Current Table

aptives by State, 2022-2023
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Rank Domicile 2022 2023
1 Vermont 639 659
2 Utah 412 (1) 439
3 North Carolina 294 311
4 Delaware 319 (1) 289
5 Hawaii 255 263
6 South Carolina 209 (1) 221
7 Arizona 162 176
8 Tennessee 150 162
9 District of Columbia 113 120
10 Montana 101 100
10 Nevada 155 100
12 Texas 72 (1) 79
13 Georgia 56 57
14 Oklahoma 45 (1) 56
15 Missouri 54 55
16 Alabama 51 54
17 Connecticut 45 53
18 New York 39 (2) 37 (1)
19 Kentucky 32 32
20 Michigan 24 26
21 New Jersey 20 (1) 20 (1)
22 Arkansas 15 16
23 South Dakota 14 15
24 Ohio 7 8
25 Colorado 6 6
26 Nebraska 4 4
27 Maine 3 3
28 Illinois 2 2
29 Kansas 1 1
29 West Virginia 1 1
  United States (3) 3,300 3,365

(1) Restated.
(2) Business Insurance estimate.
(3) Excludes territories.

Source: Business Insurance Survey, Business Insurance, April 2024.

 

Archived Tables

CAPTIVES BY STATE, 2007-2008
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Rank State 2007 2008
1 Vermont 567 557
2 Hawaii 163 165
3 South Carolina 158 163
4 Nevada 108 123
5 Utah 92 122
6 Arizona 94 106
7 D.C. 77 90
8 Kentucky 31 67
9 New York 44 50
10 Delaware 18 40
11 Montana 30 35
12 Georgia 14 14
13 Colorado 6 6
14 Alabama 2 3
15 Missouri 2 3
16 Tennessee 3 3
17 Arkansas 1 1
18 Illinois 2 1
19 Kansas 1 1
20 Michigan 0 1
21 Oklahoma 1 1
22 South Dakota 1 1
  United States 1,415 1,553
Source: Business Insurance, March 9, 2009.
 
CAPTIVES BY STATE, 2008-2009
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Rank State 2008 2009
1 Vermont 557 560
2 Hawaii 165 162
3 South Carolina 156 (1) 161
4 Utah 122 148
5 Nevada 123 126
6 District of Columbia 90 116
7 Kentucky 67 105
8 Arizona 106 (1) 99
9 Delaware 41 49
10 Montana 35 47
11 New York 50 47
12 Georgia 14 18 (2)
13 Colorado 6 6
14 Missouri 3 6
15 Alabama 3 5
16 Tennessee 3 4
17 Michigan 1 2
18 Arkansas 1 1
19 Illinois 1 1
20 Kansas 1 1
21 Oklahoma 1 1
22 South Dakota 1 1
  United States 1,285 1,648

(1) Restated.
(2) Business Insurance estimate.

Source: Business Insurance, March 8, 2010.

 
CAPTIVES BY STATE, 2009-2010
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Rank State 2009 2010
1 Vermont 560 572
2 Utah 148 188
3 Hawaii 162 168
4 South Carolina 160 160
5 District of Columbia 156 139
6 Kentucky 105 127
7 Nevada 125 124
8 Arizona 99 96
9 Delaware 49 95
10 Montana 47 67
11 New York 47 47
12 Georgia 15 15
13 Missouri 6 11
14 Alabama 5 10
15 Colorado 6 5
16 Michigan 2 4
17 Tennessee 4 4
18 Arkansas 1 1
19 Illinois 1 1
20 Kansas 1 1
21 Maine 0 1
22 Oklahoma 1 1
23 South Dakota 1 1
  United States 1,701 1,838

Source: Business Insurance, March 14, 2011.

 
CAPTIVES BY STATE, 2010-2011
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Rank State 2010 2011
1 Vermont 572 590
2 Utah 188 239
3 Hawaii 167 (1) 172
4 South Carolina 155 159
5 District of Columbia 139 157
6 Delaware 95 150
7 Kentucky 127 137
8 Nevada 124 127
9 Arizona 96 97
10 Montana 67 83
11 New York 47 50
12 Missouri 11 19
13 Alabama 10 18
14 Georgia 15 13
15 Michigan 4 5
16 Colorado 5 5
17 Tennessee 2 4
18 South Dakota 1 4
19 New Jersey 0 3
20 Maine 1 2
21 West Virginia 1 1
22 Oklahoma 1 1 (2)
23 Kansas 1 1
24 Illinois 1 1
25 Arkansas 1 1
  United States 1,831 2,039

(1) Restated.
(2) Business Insurance estimate.

Source: Business Insurance, March 5, 2012.

 
CAPTIVES BY STATE, 2012-2013
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Rank Domicile 2012 2013
1 Vermont 586 588
2 Utah 287 342
3 Delaware 212 (1) 298
4 Hawaii 178 184
5 D.C. 167 (1) 172
6 Montana 114 150
7 Nevada 133 148
8 South Carolina 149 145
9 Kentucky 139 128
10 Arizona 101 106
11 New York 50 48 (2)
12 Missouri 28 35
13 Tennessee 9 32
14 Alabama 23 27
15 New Jersey 5 15
16 Georgia 13 13
17 Oklahoma 5 11
18 South Dakota 4 9
19 Michigan 6 7
20 Colorado 5 4
21 North Carolina 0 4
22 Connecticut 2 4
23 Maine 3 3
24 Nebraska 2 2
25 Arkansas 1 2
26 Illinois 1 1
27 Kansas 1 1
28 West Virginia 1 1
  United States (3) 2,225 2,480

(1) Restated.
(2) Business Insurance estimate.
(3) Excludes territories.

Source: Business Insurance, March 17, 2014.

 
CAPTIVES BY STATE, 2013-2014
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Rank Domicile 2013 2014
1 Vermont 588 587
2 Utah 342 (1) 422
3 Delaware 298 333
4 Hawaii 184 194
5 D.C. 170 (1) 191
6 Montana 150 177
7 Nevada 148 160
8 South Carolina 145 158
9 Kentucky 128 122
10 Arizona 106 114
11 Tennessee 32 72
12 New York 65 (1) 63
13 North Carolina  4 52
14 Missouri  35 47
15 Oklahoma  10 (1) 47
16 Alabama  27 40
17 New Jersey  15 17
18 Michigan  6 (1) 15
19 South Dakota  9 14
20 Texas  0 12
21 Georgia  13 9
22 Connecticut  4 7
23 Nebraska  2 4
24 Colorado  4 3
25 Maine  3 3
26 Arkansas  2 2
27 Illinois  1 1
28 Kansas  1 1
29 West Virginia  1 1
  United States (2) 2,493 2,868

(1) Restated.
(2) Excludes territories.

Source: Business Insurance (www.businessinsurance.com), March 16, 2015.

 
CAPTIVES BY STATE, 2014-2015
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Rank Domicile 2014 2015
1 Vermont 587 596
2 Utah 422 450
3 Delaware  333 323
4 Nevada 160 202
5 Hawaii 194 197
6 Montana 177 196
7 D.C. 191 193
8 South Carolina 158 167
9 Tennessee 70 (1) 127
10 Arizona 114 110
11 North Carolina 52 94
12 Kentucky 122 92
13 Oklahoma 47 73
14 New York 63 63 (2)
15 Missouri 47 50
16 Alabama 40 42
17 Michigan 15 23
18 New Jersey 17 22
19 Texas 12 21
20 Georgia 9 16
21 South Dakota 9 (1) 14
22 Connecticut 7 10
23 Nebraska 4 4
24 Colorado 3 3
25 Maine 3 3
26 Arkansas 2 2
27 Illinois 1 2
28 Kansas 1 2
29 West Virginia 1 0
  United States (3) 2,782 3,034

(1) Restated.
(2) Estimated.
(3) Excludes territories.

Source: Business Insurance (www.businessinsurance.com), February 29, 2016.

 
Captives By State, 2015-2016
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Rank Domicile 2015 2016
1 Vermont 596 593
2 Utah 440(1) 462
3 Delaware  323 385
4 Nevada 202 207
5 Hawaii 197 207
6 North Carolina 94 190
7 Montana 196 184
8 South Carolina 167 164
9 Tennessee 127 160
10 Arizona 110 113
11 D.C. 93(1) 100
12 Kentucky 92 84
13 Oklahoma 73 75
14 New York 62(1) 60 (2)
15 Missouri 50 48
16 Alabama 42 48
17 Texas 21 34
18 Georgia 16 28
19 New Jersey 22 23
20 Michigan 23 20
21 South Dakota 14 16
22 Connecticut 10 14
23 Ohio 4 14
24 Nebraska 4 4
25 Colorado 3 4
26 Arkansas 2 3
27 Illinois 2 3
28 Maine 3 2
29 Kansas 2 1
  United States (3) 2,990 3,246

(1) Restated.
(2) Estimated.
(3) Excludes territories.

Source: Business Insurance (www.businessinsurance.com), March 2017.

 
Captives By State, 2016-2017
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Rank Domicile 2016 2017
1 Vermont 593 566
2 Utah 462 480
3 Delaware 385 391
4 Hawaii 208 (1) 230
5 North Carolina 189 (1) 220
6 Nevada 200 (1) 204
7 South Carolina 164 172
8 Tennessee 149 (1) 155
9 Montana 163 (1) 140
10 Arizona 113 121
11 D.C. 100 102
12 Kentucky 84 84 (2)
13 Oklahoma 75 75 (3)
14 New York 62 (1) 62
15 Alabama 48 50
16 Missouri 48 48
17 Texas 34 38
18 South Dakota 26 (1) 34
19 New Jersey 23 23 (2)
20 Michigan 20 22
21 Georgia 28 20
22 Ohio 14 15
23 Connecticut 14 14
24 Colorado 4 5
25 Arkansas 3 4
26 Nebraska 4 4
27 Illinois 3 3
28 Maine 2 2
29 Kansas 2 (1) 1
  United States (3)   3,285

(1) Restated.
(2) Estimated.
(3) Excludes territories.

Source: Business Insurance Survey, Business Insurance (www.businessinsurance.com), March 2018.

 
Captives By State, 2017-2018
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Rank Domicile 2017 2018
1 Vermont  578 (1) 580
2 Utah  481 (1) 443
3 Delaware  391 421
4 North Carolina  220 240 (2)
5 Hawaii  230 231
6 South Carolina  172 171
7 Tennessee  155 169
8 Nevada  172 (1) 156
9 Montana  141 (1) 129
10 Arizona  121 124
11 District of Columbia  102 105
12 Oklahoma  75 66
13 Kentucky  65 (1) 64
14 New York  58 (1),(3)  55 (2)
15 Missouri  50 (1) 54
16 Alabama  50 44
17 Texas  38 42
18 Michigan  22 23
18 New Jersey  21 (1) 23
20 Georgia  20 20
21 Connecticut  14 15
21 South Dakota  34 15
23 Ohio  15 8
24 Colorado  5 7
25 Arkansas  4 6
26 Illinois  3 5
27 Nebraska  4 4
28 Maine  2 3
29 Kansas  1 1
  United States (4) 3,244 3,224

(1) Restated.
(2) Estimated.
(3) From annual report.
(4) Excludes territories.

Source: Business Insurance Survey, Business Insurance (www.businessinsurance.com), March 2019.

 
Captives By State, 2018-2019
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Rank Domicile 2018 2019
1 Vermont  580 585
2 Utah  441 (1) 435
3 Delaware  421 366
4 North Carolina  246 (1) 235
5 Hawaii  231 231
6 South Carolina  171 179
7 Nevada  182 (1) 174
8 Tennessee  169 140
9 Arizona  124 128
10 Montana  128 (1) 123
11 District of Columbia  105 104
12 Kentucky  64 64
13 Missouri  54 52
13 Georgia  49 (1) 52
15 New York  55 (2) 49 (2)
16 Alabama  44 48
17 Texas  42 45
18 Michigan  23 24
18 New Jersey  23 21
20 Connecticut  15 17
21 South Dakota  15 16
21 Oklahoma  11 11
23 Arkansas  6 9
24 Colorado  7 7 (2)
25 Ohio  8 6
26 Illinois  5 4
26 Nebraska  4 4
28 Maine  3 3
29 Kansas  1 1
  United States (3) 3,227 3,133

(1) Restated.
(2) From website.
(3) Excludes territories.

Source: Business Insurance Survey, Business Insurance (www.businessinsurance.com), March 2020.

 
Captives By State, 2019-2020
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Rank Domicile 2019 2020
1 Vermont 585 589
2 Utah 432 396
3 Delaware 366 288
4 North Carolina 235 250
5 Hawaii 231 242
6 Tennessee 194 212
7 South Carolina 179 175
8 Nevada 174 166
9 Arizona 128 131
10 Montana 121 114
11 District of Columbia 104 106
12 Texas 45 57
13 Georgia 52 56
13 Alabama 48 53
15 Missouri 52 51
16 Kentucky 64 45
17 New York 49 43
18 Michigan 24 26
19 Connecticut 16 22
20 New Jersey 21 20
20 South Dakota 16 15
22 Oklahoma 11 13
23 Arkansas 9 12
24 Ohio 6 7
25 Colorado 7 6
26 Nebraska 4 4
26 Illinois 4 3
28 Maine 3 3
29 Kansas 1 1
30 West Virginia 1 1
  United States (1) 3,182 3,107

(1) Excludes territories.

Source: Business Insurance (www.businessinsurance.com), March 2021.

 
Captives By State, 2020-2021
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Rank Domicile 2020 2021
1 Vermont  589 620
2 Utah  396 384
3 Delaware  288 313
4 North Carolina  250 257
5 Hawaii  242 251
6 South Carolina  175 183
7 Nevada  166 161
8 Tennessee  145 (1) 153
9 Arizona  131 149
10 District of Columbia  106 112
11 Montana 115 (1) 102
12 Alabama  53 57
13 Georgia  56 57
13 Texas  41 (1) 54
15 Missouri 51 52
16 Connecticut  22 44
17 New York 40 (1) (2) 40 (4)
18 Kentucky 45 34
18 Michigan 26 24 (4)
20 New Jersey 20 20
21 South Dakota 15 16
21 Arkansas  12 14
23 Oklahoma 13 13
24 Ohio  7 6
25 Colorado 6 6
26 Nebraska  4 4
26 Maine  3 3
28 Illinois 3 2
29 Kansas  1 1
30 West Virginia 1 1
  United States (3) 2,681 (1) 3,069

(1) Excludes territories.

Source: Business Insurance, March 2022.

 
Captives By State, 2021-2022
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Rank Domicile 2021 2022
1 Vermont 620 639
2 Utah 386 (1) 419
3 Delaware 313 330
4 North Carolina 257 294
5 Hawaii 250 (1) 255
6 South Carolina 183 205
7 Arizona 149 162
8 Nevada 161 155
9 Tennessee 148 (1) 150
10 District of Columbia 112 113
11 Montana 102 101
12 Texas 54 73
13 Connecticut 44 57
13 Georgia 57 56
15 Missouri 52 54
16 Alabama 57 51
17 Oklahoma 45 (1) 47
18 New York 40 (2) 38 (2)
18 Kentucky 34 32
20 Michigan 24 24
21 New Jersey 20 20 (3)
21 Arkansas 14 15
23 South Dakota 16 14
24 Ohio 6 7
25 Colorado 6 6
26 Nebraska 4 4
26 Maine 3 3
28 Illinois 2 2
29 Kansas 1 1
30 West Virginia 1 1
  United States (4) 3,161 (1) 3,328

(1) Restated.
(2) From website.
(3) Business Insurance estimate.
(4) Excludes territories.

Source: Business Insurance Survey, Business Insurance, March 2023.