Top 50 Largest Insurance Companies in the US (2022)

RankCompanyCountryMarket Cap (in millions)
1.Berkshire Hathaway (BRKA)US $636,270
2.Berkshire Hathaway (BRK_B)US $635,396
3.Chubb (CB)Switzerland$79,323.00
4.Progressive (PGR)US $65,881
5.Travelers (TRV)US $37,965
6.Allstate (ALL)US $32,096
7.Cincinnati Financial (CINF)US $18,048
8.Markel (MKL)US $17,371
9.W.R Berkley (WRB)US $16,901
10.Arch Capital Group (ACGL)Bermuda$16,559
11.CNA Financial (CNA)US $11,631
12.American Financial (AFG)US $1,340
13.Alleghany ()US $1,297
14.Everest Re Group (RE)Bermuda$10,799
15.Fidelity National Financial (FNF)US $10,728
16.RenaissanceRe Holdings (RNR)Bermuda$6,179
17.First American Financial (FAF)US $6,025
18.CCC Intelligent Solutions Holdings (C.US $5,995
19.Kinsale Capital (KNSL)US $5,214
20.RLI (RLI)US $5,143
21.Hanover Insurance (THG)US $5,001
22.Selective Insurance (SIGI)US $4,987
23.Axis Capital Holdings (AXxs)Bermuda$4,629
24.White Mountains Insurance Group (W..US $3,682
25.Mercury General (MCY)US $2,299
26.NMI Holdings Inc (NMIH)US $1,588
27.Palomar Holdings (PLMR)US $1,480
28.Stewart Information Services (STC)US $1,397
29.Safety Insurance (SAFT)US $1,323
30.ProAssurance (PRA)US $1,214
31.Argos (ARG0)Bermuda$1,171
32.United Fire (UFCS)US $835
33.HCI (HCI)US $688
34.Ambac Financial (AMBC)US $551
35.Donegal (DGICA)US $506
36.Donegal (DGICB)US $505
37.Global Indemnity (GBLI)US $376
38.UNIVERSAL INSURANCE HOLDINGSUS$357
39.NI Holdings (NODK)US $302
40.Root (ROOT)US $270
41.Investors Title (ITIC)US $267
42.Greenlight Capital Re (GLRE)Cayman Islands$238
43.Maiden Holdings (MHLD)Bermuda$178
44.Kingsway Financial Services (KFS)US $146
45.Heritage Insurance Holdings (HRTG)US$65
46.ICC Holdings (ICCH)US $56
47.United Insurance Holdings (UIHC)US $48
48.Hallmark Financial Services (HALL)US $45
49.Kingstone (KINS)US $41
50.Conifer Holdings (CNFR)US $17

Berkshire Hathaway is the largest Insurance company in the US. The company is not an insurance pure player but is holding company covering several businesses.

Financial sector remains the largest sector in Berkshire Hathaway portfolio. The company owns at least 70 different insurance companies, out of which GEICO & GenRe are the largest.

The Progressive Corporation is the second largest American insurance company in the US by Market Cap. The company’s Market Cap stands at $65 billion as of July, 2022. The company is headquartered in Mayfield Village, Ohio, US.

Which is the largest Insurance company in US?

Berkshire Hathaway is the largest Insurance company in the US.

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