US Insurance Providers, USA Insurance Provider, Insurance Providers US, Insurance Provider USA

Insurance is among the biggest industries in America, with a large number of US insurance providers listed in Forbes. It is mandatory for every USA insurance provider to be licensed.

Major US Insurance Providers

Some of the largest US insurance providers are as follows:

Prudential Financial: Founded in 1875, this company is listed as a Fortune 500 and Fortune Global 500 company. Apart from the US, the company has operations in 30 countries, with over $2 trillion of life insurance in force. It has hundreds of subsidiaries engaged in insurance, financial services and investment management, serving retail as well as institutional customers. Its product array includes life insurance, mutual funds, annuities, and investments in pension and retirement. The company is also engaged in securities brokerage services, real estate (residential and commercial) and administration and asset management.

MetLife: Incepted in 1868, Metlife is the largest USA insurance provider. The company went public in 2000 and is headquartered in New York, NY. About 90 companies out of the largest Fortune 100 companies are served by Metlife. The company has operations in 12 countries and had over $3.3 trillion of active life insurance till early 2009. Its product array comprises auto and home insurance, annuities, life insurance, group life insurance, long-term care insurance, disability insurance, group disability insurance, health insurance, retirement planning, mutual funds and other investments, fee-based financial planning, wealth management and banking and financial services.

State Farm Group: Founded in 1922, the group is responsible for insuring the maximum number of cars in North America. The product portfolio of the group comprises auto, homeowners, condo owners, renters, life & annuities and business insurance. The group also offers a wide spectrum mutual funds, including account types, standard accounts, small business plans and investment options. By the end of 2008, the group had over 68,000 employees and 17,000 agents, and more than 75 million policies across America and Canada. It also provides banking services through State Farm Bank®.

Allstate Insurance: This company commenced its operations in 1931. It became a publicly traded company in 1933. Its slogan is, “You’re In Good Hands With Allstate®.†Some of its 13 major insurance lines include auto, motorcycle, home, boat, renters, condominium, business and retirement. The company is also engaged in banking services through Allstate Bank. This is a Fortune 100 company and had $156.4 billion in assets and 14,900 exclusive agencies as of 2008.