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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.
Jennifer Rudden Research Lead Financial Services & Real estate
Key insights
- Largest U.S. insurer by assets
- Berkshire Hathaway
Detailed statistics
Leading insurance companies in the U.S. 2022, by total assets
- Number of U.S. insurance employees
- 2.8m
Detailed statistics
Number of employees in the insurance industry in the U.S. 1960-2022
- Largest U.S. insurance broker
Detailed statistics
Leading insurance brokers in the U.S. 2020-2022, by revenue
Get more insights
Editor’s Picks Current statistics on this topic
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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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