In this article we are going to list the 10 largest insurance companies in the world. For a detailed coverage of this topic and a more comprehensive discussion, please take a look at the 20 largest insurance companies in the US.
10. Travelers (NYSE:TRV)
Total revenue of the company in 2019 (in millions of dollars): 31,581
Total net profit of the company in 2019 (in millions of dollars): 2,622
Total assets of the company in 2019 (in millions of dollars): 110,122
Total employees of the company in 2019 (in millions of dollars): 30,800
The Travelers Companies is one of the biggest writers of US commercial property casual insurance as well as personal insurance via independent ages.
Pixabay/Public Domain
9. Liberty Mutual Insurance Group
Total revenue of the company in 2019 (in millions of dollars): 43,228
Total net profit of the company in 2019 (in millions of dollars): 1,044
Total assets of the company in 2019 (in millions of dollars): 133,644
Total employees of the company in 2019 (in millions of dollars): 45,000
Liberty Mutual is one of the largest property and casualty insurers in the United States, and was founded 108 years ago in 1912.
Pixabay/Public Domain
8. TIAA
Total revenue of the company in 2019 (in millions of dollars): 40,454
Total net profit of the company in 2019 (in millions of dollars): 2,460
Total assets of the company in 2019 (in millions of dollars): 615,042
Total employees of the company in 2019 (in millions of dollars): 16,533
Founded by Andrew Carnegie, TIAA serves more than 5 million retired and active employees and has more than$1 trillion in assets under management.
Pixabay/Public Domain
7. USAA
Total revenue of the company in 2019 (in millions of dollars): 35,617
Total net profit of the company in 2019 (in millions of dollars): 4,006
Total assets of the company in 2019 (in millions of dollars): 173,733
Total employees of the company in 2019 (in millions of dollars): 35,076
The USAA provides insurance to families and people who have or are serving in the armed forces of the United States, which is the most powerful military in the world. It has more than 12.5 million members.
Florin Patrunjel/Shutterstock.com
6. Allstate (NYSE:ALL)
Total revenue of the company in 2019 (in millions of dollars): 44,675
Total net profit of the company in 2019 (in millions of dollars): 4,847
Total assets of the company in 2019 (in millions of dollars): 119,950
Total employees of the company in 2019 (in millions of dollars): 46,035
The American company is 89 years old and was founded in 1931 as a part of Sears, Roebuck and Co., before being spun off in 1993.
Pixabay/Public Domain
5. American International Group (NYSE:AIG)
Total revenue of the company in 2019 (in millions of dollars): 49,746
Total net profit of the company in 2019 (in millions of dollars): 3,348
Total assets of the company in 2019 (in millions of dollars): 525,064
Total employees of the company in 2019 (in millions of dollars): 46,000
AIG has a presence in more than 80 countries and also has close to 50,000 employees. It provides various different insurance including travel, general, health, vehicle and life among others.
Andrew Scheck / Shutterstock.com
4. State Farm Insurance
Total revenue of the company in 2019 (in millions of dollars): 79,395
Total net profit of the company in 2019 (in millions of dollars): 5,593
Total assets of the company in 2019 (in millions of dollars): 294,823
Total employees of the company in 2019 (in millions of dollars): 57,672
State Farm is a group of insurance companies and is headquartered in Illinois. It has more than 18,000 agents and nearly 350 claims offices.
Ken Wolter / Shutterstock.com
3. MetLife (NYSE:MET)
Total revenue of the company in 2019 (in millions of dollars): 69,620
Total net profit of the company in 2019 (in millions of dollars): 5,899
Total assets of the company in 2019 (in millions of dollars): 740,463
Total employees of the company in 2019 (in millions of dollars): 49,000
MetLife is counted among the biggest global providers of annuities, employee benefit programs and insurance and has over 90 million customers in at least 60 countries.
Pixabay/Public Domain
2. Prudential Financial (NYSE:PRU)
Total revenue of the company in 2019 (in millions of dollars): 64,807
Total net profit of the company in 2019 (in millions of dollars): 4,186
Total assets of the company in 2019 (in millions of dollars): 896,552
Total employees of the company in 2019 (in millions of dollars): 51,511
Prudential Financial provides its products and services in more than 40 countries, and used to be the largest insurance company in the US, dropping to second place now.
Pixabay/Public Domain
1. Berkshire Hathaway (NYSE:BRK.A)
Total revenue of the company in 2019 (in millions of dollars): 254,616
Total net profit of the company in 2019 (in millions of dollars): 81,417
Total assets of the company in 2019 (in millions of dollars): 817,729
Total employees of the company in 2019 (in millions of dollars): 391,500
It is one of the biggest financial services companies in the world and also tops the list of the 10 largest insurance companies in the US. Headed by the famous Warren Buffett, who has consistently been among the richest people in the world, the company’s insurance activities are carried out through 70 foreign and domestic insurance companies.
Pixabay/Public Domain
