Leading insurance brokers by revenue U.S. | Statista (2024)

FAQs

What is the largest insurance broker in the US by revenue? ›

Based on 2023 brokerage revenues from U.S. clients, the largest insurance broker in the United States is Marsh & McLennan Cos Inc.

There are 413,100 Insurance Brokers & Agencies businesses in the US as of 2023, a decline of 0% from 2022.

Commissions: This is the primary way most insurance brokers earn money. When a client purchases or renews an insurance policy, brokers receive a commission from the insurance company. The amount is a percentage of the policy's premium.

Marsh McLennan is the biggest insurance broker in the U.S. by revenue. 1 It is headquartered in New York City.

Despite this growth in the number of users, Zerodha continues to dominate in terms of revenue, reporting a fivefold revenue compared to Groww. Nithin Kamath's online stock broking platform, disclosed a 39 per cent increase in profit after tax (PAT) to ₹2,907 crore for the financial year ending on March 31, 2023.

Vanguard is the largest brokerage firm in the United States, with $8.2 trillion assets under management. What are the four largest stock brokerage firms in the United States? The four biggest stock brokerage firms in the United States are Vanguard, Charles Schwab, Fidelity, and J.P. Morgan.

Dear Friends, Somewhere around 80% of new insurance agents hired by independent marketing organizations fail and quit within their first 12 months of getting their license. And then within 5 years, 80% of the remaining new insurance agents will struggle and quit! That is a 90% failure rate for new agents.

What are the three largest US brokerage firms? ›

They are often referred to as the "big four brokerages." Each of these firms—Charles Schwab, Fidelity Investments, and E*TRADE,—comprise the top in terms of customers and assets.

UnitedHealth Group has retained its number-one slot in AM Best's ranking of the world's 25 largest insurance companies for the ninth straight year, according to the credit rating agency. UnitedHealth grew its net premiums written (NPW) by 14% in 2022 to US$257.2 billion.

While there are many kinds of insurance (ranging from auto insurance to health insurance), the most lucrative career in the insurance field is for those selling life insurance.

What are the disadvantages of using an insurance broker? An insurance broker typically doesn't know all the policy details for every policy type and insurance company. There could be policy exclusions, terms and conditions they may not be aware of when suggesting an insurance company or specific policy.

Insurance News

The insurer's 2023 Broker Wellbeing Survey has revealed that stress levels have risen for the fifth consecutive year, with 79% of brokers admitting to experiencing stress at work in the past 12 months.