U.S. Property Premiums Rose to $503 Billion in 2026
The U.S. property and casualty insurance industry saw net premiums written grow by 1.7% during the first half of 2026.
Updated on Oct. 2, 2026 in Insurance
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U.S. property and casualty net premiums written reached $502.94 billion in the first half of 2026. This represents a 1.7% increase in written premiums for the period ending June 30, 2026.
Why it matters
Growth in net premiums indicates changing market dynamics for major insurance carriers as they navigate the current financial landscape. The stable rankings of the top firms suggest a consistent competitive structure among the largest players.
Net premiums across the property and casualty sector rose 1.7% to $502.94 billion. The industry data reflects performance metrics for the first half of 2026.
The players
State Farm Group
This organization is a major American group of mutual insurance companies that consistently ranks as a leading provider of property and casualty coverage.
Progressive Insurance Group
This entity is one of the largest providers of car insurance in the United States and is known for its competitive pricing models.
Berkshire Hathaway Insurance
This conglomerate led by Warren Buffett holds a massive portfolio of insurance and reinsurance businesses that underwrite policies globally.
Allstate Insurance Group
This company is a prominent American insurer providing a wide range of property, casualty, and life insurance products to consumers.
Everest Re US Group
This firm is a global reinsurance and insurance organization that faced a notable reduction in net premiums during the first half of 2026.
The details
State Farm Group maintained its position as the top writer with $57.10 billion, while Progressive Insurance Group and Berkshire Hathaway Insurance also saw growth. Other major insurers like Travelers Group and American International Group reported premium increases, while Everest Re US Group experienced a 21.4% drop to $3.60 billion.
Timeline
The net premiums written growth was recorded during the first half of 2026.
Market Dynamics
This growth reflects broader shifts in the insurance sector monitored by Best's Financial Suite reporting standards. The stability of top industry rankings highlights a competitive environment where major firms maintain their market share despite fluctuating premium volumes.
Retail investors and policyholders should monitor these premium growth figures as indicators of potential rate adjustments or coverage changes. Consistent growth among top-tier firms may influence future insurance pricing strategies for individual consumers.
The takeaway
The insurance industry continues to see revenue growth as premiums rise across the majority of the largest firms. Policyholders should review their coverage terms periodically to understand how these industry-wide trends may impact their personal insurance costs.
Further reading
For more on industry performance trends, see our Insurance section.
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