Insurance Companies By State

DOMESTIC INSURANCE COMPANIES BY STATE, PROPERTY/CASUALTY AND LIFE/ANNUITIES, 2013

State Property/casualty Life/annuities State Property/casualty Life/annuities
Alabama 19 7 Montana 3 1
Alaska 5 0 Nebraska 33 28
Arizona 40 30 Nevada 11 3
Arkansas 12 29 New Hampshire 51 2
California 109 16 New Jersey 70 2
Colorado 12 9 New Mexico 13 2
Connecticut 71 29 New York 205 81
Delaware 98 29 North Carolina 68 5
D.C. 6 1 North Dakota 13 4
Florida 120 11 Ohio 133 37
Georgia 34 15 Oklahoma 31 27
Hawaii 17 3 Oregon 15 4
Idaho 7 1 Pennsylvania 179 27
Illinois 193 58 Rhode Island 22 2
Indiana 75 27 South Carolina 24 9
Iowa 69 33 South Dakota 16 3
Kansas 26 12 Tennessee 16 14
Kentucky 9 7 Texas 208 125
Louisiana 32 38 Utah 10 16
Maine 11 3 Vermont 13 2
Maryland 35 5 Virginia 18 5
Massachusetts 54 17 Washington 12 9
Michigan 72 25 West Virginia 19 0
Minnesota 39 12 Wisconsin 173 20
Mississippi 14 15 Wyoming 1 1
Missouri 47 27 United States (1) 2,583 888

(1) Excludes territories. Excludes health insurers, risk retention groups, fraternals, title and other insurers.

Source: Insurance Department Resources Report, 2014, published by the National Association of Insurance Commissioners (NAIC). Reprinted with permission. Further reprint or redistribution strictly prohibited without written permission of NAIC.

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Licensed Insurers by State

An insurance company is said to be “domiciled” in the state that issued its primary license; it is “domestic” in that state. Once licensed in one state, it may seek licenses in other states as a “foreign” insurer (referred to as “licensed out-of-state insurers” in the chart below). An insurer incorporated in a foreign country is called an “alien” insurer in the U.S. states in which it is licensed (not included in the chart). The chart also shows self-insured groups and risk purchasing groups (organizations consisting of firms engaged in similar businesses that band together to purchase commercial insurance). Many insurers do business outside their state of domicile. For example, there are only 40 insurance companies domiciled in Alabama, but 1,381 insurers have licenses to do business in the state.

REGULATED INSURANCE ENTITIES BY STATE, 2013

State Domestic
insurers (1)
Licensed out-of-state
insurers (2)
Chartered self-insured
groups or pools
Chartered purchasing
groups
All companies doing
business in state (3)
Alabama 39 1,386 0 0 1,425
Alaska 7 726 0 2 735
Arizona 125 1,598 24 23 1,770
Arkansas 57 1,480 0 1 1,538
California 148 1,120 0 39 1,307
Colorado 48 1,433 9 39 1,529
Connecticut 109 1,202 0 25 1,336
D.C. 50 1,354 0 18 1,422
Delaware 144 1,347 0 168 1,659
Florida 450 1,658 13 49 2,170
Georgia 99 1,555 38 0 1,692
Hawaii 45 1,080 2 7 1,134
Idaho 15 1,408 11 3 1,437
Illinois 354 1,372 17 140 1,883
Indiana 163 1,639 12 17 1,831
Iowa 214 1,382 2 1 1,599
Kansas 46 1,632 16 16 1,710
Kentucky 36 1,530 13 11 1,590
Louisiana 113 1,434 26 3 1,576
Maine 18 1,103 19 1 1,141
Maryland 65 1,467 6 11 1,549
Massachusetts 89 1,260 21 8 1,378
Michigan 141 1,391 16 7 1,555
Minnesota 157 1,361 17 25 1,560
Mississippi 38 1,479 0 2 1,519
Missouri 177 1,497 9 9 1,692
Montana 44 1,411 0 9 1,464
Nebraska 92 1,437 7 5 1,541
Nevada 60 1,486 9 6 1,561
New Hampshire 62 1,060 0 6 1,128
New Jersey 117 1,303 48 38 1,506
New Mexico 25 1,450 4 0 1,479
New York 608 1,149 13 67 1,837
North Carolina 82 1,406 4 0 1,492
North Dakota 32 1,342 2 2 1,378
Ohio 235 1,509 0 23 1,767
Oklahoma 77 1,479 3 5 1,564
Oregon 45 1,483 0 6 1,534
Pennsylvania 265 1,550 17 27 1,859
Rhode Island 29 1,249 1 25 1,304
South Carolina 82 1,585 0 0 1,667
South Dakota 38 1,367 0 0 1,405
Tennessee 62 1,564 8 6 1,640
Texas 408 1,565 6 62 2,041
Utah 64 1,529 0 10 1,603
Vermont 108 1,594 0 8 1,710
Virginia 63 1,658 17 13 1,751
Washington 44 1,410 0 11 1,465
West Virginia 27 1,353 1 2 1,383
Wisconsin 381 1,721 0 7 2,109
Wyoming 6 1,347 0 1 1,354
Total U.S. (4) 6,086   411 964  

(1) Insurers that are domiciled in the state. Includes property/casualty, life/annuities, health, fraternal, title, risk retention groups and "other."
(2) This category is comprised of insurers designated by the NAIC as "foreign insurers"—i.e., insurers whose state of domicile is other than the state in which it is writing business.  There is no total in this column to avoid double counting—i.e., insurers are only included in the figures for states in which they are domiciled.
(3) No totals shown, so as to avoid double counting.  Totals reflect insurers physically located in the state.
(4) Totals include U.S. territories and possessions.

Source: Insurance Department Resources Report, 2014, published by the National Association of Insurance Commissioners (NAIC). Reprinted with permission. Further reprint or redistribution strictly prohibited without written permission of NAIC.

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