List of largest insurance companies in the United States

The United States is home to the largest insurance market in the world. It is also one of the most sophisticated. Indeed, American innovation has fueled the development of many leading-edge products and risk management strategies.

In this article, we are going to see the list of the largest insurance companies in the United States by total assets, market capitalization, premiums collected and market shares. Let’s see now which are the 10 largest US insurance companies.

Following are the 10 largest insurance companies in the US ranked by total assets.

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

The table shows the largest U.S. insurance companies based on market capitalization as of August 20, 2021.

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

Here are the top life insurance companies in the US based on 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 & 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

The 10 largest US auto insurance companies by market share are:

  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 this work are expressed in billions of USD for all the insurance companies. The total assets have been extracted from the financial statements of 30/06/2021 for Prudential Financial, Berkshire Hathaway, Metlife, American International Group, Lincoln Financial Group and John Hancock Life, and from the financial statements of 31/12/2020 for TIAA, New York Life, Jackson National Life, MassMutual. The market capitalization have been collected from the main economic and financial sites on 20/08/2021, instead the amount of premiums collected and market share, have been collected from the main economic and financial sites on 30/06/2021.

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