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, 2011

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 40 1,381 0 7          1,428
Alaska 7 768 0 2             777
Arizona 225 1,572 23 23          1,843
Arkansas 59 1,472 0 1          1,532
California 151 1,147 0 50          1,348
Colorado 50 1,445 9 39          1,543
Connecticut 109 1,209 0 23          1,341
D.C. 49 1,319 0 19          1,387
Delaware 136 1,318 0 135          1,589
Florida 501 1,628 12 49          2,190
Georgia 104 1,614 59 0          1,777
Hawaii 45 1,040 2 7          1,094
Idaho 15 1,433 12 3          1,463
Illinois 358 1,403 7 140          1,908
Indiana 168 1,628 10 16          1,822
Iowa 213 1,406 2 6          1,627
Kansas 45 1,635 15 15          1,710
Kentucky 34 1,535 13 11          1,593
Louisiana 120 1,488 27 2          1,637
Maine 25 1,065 19 1          1,110
Maryland 66 1,465 6 11          1,548
Massachusetts 88 1,234 22 11          1,355
Michigan 147 1,556 18 5          1,726
Minnesota 159 1,334 19 16          1,528
Mississippi 41 1,464 0 2          1,507
Missouri 189 1,510 9 9          1,717
Montana 44 1,398 0 9          1,451
Nebraska 97 1,451 7 4          1,559
Nevada 62 1,495 9 4          1,570
New Hampshire 52 1,001 0 6          1,059
New Jersey 103 1,283 47 36          1,469
New Mexico 23 1,390 4 0          1,417
New York 616 1,118 13 61          1,808
North Carolina 83 1,403 4 0          1,490
North Dakota 35 1,380 2 2          1,419
Ohio 253 1,498 0 23          1,774
Oklahoma 80 1,501 4 3          1,588
Oregon 40 1,486 0 6          1,532
Pennsylvania 271 1,546 22 27          1,866
Rhode Island 32 1,257 1 25          1,315
South Carolina 80 1,670 0 10          1,760
South Dakota 40 1,378 0 0          1,418
Tennessee 56 1,537 8 6          1,607
Texas 430 1,554 7 62          2,053
Utah 42 1,635 1 7          1,685
Vermont 113 1,536 0 7          1,656
Virginia 63 1,652 14 10          1,739
Washington 48 1,419 0 14          1,481
West Virginia 24 1,424 1 2          1,451
Wisconsin 390 1,673 0 6          2,069
Wyoming 5 1,400 0 1          1,406
Total U.S. (4) 6,226   440 934  

(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 a "foreign insurer"—i.e., an insurer 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, 2011, 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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