Commercial Insurance

Top 10 Writers Of Commercial Lines Insurance By Direct Premiums Written, 2022

($000)

Rank Group/company Direct premiums written (1) Market share (2)
1 Chubb Ltd. $24,488,270 5.7%
2 Travelers Companies Inc. 21,709,901 5.0
3 Liberty Mutual 20,070,946 4.6
4 Zurich Insurance Group 17,128,164 4.0
5 Berkshire Hathaway Inc. 16,499,088 3.8
6 American International Group (AIG) 13,614,198 3.1
7 CNA Financial Corp. 12,253,482 2.8
8 Hartford Financial Services 11,711,796 2.7
9 Progressive 10,934,117 2.5
10 Nationwide Mutual Group 10,390,834 2.4

(1) Before reinsurance transactions, includes state funds.
(2) Based on U.S. total, includes territories.

Source: NAIC data, sourced from S&P Global Market Intelligence, Insurance Information Institute.

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Top 10 Global Insurance Companies By Revenues, 2022 (1)

(US$ millions)

Rank Company Revenues Country Industry
1 Berkshire Hathaway $302,089 United States Property/casualty
2 Ping An Insurance 181,566 China Life/health
3 China Life Insurance 151,487 China Life/health
4 Allianz 129,059 Germany Life/health
5 AXA 109,067 France Life/health
6 Life Insurance Corp. of India 98,535 India Life/health
7 People's Insurance Co. of China 91,535 China  Property/casualty
8 State Farm Insurance 89,328 United States Property/casualty
9 Assicurazioni Generali 85,750 Italy Life/health
10 Japan Post Holdings 82,291 Japan Life/health

(1) Based on an analysis of companies in the Global Fortune 500. Includes stock and mutual companies.

Source: Fortune.

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Top 10 Global Property/Casualty Insurance Companies By Revenues, 2011 (1)

($ millions)

Rank Company Revenues Country
1 Berkshire Hathaway $143,688 U.S.
2 Allianz 134,168 Germany
3 Munich Re Group 90,137 Germany
4 American International Group 71,730 U.S.
5 State Farm Insurance Cos. 64,305 U.S.
6 Zurich Insurance Group 52,983 Switzerland
7 MS&AD Insurance Group Holdings 47,684 Japan
8 Tokio Marine Holdings  43,264 Japan
9 People's Insurance Co. of China 36,549 China
10 NKSJ Holdings 35,343 Japan

(1) Based on an analysis of companies in the Global Fortune 500. Includes stock and mutual companies.

Source: Fortune.

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Top 10 Global Insurance Brokers By Revenues, 2022 (1)

(US$ millions)

Rank Company Brokerage revenues Country
1 Marsh & McLennan Cos. Inc.  $20,664  United States
2 Aon PLC 12,403  Ireland
3 Willis Towers Watson PLC  8,726  United Kingdom
4 Arthur J. Gallagher & Co.  8,378  United States
5 Hub International Ltd.  3,758  United States
6 Acrisure LLC 3,619  United States
7 Brown & Brown Inc. 3,563  United States
8 Truist Insurance Holdings Inc.  3,345  United States
9 Alliant Insurance Services, Inc. 3,199  United States
10 Lockton Cos. LLC (2) 3,050  United States

(1) Revenue generated by insurance brokerage and related services.
(2) Fiscal year ending April 30.

Source: Business Insurance (www.businessinsurance.com), July 2023.

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Top Five Global Reinsurance Brokers By Reinsurance Brokerage and Related Services Revenues, 2021 (1)

(US$ millions)

Rank Company Gross reinsurance revenues Country
1 Aon's Reinsurance Solutions $1,997.0 United Kingdom
2 Guy Carpenter & Co. LLC  1,867.0 United States
3 Gallagher Re  925.0 United States
4 Howden Re 220.0 United Kingdom
5 TigerRisk Partners LLC 160.0 United States

(1) Includes all reinsurance revenue reported through holding and/or subsidiary companies.

Source: Business Insurance (www.businessinsurance.com), October 2022.

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Top 10 U.S.-Based Surplus Lines Insurance Companies By Nonadmitted Direct Premiums Written, 2016 (1)

Rank Company Parent Nonadmitted direct written premiums
1 Lexington Insurance Co. American International Group lnc. $3,072,090,784
2 Nationwide Mutual Insurance Co. (2) Nationwide Mutual Insurance Co. 1,677,321,986
3 Chubb LTD. (3) Chubb LTD. 1,486,045,491
4 (AEGIS) Associated Electric & Gas Ins. Services Inc. AEGIS 1,236,475,000
5 Markel Corp. Markel Corp. 1,234,126,766
6 Liberty Mutual Holding Co. Inc. (4) Liberty Mutual Insurance 1,206,000,000
7 Steadfast Insurance Co. Zurich Insurance Group Ltd. 1,075,923,941
8 Indian Harbor Insurance Co. XL Group P.L.C. 928,755,594
9 National Fire & Marine Insurance Co. Berkshire Hathaway Reinsurance Group 901,676,070
10 AIG Specialty Insurance Co. American International Group lnc. 724,617,049

(1) Excludes Lloyd's of London syndicates.
(2) Formerly Scottsdale Insurance Company and Western Heritage Insurance Company.
(3) Includes Westchester Surplus Lines Insurance Co., Illinois Union Insurance Co., Chubb Custom Insurance Co. and Executive Risk Specialty Insurance Co.
(4) Acquired Ironshore Specialty Insurance Co.

Source: Business Insurance (www.businessinsurance.com), September 2017.

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