In the United States, State Farm Insurance was the largest property and casualty insurance company in terms of revenues in 2017. It also topped the list of leading P/C insurers with regards to the value of direct premiums written. In total, the value of gross premiums written by the U.S. property and casualty insurance sector amounted to approximately 642.48 billion U.S. dollars in 2017. In 2017, 39.8 percent of the U.S. P&C premiums were written by private passenger auto insurance companies.
Losses incurred by insurance companies have been increasing in recent years, which means that insurers have paid out more money in claims than they used to. This trend has affected auto insurance and homeowners insurance providers. The U.S. property and casualty sector employed about 650 thousand people in 2017. This number has fluctuated over the past decade, but appears to be on the rise since 2014.