In this article, we will be taking a look at the top 5 insurance companies in USA. To skip our detailed analysis, you can go directly to see top 15 insurance companies in USA.
5. Elevance Health Inc. (NYSE:ELV)
Total revenue of the company (in millions): 138,639
Total profits of the company (in millions): 6,104
Total assets of the company (in millions): 97,460
Total employees of the company: 98,200
Elevance Health Inc. (NYSE:ELV) provides various kinds of health insurance including pharmaceutical, dental, long-term care, disability, behavioral health and medical via companies including Anthem Blue Cross and Blue Shield. Elevance Health Inc. (NYSE:ELV) is the biggest for-profit healthcare company which is part of the Blue Cross Blue Shield Association. Currently, Elevance Health Inc. (NYSE:ELV) has more than 45 million members.
4. American International Group, Inc. (NYSE:AIG)
Total revenue of the company (in millions): 52,057
Total profits of the company (in millions): 9,388
Total assets of the company (in millions): 596,112
Total employees of the company: 36,600
American International Group, Inc. (NYSE:AIG) is a finance and insurance corporation which has operations in around 80 countries and employs around 37,000 people. There are three core segments that American International Group, Inc. (NYSE:AIG) is involved in, namely general insurance, life and retirement, and a technology enabled subsidiary. While its headquarters are in New York, the company has major offices in many locations across the world.
American International Group, Inc. (NYSE:AIG) is infamous for requiring a $180 billion during the 2007-08 financial crisis which led to the Great Recession. While many people are aware of the company obtaining the bailout, few know that American International Group, Inc. (NYSE:AIG) returned $205 billion to the government in 2012.
3. MetLife, Inc. (NYSE:MET)
Total revenue of the company (in millions): 71,080
Total profits of the company (in millions): 6,554
Total assets of the company (in millions): 759,708
Total employees of the company: 43,000
The holding company for Metropolitan Life Insurance Company, MetLife, Inc. (NYSE:MET) provides annuities, insurance and employee benefit programs and has been doing so for over 150 years. MetLife, Inc. (NYSE:MET) currently has more than 90 million customers spread across more than 60 countries and holds leading market positions in Latina America, Asia Pacific, Japan, the Middle East and Europe. MetLife, Inc. (NYSE:MET) counts 90 Fortune 500 companies as its client. The company is also well-known for holding the naming rights to MetLife stadium. Despite spinning off its life insurance and annuities business for the retail market into a separate company in 2017, it is still among the premier insurance companies in USA.
2. Prudential Financial, Inc. (NYSE:PRU)
Total revenue of the company (in millions): 70,934
Total profits of the company (in millions): 7,724
Total assets of the company (in millions): 937,582
Total employees of the company: 40,916
Prudential Financial, Inc. (NYSE:PRU) provides insurance and retirement planning in addition to investment management to not just retail consumers but institutions as well. Prudential Financial, Inc. (NYSE:PRU) is among the biggest insurance companies in the world and maintains operations in around 40 countries. Prudential Financial, Inc. (NYSE:PRU) also has the highest value of assets of any insurance company in the United States. The company has been often counted among the best companies to work for in the country.
1. UnitedHealth Group Incorporated (NYSE:UNH)
Total revenue of the company (in millions): 287,597
Total profits of the company (in millions): 17,285
Total assets of the company (in millions): 212,206
Total employees of the company: 350,000
Topping the list of the top insurance companies in USA is UnitedHealth Group Incorporated (NYSE:UNH). One of the largest insurance companies in the world, UnitedHealth Group Incorporated (NYSE:UNH) is also one of the biggest companies in the world by revenue regardless of industry. UnitedHealth Group Incorporated (NYSE:UNH) is currently worth over half a trillion dollars and is one of the few companies in the U.S. to have actually gained in share price in YTD 2022.
