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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 | $ 904,058 | $ 650,306 | $ 808,888 | $ 2,363,255 | ||
1 | UnitedHealth Group Incorporated | 4 | 47,724 | 200,916 | 248,644 | 10.52% |
2 | Humana Inc. | 0 | 971 | 99,672 | 100,643 | 4.26% |
3 | State Farm Mutual Automobile Insurance Company | 93,787 | 6,542 | 0 | 100,330 | 4.25% |
4 | CVS Health Corporation | 0 | 36,565 | 46,829 | 83,395 | 3.53% |
5 | The Progressive Corporation | 62,712 | 0 | 0 | 62,712 | 2.65% |
6 | Berkshire Hathaway Inc. | 59,668 | 1,558 | 0 | 61,226 | 2.59% |
7 | Health Care Service Corporation, a Mutual Legal Reserve Company | 0 | 675 | 55,192 | 55,867 | 2.36% |
8 | The Allstate Corporation | 50,042 | 1,029 | 0 | 51,071 | 2.16% |
9 | Liberty Mutual Holding Company Inc. | 45,795 | 0 | 0 | 45,795 | 1.94% |
10 | Nationwide Mutual Group | 19,766 | 25,175 | 0 | 44,941 | 1.90% |
11 | American International Group, Inc. | 16,077 | 25,648 | 0 | 41,726 | 1.77% |
12 | The Cigna Group | 0 | 27,789 | 11,033 | 38,822 | 1.64% |
13 | The Travelers Companies, Inc. | 38,597 | 0 | 0 | 38,597 | 1.63% |
14 | United Services Automobile Association | 32,002 | 3,420 | 0 | 35,423 | 1.50% |
15 | New York Life Insurance Company | 0 | 35,078 | 0 | 35,078 | 1.48% |
16 | Massachusetts Mutual Life Insurance Company | 0 | 34,184 | 0 | 34,184 | 1.45% |
17 | Chubb Limited | 31,873 | 889 | 0 | 32,762 | 1.39% |
18 | Prudential Financial, Inc. | 0 | 31,170 | 0 | 31,170 | 1.32% |
19 | GuideWell Mutual Holding Corporation | 0 | 264 | 28,740 | 29,004 | 1.23% |
20 | Independence Health Group, Inc. | 0 | 0 | 28,340 | 28,340 | 1.20% |
21 | Molina Healthcare, Inc. | 0 | 0 | 27,796 | 27,796 | 1.18% |
22 | Farmers Insurance Group of Companies | 27,221 | 0 | 0 | 27,221 | 1.15% |
23 | Allianz SE | 7,211 | 18,605 | 0 | 25,816 | 1.09% |
24 | The Northwestern Mutual Life Insurance Company | 0 | 22,004 | 0 | 22,004 | 0.93% |
25 | Blue Cross Blue Shield of Michigan Mutual Insurance Company | 2,948 | 0 | 18,225 | 21,173 | 0.90% |
26 | Equitable Holdings, Inc. | 0 | 20,922 | 0 | 20,922 | 0.89% |
27 | Highmark Health | 0 | 796 | 18,904 | 19,700 | 0.83% |
28 | Manulife Financial Corporation | 0 | 18,121 | 0 | 18,121 | 0.77% |
29 | Tokio Marine Holdings, Inc. | 11,917 | 5,687 | 0 | 17,604 | 0.74% |
30 | Teachers Insurance and Annuity Association of America | 0 | 17,571 | 0 | 17,571 | 0.74% |
31 | Horizon Healthcare Services, Inc. | 0 | 0 | 16,947 | 16,947 | 0.72% |
32 | American Family Insurance Group | 16,628 | 0 | 0 | 16,628 | 0.70% |
33 | The Hartford Financial Services Group, Inc. | 15,954 | 0 | 0 | 15,954 | 0.68% |
34 | Zurich Insurance Group AG | 18,563 | -3,646 | 0 | 14,917 | 0.63% |
35 | MetLife, Inc. | 0 | 14,883 | 29 | 14,912 | 0.63% |
36 | UPMC | 238 | 0 | 14,343 | 14,580 | 0.62% |
37 | Voya Financial, Inc. | 0 | 14,551 | 0 | 14,551 | 0.62% |
38 | CNA Financial Corporation | 13,741 | 0 | 0 | 13,741 | 0.58% |
39 | Jackson Financial Inc. | 0 | 13,348 | 0 | 13,348 | 0.56% |
40 | Aegon Ltd. | 0 | 13,033 | 0 | 13,033 | 0.55% |
41 | Auto-Owners Insurance Company | 12,825 | 0 | 0 | 12,825 | 0.54% |
42 | Blue Cross and Blue Shield of North Carolina | 0 | 0 | 12,438 | 12,438 | 0.53% |
43 | CareSource | 0 | 0 | 11,699 | 11,699 | 0.50% |
44 | Fairfax Financial Holdings Limited | 11,347 | 0 | 0 | 11,347 | 0.48% |
45 | Mutual of Omaha Insurance Company | 0 | 11,227 | 61 | 11,288 | 0.48% |
46 | The Guardian Life Insurance Company of America | 0 | 10,985 | 126 | 11,111 | 0.47% |
47 | CareFirst, Inc. | 0 | 0 | 10,974 | 10,974 | 0.46% |
48 | Western & Southern Financial Group, Inc. | 0 | 10,661 | 0 | 10,661 | 0.45% |
49 | Erie Indemnity Company | 10,056 | 0 | 0 | 10,056 | 0.43% |
50 | W. R. Berkley Corporation | 10,049 | 0 | 0 | 10,049 | 0.43% |
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