20 insurers with the largest homeowners market share

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The top five insurance companies in the ranking had an average homeowners market share of 9.15% as of December 31, 2024. The combined direct premiums written by the top five insurance companies totaled more than $15 billion.

The rankings also measured factors including direct loss to earned premium (EP) ratio and direct losses and defense and cost containment (DCC) expenses to EP ratio. 

Scroll through to see which insurance companies are in the top 20 and how they fared through the end of December 2024.

Source: National Association of Insurance Commissioners

Insurers with the largest homeowners market share

Rank Company Market
share
(%)
YoY
change
(%)
Direct
premiums
written
($)
Direct
premiums
earned
($)
Direct
loss to
EP ratio
Direct
loss and
DCC to
EP ratio
20 Amica 0.71 -0.04 1,230,248,232 1,181,271,268 50.66 52.43
19 Mercury 0.83 0.08 1,428,232,834 1,282,687,777 53.62 56.19
18 CSAA 0.89 0.02 1,532,637,689 1,417,916,024 51.03 51.39
17 Cincinnati
Financial
0.93 0.14 1,597,917,512 1,386,279,118 53.26 56.7
16 Auto Club
Enterprises
0.93 0.14 1,602,602,912 1,408,639,895 71.67 73.92
15 Tokio Marine 0.97 0.05 1,670,371,827 1,527,813,415 43.41 44.51
14 Universal
Insurance
Holdings
1.13 -0.07 1,953,736,427 1,888,936,545 76.65 81.27
13 Citizens Property
Insurance
Corporation
1.57 -0.54 2,717,525,204 3,042,470,905 71.16 74.84
12 Progressive 1.90 -0.04 3,273,723,634 3,160,299,508 41.72 42.47
11 Erie
Insurance
1.93 0.18 3,328,629,871 2,983,752,799 68.77 70.54
10 Auto-Owners
Insurance
1.99 0.30 3,435,230,105 2,962,419,115 80.81 82.82
9 Nationwide 2.16 -0.52 3,726,470,509 3,937,069,317 59.04 60.83
8 Chubb 2.54 -0.02 4,393,716,436 4,143,126,263 42.47 42.88
7 Travelers 4.72 -0.26 8,153,826,543 7,850,786,665 59.45 60.27
6 American
Family
Insurance
4.99 -0.38 8,618,178,670 7,790,512,257 62.51 63.42
5 Farmers 5.51 -0.40 9,516,235,049 9,157,441,376 50.76 51.81
4 Liberty
Mutual
6.14 -0.75 10,610,141,334 10,526,390,891 55.97 57.14
3 USAA 6.89 0.08 11,904,468,132 11,157,823,817 76.05 76.54
2 Allstate 8.97 0.05 15,489,753,100 14,467,897,171 55.52 57.14
1 State Farm 18.22 0.43 31,461,021,578 29,080,551,312 72.59 74.38
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