Top 20 largest US insurance companies 2020

Top US insurance companies

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 life and health insurance, property and casualty insurance, business and commercial insurance, and reinsurance.

365体育登录The top American insurance companies are key actors of the financial sector and they play a major role in the economy through the management of risks. However, they are engaged in a fierce competition against each other for market share in the US and abroad, and face competition from foreign insurers looking to expand their foothold in their domestic market. Other financial companies, such as banks and financial services companies, also challenge them in their insurance and risk management activities in financial 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, have already grown to become “unicorns”: startups with a valuation above 1 billion dollars.

365体育登录Nevertheless, insurance companies are still a pillar of the US economy and they will remain in this position for the foreseeable future. The US is such a great business arena for insurers to prosper that they can actually use their national foothold to expand abroad and conquer new markets. Whether they provide life and health insurance, property and casualty insurance, insurance brokering services or reinsurance, insurance companies are in the US to stay, and potentially, also to conquer the rest of the world.

List of the top 20 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.

For more information on other leading American companies, check our other posts:

365体育登录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 Spreadsheet.

Shortcuts to each insurance company

To facilitate your browsing in this long list, here are quick links to go directly to the details of any of the top 20 American insurance companies. Be sure to also check the Top 10 insurance companies’ summary after the list!

– Market Cap.: $ 11.408 Billion – Stock symbol: RE

– Market Cap.: $ 11.723 Billion – Stock symbol: GL

– Market Cap.: $ 11.793 Billion – Stock symbol: LNC

– Market Cap.: $ 14.271 Billion – Stock symbol: WRB

365体育登录 – Market Cap.: $ 15.376 Billion – Stock symbol: PFG

365体育登录 – Market Cap.: $ 15.839 Billion – Stock symbol: L

– Market Cap.: $ 18.38 Billion – Stock symbol: CINF

365体育登录 – Market Cap.: $ 19.74 Billion – Stock symbol: AJG

– Market Cap.: $ 21.584 Billion – Stock symbol: HIG

– Market Cap.: $ 25.661 Billion – Stock symbol: WLTW

– Market Cap.: $ 34.751 Billion – Stock symbol: TRV

– Market Cap.: $ 37.754 Billion – Stock symbol: PRU

365体育登录 – Market Cap.: $ 38.469 Billion – Stock symbol: AFL

– Market Cap.: $ 39.667 Billion – Stock symbol: ALL

– Market Cap.: $ 46.508 Billion – Stock symbol: AIG

365体育登录 – Market Cap.: $ 47.211 Billion – Stock symbol: MET

365体育登录 – Market Cap.: $ 48.676 Billion – Stock symbol: PGR

365体育登录 – Market Cap.: $ 53.706 Billion – Stock symbol: AON

365体育登录 – Market Cap.: $ 58.686 Billion – Stock symbol: MMC

– Market Cap.: $ 72.611 Billion – Stock symbol: CB

Summary: Top 10 US Insurance Companies 2020

365体育登录To give you a quick overview of the largest American insurance companies in 2020, here is a synthesizing image regrouping the information of the top 10. Note that you can use this image to embed it on your website and other digital properties using the embed code below.

Top 10 US Insurance Companies 2020

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Here are the 20 largest American insurance companies. Do you think they are worth their market capitalization? Do they provide a valuable and convenient service? Do they have too much economic power… and maybe political power too?

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