SEC annual filings · Insurance agents and brokers

Which companies in insurance agents and brokers have the most revenue in the SEC data we read?

In 2025, 13 companies in insurance agents and brokers that have had revenue of one billion dollars or more are ranked; Marsh & McLennan Companies, Inc. reported the most, $27.0 billion. The newest annual report in the data is for the fiscal year ended .

Revenue of the ten largest companies in insurance agents and brokers, 2025

The largest first, each bar from zeroAs filed with the SEC

Revenue in 2025 of the ten largest companies in insurance agents and brokers Marsh & McLennan Companies, Inc.: $27.0B; Aon plc: $17.2B; Arthur J. Gallagher & Co.: $13.9B; Equitable Holdings, Inc.: $11.7B; Willis Towers Watson plc: $9.71B; Brown & Brown, Inc.: $5.90B; Erie Indemnity Co: $4.07B; Ryan Specialty Holdings, Inc.: $3.05B; SelectQuote, Inc.: $1.53B; Baldwin Insurance Group, Inc.: $1.50B Marsh & McLennan Companies, Inc. $27.0B Aon plc $17.2B Arthur J. Gallagher & Co. $13.9B Equitable Holdings, Inc. $11.7B Willis Towers Watson plc $9.71B Brown & Brown, Inc. $5.90B Erie Indemnity Co $4.07B Ryan Specialty Holdings, Inc. $3.05B SelectQuote, Inc. $1.53B Baldwin Insurance Group, Inc. $1.50B Revenue in 2025 of the ten largest companies in insurance agents and brokers Marsh & McLennan Companies, Inc.: $27.0B; Aon plc: $17.2B; Arthur J. Gallagher & Co.: $13.9B; Equitable Holdings, Inc.: $11.7B; Willis Towers Watson plc: $9.71B; Brown & Brown, Inc.: $5.90B; Erie Indemnity Co: $4.07B; Ryan Specialty Holdings, Inc.: $3.05B; SelectQuote, Inc.: $1.53B; Baldwin Insurance Group, Inc.: $1.50B Marsh & McLennan Companies, Inc. $27.0B Aon plc $17.2B Arthur J. Gallagher & Co. $13.9B Equitable Holdings, Inc. $11.7B Willis Towers Watson plc $9.71B Brown & Brown, Inc. $5.90B Erie Indemnity Co $4.07B Ryan Specialty Holdings, Inc. $3.05B SelectQuote, Inc. $1.53B Baldwin Insurance Group, Inc. $1.50B

Each bar is the revenue of one company for its fiscal year in 2025, as it filed it. The whole ranking is under "The numbers behind the chart".

Observed .

Right now

Marsh & McLennan Companies, Inc. reported the most revenue in 2025, $27.0 billion.

13 companies in insurance agents and brokers are ranked for 2025.

See the ranked companies of the group

Share of revenueOurs

Together they reported $99.5 billion of revenue, 0.4% of the revenue of all $25.2 trillion reported by the ranked companies.

As filed

Facts as filed with the SEC, and our arithmetic on them. Not investment advice.

Total assets are the figure the SEC data holds for the fiscal year end; a dash can mean the data holds a balance of another date.

Understanding the ranking

Where it stands today

Marsh & McLennan Companies, Inc. reported $27.0 billion, the most in 2025.

How is the ranking made?

The ranking lists companies by the revenue they filed with the SEC for their fiscal year in 2025, the largest first.

Read more

A company is in the ranking when its latest annual report shows revenue of one billion dollars or more, and stays in it afterwards. A company that has stopped filing keeps its page and is not ranked.

The numbers behind the chart

Which companies in insurance agents and brokers reported the most revenue?13 companies
Companies by revenue in 2025, the largest first (dollars as filed)
CompanyRankSymbolRevenueProfit or lossTotal assets
Marsh & McLennan Companies, Inc.1MRSH$27.0B$4.16B$58.7B
Aon plc2AON$17.2B$3.69B$50.8B
Arthur J. Gallagher & Co.3AJG$13.9B$1.49B$70.7B
Equitable Holdings, Inc.4EQH$11.7B–$318B
Willis Towers Watson plc5WTW$9.71B$1.60B$29.5B
Brown & Brown, Inc.6BRO$5.90B$1.05B$30.0B
Erie Indemnity Co7ERIE$4.07B$559M$3.36B
Ryan Specialty Holdings, Inc.8RYAN$3.05B$63.4M$10.6B
SelectQuote, Inc.9SLQT$1.53B$47.6M–
Baldwin Insurance Group, Inc.10BWIN$1.50B−$54.2M$3.86B
Hagerty, Inc.11HGTY$1.46B$149M$2.09B
Crawford & Co12CRD-A$1.31B$19.7M$764M
Enact Holdings, Inc.13ACT$1.24B$674M$6.89B

The table scrolls sideways; the first column stays in place.

What does the ranking leave out, and where is it from?Limits and source

What this number cannot tell you

  • Only companies with a revenue figure for the ranking year that passes our checks are ranked, the largest first; equal figures share a rank.
  • A company's figures are its own. A company that files together with a parent or a subsidiary is ranked on its own figure, so the same business can appear twice, and a sum of revenue counts it twice.
  • Total assets are shown only when the SEC data dates them within ten days of the fiscal year end, and profit only when its period ends within sixty days of it.
  • A dash is a gap. Either the figure failed one of our checks and is not shown, or the SEC data holds it for another date or period than the year asks for. The dash says which when it is pointed at.

Observed .

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