In this article, we will take a look at the top 5 alternatives to Aflac. If you want to read our detailed analysis, you can go directly to Top 10 Alternatives to Aflac.
5. The Guardian Life Insurance Company of America
Number of Customers: 29 Million
Annual Revenue (2022): $12.73 Billion
The Guardian Life Insurance Company of America ranks fifth on our list of the top 10 alternatives to Aflac. The company is one of the largest mutual life insurance companies in the United States. It provides coverage for life insurance, disability insurance, and dental insurance. Under its supplemental insurance policy, The Guardian Life Insurance Company of America provides coverage for accidents, critical illnesses, and hospital indemnity. It is home to more than 29 million customers from across the globe.
4. Aetna Inc.
Number of Customers: 39 Million
Annual Revenue of Healthcare Benefits Segment (2022): $91.41 Billion
Aetna Inc., the health care insurance subsidiary of CVS Health Corporation (NYSE:CVS), is one of the top alternatives to Aflac. The healthcare benefits segment of CVS Health Corporation (NYSE:CVS), which deals with traditional, voluntary, and consumer-directed health insurance products and related services, reported revenue worth $91.41 billion in the fiscal year 2022. Aetna Inc. provides coverage for dental insurance and vision insurance, among other insurance lines. Under its supplemental insurance plan, the company provides coverage for unexpected medical costs and life expenses. The company offers cash benefits so that individuals can manage day-to-day expenses.
3. MetLife, Inc. (NYSE:MET)
Number of Customers: 90 Million
Revenue (TTM) as of December 31, 2023: $66.91 Billion
With more than 90 million customers on board, MetLife, Inc. (NYSE:MET) ranks third on our list of the top alternatives to Aflac. The company specializes in insurance, annuities, and employee benefit programs. MetLife, Inc. (NYSE:MET) provides individuals with a lump sum payment to help them cover unexpected medical costs under its supplemental health insurance policy. The company has a trailing 12-month revenue of $66.91 billion, as of December 31, 2023.
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Follow Metlife Inc (NYSE:MET)
2. State Farm Insurance
Number of Customers: 91 Million
Annual Revenue (2023): $104.20 Billion
State Farm Insurance is one of the best alternatives to Aflac, with more than 91 million policy account holders. It provides some of the best rates for life, home, life, and car insurance. Under its supplemental health insurance policies individuals and families are able to deal with additional expenses or extra costs associated with medical treatment in hospitals. One such example is that State Farm Insurance provides coverage for the extra costs incurred due to hospital stays.
1. The Cigna Group (NYSE:CI)
Number of Customers: 170 Million
Revenue (TTM) as of December 31, 2023: $195.27 Billion
The Cigna Group (NYSE:CI) ranks first on our list of the top alternatives to Aflac. The company is home to more than 170 million customers from across the globe. Under its supplemental insurance plan, the company provides coverage and cash benefits to users when they need it in emergencies. The plans by The Cigna Group (NYSE:CI) provide additional coverage for expenses incurred during heart attack and stroke, cancer treatment, hospital indemnity, and accident treatment.
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Follow Cigna Group (NYSE:CI)
Should you invest $1,000 in The Cigna Group (NYSE:CI) right now?
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