IncFact
Company Profiles: Revenue, Growth, Competition

Insurance Carriers Industry

NAICS: 5241

Contents

.Insurance Carriers Market Share: Largest Companies in the Insurance Carriers Industry

Company HeadquartersRevenue ($ MM)
CENTRUM VALLEY HOLDINGSClarion, IA100 
ELEVANCE HEALTHIndianapolis, IN44 
SECURIAN LIFE INSURANCESaint Paul, MN33 
ATH HOLDINGIndianapolis, IN31 
HUMANA (NYSE: HUM)Louisville, KY30 
STATE FARM MUTUAL AUTOMOBILE INSURANCEBloomington, IL26 
AMALGAMATED LIFE INSURANCE COMPANY EMPLOYEE BENEFIT FUNDWhite Plains, NY25 
PRUDENTIAL INSURANCE (NYSE: PJH)Newark, NJ24 
AMERICAN INTERNATIONAL GROUPNew York, NY13 
POWERTRAIN ROCKFORDLoves Park, IL11 
TRAVELERS COMPANIES (NYSE: TRV)St. Paul, MN11 
ALLSTATE INSURANCENorthbrook, IL11 
NATIONWIDE MUTUAL INSURANCEColumbus, OH10 
HIGHMARK HEALTHPittsburgh, PA6 
METLIFE GROUPBridgewater, NJ6 
COREBRIDGE FINANCIALHouston, TX6 
AFLAC (NYSE: AFSD)Columbus, GA5 
MASSACHUSETTS MUTUAL LIFE INSURANCESpringfield, MA5 
PRINCIPAL FINANCIAL GROUP (NYSE: PFG)Des Moines, IA5 


See exact company revenues in this list


This is a list of the largest companies active in the Insurance Carriers industry. This differs from market share in the following example: One business with revenues of $100 million generates 10% of its business from the Insurance Carriers industry. A second firm, with revenues of $20 million, generates all of its business from this industry. In our list, we show the businesses having revenues of $100 million and $20 million, respectively. However, the market share would compare the $10 million in industry-specific revenue to the $20 million: the second company has twice the market share even though it is "smaller" in size.


.Growth: Fastest Growing Insurance Carriers Companies

A list of competitors in the Insurance Carriers industry that are rapidly expanding. Businesses may grow organically or through acquisition. Typically, small or midsized companies are in "growth" mode and can expand more rapidly. However, large businesses may have the strategy and financial capabilities to scale rapidly. Businesses that employ a "roll-up" strategy make multiple acquisitions of smaller businesses to form a single large corporation that controls a greater market share than its competitors and benefits from economies of scale.

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.Small Business Financing

Small businesses that have received financing may expand soon. Financing may be required for capital-intensive investments, such as real estate or equipment purchases. Insurance Carriers businesses may use the financing to cover startup expenses or the costs of hiring new employees. Loans differ from equity investments in the level of risk that is expected: loans frequently have collateral either directly or implicitly through the business or the owners that ensure repayment. Equity investment has the possibility for much greater returns, but offers no guarantee the principle will be repaid. Convertible securities combine the two concepts, but is used by private-equity firms rather than main street startups.

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. Venture Funding

These Insurance Carriers companies are actively raising capital from venture capital firms, private equity, or other investors. Businesses with venture funding generally have higher growth prospects, either through bringing new concepts to market, using innovative business practices, or savvy management.

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