Combined Insurance

What Combined Insurance does

Combined Insurance Company of America is a U.S.-domiciled supplemental insurance carrier founded in 1922 and operating as a wholly-owned subsidiary of Chubb Limited (NYSE: CB). The company underwrites a portfolio of six core supplemental products — accident, cancer, critical illness, disability, hospital, and life insurance — designed to provide cash benefits that fill gaps left by traditional medical coverage. It distributes through two parallel go-to-market motions: the Combined brand serves individuals and small businesses in the U.S. and Canada via independent agents and brokers, while the Chubb Benefits Workplace Solutions division (formerly Chubb Workplace Benefits) sells group-level supplemental benefits to mid- and large-market employers through brokers and benefits consultants. Combined Life Insurance Company of New York underwrites products for New York residents, and the company operates European branches through Chubb European Group SE in the UK, Ireland, Germany, and Portugal.

Combined generates revenue almost entirely through recurring supplemental insurance premiums collected on 5 million in-force policies across its individual, small-business, and group worksite channels. Pricing is quote-based and agent-mediated rather than publicly disclosed, and the company relies on its field agent network — supported by agent portals, training, and compensation programs — as the primary acquisition and renewal engine. A lifestyle add-on, Combined Connections, layers discounts and services onto policies to support retention. In January 2026 the company launched the Chubb Benefits brand identity, consolidating three previously separate business lines (Combined U.S./Canada agency brand, Chubb Workplace Benefits, and Combined Worksite Solutions) under a unified umbrella aligned with the global Chubb parent. Combined holds an A+ (Superior) financial strength rating from AM Best and an A+ from the Better Business Bureau.

Name

Combined Insurance

Legal name

Combined Insurance Company of America

Website

https://combinedinsurance.com

Company type

Private

Founded year

1922

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Combined Insurance, a Chubb subsidiary founded in 1922, underwrites supplemental accident, cancer, critical illness, disability, hospital, and life insurance for U.S. and Canadian individuals, small businesses, and mid/large-market employers via independent agents and brokers.

Ownership category

akta.pro rank

NAICS

Direct Life, Health, and Medical Insurance Carriers (52411), Direct Health and Medical Insurance Carriers (524114)

SIC

Accident & Health Insurance (6321), Life Insurance (6311)

akta.pro primary industry

Individual Supplemental Health (Hospital Indemnity, Critical Illness, Accident) (FSAIAEAD)

akta.pro secondary industries

Specified Disease Hospital Indemnity (e.g., Cancer Hospital Indemnity) (FSAIAKAI), Ancillary & Supplemental Health Products (Accident/Critical Illness/Hospital Indemnity) (HLAEABAJ), Ancillary Employer Benefits (Life/Disability/Accident/Critical Illness) (HLAEAAAK)

Keywords

• Supplemental insurance products
• Accident and health insurance
• Group employee benefits
• Critical illness coverage
• Voluntary benefits solutions

Headquarters

HQ city

Glenview

HQ country

United States

HQ region

North America

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Marketing or Sales, Operations, Technology or R&D, Others

Revenue model

1. Supplemental Insurance Premiums: Combined Insurance generates revenue through the sale of supplemental insurance policies including accident, cancer, critical illness, disability, hospital, and life insurance products. Revenue is generated through premium payments from individuals, families, and employer-sponsored benefit packages.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Combined Insurance sells supplemental insurance products that provide cash benefits to fill coverage gaps left by traditional medical insurance. Its portfolio includes Accident, Cancer, Critical Illness, Disability, Hospital, and Life Insurance sold to individuals and families (via independent agents) and to mid- and large-market employers (via brokers and benefits consultants under the Chubb Benefits Workplace Solutions division).

Product overview

Combined Insurance is a supplemental insurance provider offering a portfolio of core individual and group insurance products. The core product suite includes six primary insurance types: Accident Insurance, Cancer Insurance, Critical Conditions Insurance, Disability Insurance, Hospital Insurance, and Life Insurance — all designed to supplement traditional medical insurance by providing cash benefits. The company operates under two main brand structures: the Combined brand (U.S. and Canada) serves individuals and small businesses through independent agents, while the Chubb Benefits Workplace Solutions division (formerly Chubb Workplace Benefits) caters to mid- and large-market employers via brokers. A subsidiary, Combined Life Insurance Company of New York, underwrites products for New York residents. The company also offers Combined Connections, a discounts and services add-on for policyholders. The company recently rebranded under the Chubb Benefits umbrella (2026).

Differentiator

Problem solved

Functional benefit

Brands

• Combined Connections: Premier discounts services program offering access to discounts on goods and services
• Chubb Workplace Benefits
• Combined Worksite Solutions

Quantifiable outcome

• 77% of employees would consider leaving their jobs due to poor benefits, demonstrating the importance of supplemental benefits in talent retention

Segments3 records

Ideal customer profiles3 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Partnerships

One partnership is on record.

• Chubbparent companyOthersCombined Insurance Company of America and Combined Life Insurance Company of New York are wholly-owned subsidiaries of Chubb Group Holdings Inc. The company operates under the Chubb Benefits brand as of January 2026, consolidating three businesses under the new identity.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Humana: Humana is a major health insurer that offers Medicare Supplement, supplemental, and group benefits products — overlapping with Combined's supplemental health portfolio within a much larger health insurance franchise.
• CVS Health (Aetna): CVS Health's Aetna segment offers individual and group supplemental health, accident, and hospital indemnity products — an incumbent competitor in the broader supplemental benefits market, though not specialized in the voluntary worksite channel.
• Allstate: Allstate (including Allstate Benefits) offers supplemental health, accident, critical illness, and disability products through employer/worksite channels — a broader incumbent with overlapping supplemental insurance capabilities.
• Cigna Group: Cigna is a large global health insurer offering supplemental, voluntary, and group benefits alongside its core health products — overlapping with Combined in the supplemental health category but operating at much broader scale.

Direct peers

• Aflac: Aflac is the U.S. market leader in supplemental insurance (accident, cancer, critical illness, hospital indemnity) sold through worksite/agent channels — directly comparable to Combined Insurance's core product portfolio and distribution model.
• Sun Life Financial: Sun Life U.S. provides group life, disability, and voluntary supplemental benefits through brokers and employers — directly comparable to Combined's Workplace Solutions division and supplemental product set.
• Globe Life: Globe Life (including Globe Life Direct and Family Heritage) sells supplemental cancer, accident, and life insurance through independent agents — directly comparable to Combined Insurance's agent-channel supplemental model.
• MetLife: MetLife offers group and individual life, disability, accident, and supplemental health benefits through employer and broker channels — directly competing with Combined Insurance's voluntary benefits offerings.
• Lincoln Financial Group: Lincoln Financial provides group life, disability, dental, and supplemental benefits products to U.S. employers and individuals via brokers and financial advisors — a comparable voluntary/supplemental benefits competitor.
• Unum Group: Unum is a major provider of disability, life, and supplemental health insurance in the U.S. workplace market, overlapping directly with Combined's Workplace Solutions division and disability/life product lines.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/CombinedIns
• Facebookfacebook.com/CombinedInsuranceUnitedStates
• LinkedInlinkedin.com/company/combined-insurance
• Instagraminstagram.com/combined_insurance

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Combined Insurance