erie Ins Group 004283
13 16 Auto-Owners Ins Group 004354
14 14 Amer Intl Group 018540
15 13 Mercury Gen Group 004524
16 15 Auto Club Enterprises Ins Group 018515
17 17 MetLife Personal Lines Group 018552
18 18 CA State Auto Group 018460
19 19 MAPFRE North America Group 018801
20 20 Auto Club Group 000312
21 23 The Hanover Ins Grp Prop & Cas Cos 004861
22 25 Integon National Group 014026
23 22 Zurich Finl Svcs NA Group 018549
24 21 Kemper P&C Group 000914
25 24 Sentry Ins Group 000086
Top 25 Writers
Total U.S. P/C Industry
Premiums Change in
Company / Group Written Premiums
State Farm Group $31,938,664 1.1
Allstate Ins Group 17,781,915 -2.1
Berkshire Hathaway Ins 15,551,461 8.2
Progressive Ins Group 14,959,624 4.6
Farmers Ins Group 10,294,009 0.3
Liberty Mutual Ins Cos 9,261,613 1.8
Nationwide Group 7,850,000 -1.3
USAA Group 7,779,330 7.0
Travelers Group 5,550,631 1.1
Amer Family Ins Grout 3,096,781 -5.7
Hartford Ins Group 2,895,394 -4.8
Erie Ins Group 2,308,664 2.5
Auto-Owners Ins Group 2,165,416 6.0
Amer Intl Group 2,161,915 2.5
Mercury Gen Group 2,143,673 -0.4
Auto Club Enterprises Ins Group 2,109,907 2.3
MetLife Personal Lines Group 2,053,503 1.0
CA State Auto Group 1,946,792 0.3
MAPFRE North America Group 1,637,569 3.4
Auto Club Group 1,475,767 4.3
The Hanover Ins Grp Prop & Cas Cos 1,297,068 3.6
Integon National Group 1,187,515 5.6
Zurich Finl Svcs NA Group 1,184,057 -6.2
Kemper P&C Group 1,175,295 -7.2
Sentry Ins Group 1,099,033 -3.1
Top 25 Writers $150,905,596 1.6
Total U.S. P/C Industry $193,326,331 1.4
Market Share (%)
Company / Group 2011 2010 2009
State Farm Group 16.5 16.6 16.4
Allstate Ins Group 9.2 9.5 9.7
Berkshire Hathaway Ins 8.0 7.5 7.2
Progressive Ins Group 7.7 7.5 7.3
Farmers Ins Group 5.3 5.4 5.7
Liberty Mutual Ins Cos 4.8 4.8 4.6
Nationwide Group 4.1 4.2 4.4
USAA Group 4.0 3.8 3.6
Travelers Group 2.9 2.9 2.8
Amer Family Ins Grout 1.6 1.7 1.8
Hartford Ins Group 1.5 1.6 1.7
Erie Ins Group 1.2 1.2 1.2
Auto-Owners Ins Group 1.1 1.1 1.0
Amer Intl Group 1.1 1.1 1.2
Mercury Gen Group 1.1 1.1 1.2
Auto Club Enterprises Ins Group 1.1 1.1 1.1
MetLife Personal Lines Group 1.1 1.1 1.1
CA State Auto Group 1.0 1.0 1.0
MAPFRE North America Group 0.9 0.8 0.8
Auto Club Group 0.8 0.7 0.7
The Hanover Ins Grp Prop & Cas Cos 0.7 0.7 0.7
Integon National Group 0.6 0.6 0.6
Zurich Finl Svcs NA Group 0.6 0.7 0.7
Kemper P&C Group 0.6 0.7 0.8
Sentry Ins Group 0.6 0.6 0.6
Top 25 Writers 78.1 77.9 77.9
Total U.S. P/C Industry 100.0 100.0 100.0
Adjusted Loss
Ratios % of
Company
Company / Group 2011 2010 2009 Premiums
State Farm Group 75.8 76.0 73.8 60.7
Allstate Ins Group 61.6 60.1 58.7 67.3
Berkshire Hathaway Ins 68.7 64.7 66.4 86.6
Progressive Ins Group 61.7 61.5 62.1 97.6
Farmers Ins Group 60.8 54.6 56.0 58.4
Liberty Mutual Ins Cos 60.8 56.9 56.2 34.7
Nationwide Group 69.9 59.8 63.8 52.4
USAA Group 77.7 74.4 71.9 64.2
Travelers Group 75.4 55.0 51.7 25.0
Amer Family Ins Grout 62.3 55.5 62.2 57.3
Hartford Ins Group 60.4 60.3 61.0 27.2
Erie Ins Group 60.6 58.1 62.9 54.1
Auto-Owners Ins Group 73.3 68.5 91.4 43.5
Amer Intl Group 57.9 56.2 59.8 8.5
Mercury Gen Group 61.3 57.8 54.4 85.1
Auto Club Enterprises Ins Group 65.3 59.9 55.7 79.1
MetLife Personal Lines Group 59.3 58.8 58.0 65.9
CA State Auto Group 58.8 59.5 59.5 72.2
MAPFRE North America Group 64.4 63.4 61.6 74.4
Auto Club Group 75.3 89.7 87.7 75.5
The Hanover Ins Grp Prop & Cas Cos 65.9 67.7 65.4 37.2
Integon National Group 83.0 67.6 68.9 100.1
Zurich Finl Svcs NA Group 50.3 49.4 41.7 11.9
Kemper P&C Group 66.1 65.6 63.5 71.2
Sentry Ins Group 63.7 63.0 64.3 63.6
Top 25 Writers 67.4 64.2 64.0 52.1
Total U.S. P/C Industry 66.7 63.5 63.2 38.5
Source: BestLink[R] State/Line (P/C Lines)--P/C, US
Data as of: June 28, 2012
Reflects Grand Total (includes Canada and U.S. Territories).
U.S. Workers' Compensation--2011 Direct Premiums Written
($ Thousands)
2011 2010
Rank Rank Company / Group AMB#
1 1 Liberty Mutual Ins Cos 00060
2 2 Amer Intl Group 18540
3 3 Travelers Group 18674
4 4 Hartford Ins Group 00048
5 5 Zurich Finl Svcs NA Group 18549
6 6 State Ins Fund of NY 04029
7 7 State Comp Ins Fund CA 04028
8 8 Ace INA Group 18498
9 10 CNA Ins Cos 18313
10 9 Old Republic Ins Group 00734
11 12 Chubb Group of Ins Cos 00012
12 13 W.R. Berkley Group 04655
13 11 Accident Fund Group 18680
14 14 Fairfax Financial (USA) Group 03116
15 15 TX Mutual Ins Co 11453
16 17 AmTrust Finl Group 18731
17 16 Berkshire Hathaway Ins 00811
18 22 Employers Ins Group 18602
19 23 QBE Americas Group 18713
20 18 NJM Ins Group 03985
21 29 Companion P&C Group 18424
22 20 Saif Corp 03480
23 19 Pinnacol Assur Co 03471
24 30 Tower Group Companies 18794
25 25 Great Amer P&C Ins Group 04835
Top 25 Writers
Total U.S. P/C Industry
2011 Direct %
Premiums Change in
Company / Group Written Premiums
Liberty Mutual Ins Cos $4,084,112 0.3
Amer Intl Group 3,474,247 -3.3
Travelers Group 3,232,266 14.7
Hartford Ins Group 3,156,463 19.4
Zurich Finl Svcs NA Group 2,255,031 6.5
State Ins Fund of NY 1,495,865 14.2
State Comp Ins Fund CA 1,011,147 -11.3
Ace INA Group 975,067 -9.6
CNA Ins Cos 956,861 17.3
Old Republic Ins Group 944,231 10.7
Chubb Group of Ins Cos 868,417 17.9
W.R. Berkley Group 790,378 16.1
Accident Fund Group 768,429 3.5
Fairfax Financial (USA) Group 743,369 16.8
TX Mutual Ins Co 729,912 22.4
AmTrust Finl Group 610,956 30.0
Berkshire Hathaway Ins 601,037 26.9
Employers Ins Group 416,106 30.1
QBE Americas Group 399,849 26.1
NJM Ins Group 398,479 5.1
Companion P&C Group 391,301 37.2
Saif Corp 365,196 11.6
Pinnacol Assur Co 364,238 10.2
Tower Group Companies 356,577 27.3
Great Amer P&C Ins Group 343,584 12.4
Top 25 Writers $29,733,118 8.6
Total U.S. P/C Industry $43,990,075 9.0
Market Shar(%)
Company / Group 2011 2010 2009
Liberty Mutual Ins Cos 9.3 10.1 10.8
Amer Intl Group 7.9 8.9 9.3
Travelers Group 7.4 7.0 6.6
Hartford Ins Group 7.2 6.6 6.0
Zurich Finl Svcs NA Group 5.1 5.3 5.2
State Ins Fund of NY 3.4 3.3 3.2
State Comp Ins Fund CA 2.3 2.8 3.1
Ace INA Group 2.2 2.7 2.6
CNA Ins Cos 2.2 2.0 2.2
Old Republic Ins Group 2.2 2.1 2.2
Chubb Group of Ins Cos 2.0 1.8 1.8
W.R. Berkley Group 1.8 1.7 1.6
Accident Fund Group 1.8 1.8 1.9
Fairfax Financial (USA) Group 1.7 1.6 1.6
TX Mutual Ins Co 1.7 1.5 1.5
AmTrust Finl Group 1.4 1.2 1.1
Berkshire Hathaway Ins 1.4 1.2 0.9
Employers Ins Group 1.0 0.8 0.9
QBE Americas Group 0.9 0.8 0.6
NJM Ins Group 0.9 0.9 1.0
Companion P&C Group 0.9 0.7 0.6
Saif Corp 0.8 0.8 0.8
Pinnacol Assur Co 0.8 0.8 0.9
Tower Group Companies 0.8 0.7 0.6
Great Amer P&C Ins Group 0.8 0.8 0.8
Top 25 Writers 67.6 67.9 67.9
Total U.S. P/C Industry 100.0 100.0 100.0
Adjusted Loss Ratios
% of
Company
Company / Group 2011 2010 2009 Premiums
Liberty Mutual Ins Cos 84.3 80.1 73.2 15.3
Amer Intl Group 60.4 122.6 82.9 13.7
Travelers Group 66.6 59.1 57.3 14.6
Hartford Ins Group 69.5 59.0 53.1 29.7
Zurich Finl Svcs NA Group 78.4 95.6 77.2 22.7
State Ins Fund of NY 116.0 100.6 107.3 100.0
State Comp Ins Fund CA 22.8 75.0 73.2 100.0
Ace INA Group 41.6 55.2 67.2 10.8
CNA Ins Cos 76.2 85.4 83.3 11.8
Old Republic Ins Group 72.5 80.0 69.2 30.4
Chubb Group of Ins Cos 55.7 52.1 49.0 9.2
W.R. Berkley Group 62.6 59.7 55.4 22.0
Accident Fund Group 76.5 81.3 66.0 99.6
Fairfax Financial (USA) Group 78.4 63.3 41.1 29.6
TX Mutual Ins Co 65.5 65.7 51.5 100.0
AmTrust Finl Group 60.6 53.9 49.3 54.9
Berkshire Hathaway Ins 53.9 44.6 83.8 3.3
Employers Ins Group 72.1 43.7 50.4 100.0
QBE Americas Group 65.9 50.3 83.4 7.6
NJM Ins Group 105.4 84.1 86.4 26.2
Companion P&C Group 76.0 63.0 58.9 55.0
Saif Corp 114.2 249.4 88.6 100.0
Pinnacol Assur Co 88.0 83.3 93.8 100.0
Tower Group Companies 65.4 43.3 53.5 21.1
Great Amer P&C Ins Group 54.0 54.0 683 9.0
Top 25 Writers 70.7 79.6 70.7 17.7
Total U.S. P/C Industry 70.7 75.7 69.2 8.8
Source: BestLink[R] State/Line (P/C Lines)--P/C, US
Data as of: June 28, 2012
Reflects Grand Total (includes Canada and U.S. Territories).
Chartis Eyes Growth Overseas
Chartis, AIG's property/casualty operation, has increased its
international exposure and reduced its U.S./Canada exposure from
2007 to 2011.
Chartis' Book in 2007
Rest of World 34%
US/Canada 66%
Chartis' Book in 2011
Rest of World 50%
US/Canada 50%
Source: Chartis
Note: Table made from pie chart.
Commercial Premiums Up 5.4% in 2011
Commercial group writers saw a 5.4% increase in direct premium
written in 2011, the first increase since 2006.
Commercial group direct premiums written, 2006-2011
($ billion)
2006 $261.33
2007 $260.73
2008 $250.34
2009 $231.95
2010 $225.33
2011 $237.59
Source: BestLink State/Line (P/C Lines)--P/C, US
Note: Table made from bar graph.
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