The insurance companies in the USA are the key players of the financial industry and they are contributing towards the improvement of the economy of the country via risk management. However, this has been found that these insurance companies are involved in high levels of competition with one another for gaining major share in the US market and abroad. In this content, these US-based insurance companies are also in competition with foreign insurers. Apart from this, various other financial institutes including banks are also challenging these insurance companies in terms of the risk management process in the financial sector.
However, still, these insurance companies serve as the pillar that is supporting the economy of the USA and this position will remain the same in the near future. In this article, we are going to discuss the largest insurance companies in the US as listed by Insider Monkey. For insurers, the USA is the largest business arena in terms of providing them opportunities to prosper in the domestic market along with expanding and conquering new foreign markets as well. The insurance companies are of various types, such as casualty and property insurance, health insurance, reinsurance or insurance brokering services, etc.
Now, let’s move to the list of largest insurance companies and Berkshire Hathaway is at the top of the list of largest insurance companies operating in the USA. The company is headed by Warren Buffett who is popular as one of the richest people in the world. The insurance activities of the companies performed via 70 domestic and foreign insurance companies. There are a total 391,500 employees of the firm and the total revenues of Berkshire Hathaway are more than $254,616 million. The second largest insurance company in the list is Prudential Financial which is offering its services and products in 40 different countries of the world. There are more than 51,511 employees of Prudential Financial and the total revenues are more than $64,807 million.
The next company in this count is MetLife which is the largest international provider of employee benefit programs, annuities, and insurance and is offering its services in 60 different countries with a customer base of more than 90 million customers. There are 49,000 employees working in the company and the total revenues of MetLife are more than $69,620 million. If you want to read the complete list, then read on at 20 Largest Insurance Companies In The US.