United States
Vermont
Utah
North Carolina
Delaware
Hawaii
South Carolina
Arizona
Tennessee
District of Columbia
Montana
Nevada
Texas
Florida
Michigan
New York
Alabama
Colorado
Washington
Connecticut
Georgia
Illinois
Massachusetts
Minnesota
Ohio
Oregon
Pennsylvania
Wisconsin
Indiana
Maryland
Rhode Island
The U.S. is the world's largest captive market (50%+ global share) and the birthplace of modern captive insurance (Nebraska 1960s). As of Sep 2026, 3,991 active captives across 41 states. Top 5: Vermont (680), Utah (460), North Carolina (335), Delaware (289 pure), Nevada (282). Source: Business Insurance World Captive Directory 2024, NAIC, state DOI annual reports.
3700
Total Captives (2026 · DOI)
US$1,700亿
2025 Aggregate GPW (est.)
0%~25%
State Corporate Tax Rate
1981
U.S. First Captive Law: Vermont Special Insurer Act
~3.5%
U.S. Captive GPW vs P&C Premium (Swiss Re Sigma 2025 est.)
Active Captive Count (2026 · · Source: Business Insurance Survey 2014-2024 + DOI
captive Trends by Year — (1980-2026 · companies · Business Insurance + NAIC
Key Captive Companies
| # | Company Name | Domicile | License Year |
|---|---|---|---|
| 1 | CNPC Captive (Baidu) Insurance Co., Ltd. | Beijing | 2013 |
| 2 | China Railway Captive Insurance Co., Ltd. | Beijing | 2015 |
| 3 | COSCO Shipping Captive Insurance Co., Ltd. | Shanghai | 2017 |
| 4 | Guangdong Energy Captive Insurance Co., Ltd. | Guangzhou | 2017 |