In this article, we discuss the 5 biggest funeral companies in the US. If you want to read about some more funeral companies in the US, go directly to the 10 Biggest Funeral Companies in the US.
05. Pinelawn Cemetery (OTC:PLWN)
Market Capitalization as of November 30, 2022: $2.01 billion
Pinelawn Cemetery (OTC:PLWN) provides cremation services. It primarily offers cremation services at Memorial Gardens and Garden Mausoleums. Pinelawn Cemetery (OTC:PLWN) is based in Farmingdale, New York. Pinelawn Cemetery Company operates a cemetery in Farmingdale, New York. The Company provides in-ground burial, mausoleum entombment, cremation, and lawn crypt entombment.
04. Hillenbrand, Inc. (NYSE:HI)
Market Capitalization as of November 30, 2022: $3.34 billion
Hillenbrand, Inc. (NYSE:HI) was founded in 1906 and is based in Batesville, Indiana. Hillenbrand, Inc. (NYSE:HI) operates as a diversified industrial company in the United States and internationally. Hillenbrand, Inc. (NYSE:HI) operates through three segments: Advanced Process Solutions, Molding Technology Solutions, and Batesville.
The Batesville business develops, produces, distributes, and sells products and solutions for funeral services, including containers and urns, burial and cremation caskets, various individualized and memorialized items, and web-based software.
03. Assurant, Inc. (NYSE:AIZ)
Market Capitalization as of November 30, 2022: $6.68 billion
Assurant, Inc. (Assurant) is a Delaware corporation, formed in connection with the initial public offering of its Common Stock, which began trading on the New York Stock Exchange on February 5, 2004. Before that initial trading date, Fortis, Inc., a Nevada corporation, had formed Assurant and merged into it on February 4, 2004.
Assurant PreNeed, which Assurant, Inc. (NYSE:AIZ) began operating with the acquisition of United Family Life Insurance Company in 1980, is the market leader in the United States in pre-funded funeral insurance based on the face amount of new policies sold. Pre-funded funeral insurance offers annuity or whole life insurance death benefits that can be used to pay for pre-arranged funeral expenses. Assurant, Inc. (NYSE:AIZ), a Fortune 500 corporation with $32 billion in assets, provides incredibly low rates. For over three decades, the biggest funeral home and cemetery consolidator has trusted Assurant, Inc. (NYSE:AIZ) as a partner.
02. Service Corporation International (NYSE:SCI)
Market Capitalization as of November 30, 2022: $10.85 billion
Service Corporation International (NYSE:SCI) was incorporated in 1962 and is based in Houston, Texas. Service Corporation International (NYSE:SCI) provides death care products and services in the United States and Canada. Service Corporation International (NYSE:SCI) operates through Funeral and Cemetery segments.
01. Walmart Inc. (NYSE:WMT)
Market Capitalization as of November 30, 2022: $416.66 billion
Topping our list of the 5 biggest funeral companies in the US is Walmart Inc. (NYSE:WMT). Walmart Inc. (NYSE:WMT) was founded in 1945 and is based in Bentonville, Arkansas.
Readers might wonder why we have listed Walmart in this list. Let us explain.
The average funeral expense in the US is $7,848, according to the National Funeral Directors Association. And the casket is the single most expensive item in any funeral, averaging at $2,200. Consumers can buy affordable caskets at Walmart Inc. (NYSE:WMT). Caskets became a part of Walmart’s ever-expanding inventory in 2009.
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