Top 8 largest USA insurance companies 2020

Insurance companies are key actors of the American economy, hedging risks, and covering the costs of accidents. Present throughout the country and abroad, US insurance companies are involved in the life and health insurance, property and casualty insurance, business and commercial insurance, and reinsurance.

The top American insurance agencies are key on-screen characters of the monetary segment and they assume a significant job in the economy through the administration of dangers. In any case, they are occupied with a furious rivalry against one another for a piece of the overall industry in the US and abroad, and face rivalry from remote back up plans hoping to grow their decent footing in their household showcase. Other monetary organizations, for example, banks and budgetary administration organizations, additionally challenge them in their protection and hazard the board exercises in money related markets.

Though they face stiff competition to provide insurance and risks mitigation products and services to individuals, businesses, and institutions, the most important threat for insurers comes from the disruption of their traditional business by insurance tech startups. These new “InsurTech” companies create new ways for people and companies to hedge, manage, and anticipate risks and exposure to various hazards, which can impede the activities of traditional insurance companies. And some of them, among the largest US startups, has already grown to become “unicorns”: startups with a valuation above 1 billion dollars.

By and by, insurance agencies are as yet a mainstay of the US economy and they will stay in this situation for years to come. The US is such an extraordinary business field for back up plans to succeed that they can really utilize their national decent footing to grow abroad and overcome new markets. Regardless of whether they give life and medical coverage, property and loss protection, protection expediting administrations or reinsurance, insurance agencies are in the US to remain, and possibly, additionally to overcome the remainder of the world.

List of the top 8 largest American insurance companies by market capitalization

To give you more perspective on the actors of the American financial sector and insurance industry, details about the twenty largest insurance companies included in the S&P 500 index have been listed hereafter. Each company is detailed with presentations of its sub-industry, activities, market capitalization, a direct link to its website, logo, and stock symbol.

The insurance companies listed hereafter are ranked by market capitalization in United States Dollars, as of effective close on Friday, February 7, 2020. They are defined as belonging to the sub-industries of property and casualty insurance, life and health insurance, multi-line insurance, insurance brokers, and reinsurance.

For the complete list of the top 500 US companies that constitute the S&P 500 index, and much more information on each company, check our Top 500 US Companies Excel Spreadsheet.

Note that in the event that you are looking for data on these organizations to put resources into their stocks, ensure you comprehend what you are doing as your speculation will be dependent upon critical dangers with the development of stock costs. To become familiar with putting resources into the securities exchange and dealing with your portfolio, check our post on the best online seminars on stock contributing and exchanging, and these best-selling books.

1. Chubb

Sub-Industry: Property & Casualty Insurance chubb

Chubb Limited is the parent company of Chubb, a global provider of insurance products in commercial and personal property and casualty, accident and health, reinsurance, and life insurance to multinational corporations and local businesses, individuals, and insurers seeking reinsurance coverage. Tracing its origins to 1882, Chubb is headquartered in Zurich, Switzerland, and it operates in 54 countries and territories.

Website: new.chubb.com – Market Cap.: $73.612 Billion – Stock symbol: CB

 

2. Marsh & McLennan

Sub-Industry: Insurance Brokers marsh

Marsh and McLennan Companies, Inc. is a worldwide expert administration organization working in the protection business, chance administration, reinsurance administrations, ability the executives, speculation warning, and executives counseling. Following its starting points to 1905 and headquartered in New York City, Marsh and McLennan work in protection through its auxiliaries, Marsh, Guy Carpenter, and Jardine Lloyd Thompson, and in talking with Mercer and Oliver Wyman Group.

Website: mmc.com – Market Cap.: $58.686 Billion – Stock symbol: MMC

3. Aon

Sub-Industry: Insurance Brokers aon

Aon plc is a global professional services company providing risk, retirement, and health solutions, headquartered in London, UK. Created in 1982 with the merger of Ryan Insurance Group with Combined Insurance Company of America, Aon is particularly involved in the commercial risk and reinsurance brokerage industry. It is also operating in the business process outsourcing industry and property investment and management.

Website: aon.com – Market Cap.: $53.706 Billion – Stock symbol: AON

4. Progressive

Sub-Industry: Property & Casualty Insurance Progressive

The Progressive Corporation, all the more basically known as Progressive, is an insurance agency, particularly associated with vehicle protection in America. Established in 1937 and headquartered in Mayfield Village, Ohio, Progressive offers protection for bikes, vessels, RVs and business vehicles, just as home protection. It has extended its proposal of vehicle protection in Australia.

Website: progressive.com – Market Cap.: $48.676 Billion – Stock symbol: PGR


5. American International Group

Sub-Industry: Property & Casualty Insuranceaig

American International Group, Inc., more commonly known as AIG, is a multinational finance and insurance corporation headquartered in New York City. It is engaged in general insurance, life and retirement, and a standalone technology-enabled subsidiary. It operates in more than 80 countries and jurisdictions.

Website: aig.com – Market Cap.: $46.508 Billion – Stock symbol: AIG

 

6. Aflac

Sub-Industry: Life & Health Insurance alfac

Aflac Inc. is an insurance company, especially involved in supplemental insurance. Founded in 1955 and headquartered in Columbus, Georgia, 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.

Website: aflac.com – Market Cap.: $38.469 Billion – Stock symbol: AFL

7. Prudential Financial

Sub-Industry: Life & Health Insurance  Prudential Financial

Prudential Financial, Inc. is occupied with protection, speculation the board, and other financial items and administrations to individual and institutional clients through its auxiliaries. It prominently gives disaster protection, annuities, common assets, benefits and retirement-related speculations, organization and resources the executives, protections financier administrations. Prudential works in the United States, Asia, Europe, and Latin America

Website: prudential.com – Market Cap.: $37.754 Billion – Stock symbol: PRU

8. (Last One) Travelers

Sub-Industry: Property & Casualty Insurance Travelers

The Travelers Companies, Inc., better known as Travelers, is an insurance company headquartered in New York City, particularly involved in commercial property-casualty insurance. One of the largest insurers in the US, Travelers operates in personal insurance, business insurance, and bonds. It has expanded in the United Kingdom, Ireland, Singapore, China, Canada, and Brazil.

Website: travelers.com – Market Cap.: $35.731 Billion – Stock symbol: TRV

 

Summary: Top 8 US Insurance Companies 2020

To give you a snappy review of the biggest American insurance agencies in 2020, here is an orchestrating picture pulling together the data of the main 8. Note that you can utilize this picture to implant it on your site and other computerized properties utilizing the install code underneath.

summary

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