US P/C net firsts written up 10.4% in H1 2024

Double-digit increases were posted by half of the top 10 writers, including no. 1 State Farm Group, where net written premiums rose 18.8% to $52.43 billion.

NPW no. 3 Progressive Insurance Group climbed 19.8% to $36.91 billion, closing in on No. 2 Berkshire Hathaway Insurance, where premiums rose 5.1% to $40.5 billion.

Only one of the top 10 real estate/casualty writers in the US saw NPW fall. Liberty Mutual Insurance Cos. reduced premiums by 5.5% to $18.65 billion.

The report includes change in NPW, direct premiums written, admitted assets and policyholder surplus and more.

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AM Best data comes from Best’s Financial Suite, USA.

(By Renée Kiriluk-Hill, Senior Associate Editor, BestWire: [email protected])