Change in red denotes worsening, while change in green denotes improvement of direct incurred loss ratio on an YoY basis.
No. | Carrier | Q3:24 | Direct incurred loss ratio (%) | YoY change | |||||
---|---|---|---|---|---|---|---|---|---|
DPW ($bn) | Share | Q3:23 | Q4:23 | Q1:24 | Q2:24 | Q3:24 | Q3:24 | ||
1 | State Farm | $26.6 | 21.2% | 88.8% | 74.4% | 73.6% | 83.9% | 74.4% | (14.4)pts |
2 | Progressive | $16.5 | 13.2% | 66.1% | 61.7% | 58.0% | 63.7% | 58.0% | (8.1)pts |
3 | Allstate | $13.5 | 10.7% | 72.8% | 59.2% | 62.4% | 69.0% | 64.4% | (8.4)pts |
4 | Berkshire Hathaway | $11.0 | 8.8% | 73.2% | 69.8% | 66.7% | 68.3% | 65.0% | (8.2)pts |
5 | USAA | $9.3 | 7.4% | 76.7% | 62.7% | 66.0% | 75.6% | 76.5% | (0.2)pts |
6 | Liberty Mutual | $6.1 | 4.8% | 75.2% | 53.5% | 62.6% | 70.6% | 61.3% | (13.9)pts |
7 | Farmers Ins. | $5.9 | 4.7% | 65.6% | 55.0% | 53.7% | 65.7% | 53.7% | (11.9)pts |
8 | American Family | $4.4 | 3.5% | 87.8% | 53.8% | 63.4% | 82.4% | 61.2% | (26.6)pts |
9 | Travelers | $4.3 | 3.4% | 74.3% | 50.8% | 62.9% | 75.1% | 57.6% | (16.7)pts |
10 | Erie Ins. | $2.3 | 1.8% | 94.2% | 78.9% | 73.6% | 84.7% | 76.8% | (17.5)pts |
Industry | $140.4 | - | 76.9% | 62.9% | 63.5% | 72.3% | 65.1% | (11.8)pts |