Overview
The latest rankings for the TOP 75 public insurance companies in the US and Canada for 2026 show growth and strategic developments in the insurance industry. Beinsure Media has analyzed AM Best’s data to understand how these companies achieved their results and the changes they went through.
The TOP 10 US and Canada insurers have demonstrated solid growth driven by strategic investments, market expansion, and technological advancements.
US & Canada Insurance companies: Total Assets Results
- Berkshire Hathaway Inc. achieved the highest total assets, reaching $1,153,881,000, which represents a 7.8% increase. The company remains the largest in the industry by a significant margin.
- Prudential Financial, Inc. secured the second position with total assets of $735,587,000, posting a 2% growth over the previous year. Prudential maintains its strong position among the leading financial and insurance groups.
- Manulife Financial Corporation recorded total assets of $680,513,426, an 11.8% increase, ranking third. The Canadian-based company demonstrated solid asset growth.
- MetLife, Inc. reported total assets of $677,457,000, which is a 1.5% decline. Despite this slight decrease, MetLife retained its place in the top five.
- Great-West Lifeco Inc. finished fifth with $557,695,804 in total assets, achieving a 12.5% increase over the prior year. The company showed notable improvement in its asset base.
- Lincoln National Corporation came sixth with assets of $390,831,000, which is a 4.9% increase. Lincoln continues to strengthen its position in the market.
- Corebridge Financial, Inc. ranked seventh, reporting $389,397,000 in total assets, up 2.7% from the previous year. The company remains one of the largest players in the sector.
- Athene Holding Ltd. posted total assets of $363,343,000, with a 20.9% growth, the largest percentage increase among the top ten. This performance moved Athene firmly into the eighth spot.
- Jackson Financial Inc. held the ninth position with total assets of $338,450,000, which reflects a 2.5% increase compared to the previous year.
- Principal Financial Group, Inc. completed the top ten, reporting $313,663,600 in total assets, marking a 2.8% growth.
TOP 75 US and Canada Insurers by Assets
| Rank | Insurance Company | Total Assets ($’000) | % Change |
| 1 | Berkshire Hathaway Inc. | 1,153,881,000 | 7.8 |
| 2 | Prudential Financial, Inc. | 735,587,000 | 2.0 |
| 3 | Manulife Financial Corporation | 680,513,426 | 11.8 |
| 4 | MetLife, Inc. | 677,457,000 | -1.5 |
| 5 | Great-West Lifeco Inc. | 557,695,804 | 12.5 |
| 6 | Lincoln National Corporation | 390,831,000 | 4.9 |
| 7 | Corebridge Financial, Inc. | 389,397,000 | 2.7 |
| 8 | Athene Holding Ltd. | 363,343,000 | 20.9 |
| 9 | Jackson Financial Inc. | 338,450,000 | 2.5 |
| 10 | Principal Financial Group, Inc. | 313,663,600 | 2.8 |
| 11 | UnitedHealth Group Incorporated | 298,278,000 | 9.0 |
| 12 | Equitable Holdings, Inc. | 295,866,000 | 6.9 |
| 13 | Sun Life Financial Inc. | 257,740,068 | 11.2 |
| 14 | Brighthouse Financial, Inc. | 238,537,000 | 0.9 |
| 15 | Ameriprise Financial, Inc. | 181,403,000 | 3.5 |
| 16 | Voya Financial Inc. | 163,889,000 | 4.3 |
| 17 | American International Group, Inc. | 161,322,000 | -70.1 |
| 18 | The Cigna Group | 155,881,000 | 2.0 |
| 19 | The Travelers Companies, Inc. | 133,189,000 | 5.7 |
| 20 | Reinsurance Group of America, Inc. | 118,675,000 | 21.6 |
| 21 | Aflac Incorporated | 117,566,000 | -7.2 |
| 22 | Elevance Health, Inc. | 116,889,000 | 7.3 |
| 23 | The Allstate Corporation | 111,617,000 | 8.0 |
| 24 | Progressive Corporation | 105,745,000 | 19.2 |
| 25 | Fairfax Financial Holdings Limited | 96,777,300 | 5.2 |
| 26 | Fidelity National Financial, Inc. | 95,372,000 | 18.3 |
| 27 | Genworth Financial, Inc. | 86,871,000 | -4.3 |
| 28 | F&G Annuities & Life, Inc. | 85,040,000 | 21.1 |
| 29 | Centene Corporation | 82,445,000 | -2.6 |
| 30 | Loews Corporation | 81,943,000 | 3.5 |
| 31 | The Hartford Insurance Group, Inc. | 80,917,000 | 5.4 |
| 32 | Unum Group | 61,959,300 | -2.0 |
| 33 | Markel Group Inc. | 61,897,982 | 12.4 |
| 34 | Humana Inc. | 46,479,000 | -1.2 |
| 35 | Intact Financial Corporation | 41,384,856 | 6.3 |
| 36 | W. R. Berkley Corporation | 40,567,268 | 9.0 |
| 37 | CNO Financial Group, Inc. | 37,852,600 | 8.1 |
| 38 | Cincinnati Financial Corporation | 36,501,000 | 11.4 |
| 39 | Assurant, Inc. | 35,020,600 | 4.1 |
| 40 | American Financial Group, Inc. | 30,836,000 | 3.5 |
| 41 | Globe Life Inc | 29,076,181 | 3.7 |
| 42 | Old Republic International Corporation | 27,843,100 | 5.1 |
| 43 | OneMain Holdings, Inc. | 25,910,000 | 6.7 |
| 44 | Molina Healthcare, Inc. | 15,630,000 | 5.0 |
| 45 | The Hanover Insurance Group, Inc. | 15,274,500 | 4.5 |
| 46 | First American Financial Corporation | 14,908,600 | -11.3 |
| 47 | Primerica, Inc. | 14,582,022 | -3.0 |
| 48 | Horace Mann Educators Corporation | 14,487,800 | 3.1 |
| 49 | Empire Life Insurance Company | 13,673,022 | 5.4 |
| 50 | Selective Insurance Group, Inc. | 13,514,189 | 14.5 |
| 51 | Kemper Corporation | 12,630,400 | -0.9 |
| 52 | Selective Insurance Group | 12,357,987 | 13.4 |
| 53 | Radian Group Inc. | 8,663,988 | 14.1 |
| 54 | Mercury General Corporation | 8,310,632 | 17.0 |
| 55 | Ambac Financial Group, Inc. | 8,058,378 | -4.4 |
| 56 | MGIC Investment Corporation | 6,547,235 | 0.1 |
| 57 | Enact Holdings, Inc. | 6,521,531 | 5.3 |
| 58 | Tiptree Inc. | 5,694,789 | 10.8 |
| 59 | RLI Corp. | 5,628,802 | 8.7 |
| 60 | ProAssurance Corporation | 5,574,273 | -1.0 |
| 61 | Definity Financial Corporation | 5,348,690 | 6.0 |
| 62 | Kansas City Life Insurance Company | 5,018,960 | -0.7 |
| 63 | Kinsale Capital Group, Inc. | 4,886,704 | 29.5 |
| 64 | Oscar Health, Inc. | 4,840,496 | 34.4 |
| 65 | Skyward Specialty Insurance Group, Inc. | 3,729,478 | 26.3 |
| 66 | Employers Holdings, Inc. | 3,541,300 | -0.3 |
| 67 | United Fire Group, Inc. | 3,488,469 | 10.9 |
| 68 | NMI Holdings, Inc. | 3,349,973 | 13.9 |
| 69 | Kansas City Life Insurance Company | 3,262,328 | 0.4 |
| 70 | Trisura Group Ltd. | 3,192,468 | 28.1 |
| 71 | Primerica Group | 3,046,673 | 4.9 |
| 72 | Universal Insurance Holdings, Inc. | 2,841,861 | 22.7 |
| 73 | Heritage Insurance Holdings, Inc. | 2,468,924 | 16.5 |
| 74 | Donegal Group Inc. | 2,336,032 | 3.1 |
| 75 | Safety Insurance Group, Inc. | 2,270,090 | 8.4 |
Percent changes are derived from original reporting currency
For Canadian companies adopting accounting standard IFRS 17 (Insurance Contracts). Total revenue is defined as total insurance revenue plus insurance finance result, less total net expenses from global reinsurance market.
US & Canada Insurance companies: Revenue Results
- UnitedHealth Group Incorporated achieved the highest revenue in 2025, reaching $400,278,000, which represents a 7.7% increase ($371,622,000). The company maintained its dominant position as the largest healthcare and insurance organization in terms of revenue, reflecting strong demand for its health services and insurance products.
- The Cigna Group reported $244,384,000 in revenue, rising 25.2% from the prior year ($195,187,000). This substantial growth allowed Cigna to consolidate its second-place ranking and underscores its expanding footprint in health insurance and related services.
- Elevance Health, Inc. recorded revenue of $176,810,000, marking a 3.2% increase ($171,340,000). The modest growth kept Elevance in third place, demonstrating stable performance in a competitive healthcare market.
- Centene Corporation posted $164,855,000 in revenue, up 6.1% from $155,392,000 the year before. Centene continues to grow steadily as a leading provider of managed healthcare services, particularly in government-sponsored programs.
- Humana Inc. reported revenue of $117,761,000, which reflects a 10.7% increase compared to $106,374,000. Humana strengthened its presence in the Medicare Advantage space and saw strong membership growth.
- Berkshire Hathaway Inc. generated $97,484,000 in revenue, increasing 6.2% from $91,819,000. This diversified holding company benefited from solid performance in its insurance operations, investment income, and other businesses.
- Progressive Corporation achieved $71,830,000 in revenue, growing 20.7% over last year’s $59,515,000. Progressive’s strong expansion highlights its effective pricing strategy and increased market share in auto and home insurance.
- Prudential Financial, Inc. delivered revenue of $68,240,000, which is a remarkable 36.0% jump compared to $50,194,000 in 2023. This growth reflects improved investment results and higher demand for its life insurance and retirement solutions.
- The Allstate Corporation reported $61,167,000 in revenue, representing an 11.4% increase from the previous year’s $54,912,000. Allstate showed strong growth through rate adjustments and customer retention in its personal property and casualty insurance segments.
- MetLife, Inc. posted revenue of $49,919,000, up 1% from $49,435,000. Although its growth was modest compared to peers, MetLife maintained its place in the top ten due to its broad portfolio and international presence.
TOP 75 US and Canada Insurers by Revenue
| Rank | Insurance Company | Total Revenue ($’000) | % Change |
| 1 | UnitedHealth Group Incorporated | 400,278,000 | 7.7 |
| 2 | The Cigna Group | 244,384,000 | 25.2 |
| 3 | Elevance Health, Inc. | 176,810,000 | 3.2 |
| 4 | Centene Corporation | 164,855,000 | 6.1 |
| 5 | Humana Inc. | 117,761,000 | 10.7 |
| 6 | Berkshire Hathaway Inc. | 97,484,000 | 6.2 |
| 7 | Progressive Corporation | 71,830,000 | 20.7 |
| 8 | Prudential Financial, Inc. | 68,240,000 | 36.0 |
| 9 | The Allstate Corporation | 61,167,000 | 11.4 |
| 10 | MetLife, Inc. | 49,919,000 | 1.0 |
| 11 | The Travelers Companies, Inc. | 42,863,000 | 11.2 |
| 12 | Molina Healthcare, Inc. | 40,565,000 | 19.3 |
| 13 | Fairfax Financial Holdings Limited | 30,596,200 | 12.7 |
| 14 | The Hartford Insurance Group, Inc. | 23,940,000 | 7.2 |
| 15 | American International Group, Inc. | 23,537,000 | -7.9 |
| 16 | Reinsurance Group of America, Inc. | 22,107,000 | 19.1 |
| 17 | Athene Holding Ltd. | 20,640,000 | -25.6 |
| 18 | Manulife Financial Corporation | 20,401,123 | 2.7 |
| 19 | Aflac Incorporated | 18,827,000 | 1.6 |
| 20 | Intact Financial Corporation | 18,362,679 | -5.0 |
| 21 | Corebridge Financial, Inc. | 18,352,000 | -0.6 |
| 22 | Lincoln National Corporation | 18,173,000 | 13.9 |
| 23 | Loews Corporation | 17,510,000 | 84.1 |
| 24 | Sun Life Financial Inc. | 17,141,837 | -1.0 |
| 25 | Principal Financial Group, Inc. | 16,127,700 | 18.0 |
| 26 | Great-West Lifeco Inc. | 15,374,537 | -0.1 |
| 27 | Ameriprise Financial, Inc. | 13,762,000 | 11.2 |
| 28 | Equitable Holdings, Inc. | 13,683,000 | 14.9 |
| 29 | Unum Group | 12,887,300 | 4.0 |
| 30 | W. R. Berkley Corporation | 11,657,420 | 10.9 |
| 31 | Assurant, Inc. | 11,434,400 | 6.8 |
| 32 | Jackson Financial Inc. | 11,080,000 | 9.4 |
| 33 | Fidelity National Financial, Inc. | 10,474,000 | 12.5 |
| 34 | Oscar Health, Inc. | 9,177,941 | 56.5 |
| 35 | Cincinnati Financial Corporation | 8,906,000 | 10.0 |
| 36 | Markel Group Inc. | 8,432,412 | 1.7 |
| 37 | Brighthouse Financial, Inc. | 7,813,000 | 3.6 |
| 38 | Voya Financial Inc. | 7,627,000 | 8.6 |
| 39 | Old Republic International Corporation | 7,374,100 | 9.0 |
| 40 | American Financial Group, Inc. | 7,036,000 | 7.7 |
| 41 | The Hanover Insurance Group, Inc. | 5,940,600 | 4.3 |
| 42 | Globe Life Inc | 5,777,715 | 6.1 |
| 43 | F&G Annuities & Life, Inc. | 5,663,000 | 25.8 |
| 44 | Mercury General Corporation | 5,106,973 | 18.9 |
| 45 | First American Financial Corporation | 5,007,900 | 6.5 |
| 46 | CNO Financial Group, Inc. | 4,449,500 | 7.3 |
| 47 | Selective Insurance Group, Inc. | 4,376,447 | 14.3 |
| 48 | Kemper Corporation | 4,215,900 | -6.9 |
| 49 | Genworth Financial, Inc. | 4,122,000 | -3.7 |
| 50 | Primerica, Inc. | 3,089,143 | 12.4 |
| 51 | Definity Financial Corporation | 3,068,928 | 1.8 |
| 52 | Stewart Information Services Corporation | 2,490,419 | 27.8 |
| 53 | Trisura Group Ltd. | 2,047,688 | 14.8 |
| 54 | Tiptree Inc. | 2,042,854 | 32.8 |
| 55 | Kinsale Capital Group, Inc. | 1,587,525 | 44.4 |
| 56 | Horace Mann Educators Corporation | 1,530,400 | 6.1 |
| 57 | RLI Corp. | 1,526,406 | 17.9 |
| 58 | Universal Insurance Holdings, Inc. | 1,452,767 | 9.0 |
| 59 | Primerica Group | 1,406,275 | 8.2 |
| 60 | Clover Health Investments, Corp. | 1,367,648 | 9.5 |
| 61 | United Fire Group, Inc. | 1,176,750 | 13.7 |
| 62 | Empire Life Insurance Company | 1,162,351 | 11.0 |
| 63 | Skyward Specialty Insurance Group, Inc. | 1,150,367 | 37.7 |
| 64 | Root, Inc. | 1,136,900 | 168.6 |
| 65 | Hagerty, Inc. | 1,090,451 | 20.3 |
| 66 | Safety Insurance Group, Inc. | 1,018,646 | 21.1 |
| 67 | Radian Group Inc. | 1,001,553 | 3.7 |
| 68 | Enact Holdings, Inc. | 984,017 | 2.5 |
| 69 | ProAssurance Corporation | 981,760 | -0.6 |
| 70 | MGIC Investment Corporation | 970,807 | 1.9 |
| 71 | Donegal Group Inc. | 939,392 | 6.4 |
| 72 | NeueHealth, Inc. | 936,657 | -19.3 |
| 73 | Heritage Insurance Holdings, Inc. | 816,985 | 11.1 |
| 74 | Employers Holdings, Inc. | 749,500 | 3.8 |
| 75 | United Fire & Casualty Company | 715,232 | 13.6 |
Percent changes are derived from original reporting currency
Overall, the sector is evolving with a focus on innovation, customer-centric services, and value-based care models driving growth and resilience.
FAQ
What factors contributed to the growth of the top US and Canada insurers in 2026?
The top insurers have shown growth through strategic investments, market expansion, and technological advancements. Many companies focused on expanding their product offerings, improving operational efficiency, and increasing digital capabilities to adapt to evolving market demands.
How did Berkshire Hathaway maintain its leading position in the industry?
Berkshire Hathaway sustained its lead with a significant asset base exceeding $1 trillion. Its diversified portfolio and strategic investments, particularly through subsidiaries like GEICO and General Re, enabled substantial growth in market presence and re/insurance underwriting capabilities.
Which companies demonstrated the most significant revenue growth among US and Canada insurers?
Companies like Berkshire Hathaway, UnitedHealth Group, and Progressive Corp showed notable revenue growth. Their strategic expansions, technology adoption, and strong market presence contributed to increased revenues, despite market challenges.
What were the major changes for Prudential Financial in 2025?
Prudential Financial recorded a 4.7% growth in total assets, supported by its investment and retirement solutions segments. However, its revenue declined slightly by 3.7%, reflecting the market volatility and challenges in investment returns.
What strategies are insurers adopting to remain competitive in the evolving market?
Insurers are increasingly focusing on innovation, digital transformation, and customer-centric approaches. Strategies include expanding value-based care models, enhancing digital platforms, and investing in technology to streamline operations and improve the customer experience.
……………..
Edited & Fact-checked by Oleg Parashchak – CEO Finance Media & Editor-in-Chief at Beinsure Media and Insurance TOP Ratings (25+ years of professional experience in Rankings, Insurance & Media) by AM Best Data.
