In this article we are going to list the 5 Largest Insurance Companies in the US by Assets. For a detailed coverage of this topic and a more comprehensive look, please head on over to the 25 Largest Insurance Companies in the US by Assets.
5. American International Group Inc (NYSE:AIG)
Total assets of the company in 2021 (in millions of dollars): 586,481
Total revenue of the company in 2021: (in millions of dollars): 43,736
Founded 101 years ago in December 1919, American International Group Inc (NYSE:AIG) currently has operations in at least 80 countries companies and has close to 50,000 employees as well. As one of the largest companies in the US, American International Group Inc (NYSE:AIG) was one of the companies bailed out by the Federal Reserves during the 2008 financial crisis.
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4. Teachers Insurance and Annuity Association of America
Total assets of the company in 2021 (in millions of dollars): 654,252
Total revenue of the company in 2021: (in millions of dollars): 41,619
Teachers Insurance and Annuity Association of America (TIAA) serves more than 5 million active as well as retired employees and has operations in at least 50 countries, with revenues exceeding $41 billion, a year on year increase. TIAA also boasts more than 16,500 employees.
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3. MetLife Inc (NYSE:MET)
Total assets of the company in 2021 (in millions of dollars): 795,146
Total revenue of the company in 2021: (in millions of dollars): 67,842
Founded 153 years ago, MetLife Inc (NYSE:MET) is one of the most well-known company in America and especially in New York City, where it is headquartered. MetLife Inc (NYSE:MET) serves at least 90 companies which make the list of Fortune 500 companies, while also having operations in Asia Pacific, the Middle East, Japan and Europe.
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2. Berkshire Hathaway (NYSE:BRK.A)
Total assets of the company in 2021 (in millions of dollars): 873,729
Total revenue of the company in 2021: (in millions of dollars): 245,510
Berkshire Hathaway (NYSE:BRK.A) is the biggest insurance company in terms of revenue though it lags just slightly behind in terms of assets, which is our basis of ranking for this article. Berkshire Hathaway (NYSE:BRK.A) has holdings in some of the biggest companies in the world right now, and has delivered excellent returns for its investors.
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1. Prudential Financial (NYSE:PRU)
Total assets of the company in 2021 (in millions of dollars): 940,722
Total revenue of the company in 2021: (in millions of dollars): 57,033
Easily topping the list of the 25 largest insurance companies in the U.S. by assets is Prudential Financial (NYSE:PRU), which alone has nearly $1 trillion worth of assets. Prudential Financial (NYSE:PRU) was founded 146 years ago in 1875, and even though you would think $57 billion of revenues is an excellent achievement, this is actually a decline from the previous year.
See also: 10 Best Home Insurance Companies and 20 Largest Insurance Companies in the U.S.
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