Berkshire Hathaway, State Farm, and Progressive Corp are just some of the biggest property and casualty insurance companies in the world - all of which hail from the United States. Property and casualty insurance is a type of insurance which covers risks related to loss or damage of property. This type of insurance has two major areas: protection of physical objects and protection against legal liability. In total, the value of gross premiums written by the U.S. property and casualty insurance sector exceeded 850 billion U.S. dollars in 2022. In the same year, 35 percent of the U.S. P&C premiums were written by private passenger auto insurance companies.
State Farm Insurance was the largest property and casualty insurance company by revenue in 2021. It also topped the list of leading P&C insurers with regards to the value of direct premiums written. State Farm is a group of mutual insurance companies with headquarters in Bloomington, Illinois. However, Nationwide overtook State Farm in 2021 to become the most profitable mutual property and casualty insurer in the country.
Losses incurred by insurance companies have been increasing in recent years, which means that insurers have paid out more money in claims than they used to. This trend has affected auto insurance and homeowners insurance providers. The U.S. property and casualty sector employed about 686,000 in 2022. This number has fluctuated over the past decade and rose by 42,000 in 2022.
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Leading global property/casualty (stock) insurance companies 2020, by revenue
Net premiums written by property and casualty insurers in the U.S. 2004-2022
Leading U.S. mutual property and casualty insurance companies 2020-2021, by profit
Residential Real Estate
Homeownership rate in the U.S. 1990-2023
Gross premiums written by property and casualty insurance in the U.S. 2004-2022
Number of employees in the U.S. property and casualty insurance industry 2005-2022
Leading property and casualty insurance companies in the U.S. 2020-2021, by revenue Leading mutual property/casualty insurance companies in the United States in 2020 and 2021, by revenue (in billion U.S. dollars)
Leading U.S. writers of property and casualty insurance 2020-2022, by market share Leading writers of property and casualty insurance in the United States from 2020 to 2022, by market share
Satisfaction in property and casualty insurance brands in the U.S. 2022-2023 Customer satisfaction index of property and casualty insurance from selected insurance brands in the United States in 2022 and 2023
Customer experience satisfaction of property and casualty insurance in the U.S. 2023 Satisfaction with customer experience among property and casualty insurance customers in the United States in 2022 and 2023
Leading writers of commercial lines insurance in the U.S. 2021-2022, by premiums Leading writers of commercial lines insurance in the United States in 2021 and 2022, by direct premiums (in billion U.S. dollars)
Market share of commercial lines insurers in the U.S. 2021-2022, by premiums Market share of commercial lines insurance companies in the United States in 2021 and 2022, by direct premiums written
Leading private passenger auto insurers in the U.S. 2021-2022, by premiums Leading writers of private passenger auto insurance in the United States in 2021 and 2022, by direct premiums written (in billion U.S. dollars)
Market share of leading U.S. private passenger auto insurers 2021-2022, by premiums Market share of leading writers of private passenger auto insurance in the United States in 2021 and 2022, by direct premiums written
Leading U.S. commercial auto insurance companies 2020-2022, by market share Market share of leading commercial auto insurance companies in the United States from 2020 to 2022, by direct premiums written
Size of property, casualty and direct insurance market in the U.S. 2009-2022 Size of property, casualty and direct insurance market in the United States from 2009 to 2022 (in billion U.S. dollars)
Leading U.S. mutual property and casualty insurance companies 2020-2021, by profit Profit of leading mutual property and casualty insurance companies in the United States in 2020 and 2021 (in million U.S. dollars)
Profit of leading property/casualty insurance providers (stock) in the U.S. 2020-2021 Profit of leading stock property and casualty insurance providers in the United States in 2020 and 2021 (in million U.S. dollars)
Value of investments of property and casualty insurers in the U.S. 2013-2022 Value of investments of property and casualty insurers in the United States from 2013 to 2022 (in trillion U.S. dollars)
Investments of property and casualty insurers in the U.S. 2013-2022, by asset type Value of investments of property and casualty insurers in the United States from 2013 to 2022, by asset type (in billion U.S. dollars)
Number of employees in the U.S. property and casualty insurance industry 2005-2022 Number of employees in property and casualty insurance industry in the United States from 2005 to 2022 (in 1,000s)
Gross premiums written by property and casualty insurance in the U.S. 2004-2022 Direct premiums of property and casualty insurance in the United States from 2004 to 2022 (in billion U.S. dollars)
Net premiums written by property and casualty insurers in the U.S. 2004-2022 Net premiums written by property and casualty insurance sector in the United States from 2004 to 2022 (in billion U.S. dollars)
Share of property and casualty insurance premiums in the U.S. 2019-2022, by line Distribution of net premiums written by property and casualty insurance companies in the United States from 2019 to 2022, by line
Leading U.S. writers of property and casualty insurance 2020-2022, by premiums Leading writers of property and casualty insurance in the United States in from 2020 to 2022, by direct premiums written (in billion U.S. dollars)
U.S. property and casualty B2B reinsurers 2021-2022, by direct premiums written Leading property and casualty reinsurers of businesses in the United States in 2021 and 2022, by direct premiums written (in billion U.S. dollars)
Market share of leading U.S. private passenger auto insurers 2021-2022, by premiums Market share of leading writers of private passenger auto insurance in the United States in 2021 and 2022, by direct premiums written
Leading U.S. commercial auto insurers 2020-2022, by direct premiums written Leading writers of commercial auto insurance in the United States from 2020 to 2022, by direct premiums written (in billion U.S. dollars)
Leading private passenger auto insurers in the U.S. 2021-2022, by premiums Leading writers of private passenger auto insurance in the United States in 2021 and 2022, by direct premiums written (in billion U.S. dollars)
Average monthly car insurance expenditure in the U.S. 2023, by gender Average auto insurance expenditure per month for a 20-year old in the United States in 2023, by gender (in U.S. dollars)
Monthly motorcycle insurance premium in the U.S. by state 2023 Average monthly motorcycle insurance premium in the United States in 2023, by state (in U.S. dollars)
Leading U.S. writers of homeowners insurance 2020-2022, by premiums Leading writers of homeowners insurance in the United States from 2020 to 2022, by direct premiums written (in billion U.S. dollars)
Leading U.S. homeowner insurance companies 2020-2022, by premiums Market share of leading homeowner insurance companies in the United States from 2020 to 2022, by direct premiums written
Value of homeowner multiple peril insurance net premiums in the U.S. 2006-2022 Value of net premiums written by homeowner multiple peril insurance industry in the United States from 2006 to 2022 (in billion U.S. dollars)
Number of U.S. homeowner insurance claims paid due to lightning losses 2008-2022 Number of homeowner insurance claims paid due to lightning losses in the United States from 2008 to 2022
Insured catastrophe losses in the U.S. 2004-2023 Insured property losses due to natural disasters in the United States from 2004 to 2023 (in billion U.S. dollars)
Most expensive hurricanes in the U.S. as of 2024, by property losses Most expensive hurricanes in the United States as of January 2024, by insured property losses (in billion U.S. dollars)
Incurred losses for auto insurance in the U.S. 2011-2022 Incurred losses for auto insurance in the United States from 2011 to 2022 (in billion U.S. dollars)
Incurred losses for private passenger auto insurance in the U.S. 2012-2022, by type Incurred losses for private passenger auto insurance in the United States from 2012 to 2022, by type (in billion U.S. dollars)
Incurred losses for homeowner insurance in the U.S. 2012-2022 Incurred losses for homeowner insurance in the United States from 2012 to 2022 (in billion U.S. dollars)
Incurred losses for commercial insurance in the U.S. 2009-2022 Incurred losses for commercial insurance in the United States from 2009 to 2022 (in billion U.S. dollars)
