Inland Marine, Top Writers, United States--2004.

Inland Marine, Top Writers, United States--2004

Rank is based on 2004 direct premiums written.
($ Thousands)

                                            2004 Direct            %
                                               Premiums    Change in
Rank   Company/Group               AMB #        Written     Premiums

   1   Amer Intl Group, Inc        18540     $1,166,739         10.3
   2   St. Paul Travelers Cos      18647        837,831          8.2
   3   CNA Ins Cos                 18313        810,414          7.5
   4   Zurich Finl Svcs North      18549        629,097          2.5
         America Grp
   5   Hartford Ins Group          00048        620,914         14.0
   6   State Farm Group            00088        522,768          3.6
   7   Allianz of America, Inc     18429        501,030          4.6
   8   Chubb Group of Ins Cos      00012        464,346          6.0
   9   FM Global Group             18502        464,215        -10.7
  10   Assurant Solutions          18499        445,118          0.1
  11   Great Amer P&C Ins Group    04835        255,309          9.0
  12   Ace INA Group               18498        243,937         -4.8
  13   Allstate Ins Group          00008        228,617          3.9
  14   HDI US Group                18492        193,476         -2.8
  15   Markel Corp Group           18468        179,358         -1.2
  16   Nationwide Group            05987        150,043         -3.3
  17   Everest Re US Group         05696        148,833        339.7
  18   Liberty Mutual Ins Cos      00060        145,966          8.2
  19   XL America Group            18491        145,662        134.3
  20   Progressive Ins Group       00780        125,236         29.1
  21   USAA Group                  04080        108,175          1.0
  22   Auto-Owners Ins Group       04354        106,053          5.7
  23   Old Republic Gen Group      00734         99,651          7.4
  24   Alleghany Ins Holdings      18640         89,474        192.1
  25   Safeco Ins Cos              00078         80,569          1.6
       Top 25 Writers                        $8,762,831          8.0
       Total U.S. P/C Industry              $11,211,114          3.9

                                         Market Share (%)

Rank   Company/Group                 2004      2003      2002

   1   Amer Intl Group, Inc          10.4       9.8       9.2
   2   St. Paul Travelers Cos         7.5       7.2       7.0
   3   CNA Ins Cos                    7.2       7.0       5.6
   4   Zurich Finl Svcs North         5.6       5.7       6.5
         America Grp
   5   Hartford Ins Group             5.5       5.1       4.4
   6   State Farm Group               4.7       4.7       4.8
   7   Allianz of America, Inc        4.5       4.4       4.3
   8   Chubb Group of Ins Cos         4.1       4.1       4.0
   9   FM Global Group                4.1       4.8       5.5
  10   Assurant Solutions             4.0       4.1       4.2
  11   Great Amer P&C Ins Group       2.3       2.2       2.2
  12   Ace INA Group                  2.2       2.4       2.3
  13   Allstate Ins Group             2.0       2.0       2.1
  14   HDI US Group                   1.7       1.8       1.3
  15   Markel Corp Group              1.6       1.7       1.7
  16   Nationwide Group               1.3       1.4       1.5
  17   Everest Re US Group            1.3       0.3       0.0
  18   Liberty Mutual Ins Cos         1.3       1.3       1.1
  19   XL America Group               1.3       0.6       0.6
  20   Progressive Ins Group          1.1       0.9       0.7
  21   USAA Group                     1.0       1.0       1.0
  22   Auto-Owners Ins Group          0.9       0.9       0.9
  23   Old Republic Gen Group         0.9       0.9       0.8
  24   Alleghany Ins Holdings         0.8       0.3       0.0
  25   Safeco Ins Cos                 0.7       0.7       0.8
       Top 25 Writers                78.2      75.2      72.4
       Total U.S. P/C Industry      100.0     100.0     100.0

                                       Adjusted Loss Ratios

Rank   Company/Group                 2004      2003      2002

   1   Amer Intl Group, Inc          25.0      29.0      44.6
   2   St. Paul Travelers Cos        39.8      94.5      79.9
   3   CNA Ins Cos                   66.8      59.1      70.2
   4   Zurich Finl Svcs North        47.3      41.5      61.0
         America Grp
   5   Hartford Ins Group            64.0      55.8      39.0
   6   State Farm Group              47.6      43.0      46.1
   7   Allianz of America, Inc       35.6      54.7      50.3
   8   Chubb Group of Ins Cos        31.5      35.4      43.7
   9   FM Global Group               44.1      24.9      18.8
  10   Assurant Solutions            43.3      40.3      28.8
  11   Great Amer P&C Ins Group      29.0      32.5      35.6
  12   Ace INA Group                 52.5      43.3      58.0
  13   Allstate Ins Group            56.0      37.1      40.0
  14   HDI US Group                  50.4      53.2      45.9
  15   Markel Corp Group             23.1      15.6      13.4
  16   Nationwide Group              33.8      10.6      21.9
  17   Everest Re US Group           80.7      63.6     142.0
  18   Liberty Mutual Ins Cos        30.6      43.3      26.4
  19   XL America Group              94.1      70.5      62.4
  20   Progressive Ins Group         70.7      45.2      48.8
  21   USAA Group                    34.5      32.0      35.1
  22   Auto-Owners Ins Group         37.6      40.7      44.8
  23   Old Republic Gen Group        38.7      32.8      38.1
  24   Alleghany Ins Holdings        18.4      11.2      44.5
  25   Safeco Ins Cos                36.2      33.5      33.8
       Top 25 Writers                43.8      45.4      47.4
       Total U.S. P/C Industry       43.1      43.3      45.1

                                        % of
                                     Company
Rank   Company/Group                Premiums

   1   Amer Intl Group, Inc              4.1
   2   St. Paul Travelers Cos            3.8
   3   CNA Ins Cos                       7.4
   4   Zurich Finl Svcs North            4.7
         America Grp
   5   Hartford Ins Group                5.5
   6   State Farm Group                  1.1
   7   Allianz of America, Inc          10.4
   8   Chubb Group of Ins Cos            4.8
   9   FM Global Group                  22.1
  10   Assurant Solutions               20.8
  11   Great Amer P&C Ins Group          7.0
  12   Ace INA Group                     3.8
  13   Allstate Ins Group                0.9
  14   HDI US Group                      8.5
  15   Markel Corp Group                10.3
  16   Nationwide Group                  1.0
  17   Everest Re US Group              11.8
  18   Liberty Mutual Ins Cos            0.9
  19   XL America Group                  4.8
  20   Progressive Ins Group             0.9
  21   USAA Group                        1.3
  22   Auto-Owners Ins Group             2.4
  23   Old Republic Gen Group            3.9
  24   Alleghany Ins Holdings            6.0
  25   Safeco Ins Cos                    1.4
       Top 25 Writers                    3.4
       Total U.S. P/C Industry           2.4

Source: A.M. Best Co.