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 $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 $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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