Largest US insurance companies by assets | Statista (2024)

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Largest US insurance companies by assets | Statista? ›

Leading insurance companies in the U.S. 2022, by total assets. Berkshire Hathaway was the largest insurance company in the United States in 2022, with total assets amounting to almost 950 billion U.S. dollars. Prudential Financial

Currently, the largest car insurance company in America is State Farm. Major auto insurance companies offer financial stability and a variety of coverage plans. To find cheap car insurance rates, you'll need to compare quotes from various providers.

Berkshire Hathaway was the largest insurance company in the United States in 2022, with total assets amounting to almost 950 billion U.S. dollars. Prudential Financial and Metlife secured second and third place, respectively.

Considering State Farm and Geico are the two biggest auto insurance companies in the U.S., most drivers can find what they need from either company, whether that's minimum or full coverage. However, there are a few key differences between State Farm vs. Geico when it comes to auto insurance options.

The three largest life insurance companies in the U.S., as per the latest data from the National Association of Insurance Commissioners (NAIC), are New York Life Group, Northwestern Mutual and Metropolitan Group. Together, these industry leaders command nearly 20 percent of the market share.

What is the #1 insurance in America? ›

1. State Farm. State Farm is the largest car insurance provider in the US, accounting for almost 17% of the overall market. The figure is equivalent to over $8 billion more in direct written premiums compared to the next-ranked insurer.

Pacific Life is the best life insurance company of 2024, based on our analysis. The best life insurance companies offer a range of policies, including term and permanent coverage. Several companies in our rating offer life insurance policies without a medical exam.

AIG Private Client Group are committed to serving the unique needs of high-net-worth customers. AIG Private Client Group policyholders include: Nearly 40% of the Forbes 400 Richest Americans. Over 50% of the American-based collectors on the ARTnews Top 200 Collectors list.

State Farm is the largest property and casualty insurance company in the United States. It had more than $70 billion in premiums in 2021.

What is the largest home insurance company? State Farm is the largest home insurance company in the United States. The company wrote $19.7 billion in premiums in 2020, representing 18% of the home insurance market. It is also the largest auto insurance company, with $40 billion of business.

1752 The Philadelphia Contributionship for the Insurance of Houses from Loss by Fire, the oldest insurance carrier in continuous operation in the United States, was established.

State Farm is the largest home and auto insurance company in North America, capturing 17.79 percent of the home market and 18.31 percent of auto.

Several types of health insurance exist in the United States - including varieties of private and public coverage. UnitedHealth Group Inc is the largest health insurance company by direct premiums written with a 15 percent market share. As of January 2024, the largest life insurance company in the U.S. was MetLife.