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By: Hemanth Ramesh August, 23, 2019

Gavop analyzed data from a market share report published by the National Association of Insurance Commissioners (NAIC) in 2019 to identify the top 5 insurance firms providing multi-peril homeowners insurance in Missouri on the basis of their market share.

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State Farm

State Farm is the largest provider of multi-peril homeowners insurance in Missouri with a 25.29% market share. State Farm records about $538,715 in direct premiums written and about $528,681 in direct premiums earned. AM Best awarded State Farm the highest possible rating of A++ for their superior ability to meet their ongoing insurance obligations.

American Family

American family is the second largest provider of multi-peril homeowners insurance policy in Missouri with a market share of 15.28%. American Family reports about $325,500 in direct premiums written and $316,779 is direct premiums earned. AM Best assigned  American Family an A rating for their excellent financial ability to meet their current insurance obligations.

Liberty Mutual

Liberty Mutual holds an 8.64% market share in the multi-peril homeowners’ insurance segment in Missouri. In 2018, the firm reported about $184,065 in direct premiums written and about $183,564 in direct premiums earned. Further, it received an A rating by AM Best for their excellent ability to fulfill their ongoing insurance obligations.

Farmers

Farmers hold a 7.59% market share in the multi-peril homeowner's insurance segment in Missouri. In 2018, Farmers recorded about $161,728 in direct premiums written and about $160,980 in direct premiums earned. AM Best awarded Farmers Insurance an A rating for their excellent financial ability to meet their current insurance obligations.

Shelter

With a 5.05% market share, Shelter Insurance is another major player in the multi-peril homeowner's insurance segment in Missouri. In 2018, Shelter reported about $107,636 in direct premiums written and about $104,806 in direct premiums earned. AM Best gave Shelter an A rating for their excellent financial ability to meet their ongoing insurance obligations.


ABOUT THE AUTHOR

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Hemanth Ramesh

Hemanth Ramesh works as a writer for Gavop. He has previously written content for film promotions, start-ups, advertising agencies and event management firms. Hemanth Ramesh completed his MA in Journalism and Mass Communication from The English and Foreign Languages University. His other passion includes script writing.

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