Property and Casualty Insurers (2024)

FAQs

Who is the largest property and casualty insurer? ›

What are the largest property and casualty insurance companies? State Farm is the largest property and casualty insurance company in the United States. It had more than $70 billion in premiums in 2021.

The difficulty of the Property and Casualty Exam varies for each individual, depending largely on their background knowledge and preparation. Generally, it's considered challenging due to the extensive range of topics covered.

Absolutely. With its stability, diverse career opportunities, competitive salaries, and potential for professional growth, the property-casualty insurance industry offers a promising and rewarding career.

The combined property & casualty producer exam is 150 multiple-choice questions. You have 2.5 hours to finish and will need at least a 73 percent to pass.

1. State Farm. State Farm is the industry's biggest player, both in the US and overseas. The Bloomington, Illinois-based P&C insurance giant wrote almost $78 billion worth of premiums in the past year.

1. State Farm. State Farm is the largest car insurance provider in the US, accounting for almost 17% of the overall market.

Most insurance companies generate revenue in two ways: Charging premiums in exchange for insurance coverage, then reinvesting those premiums into other interest-generating assets. Like all private businesses, insurance companies try to market effectively and minimize administrative costs.

We raise our premium growth estimate to 7.0% for 2024 (from 5.5%) and forecast 4.5% growth in 2025. We forecast industry ROE of 9.5% in 2024 and 10.0% in 2025. Personal lines are the anticipated key driver of growth this year; commercial lines are bifurcated, with strong property growth offset by weak liability growth.

Misdemeanors, felonies, and/or military offenses. Having a judgment withheld or deferred (commonly seen as adjudication withheld or judgment deferred). Having a current or pending charge of committing a crime. Felony traffic offenses.

What are the basics of P&C? ›

Property and casualty (P&C) insurers are companies that provide coverage on assets, as well as liability insurance for accidents, injuries, and damage to others or their belongings. P&C insurers cover a number of things, including auto insurance, home insurance, marine insurance, and professional liability insurance.

Score Explanation

Different passing scores can be required depending on the exam in question. For example, a score of 74% or higher is needed in order to pass the Casualty Producer exam, whereas a score of 75% or higher is needed in order to pass the Property Producer exam.

Top 10 home insurance companies. State Farm is the largest provider of homeowners insurance in the U.S., with $19.7 billion in direct premiums written in 2020. That figure is double the amount of the second-largest insurer, Allstate.

1. UnitedHealth Group. UnitedHealthcare, part of UnitedHealth Group, is the largest health insurance company based on revenue. UnitedHealthcare offers a variety of products from individual health insurance to employer plans for some of the biggest corporations.