So no surprises there then as Warren Buffett’s runaway Juggernaut of a company tops the Property and Casualty insurance table and ranks at number 4 overall in the country, edged out only by Walmart, Exxon and Apple, in that order. What might be an eye-opener for some, however is the sheer scale of
Berkshire Hathaway’s lead over its competitors. Second on the P&C (stock) insurers is
AIG, itself a colossus but nearly a quarter the size of Omaha’s finest.
| |
Company name |
Revenues (M) |
overall rank |
| 1 |
Berkshire Hathaway |
210,821 |
4 |
| 2 |
AIG |
58,327 |
49 |
| 3 |
Liberty Mutual |
39,450 |
73 |
| 4 |
Allstate |
35,653 |
81 |
| 5 |
Travelers Cos |
26,800 |
105 |
| 6 |
USAA |
24,361 |
114 |
| 7 |
Progressive |
20,854 |
137 |
| 8 |
Hartford |
18,377 |
152 |
| 9 |
Loews |
13,415 |
210 |
| 10 |
Assurant |
10,326 |
275 |
| 11 |
Fidelity National |
9,132 |
311 |
| 12 |
American Family |
8,286 |
332 |
| 13 |
W.R. Berkley |
7,207 |
368 |
| 14 |
Erie |
6,351 |
411 |
| 15 |
American Financial Group |
6,145 |
421 |
| 16 |
Old Republic |
5,766 |
442 |
| 17 |
Markel |
5,370 |
476 |
| 18 |
First American Financial |
5,176 |
497 |
| 19 |
First Cincinnati Financial |
5,142 |
499 |
| 20 |
Hanover |
5,034 |
506 |
| 21 |
Alleghany |
5,000 |
509 |
| 22 |
AmTrust |
4,664 |
531 |
| 23 |
FM Global |
4,343 |
561 |
| 24 |
Mercury General |
3,009 |
728 |
| 25 |
National General |
2,511 |
838 |
| 26 |
Kemper |
2,341 |
878 |
| 27 |
Selective |
2,132 |
936 |
Including the P&C insurers that are mutual garners us another seven on the list.
State Farm boast the largest revenues and is only topped by Berkshire Hathaway overall
| |
Company name |
Revenues (M) |
overall rank |
| 1 |
State Farm |
75,697 |
35 |
| 2 |
Nationwide |
40,222 |
69 |
| 3 |
Farmers |
12,626 |
227 |
| 4 |
Auto-owners |
6,517 |
398 |
| 5 |
Country Financial |
3,506 |
646 |
| 6 |
Sentry |
2,883 |
755 |
| 7 |
Amica Mutual |
2,231 |
910 |
Of the whole P&C group, only one company also made it onto Fortune’s fastest growing 100 list – AmTrust Financial headed by Barry D. Zyskind made it on at #27 with revenues increasing 14.2% and profit showing a healthy 12.7% increase.
And who did better than last year? Nearly everyone on the P&C (stock) list
| Improved from last year |
|
|
| 1 |
Liberty Mutual |
39,450 |
73 |
| 2 |
Allstate |
35,653 |
81 |
| 3 |
Travelers Cos |
26,800 |
105 |
| 4 |
USAA |
24,361 |
114 |
| 5 |
Progressive |
20,854 |
137 |
| 6 |
Hartford |
18,377 |
152 |
| 7 |
Loews |
13,415 |
210 |
| 8 |
Assurant |
10,326 |
275 |
| 9 |
Fidelity National |
9,132 |
311 |
| 10 |
American Family |
8,286 |
332 |
| 11 |
W.R. Berkley |
7,207 |
368 |
| 12 |
Erie |
6,351 |
411 |
| 13 |
American Financial Group |
6,145 |
421 |
| 14 |
Old Republic |
5,766 |
442 |
| 15 |
Markel |
5,370 |
476 |
| 16 |
First American Financial |
5,176 |
497 |
| 17 |
First Cincinnati Financial |
5,142 |
499 |
| 18 |
Hanover |
5,034 |
506 |
| 19 |
AmTrust |
4,664 |
531 |
| 20 |
FM Global |
4,343 |
561 |
| 21 |
Mercury General |
3,009 |
728 |
| 22 |
Kemper |
2,341 |
878 |
| 23 |
Selective |
2,132 |
836 |
