In the event you’re an investor contemplating including insurance coverage corporations to your portfolio, you then’ve come to the correct place. In the event you’re a curious shopper or insurance coverage agent in search of a gentle place to get insurance coverage or work, you’ve additionally arrived on the proper place. Right here, we are going to rank the ten largest publicly traded insurers within the nation based mostly on market cap. Learn on and discover out that are the most important insurance coverage corporations within the US.

Headquarters location: Minnetonka, Minnesota

Market capitalization: $443.30 billion

Underwriting experience: Medical insurance

The most important insurance coverage firm within the US based mostly on market cap, UnitedHealth Group attracts on its robust manpower pool of 85,000 physicians and nurses to ship medical and dental advantages to its 7.5 million purchasers throughout 150 international locations. The medical health insurance large does this by its two enterprise models, specifically:

UnitedHealthcare

Via its international community of 6,200 hospitals and over 1.5 million medical and healthcare professionals, UnitedHealthcare – the group’s insurance coverage enterprise – presents purchasers a variety of healthcare coverages and providers. These embody:

• UnitedHealthcare Medical Merchandise: Supplies inexpensive protection by the group’s huge community of hospitals and medical professionals.
• Oxford Well being: Provides purchasers in New York, New Jersey, and Connecticut entry to inexpensive healthcare merchandise.
• UnitedHealth Wellness: The corporate’s suite of wellness packages and providers.
• Digital Visits: Allows purchasers to entry healthcare providers utilizing cellular units.
• On-line Companies: Provides clients entry to easy-to-use on-line instruments by the myuhc.com web site.
• Enterprise Journey Insurance coverage: The agency’s collection of medical, journey, and private help providers, which could be accessed by cellular workers and their dependents.

Optum

Optum is UnitedHealth Group’s know-how unit providing clients data and tech-enabled providers by its three platforms, specifically:

• Optum Well being: Supplies medical and healthcare providers to greater than 102 million purchasers.
• Optum Perception: Presents analysis, analytics, and consulting providers to medical professionals, governments, and life sciences corporations.
• Optum Rx: Provides clients entry to inexpensive pharmaceutical services and products.

The corporate is led by CEO Sir Andrew Witty.

Headquarters location: Indianapolis, Indiana

Market capitalization: $111.37 billion

Underwriting experience: Medical insurance

Previously generally known as Anthem, Elevance Well being rebranded to its present title in June 2022. It’s the largest for-profit managed healthcare firm within the Blue Cross Blue Protect Affiliation, with a community of 1.7 million docs and hospitals serving over 32 million purchasers.

Elevance presents a variety of well being plans overlaying medical, dental, and eye care. These could be accessed by people and employers, in addition to their relations by the agency’s subsidiaries Anthem Blue Cross Blue Protect and Wellpoint. The well being insurer’s insurance policies can be found in 14 states listed within the desk beneath.

Elevance’s healthcare providers options, in the meantime, are distributed by its Carelon model, and different affiliate corporations.

Headquarters location: Bloomfield, Connecticut

Market capitalization: $85.78 billion

Underwriting experience: Medical insurance

Boasting a workforce of 70,000 well being and insurance coverage professionals, Cigna serves greater than 190 million purchasers throughout over 30 international locations and territories. It presents a variety of well being and dental insurance policies, together with Medicare plans, supplemental medical health insurance, and worldwide healthcare protection.

Cigna’s services and products are delivered by its two enterprise models. These are:

1. Cigna Healthcare: Presents advantages that allow purchasers to enhance their well being and wellbeing at every stage of their lives, from childhood to senior age.
2. Evernorth Well being Companies: Goals to make remedy and prevention of sickness extra accessible by giving clients entry to a variety of pharmaceutical and healthcare services and products.

Headquarters location: Mayfield, Ohio

Market capitalization: $83.25 billion

Underwriting experience: Property and casualty insurance coverage

The Progressive Group ranks fourth among the many largest insurance coverage corporations within the US based mostly on market cap however tops the record in relation to property and casualty insurers. Progressive is greatest identified for its auto insurance policy, underwriting greater than 13 million insurance policies yearly.

Aside from automotive insurance coverage, the P&C insurance coverage large presents a number of forms of coverages, together with:    

Clients can entry Progressive’s merchandise immediately from the insurer or by its community of greater than 30,000 impartial companies throughout the nation.

Traditionally, Progressive is acknowledged because the world’s first automotive insurance coverage firm to launch an internet site. This occurred in 1995 when it was thought of a revolutionary transfer. A yr later, clients might evaluate charges on-line and ultimately have been capable of buy auto insurance policies on-line by the web site. Progressive now boasts a thriving direct-to-consumer enterprise supported by a variety of digital platforms, together with:   

• Chatbots
• Impartial agent locator
• Immediate quoting service
• On-line claims reporting
• On-line coverage service and administration
• Fee ticker – Progressive’s on-line comparability instrument

Headquarters location: New York, New York

Market capitalization: $80.12 billion

Experience: Insurance coverage broking and threat administration

Marsh McLennan Corporations, also called MMC, is an expert providers conglomerate with an 85,000-strong workforce and a worldwide attain spanning 130 international locations. The group operates 4 enterprise models, two of that are among the many largest insurance coverage corporations within the US and globally. These are:

1. Marsh: The primary of MMC’s insurance coverage enterprise, Marsh is a threat administration and broking large credited with advising about 95% of Fortune 500 corporations.
2. Man Carpenter: MMC’s reinsurance broking arm supplies analytics and strategic advisory providers to purchasers throughout the globe.
3. Oliver Wyman: MMC’s administration consulting subsidiary caters to companies in several components of the world.
4. Mercer: A human sources consulting firm underneath MMC offering packages and providers that allow companies to spice up worker engagement. 

Headquarters location: Louisville, Kentucky

Market capitalization: $62 billion

Underwriting experience: Medical insurance

Humana is a managed healthcare firm that offers people, employer teams, and people in search of government-sponsored plans a variety of inexpensive healthcare protection choices, together with:

• Medicaid plans
• Medicare plans
• Group well being plans
• Dental plans
• Imaginative and prescient plans
• Pharmaceutical plans

These merchandise are distributed by point-of-service (POS) plans, well being upkeep organizations (HMOs), and administrative providers. 

Humana operates three enterprise models. These are:

• Retail: Consists of merchandise offered to particular person purchasers, together with Medicare and Medicaid plans.
• Group & Specialty: Contains business medical plans and specialty healthcare advantages designed for people and teams.
• Well being Companies: Presents healthcare and wellness options – together with scientific care, pharmacy providers, and predictive modelling and analytics – to people, employers, and different Humana companies.

Headquarters location: New York, New York

Market capitalization: $55.52 billion

Underwriting experience: Life and well being, and property and casualty insurance coverage

MetLife is the most important insurance coverage firm within the US catering to the life phase, though it additionally presents a variety of property and casualty, and accident and medical health insurance insurance policies. It serves round 100 million purchasers in additional than 40 international locations. MetLife likewise supplies monetary merchandise resembling annuities, endowments, and retirement and financial savings plans. Aside from the US, the life insurance coverage large operates in Asia, Latin America, Europe, Center East, and Africa.

Headquarters location: New York, New York

Market capitalization: $44.94 billion

Underwriting experience: Normal insurance coverage

American Worldwide Group, Inc. – extra popularly generally known as AIG – is a world insurance coverage firm providing a big selection of property, casualty, and life insurance policy. It additionally supplies purchasers in additional than 70 international locations and jurisdictions with a collection of retirement plans and different monetary providers merchandise, with the assistance of its greater than 46,000 employees.

AIG insurance coverage merchandise are grouped into 5 segments. These are:

1. AIG Life: The corporate’s life insurance coverage insurance policies are provided underneath the Corebridge Monetary model. These embody its time period, everlasting, and closing expense life insurance policy.
2. AIG Direct: Presents life insurance policy by a direct-to-consumer strategy.
3. Journey Guard: Supplies an array of journey insurance policy from short-term single journeys to month-long a number of vacation travels.
4. Non-public Consumer Group: Presents a number of protection choices for high-value belongings.
5. Private Accident & Well being Insurance coverage: Supplies money advantages when surprising accidents or sicknesses forestall policyholders from incomes an earnings. 

AIG’s frequent inventory is listed on the New York Inventory Alternate (NYSE), making it one of many largest corporations within the US based mostly on market cap.

Headquarters location: New York, New York

Market cap: $42.71 billion

Underwriting experience: Property and casualty insurance coverage

A property and casualty insurance coverage specialist, Vacationers presents a various vary of coverages for people and companies. The desk beneath reveals the totally different private and business plans underneath the corporate’s portfolio.

Based in 1853, Vacationers received its title from its insurance policies overlaying steamboat and railroad passengers. It has since achieved a number of business firsts, together with providing the primary car and business airline insurance policies. In 1969, the insurance coverage large has made historical past once more by insuring the primary manned mission to the moon. Vacationers has continued its growth, establishing The Vacationers Institute for public coverage in 2019.

Headquarters location: Rolling Meadows, Illinois

Market cap: $39.82 billion

Experience: Insurance coverage broking and threat administration

Arthur J. Gallagher & Co. – additionally known as Gallagher – ranks as amongst world’s largest insurance coverage dealer and threat supervisor, and property and casualty third-party claims administrator. Together with its subsidiaries, Gallagher supplies insurance coverage brokerage, consulting, and third-party claims settlement and administration providers to companies throughout the globe.

The agency’s experience spans industries, starting from automotive and healthcare to transportation and vitality. It presents a variety of coverages from property and administration legal responsibility to positive arts and cyber. Gallagher additionally supplies advantages and HR consulting, captives and various threat switch, and reinsurance providers. The corporate has a longtime presence in additional than 150 international locations.

Here is a abstract of the ten largest insurance coverage corporations within the US based mostly on market cap.

Market capitalization, additionally known as market cap, is usually utilized by buyers to find out an organization’s dimension with out having to search for the agency’s income figures or total belongings. Market cap is a crucial metric, particularly for the investing neighborhood, as it could actually point out if a corporation is a protected funding or in the event that they current too excessive of a threat.

However how do you establish an organization’s market capitalization? Market cap is the whole worth of a publicly traded firm’s excellent frequent shares owned by stockholders. To calculate this, it is advisable multiply the variety of its excellent shares by the present market worth of a single share. For our rankings, we pulled market cap knowledge from this web site. 

Usually, companies with a big cap are financially steady corporations that carry much less threat for buyers. Companies with smaller market caps, in the meantime, are thought of riskier investments, however additionally they present alternatives for big returns, particularly in the event that they register important progress.

Traders additionally use this metric to judge a agency’s monetary efficiency in opposition to different companies of various sizes. These buying insurance coverage from corporations can discover worth and know that an organization has a excessive valuation and is thus a steady group to speculate their insurance coverage cash in.

The most important insurance coverage corporations within the US account for nearly half of the business’s international market cap. The world’s 20 largest insurers, nevertheless, contribute about two-thirds to the whole. You may try our rankings of the most important insurance coverage corporations on the planet based mostly on market cap right here.

What do you consider the most important insurance coverage corporations within the US? Have you ever skilled coping with them? Share your story within the remark field beneath.