The Biggest Insurance Companies

Insurance companies offer risk management to businesses, institutional clients, and people, thr

Insurance companies offer risk management to businesses, institutional clients, and people, through contracts. Even though there are different types of insurance companies, the primary goal is to reimburse or guarantee payment during the loss. Because of the pool risk features, insurance services have become more affordable to clients globally.

Generally, insurance companies provide policies for property, professional liability, accidents, homeownership, health, and accidents. This segment will highlight the top 10 biggest insurance companies in the world. It's a list of limited companies that have traded in Canada and the United States either directly or via ADRs.

The Stocks below have traded over the counter (OTC) in the United States, but not on exchange. Typically, trading OTC stocks provide more trading costs than trading stocks on exchanges.

Berkshire Hathaway (BRK.A)

·         Exchange: New York Stock Exchange

·         Revenue: $279.2 billion

·         1-Year Trailing Total Return: 3.3%

·         Net Income: $35.8 billion

·         Market Cap: $549.0 billion

Berkshire Hathaway Inc is one of America’s biggest insurance companies. The insurance has varieties of businesses in sectors like retailing, rail transportation, services, energy manufacturing, and utilities. Plus, it offers reinsurance of property and primary insurance, and casualty risks via companies like National Indemnity, Company, GEICO, Berkshire Hathaway Primary Group, and General Re.

Ping An Insurance (Group) Co. of China Ltd

·         Exchange: OTC

·         Revenue: 155.0 billion

·         1-Year Trailing Total Return: 9.0%

·         Net Income: $175.5 billion

·         Market Cap: $230.8 billion

Ping An Insurance offers financial services, insurance, and banking. It's among the top 50 companies listed on the Shanghai Stock Exchange. It came to light back in 1998. Further, it has subsidiaries such as Ping An Health, Ping An Life, Ping An Annuity, Ping An Property, and much more.

AXA SA(AXAHY)

·         Exchange: OTC

·         Revenue: $112.4 billion

·         1-Year Trailing Total Return: -9.1%

·         Net Income: $ 3.3 billion

·         Market Cap: $55.7 billion

AXA is one of the biggest health insurance companies in the United States specializing in life insurance, property and casualty insurance, asset management, and savings. Reports show that many insurance companies merged to form AXA back in the 1990s.

China Life Insurance Co.Ltd. (LFC) 

·         Exchange: New York Stock Exchange

·         Revenue: 111.1 billion

·         1-Year Trailing Total Return: -9.0%

·         Net Income: $7.2 billion

·         Market Cap: $64.0 billion

China Life Insurance is the best financial services company and the biggest state-owned insurance. Plus, a major player in the Chinese capital market is an institutional investor. It came to light back in 1949. It's the year People of the China got their Republic. Today, it has several subsidiaries across asset management, life insurance, investment holdings, pension plans, and property and casualty.

Allianz SE (ALIZY)

·         Exchange: OTC

·         Revenue: $97.5 billion

·         1-Year Trailing Total Return: -3.4%

·         Net Income: 7.7 billion

·         Market Cap: $98.0 billion

Allianz is one of the biggest insurance companies in Germany that offer products and services such as asset management and insurance. Additionally, it provides insurance products like life and health insurance, and property and casualty insurance for both individuals and corporate. Allianz is headquartered in Germany.

Assicurazioni Generali (ARZGY) 

·         Exchange: OTC

·         Revenue: $86.6 billion

·         1 Year Trailing Total Revenue: 3.9%

·         Net Income: 1.8 billion

·         Market Cap: $28.5 billion

Assicurazioni Generali is headquartered in Italy. As an international insurance company, it offers non-life, life, and reinsurance products. Although its biggest part is in Europe, it also has branches in Latin America and Asia.

The People’s Insurance Co. Group of China Ltd  

·         Exchange: OTC

·         Revenue: $85.5 billion

·         1 Year Trailing Total Revenue: 7.0%

·         Net Income: $4.0 billion

·         Market Cap: $14.9 billion

The People's Insurance Co. is managed by the Chinese government. It has several subsidiaries that offer health insurance products, life, pension, property, and reinsurance.  Also, it provides asset management services.

Aviva PLC (AVVIY)

·         Exchange: OTC

·         Revenue: 46.9 billion

·         1-Year Trailing Total Return: 8.5%

·         Net Income: $2.9 billion

·         Market Cap: $18.8 billion

Aviva PLC is the biggest health insurance company in the UK. It offers financial services, fire, and life insurance products, and aviation and motor insurance products. This UK-based insurance company specialized in General Insurance business and Life insurance.

Legal &General Group PLC (LGGNY)

·         Exchange: OTC

·         Revenue: $45.2 billion

·         Net Income: $1.6 billion

·         Market Cap: $21.8 billion

Legal &General Group insurance offers financial services and insurance products in London. Plus, it provides general, asset management, savings, and retirement insurance products.

Prudential PLC (PUK)

·         Exchange: New York Stock Exchange

·         Revenue: $35.1 billion

·         1-Year Trailing Total Return: 6.7%

·         Net Income: $0.7 billion

·         Market Cap: $49.9 billion

Prudential PLC offers investment and insurance services in London. Plus, other products such as financial services, accident, life, pensions, health, mortgages, and equity plans. Besides, it serves customers in global markets including in the UK and its home market.