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Mar 31, 2024 · To make our list of the biggest insurance companies in the US in terms of assets, we sifted out American insurance companies that are part of the Fortune 500 and ranked them by their...
- 25 Largest Insurance Companies in the US by Assets
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- 15 Largest Insurance Companies In The US by Market Cap
Aflac Inc. (NYSE:AFL) is an American insurance company that...
- 25 Largest Insurance Companies in the US by Assets
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- Lincoln National Corporation (NYSE:LNC) Total assets of the company in 2021 (in millions of dollars): 365,948. Total revenue of the company in 2021: (in millions of dollars): 17,439.
- New York Life Insurance. Total assets of the company in 2021 (in millions of dollars): 359,313. Total revenue of the company in 2021: (in millions of dollars): 46,712.
- Massachusetts Mutual Life Insurance. Total assets of the company in 2021 (in millions of dollars): 322,936. Total revenue of the company in 2021: (in millions of dollars): 23,663.
- Northwestern Mutual. Total assets of the company in 2021 (in millions of dollars): 308,767. Total revenue of the company in 2021: (in millions of dollars): 33,782.
Mar 30, 2024 · The five largest insurance companies in the U.S. based on assets are Berkshire, Prudential Financial, Metlife, American International Group and New York Life. The top 10 U.S. insurance companies hold combined total assets of over $4.8 trillion.
- UnitedHealth Group. Headquarters location: Minnetonka, Minnesota. Market capitalization: $443.30 billion. Underwriting expertise: Health insurance. The largest insurance company in the US based on market cap, UnitedHealth Group draws on its strong manpower pool of 85,000 physicians and nurses to deliver medical and dental benefits to its 7.5 million clients across 150 countries.
- Elevance Health. Headquarters location: Indianapolis, Indiana. Market capitalization: $111.37 billion. Underwriting expertise: Health insurance. Formerly known as Anthem, Elevance Health rebranded to its current name in June 2022.
- Cigna. Headquarters location: Bloomfield, Connecticut. Market capitalization: $85.78 billion. Underwriting expertise: Health insurance. Boasting a workforce of 70,000 health and insurance professionals, Cigna serves more than 190 million clients across over 30 countries and territories.
- Progressive Insurance. Headquarters location: Mayfield, Ohio. Market capitalization: $83.25 billion. Underwriting expertise: Property and casualty insurance.
- Preferred Provider Organization (PPO) Plan
- Health Maintenance Organization (HMO) Plan
- Point of Service (POS) Plan
- Exclusive Provider Organization (EPO) Plan
Encourages using a network of preferred doctors and hospitals for discounted rates.No requirement to select a primary care provider (PCP).Offers the flexibility to see any doctor within the network.Features an annual deductible and may involve co-payments or co-insurance.Provides healthcare services through an exclusive network of providers.Requires choosing a primary care doctor and obtaining referrals for specialists.Typically has lower out-of-pocket costs and low co-payments and may not have a deductible.Best for those seeking lower premiums, lower prescription drug costs, and PCP advocacy.Combines features of HMO and PPO plans.Requires selecting a primary care doctor.Services from the PCP often have no deductible.Services from non-network providers may involve deductibles and lower coverage.Requires using network doctors, except in emergencies.Involves a PCP who provides specialist referrals, co-payments, and possibly a deductible.Ideal for those comfortable with a smaller provider panel and seeking lower rates.Jan 22, 2024 · Aflac Inc. (NYSE:AFL) is an American insurance company that ranks among the top 10 largest insurance companies in the US by market cap.
Feb 26, 2024 · Kaiser Permanente is the largest health insurance company in the U.S., followed by two Blue Cross Blue Shield companies (Elevance Health and HCSC), according to S&P Global Market Intelligence.
