List of United States insurance companies

Last updated

This is a list of insurance companies based in the United States. These are companies with a strong national or regional presence, having insurance as their primary business.

Contents

History

In 1752, Benjamin Franklin founded the first American insurance company as Philadelphia Contributionship. In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail. Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in the United States by 1989. [1]

U.S. insurance companies

Property and casualty insurance

Life and annuity

Health insurance (major medical insurance)

Medicare

Workers' compensation

See also

Related Research Articles

<span class="mw-page-title-main">American International Group</span> American multinational finance and insurance corporation

American International Group, Inc. (AIG) is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions. As of 2023, AIG employed 25,200 people. The company operates through three core businesses: general insurance, life & retirement, and a standalone technology-enabled subsidiary. General Insurance includes Commercial, Personal Insurance, U.S. and International field operations. Life & Retirement includes Group Retirement, Individual Retirement, Life, and Institutional Markets. AIG is the title sponsor of the AIG Women's Open golf tournament. In 2023, for the sixth consecutive year, DiversityInc named AIG among the Top 50 Companies for Diversity list.

<span class="mw-page-title-main">Allstate</span> American insurance company

The Allstate Corporation is an American insurance company, headquartered in Glenview, Illinois since 2022. Founded in 1931 as part of Sears, Roebuck and Co., it was spun off in 1993, but was still partially owned by Sears until it became an independent company completely in June 1995. The company also has personal line insurance operations in Canada.

Transamerica Corporation is an American holding company for various life insurance companies and investment firms operating primarily in the United States, offering life and supplemental health insurance, investments, and retirement services. The company has major offices located in Baltimore, Maryland; Cedar Rapids, Iowa; Denver, Colorado; Canton, Massachusetts; Harrison, New York; Knoxville, Tennessee; Plano, Texas; St. Paul, Minnesota and St. Petersburg, Florida. Additional affiliated offices are located throughout the United States. In 1999, it became an independent subsidiary of multinational company Aegon.

<span class="mw-page-title-main">Prudential Financial</span> American life insurance company

Prudential Financial, Inc. is an American Fortune Global 500 and Fortune 500 company whose subsidiaries provide insurance, retirement planning, investment management, and other products and services to both retail and institutional customers throughout the United States and in over 40 other countries. In 2019, Prudential was the largest insurance provider in the United States with $815.1 billion in total assets.

Thrivent Financial for Lutherans, is an American Fortune 500 not-for-profit financial services organization headquartered in Minneapolis, Minnesota, and Appleton, Wisconsin, and founded by Lutherans. As a member-owned fraternal benefit society, it operates under a chapter system, serving nearly 2.3 million members.

<span class="mw-page-title-main">Axa</span> French multinational insurance firm

Axa S.A. is a French multinational insurance corporation headquartered in the 8th arrondissement of Paris. It also provides investment management and other financial services via its subsidiaries. As of 2023, it is the largest financial services company by revenue in France, and the 4th largest French company.

<span class="mw-page-title-main">American Family Insurance</span> American private mutual company

American Family Insurance, also abbreviated as AmFam, is an American private mutual company that focuses on property, casualty, and auto insurance, and also offers commercial insurance, life, health, and homeowners coverage as well as investment and retirement-planning products. It is a Fortune 500 company and its revenues were over $9.5 billion in 2017.

<span class="mw-page-title-main">Genworth Financial</span> American insurance company

Genworth Financial, headquartered in Richmond, Virginia, provides life insurance, long-term care insurance, mortgage insurance, and annuities.

<span class="mw-page-title-main">Lincoln National Corporation</span> American insurance and investment management company

Lincoln National Corporation is a Fortune 200 American holding company, which operates multiple insurance and investment management businesses through subsidiary companies. Lincoln Financial Group is the marketing name for LNC and its subsidiary companies.

<span class="mw-page-title-main">Unum</span> American insurance company

Unum Group is an American insurance company headquartered in Chattanooga, Tennessee. Founded as Union Mutual in 1848 and known as UnumProvident from 1999-2007. The company is part of the Fortune 500. Unum Group was created by the 1999 merger of Unum Corporation and The Provident Companies and comprises four distinct businesses – Unum US, Unum UK, Unum Poland and Colonial Life. Its underwriting insurers include The Paul Revere Life Insurance Company and Provident Life and Accident Insurance Company.

<span class="mw-page-title-main">Ameriprise Financial</span> American financial services company

Ameriprise Financial, Inc. is an American diversified financial services company and bank holding company based in Minneapolis, Minnesota. It provides financial planning products and services, including wealth management, asset management, insurance, annuities, and estate planning.

<span class="mw-page-title-main">Jefferies Financial Group</span> American financial services company

Jefferies Financial Group Inc. is an American financial services company based in New York City. It is listed on the New York Stock Exchange and is a part of the Fortune 1000.

A mutual insurance company is an insurance company owned entirely by its policyholders. It is a form of consumers' co-operative. Any profits earned by a mutual insurance company are either retained within the company or rebated to policyholders in the form of dividend distributions or reduced future premiums. In contrast, a stock insurance company is owned by investors who have purchased company stock; any profits generated by a stock insurance company are distributed to the investors without necessarily benefiting the policyholders.

<span class="mw-page-title-main">The Hartford</span> US-based insurance and investment company

The Hartford Financial Services Group, Inc., usually known as The Hartford, is a United States–based investment and insurance company. The Hartford is a Fortune 500 company headquartered in its namesake city of Hartford, Connecticut. It was ranked 160th in Fortune 500 in the year of 2020. The company's earnings are divided between property-and-casualty operations, group benefits and mutual funds.

The Guardian Life Insurance Company of America is one of the largest mutual life insurance companies in the world. Based in Manhattan, it has approximately 8,000 employees in the United States, and a network of over 3,000 financial representatives in more than 70 agencies nationwide. As of 2018, it ranks 239th on the Fortune 500 list of largest American corporations by revenue. In 2015, Guardian achieved the highest earnings in its 155-year history with $7.3 billion in capital and $1.5 billion in operating costs. Founded in Manhattan in 1860, the company offers a wide range of insurance products and services, including life insurance, disability income insurance, annuities, investments, and dental and vision insurance coverage.

Assurant, Inc. is a global provider of risk management products and services with headquarters in Atlanta. Its businesses provide a diverse set of specialty, niche-market insurance products in the property, casualty, extended device protection, and preneed insurance sectors. The company's main operating segments are Global Housing and Global Lifestyle.

Ameritas Life Insurance Corp. is a mutual insurance company. It is owned by Ameritas Mutual Holding Company, headquartered in Lincoln, Nebraska, United States. The company includes Ameritas Mutual Holding Company (AMHC) and Ameritas Holding Company (AHC), as well as Ameritas Life Insurance Corp. of New York.

Edward "Ed" Liddy is an American businessman who was chairman of the Allstate Corporation from 1999 to 2008.

<span class="mw-page-title-main">Holdings of American International Group</span> Subsidiaries of the American International Group

The Holdings of American International Group include the operating entities and subsidiaries of insurance conglomerate American International Group (AIG) that operates in over 130 countries. The company's business consists of four core areas: General Insurance, Life Insurance & Retirement Services, Financial Services and Asset Management.

<span class="mw-page-title-main">Mutual Life Insurance Company of New York</span> American life insurance company

The Mutual Life Insurance Company of New York was the oldest continuous writer of insurance policies in the United States. Incorporated in 1842, it was headquartered at 1740 Broadway, before becoming a wholly owned subsidiary of AXA Financial, Inc. in 2004.

References

  1. ↑ Historical Development Of Insurance, Encyclopedia Britannica
  2. ↑ "AIG selling 21st Century Insurance to Farmers Insurance", Los Angeles Times , April 17, 2009
  3. ↑ 21st Century Insurance lays off 50 in WIlmington, Delaware Online
  4. ↑ "21st Century Car Insurance Reviews", Auto Insurance
  5. ↑ "Aflac Profit Rises 20% on Japanese Currency Strength". Bloomberg. April 29, 2009.
  6. ↑ "Business Week Company Profile". Archived from the original on January 6, 2009.
  7. ↑ Insurance Journal: Wisconsin's Robertson Ryan & Associates Acquires Allied Insurance Centers, Insurance Journal, January 12, 2017
  8. ↑ "Allstate Initial Offering Priced At The Top". tribunedigital-chicagotribune. Archived from the original on December 9, 2017. Retrieved December 8, 2017.
  9. ↑ Stratton, Jim (1997). "AAA Junks Its Formal Name, Soups Up Logo". Orlando Sentinel. Archived from the original on October 2, 2012. Retrieved September 3, 2010.
  10. ↑ "American Family Insurance acquires software firm Networked Insights". Milwaukee Journal Sentinel. Retrieved March 21, 2019.
  11. ↑ Hollmer, Mark (August 13, 2019). "AIG CEO Duperreault 'Encouraged' by Hardening Market, Plans Operational Overhaul". Insurance Journal. Retrieved September 4, 2019.
  12. ↑ "AIG Announces Changes to Its Organizational Structure". AIG. No. September 25, 2017.
  13. ↑ "American National Insurance". Fortune. Retrieved February 15, 2019.
  14. ↑ Dulaney, Chelsey. "Progressive Unveils Plans To Buy Home Insurer ASI". Wall Street Journal. ISSN   0099-9660 . Retrieved November 18, 2015.
  15. ↑ "Fortune 500 2011 - Industry: Diversified Financials". CNN.
  16. ↑ "Ameriprise to Sell Securities America". The New York Times (Press release). April 25, 2011. Archived from the original on April 27, 2011. Retrieved May 9, 2011.
  17. ↑ In brief: Nebraska Ameritas location begins $1 million renovation, Omaha World-Herald, March 6, 2015
  18. ↑ Lincoln-based Ameritas discloses data breach, Lincoln Journal-Star, July 30, 2019
  19. ↑ "AmTrust Financial Services". Fortune. Retrieved December 31, 2018.
  20. ↑ "The World's Biggest Public Companies". Forbes. May 1, 2016. Retrieved June 29, 2016.
  21. ↑ Nicole Friedman (June 8, 2017). "Berkshire Unit Settles With California Regulator Over Workers Comp Insurance". The Wall Street Journal. Archived from the original on June 13, 2017. Retrieved June 13, 2017.
  22. ↑ "Arbella Insurance and UMass: Partnering to Drive out Distractions on the Road - Boston Business Journal." Business News - The Business Journals. American City Business Journals, 9 Sept. 2011 http://www.bizjournals.com/boston/print-edition/2011/09/09/partnering-to-drive-out-distractions.html
  23. ↑ "Dutch insurer Amev is buying VSB Groep NV bank for..." tribunedigital-chicagotribune. Retrieved July 12, 2017.
  24. ↑ Pascale, Jordan (January 26, 2012). "Journalist". Lincoln Journal Star. Retrieved January 26, 2012.
  25. ↑ "Auto-Owners Insurance". Fortune. Retrieved December 18, 2018.
  26. ↑ Malkin, Lawrence; Neher, Jacques (July 19, 1991). "French Insurer To Put $1 Billion Into Equitable: Axa Buys Stake in U.S. Firm". The New York Times . ISSN   0362-4331 . Retrieved April 19, 2015.
  27. ↑ "CNO Financial Group". Fortune. June 4, 2015. Retrieved April 26, 2016.
  28. ↑ "Warren Buffett, Berkshire Hathaway buying Pilot Flying J truck stops". USA Today. Archived from the original on June 19, 2018. Retrieved October 4, 2017.
  29. ↑ Smith, W.H. (2001). Mennonites in Illinois. Studies in Anabaptist and Mennonite history. Wipf & Stock Publishers. p. 296. ISBN   978-1-57910-771-0 . Retrieved August 21, 2017.
  30. ↑ "CareSource names new CEO, replacing Morris". Dayton Daily News.
  31. ↑ "ACE and Chubb Are Now One; New Chubb Brand Logo Unveiled". Insurance Journal. January 15, 2016. Retrieved August 15, 2018.
  32. ↑ Ostrow, Nicole (March 22, 1999). "State-run insurer shedding policies". Florida Times-Union. Retrieved February 18, 2013.
  33. ↑ Bloomberg News, Allstate to Buy CNA's Personal Insurance Unit, published in the Los Angeles Times (June 10, 1999). Retrieved on August 18, 2012.
  34. ↑ Dill, Kathryn. "America's 50 Most Trustworthy Financial Companies". Forbes. Retrieved October 27, 2019.
  35. ↑ Daniel F. Cuff (November 12, 1982). "President Leaves Colonial Life in Rift". The New York Times. Retrieved March 30, 2014.
  36. ↑ Martin, Douglas "Clement Stone Dies at 100; Built Empire on Optimism", New York Times, 5 September 2002
  37. ↑ "Country Financial". Fortune. Retrieved February 11, 2019.
  38. ↑ Lynn, Jordan (July 27, 2017). "Brooklyn Underwriting announces expansion to Melbourne, Brisbane". Insurance Business Australia.
  39. ↑ CPP-owned Wilton Re buys Transamerica's Canadian business, Advisor, October 16, 2014
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.