美國財產(chǎn)保險和意外傷害保險市場前景及投資研究報告-培訓課件外文版2024.5友邦人保

INDUSTRIES

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MARKETSPropertyandcasualtyinsuranceintheUnitedStatesCHAPTER

01KeyplayersLeadingmutualproperty/casualtyinsurancecompaniesintheUnitedStatesin2020and2021,byrevenue(inbillionU.S.dollars)LeadingpropertyandcasualtyinsurancecompaniesintheU.S.2020-2021,byrevenue20202021908070605040302010082.2278.947.3841.9314.0611.8710.989.628.858.674.534.023.592.73

2.782.432.29

2.61StateFarmInsuranceNationwideFarmersInsuranceExchangeAuto-OwnersInsuranceErieInsurance

SentryInsurance

AmicaMutual

CountryFinancialGroup

Group

InsuranceFederatedMutualInsurance4Description:In2021,StateFarmInsurancewastheleadingmutualpropertyandcasualtyinsurancecompanyintheUnitedStates,withrevenuesamountingtoapproximately82billionU.S.dollars.Nationwidewasthesecondlargestcompany,witharound47billionU.S.dollarsinrevenuethatyear.ReadmoreNote(s):UnitedStates;2020and2021Source(s):FortuneLeadingwritersofpropertyandcasualtyinsuranceintheUnitedStatesfrom2020to2022,bymarketshareLeadingU.S.writersofpropertyandcasualtyinsurance2020-2022,bymarketshareMarketshare20223%202120204%0%1%2%5%6%7%8%9%10%9.2%8.9%9.1%StateFarmBerkshireHathawayInc.ProgressiveCorp.6.6%6.5%6.4%6.1%6.1%5.7%5.3%5.3%5.4%AllstateCorp.5.1%5.3%LibertyMutual5%4%3.9%4%TravelersCompaniesInc.ChubbLtd3.4%3.4%3.3%3.1%3.2%3.4%3.1%3.2%USAAInsuranceGroupFarmersInsuranceGroupofCompaniesNationwideMutualGroup2.8%2.4%2.5%2.5%5Description:In2022,StateFarmwasthepropertyandcasualtyinsurancemarketleaderintheUnitedStatesandheld9.2percentofthemarketintermsofpremiums.BerkshireHathawayIncandProgressiveCorpfollowedbehindwithabout6.6and6.1percentrespectively.ReadmoreNote(s):UnitedStates;2020to2022Source(s):InsuranceInformationInstitute;NAIC;S&PGlobalMarketIntelligenceCustomersatisfactionindexofpropertyandcasualtyinsurancefromselectedinsurancebrandsintheUnitedStatesin2022and2023SatisfactioninpropertyandcasualtyinsurancebrandsintheU.S.2022-20232022202377908070605040302010083808080

80797979787878787777

77777777767675

7567Property&casualtyinsuranceUSAAAllstateAmerican

StateFarm

Travelers

AllOthersFamilyGeicoLiberty

Nationwide

Progressive

FarmersMutualChubb6Description:In2023,thepropertyandcasualtyinsurerwiththehighestconsumersatisfactionscoreaccordingtotheAmericanCustomerSatisfactionIndex(ACSI)wasUSAA.TheconsumersatisfactionscoreforUSAAwas83outof100points.Overall,Allstate,AmericanFamily,andStateFarm,allreceivedahighconsumersatisfactionratingof80points.Incontrast,Chubbhadthelowestscoreoutofallpropertyandcasualtyinsurancebrands,withascoreof67.

ReadmoreNote(s):UnitedStates;2022to2023Source(s):ACSI?SatisfactionwithcustomerexperienceamongpropertyandcasualtyinsurancecustomersintheUnitedStatesin2022and2023CustomerexperiencesatisfactionofpropertyandcasualtyinsuranceintheU.S.202320228120238090807060504030201008383838382828180808079787777777675757Description:In2022and2023,customerexperiencesatisfactionamongpropertyandcasualtyinsurancecustomersintheUnitedStateswasthehighestformobileapps.TheAmericanCustomerSatisfactionIndex(ACSI)gaveascoreof83outof100forthequalityandreliabilityofmobileapps.Between2022and2023,thecustomerexperiencebenchmarkremainedrelativelyconsistentformostaspectsofthecustomerexperience,exceptforbillingstatementclarity,whichsawanimprovementof[...]

ReadmoreNote(s):UnitedStates;2022

to2023Source(s):ACSI?LeadingwritersofcommerciallinesinsuranceintheUnitedStatesin2021and2022,bydirectpremiums(inbillionU.S.dollars)LeadingwritersofcommerciallinesinsuranceintheU.S.2021-2022,bypremiumsValueofpremiumsinbillionU.S.dollars2022102021051520253024.49ChubbLtd.TravelersCompaniesInc.LibertyMutual22.3221.7119.8120.0719.4717.1316.5ZurichInsuranceGroupBerkshireHathawayInc.AmericanInternationalGroup(AIG)CNAFinancialCorp.14.6713.1113.6113.1912.2512.1611.7110.7610.9310.2810.399.76HartfordFinancialServicesProgressiveNationwideMutualGroup8Description:Inboth2021and2022,ChubbLtdwasthelargestwriterofcommerciallinesinsuranceintheUnitedStates.In2022,Chubbwrotedirectpremiumsamountingtoapproximately24.5billionU.S.dollars,upfrom22.3billionU.S.dollarsfromthepreviousyear.ReadmoreNote(s):UnitedStates;2021and2022Source(s):InsuranceInformationInstitute;NAIC;S&PGlobalMarketIntelligenceMarketshareofcommerciallinesinsurancecompaniesintheUnitedStatesin2021and2022,bydirectpremiumswrittenMarketshareofcommerciallinesinsurersintheU.S.2021-2022,bypremiumsMarketshare20222%20210%1%3%4%5%6%5.7%ChubbLtd.TravelersCompaniesInc.LibertyMutual5.6%5%4.9%4.9%4.6%4%ZurichInsuranceGroupBerkshireHathawayInc.AmericanInternationalGroup(AIG)CNAFinancialCorp.3.7%3.8%3.3%3.1%3.3%2.8%3%2.7%2.7%HartfordFinancialServicesProgressive2.5%2.6%2.4%2.4%NationwideMutualGroup9Description:In2022,ChubbLtdledthecommerciallinesinsurancemarketintheUnitedStates,aheadofTravelersCompaniesInc.Inthatyear,withdirectcommerciallinesinsurancepremiumswrittenamountingto24.5billionU.S.dollars,ChubbLtd.hadamarketshareof5.7percent.ReadmoreNote(s):UnitedStates;2021and2022Source(s):InsuranceInformationInstitute;NAIC;S&PGlobalMarketIntelligenceLeadingwritersofprivatepassengerautoinsuranceintheUnitedStatesin2021and2022,bydirectpremiumswritten(inbillionU.S.dollars)LeadingprivatepassengerautoinsurersintheU.S.2021-2022,bypremiumsDirectpremiumswritteninbillionU.S.dollars202215202120051025303540455046.66StateFarmMutualAutomobileInsuranceProgressiveCorp.41.6638.9335.8538.12BerkshireHathawayInc.AllstateCorp.37.4229.6127.2216.3715.73USAAInsuranceGroup13.713.25LibertyMutual12.61FarmersInsuranceGroupofCompaniesTravelersCompaniesInc.AmericanFamilyInsuranceGroupNationwideMutualGroup12.445.845.325.835.485.515.5610Description:StateFarmMutualAutomobileInsurancewastheleadingprivatepassengercarinsurerintheUnitedStatesin2022,withpremiumswrittenamountingtoapproximately46.7billionU.S.dollars.BerkshireHathawayInc.andProgressiveCorporationwerethenextlargestinsurersinthatsector.ReadmoreNote(s):UnitedStates;2021and2022Source(s):InsuranceInformationInstitute;SNLFinancialMarketshareofleadingwritersofprivatepassengerautoinsuranceintheUnitedStatesin2021and2022,bydirectpremiumswrittenMarketshareofleadingU.S.privatepassengerautoinsurers2021-2022,bypremiumsMarketshare20226%20210%2%4%8%10%12%14%16%16%18%16.9%StateFarmMutualAutomobileInsuranceProgressiveCorp.14.1%13.8%13.8%BerkshireHathawayInc.AllstateCorp.14.4%10.7%10.4%5.9%6%USAAInsuranceGroup5%5.1%LibertyMutual4.6%FarmersInsuranceGroupofCompaniesTravelersCompaniesInc.AmericanFamilyInsuranceGroupNationwideMutualGroup4.8%2.1%2%2.1%2.1%2%2.1%11Description:In2022,StateFarmMutualAutomobileInsuranceledtheprivatepassengerautoinsurancemarketintheUnitedStates.StateFarmheld16.9percentoftheU.S.privatepassengerautoinsurancemarketintermsofvalueofwrittenpremiumsin2022,followedbyProgressiveCorpandBerkshireHathawayInc.ReadmoreNote(s):UnitedStates;2021and2022;BasedonU.S.total,includesterritories.Source(s):InsuranceInformationInstitute;NAIC;S&PGlobalMarketIntelligenceMarketshareofleadingcommercialautoinsurancecompaniesintheUnitedStatesfrom2020to2022,bydirectpremiumswrittenLeadingU.S.commercialautoinsurancecompanies2020-2022,bymarketshareMarketshare20226%202120208%0%2%4%10%12%14%16%18%ProgressiveCorp.TravelersCompaniesInc.LibertyMutualOldRepublicInternationalCorp.ZurichInsuranceGroupBerkshireHathawayInc.NationwideMutualGroupAuto-OwnersInsuranceCo.AllstateCorp.ChubbLtd.W.R.BerkleyCorp.12Description:In2022,theleadingcommercialautoinsurancecompanyintheUnitedStateswasProgressiveCorp.,bydirectpremiumswritten.Inthatyear,ProgressiveCorp.,withdirectcommercialautoinsurancepremiumswrittenamountingtomorethanninebillionU.S.dollars,hadamarketshareof15.6percent.ReadmoreNote(s):UnitedStates;2020to2022Source(s):InsuranceInformationInstitute;NAIC;S&PGlobalMarketIntelligenceCHAPTER

02FinancialKPIsoftheindustrySizeofproperty,casualtyanddirectinsurancemarketintheUnitedStatesfrom2009to2022(inbillionU.S.dollars)Sizeofproperty,casualtyanddirectinsurancemarketintheU.S.2009-2022900800843.63819.12765.03751.86742.07684.677006005004003002001000666.82657.92642.96631.97618.99560.71553.3553.8620092010201120122013201420152016201720182019202020212022*14/statistics/1040495/property-casualty-direct-insurance-market-size-usaThesizeoftheproperty,casualtyanddirectinsurancemarketintheUnitedStatesisexpectedtoreachalmost850billionU.S.dollarsin2022.Thisisasmallincreasefromthepreviousyearwhenthismarketwasvaluedat819billionU.S.dollars.

ReadmoreNote(s):UnitedStates;2009to2021;*Estimate.ReadmoreSource(s):IBISWorldProfitofleadingmutualpropertyandcasualtyinsurancecompaniesintheUnitedStatesin2020and2021(inmillionU.S.dollars)LeadingU.S.mutualpropertyandcasualtyinsurancecompanies2020-2021,byprofitProfitinmillionU.S.dollars20211,0002020-1,000Nationwide-50005001,5002,0001,617.22,5003,0003,5004,000-138.41,318.41,280.9Auto-OwnersInsuranceStateFarmInsurance829.43,738.91,130.11,173.1ErieInsuranceGroup739.9SentryInsuranceGroupCountryFinancial201.8419.2284.4320.1FederatedMutualInsuranceAmicaMutualInsuranceFarmersInsuranceExchange198.2117.1183.7-366.8-166.415Description:In2021,themostprofitablemutualpropertyandcasualtyinsurancecompanyintheUnitedStateswasNationwide.Inthatyear,theprofitsofNationwideamountedtoapproximately1.6billionU.S.dollars.Auto-OwnersInsurancefollowedbehindwith1.3billionU.S.dollarsinthesameyear.ReadmoreNote(s):UnitedStates;2020and2021Source(s):FortuneProfitofleadingstockpropertyandcasualtyinsuranceprovidersintheUnitedStatesin2020and2021(inmillionU.S.dollars)Profitofleadingproperty/casualtyinsuranceproviders(stock)intheU.S.2020-2021ProfitinmillionU.S.dollars202120,0002020-20,000BerkshireHathaway040,00042,52160,00080,000100,00089,7959,388AIGTravelers-5,9443,6622,6973,350.9Progressive5,704.63,300USAA3,906.93,068LibertyMutualInsuranceGroupFidelityNationalFinancialHartfordFinancialServicesAllstate7582,4222,3651,7371,5995,5761,578Loews-93116Description:In2021,themostprofitablestockpropertyandcasualtyinsurancecompanyintheUnitedStateswasBerkshireHathaway.Inthatyear,theprofitsofBerkshireHathawayamountedtoapproximately90billionU.S.dollars.ReadmoreNote(s):UnitedStates;2020and2021Source(s):FortuneValueofinvestmentsofpropertyandcasualtyinsurersintheUnitedStatesfrom2013to2022(intrillionU.S.dollars)ValueofinvestmentsofpropertyandcasualtyinsurersintheU.S.2013-20222.52.02.222.072.011.871.691.691.591.531.531.481.51.00.50.0201320142015201620172018201920202021202217/statistics/217242/total-investments-of-us-property-and-casualty-insurersIn2022,investmentsofpropertyandcasualtyinsurancecompaniesintheUnitedStatesfellfroma10-yearpeakin2021.In2022,theinvestmentsamountedtoapproximately2.07trillionU.S.dollars,downfrom2.22trillionU.S.dollarsinthepreviousyear.ReadmoreNote(s):UnitedStates;2013to2022Source(s):InsuranceInformationInstitute;SNLFinancialValueofinvestmentsofpropertyandcasualtyinsurersintheUnitedStatesfrom2013to2022,byassettype(inbillionU.S.dollars)InvestmentsofpropertyandcasualtyinsurersintheU.S.2013-2022,byassettypeInvestmentsinbillionU.S.dollarsBondsStocksMortgageloansonrealestateCash,cashequivalentandshort-terminvestmentsOtherinvestedassetsRealestateDerivativesReceivableforsecuritiesAggregatewrite-inforinvestedassetsSecuritieslendingreinvestedcollateralassets-50005001,0001,5002,0002,500201320142015201620172018201920202021202218Description:In2022,bondsaccountedformorethanhalfofallinvestmentsmadebypropertyandcasualtyinsurancecompaniesintheUnitedStates.Inthatyear,approximately1.14trillionU.S.dollarswereinvestedinbondsbypropertyandcasualtyinsurancecompanies,whichwas55percentofthetotalamountoftwotrillionU.S.dollars.ReadmoreNote(s):UnitedStates;2013to2022Source(s):InsuranceInformationInstitute;NAIC;S&PGlobalMarketIntelligenceNumberofemployeesinpropertyandcasualtyinsuranceindustryintheUnitedStatesfrom2005to2022(in1,000s)NumberofemployeesintheU.S.propertyandcasualtyinsuranceindustry2005-2022800700600500400300200100020052006200720082009201020112012201320142015201620172018201920202021202219Description:ThenumberofpeopleemployedinthepropertyandcasualtyinsuranceindustryintheUnitedStatesincreasedin2022.Inthatyear,therewereapproximately686,300peopleemployedinthissector,upfrom646,900inthepreviousyear.Thisfiguretrendeddownwardinthedecadepriorto2014,beforetrendingupwardsoverthesecondhalfofthe2010s.ReadmoreNote(s):UnitedStates;2005to2022Source(s):BureauofLaborStatistics;InsuranceInformationInstitute;USDepartmentofLaborCHAPTER

03InsurancepremiumsDirectpremiumsofpropertyandcasualtyinsuranceintheUnitedStatesfrom2004to2022(inbillionU.S.dollars)GrosspremiumswrittenbypropertyandcasualtyinsuranceintheU.S.2004-20221,000900876.09797.83800729.02712.47678.28700642.53613.38591.76570.786005004003002001000546.33523.91508.32

510.98494.7498.69502.01483.46483.16

484.42004

2005

2006

2007

2008

2009

2010

2011

2012

2013

2014

2015

2016

2017

2018

2019

2020

2021

202221Description:In2022,directpremiumswrittenbypropertyandcasualtyinsurancecompaniesintheUnitedStatesexceeded800billionU.S.dollarforthefirsttime.Inthatyear,thegrosspremiumsoftheU.S.propertyandcasualtyinsuranceindustryamountedtoapproximately876billionU.S.dollars.ReadmoreNote(s):UnitedStates;2004to2022;Directpremiumswrittenafterreinsurancetransactions,excludesstatefunds.Source(s):InsuranceInformationInstitute;NAIC;S&PGlobalMarketIntelligenceNetpremiumswrittenbypropertyandcasualtyinsurancesectorintheUnitedStatesfrom2004to2022(inbillionU.S.dollars)NetpremiumswrittenbypropertyandcasualtyinsurersintheU.S.2004-20229008007006005004003002001000200420052006200720082009201020112012201320142015201620172018201920202021202222Description:2022wasthestrongestyearforpropertyandcasualtyinsurancecompaniesintheUnitedStatesintermsofpremiumswritten.Inthatyear,thenetpremiumsoftheU.S.propertyandcasualtyinsuranceindustryreachedapproximately775.1billionU.S.dollars,upfromonly618.1billionU.S.dollarsin2018.ReadmoreNote(s):UnitedStates;2004to2022;Netpremiumswrittenafterreinsurancetransactions,excludesstatefunds.Source(s):InsuranceInformationInstitute;SNLFinancialDistributionofnetpremiumswrittenbypropertyandcasualtyinsurancecompaniesintheUnitedStatesfrom2019to2022,bylineShareofpropertyandcasualtyinsurancepremiumsintheU.S.2019-2022,bylineShareofpremiums202215%2021202020%20190%5%10%25%30%35%40%45%PrivatepassengerautoHomeownersmultiperilWorkers`compensationCommercialmultiperilCommercialautoReinsuranceInlandmarineAlliedlinesFire23Description:In2022,privatepassengerautoinsurancepremiumsaccountedforapproximately35percentofallpropertyandcasualtyinsurancepremiumswrittenintheUnitedStates.Homeownersmultiperilinsurancewasthesecondlargestsegmentat14.7percentofallnetpremiumswritteninthatyear.ReadmoreNote(s):UnitedStates;2019to2022;*Includescoveragesprotectingagainstlegalliabilityresultingfromnegligence,carelessnessorfailuretoact.**Includesthefollowinginsurances:mortgageguaranty,farmownersmultipleperil,oceanmarine,[...]

ReadmoreSource(s):InsuranceInformationInstitute;S&PGlobalMarketIntelligence;LeadingwritersofpropertyandcasualtyinsuranceintheUnitedStatesinfrom2020to2022,bydirectpremiumswritten(inbillionU.S.dollars)LeadingU.S.writersofpropertyandcasualtyinsurance2020-2022,bypremiumsPremiumswritteninbillionU.S.dollars202220213020204001020506070809078.64StateFarmBerkshireHathawayInc.ProgressiveCorp.70.3166.1555.9351.652.3346.3648.3745.5141.7441.39AllstateCorp.39.2143.8841.47LibertyMutual36.1734.27TravelersCompaniesInc.ChubbLtd.30.9228.7929.2326.9824.226.83USAAInsuranceGroupFarmersInsuranceGroupofCompaniesNationwideMutualGroup25.2624.6226.4225.0120.0820.3119.4418.524Description:StateFarmwastheleadingwriterofpropertyandcasualtyinsuranceintheUnitedStatesin2022,bythevalueofdirectpremiumswritten.Inthatyear,StateFarmwrotedirectpropertyandcasualtypremiumsexceeding78billionU.S.dollars.

ReadmoreNote(s):UnitedStates;2020to2022Source(s):InsuranceInformationInstitute;NAIC;S&PGlobalMarketIntelligenceLeadingpropertyandcasualtyreinsurersofbusinessesintheUnitedStatesin2020and2021,bydirectpremiumswritten(inbillionU.S.dollars)U.S.propertyandcasualtyB2Breinsurers2020-2021,bydirectpremiumswrittenValueinbillionU.S.dollars2021202030010204050607070.3180StateFarmBerkshireHathawayInc.ProgressiveCorp.66.1551.648.3746.3641.7441.47LibertyMutual36.1741.39AllstateCorp.39.2130.9228.79TravelersCompaniesInc.ChubbLtd.*26.9824.225.26USAAInsuranceGroupFarmersInsuranceGroupofCompaniesNationwideMutualGroup24.6225.0110.0819.4418.525/statistics/186586/leading-us-property-and-casualty-reinsurers-by-direct-premiums-writtenIn2021,theleadingpropertyandcasualtyreinsurersofbusinessesbydirectpremiumswrittenintheUnitedStateswasStateFarm.Inthatyear,StateFarmwrotedirectP&Creinsurancepremiumsforbusinessesworthover70billionU.S.dollars.

ReadmoreNote(s):UnitedStates;2020and2021Source(s):InsuranceInformationInstitute;RAACHAPTER

04AutoinsuranceMarketshareofleadingwritersofprivatepassengerautoinsuranceintheUnitedStatesin2021and2022,bydirectpremiumswrittenMarketshareofleadingU.S.privatepassengerautoinsurers2021-2022,bypremiumsMarketshare20226%20210%2%4%8%10%12%14%16%16%18%16.9%StateFarmMutualAutomobileInsuranceProgressiveCorp.14.1%13.8%13.8%BerkshireHathawayInc.AllstateCorp.14.4%10.7%10.4%5.9%6%USAAInsuranceGroup5%5.1%LibertyMutual4.6%FarmersInsuranceGroupofCompaniesTravelersCompaniesInc.AmericanFamilyInsuranceGroupNationwideMutualGroup4.8%2.1%2%2.1%2.1%2%2.1%27Description:In2022,StateFarmMutualAutomobileInsuranceledtheprivatepassengerautoinsurancemarketintheUnitedStates.StateFarmheld16.9percentoftheU.S.privatepassengerautoinsurancemarketintermsofvalueofwrittenpremiumsin2022,followedbyProgressiveCorpandBerkshireHathawayInc.ReadmoreNote(s):UnitedStates;2021and2022;BasedonU.S.total,includesterritories.Source(s):InsuranceInformationInstitute;NAIC;S&PGlobalMarketIntelligenceLeadingwritersofcommercialautoinsuranceintheUnitedStatesfrom2020to2022,bydirectpremiumswritten(inbillionU.S.dollars)LeadingU.S.commercialautoinsurers2020-2022,bydirectpremiumswrittenPremiumswritteninbillionU.S.dollars202220214202001235678910ProgressiveCorp.TravelersCompaniesLibertyMutualOldRepublicInternationalCorp.ZurichInsuranceGroupBerkshireHathawayInc.NationwideMutualGroupAuto-OwnersInsuranceCo.AllstateCorp.ChubbLtd.W.R.BerkleyCorp.28Description:In2022,theleadingwriterofcommercialautoinsuranceintheUnitedStatesbydirectpremiumswrittenwasProgressiveCorp.Inthatyear,ProgressiveCorp.wrotedirectcommercialautoinsurancepremiumsworthmorethanninebillionU.S.dollarsandheldalmost16percentofthemarket.ReadmoreNote(s):UnitedStates;2020to2022Source(s):InsuranceInformationInstitute;NAIC;S&PGlobalMarketIntelligenceLeadingwritersofprivatepassengerautoinsuranceintheUnitedStatesin2021and2022,bydirectpremiumswritten(inbillionU.S.dollars)LeadingprivatepassengerautoinsurersintheU.S.2021-2022,bypremiumsDirectpremiumswritteninbillionU.S.dollars202215202120051025303540455046.66StateFarmMutualAutomobileInsuranceProgressiveCorp.41.6638.9335.8538.12BerkshireHathawayInc.AllstateCorp.37.4229.6127.2216.3715.73USAAInsuranceGroup13.713.25LibertyMutual12.61FarmersInsuranceGroupofCompaniesTravelersCompaniesInc.AmericanFamilyInsuranceGroupNationwideMutualGroup12.445.845.325.835.485.515.5629Description:StateFarmMutualAutomobileInsurancewastheleadingprivatepassengercarinsurerintheUnitedStatesin2022,withpremiumswrittenamountingtoapproximately46.7billionU.S.dollars.BerkshireHathawayInc.andProgressiveCorporationwerethenextlargestinsurersinthatsector.ReadmoreNote(s):UnitedStates;2021and2022Source(s):InsuranceInformationInstitute;SNLFinancialAverageautoinsuranceexpenditurepermonthfora20-yearoldintheUnitedStatesin2023,bygender(inU.S.dollars)AveragemonthlycarinsuranceexpenditureintheU.S.2023,bygender160140142129126120100806040200WomanNon-binaryMan30/statistics/555842/auto-insurance-costs-usa-by-age-genderYoungmenfacesignificantlyhigherautomotiveinsurancecostsintheUnitedStatesthanyoungwomen,withtheaveragemonthlypremiumfora20-yearoldmanbeing142U.S.dollars,comparedto126U.S.dollarsforawomanofthesameage.

ReadmoreNote(s):UnitedStates;2023Source(s):ValuePenguinAveragemonthlymotorcycleinsurancepremiumintheUnitedStatesin2023,bystate(inU.S.dollars)MonthlymotorcycleinsurancepremiumintheU.S.bystate2023Annual

costin

U.S.

dollarsU.S.averageAlabamaAlaska606040646515152556678654654ArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdaho31Description:In2023,CaliforniawasthemostexpensivestateformotorbikeinsuranceintheUnitedStates.InCalifornia,theaveragemotorcycleinsurancepremiumwas151U.S.dollarspermonth,followedbyLouisianaandMissouri.

ReadmoreNote(s):UnitedStates;2023Source(s):ValuePenguinCHAPTER

05HomeownerinsuranceLeadingwritersofhomeownersinsuranceintheUnitedStatesfrom2020to2022,bydirectpremiumswritten(inbillionU.S.dollars)LeadingU.S.writersofhomeownersinsurance2020-2022,bypremiumsPremiumswritteninbillionU.S.dollars20222021102020051520253024.43StateFarmAllstateCorp.22.0519.7212.0110.59.779.73LibertyMutual8.388.856.99USAAInsuranceGroupFarmersInsuranceGroupofCompaniesTravelersCompaniesInc.AmericanFamilyInsuranceGroupNationwideMutualGroupChubbLtd.7.997.368.297.616.046.55.564.875.854.443.83.523.343.423.213.112.442.221.9ProgressiveCorp.33Description:StateFarmMutualAutomobileInsurancefromBloomington,Illinois,wastheleadinghomeownersinsurancewriterintheUnitedStatesin2022.Withover24billionU.S.dollarsindirectpremiumswritten,StateFarmwasmorethan12billionU.S.dollarsinpremiumsaheadofthesecondlargesthomeownerinsurancecompany.ReadmoreNote(s):UnitedStates;2020to2022Source(s):InsuranceInformationInstitute;NAIC;S&PGlobalMarketIntelligenceMarketshareofleadinghomeownerinsurancecompaniesintheUnitedStatesfrom2020to2022,bydirectpremiumswrittenLeadingU.S.homeownerinsurancecompanies2020-2022,bypremiumsMarketshare20226%202120208%0%2%4%10%12%14%16%18%20%18.7%18.4%17.9%StateFarmMutualAutomobileInsuranceAllstateCorp.9.2%8.8%8.9%7.4%LibertyMutual7%6.3%6.8%6.7%6.7%6.3%6.4%USAAInsuranceGroupFarmersInsuranceGroupofCompaniesTravelersCompaniesInc.AmericanFamilyInsuranceGroupNationwideMutualGroupChubbLtd.5.5%5%4.6%4.4%4.4%4.2%4%2.9%2.9%3%2.6%2.7%2.8%1.9%1.9%1.7%ProgressiveCorp.34/statistics/186413/top-homeowner-insurance-writers-in-the-us-by-market-shareTheIllinois-headquarteredinsurancecompany,StateFarmMutualAutomobileInsurance,heldover18percentofthehomeownerinsurancemarketintheUnitedStatesin2022.Meanwhile,AllstateCorporationonlyhad9.2percentofthemarket.

ReadmoreNote(s):UnitedStates;2020to2022Source(s):InsuranceInformationInstitute;NAIC;S&PGlobalMarketIntelligenceValueofnetpremiumswrittenbyhomeownermultipleperilinsuranceindustryintheUnitedStatesfrom2006to2022(inbillionU.S.dollars)ValueofhomeownermultipleperilinsurancenetpremiumsintheU.S.2006-2022140120114.92104.2397.0210080604020092.988.9482.8181.1979.9377.9172.7767.8564.1361.6658.4857.0557.3855.822006200720082009201020112012201320142015201620172018201920202021202235Description:HomeownerperilinsurancepremiumsintheUnitedStatespeakedin2022afterincreasingby10billionU.S.dollarssince2021.Netpremiumswrittenin2022amountedtoapproximately114.9billionU.S.dollars,up