According to the classification of the American “INSURANCE INFORMATION” Institute, a list of the 10 largest American insurance companies in property and liability activity was issued during 2022, according to the size of these companies’ premiums and their market shares.
Fire insurance in the USA
It is noteworthy that the property and liability insurance activity covers the risks of fire and burglary, and the auto and marine insurance branch includes goods and ship hulls, in addition to accident insurance, professional and civil responsibilities by third parties, as well as engineering insurance on projects, insurance of natural hazards, agricultural insurance, credit insurance, as well as insurance Petroleum, electricity, power, aviation, and other types of property and liability insurances.
State farm
The American “State Farm” company, which operates in several activities, including insurance, finance and investment, employs 19,000 employees worldwide, and serves 83 million customers worldwide, topped the American insurance companies in terms of the volume of premiums and market shares in the property and liability insurance activity. The company's premiums in 2018 amounted to about 65.9 billion dollars, while its market share in property and liability insurance globally reached 9.7%.
Berkshire
The American “Berkshire Hathaway” insurance company ranked second in property and liability insurance activity in 2018, among the top 10 American insurance companies in property and liability activity, and its premiums amounted to $43.9 billion in 2018, with a market share of property insurance activity globally 6.5%.
The American “Liberty Mutual” company ranked third among the top 10 property insurance companies in 2018, with a premium volume of $34.6 billion, with a market share of 5.1%.
In fourth place, the American “Progressive Corp” company specialized in property and liability insurance, especially auto, marine and credit insurance, and its premiums in 2018 amounted to about $33.8 billion, with a market share of 5%.
In fifth place among the top 10 American insurance companies in the property and liability insurance activity, came the American “Allstate Corp” company, which was established in 1931, and the number of insurance policies has 113 million policies worldwide, and it works in the property and life insurance activities, and the volume of its premiums in 2018 about $33.3 billion, with a market share of 4.9% in property and liability activity.
The American "Travelers Companies Inc" ranked sixth in the property and liability insurance activity, with a volume of premiums of $26.2 billion in 2018, with a market share of 3.9%.
USAA Insurance Group
The American “USAA Insurance Group” ranked eighth in the property and liability insurance activity, with a volume of premiums of $21.9 billion, and a market share of 3.2%.
In the seventh place came the “Chubb” Insurance Company, which works in the activities of property, liability, life and medical insurance, and its premiums amounted to $22.1 billion in 2018, with a market share of 3.3%.
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