This is a list of the top 10 insurance providers in the country

Ir. Admin
2022 October 17T14:13
Insurance Company

Insurance firms negotiate contractual arrangements with customers to mitigate risk. There are many different kinds of insurers, but they all work on the same principle: if the insured suffers a loss, the insurer will compensate them monetarily or otherwise. Insurers have traditionally been able to provide competitive rates by pooling risk from numerous customers. Accident, health, property, homeowner’s, professional liability, malpractice, and casualty insurance are just some of the policies offered by insurance companies.

Based on their 12-month trailing revenues, these are the top 10 insurance providers. Companies on this list can only be purchased through regular stock trading or ADRs in the United States or Canada. It’s possible that the 12-month trailing data isn’t as up-to-date as it would be for companies that report quarterly in the U.S. because some companies outside the U.S. report profits semi-annually instead of quarterly. YCharts.com provided us with this data.

#1 Berkshire Hathaway (BRK.A)

Revenue (TTM): $279.2 billion
Net Income (TTM): $35.8 billion
Market Cap: $549.0 billion
1-Year Trailing Total Return: 3.3%
Exchange: New York Stock Exchange

As a leading insurance provider in the United States, Berkshire Hathaway Inc. also operates in the rail transportation, utility and energy, manufacturing, service, and retail industries, among others. Through subsidiaries like GEICO, Berkshire Hathaway Reinsurance Group, Berkshire Hathaway Primary Group, General Re, National Indemnity Company, and others, Berkshire offers both primary and reinsurance for property and casualty risks.

#2 Ping An Insurance (Group) Co. of China Ltd. (PNGAY)

Revenue (TTM): $155.0 billion
Net Income (TTM): $17.5 billion
Market Cap: $230.8 billion
1-Year Trailing Total Return: 9.0%
Exchange: OTC

Among Ping An Insurance’s many activities, insurance, finance, and banking are its mainstays. On the Shanghai Stock Exchange, it is among the top 50 companies. 2 It was established in 1988 and was the pioneering joint-stock insurance firm in China. Ping An Life, Ping An Property & Casualty, Ping An Annuity, and Ping An Health are just a few of its many subsidiaries.

#3 AXA SA (AXAHY)

Revenue (TTM): $112.4 billion
Net Income (TTM): $3.3 billion
Market Cap: $55.7 billion
1-Year Trailing Total Return: -9.1%
Exchange: OTC

AXA is a major global insurer and financial services provider. Its main lines of business include property and casualty insurance, life insurance, savings, and asset management. During the 1990s, several different insurance firms merged to form AXA. This company has a presence in every significant economy around the world.

#4 China Life Insurance Co. Ltd. (LFC)

Revenue (TTM): $111.1 billion
Net Income (TTM): $7.2 billion
Market Cap: $64.0 billion
1-Year Trailing Total Return: -9.0%
Exchange: New York Stock Exchange

When it comes to the Chinese capital market, China Life Insurance is a major player thanks to its role as an institutional investor and the fact that it is one among the largest mainland state-owned insurance and financial service providers. In 1949, the same year that the People’s Republic of China was established, the company was launched. There are now many different divisions within the parent company that specialize in things like life insurance, retirement savings, asset management, property and casualty insurance, and investment portfolios.

#5 Allianz SE (ALIZY)

Revenue (TTM): $97.5 billion
Net Income (TTM): $7.7 billion
Market Cap: $98.0 billion
1-Year Trailing Total Return: -3.4%
Exchange: OTC

Insurance and asset management are just two of the many products and services offered by Allianz, a world-renowned leader in the financial services industry. It caters to both commercial and individual clients by providing a wide variety of insurance options, from property and casualty to health and life. The headquarters of the corporation can be found in Germany.

#6 Assicurazioni Generali (ARZGY)

Revenue (TTM): $86.6 billion
Net Income (TTM): $1.8 billion
Market Cap: $28.5 billion
1-Year Trailing Total Return: 3.9%
Exchange: OTC

Assicurazioni Generali, with headquarters in Italy, is a major insurer around the world. Many different types of insurance, including life, non-life, and reinsurance, are available from this firm. Assicurazioni Generali has a sizable customer base in Europe, but it is expanding rapidly in Asia and Latin America.

#7 The People’s Insurance Co. (Group) of China Ltd. (PINXY)

Revenue (TTM): $85.5 billion
Net Income (TTM): $4.0 billion
Market Cap: $14.9 billion
1-Year Trailing Total Return: 7.0%
Exchange: OTC

The People’s Insurance Co. is a holding company that provides property, life, pension, and health insurance, as well as reinsurance and other products and services; the Chinese government is the company’s largest shareholder. Investment management is another service provided by the firm.

#8 Aviva PLC (AVVIY)

Revenue (TTM): $46.9 billion
Net Income (TTM): $2.9 billion
Market Cap: $18.8 billion
1-Year Trailing Total Return: 8.5%
Exchange: OTC

U.K.-based Insurance, banking, and other financial services are just some of the many offerings from Aviva PLC, a global insurance provider. The UK divisions of both its life and general insurance businesses are among the most successful in the country.3

#9 Legal & General Group PLC (LGGNY)

Revenue (TTM): $45.2 billion
Net Income (TTM): $1.6 billion
Market Cap: $21.8 billion
1-Year Trailing Total Return: 0.9%
Exchange: OTC

The London-based Legal & General Group is an insurance and financial services provider. The company serves clients all over the world by providing investment services, retirement plans, savings plans, and various types of insurance.

#10 Prudential PLC (PUK)

Revenue (TTM): $35.1 billion
Net Income (TTM): -$0.7 billion
Market Cap: $49.9 billion
1-Year Trailing Total Return: 6.4%
Exchange: New York Stock Exchange

London-based Prudential PLC provides a wide array of insurance and investment services, including life, health, accident, property, and casualty plans in addition to pensions, equity plans, mortgages, and more. When it comes to customer service, Prudential doesn’t just focus on its home market of the United Kingdom.