In 2021, the most profitable mutual property and casualty insurance company in the United States was Nationwide. In that year, the profits of Nationwide amounted to approximately 1.6 billion U.S. dollars. Auto-Owners Insurance followed behind with 1.3 billion U.S. dollars in the same year.
Profit of leading mutual property and casualty insurance companies in the United States in 2020 and 2021
(in million U.S. dollars)
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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Fortune. (May 20, 2022). Profit of leading mutual property and casualty insurance companies in the United States in 2020 and 2021 (in million U.S. dollars) [Graph]. In Statista. Retrieved December 09, 2024, from https://www.statista.com/statistics/185712/leading-us-property-casualty-mutual-insurance-companies-by-profit/
Fortune. "Profit of leading mutual property and casualty insurance companies in the United States in 2020 and 2021 (in million U.S. dollars)." Chart. May 20, 2022. Statista. Accessed December 09, 2024. https://www.statista.com/statistics/185712/leading-us-property-casualty-mutual-insurance-companies-by-profit/
Fortune. (2022). Profit of leading mutual property and casualty insurance companies in the United States in 2020 and 2021 (in million U.S. dollars). Statista. Statista Inc.. Accessed: December 09, 2024. https://www.statista.com/statistics/185712/leading-us-property-casualty-mutual-insurance-companies-by-profit/
Fortune. "Profit of Leading Mutual Property and Casualty Insurance Companies in The United States in 2020 and 2021 (in Million U.S. Dollars)." Statista, Statista Inc., 20 May 2022, https://www.statista.com/statistics/185712/leading-us-property-casualty-mutual-insurance-companies-by-profit/
Fortune, Profit of leading mutual property and casualty insurance companies in the United States in 2020 and 2021 (in million U.S. dollars) Statista, https://www.statista.com/statistics/185712/leading-us-property-casualty-mutual-insurance-companies-by-profit/ (last visited December 09, 2024)
Profit of leading mutual property and casualty insurance companies in the United States in 2020 and 2021 (in million U.S. dollars) [Graph], Fortune, May 20, 2022. [Online]. Available: https://www.statista.com/statistics/185712/leading-us-property-casualty-mutual-insurance-companies-by-profit/