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In this article we are going to list the
25 Largest Insurance Companies in the US past Avails. Click to skip ahead and spring to the
5 Largest Insurance Companies in the The states by Assets.

The insurance industry in America is hands one of the biggest. After all, the Usa is i of the only developed countries in the world where healthcare is for-profit and which lacks a universal public healthcare system.

In 2019, the total underwritten premiums by insurance companies in the The states, was worth a stunning $1.32 trillion, with at least 48% of the full beingness accounted for past the property/coincidental insurers. When you talk near P/C cost, that basically refers to automobile insurance, homeowners, also equally commercial insurance, equally opposed to the life/annuity sector which consists of health insurance, life insurance, accidents and of class annuities, which accounted for 52% of the full premiums underwritten.

All these premiums have been underwritten by the near half-dozen,000 companies engaged in the insurance manufacture, which also provide employment to nearly 3.0 million people, where 1.seven one thousand thousand directly work for the companies and around 1.two million are engaged in different aspects of the industry such equally agencies, brokers and other insurance-related enterprises.

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Co-ordinate to South&P Global, while 2021 is expected to exist a tough and challenging yr, insurance companies will even so manage to pull through. While insurers volition continue begetting the stress regarding investment portfolios and their fluctuations, other challenges besides include elevated mortality claims due to the serious and undeniable affect of Covid-19, lower earnings and the event on distribution every bit well.

Still, insurance companies can be a practiced investment, as many of them are traded publicly. Billionaire Warren Buffett, one of the about successful investors of all time, has ofttimes said that insurance is a great business due to its financial construction. Buffett’due south ain
Berkshire Hathaway Inc (NYSE:BRK.A)
has three insurance companies among its holdings: National Indemnity, GEICO, and General Re. All these brand Berkshire Hathaway Inc (NYSE:BRK.A) ane of the largest insurance companies in the US by assets. The fashion insurance companies work is they take then float (money received as premiums simply non withal paid out every bit claims) and invest them into stable, depression-run a risk investments like Treasury Bonds. However, Buffett uses the bladder from Berkshire Hathaway Inc (NYSE:BRK.A)’s insurance businesses to invest in equities and to acquire other companies.

The 25 largest insurance companies in the The states by avails have total assets worth more than than $8 trillion. That is more than than what virtually economies in the world can fifty-fifty dream of generating, showing the ability that these companies wield. In order to determine our rankings, nosotros head on over to the latest rankings by Fortune 500 on United states companies and filtered the rankings for only insurance companies. So without further ado, let’s have a wait at the companies you lot are probably a client of, starting with number 25:

25. Loews Corporation (NYSE:Fifty)

Total assets of the company in 2021 (in millions of dollars): 80,236

Total revenue of the company in 2021: (in millions of dollars): 12,583

Loews Corporation (NYSE:L) is an American holding company that has a diversified portfolio of assets. It holds a majority stake in a number of companies from various industries, including CNA Financial Corporation, one of the largest insurance companies in the US. CNA, in which Loews Corporation (NYSE:L) owns 90%, provides property and casualty insurance products and services. In add-on to CNA, Loews Corporation (NYSE:Fifty)’due south subsidiaries include Loews Hotels & Co, Altium Packaging and Boardwalk Pipelines.

24. Reinsurance Grouping of America Inc (NYSE:RGA)

Total assets of the company in 2021 (in millions of dollars): 84,656

Total revenue of the company in 2021: (in millions of dollars): 14,596

Founded in 1973, Reinsurance Group of America Inc (NYSE:RGA) takes the 24th spot in our list of the largest insurance companies in the US by avails. The company has grown to more than 2,500 employees and to more $3.50 trillion of life reinsurance in strength. Reinsurance Group of America Inc (NYSE:RGA) positions itself as the only global reinsurance company focused on life and wellness reinsurance products and services. Moreover, Reinsurance Group of America Inc (NYSE:RGA) ranks as 207th on the 2021 Fortune 500 list of largest US companies by revenue.

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23. Guardian Life Insurance Visitor of America

Total assets of the company in 2021 (in millions of dollars): 85,425

Total acquirement of the company in 2021: (in millions of dollars): 13,562

Founded in 1860, Guardian Life Insurance is headquartered in New York and has 8,000 employees with 3,000 additional financial reps. Guardian Life Insurance has more than lxx agencies nationwide and provides a wide variety of insurance options.

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22. Genworth Fiscal Inc (NYSE:GNW)

Full avails of the company in 2021 (in millions of dollars): 105,747

Total revenue of the visitor in 2021: (in millions of dollars): 8,658

Genworth Financial Inc (NYSE:GNW) started its life as The Life Insurance Company of Virginia in 1871. Over the years, the company went through several M&A deals. In 1996, the company was sold to GE Capital and in 2004, Genworth Financial Inc (NYSE:GNW) was formed past combining several insurance companies held past Full general Electric Company (NYSE:GE) and went public in the largest IPO of that yr. Genworth Financial Inc (NYSE:GNW) has effectually three,000 employees and focuses on three main segments, namely Retirement and Protection, International and U.South. Mortgage Insurance.

21. Thrivent Financial for Lutherans

Total assets of the company in 2021 (in millions of dollars): 110,152

Total revenue of the company in 2021: (in millions of dollars): 8,153

Thrivent Financial was, as the proper name suggests, founded by the Lutheran Church and is one of the few not-for-profit organizations on our list of largest insurance companies in the US by assets. With more than than 3,000 employees, Thrivent Financial for Lutherans likewise provides volunteer services and donations to those in need.

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20. Travelers Companies Inc (NYSE:TRV)

Total assets of the company in 2021 (in millions of dollars): 116,764

Total revenue of the company in 2021: (in millions of dollars): 31,981

Travelers Companies Inc (NYSE:TRV) is the second-largest author of U.S. commercial belongings casualty insurance and the sixth largest writer of personal insurance in the United States, then information technology’due south unsurprising that it made it to the list of largest insurance companies in the United states of america by assets. Travelers Companies Inc (NYSE:TRV) was founded in 1853 and is headquartered in New York City. Outside of the US, Travelers Companies Inc (NYSE:TRV) also has operations in the United kingdom of great britain and northern ireland, Ireland, Canada, Singapore, Red china, and Brazil.

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19. Allstate Corp. (NYSE:ALL)

Full assets of the company in 2021 (in millions of dollars): 125,987

Total revenue of the company in 2021: (in millions of dollars): 44,791

Headquartered in Illinois, Allstate Corp. (NYSE:ALL) provides different types of insurance, with a particular focus on vehicle insurance and has more than 45,000 employees. Allstate Corp. (NYSE:ALL) was founded in 1931 and was originally part of Sears, Roebuck and Co.. It was spun off in 1993 and taken public the same year. Recently, Allstate Corp. (NYSE:ALL) announced the $4.0 billion conquering of National General Insurance, a property and casualty insurance company that has more than 42,000 independent agents.

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xviii. Freedom Common Insurance Group

Total assets of the visitor in 2021 (in millions of dollars): 145,377

Full acquirement of the company in 2021: (in millions of dollars): 43,796

The third biggest belongings and casualty insurer in the state, Liberty Mutual Insurance Grouping was founded more than a century agone and is headquartered in Massachusetts. Liberty Mutual currently has more than than 113,000 employees, who were instrumental in deriving more than than $43 billion in acquirement.

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17. Aflac Incorporated (NYSE:AFL)

Full assets of the company in 2021 (in millions of dollars): 165,086

Total acquirement of the company in 2021: (in millions of dollars): 22,147

Then in that location is Aflac Incorporated (NYSE:AFL), the biggest supplier of supplemental insurance in the U.S. and also i of the biggest insurance companies in the U.South. past avails. Founded in 1965, Aflac Incorporated (NYSE:AFL) has close to 12,000 employees. In improver to the United states of america, Aflac Incorporated (NYSE:AFL) also has operations in Nihon.

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16. Pacific Life

Total avails of the company in 2021 (in millions of dollars): 190,672

Total revenue of the company in 2021: (in millions of dollars): 10,062

Pacific Life provides life insurance, mutual funds and annuities and has close to 4,000 employees. Headquartered in California, Pacific Life is endemic past Pacific LifeCorp.

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xv. The United Services Automobile Association (USAA)

Full assets of the visitor in 2021 (in millions of dollars): 200,348

Total revenue of the company in 2021: (in millions of dollars): 36,296

The United Services Automobile Clan (USAA) provides insurance as well as other services to people who have or have had served in the United States armed forces, and currently has at to the lowest degree 12.4 million members. With more than than 33,000 employees, USAA is easily 1 of the largest insurance companies in the United States.

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14. Brighthouse Financial Inc (NASDAQ:BHF)

Total avails of the company in 2021 (in millions of dollars): 247,869

Total revenue of the company in 2021: (in millions of dollars): 8,503

Brighthouse Fiscal Inc (NASDAQ:BHF) has more than 2.six million insurance policies in forcefulness and has more than 1,400 employees. Brighthouse Financial Inc (NASDAQ:BHF) is considered to be one of the biggest providers of life insurance besides as annuities in the country. The visitor was spun off from Metlife Inc (NYSE:MET), some other entrant on the listing of largest insurance companies in the United states of america by assets, in 2017 and began trading the same yr. MetLife originally retained a 19% stake in Brighthouse Financial Inc (NASDAQ:BHF), but in 2018 it was divested through a debt-for-equity exchange.

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13. Nationwide Mutual Insurance Company

Total assets of the company in 2021 (in millions of dollars): 256,589

Total acquirement of the company in 2021: (in millions of dollars): 41,930

Earning the 13th spot in our list of biggest insurance companies in the U.S. past assets is Nationwide Mutual Insurance Visitor, which was founded 95 years ago. Nationwide Mutual Insurance Company has 34,000 employees spread beyond multiple regional headquarters. The visitor’s master specialization is in common insurance.

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12. Equitable Holdings Inc (NYSE:EHQ)

Total avails of the company in 2021 (in millions of dollars): 275,397

Total acquirement of the visitor in 2021: (in millions of dollars): 12,415

Equitable Holdings Inc (NYSE:EHQ) is more than 160 years old and is headquartered in New York Urban center, The company was originally known as The Equitable and was caused by French insurance company AXA in 1991. In 2018 Equitable Holdings Inc (NYSE:EHQ) initiated the spinoff from AXA and changed its name in 2020. Currently, Equitable Holdings Inc (NYSE:EHQ) includes two businesses, Equitable Fiscal Life Insurance Visitor and AllianceBernstein, an asset direction visitor.

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11. Primary Financial Group Inc (NASDAQ:PFG)

Total assets of the visitor in 2021 (in millions of dollars): 296,628

Total revenue of the company in 2021: (in millions of dollars): 14,742

Founded in 1879, Principal Fiscal Grouping Inc (NASDAQ:PFG) has more than 17,000 employees across multiple locations and assets under management exceed more than than $800 billion. Headquartered in Des Moines, Iowa, Principal Financial Group Inc (NASDAQ:PFG) includes four segments, Retirement and Income Solutions, Master Global Investors, Principal International, and U.s. Insurance Solutions. Earlier this year, Principal Financial Group Inc (NASDAQ:PFG) was targeted past renowned activist fund Elliott Management, led by billionaire Paul Vocalizer. Elliott caused a stake in Master Financial Group and said it would push for changes. In Feb, Principal Financial Grouping Inc (NASDAQ:PFG) appointed two independent directors following talks with Elliott.

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10. Country Farm Insurance

Total assets of the company in 2021 (in millions of dollars): 299,105

Total acquirement of the company in 2021: (in millions of dollars): 78,898

Next in our list of largest insurance companies in the US past assets is State Farm Insurance. State Farm Insurance is about a century quondam and is headquartered in Bloomington, Illinois. Country Subcontract recorded effectually $5.half dozen billion in cyberspace income in 2019.

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9. Northwestern Common

Total assets of the company in 2021 (in millions of dollars): 308,767

Total revenue of the company in 2021: (in millions of dollars): 33,782

Not only does Northwestern Mutual provide consultation on asset income protection and wealth management, it likewise provides products such as disability income, life insurance, long term intendance insurance and many others.

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8. Massachusetts Mutual Life Insurance

Total assets of the company in 2021 (in millions of dollars): 322,936

Total revenue of the company in 2021: (in millions of dollars): 23,663

Massachusetts Common Life Insurance provides diverse products such as disability income insurance, long term care insurance, life insurance and retirement plans. Massachusetts Common Life Insurance was founded dorsum in 1851.

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7. New York Life Insurance

Total assets of the company in 2021 (in millions of dollars): 359,313

Total revenue of the visitor in 2021: (in millions of dollars): 46,712

New York Life Insurance was founded dorsum in 1845. The company provides life insurance, annuities, asset management and long term management. New York Life Insurance has more 11,000 employees across all of its locations.

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6. Lincoln National Corporation (NYSE:LNC)

Full assets of the visitor in 2021 (in millions of dollars): 365,948

Full acquirement of the company in 2021: (in millions of dollars): 17,439

Founded 116 years ago Lincoln National Corporation (NYSE:LNC) is headquartered in Pennsylvania. Lincoln National Corporation (NYSE:LNC) recorded an increase in revenues which reached $17.4 billion in the latest financial year. Lincoln National Corporation (NYSE:LNC) has at more than 9,000 employees and is the naming rights sponsor of the Lincoln Financial Field.

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Disclosure: None. 25 Largest Insurance Companies in the US by Assets is originally published at Insider Monkey.