Largest Insurance Companies In The US (2024)

Explore the top insurance companies in the US by total assets in 2022. Learn about industry leaders and their impact on the insurance sector.

Research Team


Read in 2 mins

Largest Insurance Companies in the U.S. by Assets in 2022

Leading the Charge of Insurance

Berkshire Hathaway, led by Warren Buffett, is the largest US insurance company with assets worth $948.45 billion. This company invests widely in the insurance and reinsurance sectors. It also owns businesses in finance, utilities, and railroads, which helps strengthen its position in the market. These diverse investments support the company’s financial security and growth.

Major Competitors of Largest US Insurance Companies

Prudential Financial, holding $689.92 billion in assets, follows closely behind other biggest insurance companies in US. This well-established company offers a wide range of financial products and services, demonstrating its strong market presence. MetLife ranks third with $666.61 billion in assets. Known for its life insurance, MetLife also provides dental and auto insurance, as well as employee benefits, serving millions of customers around the world.

Significant Players

American International Group (AIG), with assets of $526.63 billion, specializes in property, casualty, life insurance, and retirement services. Northwestern Mutual and Lincoln Financial Group, with assets of $340.39 and $335.11 billion, focus on life insurance and retirement plans, playing a big role in the financial planning of many Americans.

Do I Qualify for

Accident Compensation?
Free Case Review

Solid Performers

MassMutual, with assets of $321.58 billion, and Nationwide and Aegon (Americas), with assets of $270.2 billion and $226.15 billion, are in the middle range of the largest US insurance companies. These companies provide a wide range of insurance products and are key in offering financial security to their clients.

Established Names of Biggest Insurance Companies in US

New York Life and State Farm Group, each with assets over $200 billion, rank among the largest insurance companies in the U.S. They offer a broad range of insurance products, including life, auto, and home insurance, and operate extensive networks of agents nationwide.

Industry Impact

The large size of these companies shows they can manage big risks and pay out claims, helping build their reputation and reliability. Their rankings highlight their financial health and their key role in providing stability and security to the lives of the people and businesses they insure.


The largest insurance companies in the US show how competitive and strong the market is. Their good financial health and actions in the market greatly affect the global insurance scene.

Disclaimer: This article lists the largest US insurance companies by assets in 2022 for informational purposes. It is not intended as financial advice.

Research Team 's profile picture

Research Team


Meet ConsumerShield Research Team, dedicated to identifying risks in consumer products and championing consumer rights through rigorous research

Stay up to date

Get updates on all of our legal news on lawsuits, research and legal updates.