Insurance Journal released a list of the top 10 insurers in the country based on size last month. You’ll recognize the names.
State Farm leads the way, with $36.5 billion in DWP. Berkshire Hathaway (including Geico) is second at $22.8 billion. Allstate rounds out the top 3 with a respectable $20 billion.
Of the top ten companies, only three grew their market share – Berkshire, Progressive, and USAA. The companies with the steepest decline were State Farm, Farmers and Nationwide. Everyone else maintained their market share.
IHT is a multi-state insurance agency with dozens of branches across the eastern and central United States.