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
Vermont is the most active U.S. captive state, attracting companies with low taxes and light regulation. Sources: DOI, NAIC, Business Insurance, A.M. Best.
707
Active captives (DB covers 682/707)
$51B
2025 Estimated GWP
0%
State Corporate Income Tax
1981
Captive Legislation Year
#1 Global
World's Largest Captive Domicile
Vermont Captive Gross Written Premium (GWP, $M
Trends by Year — captive
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 |