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 | Progressive | $2,165 | 13.0% | 73.5% | 73.6% | 62.2% | 60.1% | 59.4% | (14.1)pts |
2 | Travelers | $937 | 5.6% | 78.2% | 61.5% | 68.2% | 65.2% | 62.5% | (15.8)pts |
3 | Old Republic | $742 | 4.5% | 96.4% | 61.0% | 90.1% | 100.0% | 115.7% | 19.2pts |
4 | Berkshire Hathaway | $715 | 4.3% | 64.1% | 90.3% | 54.8% | 59.8% | 103.8% | 39.7pts |
5 | Zurich | $621 | 3.7% | 109.7% | 74.3% | 78.7% | 101.5% | 91.5% | (18.2)pts |
6 | Auto-Owners | $502 | 3.0% | 94.1% | 117.3% | 55.8% | 55.2% | 58.3% | (35.8)pts |
7 | Fairfax Financial | $488 | 2.9% | 64.0% | 79.0% | 70.6% | 76.4% | 73.7% | 9.7pts |
8 | Liberty Mutual | $448 | 2.7% | 79.4% | 92.5% | 72.9% | 71.2% | 70.5% | (8.9)pts |
9 | WR Berkley | $396 | 2.4% | 66.6% | 65.5% | 61.9% | 62.9% | 63.7% | (2.9)pts |
10 | The Hartford | $354 | 2.1% | 67.6% | 74.6% | 70.2% | 73.2% | 68.5% | 0.9pts |
Total comm'l auto | $16,592 | - | 74.7% | 77.4% | 66.7% | 77.6% | 72.0% | (2.7)pts |