Insurance companies come in a wide range of sizes. There are many ways to measure the size of an insurance company, including market capitalization and sales figures, such as net premiums written in a year or how many policies were sold.
Here are the top 10 largest insurance companies by market cap, share, and revenues.
- Insurance companies are severe players in the global economic game, but they might not be as flashy as banks or hedge funds.
- When ranking insurance companies, it’s essential to categorize them according to their product line.
- Market capitalization tells you the value of a company’s outstanding shares.
- Some insurance companies are both direct and mutual in ownership, and policyholders retain their rights to the business, meaning that everyone owns everyone else’s company.
- The number one thing that matters when ranking insurance companies is categorizing them according to their product line and then comparing them side-by-side on different dimensions, such as assets, liabilities, and revenues.
Largest Insurance Companies by Market Capitalization
Market capitalization, or market cap, is the total value of a company’s stock, and it is calculated by multiplying the number of outstanding shares by the current share price. This is a quick way of determining a company’s value in investors’ eyes. Companies with large market caps are generally established conservative investments.
They likely experience steady growth and offer the least amount of risk. Mid-cap companies are also established but have high growth potential. Lastly, small-cap companies are often new companies with high growth potential. Investing in these companies poses the most significant risk because they are more vulnerable to economic downturns than the more established large and mid-cap companies.
Investors can buy shares of publicly-traded companies in the insurance industry. The largest non-health insurance companies by market capitalization on the world stock exchanges as of Q2 2022 are:
Publicly Traded Non-health Insurance Companies
Company NameMarket Capitalization
1. Berkshire Hathaway (U.S.) $714 billion
2. Ping An Insurance (China) $141 billion
3. AIA Group (Hong Kong) $123 billion
4. China Life Insurance (China) $106 billion
5. Allianz (Germany) $89 billion
6. Cigna (US) $76 billion
7. Zurich Insurance (Switzerland) $67 billion
8. AXA (France) $65 billion
9. Humana (U.S.) $55 billion
10. Munich (Germany) $39 billion
Market cap data as of March 1, 2022. Source: Yahoo! Finance