Insurance companies can be ranked in a number of ways on the basis of the company’s value on a stock exchange or referring to the sales graph or based on the number of policies that were sold. The ranking is also dependent on the type/line of insurance.
Insurance companies can be classified into Life insurance and Non-Life insurance companies. Life insurance companies assure to pay a sum of money upon the death of the covered individual in return for a premium. Non-life insurance companies deal with real estate, vehicle damage, etc. They also provide policies dealing with problems that may have occurred as a result of an accident or carelessness related so that the cost of litigations or medical compensations resulting from such occurrences can be settled. Read on to learn about some of the top insurance companies that provide the best insurance in the USA.
Top Property & Casualty Insurance companies in the US
- State Farm Group
State Farm Group is an insurance company that not only provides its customers with Automobile insurance but also offers them with Home insurance, Renter’s insurance, Condo insurance, Motorcycle insurance, Disability insurance, Life and Health insurance. - Allstate Insurance Group
Allstate insurance group is the next major personal lines property and casualty insurer. The group offers Auto insurance and Home insurance. - Liberty Mutual
Liberty Mutual is one of the largest property and casualty insurers in the US. It offers a wide range of products and services including personal and commercial automobile, homeowner’s worker compensation, fire, and general liability. - Berkshire Hathaway
Berkshire Hathaway is a conglomerate of a dozen of companies. It provides Travel insurance, Health insurance, Workers compensation, Home insurance, and personal and commercial auto insurance. Berkshire also holds a share of companies like The Coca-Cola Company, Wells Fargo, IBM, Apple, American Express, Kraft Heinz Company, United Airlines, Delta Airlines, Southwest Airlines and American Airlines. - Travelers Group
One of the largest groups of insurance providers is Travelers group. It is a top insurance company that offers commercial property and casualty insurance and personal insurance that include home, auto, and other insurance products for the individuals. It also provides Bond and Specialty Insurance including indemnity, offense, and financial problem issues. - American International Group
American International Group offers three businesses, AIG Property Casualty, AIG Life and Retirement and United Guaranty Corporation. AIG Property Casualty insurance is responsible for insurance products for commercial and individual clients. Life insurance and retirement services are provided by AIG Life and Retirement in the country. UGC concentrates on loan security insurance and loan coverage making it one of the top insurance companies. - MetLife
MetLife is one of the most preferred companies when it comes to Life insurance and is one of the largest suppliers of annuities, and employee benefit programs. Additionally, it offers Auto and Home insurance to its clients. - Prudential of America
Prudential of America offers Life insurance, Annuities, Mutual Funds, Group Insurance and disability insurance in the United States. It also proposes claim amending services, accidental death, and other related coverage. - Mass Mutual
Massachusetts Mutual is an American life insurance corporation that offers financial products such as life insurance, disability insurance, and long-term care insurance, retirement plan services and annuities. - State Farm Insurance
State Farm Insurance is a mutual insurance company. The main business of this group is Automobile insurance. - United Healthcare
United Healthcare offers Health insurance, Dental insurance, Vision insurance and many more types of insurance. They provide insurance to Employees of a company and to people of the state. They also provide health insurance at global level making them one of the top insurance companies. - WellPoint Group
WellPoint Group is a forerunner of Blue Cross Group. It is now known as Anthem Inc. It is the largest company that provides health insurance, safety services, and disability support. - Cigna Health Insurance
Cigna Health Insurance organization is a major provider of medical, dental, accident, disability and life insurance for the employees of governmental and non-governmental organizations. It also offers Medicare and Medicaid coverage to the individuals in the country. - Aetna Life Insurance
Aetna Life insurance is an American Healthcare company that provides its clients with Healthcare insurance plans and related services. - USAA Group
The United States Automobile Association group offers a range of Personal Property and Casualty insurance services like personal auto insurance, homeowner insurance, renter insurance, umbrella and personal property insurance. Additionally, it also provides whole life insurance, term life insurance and annuities making it one of the top insurance companies.
There are a number of ways to choose from with factors and offers to consider while ranking the top insurance companies. Details like the sales figures or the premiums collected or the number of policies sold by an insurance company help to determine which firms are doing well and which are not. It also helps the individual to perform enough research before buying policies from the company. Good luck with buying a policy from an insurance company!
