There are a number of ways to rank the size of insurance companies. Most Popular Insurance Companies In USA can be measured by their market capitalization (the value of the company on a stock exchange) or by using sales figures, such as net premium written in a year or how many policies were sold. Here, we examine the top 20 largest insurance companies by market cap, market share, and revenues.
The largest P&C insurers in the United States
This Top 20 U.S. Property & Casualty Insurance Companies directory is based on research data from rating agency A.M. Best.
Listing the top property and casualty insurance companies in the United States, this directory provides a simple way to analyse the top P&C insurance companies in the U.S.
The property and casualty insurance groups featured are ranked by net premiums written in 2019. You can sort the table by any of the headings and search it to analyse individual insurance companies.
Full List Of Most Popular Insurance Companies In USA
Company | Life insurance options | Market share in 2020 |
|---|---|---|
|
| 10.6% |
2. New York Life |
| 7.1% |
3. Mass Mutual |
| 6.4% |
4. Prudential | Term life Universal life Variable universal life Indexed universal life | 5.5% |
5. Lincoln Financial | Term life Universal life Variable universal life Indexed universal life | 4.7% |
6. State Farm | Term life Whole life Universal life | 3.5% |
7. John Hancock | Term life Universal life Variable universal life Indexed universal life | 3.3% |
8. Guardian | Term life Whole life Universal life Variable universal life | 3.2% |
9. Transamerica | Term life Whole life Universal life Indexed universal life | 3.0% |
10. MetLife | Life insurance offered through workplace plans only. | 2.8% |
11. Pacific Life | Term life Group whole life Universal life Variable universal life Indexed universal life | 2.7% |
12. America International Group (AIG) | Term life Whole life Universal life Variable universal life Indexed universal life Guaranteed universal life | 2.4% |
13. Equaitable Holdings (AXA) | Term life Variable universal life Indexed universal life | 2.0% |
14. Primerica | Term life | 1.8% |
15. Sammons (Midland National) | Term life Indexed universal life Guaranteed universal life | 1.8% |
16. Nationwide | Term life Whole life Universal life Variable universal life | 1.7% |
17. Protective Life | Term life Whole life Universal life Variable universal life Indexed universal life | 1.6% |
18. Penn Mutual | Term life Whole life Variable universal life Indexed universal life Guaranteed universal life | 1.6% |
19. Brighthouse Financial | Term life | 1.6% |
20. Globe Life | Term life Whole life | 1.5% |
Are the Large Insurance Companies Good Investments?
Investing in insurance companies can be a safe option for some investors. Insurance companies are founded to deal with risk, which can ultimately reduce the risks associated with investing in them. Health insurance, subject to rapid changes, has the potential for significant growth compared to other types of insurance companies.
Who Are the Largest Investors in Insurance Companies?
The largest investors in insurance companies are generally other institutions. For example, UnitedHealth Group (UNH) has 4,124 institutional owners, who hold more than one billion shares.7
What Are the Largest Homeowners Insurance Companies in the U.S.?
The five largest homeowners insurance companies in the U.S. are State Farm, Allstate, USAA, Liberty Mutual, and Farmers.8 Together, these companies hold more than 45% of the homeowners’ insurance market share.
