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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 |