Insurance Companies By State

 

Domestic Insurance Companies By State, Property/Casualty And Life/Annuities, 2015

 

State Property/casualty Life/annuities State Property/casualty Life/annuities
Alabama 19 6 Montana 14 1
Alaska 7 0 Nebraska 34 28
Arizona 40 29 Nevada 11 3
Arkansas 11 29 New Hampshire 51 1
California 100 14 New Jersey 68 3
Colorado 11 10 New Mexico 13 1
Connecticut 69 27 New York 179 80
Delaware 100 29 North Carolina 60 9
D.C. 6 0 North Dakota 13 3
Florida 122 10 Ohio 136 38
Georgia 33 12 Oklahoma 36 24
Hawaii 17 3 Oregon 17 3
Idaho 8 1 Pennsylvania 181 26
Illinois 193 55 Rhode Island 21 2
Indiana 66 27 South Carolina 22 9
Iowa 71 38 South Dakota 18 3
Kansas 28 12 Tennessee 15 13
Kentucky 7 7 Texas 199 120
Louisiana 30 35 Utah 10 16
Maine 11 3 Vermont 13 1
Maryland 31 4 Virginia 18 4
Massachusetts 50 17 Washington 8 7
Michigan 71 23 West Virginia 19 0
Minnesota 38 11 Wisconsin 170 20
Mississippi 14 15 Wyoming 2 1
Missouri 45 25 United States (1) 2,526 858

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

Source: Insurance Department Resources Report, 2015, 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 1,481 insurers have licenses to do business in the state.

 

REGULATED INSURANCE ENTITIES BY STATE, 2014

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
Alabama 40 1,441 0 0 1,481
Alaska 8 671 0 2 681
Arizona 121 1,518 24 23 1,686
Arkansas 56 1,496 0 1 1,553
California 143 1,112 0 43 1,298
Colorado 48 1,438 9 39 1,534
Connecticut 110 1,207 0 25 1,342
Delaware 151 1,333 0 189 1,673
D.C. 48 1,355 0 19 1,422
Florida 445 1,659 14 50 2,168
Georgia 93 1,578 34 0 1,705
Hawaii 46 1,057 12 7 1,122
Idaho 14 1,401 12 3 1,430
Illinois 351 1,399 14 141 1,905
Indiana 153 1,623 13 19 1,808
Iowa 216 1,381 2 0 1,599
Kansas 48 1,596 16 15 1,675
Kentucky 40 1,522 12 11 1,585
Louisiana 109 1,478 26 3 1,616
Maine 17 1,119 19 1 1,156
Maryland 66 1,476 5 10 1,557
Massachusetts 86 1,265 21 8 1,380
Michigan 140 1,386 18 8 1,552
Minnesota 154 1,362 17 24 1,557
Mississippi 38 1,495 0 2 1,535
Missouri 177 1,485 10 7 1,679
Montana 43 1,393 0 9 1,445
Nebraska 88 1,447 6 5 1,546
Nevada 58 1,486 9 6 1,559
New Hampshire 61 1,071 0 6 1,138
New Jersey 115 1,301 47 38 1,501
New Mexico 25 1,440 4 0 1,469
New York 582 1,164 13 67 1,826
North Carolina 81 1,408 3 0 1,492
North Dakota 32 1,336 2 2 1,372
Ohio 238 1,486 0 24 1,748
Oklahoma 75 1,711 3 5 1,794
Oregon 46 1,474 0 6 1,526
Pennsylvania 271 1,533 17 28 1,849
Rhode Island 27 1,257 1 26 1,311
South Carolina 207 1,698 0 0 1,905
South Dakota 40 1,357 0 0 1,397
Tennessee 66 1,447 8 6 1,527
Texas 407 1,552 6 64 2,029
Utah 76 1,573 0 14 1,663
Vermont 112 1,592 0 8 1,712
Virginia 61 1,505 17 18 1,601
Washington 39 1,415 0 11 1,465
West Virginia 28 1,362 1 2 1,393
Wisconsin 325 1,541 0 9 1,875
Wyoming 7 1,352 0 1 1,360
Total U.S. (3) 6,118 (4) 415 1,005 7,538

(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) Totals include U.S. territories and possessions.
(4) No totals shown, so as to avoid double counting. Totals reflect insurers physically located in the state.

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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