2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
Paul A. Buse, CPCU, ARM
Real Insurance Solutions Consulting
May 2022
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 1 of 84
2021 Texas P&C Marketplace Summary
Premiums – Distribution – Line of Business Trends
Source: © A.M. Best Company — Used by Permission; US Census Bureau
You are being provided this summary of the Texas property and casualty (P-C
) insurance
marketplace as a benefit of your membership in the Independent Insurance Agents of Texas.
What follows is a graphic and numeric presentation of the Texas P-C industry data from an
independent agent’s perspective. This summary emphasizes direct premiums, direct losses and the
associated direct underwriting results before reinsurance. As independent agents, this is the
marketplace experience for the business we place (or compete against) for our clients in Texas.
Included in this summary is data from nearly 3,000 insurers that are domiciled in the United States.
Then, if they have written premiums in Texas, their data is included in this summary.
The summary starts with a
direct premium listing of all 32 lines of business reported by P-C insurers,
for all distribution styles in Texas. The presentation of data then focuses on the 26 lines of business
independent agents work with most. For these agent-focused lines of business, data is provided on
loss ratios, growth rates, penetration rates by the various distribution styles and commission rates. In
addition, and important to independent agents, a breakout of surplus lines activity is provided to
show trends, and utilization rates. United States national data is provided for comparison purposes.
For those readers interested in the details, a separate page is provided for each of the 26 lines of
business independent agents work with most. Five-year premiums are provided, loss and combined
ratios, penetration rates by distribution style and information on the numbers and largest insurers.
The lines of business are provided in alphabetical order, and the applicable line of business detail
page number is shown in the Table of Contents. On the product details pages, any line of business in
the Top 10 is highlighted with a small pie chart in the upper right-hand corner which shows its relative
position in the ranking of premiums written by independent agents, in Texas.
Last, appendices are provided for information on approaches taken to presenting the industry data,
definitions and additional information that may further interest the reader.
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 2 of 84
Contents
2021 Texas P&C Marketplace Summary .................................................................................................................................................. 1
Premiums: All P-C Lines of Business – All Distribution Styles ................................................................................................. 3
Premiums: Top Agent Lines of Business ................................................................................................................................................. 5
Loss Ratios: Agent-Focused Lines of Business .................................................................................................................................. 7
Premium Growth Rates: Agent-Focused Lines of Business .................................................................................................... 9
Penetration: Top Agent-Focused Lines of Business .................................................................................................................... 11
Commissions: Top Agent-Focused Lines of Business ................................................................................................................13
Surplus Lines: Top Lines, Premiums and Utilization Rate ........................................................................................................ 14
Texas Lines of Business: Product Details ............................................................................................................................................. 16
Total All P&C Lines of Business ....................................................................................................................................................................17
Aircraft (all perils) ................................................................................................................................................................................................... 19
Commercial Auto .................................................................................................................................................................................................... 21
All Private Passenger Auto ............................................................................................................................................................................. 23
Allied Perils Only .................................................................................................................................................................................................... 25
Boiler & Machinery ................................................................................................................................................................................................ 27
Burglary & Theft ...................................................................................................................................................................................................... 29
Commercial Multi-Peril ......................................................................................................................................................................................31
Earthquake ................................................................................................................................................................................................................. 33
Excess Workers’ Comp ..................................................................................................................................................................................... 35
Farmowners Multi-Peril ..................................................................................................................................................................................... 37
Federal Flood ........................................................................................................................................................................................................... 39
Fire Peril Only ........................................................................................................................................................................................................... 43
Homeowners ............................................................................................................................................................................................................ 45
Inland Marine ............................................................................................................................................................................................................ 47
International ............................................................................................................................................................................................................... 49
Medical Malpractice ............................................................................................................................................................................................ 51
Multi-Peril Crop ....................................................................................................................................................................................................... 53
Ocean Marine............................................................................................................................................................................................................ 55
Other Liability (Claims-made) ....................................................................................................................................................................... 57
Other Liability (Occurrence) ........................................................................................................................................................................... 59
Private Crop ............................................................................................................................................................................................................... 61
Private Flood ............................................................................................................................................................................................................. 63
Products Liability .................................................................................................................................................................................................... 65
Surety ............................................................................................................................................................................................................................. 67
Workers Compensation ................................................................................................................................................................................... 69
Appendix #1: All Lines of Business-Additional Details ................................................................................................................71
Appendix #2: Distribution Style Classifications ................................................................................................................................ 73
Appendix #3: NAIC Line of Business Definitions ............................................................................................................................. 79
Appendix #4: Product Details Explanation .......................................................................................................................................... 82
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 3 of 84
Premiums: All P-C Lines of Business – All Distribution Styles
Source: © A.M. Best Company — used by permission.
Notes or Comments: The above chart shows all 32 lines of business that P-C insurers are required to
report on in their annual statement. The lines of business are listed in alphabetical order. The 26
agent-focused lines of business are emphasized above with an asterisk (*). These are the lines of
business that are included whenever a total is provided for Total (IA-Focused Lines) in the remainder
of this 2021 Texas P-C Marketplace Summary. The lines of business that are not included in Total (IA-
Focused Lines) are Accident & Health, Aggregate Write-ins, Credit, Financial Guaranty, Mortgage
Guaranty, and Warranty. These 6 lines of business are about 2.5% of all premiums in 2021.
Additional data on all 32 lines of business is provided in Appendix #1: All Lines of Business-Additional
Details.
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 4 of 84
Texas Total Premiums Perspective
The previous page showed total premiums and premiums by line of business. To add perspective to
that, below are some standardized measures of total premiums for Texas compared to other states,
from data similar to the above.
In the below table, Total (All Lines) includes premiums for all 32 lines of business shown above,
including Credit. The combined premiums for Personal Lines is All Private Passenger Auto,
Homeowners Multi-Peril and Farmowners Multi-Peril. Commercial Lines is all other lines of business
except All Private Passenger Auto, Homeowners Multi-Peril, Farm owners Multi-Peril and Credit.
United
States
Smallest/Lowest
State
Largest/Highest
State Texas (Rank)
Total (All Lines)
Premiums
$785
Billion
$1.4 Billion
(Vermont-#51)
$97.3 Billion
(California-#1)
$70.3 Billion
(#2)
Total (All Lines) Per
Capita Premium
$2,369 $1,674 (Ohio-#51)
$3,839 (North
Dakota-#1)
$2,411 (#21)
Personal Lines Per
Capita Premium
$1,163
$835 (District of
Columbia-#51)
$1,621 (Florida-#1) $1,230 (#17)
Commercial Lines Per
Capita Premium
$1,186
$730 (West
Virginia-#51)
$2,647 (North
Dakota-#1)
$1,163 (#23)
Source: © A.M. Best Company — used by permission.
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 5 of 84
Premiums: Top Agent Lines of Business
Source: © A.M. Best Company — used by permission.
Notes or Comments: The above pie charts show which lines of business are the most important to
independent agents based on direct written premium. The top 10 lines of business are shown in
each pie chart, with premium from all other lines of business combined in the “All Other” pie section.
The upper left pie chart shows the premiums for the top lines of business in order of premiums
written by independent agents in Texas. The upper right pie chart shows the same lines of business
but with all distribution styles included in premium totals for each line of business. The bottom two
pie charts are the same approach, but based on total United States independent agent distribution
and premiums.
In Appendix #2: Distribution Style Classifications, background is given on the classification of insurers
into distribution styles based on insurer reported marketing types.
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 6 of 84
Top Line of Business Perspective
The United States overall, and most states individually, see Private Passenger Auto as the largest
premium line of business through independent agents. This is case in about 80% of the states, but
there are exceptions. Those exceptions are a handful of Midwest states, which have Multi-Peril Crop
as their highest premium line of business, followed by several states with Other Liability (Occurrence)
or Other Liability (Claims-Made), a few states with Workers’ Compensation, and finally one state with
Homeowners Multi-Peril.
There are consistencies in the highest premium generating lines of business. To get a sense for that,
in the table below are the lines that are present in at least one state’s Top 10, along with the percent
of states where that line of business is in the top 10. The percentages are approximate, as small
changes in premiums can result in variances, particularly in the last of the lines listed.
Line of Business
States With Product in Top 10
All Commercial Auto
100%
All Private Passenger Auto
100%
Commercial Multiple Peril
100%
Inland Marine
100%
Other Liability (Occurrence)
100%
Homeowners Multi-Peril
80% to 95%
Other Liability (Claims-made)
80% to 95%
Workers' Compensation
80% to 95%
Fire
80% to 95%
Multi-Peril Crop
45%
Allied Lines
35%
Medical Professional Liability
10%
Surety
10%
Farmowners Multi-Peril
10%
Accident & Health Lines
5%
Private Crop
5%
Earthquake
5%
Aircraft (all perils)
2%
Ocean Marine
2%
Warranty
2%
Source: © A.M. Best Company — used by permission
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 7 of 84
Loss Ratios: Agent-Focused Lines of Business
Source: © A.M. Best Company — used by permission. (International not shown as less than five years
data is available)
=
+
± ℎ
−
Notes or Comments: The above bar chart shows loss ratios for the 26 lines of business focused on
by independent agents. Loss ratios are calculated as “adjusted calendar year loss ratios” (see
algebraic formula above). For each line of business, the losses used in the ratio of losses to earned
premiums equals the paid losses that year, plus any estimates of future losses that will be paid from
claims that year (new reserves), plus any changes in reserves from previous years made that year
(prior reserves). The "adjusted" part is if dividends are paid out under a line of business, the loss ratio
is adjusted for that cost. When dividends paid out is a minor factor, the adjusted loss ratio and
unadjusted loss ratio are nearly the same. However, where dividends are a factor, it is important to
include them in the calculation whenever loss ratios of different lines of business are compared.
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 8 of 84
Texas Loss Ratio Perspective
As can be seen in the above, loss ratios can vary in the short run from the long run. Loss ratios can
also vary by state. For added perspective on Texas’s loss ratios, below is a table of the 2021 Texas
loss ratios contrasted with the United States average loss ratios.
2021 Texas Loss Ratio
2021 United States Loss Ratio
Aircraft (all perils)
75% 54%
All Commercial Auto
80%
64%
All Private Passenger Auto
74%
69%
Allied Perils Only
144%
79%
Boiler & Machinery
157%
38%
Burglary & Theft
52%
52%
Commercial Multi-Peril
115%
61%
Earthquake
9%
3%
Excess Workers' Comp
115%
41%
Farm owners Multi-Peril
82%
65%
Federal Flood
5% 48%
Fidelity
32%
28%
Fire
103%
68%
Homeowners Multi-Peril
105%
69%
Inland Marine
59%
49%
Medical Malpractice
31%
55%
Multiperil Crop
94%
76%
Ocean Marine
46%
54%
Other Liability (Claims-made)
58%
56%
Other Liability (Occurrence)
64%
61%
Private Crop
110%
89%
Private Flood
8%
46%
Products Liability
46%
52%
Surety
32%
16%
Workers' Compensation (*)
43%
51%
Total (All Lines)
80%
63%
Source: © A.M. Best Company — used by permission (*Individual state experience for workers’
compensation in North Dakota, Ohio, Washington and Wyoming is not used for highlights as these are
monopolistic fund states and premiums are small and loss ratios can vary widely. Also International is
not shown due to limited data.)
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 9 of 84
Premium Growth Rates: Agent-Focused Lines of Business
Source: © A.M. Best Company — used by permission. (International not shown, as less than 5 years data
is available)
Notes or Co
mments: The above bar chart shows the percentage change in direct written premiums
for the 26 lines of business focused on by independent agents. The 1-year percentage is the
percentage change in premiums from 2020 to 2021. The 5-year growth rate is the constant
percentage from the first year to the last year to exactly equal the direct written premium in 2021,
when applied for the 4 previous annual periods on a compounded basis. The Total (IA-Focused
Lines) shown last is the average growth rates for the 26 lines of business focused on by independent
agents.
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 10 of 84
Texas Growth Rate Perspective
Premium growth rates can vary considerably by line of business. They can also vary considerably by
state. To provide perspective on Texas growth rates, below is the 1-year growth rates by line of
business in Texas contrasted with average growth rates in United States.
Texas 1-Year Growth
United States 1-Year Growth
Aircraft (all perils) 15% 14%
All Commercial Auto
21%
17%
All Private Passenger Auto
5%
5%
Allied Perils Only
14%
12%
Boiler & Machinery
10%
11%
Burglary & Theft
6%
7%
Commercial Multi-Peril
12%
8%
Earthquake
6%
11%
Excess Workers' Comp
-22%
2%
Farmowners Multi-Peril
4%
5%
Federal Flood 6% 1%
Fidelity
4%
7%
Fire Peril Only
16%
13%
Homeowners Multi-Peril
10%
8%
Inland Marine
13%
15%
Medical Malpractice
14%
10%
Multi-Peril Crop
30%
37%
Ocean Marine
21%
13%
Other Liability (Claims-made)
26%
31%
Other Liability (Occurrence)
20%
16%
Private Crop
33%
14%
Private Flood
60%
45%
Products Liability
1%
4%
Surety
10%
7%
Workers' Compensation
0%
3%
Total (IA-Focused Lines)
11%
10%
Source: © A.M. Best Company — used by permission.
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 11 of 84
Penetration: Top Agent-Focused Lines of Business
Source: © A.M. Best Company — used by permission.
=
Notes or Comments: The clustered bar chart above shows independent agent penetration trends
for the top lines of business. Shown are the top 10 lines of business in order of direct written
premium written through independent agents. The percentages above are calculated based on
premiums through independent agents, divided by all premiums for each line of business. The 1-
year and 5-year average penetration is available for the 26 lines of business focused on by
independent agents in the Lines of Business: Product Details section later in this Summary. The trend
for all 26 lines of business focused on by independent agents is provided last.
Information on classification of insurers into distribution styles is in Appendix #2: Distribution Style
Classifications.
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 12 of 84
Texas Penetration Rate Perspective
Independent agent penetrations vary by line of business but also by state. To give perspective on
Texas’s penetrations rates, below is a table of the line of business penetration rates in Texas
contrasted with the average penetration in all the United States.
Texas Penetration
United States Average
Aircraft (all perils)
98%
95%
All Commercial Auto
87%
85%
All Private Passenger Auto
39%
32%
Allied Perils Only
84%
86%
Boiler & Machinery
93%
93%
Burglary & Theft
92%
96%
Commercial Multi-Peril
84%
84%
Earthquake
93%
87%
Excess Workers' Comp
99%
94%
Farm owners Multi-Peril
25%
40%
Federal Flood
67%
78%
Fidelity
90%
91%
Fire Peril Only
91%
88%
Homeowners Multi-Peril
48%
49%
Inland Marine
83%
77%
Medical Malpractice
85%
75%
Multi-Peril Crop
96%
96%
Ocean Marine
94%
96%
Other Liability (Claims-made)
93%
92%
Other Liability (Occurrence)
88%
86%
Private Crop
99%
96%
Private Flood
83%
84%
Products Liability
94%
94%
Surety
85%
86%
Workers' Compensation
94%
90%
Total (IA-Focused Lines)
64%
62%
Source: © A.M. Best Company — used by permission. (International not shown less than 5 years data is
available)
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 13 of 84
Commissions: Top Agent-Focused Lines of Business
Source: © A.M. Best Company — used by permission.
% =
Notes or Comments: The above bar chart shows the commission rate paid by all insurers for 26
independent agent-focused lines of business in alphabetical order. Shown last, Total (All Lines) is the
average commission paid on all lines of business.
The formula shows how comm
ission percentages are calculated, where the Commission % equals
the line of business direct and contingent commissions divided by the line of business written
premium.
Commission rates are based on a page in insurer annual reports called “Exhibit of Premiums and
Losses (Statutory Page 14)” or the “State’s Page”. On this State’s Page insurers are required to break-
out all lines of business by state and provide data on each line of business for direct written
premiums, direct earned premiums, direct incurred losses, and commissions and brokerage
expenses. The reader should note that the insurer annual report’s instructions tell insurers to include
contingent commissions.
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 14 of 84
Surplus Lines: Top Lines, Premiums and Utilization Rate
Source: © A.M. Best Company — used by permission
Notes or Comments:
In all the preceding charts and tables, surplus lines premiums are combined with admitted insurance
premiums. In the above pie and bar charts, the surplus lines premiums are shown separately. The
pie chart shows the lines of business where surplus lines has the most premiums in Texas. Also
provided are total direct written premiums in surplus lines, and the percentage those total direct
written premiums are to all direct written premiums.
Readers should note the pie chart and bar chart/line chart above are premiums for insurers
domiciled in one of the 51 states or Washington, DC and writing surplus lines insurance. The
premiums of these insurers are identified by their licensed status. Also, the above data does not
include alien insurers (that is, insurers not domiciled in one of the 51 states). If alien premiums were
included, it would increase the amount of surplus lines premiums by approximately an additional
10%. An example of an alien surplus lines insurer is Lloyds of London. Alien insurer data is not
included, as it is not tracked as consistently across states nor in the same time-frame.
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 15 of 84
Texas Surplus Lines Perspective
The need for surplus lines varies widely by line of business and from state-to-state. Below are the
line of business utilization rates for Texas contrasted with the average utilization with those lines of
business in the United States.
Line of Business
Texas Surplus Lines
Usage Rate
United States Surplus Lines
Usage Rate
Aircraft(all perils)
0.3%
2.1%
All Commercial Auto
9.2%
6.3%
All Private Passenger Auto
0.0%
0.2%
Allied Perils Only
36.0%
29.8%
Boiler & Machinery
8.7%
7.4%
Burglary & Theft
13.4%
19.8%
Commercial Multi-Peril
18.9% 8.7%
Earthquake
56.8%
44.5%
Excess Workers' Comp
13.3%
0.5%
Farmowners Multi-Peril
0.1%
0.4%
Federal Flood
0.5%
2.4%
Fidelity
2.8%
2.2%
Financial Guaranty
0.0%
0.0%
Fire Peril Only
35.3%
33.1%
Homeowners Multi-Peril
1.1%
2.3%
Inland Marine
5.1%
6.1%
International
100.0% 90.8%
Medical Malpractice
40.5%
24.4%
Multi-Peril Crop
0.0%
0.0%
Ocean Marine
2.4%
3.3%
Other Liability (Claims-made)
32.6%
34.9%
Other Liability (Occurrence)
39.7%
29.6%
Private Crop
0.0%
0.1%
Private Flood
47.5%
41.0%
Products Liability
49.3%
45.4%
Surety
0.9%
0.5%
Workers' Compensation
0.0% 0.5%
Total (All Lines)
9.8%
8.3%
Source: © A.M. Best Company — used by permission
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 16 of 84
Texas Lines of Business: Product Details
The following pages provide more in-depth detail on the 26 lines of business that independent
agents in Texas focus on. The first line of business provided is a summary for all lines combined, the
Total All P-C Lines of Business page. Then, the 26 lines of business detail pages are presented in
alphabetical order.
The details provided for each major line of business in Texas are:
• A summary bar chart of 5-years data on premiums for all distribution types (dark blue), and
premiums written through independent agents (light blue). For the premium chart the
classification of premiums through independent agents is based on a categorization of
agents by distribution style. The categorization approach is explained in Appendix #2:
Distribution Style Classifications.
• 5-year average line charts, showing the Loss ratio (dashed red line) and combined ratio (solid
red line) are provided.
• The direct written premium for independent agents, exclusive-captive agents, and direct
agents is provided with the percentage of the total. Surplus Lines premiums through any
distribution style is provided with its corresponding percentage of all premiums.
• The number of active insurers is provided with the number of independent agents, exclusive-
captive agent and direct insurers provided for each line of business. The number of active
surplus lines insurers is also provided.
• 1-year and 5-year growth rates are provided for independent agent, exclusive-captive and
direct insurers. The percentage premiums through insurers licensed as surplus lines is also
provided.
• Top Insurers: The top 5 insurer groups in each line of business is provided with that group’s
premiums, 1-year loss ratio, and 1-year growth rate. Groups of insurers sometimes are made
up of multiple policy-issuing insurers in a particular group but it can also be only one policy-
issuing insurer in that group. After the top groups, listed are the top policy-issuing insurers
distributing insurance through independent agents, captive-exclusive agents, direct insurers,
surplus lines insurers and the top risk retention group (if any) for the line of business. For each
policy-issuing insurer the premium for the insurer in that line of business is shown with the 1-
year loss ratio and 1-year growth rate.
As you scroll through the following lines of business pages take notice if a small pie chart thumbnail
is presented at the upper-right. If there is a pie chart present, that means the product is in the top 10
lines of business for independent agents in Texas. The broken-out pie slice in that small pie chart
represents the position of that line of business, and its rank-order based on independent agent
premium volume. The rank-order is based on direct written premium and corresponds to the pie
chart slice highlighted on Page 4 of this 2021 Texas P-C Marketplace Summary. If a line of business is
in the top 10 for a state but not a line of business generally focused on by independent agents it has
been added.
For further clarification on lines of business, Appendix #3: NAIC Line of Business Definitions is provided
for the reader. And, a visual guide to the data and calculations in the product details is provided in
Appendix #4: Product Details Explanation.
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 17 of 84
Total All P&C Lines of Business
ALL Direct Written Premium (DPW) Ind. Agent DPW
Exclusive Agents
DPW
Direct DPW Surplus Lines DPW
$70,294,561,000
$44,607,214,000
$14,699,921,000
$9,627,505,000
$6,871,859,000
Loss Ratio and Combined Ratio Accuracy
IA+MGA+IA-Mixed
Penetration
Exclusive
Penetration
Direct Penetration Surplus Lines Utilization
100%
63%
21%
14%
9.8%
Active Affiliated and Unaffiliated Insurers
IA+MGA+IA-Mixed
Insurers
Exclusive Insurers Direct Insurers Surplus Lines Insurers
1,049
760
62
134
145
1-Year / 5-Year Premium Growth: All Premium
1-yr / 5-yr: IA+MGA+IA-
Mixed
1-yr / 5-yr:
Exclusive
1-yr / 5-yr: Direct 1-yr / 5-yr: Surplus Lines
11% / 7%
15% / 10%
5% / 1%
3% / 3%
26% / 18%
Top 5 Groups or Unaffiliated Single(s) 2021 DPW
2021 Adj. Loss
Ratio
2020-2021 Growth
Rate
Group Name or ALL L.O.B.
DPW
State Farm Group (G)
$6,046,496,000
78%
7%
N/A
Progressive Insurance Group (G)
$5,526,220,000
72%
18%
N/A
Allstate Insurance Group (G)
$4,667,987,000
83%
2%
N/A
Berkshire Hathaway Insurance Group (G)
$4,334,053,000
79%
15%
N/A
Liberty Mutual Insurance Companies (G)
$3,832,271,000
78%
9%
N/A
Total or Average
$70,268,515,000
80%
11%
N/A
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 18 of 84
Top 10 Pure Independent Agent-Broker Policy-
Issuing Insurers
Liberty County Mutual Insurance Company $1,055,376,000 61% 3%
Liberty Mutual Insurance
Companies
Allstate Vehicle and Property Ins Co
$1,044,787,000
107%
15%
Allstate Insurance Group
Texas Mutual Insurance Company
$923,449,000
48%
0%
...
Continental Casualty Company
$764,478,000
71%
5%
CNA Insurance Companies
National Union Fire Ins Co Pittsburgh PA
$534,666,000
35%
30%
American International Group
Top 3 MGA/Wholesale Policy-Issuing Insurers
Consumers County Mutual Insurance Co
$517,162,000
64%
6%
...
Home State County Mutual Insurance Co
$438,396,000
74%
16%
Home State Insurance Group
Redpoint County Mutual Insurance Company
$383,961,000
72%
39%
...
Top 3 Captive-Exclusive Policy-Issuing Insurers
State Farm Mutual Automobile Ins Co
$3,364,776,000
79%
5%
State Farm Group
State Farm Lloyds
$2,344,454,000
79%
11%
State Farm Group
Allstate Fire and Casualty Insurance Co
$2,199,057,000
79%
4%
Allstate Insurance Group
Top 3 Direct Policy-Issuing Insurers
GEICO County Mutual Insurance Company $2,525,107,000 86% 7%
Berkshire Hathaway Insurance
Group
United Services Automobile Association
$1,155,253,000
104%
2%
USAA Group
USAA Casualty Insurance Company
$1,014,404,000
90%
3%
USAA Group
Top 3 Surplus Lines Policy Issuing Insurers
National Fire & Marine Insurance Co $307,374,000 68% 24%
Berkshire Hathaway Insurance
Group
Lexington Insurance Company
$279,333,000
139%
30%
American International Group
Scottsdale Insurance Company
$276,018,000
72%
14%
Nationwide Group
Top Individual RRG
Attorneys' Liab Assr Society Ltd., A RRG
$21,702,000
-10%
-3%
...
Source: © A.M. Best Company — used by permission.
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 19 of 84
Aircraft (all perils)
ALL Direct Written Premium (DPW) Ind. Agent DPW
Exclusive Agents
DPW
Direct DPW Surplus Lines DPW
$254,888,000
$249,447,000
$2,739,000
$2,701,000
$656,000
Loss Ratio and Combined Ratio Accuracy
IA+MGA+IA-Mixed
Penetration
Exclusive
Penetration
Direct Penetration Surplus Lines Utilization
100%
98%
1%
1%
0.3%
Active Affiliated and Unaffiliated Insurers
IA+MGA+IA-Mixed Insurers
Exclusive Insurers
Direct Insurers
Surplus Lines Insurers
32
29
1
1
4
1-Year / 5-Year Premium Growth: All
Premium
1-yr / 5-yr: IA+MGA+IA-
Mixed
1-yr / 5-yr: Exclusive 1-yr / 5-yr: Direct 1-yr / 5-yr: Surplus Lines
15% / 10%
17% / 11%
15% / 18%
-57% / -25%
-91% / -51%
Top 5 Groups or Unaffiliated Single(s) 2021 DPW 2021 Adj. Loss Ratio
2020-2021 Growth
Rate Group Name or ALL L.O.B. DPW
Starr International Group (G)
$48,429,000
79%
22%
N/A
Allianz US PC Insurance Companies (G)
$33,612,000
62%
53%
N/A
American International Group (G)
$28,491,000
35%
19%
N/A
Chubb INA Group (G)
$21,664,000
4%
30%
N/A
Sompo Holdings US Group (G)
$20,152,000
134%
7%
N/A
Total or Average
$254,887,000
74%
15%
N/A
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 20 of 84
Top 10 Pure Independent Agent-Broker Policy-Issuing Insurers
Starr Indemnity & Liability Company
$47,991,000
83%
46%
Starr International Group
Allianz Global Risks US Insurance Co $33,612,000 62% 53%
Allianz US PC Insurance
Companies
National Union Fire Ins Co Pittsburgh PA
$27,575,000
44%
17%
American International Group
Endurance American Insurance Company
$20,152,000
134%
7%
Sompo Holdings US Group
ACE American Insurance Company
$19,900,000
0%
30%
Chubb INA Group
Top 3 MGA/Wholesale Policy-Issuing Insurers
U.S. Specialty Insurance Company
$6,407,000
31%
7%
Tokio Marine US PC Group
Harco National Insurance Company
$3,376,000
15%
43%
IAT Insurance Group
Houston Casualty Company
$915,000
10%
351%
Tokio Marine US PC Group
Top 3 Captive-Exclusive Policy-Issuing Insurers
American National Property & Casualty Co $2,739,000 33% 15%
American National Prop & Cas
Group
Top 3 Direct Policy-Issuing Insurers
Avemco Insurance Company
$2,783,000
50%
19%
Tokio Marine US PC Group
Top 3 Surplus Lines Policy Issuing Insurers
Starr Surplus Lines Insurance Company
$438,000
-100%
-93%
Starr International Group
National Fire & Marine Insurance Co $209,000 -5% 41%
Berkshire Hathaway Insurance
Group
Prime Insurance Company
$8,000
0%
Prime Insurance Group
Top Individual RRG
Source: © A.M. Best Company — used by permission.
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 21 of 84
Commercial Auto
ALL Direct Written Premium (DPW) Ind. Agent DPW
Exclusive Agents
DPW
Direct DPW Surplus Lines DPW
$5,884,764,000
$5,094,004,000
$434,191,000
$287,146,000
$543,026,000
Loss Ratio and Combined Ratio
Accuracy
IA+MGA+IA-Mixed
Penetration
Exclusive
Penetration
Direct Penetration Surplus Lines Utilization
100%
87%
7%
5%
9.2%
Active Affiliated and Unaffiliated
Insurers
IA+MGA+IA-Mixed
Insurers
Exclusive Insurers Direct Insurers Surplus Lines Insurers
413
333
28
35
72
1-Year / 5-Year Premium Growth: All
Premium
1-yr / 5-yr: IA+MGA+IA-
Mixed
1-yr / 5-yr:
Exclusive
1-yr / 5-yr: Direct 1-yr / 5-yr: Surplus Lines
21% / 14%
23% / 16%
16% / 7%
4% / 6%
43% / 35%
Top 5 Groups or Unaffiliated
Single(s) 2021 DPW
2021 Adj. Loss
Ratio
2020-2021 Growth
Rate
Group Name or ALL L.O.B.
DPW
Progressive Insurance Group (G)
$1,310,589,000
78%
48%
N/A
Berkshire Hathaway Insurance
Group (G) $287,268,000 60% 59% N/A
Liberty Mutual Insurance Companies
(G) $274,128,000 69% 7% N/A
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 22 of 84
Travelers Group (G)
$243,135,000
63%
0%
N/A
Old Republic Insurance Group (G)
$186,068,000
70%
0%
N/A
Total or Average
$5,883,769,000
79%
21%
N/A
Top 10 Pure Independent Agent-Broker Policy-Issuing Insurers
United Wisconsin Insurance
Company $107,458,000 103% 5% AF Group
National Liability & Fire Insurance Co $102,190,000 46% 38%
Berkshire Hathaway
Insurance Group
National Union Fire Ins Co Pittsburgh
PA $94,636,000 86% 35% American International Group
Infinity County Mutual Insurance Co
$90,400,000
69%
37%
Kemper PC Companies
State Automobile Mutual Insurance
Co $85,210,000 79% 86%
Liberty Mutual Insurance
Companies
Top 3 MGA/Wholesale Policy-Issuing Insurers
Trisura Specialty Insurance
Company $145,328,000 67% 9% Trisura US Insurance Group
Clear Blue Insurance Company
$111,503,000
72%
7%
Clear Blue Insurance Group
United Specialty Insurance Company
$87,392,000
35%
131%
Markel Corporation Group
Top 3 Captive-Exclusive Policy-Issuing Insurers
State Farm Mutual Automobile Ins
Co $113,492,000 78% 17% State Farm Group
Sentry Select Insurance Company
$60,175,000
71%
35%
Sentry Insurance Group
Allstate County Mutual Insurance
Company $50,145,000 83% 5% Allstate Insurance Group
Top 3 Direct Policy-Issuing Insurers
Liberty Mutual Fire Insurance
Company $87,441,000 72% -7%
Liberty Mutual Insurance
Companies
Motors Insurance Corporation
$41,320,000
24%
-28%
Ally Insurance Group
Nationwide Agribusiness Insurance
Co $21,948,000 93% 2% Nationwide Group
Top 3 Surplus Lines Policy Issuing Insurers
Trisura Specialty Insurance
Company $145,328,000 67% 9% Trisura US Insurance Group
United Specialty Insurance Company
$87,392,000
35%
131%
Markel Corporation Group
National Fire & Marine Insurance Co $38,112,000 50% 52%
Berkshire Hathaway
Insurance Group
Top Individual RRG
Alpine Transportation Ins RRG, Inc.
$11,577,000
79%
-19%
...
Source: © A.M. Best Company — used by permission.
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 23 of 84
All Private Passenger Auto
ALL Direct Written Premium (DPW) Ind. Agent DPW
Exclusive Agents
DPW
Direct DPW Surplus Lines DPW
$23,624,573,000
$9,299,684,000
$8,139,356,000
$5,801,600,000
$34,000
Loss Ratio and Combined Ratio
Accuracy
IA+MGA+IA-Mixed
Penetration
Exclusive
Penetration
Direct Penetration Surplus Lines Utilization
100%
39%
34%
25%
0.0%
Active Affiliated and Unaffiliated
Insurers
IA+MGA+IA-Mixed
Insurers
Exclusive Insurers Direct Insurers Surplus Lines Insurers
174
115
22
35
1
1-Year / 5-Year Premium Growth: All
Premium
1-yr / 5-yr: IA+MGA+IA-
Mixed
1-yr / 5-yr:
Exclusive
1-yr / 5-yr: Direct 1-yr / 5-yr: Surplus Lines
5% / 3%
11% / 7%
2% / 0%
1% / 3%
-97% / -64%
Top 5 Groups or Unaffiliated
Single(s) 2021 DPW
2021 Adj. Loss
Ratio
2020-2021 Growth
Rate
Group Name or ALL L.O.B.
DPW
Progressive Insurance Group (G)
$3,795,014,000
69%
11%
N/A
State Farm Group (G)
$3,357,022,000
78%
4%
N/A
Berkshire Hathaway Insurance
Group (G) $3,254,007,000 81% 11% N/A
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 24 of 84
Allstate Insurance Group (G)
$2,750,562,000
74%
-1%
N/A
USAA Group (G)
$1,995,113,000
83%
-1%
N/A
Total or Average
$23,624,568,000
74%
5%
N/A
Top 10 Pure Independent Agent-Broker Policy-Issuing Insurers
Liberty County Mutual Insurance
Company $1,055,376,000 61% 3%
Liberty Mutual Insurance
Companies
Foremost County Mutual Insurance
Company $290,185,000 64% 5% Farmers Insurance Group
Infinity County Mutual Insurance Co
$258,827,000
84%
20%
Kemper PC Companies
American Access Casualty Company
$229,900,000
90%
6%
Kemper PC Companies
Germania Select Insurance
Company $212,421,000 70% 12% Germania Mutual Group
Top 3 MGA/Wholesale Policy-Issuing Insurers
Consumers County Mutual Insurance
Co $517,161,000 64% 6% ...
Home State County Mutual
Insurance Co $426,518,000 73% 17% Home State Insurance Group
Redpoint County Mutual Insurance
Company $341,358,000 76% 48% ...
Top 3 Captive-Exclusive Policy-Issuing Insurers
State Farm Mutual Automobile Ins
Co $3,155,335,000 79% 4% State Farm Group
Allstate Fire and Casualty Insurance
Co $2,102,374,000 79% 4% Allstate Insurance Group
Farmers Texas County Mutual
Insurance Co $1,361,407,000 62% 2% Farmers Insurance Group
Top 3 Direct Policy-Issuing Insurers
GEICO County Mutual Insurance
Company $2,524,458,000 86% 7%
Berkshire Hathaway
Insurance Group
United Services Automobile
Association $626,448,000 89% -2% USAA Group
USAA Casualty Insurance Company
$583,828,000
81%
-1%
USAA Group
Top 3 Surplus Lines Policy Issuing Insurers
Fortegra Specialty Insurance
Company $35,000 50%
Fortegra P&C Group
Top Individual RRG
Source: © A.M. Best Company — used by permission.
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 25 of 84
Allied Perils Only
ALL Direct Written Premium (DPW) Ind. Agent DPW
Exclusive Agents
DPW
Direct DPW Surplus Lines DPW
$2,259,480,000
$1,902,051,000
$124,892,000
$177,395,000
$813,045,000
Loss Ratio and Combined Ratio
Accuracy
IA+MGA+IA-Mixed
Penetration
Exclusive
Penetration
Direct Penetration Surplus Lines Utilization
100%
84%
6%
8%
36.0%
Active Affiliated and Unaffiliated
Insurers
IA+MGA+IA-Mixed
Insurers
Exclusive Insurers Direct Insurers Surplus Lines Insurers
320
266
20
20
78
1-Year / 5-Year Premium Growth: All
Premium
1-yr / 5-yr: IA+MGA+IA-
Mixed
1-yr / 5-yr:
Exclusive
1-yr / 5-yr: Direct 1-yr / 5-yr: Surplus Lines
14% / 15%
16% / 18%
9% / 4%
3% / 3%
22% / 21%
Top 5 Groups or Unaffiliated
Single(s) 2021 DPW
2021 Adj. Loss
Ratio
2020-2021 Growth
Rate
Group Name or ALL L.O.B.
DPW
Travelers Group (G)
$129,818,000
220%
23%
N/A
Liberty Mutual Insurance Companies
(G) $126,918,000 39% 27% N/A
FM Global Group (G)
$126,691,000
224%
19%
N/A
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 26 of 84
Chubb INA Group (G)
$125,178,000
121%
39%
N/A
Zurich Insurance US PC Group (G)
$124,443,000
281%
16%
N/A
Total or Average
$2,258,663,000
144%
14%
N/A
Top 10 Pure Independent Agent-Broker Policy-Issuing Insurers
Foremost Lloyds of Texas
$90,620,000
71%
20%
Farmers Insurance Group
Travelers Lloyds Insurance
Company $86,829,000 243% 24% Travelers Group
Westchester Surplus Lines
Insurance Co $80,083,000 133% 14% Chubb INA Group
Landmark American Insurance
Company $67,314,000 177% 21% Alleghany Corporation Group
National Fire & Marine Insurance Co $60,723,000 78% 34%
Berkshire Hathaway
Insurance Group
Top 3 MGA/Wholesale Policy-Issuing Insurers
Ranchers & Farmers Mutual
Insurance Co $26,025,000 64% -8% ...
GuideOne National Insurance
Company $25,145,000 78% 72%
GuideOne Insurance
Companies
Transverse Specialty Insurance
Company $22,871,000 71% 6810% Transverse Insurance Group
Top 3 Captive-Exclusive Policy-Issuing Insurers
Texas Farm Bureau Underwriters
$40,152,000
80%
14%
Texas Farm Bureau Group
Fire Insurance Exchange
$24,272,000
84%
-10%
Farmers Insurance Group
Federated Mutual Insurance
Company $15,904,000 85% 17% Federated Mutual Group
Top 3 Direct Policy-Issuing Insurers
American Security Insurance
Company $71,921,000 80% 10% Assurant P&C Group
United Services Automobile
Association $32,911,000 115% -5% USAA Group
Westport Insurance Corporation
$25,760,000
174%
-1%
Swiss Reinsurance Group
Top 3 Surplus Lines Policy Issuing Insurers
Westchester Surplus Lines
Insurance Co $80,083,000 133% 14% Chubb INA Group
Landmark American Insurance
Company $67,314,000 177% 21% Alleghany Corporation Group
National Fire & Marine Insurance Co $60,723,000 78% 34%
Berkshire Hathaway
Insurance Group
Top Individual RRG
Source: © A.M. Best Company — used by permission.
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 27 of 84
Boiler & Machinery
ALL Direct Written Premium (DPW) Ind. Agent DPW
Exclusive Agents
DPW
Direct DPW Surplus Lines DPW
$175,830,000
$162,969,000
$3,879,000
$8,634,000
$15,366,000
Loss Ratio and Combined Ratio
Accuracy
IA+MGA+IA-Mixed
Penetration
Exclusive
Penetration
Direct
Penetration
Surplus Lines Utilization
100%
93%
2%
5%
8.7%
Active Affiliated and Unaffiliated
Insurers
IA+MGA+IA-Mixed
Insurers
Exclusive
Insurers
Direct Insurers Surplus Lines Insurers
196
172
10
8
46
1-Year / 5-Year Premium Growth:
All Premium
1-yr / 5-yr: IA+MGA+IA-
Mixed
1-yr / 5-yr:
Exclusive
1-yr / 5-yr: Direct 1-yr / 5-yr: Surplus Lines
10% / 10%
9% / 10%
18% / 8%
24% / 9%
18% / 15%
Top 5 Groups or Unaffiliated
Single(s) 2021 DPW
2021 Adj. Loss
Ratio
2020-2021
Growth Rate Group Name or ALL L.O.B. DPW
FM Global Group (G)
$56,950,000
349%
-6%
N/A
American International Group (G)
$21,482,000
120%
25%
N/A
Zurich Insurance US PC Group (G)
$14,886,000
5%
88%
N/A
Travelers Group (G)
$13,760,000
18%
2%
N/A
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 28 of 84
Chubb INA Group (G)
$9,716,000
99%
13%
N/A
Total or Average
$175,827,000
157%
10%
N/A
Top 10 Pure Independent Agent-Broker Policy-Issuing Insurers
National Union Fire Ins Co
Pittsburgh PA $15,532,000 149% 24% American International Group
Travelers Property Casualty Co of
Amer $9,903,000 15% -3% Travelers Group
Hartford Steam Boiler Inspec & Ins $4,979,000 36% 54%
Munich-American Holding Corp
Companies
Federal Insurance Company
$4,936,000
34%
6%
Chubb INA Group
XL Insurance America, Inc.
$4,702,000
-33%
-14%
XL Reinsurance America Group
Top 3 MGA/Wholesale Policy-Issuing Insurers
Colony Insurance Company
$164,000
-100%
26%
Argo Group
Benchmark Insurance Company
$144,000
0%
106%
Benchmark Insurance Group
Houston Casualty Company
$117,000
160%
-26%
Tokio Marine US PC Group
Top 3 Captive-Exclusive Policy-Issuing Insurers
Federated Mutual Insurance
Company $1,856,000 21% 24% Federated Mutual Group
Nationwide Mutual Insurance
Company $501,000 36% 12% Nationwide Group
Allstate Insurance Company
$450,000
30%
-7%
Allstate Insurance Group
Top 3 Direct Policy-Issuing Insurers
Liberty Mutual Fire Insurance
Company $4,288,000 47% 26%
Liberty Mutual Insurance
Companies
Westport Insurance Corporation
$2,510,000
14%
4%
Swiss Reinsurance Group
Nationwide Agribusiness Insurance
Co $696,000 44% 181% Nationwide Group
Top 3 Surplus Lines Policy Issuing Insurers
Interstate Fire & Casualty Company $2,675,000 506% 53%
Allianz US PC Insurance
Companies
Lexington Insurance Company
$2,628,000
9%
20%
American International Group
AIG Specialty Insurance Company
$1,530,000
17%
15%
American International Group
Top Individual RRG
ARISE Boiler Inspection & Insurance
RRG $53,000 1% 10% ...
Source: © A.M. Best Company — used by permission.
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 29 of 84
Burglary & Theft
ALL Direct Written Premium (DPW) Ind. Agent DPW
Exclusive Agents
DPW
Direct DPW Surplus Lines DPW
$51,462,000
$47,543,000
$3,881,000
$20,000
$6,889,000
Loss Ratio and Combined Ratio
Accuracy
IA+MGA+IA-Mixed
Penetration
Exclusive
Penetration
Direct Penetration Surplus Lines Utilization
100%
92%
8%
0%
13.4%
Active Affiliated and Unaffiliated
Insurers
IA+MGA+IA-Mixed
Insurers
Exclusive Insurers Direct Insurers Surplus Lines Insurers
132
119
7
4
21
1-Year / 5-Year Premium Growth: All
Premium
1-yr / 5-yr: IA+MGA+IA-
Mixed
1-yr / 5-yr:
Exclusive
1-yr / 5-yr: Direct 1-yr / 5-yr: Surplus Lines
6% / 18%
6% / 22%
-4% / -4%
82% / -10%
141% / 41%
Top 5 Groups or Unaffiliated
Single(s) 2021 DPW
2021 Adj. Loss
Ratio
2020-2021 Growth
Rate
Group Name or ALL L.O.B.
DPW
Ranchers & Farmers Mutual
Insurance Co $12,754,000 62% -8% N/A
Zurich Insurance US PC Group (G)
$5,280,000
20%
93%
N/A
Travelers Group (G)
$4,749,000
121%
-38%
N/A
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 30 of 84
Hiscox Insurance Company Inc.
$3,958,000
128%
21%
N/A
Kemper PC Companies (G)
$3,771,000
3%
-3%
N/A
Total or Average
$51,474,000
52%
6%
N/A
Top 10 Pure Independent Agent-Broker Policy-Issuing Insurers
Travelers Casualty and Surety Co of
Amer $4,676,000 123% -38% Travelers Group
Steadfast Insurance Company $4,468,000 31% 185%
Zurich Insurance US PC
Group
Beazley Insurance Company, Inc. $3,440,000 101% 21%
Beazley USA Insurance
Group
XL Specialty Insurance Company $3,410,000 50% 47%
XL Reinsurance America
Group
Federal Insurance Company
$2,500,000
-12%
3%
Chubb INA Group
Top 3 MGA/Wholesale Policy-Issuing Insurers
Ranchers & Farmers Mutual
Insurance Co $12,754,000 62% -8% ...
U.S. Specialty Insurance Company
$671,000
-100%
-1%
Tokio Marine US PC Group
Harco National Insurance Company
$45,000
918%
-15%
IAT Insurance Group
Top 3 Captive-Exclusive Policy-Issuing Insurers
Capitol County Mutual Fire Insurance
Co $3,771,000 3% -3% Kemper PC Companies
Federated Mutual Insurance
Company $50,000 46% -21% Federated Mutual Group
Sentry Select Insurance Company
$23,000
575%
-15%
Sentry Insurance Group
Top 3 Direct Policy-Issuing Insurers
Federated Rural Electric Ins
Exchange $15,000 0% 67% ...
Crestbrook Insurance Company
$2,000
8%
Nationwide Group
Top 3 Surplus Lines Policy Issuing Insurers
Steadfast Insurance Company $4,468,000 31% 185%
Zurich Insurance US PC
Group
National Fire & Marine Insurance Co $702,000 12% 159%
Berkshire Hathaway
Insurance Group
Columbia Casualty Company
$360,000
48%
65%
CNA Insurance Companies
Top Individual RRG
Source: © A.M. Best Company — used by permission.
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 31 of 84
Commercial Multi-Peril
ALL Direct Written Premium (DPW) Ind. Agent DPW
Exclusive Agents
DPW
Direct DPW Surplus Lines DPW
$3,699,096,000
$3,101,841,000
$457,196,000
$117,991,000
$699,545,000
Loss Ratio and Combined Ratio
Accuracy
IA+MGA+IA-Mixed
Penetration
Exclusive
Penetration
Direct Penetration Surplus Lines Utilization
100%
84%
12%
3%
18.9%
Active Affiliated and Unaffiliated
Insurers
IA+MGA+IA-Mixed
Insurers
Exclusive Insurers Direct Insurers Surplus Lines Insurers
326
280
21
18
69
1-Year / 5-Year Premium Growth: All
Premium
1-yr / 5-yr: IA+MGA+IA-
Mixed
1-yr / 5-yr:
Exclusive
1-yr / 5-yr: Direct 1-yr / 5-yr: Surplus Lines
12% / 8%
13% / 9%
13% / 5%
21% / 7%
11% / 15%
Top 5 Groups or Unaffiliated
Single(s) 2021 DPW
2021 Adj. Loss
Ratio
2020-2021 Growth
Rate
Group Name or ALL L.O.B.
DPW
Travelers Group (G)
$286,549,000
113%
13%
N/A
Hartford Insurance Group (G)
$273,915,000
113%
11%
N/A
Chubb INA Group (G)
$252,669,000
110%
28%
N/A
Nationwide Group (G)
$239,957,000
135%
17%
N/A
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 32 of 84
Liberty Mutual Insurance Companies
(G) $235,893,000 89% 11% N/A
Total or Average
$3,699,097,000
115%
12%
N/A
Top 10 Pure Independent Agent-Broker Policy-Issuing Insurers
Philadelphia Indemnity Insurance
Company $127,972,000 136% 8% Tokio Marine US PC Group
ACE American Insurance Company
$126,145,000
115%
44%
Chubb INA Group
Ohio Security Insurance Company $103,604,000 66% 5%
Liberty Mutual Insurance
Companies
Third Coast Insurance Company
$103,015,000
239%
-17%
AF Group
Hartford Fire Insurance Company
$65,000,000
127%
6%
Hartford Insurance Group
Top 3 MGA/Wholesale Policy-Issuing Insurers
Independent Specialty Insurance
Company $44,487,000 41% 87% Markel Corporation Group
United Specialty Insurance Company
$28,128,000
162%
-342%
Markel Corporation Group
Western World Insurance Company
$19,420,000
87%
-3%
American International Group
Top 3 Captive-Exclusive Policy-Issuing Insurers
State Farm Lloyds
$125,799,000
106%
14%
State Farm Group
Allstate Indemnity Company
$97,612,000
91%
8%
Allstate Insurance Group
Mid-Century Insurance Company
$75,990,000
157%
22%
Farmers Insurance Group
Top 3 Direct Policy-Issuing Insurers
Allied Insurance Company of
America $28,153,000 122% 57% Nationwide Group
Liberty Surplus Insurance
Corporation $23,368,000 79% 7%
Liberty Mutual Insurance
Companies
National General Insurance
Company $19,123,000 48% 25% Allstate Insurance Group
Top 3 Surplus Lines Policy Issuing Insurers
Third Coast Insurance Company
$103,015,000
239%
-17%
AF Group
Scottsdale Insurance Company
$64,825,000
75%
24%
Nationwide Group
Steadfast Insurance Company $52,775,000 127% 6%
Zurich Insurance US PC
Group
Top Individual RRG
Source: © A.M. Best Company — used by permission.
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 33 of 84
Earthquake
ALL Direct Written Premium (DPW) Ind. Agent DPW
Exclusive Agents
DPW
Direct DPW Surplus Lines DPW
$50,991,000
$47,449,000
$960,000
$2,534,000
$28,955,000
Loss Ratio and Combined Ratio
Accuracy
IA+MGA+IA-Mixed
Penetration
Exclusive
Penetration
Direct Penetration Surplus Lines Utilization
100%
93%
2%
5%
56.8%
Active Affiliated and Unaffiliated
Insurers
IA+MGA+IA-Mixed
Insurers
Exclusive Insurers Direct Insurers Surplus Lines Insurers
150
125
11
12
41
1-Year / 5-Year Premium Growth: All
Premium
1-yr / 5-yr: IA+MGA+IA-
Mixed
1-yr / 5-yr:
Exclusive
1-yr / 5-yr: Direct 1-yr / 5-yr: Surplus Lines
6% / 18%
6% / 20%
-10% / 2%
12% / -2%
0% / 18%
Top 5 Groups or Unaffiliated
Single(s) 2021 DPW
2021 Adj. Loss
Ratio
2020-2021 Growth
Rate
Group Name or ALL L.O.B.
DPW
American International Group (G)
$5,522,000
-17%
25%
N/A
Allianz US PC Insurance Companies
(G) $5,277,000 3% 87% N/A
Chubb INA Group (G)
$5,242,000
0%
23%
N/A
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 34 of 84
Sompo Holdings US Group (G)
$5,200,000
-5%
-29%
N/A
Berkshire Hathaway Insurance
Group (G) $3,918,000 1% 28% N/A
Total or Average
$50,998,000
9%
6%
N/A
Top 10 Pure Independent Agent-Broker Policy-Issuing Insurers
Endurance American Specialty Ins
Co $5,182,000 -5% -28% Sompo Holdings US Group
Lexington Insurance Company
$3,970,000
-22%
34%
American International Group
Allianz Global Risks US Insurance Co $3,726,000 4% 48%
Allianz US PC Insurance
Companies
National Fire & Marine Insurance Co $3,415,000 0% 40%
Berkshire Hathaway
Insurance Group
Westchester Surplus Lines
Insurance Co $3,071,000 1% 21% Chubb INA Group
Top 3 MGA/Wholesale Policy-Issuing Insurers
Houston Casualty Company
$1,455,000
155%
-9%
Tokio Marine US PC Group
Evanston Insurance Company
$1,439,000
27%
-37%
Markel Corporation Group
Hallmark Specialty Insurance
Company $673,000 -60% -19% Hallmark Insurance Group
Top 3 Captive-Exclusive Policy-Issuing Insurers
State Farm Lloyds
$726,000
0%
9%
State Farm Group
Federated Service Insurance
Company $80,000 0% -36% Federated Mutual Group
Texas Farmers Insurance Company
$62,000
0%
-3%
Farmers Insurance Group
Top 3 Direct Policy-Issuing Insurers
United Services Automobile
Association $781,000 1% 7% USAA Group
Liberty Mutual Fire Insurance
Company $501,000 0% 44%
Liberty Mutual Insurance
Companies
USAA Casualty Insurance Company
$410,000
0%
7%
USAA Group
Top 3 Surplus Lines Policy Issuing Insurers
Endurance American Specialty Ins
Co $5,182,000 -5% -28% Sompo Holdings US Group
Lexington Insurance Company
$3,970,000
-22%
34%
American International Group
National Fire & Marine Insurance Co $3,415,000 0% 40%
Berkshire Hathaway
Insurance Group
Top Individual RRG
Source: © A.M. Best Company — used by permission.
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 35 of 84
Excess Workers’ Comp
ALL Direct Written Premium (DPW) Ind. Agent DPW
Exclusive Agents
DPW
Direct DPW Surplus Lines DPW
$32,131,000
$31,709,000
$0
$422,000
$4,284,000
Loss Ratio and Combined Ratio
Accuracy
IA+MGA+IA-Mixed
Penetration
Exclusive
Penetration
Direct Penetration Surplus Lines Utilization
100%
99%
0%
1%
13.3%
Active Affiliated and Unaffiliated
Insurers
IA+MGA+IA-Mixed
Insurers
Exclusive Insurers Direct Insurers Surplus Lines Insurers
13
12
0
1
2
1-Year / 5-Year Premium Growth: All
Premium
1-yr / 5-yr: IA+MGA+IA-
Mixed
1-yr / 5-yr:
Exclusive
1-yr / 5-yr: Direct 1-yr / 5-yr: Surplus Lines
-22% / -5%
-25% / -5%
#DIV/0!
-147% / -24%
-6% / -19%
Top 5 Groups or Unaffiliated
Single(s) 2021 DPW
2021 Adj. Loss
Ratio
2020-2021 Growth
Rate
Group Name or ALL L.O.B.
DPW
Tokio Marine US PC Group (G)
$14,209,000
102%
4%
N/A
W. R. Berkley Insurance Group (G)
$11,264,000
62%
22%
N/A
Chubb INA Group (G)
$7,388,000
137%
-17%
N/A
AmeriTrust Group (G)
$1,901,000
88%
8%
N/A
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 36 of 84
Zurich Insurance US PC Group (G)
$1,186,000
-27%
234%
N/A
Total or Average
$32,131,000
128%
-22%
N/A
Top 10 Pure Independent Agent-Broker Policy-Issuing Insurers
Safety National Casualty Corporation
$14,209,000
102%
4%
Tokio Marine US PC Group
Midwest Employers Casualty
Company $11,264,000 62% 22%
W. R. Berkley Insurance
Group
Illinois Union Insurance Company
$3,884,000
117%
-8%
Chubb INA Group
ACE American Insurance Company
$3,504,000
156%
-25%
Chubb INA Group
Star Insurance Company
$1,901,000
88%
8%
AmeriTrust Group
Top 3 MGA/Wholesale Policy-Issuing Insurers
State National Insurance Company,
Inc. $3,000 1000% -91% Markel Corporation Group
Top 3 Captive-Exclusive Policy-Issuing Insurers
Top 3 Direct Policy-Issuing Insurers
Liberty Mutual Fire Insurance
Company $452,000 56%
Liberty Mutual Insurance
Companies
Top 3 Surplus Lines Policy Issuing Insurers
Illinois Union Insurance Company
$3,884,000
117%
-8%
Chubb INA Group
Steadfast Insurance Company $417,000 -60% 97%
Zurich Insurance US PC
Group
Accelerant Specialty Insurance
Company $0 0%
Accelerant US Holdings
Group
Top Individual RRG
Source: © A.M. Best Company — used by permission.
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 37 of 84
Farmowners Multi-Peril
ALL Direct Written Premium (DPW) Ind. Agent DPW
Exclusive Agents
DPW
Direct DPW Surplus Lines DPW
$393,575,000
$98,718,000
$265,628,000
$29,151,000
$273,000
Loss Ratio and Combined Ratio
Accuracy
IA+MGA+IA-Mixed
Penetration
Exclusive
Penetration
Direct Penetration Surplus Lines Utilization
100%
25%
67%
7%
0.1%
Active Affiliated and Unaffiliated
Insurers
IA+MGA+IA-Mixed
Insurers
Exclusive Insurers Direct Insurers Surplus Lines Insurers
33
28
2
2
2
1-Year / 5-Year Premium Growth: All
Premium
1-yr / 5-yr: IA+MGA+IA-
Mixed
1-yr / 5-yr:
Exclusive
1-yr / 5-yr: Direct 1-yr / 5-yr: Surplus Lines
4% / 5%
2% / 3%
4% / 5%
16% / 14%
-92% / -16%
Top 5 Groups or Unaffiliated
Single(s) 2021 DPW
2021 Adj. Loss
Ratio
2020-2021 Growth
Rate
Group Name or ALL L.O.B.
DPW
Texas Farm Bureau Group (G)
$224,218,000
88%
4%
N/A
State Farm Group (G)
$41,410,000
68%
4%
N/A
Travelers Group (G)
$39,715,000
58%
3%
N/A
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 38 of 84
Liberty Mutual Insurance Companies
(G) $33,944,000 79% 39% N/A
Nationwide Group (G)
$29,477,000
88%
15%
N/A
Total or Average
$393,574,000
82%
4%
N/A
Top 10 Pure Independent Agent-Broker Policy-Issuing Insurers
Indemnity Insurance Co of North
America $19,348,000 72% 54% Chubb INA Group
State Automobile Mutual Insurance
Co $16,503,000 93% 36%
Liberty Mutual Insurance
Companies
Charter Oak Fire Insurance Company
$8,847,000
37%
2%
Travelers Group
West American Insurance Company $8,614,000 45% 2247%
Liberty Mutual Insurance
Companies
Travelers Property Casualty Co of
Amer $7,269,000 70% 9% Travelers Group
Top 3 MGA/Wholesale Policy-Issuing Insurers
Markel Insurance Company
$2,621,000
138%
24%
Markel Corporation Group
Accelerant Specialty Insurance
Company $10,000 32%
Accelerant US Holdings
Group
Accelerant National Insurance
Company $0 0%
Accelerant US Holdings
Group
Top 3 Captive-Exclusive Policy-Issuing Insurers
Texas Farm Bureau Underwriters
$224,218,000
88%
4%
Texas Farm Bureau Group
State Farm Lloyds
$41,410,000
68%
4%
State Farm Group
Top 3 Direct Policy-Issuing Insurers
Nationwide Agribusiness Insurance
Co $28,935,000 88% 16% Nationwide Group
Liberty Mutual Insurance Company $216,000 47% 315%
Liberty Mutual Insurance
Companies
Top 3 Surplus Lines Policy Issuing Insurers
Scottsdale Insurance Company
$542,000
98%
-15%
Nationwide Group
Accelerant Specialty Insurance
Company $10,000 32%
Accelerant US Holdings
Group
Acceptance Indemnity Insurance
Company $0 0%
IAT Insurance Group
Top Individual RRG
Source: © A.M. Best Company — used by permission.
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 39 of 84
Federal Flood
ALL Direct Written Premium (DPW) Ind. Agent DPW
Exclusive Agents
DPW
Direct DPW Surplus Lines DPW
$419,942,000
$279,338,000
$101,395,000
$39,209,000
$1,975,000
Loss Ratio and Combined Ratio
Accuracy
IA+MGA+IA-Mixed
Penetration
Exclusive
Penetration
Direct Penetration Surplus Lines Utilization
100%
67%
24%
9%
0.5%
Active Affiliated and Unaffiliated
Insurers
IA+MGA+IA-Mixed
Insurers
Exclusive
Insurers
Direct Insurers Surplus Lines Insurers
29
22
4
3
2
1-Year / 5-Year Premium Growth:
All Premium
1-yr / 5-yr: IA+MGA+IA-
Mixed
1-yr / 5-yr:
Exclusive
1-yr / 5-yr: Direct 1-yr / 5-yr: Surplus Lines
6% / 8%
7% / 9%
3% / 5%
8% / 6%
#DIV/0!
Top 5 Groups or Unaffiliated
Single(s) 2021 DPW
2021 Adj. Loss
Ratio
2020-2021 Growth
Rate Group Name or ALL L.O.B. DPW
Wright National Flood Insurance
Company $122,466,000 7% 5% N/A
Assurant P&C Group (G)
$60,176,000
9%
4%
N/A
Allstate Insurance Group (G)
$55,127,000
-2%
5%
N/A
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 40 of 84
Farmers Insurance Group (G)
$52,501,000
4%
3%
N/A
USAA Group (G)
$29,210,000
-3%
9%
N/A
Total or Average
$419,945,000
5%
6%
N/A
Top 10 Pure Independent Agent-Broker Policy-Issuing Insurers
American Bankers Insurance Co of
Florida $60,176,000 9% 4% Assurant P&C Group
ASI Lloyds
$27,267,000
10%
8%
Progressive Insurance Group
Hartford Insurance Co of the
Midwest $21,238,000 8% 5% Hartford Insurance Group
Selective Insurance Co of the
Southeast $10,133,000 1% 13% Selective Insurance Group
Integon National Insurance
Company $7,356,000 11% 14% Allstate Insurance Group
Top 3 MGA/Wholesale Policy-Issuing Insurers
Wright National Flood Insurance
Company $122,466,000 7% 5% ...
Universal North America Insurance
Co $3,543,000 43% 15%
Universal Insurance Group of
Puerto Rico
Occidental Fire and Casualty Co of
NC $2,730,000 0% 19% IAT Insurance Group
Top 3 Captive-Exclusive Policy-Issuing Insurers
Texas Farmers Insurance Company
$49,029,000
3%
2%
Farmers Insurance Group
Allstate Insurance Company
$47,771,000
-4%
4%
Allstate Insurance Group
American National Property &
Casualty Co $3,228,000 10% 6%
American National Prop & Cas
Group
Top 3 Direct Policy-Issuing Insurers
USAA General Indemnity Company
$29,210,000
-3%
9%
USAA Group
Liberty Mutual Fire Insurance
Company $5,421,000 12% 1%
Liberty Mutual Insurance
Companies
Homesite Lloyd's of Texas $4,578,000 21% 10%
American Family Insurance
Group
Top 3 Surplus Lines Policy Issuing Insurers
Trisura Specialty Insurance
Company $1,964,000 1% 151% Trisura US Insurance Group
Transverse Specialty Insurance
Company $55,000 19%
Transverse Insurance Group
Top Individual RRG
Source: © A.M. Best Company — used by permission.
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 41 of 84
Fidelity
ALL Direct Written Premium (DPW) Ind. Agent DPW
Exclusive Agents
DPW
Direct DPW Surplus Lines DPW
$91,508,000
$82,185,000
$1,108,000
$7,159,000
$2,539,000
Loss Ratio and Combined Ratio
Accuracy
IA+MGA+IA-Mixed
Penetration
Exclusive
Penetration
Direct Penetration Surplus Lines Utilization
100%
90%
1%
8%
2.8%
Active Affiliated and Unaffiliated
Insurers
IA+MGA+IA-Mixed
Insurers
Exclusive Insurers Direct Insurers Surplus Lines Insurers
137
119
9
8
18
1-Year / 5-Year Premium Growth: All
Premium
1-yr / 5-yr: IA+MGA+IA-
Mixed
1-yr / 5-yr:
Exclusive
1-yr / 5-yr: Direct 1-yr / 5-yr: Surplus Lines
4% / 4%
5% / 4%
-10% / -7%
-1% / 0%
9% / 13%
Top 5 Groups or Unaffiliated
Single(s) 2021 DPW
2021 Adj. Loss
Ratio
2020-2021 Growth
Rate
Group Name or ALL L.O.B.
DPW
Chubb INA Group (G)
$15,937,000
8%
2%
N/A
Travelers Group (G)
$15,291,000
51%
4%
N/A
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 42 of 84
Great American P & C Insurance
Group (G) $9,776,000 42% -11% N/A
CUMIS Insurance Society Group (G)
$5,947,000
3%
-1%
N/A
American International Group (G)
$5,262,000
86%
-6%
N/A
Total or Average
$91,504,000
33%
4%
N/A
Top 10 Pure Independent Agent-Broker Policy-Issuing Insurers
Federal Insurance Company
$15,360,000
13%
3%
Chubb INA Group
Travelers Casualty and Surety Co of
Amer $15,141,000 52% 4% Travelers Group
Great American Insurance Company $8,382,000 39% -7%
Great American P & C
Insurance Group
National Union Fire Ins Co Pittsburgh
PA $3,989,000 103% -7% American International Group
Berkley Insurance Company
$2,888,000
25%
19%
W. R. Berkley Insurance Group
Top 3 MGA/Wholesale Policy-Issuing Insurers
Southwest Marine and General Ins
Co $1,285,000 106% -13% ProSight Specialty Group
RLI Insurance Company
$1,221,000
31%
76%
RLI Group
U.S. Specialty Insurance Company
$581,000
118%
53%
Tokio Marine US PC Group
Top 3 Captive-Exclusive Policy-Issuing Insurers
Federated Mutual Insurance
Company $340,000 2% -23% Federated Mutual Group
Sentry Select Insurance Company
$223,000
45%
-19%
Sentry Insurance Group
State Farm Fire and Casualty
Company $198,000 -1% 6% State Farm Group
Top 3 Direct Policy-Issuing Insurers
CUMIS Insurance Society, Inc. $5,932,000 3% -1%
CUMIS Insurance Society
Group
Liberty Mutual Insurance Company $792,000 244% -2%
Liberty Mutual Insurance
Companies
ICI Mutual Insurance Company, a
RRG $314,000 -100% 1% ...
Top 3 Surplus Lines Policy Issuing Insurers
AIG Specialty Insurance Company
$1,272,000
32%
-3%
American International Group
Great American E & S Insurance
Company $409,000 26% -8%
Great American P & C
Insurance Group
Aspen Specialty Insurance Company
$347,000
-8%
74%
Aspen US Insurance Group
Top Individual RRG
ICI Mutual Insurance Company, a
RRG $314,000 -100% 1% ...
Source: © A.M. Best Company — used by permission.
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 43 of 84
Fire Peril Only
ALL Direct Written Premium (DPW) Ind. Agent DPW
Exclusive Agents
DPW
Direct DPW Surplus Lines DPW
$2,392,905,000
$2,183,508,000
$111,654,000
$80,798,000
$843,921,000
Loss Ratio and Combined Ratio
Accuracy
IA+MGA+IA-Mixed
Penetration
Exclusive
Penetration
Direct Penetration Surplus Lines Utilization
100%
91%
5%
3%
35.3%
Active Affiliated and Unaffiliated
Insurers
IA+MGA+IA-Mixed
Insurers
Exclusive Insurers Direct Insurers Surplus Lines Insurers
338
287
21
19
88
1-Year / 5-Year Premium Growth: All
Premium
1-yr / 5-yr: IA+MGA+IA-
Mixed
1-yr / 5-yr:
Exclusive
1-yr / 5-yr: Direct 1-yr / 5-yr: Surplus Lines
16% / 10%
17% / 12%
1% / -2%
15% / -6%
29% / 24%
Top 5 Groups or Unaffiliated
Single(s) 2021 DPW
2021 Adj. Loss
Ratio
2020-2021 Growth
Rate
Group Name or ALL L.O.B.
DPW
Germania Mutual Group (G)
$361,312,000
83%
15%
N/A
FM Global Group (G)
$138,220,000
46%
14%
N/A
Starr International Group (G)
$133,964,000
159%
19%
N/A
Hochheim Prairie Group (G)
$131,149,000
85%
1%
N/A
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 44 of 84
American International Group (G)
$106,517,000
65%
26%
N/A
Total or Average
$2,392,651,000
103%
16%
N/A
Top 10 Pure Independent Agent-Broker Policy-Issuing Insurers
Germania Farm Mutual Insurance
Assn $361,312,000 83% 15% Germania Mutual Group
Starr Surplus Lines Insurance
Company $133,645,000 159% 19% Starr International Group
Hochheim Prairie Farm Mutual Ins
Assn $131,149,000 85% 1% Hochheim Prairie Group
Lexington Insurance Company
$70,413,000
79%
45%
American International Group
Westchester Surplus Lines Insurance
Co $68,007,000 167% 28% Chubb INA Group
Top 3 MGA/Wholesale Policy-Issuing Insurers
Ranchers & Farmers Mutual
Insurance Co $89,281,000 65% -8% ...
Houston Casualty Company
$28,755,000
70%
473%
Tokio Marine US PC Group
Transverse Specialty Insurance
Company $10,146,000 71%
Transverse Insurance Group
Top 3 Captive-Exclusive Policy-Issuing Insurers
RVOS Farm Mutual Insurance
Company $66,079,000 79% 2% RVOS Farm Mutual Ins Group
Fire Insurance Exchange
$11,955,000
1%
-11%
Farmers Insurance Group
Capitol County Mutual Fire Insurance
Co $9,156,000 21% -4% Kemper PC Companies
Top 3 Direct Policy-Issuing Insurers
American Security Insurance
Company $28,706,000 24% 8% Assurant P&C Group
Liberty Mutual Fire Insurance
Company $16,487,000 -3% 98%
Liberty Mutual Insurance
Companies
United Services Automobile
Association $10,363,000 41% -4% USAA Group
Top 3 Surplus Lines Policy Issuing Insurers
Starr Surplus Lines Insurance
Company $133,645,000 159% 19% Starr International Group
Lexington Insurance Company
$70,413,000
79%
45%
American International Group
Westchester Surplus Lines Insurance
Co $68,007,000 167% 28% Chubb INA Group
Top Individual RRG
Source: © A.M. Best Company — used by permission.
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 45 of 84
Homeowners
ALL Direct Written Premium (DPW) Ind. Agent DPW
Exclusive Agents
DPW
Direct DPW Surplus Lines DPW
$11,864,713,000
$5,649,097,000
$4,043,569,000
$1,873,743,000
$125,475,000
Loss Ratio and Combined Ratio
Accuracy
IA+MGA+IA-Mixed
Penetration
Exclusive
Penetration
Direct Penetration Surplus Lines Utilization
100%
48%
34%
16%
1.1%
Active Affiliated and Unaffiliated
Insurers
IA+MGA+IA-Mixed
Insurers
Exclusive Insurers Direct Insurers Surplus Lines Insurers
190
139
20
22
32
1-Year / 5-Year Premium Growth: All
Premium
1-yr / 5-yr: IA+MGA+IA-
Mixed
1-yr / 5-yr:
Exclusive
1-yr / 5-yr: Direct 1-yr / 5-yr: Surplus Lines
10% / 8%
13% / 14%
8% / 3%
7% / 4%
0% / 5%
Top 5 Groups or Unaffiliated
Single(s) 2021 DPW
2021 Adj. Loss
Ratio
2020-2021 Growth
Rate
Group Name or ALL L.O.B.
DPW
State Farm Group (G)
$2,173,981,000
77%
11%
N/A
Allstate Insurance Group (G)
$1,588,616,000
102%
9%
N/A
USAA Group (G)
$1,195,854,000
122%
10%
N/A
Farmers Insurance Group (G)
$1,102,529,000
100%
3%
N/A
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 46 of 84
Liberty Mutual Insurance Companies
(G) $1,097,496,000 118% 16% N/A
Total or Average
$11,842,208,000
105%
10%
N/A
Top 10 Pure Independent Agent-Broker Policy-Issuing Insurers
Allstate Vehicle and Property Ins Co
$1,038,634,000
107%
15%
Allstate Insurance Group
Travelers Personal Insurance
Company $440,417,000 98% 52% Travelers Group
ASI Lloyds
$268,991,000
89%
16%
Progressive Insurance Group
Safeco Insurance Company of
Indiana $256,394,000 104% -11%
Liberty Mutual Insurance
Companies
American Economy Insurance
Company $231,673,000 122% 101%
Liberty Mutual Insurance
Companies
Top 3 MGA/Wholesale Policy-Issuing Insurers
Homeowners of America Insurance
Company $234,762,000 108% 28% ...
Liberty Mutual Personal Insurance
Co $136,795,000 125% 102%
Liberty Mutual Insurance
Companies
Spinnaker Insurance Company
$135,711,000
156%
11%
Spinnaker Insurance Group
Top 3 Captive-Exclusive Policy-Issuing Insurers
State Farm Lloyds
$2,173,764,000
77%
11%
State Farm Group
Texas Farmers Insurance Company
$902,360,000
105%
5%
Farmers Insurance Group
Allstate Texas Lloyd's
$280,272,000
95%
-5%
Allstate Insurance Group
Top 3 Direct Policy-Issuing Insurers
United Services Automobile
Association $452,465,000 132% 8% USAA Group
USAA Casualty Insurance Company
$380,885,000
108%
9%
USAA Group
USAA General Indemnity Company
$201,480,000
128%
12%
USAA Group
Top 3 Surplus Lines Policy Issuing Insurers
GeoVera Specialty Insurance
Company $32,121,000 129% -44%
GeoVera U.S. Insurance
Group
Scottsdale Insurance Company
$17,038,000
129%
26%
Nationwide Group
Trisura Specialty Insurance Company
$15,332,000
70%
113%
Trisura US Insurance Group
Top Individual RRG
Source: © A.M. Best Company — used by permission.
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 47 of 84
Inland Marine
ALL Direct Written Premium (DPW) Ind. Agent DPW
Exclusive Agents
DPW
Direct DPW Surplus Lines DPW
$2,911,177,000
$2,417,672,000
$348,270,000
$136,482,000
$149,066,000
Loss Ratio and Combined Ratio
Accuracy
IA+MGA+IA-Mixed
Penetration
Exclusive
Penetration
Direct Penetration Surplus Lines Utilization
100%
83%
12%
5%
5.1%
Active Affiliated and Unaffiliated
Insurers
IA+MGA+IA-Mixed
Insurers
Exclusive Insurers Direct Insurers Surplus Lines Insurers
428
354
34
31
85
1-Year / 5-Year Premium Growth: All
Premium
1-yr / 5-yr: IA+MGA+IA-
Mixed
1-yr / 5-yr:
Exclusive
1-yr / 5-yr: Direct 1-yr / 5-yr: Surplus Lines
13% / 8%
14% / 8%
7% / 5%
8% / 12%
15% / 9%
Top 5 Groups or Unaffiliated
Single(s) 2021 DPW
2021 Adj. Loss
Ratio
2020-2021 Growth
Rate
Group Name or ALL L.O.B.
DPW
CNA Insurance Companies (G)
$494,671,000
56%
6%
N/A
Ohio Indemnity Company
$268,768,000
49%
26%
N/A
Liberty Mutual Insurance Companies
(G) $251,472,000 77% 7% N/A
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 48 of 84
Assurant P&C Group (G)
$160,080,000
25%
11%
N/A
Chubb INA Group (G)
$140,417,000
49%
17%
N/A
Total or Average
$2,911,011,000
59%
13%
N/A
Top 10 Pure Independent Agent-Broker Policy-Issuing Insurers
Continental Casualty Company
$492,293,000
56%
6%
CNA Insurance Companies
American Bankers Insurance Co of
Florida $103,041,000 29% 13% Assurant P&C Group
Travelers Lloyds Insurance Company
$73,141,000
57%
7%
Travelers Group
American Zurich Insurance Company $56,398,000 38% 44%
Zurich Insurance US PC
Group
National Union Fire Ins Co Pittsburgh
PA $51,323,000 10% 160% American International Group
Top 3 MGA/Wholesale Policy-Issuing Insurers
Ohio Indemnity Company
$268,768,000
49%
26%
...
American Pet Insurance Company
$25,182,000
62%
42%
Trupanion Insurance Group
Securian Casualty Company
$21,728,000
13%
12%
...
Top 3 Captive-Exclusive Policy-Issuing Insurers
Liberty Insurance Underwriters, Inc. $193,733,000 91% 6%
Liberty Mutual Insurance
Companies
Texas Farm Bureau Underwriters
$39,709,000
77%
10%
Texas Farm Bureau Group
State Farm County Mutual Ins Co of
Texas $37,010,000 37% -2% State Farm Group
Top 3 Direct Policy-Issuing Insurers
American Security Insurance
Company $31,787,000 32% -7% Assurant P&C Group
USAA Casualty Insurance Company
$16,752,000
22%
3%
USAA Group
Progressive Advanced Insurance
Company $16,106,000 41% 15% Progressive Insurance Group
Top 3 Surplus Lines Policy Issuing Insurers
Lexington Insurance Company
$26,241,000
24%
3%
American International Group
Interstate Fire & Casualty Company $10,744,000 43% -11%
Allianz US PC Insurance
Companies
Westchester Surplus Lines Insurance
Co $9,252,000 -2% 81% Chubb INA Group
Top Individual RRG
Source: © A.M. Best Company — used by permission.
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 49 of 84
International
ALL Direct Written Premium (DPW) Ind. Agent DPW
Exclusive Agents
DPW
Direct DPW Surplus Lines DPW
$88,000
$88,000
$0
$0
$88,000
Loss Ratio and Combined Ratio
Accuracy
IA+MGA+IA-Mixed
Penetration
Exclusive
Penetration
Direct Penetration Surplus Lines Utilization
#REF!
100%
0%
0%
100.0%
Active Affiliated and Unaffiliated
Insurers
IA+MGA+IA-Mixed
Insurers
Exclusive Insurers Direct Insurers Surplus Lines Insurers
1
1
0
0
1
1-Year / 5-Year Premium Growth: All
Premium
1-yr / 5-yr: IA+MGA+IA-
Mixed
1-yr / 5-yr:
Exclusive
1-yr / 5-yr: Direct 1-yr / 5-yr: Surplus Lines
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
Top 5 Groups or Unaffiliated
Single(s) 2021 DPW
2021 Adj. Loss
Ratio
2020-2021 Growth
Rate
Group Name or ALL L.O.B.
DPW
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 50 of 84
Total or Average
#REF!
#REF!
17%
N/A
Top 10 Pure Independent Agent-Broker Policy-Issuing Insurers
1st Atlantic Surety Company
$0
0%
...
Top 3 MGA/Wholesale Policy-Issuing Insurers
Colony Insurance Company
$88,000
0%
17%
Argo Group
Top 3 Captive-Exclusive Policy-Issuing Insurers
Top 3 Direct Policy-Issuing Insurers
21st Century Centennial Insurance Co
$0
0%
Farmers Insurance Group
Top 3 Surplus Lines Policy Issuing Insurers
Colony Insurance Company
$88,000
0%
17%
Argo Group
Top Individual RRG
...
Source: © A.M. Best Company — used by permission.
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 51 of 84
Medical Malpractice
ALL Direct Written Premium (DPW) Ind. Agent DPW
Exclusive Agents
DPW
Direct DPW Surplus Lines DPW
$454,802,000
$385,825,000
$17,573,000
$22,706,000
$184,166,000
Loss Ratio and Combined Ratio
Accuracy
IA+MGA+IA-Mixed
Penetration
Exclusive
Penetration
Direct Penetration Surplus Lines Utilization
100%
85%
4%
5%
40.5%
Active Affiliated and Unaffiliated
Insurers
IA+MGA+IA-Mixed
Insurers
Exclusive Insurers Direct Insurers Surplus Lines Insurers
129
84
8
17
41
1-Year / 5-Year Premium Growth: All
Premium
1-yr / 5-yr: IA+MGA+IA-
Mixed
1-yr / 5-yr:
Exclusive
1-yr / 5-yr: Direct 1-yr / 5-yr: Surplus Lines
14% / 10%
10% / 9%
-3% / 10%
2% / 10%
11% / 15%
Top 5 Groups or Unaffiliated
Single(s) 2021 DPW
2021 Adj. Loss
Ratio
2020-2021 Growth
Rate
Group Name or ALL L.O.B.
DPW
Berkshire Hathaway Insurance
Group (G) $92,017,000 28% 7% N/A
ProAssurance Group (G)
$54,141,000
48%
-1%
N/A
Doctors Company Insurance Group
(G) $50,722,000 10% 8% N/A
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 52 of 84
CNA Insurance Companies (G)
$36,031,000
12%
1%
N/A
Liberty Mutual Insurance Companies
(G) $20,251,000 41% 34% N/A
Total or Average
$454,803,000
32%
14%
N/A
Top 10 Pure Independent Agent-Broker Policy-Issuing Insurers
National Fire & Marine Insurance Co $35,232,000 53% 2%
Berkshire Hathaway
Insurance Group
Columbia Casualty Company
$19,762,000
-11%
-1%
CNA Insurance Companies
NORCAL Insurance Company
$16,941,000
50%
8%
ProAssurance Group
Ironshore Specialty Insurance Co $16,097,000 52% 41%
Liberty Mutual Insurance
Companies
American Casualty Company of
Reading, PA $15,149,000 35% 7% CNA Insurance Companies
Top 3 MGA/Wholesale Policy-Issuing Insurers
TDC Specialty Insurance Company $9,987,000 44% 8%
Doctors Company Insurance
Group
Evanston Insurance Company
$5,723,000
11%
30%
Markel Corporation Group
Applied Medico-Legal Solutions
RRG, Inc. $3,894,000 48% 31% ...
Top 3 Captive-Exclusive Policy-Issuing Insurers
Health Care Indemnity, Inc.
$9,759,000
42%
14%
...
Liberty Insurance Underwriters, Inc. $3,807,000 6% 7%
Liberty Mutual Insurance
Companies
Pharmacists Mutual Insurance
Company $2,330,000 39% 2%
Pharmacists Mutual
Insurance Group
Top 3 Direct Policy-Issuing Insurers
NCMIC Insurance Company
$5,145,000
43%
6%
NCMIC Group
Clinician Assurance Inc., a RRG
$3,823,000
45%
177%
...
Ophthalmic Mutual Insurance Co (A
RRG) $2,488,000 54% 5% ...
Top 3 Surplus Lines Policy Issuing Insurers
National Fire & Marine Insurance Co $35,232,000 53% 2%
Berkshire Hathaway
Insurance Group
Columbia Casualty Company
$19,762,000
-11%
-1%
CNA Insurance Companies
Ironshore Specialty Insurance Co $16,097,000 52% 41%
Liberty Mutual Insurance
Companies
Top Individual RRG
Emergency Capital Management, A
RRG, LLC $19,825,000 42% ...
Source: © A.M. Best Company — used by permission.
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 53 of 84
Multi-Peril Crop
ALL Direct Written Premium (DPW) Ind. Agent DPW
Exclusive Agents
DPW
Direct DPW Surplus Lines DPW
$1,350,263,000
$1,291,049,000
$3,499,000
$2,221,000
$0
Loss Ratio and Combined Ratio
Accuracy
IA+MGA+IA-Mixed
Penetration
Exclusive
Penetration
Direct Penetration Surplus Lines Utilization
100%
96%
0%
0%
0.0%
Active Affiliated and Unaffiliated
Insurers
IA+MGA+IA-Mixed
Insurers
Exclusive Insurers Direct Insurers Surplus Lines Insurers
14
11
1
1
0
1-Year / 5-Year Premium Growth: All
Premium
1-yr / 5-yr: IA+MGA+IA-
Mixed
1-yr / 5-yr:
Exclusive
1-yr / 5-yr: Direct 1-yr / 5-yr: Surplus Lines
30% / 10%
30% / 9%
-16% / -11%
267% / -29%
#DIV/0!
Top 5 Groups or Unaffiliated
Single(s) 2021 DPW
2021 Adj. Loss
Ratio
2020-2021 Growth
Rate
Group Name or ALL L.O.B.
DPW
Sompo Holdings US Group (G)
$610,228,000
86%
29%
N/A
Chubb INA Group (G)
$155,623,000
85%
30%
N/A
American International Group (G)
$120,972,000
106%
57%
N/A
Zurich Insurance US PC Group (G)
$107,219,000
76%
43%
N/A
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 54 of 84
Tokio Marine US PC Group (G)
$96,929,000
82%
8%
N/A
Total or Average
$1,350,266,000
94%
30%
N/A
Top 10 Pure Independent Agent-Broker Policy-Issuing Insurers
ACE Property and Casualty
Insurance Co $147,147,000 84% 29% Chubb INA Group
Producers Agriculture Insurance
Company $96,929,000 82% 8% Tokio Marine US PC Group
NAU Country Insurance Company $96,247,000 102% 40%
QBE North America Insurance
Group
Great American Insurance Company $36,393,000 395% 10%
Great American P & C
Insurance Group
Farmers Mutual Hail Insurance Co of
Iowa $15,990,000 59% 28% FMH Insurance Group
Top 3 MGA/Wholesale Policy-Issuing Insurers
Stratford Insurance Company
$120,972,000
106%
57%
American International Group
Rural Community Insurance
Company $107,219,000 76% 43% Zurich Insurance US PC Group
FMH Ag Risk Insurance Company
$30,406,000
46%
13%
FMH Insurance Group
Top 3 Captive-Exclusive Policy-Issuing Insurers
State Farm Fire and Casualty
Company $3,499,000 58% -16% State Farm Group
Top 3 Direct Policy-Issuing Insurers
American Agricultural Insurance
Company $2,221,000 85% 267% ...
Top 3 Surplus Lines Policy Issuing Insurers
Top Individual RRG
Source: © A.M. Best Company — used by permission.
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 55 of 84
Ocean Marine
ALL Direct Written Premium (DPW) Ind. Agent DPW
Exclusive Agents
DPW
Direct DPW Surplus Lines DPW
$391,396,000
$367,843,000
$8,733,000
$14,795,000
$9,503,000
Loss Ratio and Combined Ratio
Accuracy
IA+MGA+IA-Mixed
Penetration
Exclusive
Penetration
Direct Penetration Surplus Lines Utilization
100%
94%
2%
4%
2.4%
Active Affiliated and Unaffiliated
Insurers
IA+MGA+IA-Mixed
Insurers
Exclusive Insurers Direct Insurers Surplus Lines Insurers
88
78
3
6
9
1-Year / 5-Year Premium Growth: All
Premium
1-yr / 5-yr: IA+MGA+IA-
Mixed
1-yr / 5-yr:
Exclusive
1-yr / 5-yr: Direct 1-yr / 5-yr: Surplus Lines
21% / 11%
22% / 12%
7% / 9%
8% / -1%
24% / 6%
Top 5 Groups or Unaffiliated
Single(s) 2021 DPW
2021 Adj. Loss
Ratio
2020-2021 Growth
Rate
Group Name or ALL L.O.B.
DPW
American International Group (G)
$68,617,000
-17%
39%
N/A
Tokio Marine US PC Group (G)
$62,502,000
65%
41%
N/A
Starr International Group (G)
$20,355,000
132%
11%
N/A
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 56 of 84
Berkshire Hathaway Insurance
Group (G) $18,515,000 48% 0% N/A
Hartford Insurance Group (G)
$18,303,000
-9%
4%
N/A
Total or Average
$391,399,000
47%
21%
N/A
Top 10 Pure Independent Agent-Broker Policy-Issuing Insurers
National Union Fire Ins Co Pittsburgh
PA $61,462,000 32% 36% American International Group
Starr Indemnity & Liability Company
$20,355,000
132%
11%
Starr International Group
GEICO Marine Insurance Company $18,489,000 50% 1%
Berkshire Hathaway
Insurance Group
Navigators Insurance Company
$18,326,000
-8%
8%
Hartford Insurance Group
Ascot Insurance Company
$11,789,000
54%
36%
Ascot Insurance U.S. Group
Top 3 MGA/Wholesale Policy-Issuing Insurers
Houston Casualty Company
$48,513,000
44%
56%
Tokio Marine US PC Group
U.S. Specialty Insurance Company
$7,330,000
175%
10%
Tokio Marine US PC Group
Stratford Insurance Company
$4,726,000
19%
51%
American International Group
Top 3 Captive-Exclusive Policy-Issuing Insurers
Allstate Property and Casualty Ins Co
$7,974,000
71%
8%
Allstate Insurance Group
American National Property &
Casualty Co $436,000 60% 6%
American National Prop &
Cas Group
Allstate Insurance Company
$323,000
31%
-8%
Allstate Insurance Group
Top 3 Direct Policy-Issuing Insurers
Liberty Mutual Insurance Company $12,633,000 54% 4%
Liberty Mutual Insurance
Companies
Westport Insurance Corporation
$1,000,000
31%
161%
Swiss Reinsurance Group
Amica Mutual Insurance Company
$466,000
260%
7%
Amica Mutual Group
Top 3 Surplus Lines Policy Issuing Insurers
StarStone Specialty Insurance
Company $4,092,000 -32% -3%
Core Specialty Insurance
Group
Gotham Insurance Company
$3,406,000
-44%
33%
ProSight Specialty Group
North American Capacity Insurance
Co $1,425,000 50%
Swiss Reinsurance Group
Top Individual RRG
Source: © A.M. Best Company — used by permission.
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 57 of 84
Other Liability (Claims-made)
ALL Direct Written Premium (DPW) Ind. Agent DPW
Exclusive Agents
DPW
Direct DPW Surplus Lines DPW
$2,886,372,000
$2,682,446,000
$21,186,000
$88,781,000
$941,233,000
Loss Ratio and Combined Ratio
Accuracy
IA+MGA+IA-Mixed
Penetration
Exclusive
Penetration
Direct Penetration Surplus Lines Utilization
100%
93%
1%
3%
32.6%
Active Affiliated and Unaffiliated
Insurers
IA+MGA+IA-Mixed
Insurers
Exclusive Insurers Direct Insurers Surplus Lines Insurers
369
295
16
31
103
1-Year / 5-Year Premium Growth: All
Premium
1-yr / 5-yr: IA+MGA+IA-
Mixed
1-yr / 5-yr:
Exclusive
1-yr / 5-yr: Direct 1-yr / 5-yr: Surplus Lines
26% / 17%
26% / 17%
17% / -6%
29% / 15%
51% / 19%
Top 5 Groups or Unaffiliated
Single(s) 2021 DPW
2021 Adj. Loss
Ratio
2020-2021 Growth
Rate
Group Name or ALL L.O.B.
DPW
XL Reinsurance America Group (G)
$255,672,000
80%
31%
N/A
Chubb INA Group (G)
$249,948,000
18%
15%
N/A
American International Group (G)
$205,820,000
84%
4%
N/A
Fairfax Financial (USA) Group (G)
$155,102,000
36%
55%
N/A
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 58 of 84
CNA Insurance Companies (G)
$123,940,000
46%
27%
N/A
Total or Average
$2,886,375,000
58%
26%
N/A
Top 10 Pure Independent Agent-Broker Policy-Issuing Insurers
XL Specialty Insurance Company $165,704,000 89% 29%
XL Reinsurance America
Group
Federal Insurance Company
$117,510,000
7%
14%
Chubb INA Group
National Union Fire Ins Co Pittsburgh
PA $110,077,000 67% -1% American International Group
Travelers Casualty and Surety Co of
Amer $100,827,000 53% 15% Travelers Group
Continental Casualty Company
$92,011,000
47%
13%
CNA Insurance Companies
Top 3 MGA/Wholesale Policy-Issuing Insurers
U.S. Specialty Insurance Company
$47,963,000
34%
21%
Tokio Marine US PC Group
Houston Casualty Company
$34,046,000
54%
125%
Tokio Marine US PC Group
Evanston Insurance Company
$31,830,000
48%
36%
Markel Corporation Group
Top 3 Captive-Exclusive Policy-Issuing Insurers
Ironshore Indemnity Inc. $10,966,000 -29% -1%
Liberty Mutual Insurance
Companies
Federated Mutual Insurance
Company $2,147,000 15% -5% Federated Mutual Group
State Farm Fire and Casualty
Company $1,525,000 1% 5% State Farm Group
Top 3 Direct Policy-Issuing Insurers
Liberty Surplus Insurance
Corporation $34,765,000 72% 66%
Liberty Mutual Insurance
Companies
Texas Lawyers' Insurance Exchange
$21,540,000
45%
3%
...
ICI Mutual Insurance Company, a
RRG $5,522,000 1000% 7% ...
Top 3 Surplus Lines Policy Issuing Insurers
Indian Harbor Insurance Company $76,239,000 64% 43%
XL Reinsurance America
Group
Ironshore Specialty Insurance Co $61,862,000 96% 10%
Liberty Mutual Insurance
Companies
AIG Specialty Insurance Company
$57,552,000
59%
77%
American International Group
Top Individual RRG
Attorneys' Liab Assr Society Ltd., A
RRG $21,702,000 -10% -3% ...
Source: © A.M. Best Company — used by permission.
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 59 of 84
Other Liability (Occurrence)
ALL Direct Written Premium (DPW) Ind. Agent DPW
Exclusive Agents
DPW
Direct DPW Surplus Lines DPW
$5,492,076,000
$4,826,341,000
$230,385,000
$335,231,000
$2,182,157,000
Loss Ratio and Combined Ratio
Accuracy
IA+MGA+IA-Mixed
Penetration
Exclusive
Penetration
Direct Penetration Surplus Lines Utilization
100%
88%
4%
6%
39.7%
Active Affiliated and Unaffiliated
Insurers
IA+MGA+IA-Mixed
Insurers
Exclusive Insurers Direct Insurers Surplus Lines Insurers
576
459
37
49
124
1-Year / 5-Year Premium Growth: All
Premium
1-yr / 5-yr: IA+MGA+IA-
Mixed
1-yr / 5-yr:
Exclusive
1-yr / 5-yr: Direct 1-yr / 5-yr: Surplus Lines
20% / 12%
21% / 13%
9% / 6%
19% / 8%
24% / 16%
Top 5 Groups or Unaffiliated
Single(s) 2021 DPW
2021 Adj. Loss
Ratio
2020-2021 Growth
Rate
Group Name or ALL L.O.B.
DPW
Chubb INA Group (G)
$485,602,000
78%
53%
N/A
Liberty Mutual Insurance Companies
(G) $290,151,000 72% 9% N/A
Markel Corporation Group (G)
$262,175,000
35%
17%
N/A
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 60 of 84
Fairfax Financial (USA) Group (G)
$255,874,000
50%
15%
N/A
W. R. Berkley Insurance Group (G)
$249,722,000
72%
11%
N/A
Total or Average
$5,491,103,000
64%
20%
N/A
Top 10 Pure Independent Agent-Broker Policy-Issuing Insurers
Indemnity Insurance Co of North
America $137,440,000 47% 530% Chubb INA Group
Starr Indemnity & Liability Company
$118,258,000
79%
75%
Starr International Group
Travelers Property Casualty Co of
Amer $107,568,000 51% 11% Travelers Group
Crum & Forster Specialty Insurance
Co $103,152,000 45% 25% Fairfax Financial (USA) Group
James River Insurance Company
$102,233,000
67%
68%
James River Group
Top 3 MGA/Wholesale Policy-Issuing Insurers
Evanston Insurance Company
$169,111,000
36%
24%
Markel Corporation Group
United Specialty Insurance Company
$51,972,000
32%
-5%
Markel Corporation Group
Gemini Insurance Company $51,573,000 115% -2%
W. R. Berkley Insurance
Group
Top 3 Captive-Exclusive Policy-Issuing Insurers
State Farm Fire and Casualty
Company $55,003,000 79% 8% State Farm Group
Federated Mutual Insurance
Company $37,910,000 71% 17% Federated Mutual Group
Farmers Insurance Exchange
$25,346,000
36%
6%
Farmers Insurance Group
Top 3 Direct Policy-Issuing Insurers
Liberty Surplus Insurance
Corporation $47,349,000 63% 127%
Liberty Mutual Insurance
Companies
Caterpillar Insurance Company
$34,969,000
64%
1%
...
Liberty Insurance Corporation $32,476,000 137% 9%
Liberty Mutual Insurance
Companies
Top 3 Surplus Lines Policy Issuing Insurers
Evanston Insurance Company
$169,111,000
36%
24%
Markel Corporation Group
Crum & Forster Specialty Insurance
Co $103,152,000 45% 25% Fairfax Financial (USA) Group
James River Insurance Company
$102,233,000
67%
68%
James River Group
Top Individual RRG
United Educators Ins, a Reciprocal
RRG $7,477,000 33% 7% ...
Source: © A.M. Best Company — used by permission.
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 61 of 84
Private Crop
ALL Direct Written Premium (DPW) Ind. Agent DPW
Exclusive Agents
DPW
Direct DPW Surplus Lines DPW
$66,044,000
$65,385,000
$218,000
$0
$0
Loss Ratio and Combined Ratio
Accuracy
IA+MGA+IA-Mixed
Penetration
Exclusive
Penetration
Direct Penetration Surplus Lines Utilization
100%
99%
0%
0%
0.0%
Active Affiliated and Unaffiliated
Insurers
IA+MGA+IA-Mixed
Insurers
Exclusive Insurers Direct Insurers Surplus Lines Insurers
13
11
1
0
0
1-Year / 5-Year Premium Growth: All
Premium
1-yr / 5-yr: IA+MGA+IA-
Mixed
1-yr / 5-yr:
Exclusive
1-yr / 5-yr: Direct 1-yr / 5-yr: Surplus Lines
33% / 1%
34% / 3%
-26% / -2%
#DIV/0!
#DIV/0!
Top 5 Groups or Unaffiliated
Single(s) 2021 DPW
2021 Adj. Loss
Ratio
2020-2021 Growth
Rate
Group Name or ALL L.O.B.
DPW
Sompo Holdings US Group (G)
$19,758,000
91%
2%
N/A
Fairfax Financial (USA) Group (G)
$8,408,000
88%
63%
N/A
American International Group (G)
$8,201,000
148%
107%
N/A
Chubb INA Group (G)
$7,116,000
88%
36%
N/A
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 62 of 84
Zurich Insurance US PC Group (G)
$7,097,000
209%
72%
N/A
Total or Average
$66,045,000
110%
33%
N/A
Top 10 Pure Independent Agent-Broker Policy-Issuing Insurers
Hudson Insurance Company
$8,408,000
88%
63%
Fairfax Financial (USA) Group
ACE Property and Casualty
Insurance Co $6,817,000 92% 37% Chubb INA Group
Producers Lloyds Insurance
Company $5,602,000 88% 52% Tokio Marine US PC Group
NAU Country Insurance Company $4,937,000 114% 64%
QBE North America
Insurance Group
Farmers Mutual Hail Insurance Co of
Iowa $1,419,000 29% -19% FMH Insurance Group
Top 3 MGA/Wholesale Policy-Issuing Insurers
Stratford Insurance Company
$8,201,000
148%
107%
American International Group
Rural Community Insurance
Company $7,097,000 209% 72%
Zurich Insurance US PC
Group
FMH Ag Risk Insurance Company
$1,465,000
64%
-17%
FMH Insurance Group
Top 3 Captive-Exclusive Policy-Issuing Insurers
State Farm Fire and Casualty
Company $218,000 22% -26% State Farm Group
Top 3 Direct Policy-Issuing Insurers
Top 3 Surplus Lines Policy Issuing Insurers
Top Individual RRG
Source: © A.M. Best Company — used by permission.
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 63 of 84
Private Flood
ALL Direct Written Premium (DPW) Ind. Agent DPW
Exclusive Agents
DPW
Direct DPW Surplus Lines DPW
$99,513,000
$82,168,000
$20,000
$16,766,000
$47,256,000
Loss Ratio and Combined Ratio
Accuracy
IA+MGA+IA-Mixed
Penetration
Exclusive
Penetration
Direct Penetration Surplus Lines Utilization
100%
83%
0%
17%
47.5%
Active Affiliated and Unaffiliated
Insurers
IA+MGA+IA-Mixed
Insurers
Exclusive Insurers Direct Insurers Surplus Lines Insurers
88
77
1
8
26
1-Year / 5-Year Premium Growth: All
Premium
1-yr / 5-yr: IA+MGA+IA-
Mixed
1-yr / 5-yr:
Exclusive
1-yr / 5-yr: Direct 1-yr / 5-yr: Surplus Lines
60% / 17%
72% / 18%
100% / 111%
18% / 13%
56% / 45%
Top 5 Groups or Unaffiliated
Single(s) 2021 DPW
2021 Adj. Loss
Ratio
2020-2021 Growth
Rate
Group Name or ALL L.O.B.
DPW
Zurich Insurance US PC Group (G)
$13,137,000
4%
91%
N/A
American International Group (G)
$12,526,000
18%
227%
N/A
XL Reinsurance America Group (G)
$11,004,000
4%
46%
N/A
Assurant P&C Group (G)
$10,789,000
4%
22%
N/A
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 64 of 84
Berkshire Hathaway Insurance
Group (G) $7,947,000 10% 48% N/A
Total or Average
$99,511,000
8%
60%
N/A
Top 10 Pure Independent Agent-Broker Policy-Issuing Insurers
National Fire & Marine Insurance Co $7,515,000 9% 108%
Berkshire Hathaway
Insurance Group
Indian Harbor Insurance Company $6,343,000 8% 50%
XL Reinsurance America
Group
Arch Specialty Insurance Company
$5,674,000
4%
-4%
Arch Insurance Group
XL Insurance America, Inc. $4,660,000 -2% 42%
XL Reinsurance America
Group
Lexington Insurance Company
$4,530,000
17%
775%
American International Group
Top 3 MGA/Wholesale Policy-Issuing Insurers
Incline Casualty Company
$3,060,000
55%
27718%
Incline Insurance Group
Transverse Specialty Insurance
Company $2,650,000 48%
Transverse Insurance Group
Western World Insurance Company
$884,000
0%
-53%
American International Group
Top 3 Captive-Exclusive Policy-Issuing Insurers
American National Property &
Casualty Co $20,000 0% 100%
American National Prop &
Cas Group
Top 3 Direct Policy-Issuing Insurers
American Security Insurance
Company $6,220,000 2% 16% Assurant P&C Group
Voyager Indemnity Insurance
Company $4,569,000 6% 30% Assurant P&C Group
Westport Insurance Corporation
$3,493,000
68%
25%
Swiss Reinsurance Group
Top 3 Surplus Lines Policy Issuing Insurers
National Fire & Marine Insurance Co $7,515,000 9% 108%
Berkshire Hathaway
Insurance Group
Indian Harbor Insurance Company $6,343,000 8% 50%
XL Reinsurance America
Group
Arch Specialty Insurance Company
$5,674,000
4%
-4%
Arch Insurance Group
Top Individual RRG
Source: © A.M. Best Company — used by permission.
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 65 of 84
Products Liability
ALL Direct Written Premium (DPW) Ind. Agent DPW
Exclusive Agents
DPW
Direct DPW Surplus Lines DPW
$361,354,000
$339,512,000
$9,140,000
$9,781,000
$178,150,000
Loss Ratio and Combined Ratio
Accuracy
IA+MGA+IA-Mixed
Penetration
Exclusive
Penetration
Direct Penetration Surplus Lines Utilization
100%
94%
3%
3%
49.3%
Active Affiliated and Unaffiliated
Insurers
IA+MGA+IA-Mixed
Insurers
Exclusive Insurers Direct Insurers Surplus Lines Insurers
238
214
12
9
67
1-Year / 5-Year Premium Growth: All
Premium
1-yr / 5-yr: IA+MGA+IA-
Mixed
1-yr / 5-yr:
Exclusive
1-yr / 5-yr: Direct 1-yr / 5-yr: Surplus Lines
1% / 4%
2% / 6%
-3% / 4%
-22% / -10%
12% / 12%
Top 5 Groups or Unaffiliated
Single(s) 2021 DPW
2021 Adj. Loss
Ratio
2020-2021 Growth
Rate
Group Name or ALL L.O.B.
DPW
Fairfax Financial (USA) Group (G)
$35,481,000
47%
27%
N/A
Chubb INA Group (G)
$29,526,000
26%
1%
N/A
American International Group (G)
$24,505,000
77%
12%
N/A
Kinsale Insurance Company
$21,475,000
32%
47%
N/A
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 66 of 84
Great American P & C Insurance
Group (G) $18,266,000 55% 12% N/A
Total or Average
$361,360,000
46%
1%
N/A
Top 10 Pure Independent Agent-Broker Policy-Issuing Insurers
Crum & Forster Specialty Insurance
Co $33,483,000 36% 35% Fairfax Financial (USA) Group
Kinsale Insurance Company
$21,475,000
32%
47%
...
Lexington Insurance Company
$20,067,000
79%
23%
American International Group
Federal Insurance Company
$10,423,000
14%
-6%
Chubb INA Group
Mid-Continent Casualty Company $10,045,000 76% 23%
Great American P & C
Insurance Group
Top 3 MGA/Wholesale Policy-Issuing Insurers
Evanston Insurance Company
$6,055,000
96%
35%
Markel Corporation Group
Colony Insurance Company
$5,380,000
-36%
-19%
Argo Group
Gemini Insurance Company
$4,275,000
13%
31%
W. R. Berkley Insurance Group
Top 3 Captive-Exclusive Policy-Issuing Insurers
Federated Mutual Insurance
Company $3,036,000 10% -16% Federated Mutual Group
Sentry Insurance Company
$1,980,000
-40%
9%
Sentry Insurance Group
Sentry Select Insurance Company
$1,741,000
90%
37%
Sentry Insurance Group
Top 3 Direct Policy-Issuing Insurers
Liberty Mutual Fire Insurance
Company $4,729,000 88% -38%
Liberty Mutual Insurance
Companies
Nationwide Agribusiness Insurance
Co $1,478,000 -13% -21% Nationwide Group
LM Insurance Corporation $1,121,000 53% 67%
Liberty Mutual Insurance
Companies
Top 3 Surplus Lines Policy Issuing Insurers
Crum & Forster Specialty Insurance
Co $33,483,000 36% 35% Fairfax Financial (USA) Group
Kinsale Insurance Company
$21,475,000
32%
47%
...
Lexington Insurance Company
$20,067,000
79%
23%
American International Group
Top Individual RRG
STICO Mutual Insurance Company,
RRG $22,000 -13% -24% ...
Source: © A.M. Best Company — used by permission.
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 67 of 84
Surety
ALL Direct Written Premium (DPW) Ind. Agent DPW
Exclusive Agents
DPW
Direct DPW Surplus Lines DPW
$794,542,000
$677,697,000
$15,194,000
$72,635,000
$7,324,000
Loss Ratio and Combined Ratio
Accuracy
IA+MGA+IA-Mixed
Penetration
Exclusive
Penetration
Direct Penetration Surplus Lines Utilization
100%
85%
2%
9%
0.9%
Active Affiliated and Unaffiliated
Insurers
IA+MGA+IA-Mixed
Insurers
Exclusive Insurers Direct Insurers Surplus Lines Insurers
156
137
7
8
7
1-Year / 5-Year Premium Growth: All
Premium
1-yr / 5-yr: IA+MGA+IA-
Mixed
1-yr / 5-yr:
Exclusive
1-yr / 5-yr: Direct 1-yr / 5-yr: Surplus Lines
10% / 8%
9% / 7%
103% / 33%
-9% / 6%
242% / 206%
Top 5 Groups or Unaffiliated
Single(s) 2021 DPW
2021 Adj. Loss
Ratio
2020-2021 Growth
Rate
Group Name or ALL L.O.B.
DPW
Travelers Group (G)
$81,273,000
12%
-1%
N/A
Liberty Mutual Insurance Companies
(G) $76,354,000 0% -8% N/A
Chubb INA Group (G)
$58,337,000
1%
9%
N/A
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 68 of 84
CNA Insurance Companies (G)
$55,300,000
27%
5%
N/A
Zurich Insurance US PC Group (G)
$43,729,000
-9%
-11%
N/A
Total or Average
$794,540,000
32%
10%
N/A
Top 10 Pure Independent Agent-Broker Policy-Issuing Insurers
Travelers Casualty and Surety Co of
Amer $54,924,000 13% -8% Travelers Group
Federal Insurance Company
$39,060,000
3%
5%
Chubb INA Group
Hartford Fire Insurance Company
$36,505,000
45%
12%
Hartford Insurance Group
SureTec Insurance Company
$33,590,000
1%
14%
Markel Corporation Group
Travelers Casualty and Surety
Company $26,335,000 9% 19% Travelers Group
Top 3 MGA/Wholesale Policy-Issuing Insurers
U.S. Specialty Insurance Company
$24,476,000
35%
4%
Tokio Marine US PC Group
Harco National Insurance Company
$11,678,000
6%
34%
IAT Insurance Group
RLI Insurance Company
$9,855,000
533%
7%
RLI Group
Top 3 Captive-Exclusive Policy-Issuing Insurers
Nationwide Mutual Insurance
Company $8,108,000 18% 65% Nationwide Group
Euler Hermes North America
Insurance Co. $5,659,000 43% 283%
Allianz US PC Insurance
Companies
State Farm Fire and Casualty
Company $981,000 4% 18% State Farm Group
Top 3 Direct Policy-Issuing Insurers
Liberty Mutual Insurance Company $62,377,000 0% -10%
Liberty Mutual Insurance
Companies
Liberty Mutual Fire Insurance
Company $7,409,000 1% -2%
Liberty Mutual Insurance
Companies
Westport Insurance Corporation
$2,444,000
17%
-18%
Swiss Reinsurance Group
Top 3 Surplus Lines Policy Issuing Insurers
Canopius US Insurance, Inc.
$6,448,000
123%
225%
...
Accelerant Specialty Insurance
Company $748,000 34%
Accelerant US Holdings
Group
Scottsdale Insurance Company
$51,000
62%
Nationwide Group
Top Individual RRG
Source: © A.M. Best Company — used by permission.
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 69 of 84
Workers Compensation
ALL Direct Written Premium (DPW) Ind. Agent DPW
Exclusive Agents
DPW
Direct DPW Surplus Lines DPW
$2,227,165,000
$2,082,945,000
$47,170,000
$86,255,000
$0
Loss Ratio and Combined Ratio
Accuracy
IA+MGA+IA-Mixed
Penetration
Exclusive
Penetration
Direct Penetration Surplus Lines Utilization
100%
94%
2%
4%
0.0%
Active Affiliated and Unaffiliated
Insurers
IA+MGA+IA-Mixed
Insurers
Exclusive Insurers Direct Insurers Surplus Lines Insurers
313
269
17
18
0
1-Year / 5-Year Premium Growth: All
Premium
1-yr / 5-yr: IA+MGA+IA-
Mixed
1-yr / 5-yr:
Exclusive
1-yr / 5-yr: Direct 1-yr / 5-yr: Surplus Lines
0% / -1%
1% / -1%
5% / 1%
-27% / -6%
#DIV/0!
Top 5 Groups or Unaffiliated
Single(s) 2021 DPW
2021 Adj. Loss
Ratio
2020-2021 Growth
Rate
Group Name or ALL L.O.B.
DPW
Texas Mutual Insurance Company
$923,449,000
48%
0%
N/A
Travelers Group (G)
$119,911,000
18%
-12%
N/A
Hartford Insurance Group (G)
$119,451,000
56%
11%
N/A
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 70 of 84
Liberty Mutual Insurance Companies
(G) $101,321,000 34% -15% N/A
Zurich Insurance US PC Group (G)
$100,025,000
48%
0%
N/A
Total or Average
$2,227,172,000
44%
0%
N/A
Top 10 Pure Independent Agent-Broker Policy-Issuing Insurers
Texas Mutual Insurance Company
$923,449,000
48%
0%
...
ACE American Insurance Company
$32,663,000
12%
-7%
Chubb INA Group
Arch Insurance Company
$32,376,000
32%
65%
Arch Insurance Group
Hartford Underwriters Insurance
Company $29,095,000 89% 14% Hartford Insurance Group
Travelers Casualty and Surety
Company $27,856,000 20% -6% Travelers Group
Top 3 MGA/Wholesale Policy-Issuing Insurers
Markel Insurance Company
$10,988,000
39%
-2%
Markel Corporation Group
State National Insurance Company,
Inc. $4,699,000 47% 16% Markel Corporation Group
Benchmark Insurance Company
$4,611,000
12%
12%
Benchmark Insurance Group
Top 3 Captive-Exclusive Policy-Issuing Insurers
Federated Mutual Insurance
Company $10,165,000 38% -1% Federated Mutual Group
Fire Insurance Exchange
$6,628,000
43%
33%
Farmers Insurance Group
Sentry Insurance Company
$6,128,000
-37%
35%
Sentry Insurance Group
Top 3 Direct Policy-Issuing Insurers
Liberty Insurance Corporation $23,433,000 -45% -38%
Liberty Mutual Insurance
Companies
Liberty Mutual Fire Insurance
Company $19,168,000 118% -3%
Liberty Mutual Insurance
Companies
LM Insurance Corporation $16,018,000 4% -10%
Liberty Mutual Insurance
Companies
Top 3 Surplus Lines Policy Issuing Insurers
Top Individual RRG
Source: © A.M. Best Company — used by permission.
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 71 of 84
Appendix #1: All Lines of Business-Additional Details
2021 - Texas: All Lines of Business Additional Details
All P-C Lines of P-C Business
All Direct
Written
Premium
1-Year Loss
Ratio
5-Year Loss
Ratio
1-Year
Growth
5-Year
Growth
1-Year
Penetration
5-Year
Penetration
Accident & Health
525,726,000
66%
70%
-3%
-4%
68%
69%
Aggregate Write-ins
110,502,000
17%
41%
-1%
-4%
67%
66%
Aircraft (all perils)
254,888,000
76%
48%
10%
15%
98%
95%
All Commercial Auto
5,884,764,000
80%
77%
14%
21%
87%
84%
All Private Passenger Auto
23,624,573,000
74%
66%
3%
5%
39%
36%
Allied Perils Only
2,259,480,000
145%
123%
15%
14%
84%
81%
Boiler & Machinery
175,830,000
160%
91%
10%
10%
93%
93%
Burglary & Theft
51,462,000
52%
45%
18%
6%
92%
90%
Commercial Multi-Peril
3,699,096,000
114%
80%
8%
12%
84%
83%
Credit
369,608,000
38%
53%
8%
22%
61%
55%
Earthquake
50,991,000
9%
6%
18%
6%
93%
92%
Excess Workers' Comp
32,131,000
115%
73%
-5%
-22%
99%
97%
Farmowners Multi-Peril
393,575,000
82%
64%
5%
4%
25%
26%
Federal Flood
419,942,000
5%
457%
8%
6%
67%
65%
Fidelity
91,508,000
32%
51%
4%
4%
90%
89%
Financial Guaranty
42,719,000
0%
2%
26%
21%
0%
0%
Fire Peril Only
2,392,905,000
101%
71%
10%
16%
91%
89%
Homeowners Multi-Peril
11,864,713,000
105%
72%
8%
10%
48%
44%
Inland Marine
2,911,177,000
59%
63%
8%
13%
83%
82%
International
88,000
#REF!
#REF!
17%
100%
100%
Medical Malpractice
454,802,000
31%
35%
10%
14%
85%
88%
Mortgage Guaranty
514,002,000
5%
11%
7%
1%
16%
14%
Multi-Peril Crop
1,350,263,000
94%
111%
10%
30%
96%
97%
Ocean Marine
391,396,000
46%
61%
11%
21%
94%
93%
Other Liability (Claims-made)
2,886,372,000
58%
52%
17%
26%
93%
93%
Other Liability (Occurrence)
5,492,076,000
64%
66%
12%
20%
88%
87%
Private Crop
66,044,000
110%
126%
1%
33%
99%
97%
Private Flood
99,513,000
7%
324%
17%
60%
83%
80%
Products Liability
361,354,000
45%
42%
4%
1%
94%
91%
Surety
794,542,000
32%
21%
8%
10%
85%
87%
Warranty
501,303,000
59%
72%
6%
14%
83%
83%
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 72 of 84
Workers' Compensation
2,227,165,000
43%
46%
-1%
0%
94%
93%
Total (All Lines)
70,294,561,000
80%
71%
7%
11%
63%
60%
Source: © A.M. Best Company — used by permission. (Note: Independent Agent-focused lines of business
are bold and underlined, and the total for just those lines is provided in the last line of the compendium,
Total (IA-Focused Lines).
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 73 of 84
Appendix #2: Distribution Style Classifications
This P-C Marketplace Summary classifies insurers into distribution styles based on the insurer’s
reported marketing type(s). These marketing types are provided in what is known as a “Gallery
Report” and made available by A.M. Best as part of various insurer attributes in their Best’s Financial
Suite. Below are the various marketing types reported by insurers in 2021.
Marketing Types
• Affinity Group Marketing
• Bank
• Broker
• Career Agent
• Direct Response
• Exclusive/Captive Agent
• General Agent
• Inactive
• Independent Agency
• Internet
• Managing General Agent
• Not Available
• Other
• Other Agency
• Other Direct
• Worksite Marketing
The approach used by this P-C Marketplace Summary is take each insurer’s reported marketing type
and put data from that insurer into one of 6 distribution styles. Some insurer classifications are
obvious and straight forward. Others are less so. When insurers list multiple market types more
weight is given to the marketing type listed first that closest aligns to each distribution style. About
10% of insurers have “Not Available” for their listed marketing type. These insurers represent less
than 1% of all written premiums in 2021 and those insurers are categorized as “Other.”
Highlighted in the table below is All Distribution and then the 6 possible distribution styles used is this
summary: (1) Pure IA or Broker, (2) MGA/Wholesale, (3) IA-Mixed, (4) Exclusive-Captive, (5) Direct and
(6) Other. To arrive at figures generally for independent agent distribution, data from insurers
categorized as (1) Pure IA or Broker, (2) MGA/Wholesale and (3) IA-Mixed are combined. Other
industry analysis of distribution may vary in how distribution styles are categorized. Generally,
however, the results are similar to the approach taken in this report.
By controlling this distribution style classification for each insurer, flexibility is attained in providing
data that matches an independent agent’s view of the marketplace. It allows determination of
approximate penetrations of the distributions styles by line of business. It allows creating lists of
insurers by line of business for each distribution style. To provide examples of the classification
approach results, the top insurers in the in each distribution style are shown below under the heading
“Largest Insurers by Distribution Style”, with the reported marketing type and premiums in Texas.
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 74 of 84
Proprietary Premium Classifications by Line of Business
2021 - Texas: All Lines of Business Distribution Style - DPW (Premiums) in Millions of Dollars
Texas All P-C Lines of P-C
Business
All
Distribution
(1+2+3+4+5+6)
Pure IA or
Broker
DPW
(1)
MGA/
Wholesale
DPW
(2)
IA-Mixed
DPW
(3)
Exclusive-
Captive
DPW
(4)
Direct DPW
(5)
Other
(6)
Accident & Health
526
284
71
5
109
41
16
Aggregate Write-ins
111
20
54
0
11
25
1
Aircraft (all perils)
255
239
11
0
3
3
0
All Commercial Auto
5,885
3,019
733
1,342
434
287
69
All Private Passenger Auto
23,625
3,250
2,237
3,813
8,139
5,802
384
Allied Perils Only
2,259
1,492
243
167
125
177
55
Boiler & Machinery
176
100
1
62
4
9
0
Burglary & Theft
51
30
14
4
4
0
0
Commercial Multi-Peril
3,699
2,654
289
159
457
118
22
Credit
370
163
64
(0)
125
16
1
Earthquake
51
39
4
5
1
3
0
Excess Workers' Comp
32
32
(0)
0
0
0
0
Farmowners Multi-Peril
394
95
2
1
266
29
0
Federal Flood
420
145
134
0
101
39
0
Fidelity
92
77
4
2
1
7
1
Financial Guaranty
43
0
0
0
0
31
12
Fire Peril Only
2,393
1,741
230
212
112
81
17
Homeowners Multi-Peril
11,865
4,148
1,435
67
4,044
1,874
298
Inland Marine
2,911
1,825
446
146
348
136
9
International
0
0
0
0
0
0
0
Medical Malpractice
455
217
32
136
18
23
29
Mortgage Guaranty
514
82
0
0
0
279
152
Multi-Peril Crop
1,350
401
259
631
3
2
53
Ocean Marine
391
293
74
1
9
15
0
Other Liability (Claims-made)
2,886
2,416
230
37
21
89
94
Other Liability (Occurrence)
5,492
4,028
680
118
230
335
100
Private Crop
66
29
17
20
0
0
0
Private Flood
100
67
9
5
0
17
1
Products Liability
361
305
33
1
9
10
3
Surety
795
605
68
5
15
73
29
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 75 of 84
Warranty
501
377
36
2
64
21
2
Workers' Compensation
2,227
1,982
39
62
47
86
11
Total (All Lines)
70,295
30,156
7,449
7,002
14,700
9,628
1,360
Total (IA-Focused Lines)
68,231
29,230
7,223
6,996
14,392
9,214
1,176
Source: © A.M. Best Company — used by permission, and the Real Insurance Solutions Consulting
proprietary classification of policy issuing insurer based on reported “Marketing Types.”
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 76 of 84
Largest Insurers by Distribution Style
Top 10 Insurers Classified as IA or Broker - DPW (Premiums) in Millions of Dollars
Texas Policy-Issuing Insurers
Group
2021 DPW
Listed Marketing Type
Liberty County Mutual Insurance Company
Liberty Mutual Insurance Companies
1,055.4
Independent Agency
Allstate Vehicle and Property Ins Co
Allstate Insurance Group
1,044.8
Independent Agency
Texas Mutual Insurance Company
...
923.4
Independent Agency
Continental Casualty Company
CNA Insurance Companies
736.9
Independent Agency
National Union Fire Ins Co Pittsburgh PA
American International Group
521.6
Broker
Travelers Personal Insurance Company
Travelers Group
443.3
Independent Agency
ACE American Insurance Company
Chubb INA Group
423.5
Independent Agency
Wesco Insurance Company
AmTrust Group
415.2
Independent Agency
Federal Insurance Company
Chubb INA Group
373.4
Independent Agency
Germania Farm Mutual Insurance Assn
Germania Mutual Group
363.4
Independent Agency
Top 10 Insurers Classified as MGA/Wholesale - DPW (Premiums) in Millions of Dollars
Texas Policy-Issuing Insurers
Group
2021 DPW
Listed Marketing Type
Consumers County Mutual Insurance Co
...
517.2
Managing General Agent
Home State County Mutual Insurance Co
Home State Insurance Group
438.4
Managing General Agent
Redpoint County Mutual Insurance Company
...
384.0
Managing General Agent
Old American County Mutual Fire Ins Co
Old American Capital Group
326.7
Managing General Agent
Ohio Indemnity Company ... 322.3
Managing General Agent, Direct
Response
Loya Insurance Company
Loya Insurance Group
267.9
Managing General Agent
Evanston Insurance Company
Markel Corporation Group
259.0
Managing General Agent
Homeowners of America Insurance Company ... 258.1
Managing General Agent,
Independent Agency
Trisura Specialty Insurance Company
Trisura US Insurance Group
185.8
Managing General Agent
United Specialty Insurance Company
Markel Corporation Group
178.9
Managing General Agent
Top 10 Insurers Classified as IA-Mixed - DPW (Premiums) in Millions of Dollars
Texas Policy-Issuing Insurers
Group
2021 DPW
Listed Marketing Type
Progressive County Mutual Insurance Co Progressive Insurance Group 4,975.8
Independent Agency, Direct
Response
American Agri-Business Insurance Company
Sompo Holdings US Group
630.0
Other Agency
Factory Mutual Insurance Company
FM Global Group
304.3
Direct Response, Broker
United Financial Casualty Company Progressive Insurance Group 119.4
Independent Agency, Direct
Response
Church Mutual Insurance Company, S.I. Church Mutual Insurance Group 119.3
Direct Response, Independent
Agency
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 77 of 84
American Modern Property & Casualty Ins
Munich-American Holding Corp
Companies
105.7 Worksite Marketing
Affiliated FM Insurance Company
FM Global Group
77.8
Broker, Direct Response
Jefferson Insurance Company
Allianz US PC Insurance Companies
70.3
Internet, Independent Agency
Depositors Insurance Company Nationwide Group 68.7
Direct Response, Independent
Agency
Princeton Excess & Surplus Lines Ins Co
Munich-American Holding Corp
Companies
65.9 Affinity Group Marketing, Broker
Top 10 Insurers Classified as Exclusive-Captive - DPW (Premiums) in Millions of Dollars
Texas Policy-Issuing Insurers
Group
2021 DPW
Listed Marketing Type
State Farm Mutual Automobile Ins Co
State Farm Group
3,269.0
Exclusive/Captive Agent
State Farm Lloyds
State Farm Group
2,344.5
Exclusive/Captive Agent
Allstate Fire and Casualty Insurance Co
Allstate Insurance Group
2,199.1
Exclusive/Captive Agent
Farmers Texas County Mutual Insurance Co
Farmers Insurance Group
1,391.1
Exclusive/Captive Agent
Texas Farmers Insurance Company
Farmers Insurance Group
957.9
Exclusive/Captive Agent
Texas Farm Bureau Underwriters
Texas Farm Bureau Group
640.0
Exclusive/Captive Agent
Texas Farm Bureau Mutual Insurance Co
Texas Farm Bureau Group
535.8
Exclusive/Captive Agent
Allstate Indemnity Company
Allstate Insurance Group
415.6
Exclusive/Captive Agent
Allstate Texas Lloyd's
Allstate Insurance Group
282.1
Exclusive/Captive Agent
Nationwide Mutual Insurance Company
Nationwide Group
218.1
Exclusive/Captive Agent
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 78 of 84
Top 10 Insurers Classified as Direct - DPW (Premiums) in Millions of Dollars
Texas Policy-Issuing Insurers Group 2021 DPW Listed Marketing Type
GEICO County Mutual Insurance Company Berkshire Hathaway Insurance Group 2,525.1 Direct Response
United Services Automobile Association
USAA Group
1,155.3
Direct Response
USAA Casualty Insurance Company USAA Group 1,014.4 Direct Response
USAA General Indemnity Company USAA Group 659.4 Direct Response
Garrison Property and Casualty Ins Co USAA Group 552.8 Direct Response
Government Employees Insurance Company Berkshire Hathaway Insurance Group 290.4 Direct Response
Colonial County Mutual Insurance Company
Nationwide Group
266.8
Direct Response
Amica Mutual Insurance Company Amica Mutual Group 266.7 Direct Response
Liberty Insurance Corporation Liberty Mutual Insurance Companies 262.3 Direct Response
Liberty Mutual Fire Insurance Company Liberty Mutual Insurance Companies 193.9 Direct Response
Top 10 Insurers Classified as Other - DPW (Premiums) in Millions of Dollars
Texas Policy-Issuing Insurers Group 2021 DPW Listed Marketing Type
Auto Club County Mutual Insurance Co
Auto Club Enterprises Insurance
Group
380.6 General Agent, Direct Response
Auto Club Indemnity Company
Auto Club Enterprises Insurance
Group
146.1 General Agent, Direct Response
Essent Guaranty, Inc. Essent Guaranty Group 94.9 Not Available
Greenwich Insurance Company XL Reinsurance America Group 92.1 Not Available
American Risk Insurance Company ... 79.8 Not Available
Texas FAIR Plan Association
...
75.6
Not Available
Berkshire Hathaway Specialty Ins Co Berkshire Hathaway Insurance Group 65.4 Not Available
National Mortgage Insurance Corporation National Mortgage Insurance Group 55.1 Not Available
Cincinnati Specialty Underwriters Ins Co The Cincinnati Insurance Companies 36.6 Not Available
Endurance Assurance Corporation Sompo Holdings US Group 35.8 Not Available
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 79 of 84
Appendix #3: NAIC Line of Business Definitions
The National Association of Insurance Commissioners (NAIC) provides instructions to insurers for
completing the annual report. For reference, the below are definitions for lines of business taken
from an NAIC appendix.
Line-of-Business
(L.O.B. or
Combination)
NAIC Line
Numbers Definition
Aggregate Write-
ins
Line 34
Explained coverage written in that do not fit elsewhere.
Aircraft (all perils)
Line 22
Coverage for aircraft (hull) and their contents; aircraft owners’ and aircraft manufacturers’ liability to
passengers, airports and other third parties.
All Commercial
Auto
Lines
19.3+19.4+21.1
Commercial Auto No-Fault (Personal Injury Protection). Other Commercial Auto Passenger Liability
(Include-BI, PD, UM and UIM). Commercial Auto Physical Damage.
All Private
Passenger
Lines
19.1+19.2+21.1
Private Passenger Auto No-Fault (Personal Injury Protection). Other Private Passenger Auto Liability
(Include-BI/PD/UM and UIM). Private Passenger Auto Physical Damage.
Boiler & Machinery
Line 27
Coverage for the failure of boilers, machinery and electrical equipment. Benefits include: (i) property
of the insured that has been directly damaged by the accident. (ii) Costs of temporary repairs and
expediting expenses. (iii) Liability for damage to the property of others.
Burglary & Theft
Line 26
Coverage for property taken or destroyed by breaking and entering the insured’s premises, burglary
or theft, forgery or counterfeiting, fraud, kidnap and ransom, and off-premises exposure.
Commercial
Multiple Peril
Line 5
A contract for a commercial enterprise that packages two or more insurance coverages protecting
an enterprise from various property and liability risk exposures. Frequently includes fire, allied lines,
various other coverages (e.g., difference in conditions) and liability coverage (such coverages would
be included in other annual statement lines, if written individually). Include multi-peril policies (other
than farmowners, homeowners and automobile policies) that include coverage for liability other
than auto. (Builders’ Risk Policies, Businessowners, Commercial Package Policies, Manufacturers
Output Policies, e-Commerce and Difference-in-Conditions).
Credit
Line 28
Coverage purchased by consumers, manufacturers, merchants, educational institutions or other
providers of goods and services extending credit, for indemnification of losses or damages resulting
from the nonpayment of debts owed to/from them for goods or services provided in the normal
course of their business.
Excess Workers’
Compensation
Line 17.3
Indemnification coverage provided to self-insured employers on an excess of loss basis.
Farmowners
Multiperil
Line 4
A package policy for farming and ranching risks, similar to a homeowners policy, that has been
adopted for farms and ranches and includes both property and liability coverages for personal and
business losses. Coverages include farm dwellings and their contents, barns, stables, other farm
structures and farm inland marine, such as mobile equipment and livestock. A commercial package
policy for farming and ranching risks that includes both property and liability coverage. Coverage
includes barns, stables, other farm structures and farm inland marine, such as mobile equipment
and livestock.
Fidelity
Line 23
A bond covering an employer’s loss resulting from an employee’s dishonest act (e.g., loss of cash,
securities, valuables, etc.)
Financial Guaranty
Line 10
A surety bond, insurance policy, or when issued by an insurer, an indemnity contract and any
guaranty similar to the foregoing types, under which loss is payable upon proof of occurrence of
financial loss to an insured claimant, obligee or indemnitee as a result of failure to perform a
financial obligation (see Financial Guaranty Insurance Guideline (#1626)).
Fire & Allied Lines
Lines 1 + 2.1 +
2.2 + 2.3 + 12
Fire, Allied Lines, Multi-Peril Crop, Federal Flood, Private Crop, Private Flood and Earthquake (see
further descriptions of each under Fire & Allied Lines).
Homeowners
Multiperil
Line 3
A package policy combining broad property coverage for the personal property and/or structure
with broad personal liability coverage. Coverage applicable to the dwelling, appurtenant structures,
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 80 of 84
unscheduled personal property and additional living expense are typical. Includes mobile homes at
a fixed location. (Alternative Workers’ Compensation, Employers’ Liability and Standard Workers’
Compensation).
Inland Marine
Line 9
Coverage for property that may be in transit, held by a bailee, at a fixed location, a movable good
that is often at different locations (e.g., off-road construction equipment) or scheduled property (e.g.,
Homeowners Personal Property Floater), including items such as live animals, property with antique
or collector’s value, etc. This line also includes instrumentalities of transportation and
communication, such as bridges, tunnels, piers, wharves, docks, pipelines, power and phone lines,
and radio and television towers. (Animal Mortality, EDP Policies, Pet Insurance Plans, Communication
Equipment, Event Cancellation, Travel Coverage, Vehicle Excess Waiver, Boatowners, Other
Commercial Inland Marine, Other Personal Marine and Cash and Cash in Transit Insurance).
International
Line-29
Includes all business transacted outside the U.S. and its territories and possessions where the
appropriate line of business is not determinable
Medical
Professional
Liability
Line 11
Insurance coverage protecting a licensed health care provider or health care facility against legal
liability resulting from the death or injury of any person due to the insured’s misconduct, negligence,
or incompetence in rendering professional services. Medical Professional Liability is also known as
Medical Malpractice.
Mortgage
Guaranty
Line 6
Insurance that indemnifies a lender from loss if a borrower fails to meet required mortgage
payments.
Ocean Marine
Line 8
Coverage for ocean and inland water transportation exposures; goods or cargoes; ships or hulls;
earnings; and liability.
Other Liability
(Claims-made)
Line 17.2
Same as 17.1 but on a Claims-Made Basis. These policies cover insured events that are reported (as
defined in the policy) within the effective dates of the policy, subject to retroactive dates and
extended reporting periods when applicable.
Other Liability
(Occurrence)
Line 17.1
Occurrence Based: These policies cover insured events that occur within the effective dates of the
policy, regardless of when they are reported to the reporting entity. Insurance coverage protecting
the insured against legal liability resulting from negligence, carelessness or a failure to act, causing
property damage or personal injury to others. Typically, coverages include construction and
alteration liability; contingent liability; contractual liability; elevators and escalators liability; errors
and omissions liability, environmental pollution liability; excess stop loss, excess over insured or
self-insured amounts and umbrella liability; liquor liability; personal injury liability; premises and
operations liability; completed operations liability, nonmedical professional liability, etc. Also
includes indemnification coverage provided to self-insured employers on an excess of loss basis
(excess workers’ compensation). (Completed Operations, Construction Liability, Contingent Liability,
Contractual Liability, Elevators, Error and Omissions, Environmental Pollution, Excess and Umbrella,
Personal Liability, Premises and Operations, Excess Workers’ Compensation, Commercial General
Liability, Comprehensive Personal Liability, Day Care Centers, Directors and Officers, Employee
Benefit Liability, Employers’ Liability, Employment Practices, Fire Legal, Municipal Liability, Nuclear
Energy, Veterinarian, Internet Liability and Cyber Liability). Excludes excess workers’ compensation.
Products Liability
Line 18
Insurance coverage protecting the manufacturer, distributor, seller or lessor of a product against
legal liability resulting from a defective condition causing personal injury, or damage, to any
individual or entity, associated with the use of the product.
Surety
Line 24
A three–party agreement where the insurer agrees to pay a second party (the obligee) or make
complete an obligation in response to the default, acts or omissions of a third party (the principal).
Warranty
Line 30
Coverage that protects against manufacturer’s defects past the normal warranty period and for
repair after breakdown to return a product to its originally intended use. Warranty insurance
generally protects consumers from financial loss caused by the seller’s failure to rectify or
compensate for defective or incomplete work and cost of parts and labor necessary to restore a
product’s usefulness. Includes, but is not limited to, coverage for all obligations and liabilities
incurred by a service contract provider, mechanical breakdown insurance and service contracts
written by insurers. (Mechanical Breakdown and Service Contracts).
Workers
Compensation
Line 16
Insurance that covers an employer’s liability for injuries, disability or death to persons in their
employment, without regard to fault, as prescribed by state or Federal workers’ compensation laws
and other statutes. Includes employer’s liability coverage against the common law liability for
injuries to employees (as distinguished from the liability imposed by Workers’ Compensation Laws).
Excludes excess workers’ compensation.
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 81 of 84
Fire & Allied
Lines
Breakout
NAIC Line Numbers Definition
Fire Only
Line 1
Coverage protecting the insured against the loss to real or personal property from damage
caused by the peril of fire or lightning, including business interruption, loss of rents, etc.
Allied Lines
Line 2.1
Extended coverage; glass; tornado, windstorm and hail; sprinkler and water damage; explosion,
riot and civil commotion; rain; and damage from aircraft and vehicle.
Multi-Peril
Crop
Line 2.2
Insurance protection that is subsidized or reinsured by the Federal Crop Insurance Corporation
for protection against losses due to damage, decreases in revenues and/or gross margins from
crop, livestock and other agricultural-related production from unfavorable weather conditions,
drought, wind, frost, fire or lightning, flood, hail, insect infestation, disease or other yield-reducing
conditions or perils.
Federal Flood
Line 2.3
Coverage provided by the Federal Insurance Administration (FIA) of the Federal Emergency
Management Agency (FEMA) through insurers participating in the National Flood Insurance
Program’s (NFIP) Write Your Own (WYO) program. Coverage is subject to the terms and
conditions provided in the Financial Assistance/Subsidy Arrangement between the reporting
entity and the FIA.
Private Crop
Line 2.4
Private market coverage for crop insurance and agricultural-related protection, such as hail and
fire, and is not reinsured by the Federal Crop Ins
Private Flood
Line 2.5
Private market coverage (primary standalone, first dollar policies that cover the flood peril and
excess flood) for flood insurance that is not offered through the National Flood Insurance
Program. (Sewer/water backup coverage issued as an endorsement homeowners or
commercial policy.)
Earthquake
Line 12
Property coverages for losses resulting from a sudden trembling or shaking of the earth,
including that caused by volcanic eruption. Excluded are losses resulting from fire, explosion,
flood or tidal wave following the covered event.
Source: ©1984 –2019 National Association of Insurance Commissioners: Annual Statement Instructions
Property/Casualty-2019 Reporting Year
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 82 of 84
Appendix #4: Product Details Explanation
Below is an image of a sample Top Line of Business detail page. It is provided with notations (A-I) to
assist in understanding the components of the product details provided for each Line of Business.
2021 Texas P&C Marketplace Report
Independent Insurance Agents of Texas
May 2022
Page 83 of 84
P-C Insurance Industry Summary Provided by Real Insurance Solutions Consulting
This 2021 Texas P-C Marketplace Summary has provided the reader with both visual and numeric
presentations of the Texas P-C marketplace data, as a benefit of your membership with the
Independent Insurance Agents of Texas. All questions and comments, or need for further analysis,
are welcomed at the contact information below.
Real Insurance Solutions Consulting, LLC
Paul A. Buse, Principal
www.realinsurancesc.com
301-842-7472
