RE: RNS30 Jul 2024 09:33
All these contracts are nice but are small fry, the market is looking for a substantial contract with a top 3 insurer,
Market share: 18.4%
Direct premiums written: $24.4 billion
Direct premiums earned: $23.2 billion
State Farm tops our list of biggest home insurers, accounting for almost a fifth of the nation’s $133-billion home insurance market. The Illinois-headquartered insurance behemoth’s market share is more than double that of the next-ranked insurer. But apart from this, State Farm is the US’ largest P&C insurer, taking up almost a tenth of the overall market based on NAIC’s figures.
State