A large safety net intricately woven to catch both individuals and businesses alike in times of uncertainty and unrest. The United States insurance industry is an immense framework designed to mitigate risk and provide a layer of security. One of the largest in the world, the U.S. has traditionally led the industry with high premium volumes and employee numbers, as well as insurance company revenues.
exceed one trillion U.S. dollars annually. MetLife is one of the largest global insurers and is headquartered in New York. In 2023, their
from U.S. business operations amounted to almost 70 billion U.S. dollars at the time.
Leading insurers
Being the largest insurance market in the world, the U.S. is also home to many of the
world’s leading insurance companies. In 2024, the U.S. insurance industry was led by
Berkshire Hathaway, Prudential Financial, and MetLife in terms of total assets held by each company. Prudential Financial provides investment management and other financial products along with insurance services, while Berkshire Hathaway is a holding company with subsidiary companies that engage in freight rail transportation, energy generation and distribution, manufacturing, and retailing in addition to insurance.
Life & health insurance
Health insurance is an ever-present topic in the United States, especially since the introduction of Obamacare in 2010 which expanded coverage to previously uninsured Americans. Several types of health insurance exist in the United States - including varieties of private and public coverage. UnitedHealth Group Inc has been the
largest health insurance company by direct premiums written with a 14 percent market share. As of February 2025, UnitedHealth was also placed as the
largest life insurance company in the U.S. by market capitalization having roughly 266 billion U.S. dollars more than Progressive which ranked in second. The insurance industry is an important necessity required by countless individuals and businesses to protect daily operations and secure futures. Acting as a means of protection required by all, the industry has grown to be exponentially lucrative, with the future potential for many U.S. players to generate even further gains in the market.
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