In 1752, Benjamin Franklin founded the first American insurance company as Philadelphia Contributionship in USA. In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail. Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in the United States by 1989.
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.
Here are the:
Best USA insurance company:
|Ranking||P/C insurance company name||2019 Net premiums written (US $ 000)||% change from previous year|
|1||State Farm Group||65,100,455||-0.6|
|2||Berkshire Hathaway Ins||53,754,763||7.9|
|3||Progressive Ins Group||37,578,689||15.2|
|4||Allstate Ins Group||34,036,467||5.4|
|5||Liberty Mutual Ins Cos||32,268,379||1.4|
|8||Chubb INA Group||18,249,079||-6.7|
|10||American Intl Group (AIG)||14,826,888||1.5|
|11||Farmers Ins Group||14,493,557||3.3|
|12||Hartford Ins Group||11,871,251||3.2|
|13||Amer Family/Main Street America Grp||11,841,650||4.3|
|14||Auto-Owners Ins Group||8,585,830||7.4|
|15||Fairfax Financial (USA) Group||7,632,626||9.8|
|16||Erie Ins Group||7,478,390||5.5|
|17||Tokio Marine US PC Group||7,083,699||5.2|
|18||CNA Ins Cos||6,953,530||5.9|
|19||Munich-American Hldg Corp Cos||6,639,450||-2.5|
|20||W. R. Berkley Ins Group||6,131,338||7.1|
Prudential Financial was the largest insurance company in the United States in 2019, with total assets amounting to just over 940 billion U.S. dollars. Berkshire Hathaway and Metlife secured second and third place, respectively.
Top 10 Global Insurance Companies By Revenues, 2020 (1)
|1||Berkshire Hathaway||$245,510||United States||Property/casualty|
|2||Ping An Insurance||191,509||China||Life/health|
|3||China Life Insurance||144,589||China||Life/health|
|6||Japan Post Holdings||110,561||Japan||Life/health|
|8||People’s Insurance Co. of China||84,290||China||Property/casualty|
|9||State Farm||78,898||United States||Property/casualty|
|10||Nippon Life Insurance||76,984||Japan||Life/health|