More than 30 new insurance companies entered the New Hampshire market in 2025, according to the state's insurance department. The year also saw 742 new producers and 45 new resident adjusters register in the state.
The influx of new carriers comes as the national property and casualty insurance industry posted its strongest underwriting performance in over 15 years. Strong premium growth and slowing claims cost inflation contributed to a combined ratio of 94% across the US market.
The New Hampshire Insurance Department reported the state maintained 246,224 active licenses throughout the year, including 128,819 producers and 118,044 adjusters.
New Hampshire's market remains highly competitive within New England. According to an NHID report released in July 2025, the state maintained the third-lowest average written premium for homeowners insurance in the region throughout the 2018–2022 period, trailing only Maine and Vermont.
Insurance Commissioner DJ Bettencourt (pictured above) said New Hampshire's homeowners insurance market is "among the most affordable, competitive, and consumer-friendly in the region."
The market activity coincides with stricter oversight measures for carriers looking to withdraw from the state. A new law took effect in July 2025 requiring carriers writing fire or casualty insurance to notify the NHID and their appointed agents at least 120 days in advance of a planned exit.
For other lines such as health or life insurance, the notice period is 90 days.
The legislation emerged from a crisis in New Hampshire's Medicare Advantage market. In late 2024, several carriers announced they were exiting or reducing participation in the state, affecting around 44,000 seniors – more than half of the state's Medicare Advantage population.
According to a KFF analysis, New Hampshire will lose 13 Medicare Advantage plans in 2026, the highest number of any state in the country.
The department received 6,536 cases during the year, excluding external health reviews, along with 4,216 consumer calls.
Life and health cases reached 4,069 and resulted in $2.2 million in recoveries for consumers. Property and casualty cases totaled 2,467 and recovered $633,196. The department also processed 119 external health reviews, resulting in $503,370 in recoveries.
