Property and Casualty Insurance Premiums Rose in 2026
U.S. households saw industry net premiums reach $502.94 billion during the first half of the year.
Updated on Oct. 2, 2026 in Insurance
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Total U.S. property and casualty net premiums written grew by 1.7% to reach $502.94 billion during the first half of 2026. This industry growth reflects the combined activity of major insurers serving policyholders across the nation.
Why it matters
The steady growth in premiums written underscores the increasing costs of coverage for U.S. households, as insurance companies adjust their revenue targets to address broader market conditions. This trend tracks the ongoing financial commitments required for property and liability protection.
Industry net premiums totaled $502.94 billion in the first half of 2026, marking a 1.7% increase. Individual insurer performance varied, with American International Group reporting 14.4% growth while Everest Re US Group premiums dropped 21.4%.
The players
State Farm Group
The largest U.S. property and casualty insurer by net premiums, providing home and auto coverage to millions of households.
Progressive Insurance Group
A major provider of auto and specialty insurance products known for competitive premium adjustments.
Allstate Insurance Group
A national insurer offering home, auto, and life coverage options to individual policyholders.
The details
Net premiums written represent the amount of premium revenue an insurer collects after accounting for reinsurance costs, serving as a primary indicator of industry scale. As these figures rise, they typically flow down to households through higher renewal rates for home and auto coverage. Insurers like State Farm Group, which led the industry with $57.10 billion in premiums, and Progressive Insurance Group, which saw a 5.8% increase, remain the largest collectors of these household funds.
Timeline
Growth figures cover the first half of 2026.
Money Landscape
The 1.7% growth in net premiums follows the established trends observed in the 2026 Best's Financial Suite industry report. This reflects a period of sustained pressure on policy costs within the competitive insurance market.
As industry premiums rise, homeowners and drivers should expect potential adjustments in their own policy renewal statements. Consult with a qualified insurance professional to review your current coverage limits and identify potential opportunities for premium savings.
The takeaway
The insurance industry continues to see aggregate growth in the premiums collected from policyholders. Keep a record of your policy renewal date and compare it against your annual budget to prepare for potential rate changes in your upcoming billing cycle.
Further reading
For more on managing your coverage costs, visit our Insurance section.
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Do you feel that insurance premiums are becoming more expensive for your household this year?
