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 ($mn) | Share | Q3:23 | Q4:23 | Q1:24 | Q2:24 | Q3:24 | Q3:24 | ||
1 | State Farm | $8,883 | 19.0% | 99.4% | 57.2% | 64.7% | 94.8% | 84.3% | (15.1)pts |
2 | Allstate | $4,279 | 9.2% | 66.9% | 30.0% | 50.2% | 72.8% | 64.7% | (2.2)pts |
3 | USAA | $3,423 | 7.3% | 80.4% | 42.7% | 64.3% | 93.0% | 100.1% | 19.7pts |
4 | Liberty Mutual | $2,980 | 6.4% | 76.7% | 34.6% | 59.8% | 78.4% | 61.6% | (15.1)pts |
5 | Farmers Ins. | $2,600 | 5.6% | 65.0% | 41.0% | 51.5% | 73.7% | 48.4% | (16.6)pts |
6 | American Family | $2,444 | 5.2% | 97.1% | 38.4% | 62.9% | 96.9% | 62.9% | (34.2)pts |
7 | Travelers | $2,288 | 4.9% | 80.2% | 35.0% | 64.7% | 86.1% | 55.0% | (25.2)pts |
8 | Chubb | $1,057 | 2.3% | 41.6% | 40.7% | 50.8% | 52.3% | 37.9% | (3.7)pts |
9 | Nationwide | $960 | 2.1% | 86.4% | 49.3% | 58.0% | 90.3% | 58.1% | (28.3)pts |
10 | Auto-Owners | $938 | 2.0% | 129.0% | 64.0% | 49.1% | 97.9% | 111.9% | (17.1)pts |
Total homeowners | $46,703 | - | 81.0% | 42.0% | 57.2% | 80.2% | 66.5% | (14.5)pts |