Insurance Companies in USA: Top Insurance Companies that guarantees your Safety

Today many people enjoy the benefits of insurance companies because of how well they ave programmed the companies to help insure properties and health of an individual. If you are already insured in one company or the other then that is definitely a good step however you have to follow up the companies policy where you made the insurance agreement.This article will give little details on the various insurance companies in US.

insurance companies in usa

There are a number of ways to rank the size of insurance companies, it can be by their market capitalization or by using sales figures.

However, insurance companies are still a pillar of the US economy and they will remain in this position for the proposed future.

The US is such a great business arena for insurers to prosper, they can come in form of: life and health insurance, property and casualty insurance, insurance brokering services, or reinsurance, insurance companies are in the US.

Categories of Insurance companies in USA

Property/Casualty Insurance

Annuity Insurance

Homeowners Insurance

Auto Insurance

Commercial Auto Insurance

Non-health Insurance Companies

Health Insurance and Managed Health Care Companies

Life Insurance Companies

Health Insurance Companies.

Overview of Insurance in USA

Insurance companies are key actors of the American economy, hedging risks and covering the costs of accidents throughout the country.

The top American insurance companies are important parts of the financial sector and they play a major role in the economy.

US insurance companies: life and health insurance, property and casualty insurance, business and commercial insurance, and reinsurance.

However, these companies might engage in competition against each other for market share in the US. Also, other financial companies, such as banks and financial services companies, also challenge them in their insurance and risk management activities in financial markets.

Above all this competition, the most important threat for insurers comes from the disruption of their traditional business by insurance tech startups.

Finally, some of them, among the largest US startups, have already grown to become “unicorns”: startups with a valuation above 1 billion dollars.

Are the Large Insurance Companies Good Investments?

Yes, Investing in insurance companies can be a safe option for some investors. Insurance companies are founded to deal with risk, which can ultimately reduce the risks associated with investing.

On the safer side, health insurance, has the potential for significant growth compared to other types of insurance companies.

Who Are the Largest Investors in Insurance Companies?

No matter how strange this might sound, the largest investors in insurance companies are generally other institutions. Example, UnitedHealth Group (UNH) has 4,116 institutional owners, who hold more than 989 million shares.

What Are the Largest Homeowners Insurance Companies in the U.S.?

The largest homeowners insurance companies in the U.S. are State Farm, Allstate, USAA, Liberty Mutual, and Farmers. The combination of this companies hold more than 45% of the homeowners’ insurance market share.

What Are the Largest Insurance Companies in Canada?

Also, in Canada, biggest insurance companies are Manulife Financial Corporation, Great-West Lifeco, Desjardins, Sun Life Financial, and Fairfax Financial.

General Insurance Companies in USA

  • Acuity Insurance
  • Aflac
  • Allianz Life
  • 21st Century Insurance
  • Allied Insurance
  • Allstate
  • Amica Mutual Insurance
  • Premera Blue Cross
  • American Family Insurance
  • American Income Life Insurance Company
  • Conseco
  • Fidelis Care
  • Kaiser Permanente
  • Mutual of Omaha
  • Thrivent Financial for Lutherans
  • United American Insurance Company
  • American International Group (AIG)
  • American National Insurance Company
  • American Strategic Insurance (ASI)
  • The Ameriprise Auto & Home Insurance
  • Ameriprise Financial
  • Ameritas Life Insurance Company
  • The Amica Mutual Insurance
  • Amtrust Financial Services
  • Applied Underwriters
  • The Arbella Insurance Group
  • Assurant
  • Assurity Life Insurance Company
  • Auto-Owners Insurance
  • AXA Equitable Life Insurance Company
  • Bankers Life and Casualty Company
  • Berkshire Hathaway
  • Brotherhood Mutual Insurance Company
  • CareSource
  • Celina Insurance Group
  • Chubb Corp
  • Donegal Insurance Group
  • Encompass Insurance Company
  • Cincinnati Insurance Company
  • Citizens Property Insurance Corporation
  • The CNA Financial
  • CNO Financial Group
  • Colonial Life & Accident Insurance Company
  • Erie Insurance Group
  • Esurance
  • Combined Insurance
  • Commerce Insurance Group
  • Gracy Title Company
  • Grange Mutual Casualty Company
  • The Guardian Life Insurance Company of America
  • Country Financial
  • Country-Wide Insurance Company
  • Delta Dental
  • Evergreen USA RRG
  • Farmers Insurance Group
  • Federated Mutual Insurance Company
  • Frankenmuth Insurance
  • GAINSCO
  • GEICO
  • General Re
  • Knights of Columbus
  • Lemonade (insurance)
  • Liberty Mutual
  • Lincoln National Corporation
  • Genworth Financial
  • Gerber Life Insurance Company
  • Globe Life And Accident Insurance Company
  • GMAC Insurance
  • GuideOne Insurance
  • Hagerty Insurance Agency
  • Hanover Insurance
  • The Hartford
  • HCC Insurance Holdings
  • Hiscox Small Business Insurance
  • Horace Mann Educators Corporation
  • Ironshore
  • K&K Insurance
  • Kansas City Life Insurance Company
  • Kemper Corporation
  • Kentucky Farm Bureau
  • First Insurance Company of Hawaii
  • FM Global
  • Foremost Insurance Group
  • Kentucky National Insurance Company
  • Main Street America Insurance
  • Manhattan Life Insurance Company
  • Markel Corporation
  • MassMutual
  • Merchants Insurance Group
  • Prudential Financial
  • Securian Financial Group
  • Standard Insurance Company
  • Mercury Insurance Group
  • MetLife
  • Metromile
  • Modern Woodmen of America
  • Mutual of Omaha
  • National Flood Insurance Program
  • Northwestern Mutual
  • Omega
  • Nationwide Mutual Insurance Company
  • New Jersey Manufacturers Insurance Company
  • Oxford Health Plans
  • Pacific Life
  • New York Life Insurance Company
  • Next Insurance
  • NJM Insurance Group
  • The Norfolk & Dedham Group
  • OneBeacon
  • PEMCO
  • Penn Mutual
  • Penn National Insurance
  • Pennsylvania Lumbermens Mutual Insurance Company
  • The Philadelphia Contributionship for the Insurance of Houses from Loss by Fire
  • Philadelphia Insurance Companies
  • Physicians Mutual
  • QBE
  • The Regence Group
  • Reliance Insurance Company
  • Reliance Partners
  • Principal Financial Group
  • Progressive
  • RLI Corp.
  • Safe Auto Insurance Company
  • ProSight Specialty Insurance
  • Prudential Financial
  • Pure Insurance
  • Safeco
  • Safeway Insurance Group
  • Securian Financial Group
  • Anthem
  • Blue Cross and Blue Shield Association
  • CareSource
  • Selective Insurance
  • Sentry Insurance
  • Ameritas Life Insurance Company
  • Shelter Insurance
  • Cambia Health Solutions
  • Society Insurance
  • Amica Mutual Insurance
  • Southern Aid and Insurance Company
  • SquareTrade
  • Standard Insurance Company
  • Assurity Life Insurance Company
  • AXA Equitable Life Insurance Company
  • State Auto Insurance Companies
  • The Travelers Companies
  • TIAA-CREF
  • State Farm Insurance
  • Summit Holdings
  • ower Hill Insurance Group
  • Sun Life Financial
  • Symetra
  • The General
  • Titan Insurance Company
  • Transamerica Corporation
  • American Family Insurance
  • American National Insurance Company
  • Tricare
  • Utica National Insurance Group
  • West Coast Life
  • Western & Southern Financial Group
  • Trupanion
  • UPC Insurance
  • Western Mutual Insurance Group
  • Westfield Insurance
  • White Mountains Insurance Group
  • XL Catlin[38]
  • Zurich Insurance Group
  • Colonial Life & Accident Insurance Company
  • Farmers Insurance Group
  • Allstate
  • American Family Insurance
  • Banner Life Insurance Company
  • American Fidelity Assurance
  • The Great-West Life Assurance Company
  • Gerber Life Insurance Company
  • Globe Life And Accident Insurance Company
  • The Guardian Life Insurance Company of America
  • Horace Mann Educators Corporation
  • ING Group
  • Jackson National Life
  • John Hancock Life Insurance
  • Kansas City Life Insurance Company
  • Lincoln National Corporation
  • Manhattan Life Insurance Company
  • Transamerica Corporation
  • MEGA Life and Health Insurance
  • MetLife
  • Mutual of Omaha
  • National Life Group
  • National Western Life Insurance Company
  • American Income Life Insurance Company
  • Bankers Life and Casualty
  • Federal Life Insurance Company
  • Nationwide Mutual Insurance Company
  • New York Life Insurance Company
  • Ohio National Financial Services Company
  • Pacific Life
  • Thrivent Financial for Lutherans
  • Primerica
  • Protective Life
  • State Farm Insurance
  • TIAA-CREF
  • UNIFI Companies
  • United of Omaha
  • Veterans Life Insurance
  • Western & Southern Financial Group
  • Amerigroup
  • Centene Corporation
  • Cigna
  • Coventry Health Care
  • Delta Dental
  • EmblemHealth
  • Fortis
  • Geisinger
  • Golden Rule Insurance Company
  • Group Health Cooperative
  • HealthPartners
  • Group Health Incorporated
  • Harvard Pilgrim Health Care
  • Health Net
  • HealthMarkets
  • Liberty Mutual
  • MEMIC
  • Merchants Insurance Group
  • Missouri Employers Mutual
  • HealthSpring
  • Highmark
  • Nationwide Mutual Insurance Company
  • Horace Mann Educators Corporation
  • Humana
  • Independence Blue Cross
  • Kaiser Permanente
  • Kaleida Health
  • Liberty Medical
  • LifeWise Health Plan of Oregon
  • MassHealth
  • Medica
  • Medical Mutual of Ohio
  • MEGA Life and Health Insurance
  • Molina Healthcare
  • Oscar Health
  • Oxford Health Plans
  • Premera Blue Cross
  • Principal Financial Group
  • Shelter Insurance
  • State Farm
  • Thrivent Financial for Lutherans
  • UnitedHealth Group
  • Unitrin
  • Universal American Corporation
  • US Health Group
  • Vantage Health Plan
  • Aetna
  • American Family Insurance
  • Bankers Life and Casualty
  • CareSource
  • Accident Fund Insurance Company of America
  • Erie Insurance Group
  • GUARD Insurance Group
  • Hanover Insurance
  • American International Group (AIG)
  • Amerisafe
  • WellCare
  • AmTrust Financial Services
  • Cincinnati Financial Corporation
  • New York State Insurance Fund
  • The Norfolk & Dedham Group
  • Penn National Insurance
  • Puerto Rico State Insurance Fund
  • Sentry Insurance
  • Society Insurance
  • EMPLOYERS Insurance
  • The Hartford
  • State Farm Insurance
  • State Compensation Insurance Fund

Detailed explanation of some Insurance Companies

1. Berkley

Industry: Property & Casualty Insurance

Berkley Corporation is a property and casualty insurance holding and reinsurance company. Headquartered in Greenwich, Connecticut, and organized in Delaware.

W. R. Berkley operates commercial insurance businesses in multiple countries and regions around the world, including the United Kingdom.

It is also involved in reinsurance businesses in the United States, United Kingdom, Continental Europe, Australia, the Asia-Pacific region, and South Africa.

2. Brown & Brown Insurance

Industry: Insurance Brokers

Brown & Brown, Inc., better known as Brown & Brown Insurance or B&B, is an insurance brokerage company. It provides risk management, insurance, and reinsurance products and services to businesses, public agencies.

Brown & Brown now provides insurance solutions through more than 300 locations throughout the US.

3. Erie Insurance

Industry: Insurance Brokers

Erie Insurance is a diversified insurance company. It provides its services through a number of subsidiaries like Erie Insurance Property & Casualty, Flagship City Insurance, Erie Insurance Company, Erie Insurance Company of New York.

it also provides property, car, and life insurance through a network of independent insurance agents operating in 12 northeastern US states.

4. Markel Insurance

Industry: Property & Casualty Insurance

Markel Corporation is a multinational insurance, reinsurance, and investment holding company, It operates in property and casualty insurance through the Market Specialty.

5. Cincinnati Insurance

Industry: Property & Casualty Insurance

Cincinnati Financial Corporation is an insurance company primarily involved in property and casualty insurance, operates through its specialized subsidiaries in insurance, indemnity, casualty, life insurance, and underwriting.

It is also involved in investments and financial support to other subsidiaries through the CFC Investment Company and asset management.

6.Hartford Insurance

Industry: Diversified Insurance

The Hartford, is an investment and insurance company. Founded in 1910 and headquartered in Hartford, the company conducts property and casualty operations, group benefits, and mutual funds, selling its products and services primarily through a network of agents.

7.Gallagher

Industry: Insurance Brokers

Arthur J. Gallagher & Co. is a global insurance brokerage and risk management services company headquartered in Rolling Meadows. It is one of the largest insurance brokers in the world, operating in the Americas, Europe, Asia, and Oceania through local insurance brokering subsidiaries.

8. Aflac

Industry: Life Insurance

Aflac Inc. is an insurance company that involves in supplemental insurance. Aflac provides insurance and payroll deduction insurance coverage for accidents or illnesses. Aflac operates with licensed sales associates in the United States and sales agencies in Japan.

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