Twenty insurers revealed on Fortune 500 list

They are some of the biggest insurance companies in the world – but who comes out on top?

Twenty insurers revealed on Fortune 500 list

Insurance News

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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.

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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