Statistics on the Insurance Industry Provided by Insurance Companies

 Statistics on the Insurance Industry Provided by Insurance Companies

We've all heard of them: American insurance companies have memorable catchphrases and even more memorable mascots, ranging from Progressive to Allstate.
Of course, if they weren't successful, they wouldn't have such convincing commercials.
Here are the details:


Berkshire Hathaway is the world's largest insurance company, valued at $714 billion.


Berkshire Hathaway is a publicly traded non-health insurance company based in the United States that earns far more than its competitors.
United Healthcare ($448 billion), Ping An Insurance ($141 billion), CVS ($136 billion), and AIA Group ($123 billion) round out the top five largest corporations.


In 2019, GEICO Corp., a subsidiary of Berkshire Hathaway, spent $2.16 billion on advertising. 

 That is more than any other insurance company, though there are other significant spenders. Progressive, for example, spent $1.95 billion, State Farm $1.17 billion, and Allstate $929.9 million.