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US Health Insurance - Industry Overview

The US health insurance market in 2024 is navigating notable shifts.<br><br>From a 3% drop in total enrollment to rising premiumsu2014up 6% in the first half of the yearu2014key trends like the u201cGreat Unwindingu201d of Medicaid coverage and increased market concentration are reshaping the landscape. Here is the list of 2024's top insurers in the US.<br><br>As we look ahead, projected premium growth and the potential expiration of tax credits raise important questions about affordability and access.<br><br>How do you see these changes impacting consumers and the industry?

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US Health Insurance - Industry Overview

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  1. US INSURANCE INDUSTRY OVERVIEW 2024

  2. LARGEST INSURANCE COMPANIES IN THE US IN 2024, BY TOTAL ASSETS LARGEST INSURANCE COMPANIES IN THE US IN 2024, BY TOTAL ASSETS TOTAL ASSETS IN $BN NO COMPANIES 1 811 Berkshire Hathaway 2 721 Prudential Financial 3 687 Metlife 4 539 American International Group (AIG) 5 408 New York Life Insurance Company 6 372 Lincoln National Corporation 7 359 Northwestern Mutual 8 346 TIAA 9 312 Massachusetts 10 298.6 Nationwide 11 276 Equitable Holdings, Inc. 12 273 UnitedHealth Group Incorporated Sources: Statista

  3. LARGEST INSURANCE COMPANIES IN THE US IN 2024, BY TOTAL ASSETS LARGEST INSURANCE COMPANIES IN THE US IN 2024, BY TOTAL ASSETS TOTAL ASSETS IN $BN NO COMPANIES 1 217 Pacific Life Insurance Company United Services Automobile Association 2 200 3 165 Liberty Mutual Insurance 4 134 State Farm Insurance Companies 5 126 Aflac Incorporated 6 113 Thrivent Financial 7 112 Western & Southern Financial Group 8 108 Elevance Health, Inc. 9 103 The Allstate Corporation Reinsurance Group of America, Incorporated 10 97.6 11 90.8 Genworth Financial, Inc. 12 84.6 Centene Corporation Sources: Statista

  4. PERCENTAGE OF INSURED PEOPLE AGES 19–64 , BY COVERAGE TYPE PERCENTAGE OF INSURED PEOPLE AGES 19–64 , BY COVERAGE TYPE Employer Individual + Marketplace Medicaid Medicare Others 4% 4% 6% 6% 11% 11% 14% 14% 66% 66% Individual life insurance market is projected to see term life insurance sales reach an all-time high of $3 Bn As of 2023, an estimated 26 Mn Americans, or about 8% of the population, lacked health insurance, a significant decrease from 49 Mn before the Affordable Care Act (ACA) Private health insurance market is becoming increasingly concentrated, with fewer companies holding substantial market shares In many states, three or fewer insurers account for at least 80% of the market Sources: Commonwealth Fund

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