Insurance industry in the U.S. - statistics & facts

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. as of 2020 reached over one trillion U.S. dollars. MetLife is one of the largest global insurers and is headquartered in New York. In 2020, their total revenue from U.S. business operations amounted to almost 30 billion U.S. dollars at the time.

Leading insurers

Being the largest insurance market in the world, the U.S. is also home to many of the world’s leading insurance companies. As of 2021, the United States insurance industry was led by Prudential Financial, Berskshire Hathaway, and MetLife in terms of total assets held by each company. Prudential Financial provides investment management and other financial products along with insurance services, while Berkshire Hathaway is a holding company with subsidiary companies that engage in freight rail transportation, energy generation and distribution, manufacturing, and retailing in addition to insurance.

Life & health insurance

Health insurance is an ever-present topic in the United States, especially since the introduction of Obamacare in 2010 which expanded coverage to previously uninsured Americans. There are a number of forms of health insurance that exist in the United States. The main forms include varieties of private and public coverage. In 2020, UnitedHealth Group Inc was the largest health insurance company by direct premiums written, with an almost 15 percent market share. As of February 2022, the largest life insurance company in the U.S. was MetLife, with nearly 60 billion U.S. dollars in market capitalization.

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