The following are the top 10 insurance companies in the U.S. ranked by assets. Prudential Financial Inc is the largest insurance company in the United States in terms of total assets. With over 50,000 employees, it offers a wide suite of products and services to individuals and institutional clients including term and universal life insurance, variable and fixed annuities, and retirement and investment services. It is also one of the leading investment managers with total AUM of over $1.5 trillion as of September 30, 2019.
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 $48 billion. The company was established in 1868 and employs about 48,000 people.
Top 10 U.S. Insurance Companies by assets
|Rank||Company||Total assets, US$b||Balance sheet|
|5||American International Group||522.269||06/30/2019|
|6||New York Life||324.730||12/31/2018|
|7||Lincoln Financial Group||322.259||06/30/2019|
|8||John Hancock Life Insurance||284.686||06/30/2019|
Top U.S. Insurance Companies by market capitalization
The following table shows the largest U.S. insurance companies based on market capitalization as of January 17, 2020.
|Rank||Company||Market capitalization, US$b|
|1||Berkshire Hathaway||561.6 B|
|2||UnitedHealth Group||284.9 B|
|3||Cigna Corporation||78.8 B|
|4||Anthem Inc||77.4 B|
|5||Metlife Inc||48.0 B|
|6||American International Group||45.6 B|
|7||Progressive Corp||44.1 B|
|8||Aflac Inc||38.7 B|
|9||Prudential Financial||38.4 B|
|10||Allstate Corp||37.6 B|