2021 Fortune 500 List Sees Insurance Companies Shift

Fortune’s 67th edition of its Fortune 500 list ranked America’s largest companies, detailing the pandemic’s ‘winners and losers.’ The insurance industry (property and casualty (mutual) featured several. The top five companies in this segment were: State Farm Insurance (39), Nationwide (76), Farmers Insurance Exchange (256), Auto-Owners Insurance (341) and Erie Insurance Group (347).

1. State Farm Insurance dropped three spots this year. With total revenues at $78,898 million, its revenue percent change was -0.6%. With total profits at $3,738.9 million, its profits percent change was -33.1%.

2. Nationwide dropped two spots this year. With total revenues at $41,929.8 million, its revenue percent change was -4.7%. With total profits at $-138.4 million, its profits percent change was -116.7%.

3. Farmers Insurance Exchange dropped one spot this year. With total revenues at $11,869.7 million, its revenue percent change was -5.7%. With total profits at $-116.4 million, its profits percent change was -310.5%.

4. Auto-Owners Insurance dropped 21 spots this year. With total revenues at $8,853.2 million, its revenue percent change was -11.5%. With total profits at $829.4 million, its profits percent change was -38.7%.

5. Erie Insurance Group dropped 29 spots this year. With total revenues at $8,666 million, its revenue percent change was 2.6%. With total profits at $1,173.1 million, its profits percent change was 112.9%.

To read the full Fortune 500 list, click here.

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