Who's winning America's fire insurance market? The data has some surprises.
Insurance Business America's new special report breaks down carrier-level performance across the fire insurance line, and underwriting discipline - not just market hardness - is separating the winners from the rest.
AXIS Capital Group is the standout: fire premiums grew 47.3% year-on-year in 2024, the fastest of any major carrier, while posting the best loss ratio in the table at 24.5%. Liberty Mutual delivered one of the sharpest turnarounds, improving its loss ratio from 63.1% to 34.3% in a single year while still growing premium 15%. Berkshire Hathaway, by contrast, pulled back deliberately - DPW fell 14.3% even as its loss ratio stayed a healthy 32.7%, signaling selective underwriting rather than distress.
Meanwhile Starr Group remains the market's largest carrier by premium at $2.25 billion, but its loss ratio climbing from 39.1% to 59.1% is one to watch heading into 2025.
Read the full report for the complete carrier rankings and five-year growth trends.
