This year's Fortune 500 list reaffirms that insurance companies are some of the most profitable businesses in the U.S.

Fifteen property & casualty insurers on this year's ranking generated $1 billion or more in profits in 2019, with two surpassing $5 billion in earnings. Just eight property & casualty companies crossed the billion-dollar mark in profits a year prior.

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Heather A. Turner

Heather A. Turner is the managing editor of ALM's NU Property & Casualty Group. She can be reached at [email protected].