Insurance companies make a big splash in latest Fortune 500 list

Insurance companies make a big splash in latest Fortune 500 list | Insurance Business America

Insurance companies make a big splash in latest Fortune 500 list
So no surprises there then as Warren Buffett’s  runaway Juggernaut of a company tops the Property and Casualty insurance table and ranks at number 4 overall in the country, edged out only by Walmart, Exxon and Apple, in that order. What might be an eye-opener for some, however is the sheer scale of Berkshire Hathaway’s lead over its competitors. Second on the P&C (stock) insurers is AIG, itself a colossus but nearly a quarter the size of Omaha’s finest.
 
 
  Company name Revenues (M) overall rank
1 Berkshire Hathaway 210,821 4
2 AIG 58,327 49
3 Liberty Mutual 39,450 73
4 Allstate 35,653 81
5 Travelers Cos 26,800 105
6 USAA 24,361 114
7 Progressive 20,854 137
8 Hartford 18,377 152
9 Loews 13,415 210
10 Assurant 10,326 275
11 Fidelity National 9,132 311
12 American Family 8,286 332
13 W.R. Berkley 7,207 368
14 Erie 6,351 411
15 American Financial Group 6,145 421
16 Old Republic 5,766 442
17 Markel 5,370 476
18 First American Financial 5,176 497
19 First Cincinnati Financial 5,142 499
20 Hanover 5,034 506
21 Alleghany 5,000 509
22 AmTrust 4,664 531
23 FM Global 4,343 561
24 Mercury General 3,009 728
25 National General 2,511 838
26 Kemper 2,341 878
27 Selective 2,132 936
 
 
Including the P&C insurers that are mutual garners us another seven on the list. State Farm boast the largest revenues and is only topped by Berkshire Hathaway overall
 
  Company name Revenues (M) overall rank
1 State Farm 75,697 35
2 Nationwide 40,222 69
3 Farmers 12,626 227
4 Auto-owners 6,517 398
5 Country Financial 3,506 646
6 Sentry 2,883 755
7 Amica Mutual 2,231 910
 
 
Of the whole P&C group, only one company also made it onto Fortune’s fastest growing 100 list – AmTrust Financial  headed by Barry D. Zyskind  made it on at #27 with revenues increasing 14.2% and profit showing a healthy 12.7% increase.
 
And who did better than last year? Nearly everyone on the P&C (stock) list
 
Improved from last year    
1 Liberty Mutual 39,450 73
2 Allstate 35,653 81
3 Travelers Cos 26,800 105
4 USAA 24,361 114
5 Progressive 20,854 137
6 Hartford 18,377 152
7 Loews 13,415 210
8 Assurant 10,326 275
9 Fidelity National 9,132 311
10 American Family 8,286 332
11 W.R. Berkley 7,207 368
12 Erie 6,351 411
13 American Financial Group 6,145 421
14 Old Republic 5,766 442
15 Markel 5,370 476
16 First American Financial 5,176 497
17 First Cincinnati Financial 5,142 499
18 Hanover 5,034 506
19 AmTrust 4,664 531
20 FM Global 4,343 561
21 Mercury General 3,009 728
22 Kemper 2,341 878
23 Selective 2,132 836