What is the largest insurance company in the United States? Full List

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Find out which insurance company is the biggest in the US, based on their total assets. Learn about their history, products, and performance, and compare them with other insurance companies/PHOTO COURTESY: Instagram

Have you ever wondered which insurance company is the biggest in the United States?

I know I have, especially after I had a car accident last year that left me with a hefty bill and a lot of stress.

I was lucky enough to have a good insurance policy that covered most of the expenses, but I still had to deal with the hassle of filing a claim, negotiating with the adjuster, and waiting for the reimbursement.

It made me curious about how different insurance companies operate, how they make money, and how they treat their customers.

Berkshire Hathaway

According to the latest data from the National Association of Insurance Commissioners (NAIC)

The largest insurance company in the United States in 2020 was Berkshire Hathaway, with total assets of over $873 billion.

Berkshire Hathaway is a conglomerate that owns several insurance subsidiaries, such as GEICO, National Indemnity, and General Re.

The company is led by the legendary investor Warren Buffett, who is known for his value investing strategy and his philanthropic efforts.

Here are some of the reasons why Berkshire Hathaway is the largest insurance company in the United States:

Strong financial performance: Berkshire Hathaway has a long history of strong financial performance.

The company has a track record of generating profits and paying dividends to shareholders.

Diversified business portfolio: Berkshire Hathaway’s insurance business is diversified across a variety of lines of coverage, including property and casualty, life insurance, and reinsurance.

This diversification helps to reduce risk and improve profitability.

Experienced management team: Berkshire Hathaway is led by an experienced and successful management team. CEO Warren Buffett is one of the most respected investors in the world.

Prudential Financial

Berkshire Hathaway is followed by Prudential Financial, with total assets of over $615 billion.

Prudential Financial is a financial services company that offers life insurance, annuities, retirement plans, and investment products.

The company has a global presence and operates in more than 40 countries.

Prudential Financial is also known for its iconic logo of the Rock of Gibraltar, which symbolizes its strength and stability.


The third-largest insurance company in the United States in 2020 was MetLife, with total assets of over $560 billion.

MetLife is a diversified insurance company that provides life, health, property, casualty, and auto insurance, as well as employee benefits and financial services.

The company has a long history and was founded in 1868 as the Metropolitan Life Insurance Company.

MetLife is also famous for its former mascot, Snoopy, who appeared in its commercials and marketing materials for over 30 years.

These are the top three insurance companies in the United States, based on their total assets.

However, there are many other factors that can affect their performance, such as their profitability, customer satisfaction, market share, and social responsibility.

Therefore, it is important to do your own research and compare different options before choosing an insurance company that suits your needs and preferences.

If you are looking for more information about insurance, you may find the following FAQs helpful:

What is Pennsylvania auto insurance?

Pennsylvania auto insurance is the insurance coverage that drivers in Pennsylvania are required to have by law.

Pennsylvania is a no-fault state, which means that each driver’s own insurance pays for their medical expenses and lost wages.

However, drivers can also sue or be sued for pain and suffering, if the injuries are severe enough.

Minimum Auto Insurance Requirements in Pennsylvania

The minimum auto insurance requirements in Pennsylvania are:

$15,000 for bodily injury liability per person

$30,000 for bodily injury liability per accident

$5,000 for property damage liability per accident

$5,000 for medical benefits per person

Drivers can also opt for higher limits and additional coverages, such as collision, comprehensive, uninsured/underinsured motorist, and personal injury protection.

What does the PA insurance department do?

The PA Insurance Department is the state agency that regulates the insurance industry in Pennsylvania.

The department’s mission is to protect consumers, promote a competitive and healthy insurance marketplace, and ensure the solvency and integrity of insurance companies.

The department’s functions include:



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