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15 Largest Insurance Companies in the United States (2026 Update)
While we may not like to think about it, being prepared for unexpected events is crucial. From medical emergencies to property damage or auto accidents, insurance plays a vital role in mitigating the impact of unforeseen circumstances.
Insurance serves to safeguard individuals and businesses across various aspects of life. Some prevalent types of insurance include:
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Life Insurance
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Auto Insurance
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Homeowners Insurance
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Pet Insurance
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Liability (or Umbrella) Insurance
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Property Insurance
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Travel Insurance
The primary goal of an insurance company is to provide customers with peace of mind, knowing that they have a safety net in place should something go wrong.
Given the importance of this role in both personal and business security, the insurance industry presents significant opportunities for financial growth and stability.
Here, we take a look at the top 15 largest insurance companies in the United States, which reflect the industry’s substantial role in the economy.
A Closer Look at the Companies and Their Rankings
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Berkshire Hathaway Inc. Headquarters: Omaha, Nebraska
Year Founded: 1839
2023 Annual Revenue: $328.4 billion
2023 Growth Rate: +5.2%
While many may not recognize the name Berkshire Hathaway Inc. directly, its owned brands are widely recognized. Notable subsidiaries include:
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GEICO
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Duracell
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Dairy Queen
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Fruit of the Loom
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Helzberg Diamonds
In addition to these well-known brands, Berkshire Hathaway holds significant shares in companies like Kraft Heinz Company and American Express, showcasing a diverse portfolio. Under the leadership of Warren Buffet, Berkshire Hathaway remains the largest insurance company in the U.S. thanks to its ownership of GEICO.
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Anthem, Inc. Headquarters: Indianapolis, Indiana
Year Founded: 2004
2023 Annual Revenue: $132.1 billion
2023 Growth Rate: +9.5%
Established through the merger of Anthem and Wellpoint, Anthem Inc. has grown to become a leading managed health care company, serving approximately 40 million individuals across the U.S. The company is currently ranked 29th on the Fortune 500 list.
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State Farm. Headquarters: Bloomington, Illinois
Year Founded: 1922
2023 Annual Revenue: $85.1 billion
2023 Growth Rate: +1.6%
State Farm offers a wide range of insurance services, including property and casualty, life, health, and banking products. As the top automotive insurer in the U.S. for 80 years and a leading homeowners insurance provider, State Farm employs nearly 60,000 individuals.
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MetLife. Headquarters: New York, New York
Year Founded: 1868
2023 Annual Revenue: $80.5 billion
2023 Growth Rate: +3.1%
MetLife operates in over 60 countries, providing health insurance, annuities, and employee benefits to 90 million customers worldwide. The company also offers a variety of services, including auto, home, and life insurance, as well as dental and disability insurance.
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Prudential Financial. Headquarters: Newark, New Jersey
Year Founded: 1875
2023 Annual Revenue: $70.3 billion
2023 Growth Rate: +2.0%
Prudential Financial focuses on providing insurance and investment management services to retail and institutional clients, operating in 40 countries. With total assets of $1.6 trillion, Prudential is also recognized as a top employer for working mothers.
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American International Group. Headquarters: New York, New York
Year Founded: 1919
2023 Annual Revenue: $52.8 billion
2023 Growth Rate: +4.0%
AIG serves clients in 130 countries and employs nearly 50,000 people in the U.S. They focus on general insurance, life and retirement, and asset management, recently enhancing their market position through strategic acquisitions.
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Nationwide Mutual Insurance. Headquarters: Columbus, Ohio
Year Founded: 1926
2023 Annual Revenue: $50.2 billion
2023 Growth Rate: +5.0%
Nationwide operates over 50 subsidiary companies and employs around 34,000 people. They emphasize providing high-quality insurance products and services, securing a spot on Forbes’ list of the “Top 100 Best Companies to Work For.”
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Allstate. Headquarters: Northbrook, Illinois
Year Founded: 1931
2023 Annual Revenue: $48.7 billion
2023 Growth Rate: +8.4%
Allstate is well-known for its slogan, “Are you in good hands?” and serves approximately 16 million families with a variety of insurance options, including auto, homeowners, renters, and small business insurance.
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New York Life Insurance Company. Headquarters: New York, New York
Year Founded: 1845
2023 Annual Revenue: $46.2 billion
2023 Growth Rate: +3.5%
New York Life is the largest mutual life insurance company in the U.S., managing over half a trillion dollars in assets. They focus on both insurance and asset management, benefiting policyholders directly.
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Progressive. Headquarters: Mayfield Village, Ohio
Year Founded: 1937
2023 Annual Revenue: $46.8 billion
2023 Growth Rate: +3.0%
Progressive is a leader in auto insurance and was the first to offer online policy purchases and 24/7 claims reporting. They currently manage approximately 13 million policies across multiple vehicle types.
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Liberty Mutual Insurance. Headquarters: Boston, Massachusetts
Year Founded: 1912
2023 Annual Revenue: $44 billion
2023 Growth Rate: +4.2%
Liberty Mutual offers a wide range of insurance products, including personal auto, workers’ compensation, and general liability, with a global presence in 18 countries and over 900 locations.
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United Services Automobile Association (USAA). Headquarters: San Antonio, Texas
Year Founded: 1922
2023 Annual Revenue: $39.5 billion
2023 Growth Rate: +5.5%
Founded by U.S. Army officers, USAA provides insurance products primarily for military members and their families. With approximately 13 million members today, USAA continues to uphold its commitment to serving those who serve.
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The Travelers Companies. Headquarters: New York, New York
Year Founded: 1853
2023 Annual Revenue: $34 billion
2023 Growth Rate: +2.5%
Travelers is a major player in commercial property-casualty insurance and has consistently ranked on the Fortune 500 list. With operations in multiple countries, they are dedicated to providing quality insurance services worldwide.
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The Hartford. Headquarters: Hartford, Connecticut
Year Founded: 1810
2023 Annual Revenue: $23.1 billion
2023 Growth Rate: +2.3%
The Hartford is known for its investment and insurance services, dividing its revenue equally between these sectors. It ranks as one of the top property and casualty insurers in the U.S.
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Farmers Insurance Group. Headquarters: Woodland Hills, California
Year Founded: 1928
2023 Annual Revenue: $13.2 billion
2023 Growth Rate: +3.0%
Despite its name, Farmers Insurance Group provides a wide array of insurance services beyond just agricultural coverage. With a strong network of independent agents, they cater to a variety of personal and business insurance needs.
As of 2026, these top insurance companies reflect the industry’s resilience and adaptability in a rapidly changing economic landscape. Whether you’re considering a career in insurance or simply looking for coverage, understanding these major players can provide valuable insights into the marketplace.
- Services
- Largest Advertising Companies
- Largest Law Firms
- Largest Insurance Companies
- Largest For Profit Education Companies
- Largest Lobbyist Companies
- Largest Consulting Firms
- Largest Photography Companies
- Largest Engineering Companies
- Largest Marketing Companies
- Largest Multi Level Marketing Companies
- Largest HR Companies
- Largest PR Firms
- Largest Warehousing Companies
- Largest Waste Management Companies
- Largest Janitorial Companies
- Largest Temp Agencies
- Largest Security Companies
- Largest Recruiting Firms
Author
Sky Ariella is a professional freelance writer, originally from New York. She has been featured on websites and online magazines covering topics in career, travel, and lifestyle. She received her BA in psychology from Hunter College.
