Largest U.S. life insurance companies 2025, by market cap

UnitedHealth was the largest life insurance provider in the United States as of February 2025, with a market capitalization amounting to 426 billion U.S. dollars. 

Rankings of life insurance companies – additional information

As well as UnitedHealth, other leading life insurance companies in terms of market capitalization in the United States, as of February 2025, were: Progressive, Marsh & McLennan companies or Elevance Health. However, many of the largest life insurance providers in the United States are not publicly listed companies, meaning they are excluded from this list. When taking total assets into consideration, Prudential Financial, followed by MetLife, New York Life, and Massachusetts Mutual proved to be the largest life insurance companies in the United States in 2023. 

The market capitalization measure, being the total value of the company (the total value of all outstanding shares), is frequently taken into account when composing rankings of business leaders. However, when comparing various life insurance companies, it might also prove useful to examine their revenues, net life insurance premiums, direct life insurance premiums or life insurance in force, in addition to the aforementioned market capitalization and total assets.