Sunday, January 10, 2016

Top 50 insurance companies and best insurance companies of United States

Below are the top 50 insurance companies and best insurance companies in the United States ranked by total assets. Metlife is the largest insurance company in the US by assets and direct premiums written. The company offers a wide array of insurance products and services including life and health insurance, accident insurance, auto insurance, home insurance, annuities as well as retirement and savings products. Prudential, based in Newark, is the second largest insurance company in the US with assets of over $750 billion. With more than 48,000, employees, the company has about $3.5 trillion of gross life insurance in force.
Rank Company Total assets, US$b Balance sheet 
1 Metlife 882.46 09/30/2015
2 Prudential Financial 754.527 09/30/2015
3 Berkshire Hathaway 545.468 09/30/2015
4 American International Group (AIG) 501.985 09/30/2015
5 New York Life 294.365 09/30/2015
6 John Hancock Financial (1) 273.343 09/30/2015
7 TIAA-CREF 268.200 09/30/2015
8 Aegon USA 252.737 12/31/2014
9 Lincoln National 249.532 09/30/2015
10 Northwestern Mutual 235.833 09/30/2015
11 Hartford Financial 231.453 09/30/2015
12 Jackson National 218.900 09/30/2015
13 Voya Financial (2) 218.711 09/30/2015
14 MassMutual 217.73 09/30/2015
15 Principal Financial 215.365 09/30/2015
16 AXA Equitable Life Insurance Company 193.181 09/30/2015
17 Nationwide Mutual 192.283 09/30/2015
18 Ameriprise Financial 145.320 09/30/2015
19 State Farm 138.798 12/31/2014
20 Pacific Life 137.048 12/31/2014
21 Allianz Life Insurance Co of North America 135.200 12/31/2014
22 USAA (United Services Automobile Association) 130.253 12/31/2014
23 Liberty Mutual Holding Company 122.311 09/30/2015
24 Aflac 117.455 09/30/2015
25 Genworth Financial 108.222 09/30/2015
26 Allstate Corp 105.849 09/30/2015
27 Travelers Companies 102.110 09/30/2015
28 Loews Corp 77.532 09/30/2015
29 Thrivent Financial 76.994 12/31/2014
30 Protective Life Corp (3) 69.304 06/30/2015
31 Unum Group 61.504 09/30/2015
32 CNA Financial 54.812 09/30/2015
33 Chubb Corp 51.192 09/30/2015
34 American Financial Group 50.557 09/30/2015
35 Reinsurance Group of America (RGA) 47.606 09/30/2015
36 American Equity Investment Life 47.128 09/30/2015
37 Guardian Life Insurance Co of America 45.657 12/31/2014
38 Western & Southern Financial 42.772 12/31/2014
39 Securian Financial 39.077 12/31/2014
40 Ohio National Financial 36.080 12/31/2014
41 Symetra Financial 34.963 09/30/2015
42 Mutual of Omaha Insurance 34.481 12/31/2014
43 OneAmerica Financial Partners 32.934 09/30/2015
44 CNO Financial Group 31.011 09/30/2015
45 Assurant 30.586 09/30/2015
46 Progressive Corp 29.935 09/30/2015
47 Markel Corporation 25.182 09/30/2015
48 Fidelity & Guaranty Life 24.925 09/30/2015
49 National Life Group (NLV Financial Corp) 24.561 09/30/2015
50 Humana Inc 24.296 09/30/2015
51 Ambac Financial Group 24.267 09/30/2015
52 Alleghany Corporation 23.434 09/30/2015
53 American National Insurance Company (ANICO) 23.432 09/30/2015
54 Stancorp Financial 22.882 09/30/2015
55 W.R. Berkley Corporation 21.739 09/30/2015
1 - John Hancock is the U.S. Division of Manulife Financial, a Canada-based financial services company.
2 - Voya Financial, Inc was formerly known as ING U.S.
3 - In February 2015, Dai-ichi Life Insurance Company completed acquisition of Protective Life Corporation.

Top high rank Health Insurance Companies

The largest non-government sponsored U.S. health insurance companies measured by total direct premium collected in 2007 was:
CompanyTotal Direct PremiumMarket Share
United Healthcare (UNH)$66.8 billion11.70%
Wellpoint Group (WLP)$55.7 billion9.75%
Kaiser Permanente$43.7 billion7.66%
Humana (HUM)$21.7 billion3.81%
Aetna (AET)$21.7 billion3.81%
Health Care Service Corp$14.9 billion2.60%
American Family$11.6 billion2.04%
Highmark$11.4 billion2.01%
Blue Cross/Blue Shield$9.8 billion1.72%
Cigna (CI)$9.6 billion1.69%
(Source: NAIC. Caveat emptor: The sales data on health insurance companies is from 2007, the last year of available data. The Affordable Care Act (aka 'Obamacare') may have altered these standings.)

Top 10 Life Insurance Companies

Life Insurance Companies
Life Insurance companies promise to pay out a lump sum benefit upon the death of the insured. Although actuarial science has created mortality tables to accurately estimate the future liability of policies to be paid, having financial strength ensures that these companies can meet all of their obligations while still earning a profit.
Life Insurance companies in the U.S. can be ranked by direct premium written (the amount of new policies written directly and not re-insured). For 2013:
CompanyTotal Direct PremiumMarket Share
MetLife (MET)$11.5 billion7.98%
Northwestern Mutual$9.4 billion6.55%
Prudential of America (PRU)$8.4 billion5.79%
New York Life$7.8 billion5.42%
Lincoln National$6.1 billion4.27%
MassMutual$5.1 billion3.52%
John Hancock$4.8 billion3.37%
Aegon (AEG)$4.1 billion2.82%
State Farm$4.0 billion2.79%
Guardian Life Insurance Co.$3.4 billion2.34%
(Source: NAIC)

Top Property & Casualty Companies in US

The top U.S. property casualty companies in 2013 by net premiums written (the amount of money that non-life policies can expect to receive over the life of the contract, less commissions and costs) are:
CompanyNet Premiums Written
State Farm Group$50.8 billion
Allstate Insurance Group (ALL)$24.8 billion
Liberty Mutual$21.5 billion
Berkshire Hathaway (includes GEICO)$21.4 billion
Travelers Group (TRV)$20.6 billion
American International Group (AIG)$19.7 billion
Nationwide Group$14.5 billion
Progressive Insurance Group (PGR)$14.5 billion
Farmers Insurance Group$14.1 billion
USAA Group$10.7 billion
(Source A.M. Best)

Health Insurance and Managed Health Care Companies list

Company NameMarket Capitalization
United Healthcare (UNH)$91.8 billion
Wellpoint (WLP)$34.3 billion
Aetna (AET)$29.8 billion
CIGNA Corp. (CI)$26.8 billion
Humana (HUM)$21.1 billion
Centene Corp. (CNC)$5.7 billion
Health Net, Inc. (HNT)$3.9 billion
WellCare Health Plans (WCG)$3.1 billion
Healthspring (HS)$3.7 billion
Molina Healthcare (MOH)$2.4 billion
(Source: Thompson Reuters)

Read more: Top 10 Insurance Companies By The Metrics | 

List of Non-health Insurance Companies

List of Non-health Insurance Companies below: If you can afford health insurance but choose not to buy it, you must pay a fee called the individual shared responsibility payment. (The fee is sometimes called the "penalty," "fine," or "individual mandate.") You owe the fee for any month you, your spouse, or your tax dependents don’t have health insurance that qualifies as minimum essential coverage. See all insurance types that qualify. You pay the fee when you file your federal tax return for the year you don’t have coverage. In some cases, you may qualify for a health coverage exemption from the requirement to have insurance. If you qualify, you won’t have to pay the fee. Learn about health coverage exemptions.
Company NameMarket Capitalization
Berkshire Hathaway (BRK.A)$308 billion
China Life Insurance (LFC)$80 billion
Allianz (AZSEY)$76.8 billion
American International Group (AIG)$72.3 billion
Ping An of China (PNGAY)$65.6 billion
MetLife (MET)$59.4 billion
AXA (AXA)$57.8 billion
AIA Group Hong Kong (AAIGF)$54.4 billion
ING Groep (ING)$54.4 billion
Zurich Insurance (ZURVY)$45.4 Billion
(Source: Thompson Reuters)

Saturday, January 9, 2016

Learn how to Buy Best Car Insurance Online

It seems like every time you turn on the television, you encounter a commercial that asks whether you're paying too much for your car insurance. Chances are your insurer won't be champing at the bit to tell you the answer, so the burden is on you to find out. But with an Internet connection and a little planning, you can do it on your lunch hour. Whether you're shopping for your first policy or looking for a better rate, going online is a gateway to a world of auto insurance quotes and information about the companies that issue them. As you'll see, low cost is just one factor to consider. Let's take a look at five tips to keep in mind when you go online to buy car insurance.

Searching Online Is Just One Option:

While there is a seemingly endless number of companies issuing auto insurance policies these days, there are really just two ways to buy car insurance: You can purchase a policy in-person through an agent -- a licensed individual who sells policies on behalf of one or more insurance companies -- or you can buy directly from an insurer via Web site or telephone.

Buying car insurance online still accounts for a relatively small portion of total auto insurance sales, but it's increasing in popularity. According to a 2011 survey by the Internet marketing research company ComScore, just 20 percent of new auto insurance policies were purchased online, compared to 43 percent purchased from an agent. However, the number of online purchases represents an increase of 5 percent from just two years earlier, while the number of agent purchases represents a 6 percent decline. Additionally, a 2011 survey by J.D. Power and Associates showed that 54 percent of new auto insurance owners applied for a rate quote online, the first time this has happened for a majority of respondents [source: Insurance Information Institute].

Prepare Before You Search:

Whether you shop for car insurance online or go one of the other routes, make sure you come prepared with all of the information you need to get an accurate quote. Take stock of your car's make, model, year, vehicle identification number (VIN), the zip code of where you park the car at night and any aftermarket safety or anti-theft accessories installed on the car. Get the license numbers of every driver to be insured under the policy, as well as the date when they were first licensed, and obtain a copy of your driving record. Get an updated credit score as well -- your credit rating can affect your auto insurance premiums, since some insurers say those with poor credit scores are more likely to file claims [source: Roberts-Grey].

There are a few steps you can take to get lower insurance premiums, as well. Tally up the number of miles you drove this year versus the previous year -- a significant decrease in the mileage you drive might help you get a lower quote. Consider completing a defensive driving course online, insuring multiple vehicles (or your home) through the same insurance company or looking for a plan with a higher deductible. You might even want to eliminate certain types of insurance not required by law in your state; you could forego collision and comprehensive coverage on very old cars, for instance [source: Insurance Information Institute].

Shop Around:

You should take a look at your auto insurance policy every year to find out how much you're paying in premiums and how much coverage you're getting in return. The cost of the same policy can vary widely between companies based on factors like how much the company spends on advertising, commissions paid to the agent and the risk levels of the company's pool of insured drivers.

To start comparing quotes, try logging on to an auto insurance aggregator Web site like, or, where visitors submit information about their car and driving history in exchange for an array of quotes from different insurance companies. Typically, many of the quotes come via follow-up e-mails and phone calls from insurance agents. You can also try searching Web sites for companies like Progressive and Geico, which sell insurance directly to consumers and provide quotes immediately.

Visit Your State Insurance Department's Web Site:

Auto insurance is regulated on a state-by-state basis, and your state's insurance department usually has a bunch of relevant information to your search in the consumer information section of its Web site. Search the National Association of Insurance Commissioners State Web Map to find a link to your state insurance department [source: NAIC].

The depth of information varies, but these Web sites often include profiles of the different insurance companies licensed within the state, sample price comparisons charged by competing agencies to cover common vehicles, and consumer guides to auto insurance. Many insurance departments also provide complaint indexes, which tally the number of consumer complaints upheld against a particular company versus the number of policies they have issued. This information can be valuable in determining which company to sign with.

Don't Go By Price Alone:

ust because a company offers you a cheap quote doesn't mean you should let it insure your vehicle. Take a close look at the terms of your policy to ensure it matches your last auto insurance policy, and that you're getting an equivalent amount of coverage (or at least the minimum amount required by law in your state). Examine the terms of the agreement to make sure the company don't require the use of cheaper aftermarket materials for repairs instead of the original factory parts, which can pose safety hazards [source: Consumer Reports].

In addition to the complaint indexes maintained by state organizations, you can refer to consumer satisfaction databases on Web sites like and [source: Reed]. You should also make sure that your insurance company is financially stable before purchasing your policy. In addition to checking with your state insurance department, ratings organizations like A.M. Best and Standard and Poor's are good resources to determine a company's financial state. And look to your friends and family for recommendations, as well.