5 Biggest Insurance Companies

Risk management is a service offered by insurance companies to their institutional, commercial, and individual clients. The protection ensures payment or reimbursement in the event of losses for the insured, despite the fact that there are numerous different types of insurance companies.
Insurance companies offer policies that cover losses in a variety of categories, including casualty, professional liability, health, property, and homeownership losses.
As of December 22, 2022, these are the top 10 insurance companies by revenue. Only businesses that trade publicly in the United States or Canada, directly or via ADRs, are included on this list.

1. The first Berkshire Hathaway (BRK.B)
$253.9 billion in revenue
Profit: -$1.3 billion
Capitalization: $663.6 billion
4.3% is the 1-year trailing total return.
New York Stock Exchange.
One of the top insurance companies in the country, Berkshire Hathaway Inc. is a large conglomerate with additional holdings in industries like rail transportation, utilities and energy, manufacturing, services, and retailing.

2. Through organizations like GEICO, Berkshire Hathaway GUARD Insurance Companies, Gateway Underwriters Agency, General Re, and National Indemnity Company, Berkshire offers primary insurance as well as reinsurance of property and casualty risks.
Ping An Insurance (Group) Co. of China Ltd. is ranked second. (PNGAY)
$156.2 billion in revenue
Profit: $14.7 billion
Capitalization: $114.8 billion
Total Return for the Past Year: -7.5%
OTC Markets, as an exchange
Ping An Insurance offers banking, financial, and insurance services. It ranks among the top 50 businesses traded on the Shanghai Stock Exchange.
It was China’s first joint-stock insurance company when it was established in 1988.

3. Ping An Life, Ping An Property & Casualty, Ping An Annuity, and Ping An Health are some of its subsidiaries.
Third Allianz SE (ALIZY)
$137.4 billion in revenue
Profit: $7.8 billion
Capitalization: $85.3 billion
Total Return for the Past Year: -1.85%
OTC Markets, as an exchange

4. Leading global provider of financial services, Allianz offers a range of goods and services, including asset management and insurance. For both corporate and private clients, it provides insurance products such as health and life insurance as well as property and casualty policies. Germany serves as the company’s headquarters.
#4 AXA SA (AXAHY)
income of $107.6 billion
Profit: $8.2 billion
Capitalization: $64.6 billion
5.8% is the 1-year trailing total return.

5. OTC Markets, as an exchange
AXA is one of the top insurance groups in the world, with significant operations in savings, asset management, life insurance, and property and casualty insurance. In the 1990s, several insurance providers merged to form AXA.
#5 Inc. MetLife (MET)
Bringing in $71.6 billion
Profit: $2.4 billion
Capitalization: $56.3 billion
26.2% is the 1-year trailing total return.
New York Stock Exchange.
The leading provider of insurance, annuities, and employee benefit plans worldwide is MetLife, Inc. MetLife has market positions in the United States, Japan, Latin America, Asia, Europe, the Middle East, and Africa thanks to its numerous subsidiaries and affiliates.

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