The U.S. insurance industry is one of the largest in the world, serving millions of individuals, families, and businesses with a wide array of coverage options. The market includes various sectors, such as life, health, property and casualty, and specialty insurance. As of 2025, these are the 15 largest insurance companies in the United States, ranked by revenue, market share, and financial strength. These companies dominate the market due to their vast customer bases, wide range of offerings, and long-standing reputations.
1. State Farm
Headquarters: Bloomington, Illinois
Total Revenue (2025): $95.3 billion
Market Share: 9.2%
State Farm is the largest property and casualty insurance provider in the U.S. It offers a range of services, including auto, home, life, and health insurance. With over 58,000 employees and a network of agents across the country, State Farm continues to maintain its leadership in the industry. The company's significant revenue from auto insurance and strong focus on customer service have kept it at the top.
Key Offerings:
Auto Insurance
Home Insurance
Life Insurance
Health Insurance
Business Insurance
2. Berkshire Hathaway
Headquarters: Omaha, Nebraska
Total Revenue (2025): $62.8 billion
Market Share: 8.5%
Berkshire Hathaway, headed by Warren Buffett, is not only a leading insurance company but also a major multinational conglomerate. Its insurance arm includes companies like GEICO, one of the largest auto insurers in the U.S. The company’s diverse portfolio spans multiple industries, but its insurance division remains a cornerstone of its success.
Key Offerings:
Auto Insurance (GEICO)
Homeowners Insurance
Life Insurance
Commercial Insurance
Reinsurance
3. Progressive
Headquarters: Mayfield Village, Ohio
Total Revenue (2025): $49.5 billion
Market Share: 6.8%
Progressive is one of the fastest-growing insurance companies in the U.S. Known for its innovative approach, particularly in the realm of digital sales and marketing, Progressive has captured significant market share in auto insurance, offering competitive rates and a user-friendly online experience.
Key Offerings:
Auto Insurance
Motorcycle Insurance
Boat Insurance
Commercial Insurance
Homeowners Insurance
4. Allstate
Headquarters: Northbrook, Illinois
Total Revenue (2025): $46.2 billion
Market Share: 5.5%
Allstate has long been a dominant player in the U.S. insurance market, providing coverage for cars, homes, and businesses. It is known for its strong brand recognition, particularly through its iconic "You're in Good Hands" campaign. Allstate has recently made significant investments in technology to improve customer experience and claims processing.
Key Offerings:
Auto Insurance
Homeowners Insurance
Life Insurance
Renters Insurance
Business Insurance
5. UnitedHealth Group
Headquarters: Minnetonka, Minnesota
Total Revenue (2025): $550 billion (Health Insurance Focus)
Market Share: 4.5%
UnitedHealth Group is the largest health insurance provider in the U.S. through its UnitedHealthcare division. In addition to providing health insurance, UnitedHealth also offers a wide range of services in health care delivery, technology solutions, and pharmaceuticals. Its size and scope in the health insurance market give it unparalleled reach.
Key Offerings:
Health Insurance
Medicare Advantage Plans
Pharmacy Benefits
Medicaid
6. MetLife
Headquarters: New York, New York
Total Revenue (2025): $75.2 billion
Market Share: 4.2%
MetLife is a global leader in the insurance and financial services sectors, offering a wide range of services to individuals, families, and institutions. Known for its life and annuity products, MetLife continues to grow its footprint in the U.S. and around the world. In addition to its core life insurance business, it also offers dental, disability, and accident insurance.
Key Offerings:
Life Insurance
Annuities
Health Insurance
Dental Insurance
Disability Insurance
7. Cigna
Headquarters: Bloomfield, Connecticut
Total Revenue (2025): $205 billion
Market Share: 3.8%
Cigna is a global health service company with a significant presence in both the U.S. and abroad. Specializing in health insurance, Cigna offers both individual and group health plans. The company has expanded its offerings with health services, including behavioral health, wellness programs, and pharmacy benefits management.
Key Offerings:
Health Insurance
Life Insurance
Pharmacy Benefits
Dental Insurance
8. Prudential
Headquarters: Newark, New Jersey
Total Revenue (2025): $70.1 billion
Market Share: 3.3%
Prudential has established itself as a leading provider of life insurance, retirement, and investment products. The company has a long history in the U.S. insurance industry, and its reach extends globally. Prudential is also known for its innovation in annuities and retirement planning.
Key Offerings:
Life Insurance
Annuities
Retirement Plans
Investment Management
9. AIG (American International Group)
Headquarters: New York, New York
Total Revenue (2025): $58.9 billion
Market Share: 2.7%
AIG is one of the largest global insurance and financial services companies, with a strong presence in the U.S. Its offerings include everything from commercial insurance to personal coverage. The company has a significant role in both the property and casualty insurance markets and has been undergoing a strong recovery since the 2008 financial crisis.
Key Offerings:
Property and Casualty Insurance
Life Insurance
Travel Insurance
Commercial Insurance
10. Nationwide
Headquarters: Columbus, Ohio
Total Revenue (2025): $52.3 billion
Market Share: 2.5%
Nationwide is a major provider of both personal and commercial insurance in the U.S. It offers a wide range of products, including auto, home, life, and health insurance. Nationwide’s strong brand and comprehensive offerings have helped it become one of the largest insurers in the country.
Key Offerings:
Auto Insurance
Homeowners Insurance
Life Insurance
Business Insurance
Farm Insurance
11. Chubb
Headquarters: Warren, New Jersey
Total Revenue (2025): $42.5 billion
Market Share: 2.2%
Chubb is one of the largest publicly traded property and casualty insurance companies in the U.S. It provides a wide array of services, from standard auto and home insurance to more specialized offerings for high-net-worth individuals and businesses.
Key Offerings:
Property Insurance
Casualty Insurance
Life Insurance
Accident Insurance
Reinsurance
12. The Hartford
Headquarters: Hartford, Connecticut
Total Revenue (2025): $24.9 billion
Market Share: 2.0%
The Hartford is known for its comprehensive offerings in both the personal and commercial lines of insurance. The company’s stronghold in business insurance has propelled its growth, along with its well-regarded claims service and long history in the industry.
Key Offerings:
Auto Insurance
Home Insurance
Commercial Insurance
Life Insurance
13. American Family Insurance
Headquarters: Madison, Wisconsin
Total Revenue (2025): $18.6 billion
Market Share: 1.8%
American Family Insurance is a prominent player in the U.S. insurance industry, focusing on personal lines such as auto, home, and life insurance. The company has a reputation for customer-centric service and innovative products, particularly for younger consumers.
Key Offerings:
Auto Insurance
Home Insurance
Life Insurance
Business Insurance
14. Travelers
Headquarters: New York, New York
Total Revenue (2025): $39.2 billion
Market Share: 1.5%
Travelers is one of the largest providers of property and casualty insurance in the U.S. The company offers a full range of insurance products for individuals, small businesses, and large corporations.
Key Offerings:
Auto Insurance
Home Insurance
Business Insurance
Workers' Compensation
15. Farmers Insurance
Headquarters: Los Angeles, California
Total Revenue (2025): $22.3 billion
Top 15 Largest Insurance Companies in the USA in 2025
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