Total U.S. property/casualty net premiums written rose 11.2% to $852.92 billion in 2023, according to a new Best’s Rankings.
The growth of No. 1 State Farm Group’s outpaced that of the overall industry, rising 19.1% to $92.6 billion.
Among the 10 largest writers, Nationwide P&C Group posted the greatest increase with net premiums written up 27.6% to $19.11 billion.
Six of the 10 largest writers had double-digit increases last year, including No. 3 Progressive Insurance Group, whose NPW rose 20.4% to $61.49 billion.