The following are the top 10 insurance companies in the United States ranked by total assets. Prudential Financial Inc is the largest insurance company in the U.S. by assets and the second largest by net premiums written. With over 51,000 employees, it offers a wide suite of products and services including term and universal life insurance, health insurance, variable and fixed annuities, retirement plans, asset management, mutual funds and more. The company has about $4 trillion of gross life insurance in force globally.

Berkshire Hathaway Inc is the second-largest insurance company in the U.S. by assets. It provides a wide array of property & casualty insurance and reinsurance services through numerous subsidiaries. GEICO, the leading insurance subsidiary of Berkshire, is the second largest auto insurance company in the United States (after State Farm) with over 17 million auto policies in force and about 29 million insured vehicles.

Metlife, based in New York City, is the third-largest insurance company in the U.S. by assets. It provides life, dental, disability and property/casualty insurance, annuities, employee benefits, asset management and other services. MetLife’s shares are traded on the New York Stock Exchange under the ticker symbol MET, with a market capitalization of $33 billion as of June 30, 2020. The company was established in 1868 and employs about 48,000 people.

 Top 10 U.S. Insurance Companies by assets

Rank Company Total assets, US$b  Balance sheet
1 Prudential Financial 896.552 12/31/2019
2 Berkshire Hathaway 817.729 12/31/2019
3 Metlife 740.463 12/31/2019
4 American International Group 525.064 12/31/2019
5 New York Life 371.648 12/31/2019
6 Lincoln Financial Group 334.761 12/31/2019
7 TIAA 319.130 12/31/2019
8 Jackson National * 294.756 12/31/2019
9 Northwestern Mutual 290.318 12/31/2019
10 John Hancock Life Insurance ** 289.896 12/31/2019

* Jackson National Life Insurance Company is a subsidiary of UK insurer Prudential plc.
** John Hancock Life Insurance Company (USA) or JHUSA is a division of Manulife Financial Corporation, a Canadian company.

Top U.S. Insurance Companies by market capitalization

The following table shows the largest U.S. insurance companies based on market capitalization as of June 4, 2020.

Rank Company Market capitalization, US$b
1 Berkshire Hathaway Inc 466.55
2 Cigna Corporation 74.68
3 Anthem Inc 71.12
4 Progressive Corp 46.12
5 Metlife 35.71
6 Allstate Corp 32.00
7 American International Group 30.33
8 Travelers Companies 29.84
9 Aflac Inc 28.22
10 Prudential Financial 25.86

Top U.S. Life Insurance Companies

Here are the top life insurance companies in the U.S. ranked by direct premiums written.

Rank  Company  Direct premiums written, US$b
1 MetLife 95.079
2 Prudential Financial 56.206
3 Equitable Holdings 44.721
4 New York Life 33.425
5 MassMutual 30.375
6 Lincoln National Corp 28.472
7 Principal Financial Group 27.038
8 American International Group 25.684
9 Jackson National Life 23.057
10 Transamerica 22.360

Top U.S. Property & Casualty Insurance Companies

Here are the top 10 U.S. property/casualty insurance companies ranked by direct premiums written.

Rank Company Direct premiums written, US$b
1 State Farm Mutual 65.615
2 Berkshire Hathaway 46.107
3 Progressive Corp 39.223
4 Liberty Mutual 35.600
5 Allstate Corp 35.026
6 Travelers Companies 28.017
7 USAA 23.483
8 Chubb Ltd 23.388
9 Farmers Insurance Group 20.644
10 Nationwide Group 18.442