Topic: Property and casualty insurance in the United States (2024)

Editor’s Picks Current statistics on this topic

Current statistics on this topic

Residential Real EstateHomeownership rate in the U.S. 1990-2023
InsuranceGross premiums written by property and casualty insurance in the U.S. 2004-2022
InsuranceNumber of employees in the U.S. property and casualty insurance industry 2005-2022

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Recommended statistics

Key players

9
  • Premium Statistic Leading property and casualty insurance companies in the U.S. 2020-2021, by revenue
  • Premium Statistic Leading U.S. writers of property and casualty insurance 2020-2022, by market share
  • Premium Statistic Satisfaction in property and casualty insurance brands in the U.S. 2022-2023
  • Premium Statistic Customer experience satisfaction of property and casualty insurance in the U.S. 2023
  • Premium Statistic Leading writers of commercial lines insurance in the U.S. 2021-2022, by premiums
  • Basic Statistic Market share of commercial lines insurers in the U.S. 2021-2022, by premiums
  • Premium Statistic Leading private passenger auto insurers in the U.S. 2021-2022, by premiums
  • Premium Statistic Market share of leading U.S. private passenger auto insurers 2021-2022, by premiums
  • Premium Statistic Leading U.S. commercial auto insurance companies 2020-2022, by market share

Key players

  • Premium Statistic Leading property and casualty insurance companies in the U.S. 2020-2021, by revenue

    Topic: Property and casualty insurance in the United States (4)

    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)

  • Premium Statistic Leading U.S. writers of property and casualty insurance 2020-2022, by market share

    Topic: Property and casualty insurance in the United States (5)

    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

  • Premium Statistic Satisfaction in property and casualty insurance brands in the U.S. 2022-2023

    Topic: Property and casualty insurance in the United States (6)

    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

  • Premium Statistic Customer experience satisfaction of property and casualty insurance in the U.S. 2023

    Topic: Property and casualty insurance in the United States (7)

    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

  • Premium Statistic Leading writers of commercial lines insurance in the U.S. 2021-2022, by premiums

    Topic: Property and casualty insurance in the United States (8)

    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)

  • Basic Statistic Market share of commercial lines insurers in the U.S. 2021-2022, by premiums

    Topic: Property and casualty insurance in the United States (9)

    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

  • Premium Statistic Leading private passenger auto insurers in the U.S. 2021-2022, by premiums

    Topic: Property and casualty insurance in the United States (10)

    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)

  • Premium Statistic Market share of leading U.S. private passenger auto insurers 2021-2022, by premiums

    Topic: Property and casualty insurance in the United States (11)

    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

  • Premium Statistic Leading U.S. commercial auto insurance companies 2020-2022, by market share

    Topic: Property and casualty insurance in the United States (12)

    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

Financial KPIs of the industry

6
  • Premium Statistic Size of property, casualty and direct insurance market in the U.S. 2009-2022
  • Premium Statistic Leading U.S. mutual property and casualty insurance companies 2020-2021, by profit
  • Premium Statistic Profit of leading property/casualty insurance providers (stock) in the U.S. 2020-2021
  • Premium Statistic Value of investments of property and casualty insurers in the U.S. 2013-2022
  • Premium Statistic Investments of property and casualty insurers in the U.S. 2013-2022, by asset type
  • Premium Statistic Number of employees in the U.S. property and casualty insurance industry 2005-2022

Financial KPIs of the industry

  • Premium Statistic Size of property, casualty and direct insurance market in the U.S. 2009-2022

    Topic: Property and casualty insurance in the United States (13)

    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)

  • Premium Statistic Leading U.S. mutual property and casualty insurance companies 2020-2021, by profit

    Topic: Property and casualty insurance in the United States (14)

    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)

  • Premium Statistic Profit of leading property/casualty insurance providers (stock) in the U.S. 2020-2021

    Topic: Property and casualty insurance in the United States (15)

    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)

  • Premium Statistic Value of investments of property and casualty insurers in the U.S. 2013-2022

    Topic: Property and casualty insurance in the United States (16)

    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)

  • Premium Statistic Investments of property and casualty insurers in the U.S. 2013-2022, by asset type

    Topic: Property and casualty insurance in the United States (17)

    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)

  • Premium Statistic Number of employees in the U.S. property and casualty insurance industry 2005-2022

    Topic: Property and casualty insurance in the United States (18)

    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)

Insurance premiums

5
  • Premium Statistic Gross premiums written by property and casualty insurance in the U.S. 2004-2022
  • Premium Statistic Net premiums written by property and casualty insurers in the U.S. 2004-2022
  • Premium Statistic Share of property and casualty insurance premiums in the U.S. 2019-2022, by line
  • Premium Statistic Leading U.S. writers of property and casualty insurance 2020-2022, by premiums
  • Premium Statistic U.S. property and casualty B2B reinsurers 2021-2022, by direct premiums written

Insurance premiums

  • Premium Statistic Gross premiums written by property and casualty insurance in the U.S. 2004-2022

    Topic: Property and casualty insurance in the United States (19)

    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)

  • Premium Statistic Net premiums written by property and casualty insurers in the U.S. 2004-2022

    Topic: Property and casualty insurance in the United States (20)

    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)

  • Premium Statistic Share of property and casualty insurance premiums in the U.S. 2019-2022, by line

    Topic: Property and casualty insurance in the United States (21)

    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

  • Premium Statistic Leading U.S. writers of property and casualty insurance 2020-2022, by premiums

    Topic: Property and casualty insurance in the United States (22)

    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)

  • Premium Statistic U.S. property and casualty B2B reinsurers 2021-2022, by direct premiums written

    Topic: Property and casualty insurance in the United States (23)

    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)

Auto insurance

5
  • Premium Statistic Market share of leading U.S. private passenger auto insurers 2021-2022, by premiums
  • Premium Statistic Leading U.S. commercial auto insurers 2020-2022, by direct premiums written
  • Premium Statistic Leading private passenger auto insurers in the U.S. 2021-2022, by premiums
  • Premium Statistic Average monthly car insurance expenditure in the U.S. 2023, by gender
  • Premium Statistic Monthly motorcycle insurance premium in the U.S. by state 2023

Auto insurance

  • Premium Statistic Market share of leading U.S. private passenger auto insurers 2021-2022, by premiums

    Topic: Property and casualty insurance in the United States (24)

    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

  • Premium Statistic Leading U.S. commercial auto insurers 2020-2022, by direct premiums written

    Topic: Property and casualty insurance in the United States (25)

    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)

  • Premium Statistic Leading private passenger auto insurers in the U.S. 2021-2022, by premiums

    Topic: Property and casualty insurance in the United States (26)

    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)

  • Premium Statistic Average monthly car insurance expenditure in the U.S. 2023, by gender

    Topic: Property and casualty insurance in the United States (27)

    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)

  • Premium Statistic Monthly motorcycle insurance premium in the U.S. by state 2023

    Topic: Property and casualty insurance in the United States (28)

    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)

Homeowner insurance

4
  • Premium Statistic Leading U.S. writers of homeowners insurance 2020-2022, by premiums
  • Premium Statistic Leading U.S. homeowner insurance companies 2020-2022, by premiums
  • Premium Statistic Value of homeowner multiple peril insurance net premiums in the U.S. 2006-2022
  • Premium Statistic Number of U.S. homeowner insurance claims paid due to lightning losses 2008-2022

Homeowner insurance

  • Premium Statistic Leading U.S. writers of homeowners insurance 2020-2022, by premiums

    Topic: Property and casualty insurance in the United States (29)

    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)

  • Premium Statistic Leading U.S. homeowner insurance companies 2020-2022, by premiums

    Topic: Property and casualty insurance in the United States (30)

    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

  • Premium Statistic Value of homeowner multiple peril insurance net premiums in the U.S. 2006-2022

    Topic: Property and casualty insurance in the United States (31)

    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)

  • Premium Statistic Number of U.S. homeowner insurance claims paid due to lightning losses 2008-2022

    Topic: Property and casualty insurance in the United States (32)

    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 losses

6
  • Premium Statistic Insured catastrophe losses in the U.S. 2004-2022
  • Premium Statistic Most expensive hurricanes in the U.S. as of 2023, by property losses
  • Premium Statistic Incurred losses for auto insurance in the U.S. 2011-2022
  • Premium Statistic Incurred losses for private passenger auto insurance in the U.S. 2012-2022, by type
  • Premium Statistic Incurred losses for homeowner insurance in the U.S. 2012-2022
  • Premium Statistic Incurred losses for commercial insurance in the U.S. 2009-2022

Insured losses

  • Premium Statistic Insured catastrophe losses in the U.S. 2004-2022

    Topic: Property and casualty insurance in the United States (33)

    Insured catastrophe losses in the U.S. 2004-2022

    Insured property losses due to natural disasters in the United States from 2004 to 2022 (in billion U.S. dollars)

  • Premium Statistic Most expensive hurricanes in the U.S. as of 2023, by property losses

    Topic: Property and casualty insurance in the United States (34)

    Most expensive hurricanes in the U.S. as of 2023, by property losses

    Most expensive hurricanes in the United States as of January 2023, by insured property losses (in billion U.S. dollars)

  • Premium Statistic Incurred losses for auto insurance in the U.S. 2011-2022

    Topic: Property and casualty insurance in the United States (35)

    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)

  • Premium Statistic Incurred losses for private passenger auto insurance in the U.S. 2012-2022, by type

    Topic: Property and casualty insurance in the United States (36)

    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)

  • Premium Statistic Incurred losses for homeowner insurance in the U.S. 2012-2022

    Topic: Property and casualty insurance in the United States (37)

    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)

  • Premium Statistic Incurred losses for commercial insurance in the U.S. 2009-2022

    Topic: Property and casualty insurance in the United States (38)

    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)

Topic: Property and casualty insurance in the United States (2024)

FAQs

Topic: Property and casualty insurance in the United States? ›

Property and casualty insurance is a broad insurance, which includes coverage to your structure, property and belongings in the event of vandalism, theft, and more. If a thief were to break into your home, you would be protected up to your covered limits under your homeowners insurance policy.

How big is the P&C insurance market in the US? ›

The size of the property, casualty and direct insurance market in the United States is expected to reach almost 850 billion U.S. dollars in 2022. This is a small increase from the previous year when this market was valued at 819 billion U.S. dollars.

What is property and casualty insurance in USA? ›

Property and casualty (P&C) insurers are companies that provide coverage on assets, as well as liability insurance for accidents, injuries, and damage to others or their belongings. P&C insurers cover a number of things, including auto insurance, home insurance, marine insurance, and professional liability insurance.

What is the largest P&C insurance company in the US? ›

1. State Farm. State Farm is the industry's biggest player, both in the US and overseas. The Bloomington, Illinois-based P&C insurance giant wrote almost $78 billion worth of premiums in the past year.

How many property casualty insurance companies are there in the USA? ›

There are 3,623 Property, Casualty and Direct Insurance businesses in the US as of 2023, an increase of 0.2% from 2022.

What are the trends for property and casualty insurance industry in 2024? ›

Our outlook for 2024 remains decidedly more favorable than 2023, with continued strong premium growth and easing inflation pressures. We raise our premium growth estimate to 8.0% for 2024 (from 7.0%) and forecast 5.0% growth in 2025. We forecast industry ROE of 9.5% in 2024 and 10.0% in 2025.

What is the richest insurance company in the United States? ›

Berkshire Hathaway was the largest insurance company in the United States in 2022, with total assets amounting to almost 950 billion U.S. dollars. Prudential Financial and Metlife secured second and third place, respectively.

What are the two major lines of property casualty P&C insurance firms? ›

The term property and casualty insurance typically contains two primary coverage types: liability coverage and property protection coverage.

How does property and casualty insurance make money? ›

Insurance companies earn a profit by charging their customer premiums for buying insurance policies. However, insurers also earn income by investing the premiums received in various products, including U.S. Treasuries and corporate bonds.

What are the three main types of property insurance coverage? ›

Key Takeaways

The three types of property insurance coverage are replacement cost, actual cash value, and extended replacement costs.

What are the top 5 property and casualty insurance companies in the US? ›

The largest P&C insurers in the United States
RankingP/C insurance company name2023 Net premiums written (US $ 000)
1State Farm Group92,601,744
2Berkshire Hathaway Ins77,192,100
3Progressive Ins Group61,494,243
4Allstate Ins Group47,398,840
96 more rows

What do the top P&C insurance agents make? ›

While ZipRecruiter is seeing salaries as high as $77,966 and as low as $22,699, the majority of Property And Casualty Insurance Agent salaries currently range between $37,000 (25th percentile) to $53,800 (75th percentile) with top earners (90th percentile) making $63,655 annually in California.

What is the oldest P&C insurance company? ›

1. The Philadelphia Contributionship. Established in 1752 by Benjamin Franklin, it's the oldest property insurance company in the United States.

What is the outlook for the property and casualty insurance industry? ›

We forecast industry ROE at 9.5% in 2024 and 10.0% in 2025, up from an estimated 5.0% in 2023. The 2023 result was below our expectations, weighed down by the impact of persistent inflation and elevated insured losses from severe convective storms throughout the year, despite a relatively benign hurricane season.

How big is the US P&C market? ›

According to Statistica, the market size for P&C and Direct insurance is at an all time high, up to $843.63 billion, and up by $22 billion from the previous year in 2023. The highest industry growth occurred between 2017 and 2018, up from $629.33 billion to $682.98 billion between these years.

Is property-casualty insurers a good career path? ›

So, is property-casualty insurers a good career path? Absolutely. With its stability, diverse career opportunities, competitive salaries, and potential for professional growth, the property-casualty insurance industry offers a promising and rewarding career.

What is the market size of the insurance industry in the US? ›

In 2023, the USA Life & Non-Life Insurance Market size was estimated at USD 1.89 trillion. The report covers the USA Life & Non-Life Insurance Market historical market size for years: 2020, 2021, 2022 and 2023.

Is P&C insurance profitable? ›

Favorable first-quarter economic and underwriting results for property/casualty insurance align with projections that the industry will see a small underwriting loss in 2024 and achieve profitability in 2025, according to the latest forecasting report from the Insurance Information Institute (Triple-I) and Milliman.

How big is the home insurance market in the US? ›

Home Insurance Market was valued at USD 233 billion in 2023 and is anticipated to grow at a CAGR of over 7% between 2024 and 2032.

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