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U.S. Individual Property and Casualty Insurers with Highest Net Premiums

April 21, 2004, 10:08 a.m. EDT 1 Min Read
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U.S. Individual Property and Casualty Insurers with Highest Net Premiums

U.S. Individual Property and Casualty Insurers with Highest Net Premiums
Written in 2003*. Dollars in thousands
Published April 21, 2004
Rank   2003 2002 Change
1 State Farm Mutual Auto Insurance Co. Bloomington, Ill. $32,234,412 $29,962,305 7.58%
2 Allstate Insurance Co. Northbrook, Ill. 22,961,893 21,906,569 4.82
3 Nationwide Mutual Insurance Co. Columbus, Ohio 11,294,096 9,642,625 17.13
4 State Farm Fire and Casualty Co. Bloomington, Ill. 9,848,659 8,492,187 15.97
5 Continental Casualty Co. Chicago 7,403,129 7,073,312 4.66
6 Zurich American Insurance Co. Schaumburg, Ill. 6,931,391 7,028,549 -1.38
7 Federal Insurance Co. Warren, N.J. 6,625,119 5,428,102 22.05
8 National Union Fire Insurance Co. of Pittsburgh New York 6,113,824 4,640,252 31.76
9 American Home Assurance Co. New York 6,027,996 4,583,930 31.50
10 Government Employees Insurance Co. Washington 5,929,545 5,225,810 13.47
11 Progressive Casualty Insurance Co. Mayfield Village, Ohio 5,870,890 4,643,872 26.42
12 Liberty Mutual Insurance Co. Boston 5,837,881 5,302,795 10.09
13 American Family Mutual Insurance Co. Madison, Wis. 5,541,869 4,877,645 13.62
14 St. Paul Fire and Marine Insurance Co. St. Paul 5,273,605 4,483,981 17.61
15 United Services Auto Association San Antonio 4,423,420 4,056,260 9.05
16 Farmers Insurance Exchange Los Angeles 4,392,734 5,006,002 -12.25
17 Hartford Fire Insurance Co. Conn. 3,578,716 3,378,822 5.92
18 Erie Insurance Exchange Pa. 3,563,017 3,148,997 13.15
19 Travelers Casualty and Surety Co. Hartford, Conn. 3,473,909 3,066,571 13.28
20 General Reinsurance Corp. Stamford, Conn. 3,129,032 3,631,595 -13.84
21 Firemans Fund Insurance Co. Novato, Calif. 3,007,697 1,867,443 61.06
22 Everest Reinsurance Co. Liberty Corner, N.J. 2,964,501 2,119,175 39.89
23 Metropolitan Property and Casualty Insurance Co. Warwick, R.I. 2,961,326 2,876,471 2.95
24 Transatlantic Reinsurance Co. New York 2,945,347 2,219,818 32.68
25 Community Insurance Co. Mason, Ohio 2,934,282 2,615,124 12.20
26 USAA Casualty Insurance Co. San Antonio 2,907,880 2,598,272 11.92
27 Employers Reinsurance Corp. Overland Park, Kan. 2,872,992 2,853,170 0.69
28 Motors Insurance Corp. Southfield, Mich. 2,867,142 2,557,428 12.11
29 Travelers Indemnity Co. Hartford, Conn. 2,850,109 2,433,885 17.10
30 Hartford Accident and Indemnity Co. Hartford, Conn. 2,818,993 2,661,535 5.92
31 Cincinnati Insurance Co. 2,817,385 2,612,742 7.83
32 Lexington Insurance Co. Boston, 2,809,967 1,859,962 51.08
33 Auto-Owners Insurance Co. Lansing, Mich. 2,796,694 2,434,336 14.89
34 National Indemnity Co. Omaha 2,740,860 2,666,259 2.80
35 Factory Mutual Insurance Co. Johnston, R.I. 2,517,537 2,084,383 20.78
36 California State Auto Assn. Inter-Insurance San Francisco 2,001,995 1,845,806 8.46
37 Swiss Reinsurance America Corp. Fort Wayne, Ind. 1,988,501 1,283,006 54.99
38 Interinsurance Exchange of the Automobile Club Santa Ana, Calif. 1,975,182 1,709,513 15.54
39 Anthem Insurance Cos. Inc. Indianapolis 1,974,800 1,806,210 9.33
40 Geico Indemnity Co. Washington 1,954,624 1,557,787 25.47
41 Trinity Universal Insurance Co. Dallas 1,884,325 1,591,851 18.37
42 Odyssey America Reinsurance Co. Stamford, Conn. 1,837,817 1,439,172 27.70
43 Safeco Insurance Co. of America Seattle 1,687,723 1,512,929 11.55
44 Commerce and Industry Insurance Co. New York 1,608,901 1,221,119 31.76
45 State Farm General Insurance Co. Bloomington, Ill. 1,551,233 1,419,535 9.28
46 American Reinsurance Co. Princeton, N.J. 1,541,833 1,169,424 31.85
47 Pacific Indemnity Co. Warren, N.J. 1,540,293 1,260,368 22.21
48 Nationwide Mutual Fire Insurance Co. Columbus, Ohio 1,524,679 1,301,812 17.12
49 Employers Insurance of Wausau Wis. 1,476,703 1,346,742 9.65
50 Berkley Insurance Co. Greenwich, Conn. 1,396,715 940,484 48.51
51 Mid-Century Insurance Co. Los Angeles 1,358,051 1,547,651 -12.25
52 Country Mutual Insurance Co. Bloomington, Ill. 1,356,379 1,165,853 16.34
53 Hanover Insurance Co. Worcester, Mass. 1,356,302 1,394,117 -2.71
54 Progressive Northern Insurance Co. Mayfield Village, Ohio 1,329,258 1,051,443 26.42
55 Progressive Northwestern Insurance Co. Mayfield Village, Ohio 1,329,258 1,051,443 26.42
56 Auto Club Insurance Association Dearborn, Mich. 1,329,239 1,153,862 15.20
57 Commerce Insurance Co. Webster, Mass. 1,313,561 1,127,129 16.54
58 State Farm Lloyds Inc. Dallas 1,307,730 1,276,621 2.44
59 Amica Mutual Insurance Co. Providence, R.I. 1,272,153 1,141,116 11.48
60 21st Century Insurance Co. Woodland Hills, Calif. 1,218,630 957,653 27.25
61 Southern Farm Bureau Casualty Insurance Co. Ridgeland, Miss. 1,213,079 1,052,612 15.24
62 Mortgage Guaranty Insurance Corp. Milwaukee 1,203,761 1,038,505 15.91
63 General Insurance Co. of America Seattle 1,176,292 1,054,466 11.55
64 Mercury Insurance Co. Los Angeles 1,070,281 929,466 15.15
65 Partner Reinsurance Co. of the U.S. Greenwich, Conn. 1,039,446 754,008 37.86
66 Ace American Insurance Co. Philadelphia 1,033,673 790,716 30.73
67 Federated Mutual Insurance Co. Owatonna, Minn. 1,028,321 1,041,659 -1.28
68 Ambac Assurance Corp. New York 1,019,164 806,477 26.37
69 Sentry Insurance a Mutual Co. Stevens Point, Wis. 1,015,780 931,739 9.02
70 Great American Insurance Co. Cincinnati 998,957 1,118,864 -10.72
71 Allstate New Jersey Insurance Co. Northbrook, Ill. 991,772 1,008,163 -1.63
72 Ace Property and Casualty Insurance Co. Philadelphia 988,486 756,149 30.73
73 MBIA Insurance Corp. Armonk, N.Y. 971,917 706,848 37.50
74 American States Insurance Co. Seattle 971,719 871,080 11.55
75 Berkley Regional Insurance Co. Urbandale, Iowa 968,270 782,906 23.68
76 New Jersey Manufacturers Insurance Co. West Trenton 968,030 879,016 10.13
77 Peerless Insurance Co. Boston 941,122 790,548 19.05
78 Foremost Insurance Co. Grand Rapids, Mich. 926,859 663,036 39.79
79 Onebeacon Insurance Co. Boston 925,056 1,208,303 -23.44
80 Liberty Mutual Fire Insurance Boston 922,940 841,713 9.65
81 Folksamerica Reinsurance Co. New York 889,177 678,728 31.01
82 Shelter Mutual Insurance Co. Columbia, Mo. 880,112 818,278 7.56
83 Citizens Insurance Co. of America Howell, Mich. 878,933 875,094 0.44
84 Hartford Insurance Co. of Illinois Hartford, Conn. 870,965 822,316 5.92
85 Mercury Casualty Co. Los Angeles 870,344 669,914 29.92
86 Westfield Insurance Co. Westfield Center, Ohio 865,838 795,007 8.91
87 Grange Mutual Casualty Co. Columbus, Ohio 862,444 772,716 11.61
88 State Farm Florida Insurance Co. Winter Haven 855,620 730,344 17.15
89 Phoenix Insurance Co. Hartford, Conn. 852,352 744,549 14.48
90 Standard Fire Insurance Co. Hartford, Conn. 826,114 721,641 14.48
91 Birmingham Fire Insurance Co. of Pennsylvania New York 804,451 610,559 31.76
92 Insurance Co. of the State of Pennsylvania New York 804,451 610,559 31.76
93 New Hampshire Insurance Co. New York 804,451 610,559 31.76
94 U.S. Fidelity and Guaranty Co. St. Paul 794,195 667,963 18.90
95 Travelers Casualty and Surety Co. of America Hartford, Conn. 776,406 626,358 23.96
96 Progressive Specialty Insurance Co. Mayfield Village, Ohio 775,401 613,342 26.42
97 State Farm Indemnity Co. Parsippany, N.J. 767,925 854,683 -10.15
98 Zenith Insurance Co. Woodland Hills, Calif. 767,016 568,954 34.81
99 Converium Reinsurance of North America Inc. Stamford, Conn. 763,897 1,064,112 -28.21
100 Clarendon National Insurance Co. New York 748,578 616,412 21.44
101 Executive Risk Indemnity Inc. Warren, N.J. 724,351 592,859 22.18
102 American Economy Insurance Co. Seattle 716,004 641,849 11.55
103 Medical Protective Co. Fort Wayne, Ind. 713,505 538,436 32.51
104 Virginia Surety Co. Inc. Glenview, Ill. 708,238 681,949 3.85
105 Evanston Insurance Co. Deerfield, Ill. 699,445 568,962 22.93
106 Employers Mutual Casualty Co. Des Moines 696,326 664,228 4.83
107 Selective Insurance Co. of America Branchville, N.J. 685,817 596,685 14.94
108 Owners Insurance Co. Lansing, Mich. 684,101 537,646 27.24
109 Ohio Casualty Insurance Co. Fairfield 674,437 665,933 1.28
110 West American Insurance Co. Fairfield, Ohio 674,437 665,933 1.28
111 State Auto Property and Casualty Insurance Co. Columbus, Ohio 670,331 640,199 4.71
112 Farm Bureau Mutual Insurance Co. West Des Moines 668,040 385,426 73.33
113 Platinum Underwriters Reinsurance Co. New York 667,516 298,114 123.91
114 Prudential Property and Casualty Insurance Co. Boston 664,729 1,298,704 -48.82
115 Progressive Preferred Insurance Co. Mayfield Village, Ohio 664,629 525,721 26.42
116 Truck Insurance Exchange Los Angeles 657,849 749,692 -12.25
117 General Casualty Co. of Wisconsin Sun Prairie 648,519 630,220 2.90
118 AIU Insurance Co. New York 646,766 531,091 21.78
119 Fire Insurance Exchange Los Angeles 636,628 725,509 -12.25
120 Starr Excess Liability Insurance Co. New York 632,243 418,491 51.08
121 Radian Guaranty Inc. Philadelphia 629,064 587,745 7.03
122 Indiana Insurance Co. Boston 628,621 528,045 19.05
123 American International Insurance Co. Wilmington, Del. 626,009 583,876 7.22
124 Medical Liability Mutual Insurance Co. Latham, N.Y. 620,629 841,924 -26.28
125 Peerless Independent Insurance Co. Boston 619,117 520,062 19.05
126 GE Reinsurance Corp. Barrington, Ill. 617,849 736,103 -16.06
127 American National Property and Casualty Co. Springfield, Mo. 617,784 482,373 28.07
128 PMI Mortgage Insurance Co. Walnut Creek, Calif. 617,035 546,501 12.91
129 Farmers Reinsurance Co. Los Angeles 614,934 360,273 70.69
130 Balboa Insurance Co. Irvine, Calif. 614,120 498,917 23.09
131 Farmers Insurance Co. of Oregon Tigard 594,187 677,142 -12.25
132 Acuity, a Mutual Insurance Company Sheboygan, Wis. 586,880 509,683 15.15
133 United States Fire Insurance Co. Morristown, N.J. 585,382 433,157 35.14
134 Utica Mutual Insurance Co. N.Y. 583,994 572,575 1.99
135 West Bend Mutual Insurance Co. Wis. 569,188 496,890 14.55
136 Kentucky Farm Bureau Mutual Insurance Co. Louisville 567,515 516,992 9.77
137 Admiral Insurance Co. Cherry Hill, N.J. 561,260 422,436 32.86
138 Liberty Insurance Corp. Boston 553,764 505,028 9.65
139 Atlantic Mutual Insurance Co. New York 553,352 493,227 12.19
140 Scottsdale Insurance Co. Ariz. 539,709 460,818 17.12
141 North Carolina Farm Bureau Mutual Insurance Co. Raleigh 539,003 463,123 16.38
142 Safety Insurance Co. Boston 538,621 491,734 9.54
143 Gulf Insurance Co. Dallas 530,249 521,226 1.73
144 Hartford Steam Boiler Inspection and Insurance Co. Conn. 528,754 461,321 14.62
145 Westchester Fire Insurance Co. Philadelphia 527,126 498,549 5.73
146 Pacific Employers Insurance Co. Philadelphia 502,716 384,556 30.73
147 American Bankers Insurance Co. of Florida Miami 499,774 496,157 0.73
148 PMA Capital Insurance Co. Philadelphia 494,629 636,400 -22.28
149 American Agricultural Insurance Co. Park Ridge, Ill. 492,791 389,400 26.55
150 High Point Preferred Insurance Co. Holmdel, N.J. 481,886 512,266 -5.93

Notes: *Data derived from companies' income statements.

Source: Thomson Financial Insurance Solutions

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