Lifestyle & Insurance

The World’s Top 10 Insurance Companies

Top 10 Insurance Companies – Insurance companies employ contracts to control risk for individuals, businesses, and organizations. Despite the fact that there are many various types of insurance companies, the basic assumption is that in the event of a loss, the insurer promises reimbursement or compensation to the insured.

Because of pooled risk, insurers have been able to offer consumers fair prices in many cases. Accidents, health, property, home-ownership, professional liability, malpractice, and casualty are only some of the types of losses that insurance companies cover against.

These are the top 10 insurance companies based on 12-month trailing revenue. Firms that are publicly traded in the United States or Canada, either directly or through American Depository Receipts, are excluded from this list (ADRs). Because some companies outside of the US report earnings semi-annually rather than quarterly, the 12-month trailing numbers may be older than those for companies reporting quarterly. The data was given by YCharts.com.

READ ALSO: The World’s 10 Most Expensive Automobiles

1. The Berkshire Hathaway Company (BRK.A)

Revenue (TTM): $279.2 billion
Net Income (TTM): $35.8 billion
Market Cap: $549.0 billion
Return on Investment for the Previous Year: 3.3 Percent
The New York Stock Exchange is the name of the exchange.

In addition to being a significant conglomerate and one of the most prestigious insurance providers in the country, Berkshire Hathaway Inc. owns operations in a variety of other industries as well, including rail transportation, utilities and energy, manufacturing, services, and retailing. Through subsidiaries and affiliates such as GEICO, Berkshire Hathaway Reinsurance Group, Berkshire Hathaway Primary Group, General Re, National Indemnity Company, and others, Berkshire provides both primary and reinsurance coverage for property and casualty risks.

2. The Ping An Insurance (Group) Company of China, Limited (PNGAY)
Revenue (Trending Monthly Average): $155.0 billion
$17.5 billion in Net Income Year-to-Date
Market Cap: $230.8 billion
Return on Investment Over the Past Year: 9.0 Percent
Exchange: OTC

The primary activities that Ping An Insurance is engaged in include banking, financial services, and insurance. On the Shanghai Stock Exchange, it is ranked among the top 50 businesses by market capitalization. 2 It was the first joint-stock insurance firm in China, and it was established in 1988. Ping An Life, Ping An Property & Casualty, Ping An Annuity, and Ping An Health are among its many subsidiaries. The company also has a number of additional subsidiaries.

3. The revenue for AXA SA (AXAHY) for the trailing twelve months was $112.4 billion
Annualized Net Profit: $3.3 Billion Year-to-Date
Market Cap: $55.7 billion
During the past year, the total return has been negative 9.1 percent.
Exchange: OTC
AXA is one of the most successful and well-known insurance companies in the world, having significant operations in the fields of property and casualty insurance, life insurance, savings, and asset management. In the 1990s, a number of different insurance companies came together to form AXA. It is active in all of the major markets throughout the world.

4. China Life Insurance Company, Ltd. (LFC)
Revenue (TTM): $111.1 billion
Net Income (TTM): $7.2 billion
Market Cap: $64.0 billion
During the past year, the total return has been negative nine percent.
The New York Stock Exchange is the name of the exchange.
China Life Insurance is not only an important participant in the Chinese capital market as an institutional investor but also one of the most important and largest state-owned insurance and financial services organizations on the mainland of China. It was in 1949, the same year that the People’s Republic of China was established, that the corporation was established. These days, the parent business oversees a large number of subsidiaries that specialize in areas such as life insurance, asset management, pension plans, property and casualty insurance, and investment holdings.

5. Allianz SE (ALIZY) Revenue (TTM): $97.5 billion
Total Annualized Net Profit: $7.7 Billion
Market Cap: $98.0 billion
Total Return on Investment for the Past Year: -3.4 Percent
Exchange: OTC
Allianz is a significant global provider of a wide range of products and services in the financial services industry, including asset management and insurance. It provides a variety of insurance products, such as health and life insurance, as well as policies for property and casualty insurance, to both corporate and individual clients. Germany is the location of the company’s main office.

6. Assicurazioni Generali (ARZGY)
Revenue (TTM): $86.6 billion
Net Income (TTM): $1.8 billion
Market Cap: $28.5 billion
Return on Investment for the Previous Year: 3.9 Percent
Exchange: OTC
Assicurazioni Generali is a multinational company that provides insurance and has its headquarters in Italy. The business provides a wide range of life, non-life, and reinsurance products to its customers. Although a significant amount of Assicurazioni Generali’s business is conducted in Europe, the company is making increasing inroads in both Asia and Latin America.

7. The People’s Insurance Co., Ltd. of China (Group) (PINXY)
Revenue (TTM): $85.5 billion
Net Income (TTM): $4.0 billion
Market Cap: $14.9 billion
Return on Investment Over the Past Year: 7.0 Percent
Exchange: OTC
The People’s Insurance Co. operates a number of subsidiaries, including those that provide property, life, pension, and health insurance products, as well as reinsurance and a variety of other offerings. The Chinese central government is the controlling shareholder in the company, and it is this shareholder that allows it to operate. Additionally, the organization provides services in the management of assets.

8. Aviva PLC (AVVIY) Revenue (TTM): $46.9 billion
Net Income (TTM): $2.9 billion
Market Cap: $18.8 billion
Return on Investment Over the Past Year: 8.5 Percent
Exchange: Over-the-counter based in the UK Aviva PLC is a multinational insurance corporation that provides a variety of insurance products and services, including life, aviation, marine, fire, automobile, and transport insurance, as well as fire and motor insurance. Both of its UK businesses, Life and General Insurance, are industry leaders in their respective home markets in the United Kingdom.3

9. The Legal & General Group (Private) Limited (LGGNY)
Revenue (TTM): $45.2 billion
Net Income (TTM): $1.6 billion
Market Cap: $21.8 billion
Return on Investment Over the Past Year: 0.9 Percent
Exchange: OTC Legal & General Group is a financial services and insurance provider that has its headquarters in London. The organization serves clients all over the world and offers a wide variety of products in the areas of asset management, retirement planning, savings, and general insurance.

10. Prudential PLC (PUK) Revenue (TTM): $35.1 billion
Net Income (TTM): -$0.7 billion
Market Cap: $49.9 billion
Total Return on Investment for the Previous Year: 6.4%
The New York Stock Exchange is the name of the exchange.
Prudential PLC is an insurance and investment services provider that has its headquarters in London. The company offers a wide variety of products, including pensions, equity plans, mortgages, and other financial services in addition to life, health, accident, property, and casualty insurance policies. In addition to serving customers in its native market of the United Kingdom, Prudential is also active in all of the main worldwide markets.

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