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7 Biggest Insurance Companies

7 Biggest Insurance Companies


Insurance companies provide risk management to individuals, businesses, and institutional clients through contracts. Although there are a multitude of different types of insurance companies, the basic principle is that the insurer guarantees payment or reimbursement in the event of losses for the insured. Thanks to pooled risk, insurers historically have been able to offer clients affordable rates in many cases. Insurance companies offer policies offering coverage for losses related to accidents, health, property, homeownership, professional liability, malpractice, and casualty, among other areas.

These are the 7 biggest insurance companies by 12-month trailing revenue. This list is limited to companies that are publicly traded in the U.S. or Canada, either directly or through ADRs. Some companies outside the U.S. report profits semi-annually instead of quarterly, so the 12-month trailing data may be older than it is for companies that report quarterly. Data is courtesy of YCharts.com.1 All figures as of Jan. 21, 2021.

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1 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 major conglomerate and one of the main insurance companies in the nation, which also has companies in sectors such as rail transport, utilities and energy, manufacturing, services and sales by retail. Berkshire provides primary insurance, as well as the reinsurance of ownership and victim risks through companies such as Geico, Berkshire Hathaway Reinsurance Group, main group of Berkshire Hathaway, General Re, National Compensation Society and others.

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

  • 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 insurance is involved mainly in insurance, financial services and banking. This is one of the 50 largest companies listed on the Shanghai SE founded in 1988, China's first mother insurance company. Its affiliates include ping a life, ping a property and a victim, ping an annuity and ping a health, among many others.

3 AXA SA (AXAHY)

  • 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 one of the world's leading insurance groups with important business and victims' insurance companies, life insurance, savings and asset management. Several insurance companies have merged to create AXA in the 1990s. This does business on all major global markets.

4 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

Life insurance in China is one of the largest insurance companies and financial services belonging to the state of the continent, as well as a key player in the Chinese capital market as an institutional investor. The company was founded in 1949, Year of the People's Republic if China was founded. The company now has many subsidiaries spread over life insurance, pension plans, asset management, property and victim and investment.

5 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 leading global financial services company, providing insurance products and services to asset management. It offers insurance products ranging from ownership policies and victims to health insurance and the lives of businesses and individual customers.

6 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

The head office in Italy, Assicurazioni Generali is an international insurance provider. The company offers a variety of products of life, non-life and reinsurance. Although much of the activities of the Assicurazioni Generali is in Europe, it has a growing presence in Asia and Latin America.

7 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

With the Chinese central government as a control shareholder, the popular insurance co. operates a number of subsidiaries providing property insurance, life, pension and health products, as well as than reinsurance and various other offers. The company also offers asset management services.

Source: https://www.investopedia.com/

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