Top 6 US insurance companies 2022
1. State Farm
Overview
State Farm is another insurance company with a long and storied history. Founded in 1922 by a retired farmer, State Farm has grown from humble beginnings to offer a broad range of insurance products today. At the moment, State Farm comes in at number 39 on the Fortune 500 list of largest companies.4 This company also boasts an A++ rating for financial strength from AM Best, which is the highest rating possible.5
Also, note that State Farm secured the highest ranking in the J.D. Power 2020 U.S. Life Insurance Study, which compared the experiences of life insurance and annuity customers nationwide.6
When it comes to the life insurance products it offers, State Farm lets consumers purchase term life insurance coverage, whole life insurance, and universal life insurance. State Farm also makes it easy to enter your information and get a free quote online for term life.
State Farm extends instant answer term life insurance coverage you can apply for online, and these policies can be purchased with no medical exam. You do have to answer health questions in your application, however.
How much does life insurance with State Farm cost? Request a quote online or speak to an agent to find out.
2. Marsh & McLennan
Marsh & McLennan logoIndustry: Insurance Brokers
Marsh & McLennan Companies, Inc. is a global professional services company operating in insurance brokerage, risk management, reinsurance services, talent management, investment advisory, and management consulting. Tracing its origins to 1905 and headquartered in New York City, Marsh & McLennan operates in insurance through its subsidiaries, Marsh, Guy Carpenter, and Jardine Lloyd Thompson, and in consulting with Mercer and Oliver Wyman Group.
Website: mmc.com – Market Cap.: $55.7 Billion – Stock ticker: MMC
3. Progressive
Progressive logoIndustry: Property & Casualty Insurance
The Progressive Corporation, more simply known as Progressive, is an insurance company, especially involved in car insurance in America. Founded in 1937 and headquartered in Mayfield Village, Ohio, Progressive offers insurance for motorcycles, boats, RVs, and commercial vehicles, as well as home insurance. It has expanded its offer of car insurance in Australia.
Website: progressive.com – Market Cap.: $51 Billion – Stock ticker: PGR
4. MetLife
MetLife logoIndustry: Life Insurance
MetLife, Inc. is among the largest global providers of insurance, annuities, and employee benefit programs through its subsidiary Metropolitan Life Insurance Company. Founded in 1968, MetLife operates in home, car, and life insurance, commercial mortgages and securities backed by commercial mortgages, and sovereign debt. It conducts business throughout the United States, Japan, Latin America, Asia Pacific region, Europe, and the Middle East.
Website: metlife.com – Market Cap.: $43.3 Billion – Stock ticker: MET
5. Travelers
Travelers logoIndustry: Property & Casualty Insurance
The Travelers Companies, Inc., better known as Travelers, is an insurance company headquartered in New York City, particularly involved in commercial property-casualty insurance. One of the largest insurers in the US, Travelers operates in personal insurance, business insurance, and bonds. It has expanded in the United Kingdom, Ireland, Singapore, China, Canada, and Brazil.
Website: travelers.com – Market Cap.: $34.4 Billion – Stock ticker: TRV
6. Allstate
Allstate logoIndustry: Property & Casualty Insurance
The Allstate Corporation is an insurance company headquartered in Northfield Township, Illinois. Tracing its origins to 1931, Allstate Corporation has grown to become the largest publicly traded property-casualty insurance in the US, offering individual auto and property insurance together with business and commercial insurance as well as an array of associated insurance products. Allstate operates 19 companies in the United States, United Kingdom, Canada, and India.
Website: allstate.com – Market Cap.: $32.6 Billion – Stock ticker: ALL
