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 last year. Here is our ranking of the largest and best insurance companies in America in terms of total assets. Prudential Financial Inc (NYSE: PRU), headquartered in Newark, New Jersey, is the largest insurance company in the United States with $815 billion in assets, $1.38 trillion in funds under management, $4 trillion in 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 nation by assets and the largest by direct premiums. In 2018, the company generated total revenue of $67.9 billion including premiums of $44 billion. As of June 17, 2019, it had a market capitalization of $46 billion.
|Rank||Insurance Company||Total assets, US$b||Balance sheet|
|1||Prudential Financial plc||815.078||12/31/2018|
|3||American International Group||491.984||12/31/2018|
|4||New York Life||311.460||12/31/2018|
|6||Lincoln National Corp||299.336||12/31/2018|
|9||Jackson National **||264.900||06/30/2018|
|10||John Hancock *||264.835||12/31/2018|
|13||Nationwide Mutual Insurance||236.092||12/31/2018|
|15||Aegon Americas (Transamerica)||212.451||12/31/2018|
|17||Pacific Mutual Holding Company||157.699||12/31/2018|
|19||United Services Automobile Association||155.391||12/31/2017|
|22||Liberty Mutual Holding Company||125.989||12/31/2018|
|26||Thrivent Financial for Lutherans||95.001||12/31/2017|
|27||Protective Life Corp ***||89.939||12/31/2018|
|28||Guardian Life Insurance Company of America||75.038||12/31/2017|
|29||Reinsurance Group of America||64.535||12/31/2018|
|30||American Financial Group||63.963||12/31/2018|
|31||American Equity Investment Life||63.065||12/31/2018|
|34||CNA Financial Corp||57.344||12/31/2018|
|35||Securian Financial Group||51.888||12/31/2018|
|36||Western & Southern Financial||51.600||12/31/2018|
|37||Symetra Financial Corp ****||49.263||12/31/2018|
|39||OneAmerica Financial Partners||43.297||12/31/2017|
|40||Mutual of Omaha||42.429||12/31/2017|
|41||Ohio National Mutual||41.842||12/31/2017|
|45||CNO Financial Group||31.671||12/31/2018|
|46||Penn Mutual Life Insurance Company||31.660||12/31/2018|
|48||National Life Group||30.437||12/31/2018|
|49||StanCorp Financial Group||30.170||12/31/2017|
|50||American Family Insurance (AmFam)||27.503||12/31/2018|
|51||American National Insurance Company||26.912||12/31/2018|
* Jackson National is a division of UK insurer Prudential plc.
** John Hancock Financial is a division of Manulife Financial Corporation, a Canadian company.
*** Protective Life is a wholly owned subsidiary of Dai-ichi Life Insurance.
**** Symetra Financial operates as a subsidiary of Sumitomo Life Insurance Company.