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US P/C Accident & Health DPW up 3.2% to $8.43B in 2023

BEST RANKING

Best News & Research Service – September 20, 2024 10:26 AM (EDT)

OLDWICK, NJ //BestWire// – Chubb INA Group grew direct U.S. property/casualty and health premiums last year to $871 million to overtake Berkshire Hathaway Insurance for No. 3, according to a new Best’s Rankings report.

US P/C Accident & Health DPW up 3.2% to .43B in 2023

Berkshire Hathaway’s DPW for lines fell 9.4% to $758.9 million.

Industry direct written premiums rose 3.2% in 2023 to $8.43 billion, with State Farm Group retaining its No. 1. The company posted 3.9% growth to $1.1 billion in direct written premiums in 2023.

SiriusPoint America Insurance Group, DPW’s US property/casualty and health lines fell 4.4% to $428.2 million and was replaced in No. 6 by Swiss Reinsurance Group, which saw an increase of premiums by 24.9%, to USD 526.7 million.

The report includes the change in DPW from the prior year, three-year adjusted market share and loss rates, and the percentage of first company underwritten for the line.

Learn more about Best’s news and research service.

Subscribers can access the report and data here.

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

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

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