Twenty insurance firms made this year’s elite Fortune 500 list, with Berkshire Hathaway emerging as the top insurer ranking second in the list. The company declared more than US$200 billion in revenues for the past year, accounting for more than a third of the total revenues of the insurers included in the list. 

Together, the insurance firms’ revenues amounted to more than US$530 billion.

The Fortune 500 list puts together companies that account for 66% of the total GDP of the United States. Collectively, they made $12 trillion in revenues, have a $19 trillion market value, employ 28 million workers globally and earned $890 billion in profits in the past year, according to the Fortune 500 website.

Browse and compare specialty product listings from Berkshire Hathaway Specialty Insurance Australia here

Walmart topped this year’s list, recording almost half a trillion in revenues for the year.

The insurance companies that made the list this year are:

 

Rank	Insurer	Revenues ($M)
2	Berkshire Hathaway	$223,604
55	AIG	$52,367
75	Liberty Mutual Insurance Group	$38,308
84	Allstate	$36,534
99	Travelers Cos.	$27,625
102	USAA	$27,131
120	Progressive	$23,441
153	Hartford Financial Services Group	$18,300
213	Loews	$13,105
293	Fidelity National Financial	$9,554
315	American Family Insurance Group	$8,829
354	WR Berkley	$7,654
361	Assurant	$7,532
411	American Financial Group	$6,498
428	Alleghany	$6,131
439	Old Republic International	$5,901
460	Markel	$5,612
464	First American Financial	$5,576
475	AmTrust Financial Services	$5,451
476	Cincinnati Financial	$5,449

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