State Farm has maintained its dominance in the US homeowners insurance space, holding firm on its position as the leading market share holder in the third quarter despite grappling with its highest loss ratio in almost six years.
According to analysis by S&P Global Market Intelligence, State Farm saw a 9.6% year-over-year surge in direct written premiums to $7.52 billion during the period. This allowed it to secure an 18% market share, besting the country’s other top insurers.
