Home > Financial Institutions > Insurance Groups
Insurance Groups
2023 Insurance Industry Premiums (Top 50 Groups)
US$ in millionsP&C | Life | Managed Care | All Industries | All Industries | ||
Rank | Industry Groups | Direct Premiums Written | Direct Premiums, Consideration & Deposits | Direct Premiums Written | Direct Premiums | % Market Share |
Total Industry | $ 899,468 | $ 648,146 | $ 494,242 | $ 2,041,858 | ||
1 | State Farm Mutual Automobile Insurance Company | 93,787 | 6,542 | 0 | 100,330 | 4.91% |
2 | Humana Inc. | 0 | 0 | 99,326 | 99,326 | 4.86% |
3 | CVS Health Corporation | 0 | 36,565 | 44,747 | 81,312 | 3.98% |
4 | The Progressive Corporation | 62,712 | 0 | 0 | 62,712 | 3.07% |
5 | Berkshire Hathaway Inc. | 59,668 | 1,558 | 0 | 61,226 | 3.00% |
6 | Health Care Service Corporation, a Mutual Legal Reserve Company | 0 | 675 | 55,192 | 55,867 | 2.74% |
7 | The Allstate Corporation | 50,042 | 1,029 | 0 | 51,071 | 2.50% |
8 | UnitedHealth Group Incorporated | 4 | 47,724 | 0 | 47,728 | 2.34% |
9 | Liberty Mutual Holding Company Inc. | 45,795 | 0 | 0 | 45,795 | 2.24% |
10 | Nationwide Mutual Group | 19,766 | 25,175 | 0 | 44,941 | 2.20% |
11 | American International Group, Inc. | 15,931 | 25,648 | 0 | 41,579 | 2.04% |
12 | The Travelers Companies, Inc. | 38,597 | 0 | 0 | 38,597 | 1.89% |
13 | United Services Automobile Association | 32,002 | 3,420 | 0 | 35,423 | 1.73% |
14 | New York Life Insurance Company | 0 | 35,078 | 0 | 35,078 | 1.72% |
15 | Massachusetts Mutual Life Insurance Company | 0 | 34,184 | 0 | 34,184 | 1.67% |
16 | Chubb Limited | 31,692 | 889 | 0 | 32,581 | 1.60% |
17 | Prudential Financial, Inc. | 0 | 31,170 | 0 | 31,170 | 1.53% |
18 | Independence Health Group, Inc. | 0 | 0 | 28,340 | 28,340 | 1.39% |
19 | The Cigna Group | 0 | 27,789 | 0 | 27,789 | 1.36% |
20 | Farmers Insurance Group of Companies | 27,221 | 0 | 0 | 27,221 | 1.33% |
21 | Allianz SE | 7,211 | 18,605 | 0 | 25,816 | 1.26% |
22 | The Northwestern Mutual Life Insurance Company | 0 | 22,004 | 0 | 22,004 | 1.08% |
23 | Blue Cross Blue Shield of Michigan Mutual Insurance Company | 2,948 | 0 | 18,225 | 21,173 | 1.04% |
24 | Equitable Holdings, Inc. | 0 | 20,922 | 0 | 20,922 | 1.02% |
25 | Highmark Health | 0 | 796 | 18,904 | 19,700 | 0.96% |
26 | Manulife Financial Corporation | 0 | 18,121 | 0 | 18,121 | 0.89% |
27 | Tokio Marine Holdings, Inc. | 11,917 | 5,687 | 0 | 17,604 | 0.86% |
28 | Teachers Insurance and Annuity Association of America | 0 | 17,571 | 0 | 17,571 | 0.86% |
29 | Horizon Healthcare Services, Inc. | 0 | 0 | 16,947 | 16,947 | 0.83% |
30 | American Family Insurance Group | 16,628 | 0 | 0 | 16,628 | 0.81% |
31 | The Hartford Financial Services Group, Inc. | 15,954 | 0 | 0 | 15,954 | 0.78% |
32 | Zurich Insurance Group AG | 18,563 | -3,646 | 0 | 14,917 | 0.73% |
33 | MetLife, Inc. | 0 | 14,883 | 0 | 14,883 | 0.73% |
34 | UPMC | 238 | 0 | 14,343 | 14,580 | 0.71% |
35 | Voya Financial, Inc. | 0 | 14,551 | 0 | 14,551 | 0.71% |
36 | CNA Financial Corporation | 13,741 | 0 | 0 | 13,741 | 0.67% |
37 | Jackson Financial Inc. | 0 | 13,348 | 0 | 13,348 | 0.65% |
38 | Aegon Ltd. | 0 | 13,033 | 0 | 13,033 | 0.64% |
39 | Auto-Owners Insurance Company | 12,825 | 0 | 0 | 12,825 | 0.63% |
40 | Blue Cross and Blue Shield of North Carolina | 0 | 0 | 12,438 | 12,438 | 0.61% |
41 | CareSource | 0 | 0 | 11,699 | 11,699 | 0.57% |
42 | Fairfax Financial Holdings Limited | 11,347 | 0 | 0 | 11,347 | 0.56% |
43 | Mutual of Omaha Insurance Company | 0 | 11,227 | 61 | 11,288 | 0.55% |
44 | The Guardian Life Insurance Company of America | 0 | 10,985 | 0 | 10,985 | 0.54% |
45 | CareFirst, Inc. | 0 | 0 | 10,974 | 10,974 | 0.54% |
46 | Western & Southern Financial Group, Inc. | 0 | 10,661 | 0 | 10,661 | 0.52% |
47 | Erie Indemnity Company | 10,056 | 0 | 0 | 10,056 | 0.49% |
48 | W. R. Berkley Corporation | 10,049 | 0 | 0 | 10,049 | 0.49% |
49 | KKR & Co. Inc. | 0 | 10,033 | 0 | 10,033 | 0.49% |
50 | Athene Holding Ltd. | 0 | 9,851 | 0 | 9,851 | 0.48% |
Group Data is available with a subscription to SNL Unlimited for Financial Institutions.
For more information, contact SNL Sales at 866.296.3743; sales@snl.com.