Group of 20 insurers make Fortune 500 list

Berkshire Hathaway was this year’s biggest insurer in second place overall

Group of 20 insurers make Fortune 500 list

Insurance News

By Allie Sanchez

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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