The Biggest Insurance Companies in America by Assets: Insurance in the US refers to the market for risk in the country. The first insurance company in the US underwrote fire insurance, and was formed in Charleston, South Carolina, in 1735.

Many associations, government agencies and companies serve the insurance industry in the US. Here is a brief overview of the top 10 richest insurance companies in the US by assets.

10) Massachusetts Mutual Life Insurance – $195,380 million

This American mutual life insurance company has 1,800 offices and 13 million clients worldwide. The company has paid dividends to eligible participating policyholders every year since the 1960s.

9) State Farm Insurance – $196,543 Million

Headquartered in Bloomington, IL, State Farm is a group of insurance and financial services companies in the US. The group’s main business is State Farm Mutual Automobile Insurance Company.

8) Lincoln National Corporation – $202,905.50 Million

Lincoln National Corporation is an American holding company which operates multiple insurance and investment management businesses through subsidiary companies. It is a Fortune 250 company. Headquartered in Radnor, Pennsylvania, this company divides its operations into four business segments: annuities, life insurance, retirement plan services and group protection. The company is the owner of U.S. Patent 7,089,201.

7) New York Life Insurance Company – $213,280.20 Million

This Fortune 500 company is the largest mutual-life insurance company in the US. The company has license to do business in all 50 states and the District of Columbia. It also has operations in Mexico.

6) Hartford Financial Services – $304,064 Million

Popularly known as the Hartford, this investment and insurance company is headquartered in Hartford, CT. This Fortune 500 company’s product offerings include auto and homeowners’ insurance, business insurance, employee benefits and mutual funds.