Banks and S&Ls with Highest Nonperformer Ratios in 2001

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Banks and S&Ls with Highest Nonperformer Ratios in 2001
Top 150 U.S. Individual Property and Casualty Companies 

By net premiums written* during year. Dollars in thousands - Published April 18, 2002

Rank  

2001

2000

Change
1 State Farm Mutual Auto Insurance Co. Bloomington, Ill. $26,734,342 $23,216,513 15.15%
2 Allstate Insurance Co. Northbrook, Ill. 20,706,989 20,430,834 1.35
3 Nationwide Mutual Insurance Co. Columbus, Ohio 8,721,927 7,821,650 11.51
4 State Farm Fire and Casualty Co. Bloomington, Ill. 7,474,269 6,692,361 11.68
5 Farmers Insurance Exchange Los Angeles 5,272,571 5,232,962 0.76
6 Zurich American Insurance Co. Schaumburg, Ill. 5,076,094 3,613,623 40.47
7 St. Paul Fire and Marine Insurance Co. St. Paul 4,747,432 3,572,390 32.89
8 Government Employees Insurance Co. Washington, D.C. 4,711,370 4,290,394 9.81
9 Liberty Mutual Insurance Co. Boston 4,661,001 4,579,751 1.77
10 Federal Insurance Co. Warren, N.J. 4,170,686 3,878,682 7.53
11 American Family Mutual Insurance Co. Madison, Wis. 4,120,837 3,768,854 9.34
12 General Reinsurance Corp. Stamford, Conn. 3,684,358 3,260,803 12.99
13 United Services Auto Association San Antonio 3,650,518 3,415,196 6.89
14 Progressive Casualty Insurance Co. Mayfield Village, Ohio 3,579,901 3,051,503 17.32
15 Continental Casualty Co. Chicago 3,433,847 4,848,264 -29.17
16 Metropolitan Property and Casualty Insurance Co. Warwick, R.I. 3,108,207 1,905,582 63.11
17 Firemans Fund Insurance Co. Novato, Calif. 3,046,953 2,378,883 28.08
18 American Home Assurance Co. New York 2,897,521 2,544,054 13.89
19 National Union Fire Insurance Co. of Pittsburgh New York 2,895,773 2,537,475 14.12
20 American Reinsurance Co. Princeton, N.J. 2,761,559 3,165,479 -12.76
21 Hartford Fire Insurance Co. Conn. 2,708,622 2,757,957 -1.79
22 Travelers Casualty and Surety Co. Hartford, Conn. 2,655,180 2,385,471 11.31
23 Cincinnati Insurance Co. 2,590,807 1,881,112 37.73
24 Erie Insurance Exchange Pa. 2,550,989 2,221,828 14.81
25 Travelers Indemnity Co. Hartford, Conn. 2,405,089 2,099,521 14.55
26 Motors Insurance Corp. Southfield, Mich. 2,384,766 1,985,865 20.09
27 USAA Casualty Insurance Co. San Antonio 2,317,812 2,084,151 11.21
28 Community Insurance Co. Mason, Ohio 2,140,283 1,905,865 12.3
29 Hartford Accident and Indemnity Co. Conn. 2,133,611 2,172,473 -1.79
30 Auto-Owners Insurance Co. Lansing, Mich. 2,087,709 1,838,517 13.55
31 Employers Reinsurance Corp. Overland Park, Kan. 1,920,315 2,227,138 -13.78
32 Lumbermens Mutual Casualty Co. Long Grove, Ill. 1,880,942 2,146,285 -12.36
33 Anthem Insurance Cos. Inc Indianapolis 1,753,216 1,509,153 16.17
34 Continental Insurance Co. Chicago 1,711,255 322,910 429.95
35 California State Auto Association Inter-Insurance San Francisco 1,711,094 1,605,983 6.54
36 Transatlantic Reinsurance Co. New York 1,675,896 1,456,678 15.05
37 Swiss Reinsurance America Corp. Armonk, N.Y. 1,647,179 1,758,729 -6.34
38 Mid-Century Insurance Co. Los Angeles 1,630,740 1,617,785 0.8
39 Safeco Insurance Co. of America Seattle 1,464,937 1,494,136 -1.95
40 Interinsurance Exchange of the Automobile Club Santa Ana, Calif. 1,457,350 1,333,131 9.32
41 Everest Reinsurance Co. Liberty Corner, N.J. 1,380,109 1,211,773 13.89
42 Hanover Insurance Co. Worcester, Mass. 1,374,602 1,280,410 7.36
43 Geico Indemnity Co. Washington, D.C. 1,289,632 1,303,737 -1.08
44 State Farm General Insurance Co. Bloomington, Ill. 1,221,236 1,082,797 12.79
45 Great American Insurance Co. Cincinnati 1,210,561 1,044,019 15.95
46 Prudential Property and Casualty Insurance Co. Holmdel, N.J. 1,199,961 1,071,499 11.99
47 Employers Insurance of Wausau Wis. 1,183,746 1,225,233 -3.39
48 Nationwide Mutual Fire Insurance Co. Columbus, Ohio 1,177,512 1,055,969 11.51
49 Medical Mutual of Ohio Cleveland 1,143,866 1,100,330 3.96
50 Factory Mutual Insurance Co. Johnston, R.I. 1,096,617 788,856 39.01
51 Onebeacon Insurance Co. Boston 1,084,947 2,198,783 -50.66
52 TIG Insurance Co. Irving, Tex. 1,054,750 1,058,715 -0.37
53 State Farm Lloyds Inc Dallas 1,043,882 922,588 13.15
54 Auto Club Insurance Association Dearborn, Mich. 1,031,299 967,918 6.55
55 General Insurance Co. of America Seattle 1,021,017 1,041,367 -1.95
56 Trinity Universal Insurance Co . Dallas 998,641 875,442 14.07
57 Amica Mutual Insurance Co. Providence, R.I. 987,522 922,066 7.1
58 Country Mutual Insurance Co. Bloomington, Ill. 976,575 861,135 13.41
59 Pacific Indemnity Co. Warren, N.J. 966,615 899,142 7.5
60 Federated Mutual Insurance Co. Owatonna, Minn. 964,960 796,322 21.18
61 Lexington Insurance Co. Boston 956,115 533,803 79.11
62 Commerce Insurance Co. Webster, Mass. 932,079 890,146 4.71
63 Mortgage Guaranty Insurance Corp. Milwaukee 923,885 813,185 13.61
64 Sentry Insurance a Mutual Co. Stevens Point, Wis. 921,133 750,942 22.66
65 Southern Farm Bureau Casualty Insurance Co. Ridgeland, Miss. 920,392 855,332 7.61
66 Allstate New Jersey Insurance Co. Northbrook, Ill. 911,327 815,115 11.8
67 GE Reinsurance Corp. Barrington, Ill. 906,628 1,096,434 -17.31
68 National Indemnity Co. Omaha 905,408 683,638 32.44
69 Citizens Insurance Co. of America Howell, Mich. 903,646 876,836 3.06
70 21st Century Insurance Co. Woodland Hills, Calif. 868,955 832,127 4.43
71 American States Insurance Co. Seattle 843,448 860,260 -1.95
72 Converium Reinsurance North America Inc. Stamford, Conn. 839,064 959,759 -12.58
73 Odyssey America Reinsurance Co. Stamford, Conn. 836,460 515,306 62.32
74 State Farm Indemnity Co. Wayne, N.J. 824,575 827,356 -0.34
75 Westfield Insurance Co. Westfield Center, Ohio 816,247 445,230 83.33
76 Progressive Northern Insurance Co. Mayfield Village, Ohio $810,544 $690,906 17.32%
77 Progressive Northwestern Insurance Co. Mayfield Village, Ohio 810,544 690,906 17.32
78 New Jersey Manufacturers Insurance Co. West Trenton 807,024 713,488 13.11
79 Mercury Insurance Co. Los Angeles 790,775 738,165 7.13
80 Truck Insurance Exchange Los Angeles 789,613 783,680 0.76
81 Fire Insurance Exchange Los Angeles 764,140 758,400 0.76
82 Blue Cross and Blue Shield of South Carolina Inc. Columbia 763,513 660,096 15.67
83 Commerce and Industry Insurance Co. New York 762,045 667,757 14.12
84 Universal Underwriters Insurance Co. Overland Park, Kan. 757,896 659,498 14.92
85 Berkley Regional Insurance Co. Scottsdale, Ariz. 741,601 854,020 -13.16
86 Liberty Mutual Fire Insurance Boston 739,841 734,703 0.7
87 Gerling Global Reinsurance Corp. of America New York 737,111 870,624 -15.34
88 Shelter Mutual Insurance Co. Columbia, Mo. 732,532 677,934 8.05
89 Farmers Insurance Co. of Oregon Tigard 713,171 707,840 0.75
90 Phoenix Insurance Co. Hartford, Conn. 671,162 603,307 11.25
91 Royal Insurance Co. of America Naperville, Ill. 666,076 664,021 0.31
92 Hartford Insurance Co. of Illinois Hartford, Conn. 659,207 671,214 -1.79
93 Standard Fire Insurance Co. Hartford, Conn. 655,773 571,229 14.8
94 Peerless Insurance Co. Keene, N.H. 653,275 357,080 82.95
95 US Fidelity and Guaranty Co. St. Paul 638,577 697,108 -8.4
96 Ohio Casualty Insurance Co. Fairfield 631,974 657,703 -3.91
97 West American Insurance Co. Fairfield, Ohio 631,974 657,703 -3.91
98 Grange Mutual Casualty Co. Columbus, Ohio 628,239 561,798 11.83
99 General Casualty Co. of Wisconsin Sun Prairie 627,771 454,415 38.15
100 Employers Mutual Casualty Co. Des Moines 623,435 530,312 17.56
101 American Economy Insurance Co. Seattle 621,488 633,876 -1.95
102 MBIA Insurance Corp. Armonk, N.Y. 620,920 489,242 26.91
103 Ambac Assurance Corp. New York 598,877 409,506 46.24
104 State Farm Florida Insurance Co. Winter Haven 592,594 548,393 8.06
105 Travelers Casualty and Surety Co. of America Hartford, Conn. 586,138 483,257 21.29
106 Utica Mutual Insurance Co. Utica, N.Y. 573,906 587,585 -2.33
107 General Electric Mortgage Insurance Corp. Raleigh, N.C. 567,062 570,288 -0.57
108 Royal Indemnity Co. Charlotte, N.C. 551,399 282,209 95.39
109 Ace American Insurance Co. Philadelphia 547,299 481,058 13.77
110 Atlantic Mutual Insurance Co. New York 542,095 406,060 33.5
111 Healthcare Underwriters Mutual Insurance Co Latham, N.Y. 526,595 93,941 460.56
112 Ace Property and Casualty Insurance Co. Philadelphia 523,373 460,028 13.77
113 Radian Guaranty Inc Philadelphia 514,523 397,204 29.54
114 Selective Insurance Co. of America Branchville, N.J. 514,518 465,476 10.54
115 Foremost Insurance Co. Grand Rapids, Mich. 513,138 399,190 28.54
116 FCCI Mutual Insurance Co. Sarasota, Fla. 507,037 345,284 46.85
117 State Auto Property and Casualty Insurance Co. Columbus, Ohio 506,531 281,559 79.9
118 Partner Reinsurance Co. of the US Greenwich, Conn. 498,781 369,726 34.91
119 PMI Mortgage Insurance Co. San Francisco 496,929 434,470 14.38
120 American Bankers Insurance Co. of Florida Miami 479,311 464,736 3.14
121 Zenith Insurance Co. Woodland Hills, Calif. 477,138 344,691 38.42
122 Progressive Specialty Insurance Co. Mayfield Village, Ohio 472,817 403,029 17.32
123 Kentucky Farm Bureau Mutual Insurance Co. Louisville 472,033 429,930 9.79
124 Mercury Casualty Co. Los Angeles 472,020 411,240 14.78
125 American Insurance Co. Novato, Calif. 467,823 365,249 28.08
126 Virginia Surety Co. Inc Glenview, Ill. 465,632 518,930 -10.27
127 Safety Insurance Co. Boston 461,725 359,913 28.29
128 Prudential Property and Casualty Insurance Co. of New Jersey Holmdel 458,849 405,986 13.02
129 Folksamerica Reinsurance Co. New York 458,177 332,691 37.72
130 Executive Risk Indemnity Inc Warren, N.J. 454,877 489,954 -7.16
131 Westport Insurance Corp. Overland Park, Kan. 454,087 359,318 26.37
132 Liberty Insurance Corp. Boston 443,905 440,822 0.7
133 Rocky Mountain Hospital and Medical Service Inc. Denver 442,679 348,233 27.12
134 Berkley Insurance Co. Florham Park, N.J. 436,319 444,684 -1.88
135 American International Insurance Co. Wilmington, Del. 425,042 489,107 -13.1
136 American National Property and Casualty Co. Springfield, Mo. 424,970 379,171 12.08
137 AIU Insurance Co. New York 423,903 451,146 -6.04
138 Scor Reinsurance Co. New York 417,518 414,105 0.82
139 North Carolina Farm Bureau Mutual Insurance Co. Raleigh 416,856 397,749 4.8
140 Scottsdale Insurance Co. Scottsdale 416,819 373,795 11.51
141 Hartford Steam Boiler Inspection and Insurance Co. Conn. 410,457 392,731 4.51
142 Owners Insurance Co. Lansing, Mich. 407,754 324,715 25.57
143 Progressive Preferred Insurance Co. Mayfield Village, Ohio 405,272 345,453 17.32
144 Acuity, a Mutual Insurance Company Sheboygan, Wis. 402,091 331,814 21.18
145 Farmers Reinsurance Co. Los Angeles 400,000 1,000,000 -60
146 Northland Insurance Co. St. Paul 399,894 370,393 7.96
147 Indiana Insurance Co. Keene, N.H. 397,128 319,372 24.35
148 Atlas Assurance Co. of America Keene, N.H. 391,124 314,544 24.35
149 West Bend Mutual Insurance Co. Wis. 388,648 317,535 22.4
150 Westchester Fire Insurance Co. Philadelphia 386,257 235,940 63.71

*Premiums written minus premiums ceded to company's reinsurer

© 2002 American Banker
Source: Sheshunoff Information Services