The Travelers Companies is the third largest provider of personal insurance in the United States through independent agents. Travelers provides insurance products to both businesses and individuals in the United States, Canada, the United Kingdom, Ireland and Brazil. Travelers insurance is sold through about 14,000 independent agents and brokers. The company generated revenues of about $29 billion in 2017. Company Roots: Today’s Travelers Companies is a conglomeration of several historical
State Farm is an insurance and financial services company that services more than 80 million insurance policies in the United States. Company Roots: In 1922, a retired farmer named George Mecherle founded State Farm as a mutual insurance company for auto insurance. The company started out with a specialty in offering auto insurance for farmers, and eventually added homeowners and life insurance. Later, it began offering banking and financial services.
The Progressive Corporation is one of the United States’ largest providers of car insurance, with more than 13 million policies. Company Roots: Progressive was founded in 1937. By 1956, the company had established a niche of insuring more risky drivers. In 2016, Progressive had more than $20 billion in annual premium business. Progressive has traditionally lived by its name: It was the first car insurance industry to launch a website,