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 $890 billion in profits in the past year, according to the Fortune 500 website.
Browse and compare specialty product listings from Berkshire Hathaway Specialty Insurance Australia here
Walmart topped this year’s list, recording almost half a trillion in revenues for the year.
The insurance companies that made the list this year are:
| Rank |
Insurer |
Revenues ($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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