Here is our ranking of the largest and best insurance companies in America in terms of total assets. The U.S. insurance market is the largest in the world. There are approximately 5,900 insurance companies in the United States including about 2,500 property/casualty insurers and 1,750 life/health insurers. The companies generated more than $1.2 trillion of net premiums written in the last year. Prudential Financial Inc (NYSE: PRU), headquartered in Newark, New Jersey, is the largest insurance company in the United States with $874 billion in assets, $1.38 trillion in funds under management, $4 trillion of gross life insurance in force and over 50,000 employees. It is also the second largest U.S. insurer by net premiums written. It offers a wide array of products and services including term life and universal life insurance, variable and fixed annuities as well as pension, retirement and investment products. Metlife, based in New York City, is the second-largest insurance company in the country by assets and the largest by direct premiums. In 2018, it generated total revenue of $68 billion including $44 billion in premiums. As of June 17, 2019, it had a market capitalization of $46 billion.
|Rank||Insurance Company||Total assets, US$b||Balance sheet|
|3||American International Group||512.922||03/31/2019|
|4||Lincoln Financial Group||322.259||06/30/2019|
|6||New York Life||311.460||12/31/2018|
|7||John Hancock Life *||284.686||06/30/2019|
|10||Principal Financial Group||267.918||06/30/2019|
|11||Jackson National **||257.704||12/31/2018|
|13||Nationwide Mutual Insurance Company||236.092||12/31/2018|
|14||AXA Equitable Holdings Inc||232.819||03/31/2019|
|18||Allianz Life ****||159.800||12/31/2018|
|19||United Services Automobile Association||158.507||12/31/2018|
|22||Liberty Mutual Insurance||131.952||06/30/2019|
|26||Thrivent Financial for Lutherans||94.483||12/31/2018|
|27||Protective Life Corp *****||89.939||12/31/2018|
|29||Guardian Life Insurance Co of America||75.542||12/31/2018|
|30||Reinsurance Group of America||72.044||06/30/2019|
|31||Hartford Financial Services Group||69.472||06/30/2019|
|32||American Financial Group||67.697||06/30/2019|
|33||American Equity Investment Life||66.371||06/30/2019|
|35||CNA Financial Corp||59.963||06/30/2019|
|36||Securian Financial Group||51.888||12/31/2018|
|37||Symetra Financial ******||51.632||03/31/2019|
|38||Western & Southern Financial||51.600||12/31/2018|
|40||Mutual of Omaha||43.913||12/31/2018|
|41||OneAmerica Financial Partners||42.991||12/31/2018|
|43||Ohio National Mutual Holdings||39.179||12/31/2018|
|45||Penn Mutual Life Insurance||33.164||12/31/2018|
|46||CNO Financial Group||32.716||06/30/2019|
|48||NLV Financial Corporation||32.214||03/31/2019|
|50||StanCorp Financial Group ********||30.160||12/31/2018|
|51||American National Insurance Company||27.964||06/30/2019|
|52||American Family Insurance (AmFam)||27.503||12/31/2018|
* John Hancock Life Insurance Company (USA) or JHUSA is a division of Manulife Financial Corporation, a Canadian company.
** Jackson National Life Insurance Company is a division of UK insurer Prudential plc.
*** Transamerica Corporation is a wholly owned subsidiary of the Netherlands-based Aegon N.V.
**** Allianz Life Insurance Company of North America, based in Golden Valley, Minneapolis, Minnesota, is a subsidiary of German-based Allianz SE.
***** Protective Life Corporation, headquartered in Birmingham, Alabama, is a wholly owned U.S. subsidiary of Dai-ichi Life Holdings Inc.
****** Symetra Financial Corporation, located in Bellevue, Washington, operates as a subsidiary of Sumitomo Life Insurance Company.
******* GEICO (Government Employees Insurance Company), located in Chevy Chase, Maryland, is a wholly owned subsidiary of Warren Buffett led conglomerate Berkshire Hathaway.
******** StanCorp Financial Group Inc, headquartered in Portland, Oregon, is a subsidiary of Japan-based Meiji Yasuda Life Insurance Company.
Updated on August 8, 2019.