Philadelphia Insurance Companies (PHLY) is a property & casualty (P&C) and professional liability insurer for niche markets in the US. The Bala Cynwyd, PA-based firm has more than 2,100 employees strategically located across the country. PHLY has grown into a countrywide specialist insurance juggernaut, covering over 120 niche business markets from 50 offices across the US. As part of Tokio Marine Group, it has maintained an A++ rating from A.M. Best since 2011, and it is one of the leading insurers of non-profit organizations.
Website: phly.com
Founder: James J. Maguire, Sr.
Company type: Property & casualty and professional liability insurer; member of Tokio Marine Group
Regions served: United States, from 50 offices across the US
What does PHLY offer?
PHLY offers specialized insurance products in over 120 niche markets. Its offering spans:
- commercial lines, including human services and non-profit organizations, agribusiness, habitational/real estate, recreation & entertainment, health & fitness, sports, public services, education, outdoor products, and commercial auto
- management & professional liability
- business owners policy (BOP)
- excess & surplus lines
- commercial flood
- surety bonds
- accident & health
- environmental
PHLY goes to market through multiple distribution channels, including preferred producers, fire-marked producers, independent insurance producers, wholesalers, and direct online sales.
The Pennsylvania-based company prides itself on being a "fun" place to work that also prioritizes employee wellness. It is always looking for fresh talent and has demonstrated its support for future generations of insurance professionals through robust professional development for existing employees and an award-winning Summer Associates Program, a 10-week internship experience for college students. The Philadelphia Inquirer named PHLY one of Top Workplaces in Philadelphia for the 16th consecutive year in 2025, and it has been named one of the "Best Places to Work in Insurance" since 2010.
Those who join TEAMPHLY get access to a number of perks, including educational incentives (tuition reimbursement, industry designations, certification programs etc.), investment benefits (401K plan), medical benefits, and other voluntary benefits (wellness programs, critical illness & accident plans, parental leave, and so on).
PHLY in the market
PHLY's 2025 results reflect the scale and underwriting strength of its specialty insurance business. The company generated approximately $5 billion in gross written premium while posting a 92.6% combined ratio, demonstrating disciplined performance across its diverse portfolio of niche markets.
The company started as Maguire Insurance Agency in 1962 as a provider of specialty insurance for the automobile industry. Philadelphia Consolidated Holding Corporation was formed in 1980 and today owns several subsidiaries, including PHLY Insurance Services, Inc. (formerly Maguire Insurance Agency, Inc.), Tokio Marine Specialty Insurance Company (a surplus lines insurer), and Philadelphia Indemnity Insurance Company (PHLY's flagship P&C insurer). The firm began operating as Philadelphia Insurance Companies (PHLY) in 1987 and started introducing new insurance products. PHLY went public in 1993.
PHLY has been a member of Tokio Marine Group since 2008. As part of Japan's oldest property and casualty insurer and one of the world's largest insurance groups, PHLY combines the reach and financial strength of a global organization with specialized underwriting expertise in the US. This backing supports PHLY's long-term stability, and the company has maintained an A++ rating from A.M. Best since 2011.
In December 2008, PHLY reached a major milestone when it joined Tokio Marine Group in a transaction that was among the largest acquisitions by a Japanese financial institution at the time. The combination connected PHLY's specialty insurance expertise and US distribution network with the global scale and financial strength of Tokio Marine Group.
PHLY is not only one of the leading insurers of non-profit organizations; it's also a major philanthropic supporter. In 2025, PHLY employees completed over 24,000 volunteer hours, and the company contributed more than $12 million dollars to charitable causes and organizations. PHLY and its employees have completed over 150,000 volunteer hours since 2016. Employees are offered paid time off to volunteer with organizations across the country.
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