P&C Market Ascends to More Than $4B

by Mark Friedman  on Monday, Oct. 22, 2012 12:00 am  

Little Rocks’ Stephens Insurance Inc., a subsidiary of Stephens Inc., saw its premium rise 12.4 percent in 2011 to $401.6 million.

The top five agencies retained their positions this year. Meadors Adams & Lee Inc. of Little Rock climbed two spots to the No. 6 slot after its total premium increased 11.2 percent to $45.03 million.

Total premium for the Legacy Capital Group of Little Rock slipped slightly from $46.6 million in 2010 to $42.5 million this year. Still, it remained in the No. 7 position.

Harold Campbell Co. of Camden returns to the list this year after failing to submit its numbers in 2011. With offices

in El Dorado, Hampton, Magnolia, Morrilton, Pine Bluff, Russellville and Stamps, Harold reported $25.8 million in total premium, good enough for No. 9 on this year’s list and a two-year increase of 27.7 percent.

P&C Companies

Arkansas Business’ list of property and casualty companies ranks insurance firms with headquarters in and outside Arkansas by the amount of premium written in Arkansas in 2011 based on figures on file with the Arkansas Insurance Department.

Of the 35 companies on the list, only one, Farm Bureau Mutual Insurance Co. of Arkansas Inc., has its national headquarters in Arkansas.

The No. 1 firm was once again State Farm Insurance of Bloomington, Ill. State Farm and its subsidiaries reported an increase in Arkansas premium of 1.63 percent, to $562.58 million, more than the No. 2 and No. 3 carriers combined in 2011.

Farmers Insurance Co. Inc. of Los Angeles is barely hanging onto the No. 2 slot with $233.71 million in Arkansas premium, which was slightly up from the $232.79 million it had in 2010.

Farm Bureau Mutual Insurance climbed into No. 3 with $231.84 million in premium, up 5.3 percent from 2010.

Travelers Insurance Cos. of St. Paul, Minn., moved up one slot to No. 6. It reported $178.11 million in Arkansas premium last year, up from $174.16 million in 2010.

 

 

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