Workers' compensation

20 insurance companies with the highest workers' comp market share as of 2024

ByDigital Insurance Staff

June 13, 2024 5:30 AM

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The top five insurance companies in the ranking have an average workers' comp market share of 5.61% as of December 31, 2023.

The combined direct premiums written by the top five were more than $16 billion.

Scroll through to see which insurance companies are in the top 20 and how they fared through the end of December 2023.

Source: National Association of Insurance Commissioners

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Fairfax Financial tied for 19th with a market share of 1.30%.

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Employers Holdings tied for 19th with a market share of 1.30%.

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Arch Insurance ranked 18th with a market share of 1.48%.

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CNA ranked 17th with a market share of 1.83%.

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Texas Mutual Insurance Company ranked 16th with a market share of 1.87%.

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ICW Group ranked 15th with a market share of 1.90%.

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State Compensation Insurance Fund ranked 14th with a market share of 1.95%.

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W.R. Berkley ranked 13th with a market share of 2.09%.

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AIG ranked 12th with a makret share of 2.11%.

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American Financial ranked 11th with a market share of 2.43%.

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Old Republic Insurance ranked 10th with a market share of 2.52%.

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Blue Cross Blue Shield of Michigan ranked 9th with a market share of 2.86%.

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New York State Insurance Fund ranked 8th with a market share of 2.93%.

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Liberty Mututal Insurance ranked 7th with a market share of 3.59%.

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Berkshire Hathaway ranked 6th with a market share of 3.64%.

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Chubb ranked 5th with a market share of 4.08%.

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Zurich ranked 4th with a market share of 5.03%.

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AmTrust Financial Services ranked 3rd with a market share of 5.87%.

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The Hartford ranked 2nd with a market share of 6.46%.

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Travelers ranked 1st with a market share of 6.63%.

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