Topic: Insurance industry in the United States (2024)

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    The insurance market in the United States is one of the largest in the world, leading the industry with high premium volumes and employee numbers, as well as insurance company revenues. Insurance premiums written in the U.S. exceed one trillion U.S. dollars annually. MetLife is one of the largest global insurers and is headquartered in New York. In 2022, their total revenue from U.S. business operations amounted to almost 40 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 2021, 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 is the largest health insurance company by direct premiums written with a 15 percent market share. As of January 2024, the largest life insurance company in the U.S. was MetLife.

    This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.

    Topic: Insurance industry in the United States (2)

    Jennifer Rudden

    Research Lead Financial Services & Real estate

    Published by Jennifer Rudden, Jan 10, 2024

    Key insights

    Largest U.S. insurer by assets
    Berkshire Hathaway

    Topic: Insurance industry in the United States (3)

    Detailed statistics

    Leading insurance companies in the U.S. 2022, by total assets

    Number of U.S. insurance employees
    2.8m

    Topic: Insurance industry in the United States (4)

    Detailed statistics

    Number of employees in the insurance industry in the U.S. 1960-2022

    Largest U.S. insurance broker

    Topic: Insurance industry in the United States (5)

    Detailed statistics

    Leading insurance brokers in the U.S. 2020-2022, by revenue

    Get more insights

    Editor’s Picks Current statistics on this topic

    InsuranceLeading insurance companies in the U.S. 2022, by total assets
    InsuranceLeading insurance brokers in the U.S. 2020-2022, by revenue
    InsuranceESG scores of the worlds' largest insurance companies 2023, by provider

    Further recommended statistics

    Overview

    7
    • Premium Statistic Leading insurance companies in the U.S. 2022, by total assets
    • Premium Statistic Insurance market size in the U.S. 2009-2022
    • Premium Statistic Number of employees in the insurance industry in the U.S. 1960-2022
    • Premium Statistic Number of insurance industry employees in the U.S. 2020-2022, by occupation
    • Premium Statistic Employment in the U.S. insurance sector 2019-2022, by state
    • Premium Statistic U.S. insurance agents, brokers and service ad spend industry 2022-2023
    • Premium Statistic ESG scores of the worlds' largest insurance companies 2023, by provider

    Overview

    • Premium Statistic Leading insurance companies in the U.S. 2022, by total assets

      Topic: Insurance industry in the United States (9)

      Leading insurance companies in the U.S. 2022, by total assets

      Largest insurance companies in the United States in 2022, by total assets (in billion U.S. dollars)

    • Premium Statistic Insurance market size in the U.S. 2009-2022

      Topic: Insurance industry in the United States (10)

      Insurance market size in the U.S. 2009-2022

      Value of insurance premiums written in the United States from 2009 to 2022 (in trillion U.S. dollars)

    • Premium Statistic Number of employees in the insurance industry in the U.S. 1960-2022

      Topic: Insurance industry in the United States (11)

      Number of employees in the insurance industry in the U.S. 1960-2022

      Number of employees in the insurance industry in the United States from 1960 to 2022 (in millions)

    • Premium Statistic Number of insurance industry employees in the U.S. 2020-2022, by occupation

      Topic: Insurance industry in the United States (12)

      Number of insurance industry employees in the U.S. 2020-2022, by occupation

      Number of insurance industry employees in the United States from 2020 to 2022, by occupation (in 1,000s)

    • Premium Statistic Employment in the U.S. insurance sector 2019-2022, by state

      Topic: Insurance industry in the United States (13)

      Employment in the U.S. insurance sector 2019-2022, by state

      Number of employees in insurance sector in the United States from 2019 to 2022, by state

    • Premium Statistic U.S. insurance agents, brokers and service ad spend industry 2022-2023

      Topic: Insurance industry in the United States (14)

      U.S. insurance agents, brokers and service ad spend industry 2022-2023

      Advertising spending in the insurance agents, brokers and service industry in the United States in 2022 and 2023 (in million U.S. dollars)

    • Premium Statistic ESG scores of the worlds' largest insurance companies 2023, by provider

      Topic: Insurance industry in the United States (15)

      ESG scores of the worlds' largest insurance companies 2023, by provider

      Comparison of the environmental, social and governance (ESG) scores of the 26 largest insurance companies by market capitalization worldwide in 2023, by ESG score provider

    Segments

    4
    • Premium Statistic Insurance market size, by sector U.S. 2009-2022
    • Premium Statistic Share of property and casualty insurance premiums in the U.S. 2019-2022, by line
    • Premium Statistic Life insurance ownership in the U.S. 2011-2023
    • Premium Statistic Direct health insurance premiums written in the U.S. 2015-2023, by type

    Segments

    • Premium Statistic Insurance market size, by sector U.S. 2009-2022

      Topic: Insurance industry in the United States (16)

      Insurance market size, by sector U.S. 2009-2022

      Value of insurance premiums written in the United States from 2009 to 2022, by sector (in billion U.S. dollars)

    • Premium Statistic Share of property and casualty insurance premiums in the U.S. 2019-2022, by line

      Topic: Insurance industry in the United States (17)

      Share of property and casualty insurance premiums in the U.S. 2019-2022, by line

      Distribution of net premiums written by property and casualty insurance companies in the United States from 2019 to 2022, by line

    • Premium Statistic Life insurance ownership in the U.S. 2011-2023

      Topic: Insurance industry in the United States (18)

      Life insurance ownership in the U.S. 2011-2023

      Distribution of life insurance ownership in the United States from 2011 to 2023

    • Premium Statistic Direct health insurance premiums written in the U.S. 2015-2023, by type

      Topic: Insurance industry in the United States (19)

      Direct health insurance premiums written in the U.S. 2015-2023, by type

      Direct premiums written by the health insurance industry in the United States from 2015 to 2023, by type of insurance (in billion U.S. dollars)

    Leading companies

    7
    • Premium Statistic Largest U.S. life insurance companies 2024, by market cap
    • Premium Statistic Leading U.S. life insurance companies 2022, by assets
    • Premium Statistic Leading U.S. writers of property and casualty insurance 2020-2023, by premiums
    • Premium Statistic Leading U.S. life/health insurance writers by direct premiums written 2019-2022
    • Premium Statistic Ad spend of selected insurance brands in the U.S. in 2022
    • Premium Statistic Leading insurance brokers in the U.S. 2020-2022, by revenue
    • Premium Statistic NPS of insurance brokers in the U.S. 2014-2022

    Leading companies

    • Premium Statistic Largest U.S. life insurance companies 2024, by market cap

      Topic: Insurance industry in the United States (20)

      Largest U.S. life insurance companies 2024, by market cap

      Largest life insurance companies in the United States as of January 8, 2024, by market capitalization (in billion U.S. dollars)

    • Premium Statistic Leading U.S. life insurance companies 2022, by assets

      Topic: Insurance industry in the United States (21)

      Leading U.S. life insurance companies 2022, by assets

      Largest life insurance companies in the United States in 2022, by assets (in billion U.S. dollars)

    • Premium Statistic Leading U.S. writers of property and casualty insurance 2020-2023, by premiums

      Topic: Insurance industry in the United States (22)

      Leading U.S. writers of property and casualty insurance 2020-2023, by premiums

      Leading writers of property and casualty insurance in the United States in from 2020 to 2023, by direct premiums written (in billion U.S. dollars)

    • Premium Statistic Leading U.S. life/health insurance writers by direct premiums written 2019-2022

      Topic: Insurance industry in the United States (23)

      Leading U.S. life/health insurance writers by direct premiums written 2019-2022

      Leading life and health insurance companies in the United States from 2019 to 2022, by direct premiums written (in billion U.S. dollars)

    • Premium Statistic Ad spend of selected insurance brands in the U.S. in 2022

      Topic: Insurance industry in the United States (24)

      Ad spend of selected insurance brands in the U.S. in 2022

      Advertising spending of selected insurance brands in the United States in 2022 (in million U.S. dollars)

    • Premium Statistic Leading insurance brokers in the U.S. 2020-2022, by revenue

      Topic: Insurance industry in the United States (25)

      Leading insurance brokers in the U.S. 2020-2022, by revenue

      Leading insurance brokers in the United States from 2020 to 2022, by brokerage revenue (in billion U.S. dollars)

    • Premium Statistic NPS of insurance brokers in the U.S. 2014-2022

      Topic: Insurance industry in the United States (26)

      NPS of insurance brokers in the U.S. 2014-2022

      Net promoter score (NPS) of insurance brokers in the United States from 2014 to 2022

    Sales metrics & consumption

    9
    • Premium Statistic Total revenue of U.S. life/annuity insurance industry 2009-2023
    • Premium Statistic Value of homeowner multiple peril insurance net premiums in the U.S. 2006-2022
    • Premium Statistic U.S. household expenditure on home insurance 2007-2021
    • Premium Statistic U.S. household expenditure on health insurance 2007-2022
    • Premium Statistic U.S. household expenditure on dental care insurance 2017-2021
    • Premium Statistic U.S. household expenditure on vision care insurance 2017-2021
    • Premium Statistic U.S. household expenditure on personal insurance and pensions 2007-2021
    • Premium Statistic U.S. household expenditure on long-term care insurance 2007-2021
    • Premium Statistic U.S. household expenditure on tenants insurance 2007-2021

    Sales metrics & consumption

    • Premium Statistic Total revenue of U.S. life/annuity insurance industry 2009-2023

      Topic: Insurance industry in the United States (27)

      Total revenue of U.S. life/annuity insurance industry 2009-2023

      Total revenue of life/annuity insurance industry in the United States from 2009 to 2023 (in billion U.S. dollars)

    • Premium Statistic Value of homeowner multiple peril insurance net premiums in the U.S. 2006-2022

      Topic: Insurance industry in the United States (28)

      Value of homeowner multiple peril insurance net premiums in the U.S. 2006-2022

      Value of net premiums written by homeowner multiple peril insurance industry in the United States from 2006 to 2022 (in billion U.S. dollars)

    • Premium Statistic U.S. household expenditure on home insurance 2007-2021

      Topic: Insurance industry in the United States (29)

      U.S. household expenditure on home insurance 2007-2021

      Average annual expenditure on homeowners insurance per consumer unit in the United States from 2007 to 2021 (in U.S. dollars)

    • Premium Statistic U.S. household expenditure on health insurance 2007-2022

      Topic: Insurance industry in the United States (30)

      U.S. household expenditure on health insurance 2007-2022

      Average annual expenditure on health insurance per consumer unit in the United States from 2007 to 2022 (in U.S. dollars)

    • Premium Statistic U.S. household expenditure on dental care insurance 2017-2021

      Topic: Insurance industry in the United States (31)

      U.S. household expenditure on dental care insurance 2017-2021

      Average annual expenditure on dental care insurance per consumer unit in the United States from 2017 to 2021 (in U.S. dollars)

    • Premium Statistic U.S. household expenditure on vision care insurance 2017-2021

      Topic: Insurance industry in the United States (32)

      U.S. household expenditure on vision care insurance 2017-2021

      Average annual expenditure on vision care insurance per consumer unit in the United States from 2017 to 2021 (in U.S. dollars)

    • Premium Statistic U.S. household expenditure on personal insurance and pensions 2007-2021

      Topic: Insurance industry in the United States (33)

      U.S. household expenditure on personal insurance and pensions 2007-2021

      Average annual expenditure on personal insurance and pensions per consumer unit in the United States from 2007 to 2021 (in U.S. dollars)

    • Premium Statistic U.S. household expenditure on long-term care insurance 2007-2021

      Topic: Insurance industry in the United States (34)

      U.S. household expenditure on long-term care insurance 2007-2021

      Average annual expenditure on long-term care insurance per consumer unit in the United States from 2007 to 2021 (in U.S. dollars)

    • Premium Statistic U.S. household expenditure on tenants insurance 2007-2021

      Topic: Insurance industry in the United States (35)

      U.S. household expenditure on tenants insurance 2007-2021

      Average annual expenditure on tenants insurance per consumer unit in the United States from 2007 to 2021 (in U.S. dollars)

    Investment

    4
    • Premium Statistic Value of investments of life and health insurers in the U.S. 2008-2023
    • Premium Statistic Value of investments of U.S. life and health insurers 2023, by asset type
    • Premium Statistic Value of investments of property and casualty insurers in the U.S. 2013-2022
    • Premium Statistic Investments of property and casualty insurers in the U.S. 2013-2022, by asset type

    Investment

    • Premium Statistic Value of investments of life and health insurers in the U.S. 2008-2023

      Topic: Insurance industry in the United States (36)

      Value of investments of life and health insurers in the U.S. 2008-2023

      Value of investments of life and health insurance companies in the United States from 2008 to 2023 (in billion U.S. dollars)

    • Premium Statistic Value of investments of U.S. life and health insurers 2023, by asset type

      Topic: Insurance industry in the United States (37)

      Value of investments of U.S. life and health insurers 2023, by asset type

      Value of investments of life and health insurance companies in the United States in 2023, by asset type (in billion U.S. dollars)

    • Premium Statistic Value of investments of property and casualty insurers in the U.S. 2013-2022

      Topic: Insurance industry in the United States (38)

      Value of investments of property and casualty insurers in the U.S. 2013-2022

      Value of investments of property and casualty insurers in the United States from 2013 to 2022 (in trillion U.S. dollars)

    • Premium Statistic Investments of property and casualty insurers in the U.S. 2013-2022, by asset type

      Topic: Insurance industry in the United States (39)

      Investments of property and casualty insurers in the U.S. 2013-2022, by asset type

      Value of investments of property and casualty insurers in the United States from 2013 to 2022, by asset type (in billion U.S. dollars)

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    Topic: Insurance industry in the United States (48)

    Topic: Insurance industry in the United States (49)

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    Sales Manager– Contact (United States)

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    Topic: Insurance industry in the United States (50)

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    +65 6995 6959

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    Topic: Insurance industry in the United States (51)

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    Senior Business Development Manager– Contact (Asia)

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    Topic: Insurance industry in the United States (52)

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    Director of Operations– Contact (Europe)

    Tel

    +44 (0)20 8189 7000

    Mon - Fri, 9:30am - 5pm (GMT)

    Topic: Insurance industry in the United States (53)

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    Group Director - LATAM– Contact (Latin America)

    Tel

    +1 212 419-5774

    Mon - Fri, 9am - 6pm (EST)

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    Topic: Insurance industry in the United States (2024)
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