Largest Insurance Company in the World, List of Top-10

Insurance plays an important role in protecting individuals, businesses and properties from unexpected risks and uncertainties. As the global economy evolves, insurance companies continue to expand their reach and influence, offering a diverse range of products and services to meet dynamic market needs. In this article, we explore Top 10 largest insurance companies in the worldBased on their net worth, market capitalization and global presence.

What is an insurance company?

One Insurance company A financial institution that offers various types of insurance policies to individuals and businesses in exchange for premium payments. These policies provide protection against financial loss caused by unexpected events such as accidents, illnesses, natural disasters or death. Insurance companies assess risks, collect premiums and compensate policyholders for covered losses according to the terms of the insurance contract.

World’s largest insurance company 2024

Berkshire Hathaway Inc., value data A staggering $663.6 billion in market capitalizationstands as Globally leading insurance company in 2024, with Revenue commanding $253.9 billionBerkshire Hathaway’s diversified portfolio includes primary insurance and reinsurance of property and casualty risks. Its subsidiaries, including GEICO, General Re, and National Indemnity Company, strengthen their dominance in the insurance sector with investments in rail transportation, utilities, manufacturing, services, and retailing.

Top 10 largest insurance companies in the world by 2024

Berkshire Hathaway ink., with Market capitalization of $663.6 billionclaims the title of The world’s largest insurance company, It is followed by Ping An Insurance (Group) Co. of China Limited and Allianz SE.

Here is the list of top 10 largest insurance companies in the world by 2024:

World’s largest insurance companies 2024
Post Insurance company anchor Income Market capitalization
1. Berkshire Hathaway BRK.B $253.9b $663.6b
2. Ping An Insurance (Group) Company of China Limited PNGAY $156.2b $114.8b
3. Allianz SE elizee $137.4b $85.3b
4. axa sa Exahi $107.6b $64.6b
5. MetLife Inc. meet $71.6b $56.3b
6. Prudent PLC puk $63.5b $36.2b
7. American International Group Inc. AIG $59B $46.7b
8. Allstate Corporation All $52.6b $35.5b
9. progressive corporation PGR $47.7b $74.4b
10. Chubb Limited CB $42.1b $89.1b

World’s largest insurance company – Berkshire Hathaway

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Ticker: BRK.B

Revenue: $253.9 billion

Net income: -$1.3 billion

Market capitalization: $663.6 billion

Berkshire Hathaway, listed on New York Stock Exchangestands as The world’s largest insurance company with revenues of $253.9 billion. Despite net income of -$1.3 billion, its market cap is An impressive $663.6 billion, Known for its diverse holdings, Berkshire provides primary and reinsurance services in a variety of sectors including rail transportation, utilities, energy, manufacturing and retailing through subsidiaries such as GEICO and General Re.

World’s second largest insurance company – China’s Ping An Insurance (Group) Company

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Ticker: PNGAY

Revenue: $156.2 billion

Net income: $14.7 billion

Market capitalization: $114.8 billion

Ping An Insurance (Group) Company of China Limited, Ranks as The world’s second largest insurance company, listed on OTC markets. with Revenue of $156.2 billion and a Net income of $14.7 billionit claims Market capitalization of $114.8 billion, founded in 1988Ping An is China’s leading joint-stock insurance company, offering a range of insurance, financial and banking services through subsidiaries such as Ping An Life and Ping An Property & Casualty.

World’s third largest insurance company – Allianz SE

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Ticker: ELIZIE

Revenue: $137.4 billion

Net income: $7.8 billion

Market capitalization: $85.3 billion

Ranked as World’s third largest insurance company, Allianz SE, Listed on OTC markets, Report A Revenue of $137.4 billion and net income of $7.8 billion, which has a market cap of $85.3 billion. Headquartered in Germany, Allianz is a renowned global financial services provider with its expertise in wealth management as well as offering a wide range of insurance products ranging from property and casualty policies to health and life insurance to both corporate and individual clients. Is.

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