Topic: Insurance industry in the United States (2026)

Editor’s Picks Current statistics on this topic

Current statistics on this topic

InsuranceLeading insurance companies in the U.S. 2022, by total assets
InsuranceLeading insurance brokers in the U.S. 2020-2022, by revenue
InsuranceESG scores of the worlds' largest insurance companies 2023, by provider

Related topics

Other major markets

4
  • Insurance industry in China
  • Insurance industry in the UK
  • Insurance industry in Japan
  • Insurance industry in France

Key players

2
  • Berkshire Hathaway
  • MetLife

Insurtech

3
  • Insurtech
  • Insurtech in China
  • Insurtech in Brazil

Recommended statistics

Overview

7
  • Premium Statistic Leading insurance companies in the U.S. 2022, by total assets
  • Premium Statistic Insurance market size in the U.S. 2009-2022
  • Premium Statistic Number of employees in the insurance industry in the U.S. 1960-2022
  • Premium Statistic Number of insurance industry employees in the U.S. 2020-2022, by occupation
  • Premium Statistic Employment in the U.S. insurance sector 2019-2021, by state
  • Premium Statistic U.S. insurance agents, brokers and service ad spend industry 2021-2022
  • Premium Statistic ESG scores of the worlds' largest insurance companies 2023, by provider

Overview

  • Premium Statistic Leading insurance companies in the U.S. 2022, by total assets

    Topic: Insurance industry in the United States (4)

    Leading insurance companies in the U.S. 2022, by total assets

    Largest insurance companies in the United States in 2022, by total assets (in billion U.S. dollars)

  • Premium Statistic Insurance market size in the U.S. 2009-2022

    Topic: Insurance industry in the United States (5)

    Insurance market size in the U.S. 2009-2022

    Value of insurance premiums written in the United States from 2009 to 2022 (in trillion U.S. dollars)

  • Premium Statistic Number of employees in the insurance industry in the U.S. 1960-2022

    Topic: Insurance industry in the United States (6)

    Number of employees in the insurance industry in the U.S. 1960-2022

    Number of employees in the insurance industry in the United States from 1960 to 2022 (in millions)

  • Premium Statistic Number of insurance industry employees in the U.S. 2020-2022, by occupation

    Topic: Insurance industry in the United States (7)

    Number of insurance industry employees in the U.S. 2020-2022, by occupation

    Number of insurance industry employees in the United States from 2020 to 2022, by occupation (in 1,000s)

  • Premium Statistic Employment in the U.S. insurance sector 2019-2021, by state

    Topic: Insurance industry in the United States (8)

    Employment in the U.S. insurance sector 2019-2021, by state

    Number of employees in insurance sector in the United States from 2019 to 2021, by state

  • Premium Statistic U.S. insurance agents, brokers and service ad spend industry 2021-2022

    Topic: Insurance industry in the United States (9)

    U.S. insurance agents, brokers and service ad spend industry 2021-2022

    Advertising spending in the insurance agents, brokers and service industry in the United States from 2021 to 2022 (in million U.S. dollars)

  • Premium Statistic ESG scores of the worlds' largest insurance companies 2023, by provider

    Topic: Insurance industry in the United States (10)

    ESG scores of the worlds' largest insurance companies 2023, by provider

    Comparison of the environmental, social and governance (ESG) scores of the 26 largest insurance companies by market capitalization worldwide in 2023, by ESG score provider

Segments

4
  • Premium Statistic Insurance market size, by sector U.S. 2009-2022
  • Premium Statistic Share of property and casualty insurance premiums in the U.S. 2019-2022, by line
  • Premium Statistic Life insurance ownership in the U.S. 2011-2023
  • Premium Statistic Direct health insurance premiums written in the U.S. 2015-2022, by type

Segments

  • Premium Statistic Insurance market size, by sector U.S. 2009-2022

    Topic: Insurance industry in the United States (11)

    Insurance market size, by sector U.S. 2009-2022

    Value of insurance premiums written in the United States from 2009 to 2022, by sector (in billion U.S. dollars)

  • Premium Statistic Share of property and casualty insurance premiums in the U.S. 2019-2022, by line

    Topic: Insurance industry in the United States (12)

    Share of property and casualty insurance premiums in the U.S. 2019-2022, by line

    Distribution of net premiums written by property and casualty insurance companies in the United States from 2019 to 2022, by line

  • Premium Statistic Life insurance ownership in the U.S. 2011-2023

    Topic: Insurance industry in the United States (13)

    Life insurance ownership in the U.S. 2011-2023

    Distribution of life insurance ownership in the United States from 2011 to 2023

  • Premium Statistic Direct health insurance premiums written in the U.S. 2015-2022, by type

    Topic: Insurance industry in the United States (14)

    Direct health insurance premiums written in the U.S. 2015-2022, by type

    Direct premiums written by the health insurance industry in the United States from 2015 to 2022, by type of insurance (in billion U.S. dollars)

Leading companies

7
  • Premium Statistic Largest U.S. life insurance companies 2024, by market cap
  • Premium Statistic Leading U.S. life insurance companies 2022, by assets
  • Premium Statistic Leading U.S. writers of property and casualty insurance 2020-2022, by premiums
  • Premium Statistic Leading U.S. life/health insurance writers by direct premiums written 2019-2022
  • Premium Statistic Ad spend of selected insurance brands in the U.S. in 2022
  • Premium Statistic Leading insurance brokers in the U.S. 2020-2022, by revenue
  • Premium Statistic NPS of insurance brokers in the U.S. 2014-2022

Leading companies

  • Premium Statistic Largest U.S. life insurance companies 2024, by market cap

    Topic: Insurance industry in the United States (15)

    Largest U.S. life insurance companies 2024, by market cap

    Largest life insurance companies in the United States as of January 8, 2024, by market capitalization (in billion U.S. dollars)

  • Premium Statistic Leading U.S. life insurance companies 2022, by assets

    Topic: Insurance industry in the United States (16)

    Leading U.S. life insurance companies 2022, by assets

    Largest life insurance companies in the United States in 2022, by assets (in billion U.S. dollars)

  • Premium Statistic Leading U.S. writers of property and casualty insurance 2020-2022, by premiums

    Topic: Insurance industry in the United States (17)

    Leading U.S. writers of property and casualty insurance 2020-2022, by premiums

    Leading writers of property and casualty insurance in the United States in from 2020 to 2022, by direct premiums written (in billion U.S. dollars)

  • Premium Statistic Leading U.S. life/health insurance writers by direct premiums written 2019-2022

    Topic: Insurance industry in the United States (18)

    Leading U.S. life/health insurance writers by direct premiums written 2019-2022

    Leading life and health insurance companies in the United States from 2019 to 2022, by direct premiums written (in billion U.S. dollars)

  • Premium Statistic Ad spend of selected insurance brands in the U.S. in 2022

    Topic: Insurance industry in the United States (19)

    Ad spend of selected insurance brands in the U.S. in 2022

    Advertising spending of selected insurance brands in the United States in 2022 (in million U.S. dollars)

  • Premium Statistic Leading insurance brokers in the U.S. 2020-2022, by revenue

    Topic: Insurance industry in the United States (20)

    Leading insurance brokers in the U.S. 2020-2022, by revenue

    Leading insurance brokers in the United States from 2020 to 2022, by brokerage revenue (in billion U.S. dollars)

  • Premium Statistic NPS of insurance brokers in the U.S. 2014-2022

    Topic: Insurance industry in the United States (21)

    NPS of insurance brokers in the U.S. 2014-2022

    Net promoter score (NPS) of insurance brokers in the United States from 2014 to 2022

Sales metrics & consumption

9
  • Premium Statistic Total revenue of U.S. life/annuity insurance industry 2009-2022
  • Premium Statistic Value of homeowner multiple peril insurance net premiums in the U.S. 2006-2022
  • Premium Statistic U.S. household expenditure on home insurance 2007-2021
  • Premium Statistic U.S. household expenditure on health insurance 2007-2021
  • Premium Statistic U.S. household expenditure on dental care insurance 2017-2021
  • Premium Statistic U.S. household expenditure on vision care insurance 2017-2021
  • Premium Statistic U.S. household expenditure on personal insurance and pensions 2007-2021
  • Premium Statistic U.S. household expenditure on long-term care insurance 2007-2021
  • Premium Statistic U.S. household expenditure on tenants insurance 2007-2021

Sales metrics & consumption

  • Premium Statistic Total revenue of U.S. life/annuity insurance industry 2009-2022

    Topic: Insurance industry in the United States (22)

    Total revenue of U.S. life/annuity insurance industry 2009-2022

    Total revenue of life/annuity insurance industry in the United States from 2009 to 2022 (in billion U.S. dollars)

  • Premium Statistic Value of homeowner multiple peril insurance net premiums in the U.S. 2006-2022

    Topic: Insurance industry in the United States (23)

    Value of homeowner multiple peril insurance net premiums in the U.S. 2006-2022

    Value of net premiums written by homeowner multiple peril insurance industry in the United States from 2006 to 2022 (in billion U.S. dollars)

  • Premium Statistic U.S. household expenditure on home insurance 2007-2021

    Topic: Insurance industry in the United States (24)

    U.S. household expenditure on home insurance 2007-2021

    Average annual expenditure on homeowners insurance per consumer unit in the United States from 2007 to 2021 (in U.S. dollars)

  • Premium Statistic U.S. household expenditure on health insurance 2007-2021

    Topic: Insurance industry in the United States (25)

    U.S. household expenditure on health insurance 2007-2021

    Average annual expenditure on health insurance per consumer unit in the United States from 2007 to 2021 (in U.S. dollars)

  • Premium Statistic U.S. household expenditure on dental care insurance 2017-2021

    Topic: Insurance industry in the United States (26)

    U.S. household expenditure on dental care insurance 2017-2021

    Average annual expenditure on dental care insurance per consumer unit in the United States from 2017 to 2021 (in U.S. dollars)

  • Premium Statistic U.S. household expenditure on vision care insurance 2017-2021

    Topic: Insurance industry in the United States (27)

    U.S. household expenditure on vision care insurance 2017-2021

    Average annual expenditure on vision care insurance per consumer unit in the United States from 2017 to 2021 (in U.S. dollars)

  • Premium Statistic U.S. household expenditure on personal insurance and pensions 2007-2021

    Topic: Insurance industry in the United States (28)

    U.S. household expenditure on personal insurance and pensions 2007-2021

    Average annual expenditure on personal insurance and pensions per consumer unit in the United States from 2007 to 2021 (in U.S. dollars)

  • Premium Statistic U.S. household expenditure on long-term care insurance 2007-2021

    Topic: Insurance industry in the United States (29)

    U.S. household expenditure on long-term care insurance 2007-2021

    Average annual expenditure on long-term care insurance per consumer unit in the United States from 2007 to 2021 (in U.S. dollars)

  • Premium Statistic U.S. household expenditure on tenants insurance 2007-2021

    Topic: Insurance industry in the United States (30)

    U.S. household expenditure on tenants insurance 2007-2021

    Average annual expenditure on tenants insurance per consumer unit in the United States from 2007 to 2021 (in U.S. dollars)

Investment

4
  • Premium Statistic Value of investments of life and health insurers in the U.S. 2008-2022
  • Premium Statistic Value of investments of U.S. life and health insurers 2022, by asset type
  • Premium Statistic Value of investments of property and casualty insurers in the U.S. 2013-2022
  • Premium Statistic Investments of property and casualty insurers in the U.S. 2013-2022, by asset type

Investment

  • Premium Statistic Value of investments of life and health insurers in the U.S. 2008-2022

    Topic: Insurance industry in the United States (31)

    Value of investments of life and health insurers in the U.S. 2008-2022

    Value of investments of life and health insurance companies in the United States from 2008 to 2022 (in billion U.S. dollars)

  • Premium Statistic Value of investments of U.S. life and health insurers 2022, by asset type

    Topic: Insurance industry in the United States (32)

    Value of investments of U.S. life and health insurers 2022, by asset type

    Value of investments of life and health insurance companies in the United States in 2022, by asset type (in billion U.S. dollars)

  • Premium Statistic Value of investments of property and casualty insurers in the U.S. 2013-2022

    Topic: Insurance industry in the United States (33)

    Value of investments of property and casualty insurers in the U.S. 2013-2022

    Value of investments of property and casualty insurers in the United States from 2013 to 2022 (in trillion U.S. dollars)

  • Premium Statistic Investments of property and casualty insurers in the U.S. 2013-2022, by asset type

    Topic: Insurance industry in the United States (34)

    Investments of property and casualty insurers in the U.S. 2013-2022, by asset type

    Value of investments of property and casualty insurers in the United States from 2013 to 2022, by asset type (in billion U.S. dollars)

Topic: Insurance industry in the United States (2026)

FAQs

What is the US insurance industry? ›

The insurance market in the United States is one of the largest in the world, leading the industry with high premium volumes and employee numbers, as well as insurance company revenues. Insurance premiums written in the U.S. exceed one trillion U.S. dollars annually.

What is the role of insurance in the United States? ›

Insurance, generally, is a contract in which the insurer agrees to compensate or indemnify another party (the insured, the policyholder or a beneficiary) for specified loss or damage to a specified thing (e.g., an item, property or life) from certain perils or risks in exchange for a fee (the insurance premium).

What is the most common form of insurance in the United States? ›

In 2022, private health insurance coverage continued to be more prevalent than public coverage, at 65.6 percent and 36.1 percent, respectively.

Is the insurance industry growing in the US? ›

The US P&C insurance industry enters 2024 with strong momentum. Profitability was below insurers' cost of capital last year, but strong premium increases, easing claims cost inflation and higher investment returns began to boost industry results by 2H23.

What is the insurance industry known for? ›

The Bottom Line

By providing both individuals and businesses with a variety of insurance products, the insurance industry offers financial protection against potential risks and losses.

How many types of insurance are there in the US? ›

Most experts agree that life, health, long-term disability, and auto insurance are the four types of insurance you must have. Employer coverage is often the best option, but if that is unavailable, obtain quotes from several providers as many provide discounts if you purchase more than one type of coverage.

How important is insurance in the US? ›

Insurance is an important financial tool. It can help you live life with fewer worries knowing you'll receive financial assistance after a disaster or accident, helping you recover faster.

Who regulates the insurance industry in us? ›

Introduction. Insurance is regulated by the states. This system of regulation stems from the McCarran-Ferguson Act of 1945, which describes state regulation and taxation of the industry as being in “the public interest” and clearly gives it preeminence over federal law.

How does insurance work in the US? ›

Having health insurance usually means you pay a premium every month and, in return, your health insurance plan pays part of the bill when you need a service from a doctor or another provider. Health insurance usually covers doctors' visits, prescription drugs, medical, and surgical services.

What are the 3 most important insurance? ›

As you hit certain life milestones, some policies, including health insurance and auto insurance, are virtually required, while others like life insurance and disability insurance are strongly encouraged.

What is the number one insurance company in the US? ›

With the largest market share of any car insurer in the U.S., State Farm makes up 16.8% of total auto policies sold.

Who provides most insurance in the United States *? ›

10 Largest Group Health Insurance Companies in the U.S.
RankHealth insurance companyMarket share
1Kaiser Permanente14.85%
2UnitedHealth Group8.42%
3Elevance Health (including Anthem and Wellpoint)7.72%
4HCSC (including BCBS plans)7.26%
7 more rows
Feb 26, 2024

What is the biggest threat to the insurance industry? ›

As the insurance sector grapples with multifaceted challenges, identifying and understanding these risk factors is the first step in crafting a resilient strategy for the future.
  1. Compliance changes. ...
  2. Cybersecurity threats. ...
  3. Technology changes. ...
  4. Climate change & other environmental factors. ...
  5. Talent shortage. ...
  6. Financial risks.
Mar 21, 2024

What is the biggest challenge facing the insurance industry? ›

Top 10 Challenges in Today's Insurance Industry
  1. Cybersecurity Risks. ...
  2. Consumer Expectations and Experience. ...
  3. Talent Attraction and Retention. ...
  4. Evolving Regulatory Environment. ...
  5. Disruptive Technologies and Insurtech. ...
  6. Climate Change and Catastrophic Events. ...
  7. Shifting Demographics and Aging Population. ...
  8. Escalating Healthcare Costs.
Jan 18, 2024

What is America's largest insurance company? ›

State Farm is the largest property and casualty insurance company in the United States. It had more than $70 billion in premiums in 2021.

What is the size of the US insurance market? ›

In 2022, insurance premiums written in the United States amounted to 1.48 trillion U.S. dollars, which includes property/casualty premiums in addition to life/annuity premiums.

Is insurance the biggest industry in the world? ›

Insurance is one of the largest industries in the world, with a global market value greater than the gross domestic product (GDP) of many countries. While estimates can vary, most sources put the figure at around 6.8 trillion U.S. dollars of insurance premiums written in 2022.

How much of the US economy is insurance? ›

Insurance Sector's Share Of Gross Domestic Product (GDP), 2018-2022
Insurance carriers and related activities
YearTotal GDPPercent of total GDP
2018$20,533.12.9%
201921,381.02.8
202021,060.52.9
2 more rows

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