There are a lot of different insurance companies operating in the U.S.A, making it hard to determine which ones are the absolute top. However, the five largest insurers, in terms of total assets, are State Farm, Allstate, Liberty Mutual, Berkshire Hathaway (which includes GEICO) and Nationwide.
State Farm is the largest insurer in the US, with about 44 million policies in effect and around $700 billion in assets. It is the nation’s largest provider of auto insurance and also operates a life insurance business.
Allstate is the largest publicly traded property and casualty insurer in America, with assets of around $88 billion and providing a wide range of insurance products and services, including auto, home and life insurance.
Liberty Mutual is the third largest property and casualty insurer in the US, with about $134 billion in assets. The company offers a variety of insurance products and services, including auto and home insurance.
Berkshire Hathaway includes six of the largest insurers in the US, including GEICO, which is the second largest auto insurer in the nation. It has assets of over $470 billion.
Nationwide is the fourth largest insurer in the US, and specializes primarily in auto and home insurance products. It has $212 billion in total assets.
All of these insurance companies offer a wide range of products and services, so it’s important to compare coverage, pricing, customer service and financial stability to find the best option for you. You can also use sites like Insurify to compare different insurance companies and get quotes from multiple providers.
Overall, the top five insurance companies, in terms of total assets, are State Farm, Allstate, Liberty Mutual, Berkshire Hathaway (which includes GEICO) and Nationwide.