Best insurance companies in the United States (2024)

Top 25 life insurance companies in the United States

Figures in billion USD

Rank 2023CompaniesTurnover (1)2022-2023 evolution2023 shares
20232022
1New York Life13.2912.486.49%6.86%
2Northwestern Mut13.0613.94-6.31%6.74%
3Metropolitan12.2812.33-0.41%6.34%
4Prudential of Amer10.9210.553.51%5.64%
5Mass Mut Life9.29.55-3.66%4.75%
6Lincoln National8.328.56-2.80%4.30%
7Nationwide Corporation5.86.1-4.92%3.00%
8State Farm5.755.514.36%2.97%
9Aegon US Holding5.15.041.19%2.63%
10Minnesota Mut4.955.05-1.98%2.56%
11Guardian Life4.864.820.83%2.51%
12John Hanco*ck4.844.91-1.43%2.50%
13Pacific Life4.594.75-3.37%2.37%
14Dai-Ichi Life Holdings4.444.215.46%2.29%
15American International3.533.54-0.28%1.82%
16Mutual of Omaha3.443.178.52%1.78%
17Globe Life3.092.983.69%1.60%
18National Life3.042.779.75%1.57%
19PENN Mut3.012.874.88%1.55%
20Primerica2.972.883.13%1.53%
21Equitable Holdings2.962.882.78%1.53%
22Principal FIN2.552.52.00%1.32%
23UNUM2.442.430.41%1.26%
24Sammons Enterprises2.293.49-34.38%1.18%
25Hartford Fire & Cas2.282.18.57%1.18%
Total of top 25 companies139139.41-9.83%71.78%
Rest of the market (2)54.6554.1925.37%28.22%
Grand total193.65193.60.03%100%

(1) Life insurance only, excluding life annuity, health and accident
(2) 702 life companies in 2022

Top 25 non life insurance companies in the United States

Figures in billion USD

Rank 2023CompaniesTurnover2022-2023 evolution2023 shares
20232022
1State Farm93.7978.6419.27%9.76%
2Progressive62.7152.3319.84%6.53%
3Berkshire Hathaway59.6756.884.91%6.21%
4Allstate50.0445.519.95%5.21%
5Liberty45.7945.261.17%4.77%
6Travelers38.634.3512.37%4.02%
7USAA3226.8619.14%3.33%
8Chubb Ltd31.6930.234.83%3.30%
9Farmers27.2226.423.03%2.83%
10Nationwide Corporation19.7720.32-2.71%2.06%
11Zurich Insurance18.5617.625.33%1.93%
12American Family Insurance16.6314.0918.03%1.73%
13Hartford Fire & CAS15.9514.728.36%1.66%
14American International15.9315.472.97%1.66%
15CNA Financial13.7413.214.01%1.43%
16Auto-Owners Insurance13.1110.9919.29%1.36%
17Tokio Marine Holdings11.9211.156.91%1.24%
18Fairfax Financial11.3510.983.37%1.18%
19Erie Insurance10.068.616.98%1.05%
20W.R. Berkley Corporation10.059.278.41%1.05%
21American Financial9.178.646.13%0.95%
22Markel Corporation8.798.35.90%0.91%
23AXA Insurance7.727.680.52%0.80%
24QBE Insurance7.567.293.70%0.79%
25Cincinnati Financial7.466.7211.01%0.78%
Total of top 25 companies639.28581.539.93%66.54%
Rest of the market (1)321.52288.7411.35%33.46%
Grand total960.8870.2710.40%100%

(1) 3 598 non-life companies in 2023.

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Best insurance companies in the United States (2024)
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