Top 10 Insurance Companies All Lines | 2022 New England Market Share Report


The National Association of Insurance Commissioners has released a new in-depth report on the 2021 market share for property & casualty insurers. A total of 33 business lines have been analyzed at the national and state level. In response to the publication of this data, Agency Checklists is providing a distillation report in the coming weeks that has the highest insurance in these markets in Massachusetts and in New England.


Premium division and market in Massachusetts – Total All Lines

Six of the ten largest All Lines insurers continue to be located in Massachusetts. These are MAPFRE, Liberty Mutual, Arbella, Safety, Plymouth Rock, and The Hanover. MAPFRE continues to be the largest insurer in Massachusetts with an 8.98% share of the total insurance market. Overall, the top 10 insurers account for 50.36% of the market. The following table highlights these insurance policies along with additional cost and loss calculations.

Responsibility Group/ Company Name Written Direct Income (000) Direct Income Earned (000) Risk of Loss Loss & Containment Ratio market share Cumulative Market Share
1 Opinions of the company MAPFRE INS GRP 1,646,235 1,674,088 54.68 % 55.52 % 8.98 % 8.98 %
2 Opinions of the company LIBERTY MUT GRP 1,375,094 1,370,118 54.02 % 56.33 percent 7.50 % 16.48 %
3 Company opinion BERKSHIRE HATHAWAY GRP 1,218,381 1,135,012 67.41 percent 70.06 % 6.65 % 23.13 percent
4 TRAVELERS GRP 1,012,685 962,044 44.17 percent 47.85 % 5.52 % 28.65 %
5 Company opinion CHUBB LTD GRP 910,551 881,530 39.36 percent 45.90 % 4.97 % 33.62 %
6 Opinions of the company ARBELLA INS GRP 810,066 802,256 47.36 percent 49.85 percent 4.42 % 38.04 %
7 HEALTH GRP 765,007 775,210 48.04 % 49.08 % 4.17 % 42.21%
8 Company opinion PLYMOUTH ROCK INS GRP 542,984 537,637 48.76 percent 50.43 percent 2.96 % 45.18 %
9 History of HANOVER INS GRP 477,963 467,497 43.91 percent 47.55 % 2.61 % 47.78 percent
10 PROGRESSIVE GRP 471,655 447,214 56.59 percent 58.16 % 2.57 % 50.36 %
***VIEW ALL*** 18,330,652 17,684,283 48.40% 52.06 % 100.00 % 50.36 %

Market Share Data for all of New England

Since many of our readers are from all over New England, the following are additional pictures of the top ten insurance companies in five other New England counties. Notably, while Liberty Mutual is the second largest insurer in Massachusetts, it is the largest in Vermont, and among the top five in the remaining New England states. Two direct insurers, Progressive and GEICO, are the largest insurers in Rhode Island and Connecticut, respectively. The following is a look at each of the five other New England state markets:

Connecticut

Responsibility Group/ Company Name Written Direct Income (000) Direct Income Earned (000) Risk of Loss Loss & Containment Ratio market share Cumulative Market Share
1 Company opinion BERKSHIRE HATHAWAY GRP 769,331 748,985 80.58 % 86.88 % 7.68 % 7.68 %
2 LIBERTY MUT GR 692,226 677,039 70.35 % 74.74 percent 6.91 % 14.59 %
3 TRAVELERS GRP 671,391 652,681 44.37 percent 48.45 % 6.70 % 21.30 %
4 Company opinion CHUBB LTD GRP 604,180 586,930 52.51 % 58.19 % 6.03 % 27.33 percent
5 PROGRESSIVE GRP 513,414 493,578 66.25% 68.55 % 5.13 % 32.45 %
6 ALLSTATE INS GRP 501,808 506,087 60.98 % 62.04 % 5.01 % 37.46 percent
7 HARTFORD FIRE & CAS GRP 442,962 438,946 56.93 percent 63.31 % 4.42 % 41.89 percent
8 Company opinion STATE FARM GRP 424,676 404,836 73.25 % 76.27% 4.24 % 46.13 percent
9 FARMERS INS GRP 275,246 272,384 64.40% 65.49 percent 2.75 % 48.87 percent
10 UNITED SERV AUTOMOBILE ASSN GRP 266,043 262,469 60.04 % 61.14 % 2.66 % 51.53 %
***VIEW ALL*** 10,016,170 9,692,097 60.96 % 65.97 % 100.00 % 51.53 %

Maine

Responsibility Group/ Company Name Written Direct Income (000) Direct Income Earned (000) Risk of Loss Loss & Containment Ratio market share Cumulative Market Share
1 Opinions of the company LIBERTY MUT GRP 237,124 229,253 44.04 % 46.48 percent 8.56 % 8.56 %
2 Company opinion STATE FARM GRP 182,101 176,198 52.60 % 53.38 % 6.57 % 15.13 %
3 MAINE EMPLOYERS MUT INS GRP 172,394 166,356 53.01 % 56.88 % 6.22 % 21.35 %
4 PROGRESSIVE GRP 170,030 165,118 58.53 % 59.02 % 6.14 % 27.48 percent
5 Company opinion BERKSHIRE HATHAWAY GRP 136,23 133,088 69.49 percent 70.87 % 4.92 % 32.40 %
6 History of HANOVER INS GRP 134,333 130,695 32.47 percent 35.10 % 4.85 % 37.25%
7 TRAVELERS GRP 129,401 118,810 44.10 % 46.48 percent 4.67 % 41.92 percent
8 Company opinion WR BERKLEY CORP GRP 118,410 112,325 39.53 percent 40.91 percent 4.27 % 46.19 %
9 ALLSTATE INS GRP 117,744 119,380 45.02 % 45.45 percent 4.25% 50.44 %
10 Opinions of the company MMG INS CO 95,781 93,102 45.49 percent 47.35 percent 3.46 % 53.89 %
***VIEW ALL*** 2,771,319 2,674,372 48.05 % 50.34 % 100.00 % 53.89 %

New Hampshire

Responsibility Group/ Company Name Written Direct Income (000) Direct Income Earned (000) Risk of Loss Loss & Containment Ratio market share Cumulative Market Share
1 Opinions of the company LIBERTY MUT GRP 274,839 271,226 39.31 % 41.15 percent 9.70% 9.70%
2 Company opinion STATE FARM GRP 174,582 168,162 57.44 percent 58.14 % 6.16 % 15.86 %
3 Company opinion BERKSHIRE HATHAWAY GRP 167,867 164,492 58.88 % 59.95 % 5.92 % 21.78 %
4 PROGRESSIVE GRP 163,003 159,050 56.91 % 57.48 % 5.75 % 27.53 percent
5 ALLSTATE INS GRP 149,926 150,131 44.23 percent 44.64 percent 5.29 % 32.82 %
6 Company opinion WR BERKLEY CORP GRP 128,218 121,657 44.98 % 48.85 % 4.52 % 37.34 percent
7 TRAVELERS GRP 124,286 117,024 40.61 % 45.03 % 4.39 % 41.73 percent
8 UNITED SERV AUTOMOBILE ASSN GRP 99,720 97,012 52.87 % 53.63 percent 3.52 % 45.25 percent
9 History of HANOVER INS GRP 87,877 85,638 30.87 % 33.87 percent 3.10 % 48.35 %
10 E ALL ISSUES GRP 71,794 72,524 50.76 % 51.90 % 2.53 % 50.88 %
***VIEW ALL*** 2,834,333 2,756,343 45.17 percent 47.82 percent 100.00 % 50.88 %

Rhode Island

Responsibility Group/ Company Name Written Direct Income (000) Direct Income Earned (000) Risk of Loss Loss & Containment Ratio market share Cumulative Market Share
1 PROGRESSIVE GRP 311,021 300,866 55.97 % 57.07 % 10.80 % 10.80 %
2 Company opinion BERKSHIRE HATHAWAY GRP 206,091 203,667 68.19 % 72.90 % 7.16 % 17.96 %
3 ALLSTATE INS GRP 186,153 183,302 55.99 % 57.89 % 6.46 % 24.42 percent
4 Opinions of the company LIBERTY MUT GRP 169,476 157,995 53.12 % 56.16 % 5.88 % 30.30%
5 FRIENDS MUT GRP 161,523 188,163 54.60 % 56.94 % 5.61 % 35.91 %
6 TRAVELERS GRP 115,314 111,543 61.80 % 67.60% 4.00 % 39.92 %
7 UNITED SERV AUTOMOBILE ASSN GRP 109,218 107,513 62.47 percent 63.38 % 3.79 % 43.71 percent
8 Opinions of the company NATIONWIDE CORP GRP 104,649 103,916 63.46 percent 65.72 % 3.63 % 47.34 percent
9 Company opinion CHUBB LTD GRP 102,743 96,689 63.96 percent 70.94 % 3.57 % 50.91 %
10 Company opinion BEACON MUT GRP 99,065 101,519 54.23 % 58.73 % 3.44 % 54.35 %
***VIEW ALL*** 2,879,868 2,830,657 54.85 % 58.14 % 100.00 % 54.35 %

Vermont

Responsibility Group/ Company Name Written Direct Income (000) Direct Income Earned (000) Risk of Loss Loss & Containment Ratio market share Cumulative Market Share
1 Opinions of the company LIBERTY MUT GRP 123,957 123,785 53.64 % 56.11 % 8.75 % 8.75 %
2 Company opinion BERKSHIRE HATHAWAY GRP 98,45 97,254 69.38 percent 73.04 % 6.95 % 15.69
3 PROGRESSIVE GRP 92,499 90,853 52.56 % 53.18 % 6.53 % 22.22%
4 TRAVELERS GRP 72,009 70,700 36.02 % 38.21 % 5.08 % 27.30 %
5 Company opinion COS 64,527 63,142 42.12 percent 42.33 percent 4.55 % 31.85 %
6 VERMONT MUT GRP 64,141 63,485 35.33 percent 35.20% 4.53 % 36.38 %
7 Company opinion WR BERKLEY CORP GRP 57,803 55,869 29.24 % 30.66 percent 4.08 % 40.45 %
8 Company opinion STATE FARM GRP 54,825 52,841 58.09 % 58.31 % 3.87 % 44.32 percent
9 SINGLE OWNER GRP 41,526 41,656 66.29 percent 67.25% 2.93 % 47.25%
10 UNITED SERV AUTOMOBILE ASSN GRP 38,204 37,475 44.74 percent 46.11 % 2.70 % 49.95 %
***STAND ALL*** 1,417,381 1,385,873 45.11 percent 47.18 percent 100.00 % 49.95 %