Leading property and casualty insurance companies in the U.S. 2018, by revenue

In 2018, State Farm Insurance. was the leading mutual property and casualty insurance company in the United States with revenues amounting to approximately 82 billion U.S. dollars. Nationwide was the second largest with 43 billion U.S. dollars in that year.

Property and casualty market in the U.S.

The property, casualty and direct insurance market in the United States has been growing steadily over the past decade. However, the number of people employed in this sector has varied considerably over the same period. In 2014, approximately 595 thousand people worked in the sector, which then grew to 644 thousand two years later and has since fallen again to 622 thousand as of 2018.

State Farm Insurance

State Farm Mutual Automobile Insurance offer a wide variety of insurance products, including auto insurance, life insurance, homeowners insurance and health insurance. The company is headquartered in Bloomington, Illinois, and held almost ten percent of the total market share in 2018.

Leading mutual property/casualty insurance companies in the United States in 2018, by revenue

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Source

Release date

2019

Region

United States

Survey time period

2018

Supplementary notes

The source adds the following information ":Included in the survey are companies that are incorporated in the U.S. and operate in the U.S. and file financial statements with a government agency. This includes private companies and cooperatives that file a 10-K or a comparable financial statement with a government agency, and mutual insurance companies that file with state regulators. It also includes companies that file with a government agency but are owned by private companies, domestic or foreign, that do not file such financial statements. Excluded are private companies not filing with a government agency; companies incorporated outside the U.S.; and U.S. companies consolidated by other companies, domestic or foreign, that file with a government agency."
Revenues for insurance companies include premium and annuity income, investment income, and capital gains or losses, but exclude deposits.

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Statistics on "Property and casualty insurance in the United States"

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