Top 10 largest US insurance companies

The insurance sector has a significant weight in the US economy, thus directly and indirectly influencing the trend of GDP. US insurance companies play an important role not only in the country’s economy, but also globally through risk management.

Considering, therefore, the importance that they have, in this work the ranking of US insurance companies will be presented on the basis of assets, market capitalization, premiums collected and market shares.

Below are the 10 US largest insurance companies by total assets. At the top of the list is Prudential Financial with USD 926 billion, followed by Berkshire Hathaway with USD 912 billion and Metlife with USD 773 billion.

RankCompanyTotal assets
1Prudential Financial926
2Berkshire Hathaway912
3Metlife773
4TIAA654
5American International Group523
6New York Life359
7Lincoln Financial Group364
8Jackson National Life329
9MassMutual323
10John Hancock Life322

If, on the other hand, we refer to market capitalization, at the top of the ranking of the largest insurance companies in the USA is Berkshire Hathaway with 646 billion USD, followed by UnitedHealth Group with 394 billion USD and Anthem Inc with 91 billion USD.

RankCompanyMarket cap.
1Berkshire Hathaway646
2UnitedHealth Group394
3Anthem Inc91
4Cigna Corporation70
5Progressive Corp56
6Humana53
7Metlife52
8American International Group46
9Prudential Financial41
10Allstate Corp40

Below are the largest US life insurance companies in in terms of direct premiums written:

  1. MetLife
  2. Equitable Holdings
  3. Prudential Financial
  4. New York Life
  5. MassMutual
  6. Principal Financial Group
  7. Lincoln National Corp
  8. Western & Southern Financial Group
  9. Transamerica
  10. American International Group

Below are the largest US property and casualty insurance companies in terms of direct premiums written:

  1. State Farm Mutual
  2. Berkshire Hathaway
  3. Progressive Corporation
  4. Allstate Corp
  5. Liberty Mutual
  6. Travelers Companies
  7. USAA
  8. Chubb Limited
  9. Farmers Insurance Group
  10. Nationwide Mutual Group

Below are the largest US auto insurance companies by market share:

  1. State Farm
  2. Geico
  3. Progressive
  4. Allstate
  5. USAA
  6. Liberty Mutual
  7. Farmers Insurance Group
  8. Nationwide
  9. American Family
  10. Travelers

The data used, in the rankings of US insurance companies by total assets, market capitalization, amount of premiums collected and market share, were collected from the main financial sites. The data of total assets are expressed in billions of USD for all insurance companies and refers to 30/06/2021 for Prudential Financial, Berkshire Hathaway, Metlife, American International Group, Lincoln Financial Group and John Hancock Life, instead, refers to 31/12/2020 for TIAA, New York Life, Jackson National Life, MassMutual. Regarding the market capitalization, the data are expressed in billions of USD and refers to 20/08/2021 for all insurance companies. Finally, in the case of the amount of premiums collected and market shares, the data refers to 30/06/2021 for all insurance companies.

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