The Biggest Member-Owned Businesses in the U.S.

State Farm is the U.S. cooperative with the highest turnover in 2020. The insurance mutual, a special type of member-owned business either paying its policyholders a dividend or reducing premiums, managed to generate an income of $42 billion in the corresponding year. As our chart based on the World Cooperative Monitor 2022 shows, the most successful companies owned by their members in the United States are active in two specific sectors.

Next to State Farm, the top 8 also features Liberty Mutual, Northwestern Mutual and New York Life, all insurance companies adhering to the mutual company structure. The other four […]

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