2018 Market Share Reports - National Association Of .

2018 Market Share Reportsfor Property/Casualty Groups and CompaniesBy State and Countrywide2019

The NAIC is the authoritative source for insurance industry information. Our expert solutions supportthe efforts of regulators, insurers and researchers by providing detailed and comprehensive insuranceinformation. The NAIC offers a wide range of publications in the following categories:Accounting & ReportingInformation about statutory accounting principlesand the procedures necessary for fi ling financialannual statements and conducting risk-basedcapital calculations.Special StudiesStudies, reports, handbooks and regulatoryresearch conducted by NAIC members on a varietyof insurance related topics.Consumer InformationImportant answers to common questions aboutauto, home, health and life insurance — as well asbuyer’s guides on annuities, long-term careinsurance and Medicare supplement plans.Statistical ReportsValuable and in-demand insurance industry-widestatistical data for various lines of business,including auto, home, health and life insurance.Financial RegulationUseful handbooks, compliance guides and reportson financial analysis, company licensing, stateaudit requirements and receiverships.Supplementary ProductsGuidance manuals, handbooks, surveys andresearch on a wide variety of issues.LegalComprehensive collection of NAIC model laws,regulations and guidelines; state laws on insurancetopics; and other regulatory guidance on antifraudand consumer privacy.Capital Markets & Investment AnalysisInformation regarding portfolio values andprocedures for complying with NAIC reportingrequirements.Market RegulationRegulatory and industry guidance on marketrelated issues, including antifraud, product fi lingrequirements, producer licensing and marketanalysis.White PapersRelevant studies, guidance and NAIC policypositions on a variety of insurance topics.NAIC ActivitiesNAIC member directories, in-depth reporting ofstate regulatory activities and official historicalrecords of NAIC national meetings and otheractivities.For more information about NAICpublications, visit us at:http://www.naic.org//prod serv home.htm 2019 National Association of Insurance Commissioners. All rights reserved.ISBN: 978-1-64179-015-4Printed in the United States of AmericaNo part of this book may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic ormechanical, including photocopying, recording, or any storage or retrieval system, without written permission from the NAIC.NAIC Executive Office444 North Capitol Street, NWSuite 700Washington, DC 20001202.471.3990NAIC Central Office1100 Walnut StreetSuite 1500Kansas City, MO 64106816.842.3600NAIC Capital Markets& Investment Analysis OfficeOne New York Plaza, Suite 4210New York, NY 10004212.398.9000

2018 Market Share Reports forProperty/Casualty Groups and CompaniesBy State and CountrywideTABLE OF CONTENTSIntroduction . 1Property/Casualty Market Share Report Applications . 3Countrywide Loss Ratios by Line of Business – 5 Years. 5Direct Written Premium Trend Graph . 92018 Market Share Reports by Line of BusinessTop 125 Countrywide (both with and without Canada & Other Alien data)Top 10 by StateLine Number350102.102.202.302.402.5030405.1 , 05.20608091011121617.1 , 17.217.31819.1 , 19.221.119.1 , 19.2 , 21.119.3 , 19.421.219.3 , 19.4 , 21.22223242627283034Total All Lines . 11Fire . 33Allied Lines . 55Multiple Peril Crop . 77Federal Flood . 93Private Crop. 111Private Flood . 125Farmowners Multiple Peril. 143Homeowners Multiple Peril . 163Total Commercial Multiple Peril . 183Mortgage Guaranty . 205Ocean Marine . 221Inland Marine . 243Financial Guaranty . 265Medical Professional Liability . 277Earthquake. 297Workers’ Compensation . 319Other Liability . 339Excess Workers’ Compensation . 361Products Liability . 377Private Passenger Auto Liability. 397Private Passenger Auto Physical Damage . 417Total Private Passenger Auto . 437Commercial Auto Liability . 457Commercial Auto Physical Damage. 479Total Commercial Auto . 499Aircraft (All Perils). 521Fidelity . 539Surety. 561Burglary and Theft . 583Boiler and Machinery. 603Credit . 623Warranty . 641Aggregate Write-Ins for Other Lines of Business. 659Technical Notes . 679Index of Insurer Groups and Companies . 685 2019 National Association of Insurance Commissioners

2019 National Association of Insurance Commissioners

INTRODUCTIONThese 2018 Market Share Reports for Property/Casualty Groups and Companies by State andCountrywide are intended to make property/casualty (P/C) market share information more readilyavailable. Direct Written Premiums are taken from the “Exhibit of Premiums and Losses” (page 19–Statutory page 14) in the NAIC P/C annual statement. In the Workers’ Compensation and Total All Linessections of this report, Direct Written Premiums includes prior-year state fund premium data reporteddirectly to the NAIC for the following states: North Dakota, Ohio, South Carolina, Washington andWyoming. In the Fire, Homeowners, Allied and Total All Lines sections of this report, Direct WrittenPremiums includes estimated 2018 premium data reported directly to the NAIC from the Louisiana staterun property insurer of last resort.Insurance groups are made up of insurance companies that are related by ownership. The market sharereports show data by group for those insurers that are members of a group. This allows the report to moreaccurately reflect the number of distinct entities that are competing against one another for business in themarket. An index listing the individual insurers within a group is included at the end of the report.Insurers merge, change names, and buy and sell companies; however, the index gives a “snapshot” viewof group structures as filed with the NAIC on June 3, 2019, the date this report was generated.Market shares for 33 lines of business are included in this report, plus Aggregate Write-ins for OtherLines of Business and the Total for All Lines. By state, the report is limited to the top 10 groups andcompanies in order to keep the publication to a manageable size. However, the top 125 groups andcompanies are shown for each line of business for the following countrywide aggregations: States, U.S. Territories, Canada and Aggregate Other Alien States and U.S. TerritoriesAccident and health insurance data are reported to the NAIC on four annual statements: P/C, life/health,fraternal and health. Market shares for the individual accident and health lines of business are notincluded in this report. A separate publication, Market Share Reports for the Top 125 Accident andHealth Insurance Companies and Groups by State and Countrywide, combines data from all fourstatements to provide complete market share information for that line. (Note: The “Total All Lines”market share in this publication represents Total Line 35 as reported on annual statement Page 19 and,therefore, will include accident and health data.)Commercial Multi-Peril (CMP) is shown in total only, as the distinction between the property andliability portions of CMP are meaningful for analysis of loss development, but less so for analysis ofmarket share. No Fault and Liability coverages are combined for both private passenger and commercialauto due to inconsistent reporting of No Fault data among the various companies and states.This report provides cumulative market share data for the top 10 writers by state, and for the top 125writers countrywide. This is one indicator of the degree of market concentration in a line of business. Thereport also provides the countrywide and by-state direct loss ratios for the top writers in each line ofbusiness, as well as a countrywide and by-state “total industry” loss ratio. Tables displaying the directloss ratios for each line of business on a countrywide basis follow this introduction. These figures includeonly data taken from the “Exhibit of Premiums and Losses” (page 19–Statutory page 14) in the NAIC P/Cannual statement.The loss ratios in this report reflect a simple calendar-year result. While these loss ratios provide someinformation about results for that year, they should not be considered as measures of overallprofitability. Many other factors, including expenses and investment income, are used in developingprofitability measures. Many property lines—such as earthquake, homeowners, allied lines and inlandmarine—are subject to extreme fluctuations in results, due, in particular, to the occurrence of majorcatastrophes such as tornadoes, earthquakes and civil disturbances. 2019 National Association of Insurance Commissioners1

For further analysis of the profitability of lines of business, refer to the NAIC Report on Profitability byLine by State. That report is also on a calendar-year basis, but it includes a 10-year aggregation of results.For lines not specifically included in the Report on Profitability by Line by State, the NAIC StatisticalCompilation of Annual Statement Information for Property/Casualty Insurance Companies contains acountrywide, calendar-year industry aggregation of the Insurance Expense Exhibit (IEE).Please send any questions regarding this report to researchrequest@naic.org. Links to this report or otherNAIC reports can be found on the NAIC website at: NAIC Publications. 2019 National Association of Insurance Commissioners2