List of 86 Minnesota-based Insurance Companies

Name	Sector	Revenue $mlns	M&A Activity			Last 5 Years
Name	Sector	Revenue $mlns	Total	Buy	Sell	Last 5 Years
The St. Paul Co., Inc. Acquired Travelers Companies 2004-04-01 Saint Paul,, Minnesota, United States website	Insurance	-	4	3	1
Associated Financial Group, LLC Private Minnetonka, Minnesota, United States website	Insurance	-	2	2	-
RJF Agencies, Inc. Acquired Marsh & McLennan Agency LLC 2011-01-04 Minneapolis, Minnesota, United States website	Insurance	-	1	1	-
Northern States Agency, Inc. Private St. Paul,, Minnesota, United States website	Insurance	-	1	1	-
Gravie Agency LLC Private Minneapolis, Minnesota, United States website	Insurance	-	1	1	-
Constellation Acquired Curi 2023-02-01 Edina, Minnesota, United States website	Insurance	-	2	1	1
Midwest Medical Insurance Co. Private Minneapolis, Minnesota, United States	Insurance	-	1	1	-
RTW, Inc. Acquired Rockhill Holding Co. 2007-12-17 Bloomington,, Minnesota, United States website	Insurance	-	1	1	-
Truck Writer Insurance Services, Inc. Acquired OLI Insurance Services, Inc. 2020-05-19 Blaine, Minnesota, United States website	Insurance	-	1	1	-
Stratford 360 Acquired Aon 2013-12-09 Minneapolis, Minnesota, United States website	Insurance	-	-	-	-
KMG America Corp. Acquired Humana 2007-09-07 $187.7M Minnetonka, Minnesota, United States website	Insurance	-	-	-	-
Allianz Life Insurance Company Of North America Acquired HCC Insurance Holdings, Inc. 2006-08-04 $140M Minneapolis, Minnesota, United States	Insurance	-	1	-	1
Associated Benefits and Risk Consulting Acquired USI Insurance Services 2020-05-04 Minnetonka, Minnesota, United States website	Insurance	-	-	-	-
Spanjers Insurance Agency, Inc. Acquired Gallagher 2007-07-16 Mendota Heights, Minnesota, United States	Insurance	-	-	-	-
Robert A. Schneider Agency, Inc. Acquired Gallagher 2007-12-10 Minnetonka, Minnesota, United States website	Insurance	-	-	-	-
Security Life Insurance Company of America Acquired Ameritas Life Insurance Corp. 2015-11-03 Minnetonka, Minnesota, United States website	Insurance	-	-	-	-

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