2024’s Top 10 Insurance Companies in the USA:- After the pandemic, the insurance industry was affected the most because of frequent claims by customers, inflation rates, and many other factors. Because of this, premium rates have risen, and consumers have started looking for insurance companies that provide insurance at the best terms according to their needs.
Therefore, insurance companies also start improving themselves to fulfil customer needs. Companies start trying to differentiate themselves from their competitors by enhancing their customer service and improving their digital tools, and most importantly, they make the claim processing process easy.
So, are you looking for the best Insurance companies in the USA? If yes, then you are at the right place because, in this article, we will provide you with a list of the Top 10 insurance companies in the USA.
We make this list of insurance companies based on publicly traded insurers in the country based on market cap. So now, without wasting your time, here is the list of the top 10 insurance companies in the USA.
List of Top 10 Insurance Companies in the USA
1. UnitedHealth Group
Best Health Insurance Company in USA – Key Highlights
| Key Highlights | |
|---|---|
| Aspect | Description |
| Company Name | UnitedHealth Group |
| Headquarters | Minnetonka, Minnesota, USA |
| Founded | 1977 |
| Founder | Richard T Burke |
| CEO | Andrew Witty |
| Industry | Healthcare and Health Insurance |
| Products and Services | Health insurance, healthcare services, pharmacy benefit management, technology solutions, and more. |
| Revenue (2024) | UnitedHealth Group projected a revenue of approximately $403 billion for the year 2024. |
| Employees | Approximately 400,000 |
| Divisions | Optum (health services and innovation) and UnitedHealthcare (health insurance) |
| Key Subsidiaries | OptumRx, OptumInsight, Optum360, OptumCare, and more. |
| Market Presence | One of the largest healthcare companies in the world, serving millions of individuals and businesses. |
| Notable Achievements | Consistently ranked on the Fortune 500 list, a leader in managed healthcare and innovative healthcare solutions. |
| Mission Statement | “To help people live healthier lives and make the health system work better for everyone.” |
| Website | UnitedHealth Group |
Know About – UnitedHealth Group Insurance Company
UnitedHealth Group headquarters is in Minnetonka, Minnesota; they are top on our list with a total market capitalization of $443.30 billion. Sir Andrew Witty is the CEO of this giant company. They mainly offer various kinds of health insurance plans to their customers.
United Health Group is the largest insurance company according to market cap in the USA. They serve their clients with a team of 85,000 physicians and nurses to give medical benefits to their 7.5 million clients across 150 countries. According to their market cap, they are the health insurance giant in the USA.
2. Elevance Health
Best Healthcare and Health Insurance Company in USA – Key Highlights
| Aspect | Description |
| Company Name | Elevance Health, Inc. |
| Headquarters | Indianapolis, Indiana, United States |
| Founded | 2004 |
| Founder | Gail Koziara Boudreaux |
| CEO | Gail Koziara Boudreaux |
| Industry | Healthcare and Health Insurance |
| Products and Services | Health Insurance Plans, Healthcare Management Services, Wellness Programs, Telehealth Services Disease Management Programs, Pharmacy Benefit Management (PBM) Services, Health Technology Solutions, Care Coordination Services, Employee Health and Wellness Solutions, Health Education and Information Resources, Data Analytics and Insights, Customized Health Solutions and more |
| Revenue (2024) | As of the first quarter of 2024, Elevance Health’s revenue has grown by 10.03% year over year, totalling $168.62 billion. |
| Employees | 1,02,300 |
| Divisions | 1.7 million+ care provider relationships nationwide. 47 million+ total medical membership. 11.6% of U.S. births are covered by a health plan affiliate. 119 million people served. |
| Key Subsidiaries | 1.7 million+ care provider relationships nationwide. 47 million+ total medical membership. 11.6% of U.S. births are covered by a health plan affiliate. 119 million people served. |
| Market Presence | As of October 2023, Elevance Health has a market cap of $104.13 Billion. |
| Notable Achievements | 1.7 million+ care provider relationships nationwide. 47 million+ total medical membership. 11.6% of U.S. births covered by a health plan affiliate. 119 million people served. |
| Mission Statement | “Elevance Health’s mission is to improve lives and communities through a holistic approach, promoting better outcomes, equity, and accessibility within the health system. With nearly 100,000 dedicated associates, we reflect the diverse communities we serve, striving to exceed expectations and make a positive impact on healthcare and well-being.” |
| Website | elevancehealth.com |
Know About – Elevance Health Insurance Company
Elevance Health’s headquarters is in “Indianapolis, Indiana. Their total market capitalization is $111.37 billion. The company changed its business name in June 2022. Formerly, the company name was Anthem.
They serve their 32 million clients with a network of 1.7 million doctors and hospitals. The company offers various types of health insurance plans, like eye, medical, and dental care. Individuals and employers can buy these insurance plans through the firm’s subsidiaries Anthem Blue Cross Blue Shield and Wellpoint.
3. Cigna
Best Managed Healthcare Insurance Company in USA – Key Highlights
| Aspect | Description |
|---|---|
| Company Name | The Cigna Group (Cigna) |
| Headquarters | Bloomfield, Connecticut, United States |
| Founded | 1982 |
| Founder | David Cordani |
| CEO | David Cordani |
| Industry | Managed healthcare Insurance |
| Products and Services | Healthcare services, Health insurance, Life insurance, PBM and more. |
| Revenue (2024) | In 2024, Cigna is expected to generate a revenue of approximately $228.39 billion, according to analyst estimates. |
| Employees | 70,231 |
| Divisions | Cigna HealthcareSM and Evernorth Health Services® |
| Key Subsidiaries | medical, dental, disability, life and accident insurance |
| Market Presence | Cigna Group’s extensive global presence and diverse range of healthcare services make it a prominent player in the health insurance and healthcare services industry, serving the needs of individuals, employers, and communities across the world. |
| Notable Achievements | Cigna Group is celebrated for its consistent presence on the Fortune 500 list, reflecting financial strength and market impact. Its commitment to innovation, diversity, and health equity has garnered recognition. |
| Mission Statement | Cigna Group’s mission is to enhance the health and well-being of those they serve. They aim to provide quality healthcare solutions, promote innovation, and improve accessibility to comprehensive healthcare for all. |
| Website | cigna.com |
Know About – The Cigna Group (Cigna) Insurance Company
Cigna’s headquarters is situated in Bloomfield, Connecticut. Their total market capitalization is $85.78 billion. Approximately, they have more than 190 million clients across over 30 countries.
They serve their customers with the help of a team of 70,000 health and insurance professionals. The company offers various types of dental and health policies. They have two business units to deliver these services.
- Evernorth Health Services
- Cigna Healthcare
4. Progressive Insurance
Best Auto and Home Insurance Company in the USA – Key Highlights
| Aspect | Description |
|---|---|
| Company Name | Progressive Insurance |
| Headquarters | Mayfield Village, Ohio, USA |
| Founded | 1937 |
| Founder | Joseph Lewis and Jack Green |
| CEO | Tricia Griffith |
| Industry | Insurance (Auto, Home, and more) |
| Products and Services | Auto insurance, home insurance, renters insurance, motorcycle insurance, boat insurance, and various other insurance offerings. |
| Revenue (2024) | $43.127 billion |
| Employees | Approximately 55,100 |
| Market Presence | One of the largest auto insurers in the USA, with a significant presence in personal and commercial lines of insurance. |
| Notable Achievements | Known for innovative policies, the “Name Your Price” tool, and a strong advertising presence. Consistently ranks among the largest insurance companies in the US. |
| Mission Statement | “To help you navigate the journey ahead, with the choice, flexibility, and support you need for peace of mind.” |
| Website | Progressive Insurance |
Know About – Progressive Insurance Company
The headquarters of this company is in Mayfield, Ohio; its total market capitalization is $83.25 billion. The company mainly offers Property and casualty insurance.
Progressive gives the best customer service to their clients. They are the leading home, auto, and commercial insurance provider in the USA. They offer various types of insurance according to the customer’s needs. So, if you are planning to insure your business, property, or vehicle, you can check their insurance plans. By their online platform, it is user-friendly and easy to use. Any new or existing customer can easily access it.
5. MARSH & McLENNAN COMPANIES
Best Risk Management, Investment, Insurance, HR Services, Consulting Company in USA – Key Highlights
| Aspect | Description |
|---|---|
| Company Name | MARSH & McLENNAN COMPANIES |
| Headquarters | New York City, New York, USA |
| Founded | 1905 |
| Founder | Henry W. Marsh and Donald R. McLennan |
| CEO | John Q. Doyle |
| Industry | Professional Services (Risk Management, Insurance, HR Services, Consulting) |
| Services and Offerings | Risk and insurance services, reinsurance, consulting, talent management, health, retirement, and investment services. |
| Revenue (2024) | $17.2 billion |
| Employees | Approximately 85,000 |
| Divisions | Marsh (risk and insurance services), Guy Carpenter (reinsurance), Mercer (consulting and HR services), and Oliver Wyman (management consulting). |
| Market Presence | One of the world’s largest professional services firms, serving clients in over 130 countries. |
| Notable Achievements | Recognized as a global leader in risk management, insurance, and consulting. Consistently ranked among the largest professional services firms. |
| Mission Statement | “We are in the business of helping our clients meet their objectives and manage their risks.” |
| Website | Marsh McLennan Companies |
Know About – MARSH & McLENNAN COMPANIES Insurance Company
The company headquarters is in New York; their market capitalization is $80.12 billion. Marsh McLennan Companies stands as a global leader in risk, insurance, and professional services, delivering unparalleled expertise to businesses worldwide. With a legacy of innovation, they offer strategic solutions in risk management, employee benefits, and consulting services.
Renowned for their industry-specific insights and tailored approaches, with the help of Marsh McLennan Companies, they empower organizations to navigate complex challenges confidently. Their unwavering commitment to client success makes them a trusted partner in the ever-changing business landscape.
Experience top-tier solutions and unparalleled support with Marsh McLennan Companies, your gateway to sustainable growth and resilience.
6. Humana
Best Medicare plans and health insurance coverage Plans in the USA – Key Highlights
| Aspect | Description |
|---|---|
| Company Name | Humana |
| Headquarters | Louisville, Kentucky, USA |
| Founded | 1961 |
| Founder | Lawyers David A. Jones Sr. and Wendell Cherry |
| CEO | Bruce D. Broussard |
| Industry | Healthcare and Health Insurance |
| Products and Services | Health insurance plans, Medicare and Medicaid plans, prescription drug coverage, wellness programs, and healthcare services. |
| Revenue (2024) | between $100.7 billion to $102.7 billion |
| Employees | Approximately 67,100 |
| Market Presence | One of the largest health insurance and healthcare services companies in the United States, serving millions of members. |
| Notable Achievements | Consistently ranked on the Fortune 500 list, known for its Medicare Advantage plans and commitment to improving health and well-being. |
| Mission Statement | “To help people achieve lifelong well-being by providing healthcare and health-related services, supporting a safe and healthy environment, and promoting individual health and responsibility.” |
| Website | Humana |
Know About – Humana Insurance Company
Their Headquarters is in Louisville, Kentucky, and their total market capitalization is $62 billion. If you are looking for a government-sponsored range of healthcare insurance, this company is the best fit for you.
In addition, they also offer Medicaid plans, Medicare plans, Group health plans, Dental plans, Vision plans, and Pharmaceutical plans. However, Humana operates three business units: Retail, group, speciality, and health services.
7. MetLife
Best Life, Dental and Disability Insurance Plans in USA – Key Highlights
| Aspect | Description |
|---|---|
| Company Name | MetLife |
| Headquarters | New York City, New York, USA |
| Founded | 1868 |
| Founder | Joseph F. Knapp |
| CEO | Michel A. Khalaf |
| Industry | Insurance (Life, Dental, Disability, and more) |
| Products and Services | Life insurance, annuities, dental insurance, disability insurance, vision insurance, and employee benefits solutions. |
| Revenue (2024) | Approximately $70.9 billion |
| Employees | Approximately 48,000 |
| Market Presence | One of the largest global insurance and employee benefits providers, serving customers in over 60 countries. |
| Notable Achievements | Long-standing history, recognized for its insurance and financial solutions, and a strong presence in employee benefits. Consistently ranks among the largest insurance companies. |
| Mission Statement | “At MetLife, we are in the business of making a meaningful difference in people’s lives. Our purpose is to help provide financial freedom for all. Our goal is to make lives a little more easy.” |
| Website | MetLife |
Know About – Metlife Insurance Company
Their headquarters is in New York, with a market capitalization of $55.52 billion. Metlife is the biggest insurance company in the USA. They mainly offer life and health insurance.
In addition, they also offer property and casualty insurance plans. However, they serve more than 100 million clients in around 40 countries. This big giant also operates in Asia, Latin America, Europe, the Middle East, and Africa. They also offer other financial products like retirements, annuities, etc, to their customers.
8. AIG Life Insurance
Best Property, Casualty, Life, Retirement Insurance Plans in USA – Key Highlights
| Aspect | Description |
|---|---|
| Company Name | AIG (American International Group) |
| Headquarters | New York City, New York, USA |
| Founded | 1919 |
| Founder | Cornelius Vander Starr |
| CEO | Peter S. Zaffino |
| Industry | Insurance (Property, Casualty, Life, Retirement) |
| Products and Services | Property and casualty insurance, life insurance, retirement products, and other financial services. |
| Revenue (2024) | $52.032 billion |
| Employees | Approximately 49,600 |
| Market Presence | A multinational insurance and financial services company with operations in more than 80 countries. |
| Notable Achievements | Historically, it is one of the largest insurance and financial services companies globally, with a strong presence in property and casualty insurance. |
| Mission Statement | “We are one of the world’s largest insurance organizations, with more than 80 million customers around the world. We’re leaders in property casualty insurance, life insurance and retirement services, mortgage insurance, and aircraft leasing.” |
| Website | AIG |
Know About – AIG Life Insurance Company
American International Group, Inc. (AIG) headquarters is in New York, its market capitalization is $44.94 billion. they offer various types of policies, property, casualty, and life insurance plans under one roof.
At present, they serve their clients in approximately 70 countries with the help of a team of 46,000 employees.AIG is one of the largest companies in the USA based on its market capitalization.
9. Travelers
Best American Insurance Company 2024 – Key Highlights
| Aspect | Description |
|---|---|
| Company Name | Travelers |
| Headquarters | New York City, New York, USA |
| Founded | 1853 |
| Founder | James G. Batterson |
| CEO | Alan D. Schnitzer |
| Industry | Insurance (Property, Casualty, Business) |
| Products and Services | Auto insurance, home insurance, business insurance, property and casualty insurance, surety bonds, and specialized industry coverage. |
| Revenue (2024) | Approximately $40.07 billion |
| Employees | Approximately 30,000 |
| Market Presence | A leading property and casualty insurance company with a strong presence in the United States and select international markets. |
| Notable Achievements | Known for its long history, financial strength, and wide range of insurance solutions for individuals and businesses. |
| Mission Statement | “Our mission is to provide our customers with the peace of mind of knowing they have the right coverage at the right time. Our commitment to our customers is the foundation of our business and the reason we exist.” |
| Website | Travelers |
Know About – Travelers American Insurance Company
Travelers headquarters is in New York, and its market capitalization is $42.71 billion. Travelers is a leading insurance company that ensures peace of mind for individuals and businesses with their various types of insurance products, including auto, home, and business coverage.
They offer insurance plans to meet the specific needs of their clients. Their commitment to exceptional customer service and prompt claims processing makes them a trusted choice for reliable and comprehensive insurance protection.
10. Arthur J. Gallagher & Co.
Best insurance, risk management & consulting services in the USA – Key Highlights
| Aspect | Description |
|---|---|
| Company Name | Arthur J. Gallagher & Co. |
| Headquarters | Rolling Meadows, Illinois, USA |
| Founded | 1927 |
| Founder | J. Patrick Gallagher Jr |
| CEO | J. Patrick Gallagher, Jr. |
| Industry | Insurance and Risk Management Services |
| Services and Offerings | Insurance brokerage, risk management, consulting, employee benefits, and various specialized industry solutions. |
| Revenue (2024) | Approximately $2.45 billion |
| Employees | Approximately 33,000 |
| Market Presence | A global insurance brokerage and risk management firm serving clients in over 150 countries. |
| Notable Achievements | Recognized for its comprehensive risk management and insurance services, with a strong presence in commercial and speciality insurance lines. |
| Mission Statement | “To be the preeminent global property and casualty insurance and risk management services firm. We are committed to delivering the highest level of expertise, innovation, and client service.” |
| Website | Arthur J. Gallagher & Co. |
Know About – Arthur J. Gallagher & Co. Insurance Company
Arthur J. Gallagher & Co. headquarters is in Rolling Meadows, Illinois; it has a market capitalization of $42.71 billion.
Globally, they are recognized as an insurance brokerage and risk management firm dedicated to delivering unparalleled services to businesses of all sizes.
With expertise spanning various industries, Gallagher provides tailored solutions to mitigate risks and enhance resilience.
Clients trust their innovative approach, making Gallagher a go-to partner for comprehensive, customized insurance strategies, ensuring peace of mind and sustainable growth.
Final Talk
So here we share the list of the Top 10 insurance companies in the USA according to their market capitalization; we also write about the company’s products and insurance plans they offer to their existing and new customers. If you find this article helpful, please share this with your friends and family.
FAQ
You can check our above article, where we list the top 10 insurance companies in the USA.
UnitedHealth Group is the world’s largest insurance company. It is situated in the USA. You can find more information about this company in our above article.
There are many big insurance companies in the USA, but in the above article, we share the list of the top 10 insurance companies in the USA according to their market capitalization.
You can also connect with us on Facebook Page, Twitter or Instagram for daily updates.
Read Also:-
- Are You Ready to Buy Life Insurance? 10 Crucial Questions to Ask Before You Do
- Term Insurance vs. Whole Life Insurance: Which is the Right Choice for You?
- Tax Considerations for Life Insurance: Do You Need to Worry About Taxes on Your Benefits?
- How to Find the Best Car Accident Lawyer in the USA
- Top Best Car Accident Lawyer in the USA
- IRS Tax Debt Relief Program 2024: Guide to Resolving Tax Debt Issues
- How to check the liquidity of crypto?
- What does the Federal Reserve System do?
- 2024’s Best Accredited Online Business Degree Programs: A Comprehensive Guide
- Accelerated Online Associate’s Degree Programs 2024: Achieve in Just 6 Months