project description icon

Insurance Industry Description

The insurance industry in the United States is a vital sector that plays a crucial role in managing and mitigating risks for individuals, businesses, and organizations. It encompasses a wide range of insurance products and services, including life insurance, health insurance, property and casualty insurance, auto insurance, and many others. One of the key characteristics of the insurance industry in the USA is its size and significance. It is one of the largest industries in the country, contributing significantly to the national economy. Insurance companies generate substantial revenue and employ a large number of people across various roles and functions. The insurance industry operates through a complex network of insurance carriers, brokers, agents, and underwriters. Insurance carriers are the companies that provide insurance policies and assume the risks associated with them. Brokers and agents act as intermediaries between insurance carriers and policyholders, helping indivi...

Read More

21,414

COMPANIES

1.33 Trillion

TOTAL VALUE

lock Get Full Access
Avg salary

Avg Salary in Insurance

$87,665

AVG SALARY

top companies

List of Companies

COMPANY NAME INDUSTRY LOCATION REVENUE EMPLOYEES

Insurance

United States, Nebraska

1 Billion and Over

10001+

About Berkshire Hathaway

Berkshire Hathaway Inc. is a multinational conglomerate holding company headquartered in Omaha, Nebraska, United States. Founded by Oliver Chace in 1839 as the Valley Falls Company in Valley Falls, Rhode Island, it has evolved significantly over the centuries. The company came into its current form and gained its notable reputation under the leadership of Warren Buffett, who became its chairman and CEO in 1970. Berkshire Hathaway owns a diverse range of businesses including insurance, utilities, railroad, manufacturing, retail, and services. Among its most famous holdings are GEICO, Duracell, Dairy Queen, BNSF Railway, and significant shares in Apple, Coca-Cola, and Bank of America. The company is known for its conservative investment strategy, long-term investment in assets, and its substantial annual shareholders' meetings, often referred to as "Woodstock for Capitalists." Did You Know? Berkshire Hathaway's class A shares are famous for being the highest-priced shares on the N...

Read More

Arrow

Insurance

United States, Minnesota

1 Billion and Over

10001+

About UnitedHealth Group

UnitedHealth Group Incorporated is a diversified health care company headquartered in Minnetonka, Minnesota, United States. Founded in 1977, it has grown to become one of the world's leading health care companies, offering a broad spectrum of products and services through two distinct platforms: UnitedHealthcare, which provides health care coverage and benefits services; and Optum, which offers information and technology-enabled health services. UnitedHealth Group serves clients and consumers in the United States and more than 130 other countries through a dedicated workforce of approximately 330,000 employees as of 2023. The company is renowned for its commitment to innovation, especially in the areas of technology and health care services, aiming to improve the efficiency of health care delivery and making health care more accessible to more people. Did You Know? UnitedHealth Group has consistently been ranked in the Fortune 500 list, reflecting its significant impact on the hea...

Read More

Arrow

Insurance

United States, New York

1 Billion and Over

10001+

About MetLife

MetLife, Inc., officially known as the Metropolitan Life Insurance Company, stands as a beacon in the global insurance industry. Founded on March 24, 1868, in New York City, MetLife has grown from its humble beginnings to become one of the largest providers of insurance, annuities, and employee benefit programs, with a significant presence in nearly 60 countries worldwide. Key Highlights: - Global Presence: MetLife serves approximately 100 million customers globally, showcasing its vast reach and influence in the insurance sector. - Innovation in Insurance: The company has been a pioneer in introducing various insurance products and services tailored to meet the evolving needs of its customers, including the first-ever childcare leave program in the insurance industry. - Snoopy and the Peanuts Gang: For over 30 years, MetLife used Snoopy and other Peanuts characters as part of its branding, making it a unique and recognizable face in the insurance world. However, in 2016, MetLife ...

Read More

Arrow

Insurance

United States, New Jersey

1 Billion and Over

10001+

About Prudential Financial

Prudential Financial, Inc., established in 1875, is a global financial services behemoth headquartered in Newark, New Jersey. Originally founded to provide affordable life insurance to working-class families, Prudential has grown into a Fortune 500 company, offering a wide array of financial products and services. These include life insurance, annuities, mutual funds, pension- and retirement-related investments, administration and asset management, and securities brokerage services. Prudential is recognized by its iconic Rock of Gibraltar logo, symbolizing strength and reliability, traits that have been associated with the company since its inception. The company operates in the United States, Asia, Europe, and Latin America, demonstrating its extensive global footprint. Did You Know? Prudential Financial was instrumental in financing several major historical constructions, including the George Washington Bridge and Radio City Music Hall. Additionally, during World War II, Prude...

Read More

Arrow
medal AIG

Insurance

United States, New York

1 Billion and Over

10001+

About AIG

American International Group, Inc., commonly known as AIG, is a multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions. Founded on December 19, 1919, by Cornelius Vander Starr in Shanghai, China, AIG has grown to become one of the global leaders in insurance and financial services. The company's headquarters are now located in New York City, United States. AIG provides a wide range of products and services, including general property/casualty and life insurance, retirement products, and other financial services. It serves both corporate and individual clients, offering solutions tailored to their diverse needs. Did You Know? - AIG played a significant role during the financial crisis of 2008. It was bailed out by the United States government with a rescue package that totaled approximately $180 billion, one of the largest bailouts in history. This event led to significant restructuring and the sale of several of its subsidiarie...

Read More

Arrow

Insurance

United States, Pennsylvania

1 Billion and Over

10001+

About Chubb

Chubb Limited, often simply referred to as Chubb, stands as one of the world's largest publicly traded property and casualty insurance companies. With its origins tracing back to 1882, the company was initially founded as an underwriting company in the maritime industry by Thomas Caldecot Chubb and his son Percy in New York City. Over the decades, Chubb has expanded its portfolio to offer a wide range of insurance products including life insurance, personal accident and supplemental health insurance, reinsurance, and property and casualty insurance. Headquartered in Zurich, Switzerland, Chubb operates in 54 countries and territories, showcasing its global reach and influence in the insurance industry. The company prides itself on its extensive product offerings and its ability to underwrite a diverse array of risks. Chubb serves a broad clientele, ranging from individuals to multinational corporations. Did You Know? - Chubb has a unique masterpiece protection service, specificall...

Read More

Arrow

Insurance

United States, Illinois

1 Billion and Over

10001+

About Allstate

Allstate Corporation, often simply known as Allstate, is a titan in the American insurance industry. Founded in 1931 as part of Sears, Roebuck and Co., it has since evolved into an independent entity, standing tall with its headquarters in Northfield Township, Illinois. Allstate is renowned for its personal lines insurance, being the fourth largest among such insurers in the United States. Did You Know? The company's slogan, "You're in good hands with Allstate," is not just a catchy phrase but a testament to its commitment to customer service and reliability. This slogan, introduced in the 1950s, has become one of the most recognizable in American advertising history. Allstate's product line is diverse, offering auto, home, life, and renters insurance, among others. It operates through a network of exclusive agents, making it unique in its approach to sales and customer service. The company also owns various subsidiaries, including Esurance, Encompass Insurance Company, and Squa...

Read More

Arrow

Insurance

United States, Ohio

1 Billion and Over

10001+

About Progressive Insurance

Progressive Corporation, an American insurance giant, stands as a beacon in the industry, offering a wide array of insurance products including auto, home, and commercial policies. Founded in 1937 by Joseph Lewis and Jack Green as a way to provide vehicle owners with security and protection, Progressive has grown exponentially to become one of the largest providers of car insurance in the United States. Headquartered in Mayfield Village, Ohio, Progressive is renowned for its innovative approach to insurance, being the first in the industry to introduce reduced rates for low-risk drivers. This pioneering spirit is also evident in their introduction of the "Snapshot" program, a usage-based insurance plan that adjusts rates based on actual driving behavior, a game-changer in personalized insurance. Did You Know? Progressive was also a trailblazer in the online insurance space, becoming the first major auto insurance company in the world to launch a website in 1995. The site initial...

Read More

Arrow

Insurance

United States, New York

1 Billion and Over

10001+

About Travelers

The Travelers Companies, Inc., often simply known as Travelers, stands as a titan in the American insurance industry. With its headquarters nestled in New York City, Travelers has etched its name as one of the largest providers of personal and commercial property and casualty insurance in the United States. Founded in 1853 by James G. Batterson, the company has a storied history that spans over a century and a half, making it one of the oldest insurance organizations in the U.S. Travelers is renowned for its extensive range of insurance products and services, catering to the needs of individuals, businesses, and government units. Its offerings encompass auto, homeowners, and renters insurance, as well as a variety of commercial insurance products designed to protect businesses of all sizes. The company operates through three main segments: Personal Insurance, Business Insurance, and Bond & Specialty Insurance, each tailored to meet the unique needs of its diverse clientele. Did Yo...

Read More

Arrow

Insurance

United States, Kentucky

1 Billion and Over

10001+

About Humana

Humana Inc. is a prominent American health insurance company headquartered in Louisville, Kentucky. Founded in 1961 by David A. Jones, Sr., and Wendell Cherry, the company initially started as a nursing home company before pivoting to hospital operations in the 1970s and later transitioning into the health insurance sector in the 1980s. Today, Humana is recognized as one of the largest health insurance providers in the United States, offering a wide range of health, wellness, and insurance products and services aimed at individual consumers, Medicare beneficiaries, and military members. Did You Know? - Humana made a significant mark in the healthcare industry by pioneering the use of computers for administrative and actuarial work in the 1960s, a move that was ahead of its time. - The company was originally named "Extendicare Inc." and was among the nation's largest nursing home companies before shifting its focus towards hospital care and subsequently health insurance. - In 2015,...

Read More

Arrow
lock Get Full Access
employees

Segmentation by Number of Employees

project description icon

Industry Overview

The banking and finance industry in the United States is a crucial sector that plays a significant role in the country's economy. It encompasses a wide range of financial institutions, including commercial banks, investment banks, credit unions, insurance companies, asset management firms, and other financial intermediaries. Commercial banks are the backbone of the banking industry, providing a variety of services to individuals, businesses, and government entities. They accept deposits, offer loans, facilitate payments, issue credit cards, and provide other financial products and services. Some of the largest commercial banks in the U.S. include JPMorgan Chase, Bank of America, Wells Fargo, and Citigroup. Investment banks, on the other hand, primarily focus on capital markets activities such as underwriting securities, facilitating mergers and acquisitions, and providing advisory services to corporations, governments, and institutional investors. These banks often work closely wi...

Read More

FAQ

FAQs

The top Insurance companies in the US are Berkshire Hathaway, UnitedHealth Group and MetLife. To view a full list of companies in this industry, please sign in to CIENCE GO Data.

The companies are ranked based on factors such as revenue, workforce (employee count), and regional location.

There are approximately 21493 of Insurance companies in the US according to the latest CIENCE data.

The median revenue for Insurance companies in the US is 2500000.

The average revenue for Insurance companies is 62507165.

You can find job opportunities in the Insurance through online job portals, company websites, and industry-specific job fairs. Each company listed in the CIENCE database includes known company phone numbers and website information.

The Insurance companies are located across United States.

Premium Sales Data for Prospecting

  • Sales data across over 200M records

  • Up-to-date records (less decayed data)

  • Accurate Email Lists (real-world tested)

  • Powerful search engine and intuitive interface

lock icon Get Full Access