Berkshire Hathaway Inc. Headquarters: Omaha, Nebraska
Year Founded: 1839
2019 Annual Revenue: $254.616 billion
2019 Growth Rate: +2.74%
While the name Berkshire Hathaway Inc. isn’t familiar to most consumers, the brands it owns are. A few major brands owned by Berkshire Hathaway Inc. include:
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- Duracell
- Dairy Queen
- Fruit of the Loom
- Helzberg Diamond
In addition to these well-known brands, Berkshire Hathaway also holds a significant portion of shares in companies like Kraft Heinz Company and American Express. They possess a diversified portfolio, to say the least.
The company is led by the famously profitable investor, Warren Buffet. Since Berkshire Hathaway Inc. owns and controls one of the most successful insurance providers in the market, GEICO, they’re considered the largest insurance company in the United States.
Anthem, Inc. Headquarters: Indianapolis, Indiana
Year Founded: 2004
2019 Annual Revenue: $104.213 billion
2019 Growth Rate: +13.15%
The history of Anthem Inc. is a lot shorter than the other insurance companies on this list. It was formed only 17 years ago as a merger between the health networks Anthem and Wellpoint.
In that time, they’ve become the largest for-profit managed health care company under the Blue Cross Shield Association.
Anthem Inc. currently has an estimated 40 million individuals under their care in the United States. With this enormous network comes being ranked 29th on the Fortune 500 list.
State Farm. Headquarters: Bloomington, Illinois
Year Founded: 1922
2019 Annual Revenue: $79.4 billion
2019 Growth Rate: -2.8%
State Farm Group conducts business in a variety of insurance areas. Their specialties include:
- Property and casualty insurance
- Life and health insurance
- Annuities
- Mutual funds
- Banking products
State Farm Group holds the impressive record of being the #1 automotive insurer in the United States for 79 years. They’re also the #1 homeowner’s insurance provider for more than half a century. The company currently employs nearly 60,000 individuals for various positions.
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Their achievements, employment numbers, and annual revenue make State Farm Group one of the largest insurance companies in the United States.
MetLife. Headquarters: New York, New York
Year Founded: 1868
2019 Annual Revenue: $69.62 billion
2019 Growth Rate: +2.47%
The insurance services of MetLife extend past the borders of the United States, and into a total of 60 countries worldwide. They’re one of the global leaders in providing health insurance, annuities, and employee benefits, with a membership roster of 90 million customers globally.
Several companies are affiliated with the MetLife title. Some of these are:
- MetLife Bank
- Metropolitan Property and Casualty Insurance Company
- MetLife Securities
- New England Financial
MetLife issues a variety of services for their customers, including:
- Auto, home, and life insurance
- Dental
Prudential Financial. Headquarters: Newark, New Jersey
Year Founded: 1875
2019 Annual Revenue: $64.807 billion
2019 Growth Rate: +2.88%
Unlike some of the other major insurance companies, Prudential Financial focuses on retail and institutional clients, in addition to catering towards individuals. The company mainly supplies insurance and investment management services.
While Prudential Financial does a lot of business in the United States, they also service 40 other countries.
The total assets of Prudential Financial equate to $1.456 trillion, making it the largest insurance company in the United States based on assets alone. The company has also been voted onto the list of “Best Companies for Working Mothers” for well over ten years.
American International Group. Headquarters: New York, New York
Year Founded: 1919
2019 Annual Revenue: $49.75 billion
2019 Growth Rate: +4.55%
The American International Group, commonly referred to as AIG, casts a wide net of business. The insurance provider actively operates in 130 different countries and has nearly 50,000 employees in the United States. Double that number for international employees, both full and part-time.
There are a few insurance districts that AIG works with. These include:
- General insurance
- Life and retirement
- Asset management
In 2016, Forbes stated the American International Group as the 87th largest public company in the world. AIG is expected to make progress in these rankings shortly because the company made many acquisitions over the past two years and is on a positive growth streak.
Source: Zippia.com