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Top ten Insurance Companies in the World

Top ten Insurance Companies in the World

Insurance firms use contracts to manage risk for individuals, corporations, and institutions. Furthermore, we conducted a survey and a list of the top ten insurance companies in the world.

Even though there are many different types of insurance businesses. The essential premise is that the insurer promises payment or compensation to the insured in the event of a loss.

Insurers have given consumers reasonable rates due to pooled risk in many circumstances.

Insurance firms cover losses in various categories. Such as accidents, health, property, homeownership, professional liability, malpractice, and casualty.

By 12-month trailing revenue, these are the top 10 insurance companies.

This list is restricted to publicly traded firms in the United States or Canada, either directly or through American Depository Receipts (ADRs).

Some businesses outside of the United States disclose profits semi-annually rather than quarterly.

As a result, the 12-month trailing statistics for organisations that report quarterly may be older.

Top ten Insurance Companies in the World

Berkshire Hathaway (BRK.A)

  • Revenue (TTM): $279.2 billion
  • Net Income (TTM): $35.8 billion
  • Market Cap: $549.0 billion
  • 1-Year Trailing Total Return: 3.3%
  • Exchange: New York Stock Exchange

Berkshire Hathaway Inc. is a multibillion-dollar corporation that owns many businesses. For example,  transportation, utilities and energy, manufacturing, services, and retailing, among other industries.

Through companies Such as GEICO, Berkshire Hathaway Reinsurance Group, Berkshire Hathaway Primary Group, General Re, and National Indemnity Company.

Conversely, Berkshire Hathaway provides primary insurance as reinsurance of property and casualty risks.

Top ten Insurance Companies in the World

Ping An Insurance (Group) Co. of China Ltd.

  • Revenue (TTM): $155.0 billion
  • Net Income (TTM): $17.5 billion
  • Market Cap: $230.8 billion
  • 1-Year Trailing Total Return: 9.0%
  • Exchange: OTC

Ping An Insurance specialises in insurance, banking, and financial services. So, On the Shanghai Stock Exchange, it is one of the top 50 firms listed.

Therefore, it was the first joint-stock insurance firm in China, established in 1988. Furthermore, we conducted a survey.

And make a list of the top ten insurance companies in the world.

Ping An Life, Ping An Property & Casualty, Ping An Annuity, and Ping An Health are just a few of the company’s various subsidiaries.

Top ten Insurance Companies in the World

AXA SA

  • Revenue (TTM): $112.4 billion
  • Net Income (TTM): $3.3 billion
  • Market Cap: $55.7 billion
  • 1-Year Trailing Total Return: -9.1%
  • Exchange: OTC

AXA is a global insurance conglomerate with significant property and casualty insurance, life insurance, savings, and asset management operations.

Therefore, In the 1990s, several insurance companies joined to form AXA. It operates in all of the world’s leading markets.

China Life Insurance Co. Ltd. (LFC)

China Life Insurance Co. Ltd. (LFC)

  • Revenue (TTM): $111.1 billion
  • Net Income (TTM): $7.2 billion
  • Market Cap: $64.0 billion
  • 1-Year Trailing Total Return: -9.0%
  • Exchange: New York Stock Exchange

China Life Insurance is a primary state-owned insurance and financial services company on the Chinese mainland. Moreover, significant institutional investors in the Chinese stock market.

Therefore, The firm was established in 1949, the same year as the People’s Republic of China. Furthermore, we conducted a survey.

And make a list of the top ten insurance companies in the world.

Moreover, This corporation now offers a diverse range of subsidiaries, including life insurance. Such as pension plans, asset management, property and casualty insurance, and investment interests.

Allianz SE (ALIZY)

Allianz SE (ALIZY)

  • Revenue (TTM): $97.5 billion
  • Net Income (TTM): $7.7 billion
  • Market Cap: $98.0 billion
  • 1-Year Trailing Total Return: -3.4%
  • Exchange: OTC

Allianz is a global financial services firm that offers a wide range of products and services, including insurance and asset management. Furthermore, we conducted a survey.

And make a list of the top ten insurance companies in the world.

Moreover, it offers insurance products for business and individual customers ranging from property and casualty policies to health and life insurance. The headquarters of the corporation are in Germany.

Assicurazioni Generali (ARZGY)

Assicurazioni Generali (ARZGY)

  • Revenue (TTM): $86.6 billion
  • Net Income (TTM): $1.8 billion
  • Market Cap: $28.5 billion
  • 1-Year Trailing Total Return: 3.9%
  • Exchange: OTC

Assicurazioni Generali is an international insurance company with headquarters in Italy. So, most importantly, Life, non-life, and reinsurance products are all available through the company.

While Europe accounts for most of Assicurazioni Generali’s business, the company is expanding in Asia and Latin America.

The People's Insurance Co. (Group) of China Ltd. (PINXY)

The People’s Insurance Co. (Group) of China Ltd. (PINXY)

  • Revenue (TTM): $85.5 billion
  • Net Income (TTM): $4.0 billion
  • Market Cap: $14.9 billion
  • 1-Year Trailing Total Return: 7.0%
  • Exchange: OTC

The People’s Insurance Co. (Group) of China Ltd. is a holding business specialising in insurance. Furthermore, we conducted a survey.

And make a list of the top ten insurance companies in the world. Such as Property insurance, health insurance, life insurance, reinsurance, Hong Kong insurance, and pension insurance.

On the other hand, operational insurance is the company’s core business and its subsidiaries.

Property insurance options for businesses and people include motor vehicle insurance. Such as agriculture insurance, property insurance, and liability insurance.

Moreover, Health and medical insurance products are the mainstays of the health insurance industry.

Life insurance products, such as participation, endowments, annuities, and universal life insurance, are the mainstays of the life insurance industry.

Property insurance is a part of the Hong Kong insurance sector. So, Business annuities and occupational annuities are both parts of the pension insurance business.

Top ten Insurance Companies in the World

Aviva PLC

  • Revenue (TTM): $46.9 billion
  • Net Income (TTM): $2.9 billion
  • Market Cap: $18.8 billion
  • 1-Year Trailing Total Return: 8.5%
  • Exchange: OTC

U.K.-based Aviva PLC is a global insurance firm that specialises in transportation. As well as, specialises in aviation, marine, fire, automobile, and life insurance and a variety of financial services.

Moreover, UK Life and General Insurance businesses are market leaders in their respective home markets in the United Kingdom.

Top ten Insurance Companies in the World

Legal & General Group PLC

  • Revenue (TTM): $45.2 billion
  • Net Income (TTM): $1.6 billion
  • Market Cap: $21.8 billion
  • 1-Year Trailing Total Return: 0.9%
  • Exchange: OTC

Legal & General Group plc (L&G) is a British international financial service. Such as an asset management corporation headquartered in London, England. 

As well as, Investment management, lifetime mortgages (a type of equity release), pensions, annuities, and life assurance are among its goods and services.

Following the transfer of Legal & General Insurance to Allianz in January 2020. So, it will no longer sell general insurance.

Moreover, it operates in the United Kingdom, the United States, the Gulf, Europe, and Asia, managing investments.

Top ten Insurance Companies in the World

Prudential PLC

  • Revenue (TTM): $35.1 billion
  • Net Income (TTM): -$0.7 billion
  • Market Cap: $49.9 billion
  • 1-Year Trailing Total Return: 6.4%
  • Exchange: New York Stock Exchange

Prudential plc is based in London, England, a British global insurance firm. Moreover, In May 1848, it was established in London to give loans to professionals and workers.

Moreover, it is a member of the FTSE 100 Index and has dual primary listings on the London and Hong Kong Stock Exchanges.

It’s also traded on the New York Stock Exchange and the Singapore Exchange as a secondary listing.

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