Independence Pet remains No. 3 in U.S. pet insurance as premiums jump 79.9%
The U.S. pet insurance market continues to expand in 2025, with leading writers posting higher premium volumes and shifting market shares. Independence Pet Insurance Group strengthens its position among the top three providers as direct premiums written reach $884.1 million.
Highlights
- Independence Pet Insurance Group's direct premiums written surged 79.9% to $884.1 million in 2025, raising market share from 10.6% to 16.2%.
- Nationwide P&C Group's direct premiums written declined 6.4%, dropping market share from 21.9% in 2024 to 17.5% in 2025, narrowing the lead over Independence Pet.
- U.S. pet insurance plan writers grew direct premiums written 17.3% to $5.47 billion in 2025, with broad ranking shifts below the top six amid intensified competition.
2025 rankings show sharp premium growth
As reported by AM Best, Independence Pet Insurance Group remains the third-largest writer of pet insurance plans in 2025 after increasing direct premiums written by 79.9% to $884.1 million.The company lifts its market share to 16.2% from 10.6% a year earlier, reducing the gap with second-ranked Nationwide P&C Group. Nationwide's premiums decline 6.4%, and its market share falls to 17.5% from 21.9% in 2024.
Trupanion Insurance Group keeps the top position, with direct premiums written rising 11.7% to $1.22 billion. None of the six largest pet insurance plan writers changes position in the rankings, although movement remains widespread across the rest of the field.
Broader market activity in U.S. pet insurance
Across the sector, U.S. pet insurance plan writers increase direct premiums written by 17.3% last year to $5.47 billion, underscoring continued expansion in the line.AM Best says 20 of the 21 remaining top writers outside the top six either move up or down in the rankings, pointing to a competitive market below the leading group. The rankings include 2025 direct premiums written, two years of market share and adjusted loss ratios, percentage change, and the line's share of company premiums.
Our earlier article on the International Takaful Summit in London outlined AM Best’s role as both a speaker and sponsor at the 2026 event. We noted the agenda’s focus on sustainability, climate risk, digitalization, and inclusive protection, including how these themes shape resilience and growth opportunities across takaful and retakaful markets.
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