There are many widely known Insurance companies in the United States, such as Aflac and AllState. While if you are looking for the Top 5 insurance company in United States which suit your desires and you may have to sift through different coverage companies until you discover the proper insurance alternatives. Then this guide will assist you to discover the list of best insurance companies in USA without losing some time.
What is Insurance?
Insurance is a way of spreading out the huge economic risk of a person or a business entity to a massive organization of Individual or business entities within the incidence of an unfortunate incident that is predefined. The cost of being insured is paid monthly or annually to the insurance companies.
The money paid as compensation cannot be recovered unless the pre-determined event occurs within the stipulated time. Insurance is a way to effectively reduce risk to people, if there is a shock and insurance is taken out then an insurance company lightens its financial burden.
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Top 5 List of Insurance Companies in USA of 2021
|Company||Industry||Market Capital ($)|
|1. MetLife||Life Insurance||$52.95 Billion Dollar|
|2. Aflac||Life Insurance||$31.7 Billion Dollar|
|3. Progressive||Property and Casualty Insurance||$51 Billion Dollar|
|4. Marsh & McLennan||Insurance Brokers||$55.7 Billion Dollar|
|5. Hartford Insurance||Diversified Insurance||$17.2 Billion Dollar|
Details of Top 5 Insurance Company In United States of 2021
- Industry: Life Insurance
- Website: metlife.com
- Market Capital ($): 52.95 Billion Dollar
- Stock ticker: MET
Metropolitan Life Insurance Company (MLIC) is the holding company of MetLife, Inc. which is among the largest global providers of insurance, annuities, and employee benefit programs. Metlife holds with 90 million customers in over 60 countries.
MetLife was founded on 24th March 1968. Metlife dealings with Home Insurance, Car Insurance, and Life Insurance, commercial mortgages and securities financed by commercial mortgages, and sovereign debt. They manage their business throughout the United States, Japan, Latin America, Asia Pacific region, Europe, and the Middle East.
- Industry: Life Insurance
- Website: aflac.com
- Market Capital ($): 31.7 Billion Dollar
- Stock ticker: AFL
The American Family Life Assurance Company is known as Aflac Inc. which is the largest supplemental insurance provider in the United States. Aflac Inc. is an American Insurance Company; was founded in 1955 and is situated in Columbus, Georgia. Aflac provides a wide range of Insurance policies in the US and they provide cash benefits to the policyholders for Accidents or Illnesses under the payroll deduction insurance coverage if they already have taken. Aflac represents sales agencies in Japan and licensed sales associates in the US.
- Industry: Property and Casualty Insurance
- Website: progressive.com
- Market Capital ($): 51 Billion Dollar
- Stock ticker: PGR
Progressive Corporation is known as Progressive which is an Insurance company in United States. They especially deal in Car Insurance (like- motorcycles, boats, RVs, and commercial vehicles) in the USA, and also they offer car insurance in Australia. Also, they offer Insurance for homes. Progressive Corporation was founded in 1937 by Jack Green and Joseph M. Lewis and its headquarter is in Mayfield Village, Ohio.
4. Marsh & McLennan
- Industry: Insurance Brokers
- Website: mmc.com
- Market Capital ($): 55.7 Billion Dollar
- Stock ticker: MMC
Marsh & McLennan is an Insurance Company in United States; operating in Insurance Brokerage, insurance brokerage, risk management, reinsurance services, talent management, investment advisory, and management consulting. Marsh & McLennan, Inc. is a global professional service company whose headquartered in New York City. Guy Carpenter, Marsh, Mercer, and Oliver Wyman Group- these are the four main operating companies of Marsh & McLennan.
5. Hartford Insurance
- Industry: Diversified Insurance
- Website: thehartford.com
- Market Capital ($): 17.2 Billion Dollar
- Stock ticker: HIG
The Hartford Financial Services Group, Inc. is known as The Hartford which is an Investment and Insurance Company in United States. The Hartford was founded in 1810 and its headquarter is in Hartford, Connecticut. They offer Insurance for Business, Home and Car. They sell products primarily by a network of agents and brokers.
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