Top 10 Insurance Companies by Key Metrics

Top 10 Insurance Companies The insurance industry is highly competitive and dominated by a few major players. Here we look at the top 10 U.S. insurance companies based on important metrics like total assets, net premiums written, and market capitalization.

By Total Assets

Insurance companies need large capital reserves to pay out future claims. Total assets is a measure of an insurer’s size and financial strength.

  1. Berkshire Hathaway – $708 billion in total assets
  2. UnitedHealth Group – $226 billion
  3. MetLife – $987 billion
  4. Prudential Financial – $1.11 trillion
  5. AIG – $498 billion

Berkshire Hathaway tops the list due to its massive investment portfolio managed by Warren Buffet. Prudential and MetLife are leading life insurers, while UnitedHealth is the largest health insurer.

By Net Premiums Written

Net premiums measures total insurance premiums an insurer collects minus reinsurance. It represents the core insurance revenue.

  1. State Farm Group – $81.7 billion
  2. Berkshire Hathaway – $70.7 billion
  3. UnitedHealth Group – $226 billion
  4. Allstate Corp – $39.4 billion
  5. Liberty Mutual Holding – $39.0 billion

State Farm writes the most premiums across auto, home, and life insurance. Berkshire is second with premiums from GEICO and other subsidiaries.

Top 10 Insurance Companies

By Market Capitalization

Market cap measures the total market value of a company’s shares. It reflects Wall Street’s view of the insurer’s value.

  1. Berkshire Hathaway – $689 billion
  2. UnitedHealth Group – $465 billion
  3. Anthem – $116 billion
  4. CVS Health – $133 billion
  5. Progressive Corp. – $54 billion

Berkshire is the clear leader with the highest market cap in the insurance industry. UnitedHealth and Anthem are valuable Managed Care plans. Progressive is the leader in auto insurance.

By Direct Premiums Written

Direct premiums measures income from policies that insurers sell directly to consumers, not through brokers.

  1. State Farm Group – $61.8 billion
  2. Berkshire Hathaway – $19.4 billion
  3. Progressive Corp. – $33.7 billion
  4. Allstate Corp. – $34.2 billion
  5. USAA – $13 billion

State Farm dominates as the leading direct writer of insurance. Progressive focuses on direct auto insurance sales. USAA sells directly to military members.

By Claims Paid

This measures total claims paid out to policyholders. It reflects costs and customer service.

  1. State Farm – $56.7 billion
  2. Berkshire Hathaway – $50.8 billion
  3. UnitedHealth – $223 billion
  4. Allstate Corp. – $29.4 billion
  5. Progressive Corp. – $27.2 billion

State Farm and Berkshire pay the most claims due to their market-leading size. UnitedHealth pays abundant health insurance claims. Allstate and Progressive have large auto exposures.

Key Takeaways

Berkshire Hathaway, State Farm, UnitedHealth, Allstate, Progressive, and Liberty Mutual consistently rank high across multiple metrics. The top insurers remain dominant players with advantages in scale, brand, and investments.

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