Who is the world's largest publicly traded property and casualty insurer?
Asked by: Gina Kutch | Last update: December 29, 2025Score: 4.4/5 (69 votes)
Who are the top 3 insurance companies?
State Farm is the largest auto insurance company in the U.S. based on written premium, or the total amount it bills customers. Progressive is the second-largest car insurance company, followed by Geico and Allstate.
Is State Farm the largest insurer?
State Farm is the largest property and casualty insurance provider, and the largest auto insurance provider, in the United States. State Farm is ranked 39th in the 2024 Fortune 500, which lists American companies by revenue.
Who is the largest P&C insurance company in the world?
State Farm
With a reported $93.8bn in earned premiums in 2023, State Farm is at the top of the world's largest property and casualty insurance companies list.
Who is bigger State Farm or geico?
State Farm is the biggest auto insurance company in the country by market share. Progressive, Geico and Allstate are the next three largest. Most of the largest companies in the country are familiar because of national advertising campaigns.
Allstate Corporation vs Arch Capital | Property and Casualty Insurance industry stocks
Who is State Farm's biggest competitor?
State Farm main competitors are USAA, MetLife, and American Family Insurance. Competitor Summary. See how State Farm compares to its main competitors: MetLife has the most employees (49,000).
What is the richest insurance company in the United States?
How many P&C insurance companies are there in the US?
There was 3,968 Property, Casualty and Direct Insurance in the US businesses as of 2023, an increase of 1.4% from 2022.
Who is the richest person in insurance?
1. Warren Buffett. Buffett once again secures the top spot on the list of the country's wealthiest insurance tycoons. The man known as the “Oracle of Omaha” currently sits in the tenth spot of Forbes' overall rankings with a net worth of $103.6 billion.
What is the strongest insurance brand in the world?
NEW DELHI: Insurance behemoth Life Insurance Corporation of India (LIC) has emerged as the strongest insurance brand globally, according to a report Brand Finance Insurance 100 2024.
Who owns State Farm?
State Farm is a mutual company, which means that it is owned by its policyholders. Unlike publicly traded companies, State Farm does not have shareholders to whom it needs to provide dividends.
Who is the leading P&C insurer?
- State Farm. Country of domicile: US. ...
- PICC. Country of domicile: China. ...
- Berkshire Hathaway. Country of domicile: US. ...
- Allianz. Country of domicile: Germany. ...
- Lloyd's of London. Country of domicile: UK. ...
- Liberty Mutual. Country of domicile: US. ...
- AXA. ...
- Progressive.
What is the oldest P&C insurance company?
The Philadelphia Contributionship
Established in 1752 by Benjamin Franklin, it's the oldest property insurance company in the United States. The very first coverage type they offered? Fire-related damages. Its historical roots make it a foundational piece in the American insurance landscape.
Is Liberty Mutual publicly traded?
Is Liberty Mutual publicly traded? No, Liberty Mutual is not publicly traded. It operates as a mutual company, meaning it is owned by its policyholders rather than shareholders and does not issue public stock.
Who is the biggest P&C insurer?
US personal lines powerhouse State Farm Mutual Automobile Insurance Co. topped the ranking, with $87.59 billion of direct premiums earned last year.
What insurance companies do billionaires use?
A small number of premier insurance companies offer these products tailored to the unique needs of high net worth families. Chubb, PURE Insurance, Cincinnati Insurance, AIG Private Client, VAULT, and National General are all highly regarded insurance companies with products reserved for high net worth homeowners.
Who are the largest shareholders of State Farm?
- Johnson & Johnson 4.61%
- Caterpillar Inc. 4.31%
- Eli Lilly and Company 4.20%
- Microsoft Corporation 3.86%
- ASML Holding N.V. 3.28%
- Walmart Inc. 3.18%
- Vulcan Materials Company 3.08%
- Alphabet Inc. 3.07%
How much does Jake from State Farm make?
How Much Does Jake from State Farm Make? The original Jake, the real-life State Farm agent named Jake Stone, made around $10,000 for his role as himself in the commercial. Kevin Miles, the new Jake, earns around $10,000 to $15,000 for his ads. He's also a social media influencer with a net worth of $2 million.
Who is better than State Farm insurance?
GEICO is cheaper and has better ratings than State Farm. Your experience with GEICO and State Farm will vary based on individual rating factors.
Is GEICO owned by Allstate?
GEICO is a wholly owned subsidiary of Berkshire Hathaway, which provides coverage for more than 24 million motor vehicles owned by more than 15 million policy holders as of 2017.
What insurance company makes the most money?
What Is the Wealthiest Insurance Company in the World? While United Health Group is the largest insurance company by revenue, it is dwarfed by Berkshire Hathaway in terms of net income and market cap.