There are numerous ways to rank insurance companies and figure out which are the best insurance companies. The insurance companies can be measured based on their market capitalization (the value of the company on a stock exchange) or by using sales figures, like net premiums written in the year or the number of policies that were sold. In this article, we are going to provide information regarding the 5 largest insurance companies in the US in terms of market cap.
Largest Insurance Companies by Market Capitalization
If we measure the market capitalization, it is the total value of any company’s stock. You can calculate the value by multiplying the total number of a company’s shares by the current share value. It is a swift way of discovering the value of an insurance company for investors.
Insurance companies with huge market caps are usually established based on conservative investments. Most likely, they experience consistent growth and provide the least amount of risk. Mid-market cap firms are also set up but have very high growth potential. Finally, small-cap companies are often new firms with high growth potential. Therefore, investing in such companies poses the greatest risk as they are more vulnerable to economic fallout than the more established large and mid-cap firms.
Investors can purchase shares of publicly-traded firms in the insurance industry. The 5 largest non-health insurance companies by market capitalization in the world are as follows:
5 Largest Insurance Companies of US by Market Cap
1) Berkshire Hathway:
Berkshire Hathway is a renowned US conglomerate that offers insurance services as well. The company has a market capitalization of $636 Billion that is staggering. Insurance and reinsurance business activities are operated via approximately 70 domestic and foreign-based insurance firms. Berkshire’s insurance businesses offer insurance and reinsurance of property and casualty risks essentially in the United States.
2) Ping An Insurance:
Ping An of China is a conglomerate that mainly deals with insurance, asset management, financial services, healthcare, auto services, banking, and smart city. Ping An Insurance Group was initiated in 1988 as a property and casualty insurance company. The company has a market capitalization of $166 Billion.
3) AIA Group:
AIA Group Limited, commonly called AIA, is a multinational insurance and finance corporation. It is the biggest publicly listed life insurance and securities firm in Asia-Pacific and is established in Hong Kong. The company has a market capitalization of $154 Billion.
4) China Life Insurance:
China Life Insurance Company Limited is a Chinese-based insurance company that offers life insurance and annuity products. China Life is ranked No. 94 on Fortune 500 list. The company has a market capitalization of $114 Billion. The firm provides a number of insurance products, which include individual and group life insurance, health insurance, and accident insurance products
5) Allianz:
Allianz SE is a German multinational company firm headquartered in Munich, Germany. The company mainly deals in insurance and asset management. The company has a market cap of $104 Billion. Allianz has operations in more than 70 countries and has around 150,000 employees.
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