The insurance industry in the United States plays a significant role in the nation's economy and risk management.

However, financial institutions, banks, and insurance companies compete fiercely with them both locally and internationally.

In this article, we have compiled a list of the top ten insurance companies in the United States for the year 2022.

In 2022, State Farm Group ranks as the number one insurance company in the United States. In addition, it is the largest property insurance company in 2022.

With its corporate headquarters in Bloomington, Illinois, State Farm is one of the largest insurance companies in the United States. NAIC released a new report on this issue.

Among the top two insurance companies in 2022, Berkshire Hathaway ranks second to Progressive Group Insurance Company.

In contrast, Geico Insurance ranked first and second in the 2021-2022 rankings for auto insurance companies.

NO 1:- State Farm

This is the best and top insurance company in the US in 2022. $65.7 billion in direct premiums written. The market share is 9.27%.

NO 2:- Berkshire Hathaway

The company is the 2nd best insurance company in the United States in 2022. A total of $46.2 billion in direct premiums were written, with a market share of 6.52%.

NO 3:- Progressive Group Insurance Company

There were $39.3 billion in direct premiums written. Share of the market: 5.55%.

NO 4:- Liberty Mutual

Indirect Premiums Written: $35.6 billion Market Share: 5.04%.

NO 5:- Allstate

The amount of direct premiums written is $35 billion, and the market share is 4.94%.

NO 6:- Travelers Group

This company is the best in the USA for car and travel insurance in 2022. $28 billion in direct written premiums. Share of the market: 3.95%.

NO 7:- USAA Insurance Company

The direct written premiums were $23.4 billion. Share of the market: 3.31%.

NO 8:- Chubb

The direct written premiums totaled $23.3 billion. Share of the market: 3.30%.

NO 9:- Farmers Insurance

The company is also ranked among the top 10 insurance companies in the USA in 2022. The direct written premiums amount to $20.5 billion. Share of the market: 2.93%.

NO 10:- Nationwide Insurance Company USA.

The amount of direct written premiums is $18.5 billion. The market share is 2.58%.