How to 10 Biggest Insurance Companies

BRK.B, PNGAY, and ALIZY Lead the 10 Biggest Insurance Companies List
By
NATHAN REIFF

Updated May 04, 2023
Reviewed by
THOMAS J. CATALANO
Fact checked by KIRSTEN ROHRS SCHMITT
Insurance companies provide risk management to individuals, businesses, and institutional clients. Although there are a multitude of different types of insurance companies, the protection guarantees payment or reimbursement in the event of losses for the insured.
Insurance companies offer policies offering coverage for losses related to accidents, health, property, homeownership, professional liability, malpractice, and casualty, among other areas.
These are the 10 biggest insurance companies by revenue as of Dec. 22, 2022. This list is limited to companies that are publicly traded in the U.S. or Canada, either directly or through ADRs.
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10 Biggest Insurance Companies
BRK.B, PNGAY, and ALIZY Lead the 10 Biggest Insurance Companies List
By
NATHAN REIFF

Updated May 04, 2023
Reviewed by
THOMAS J. CATALANO
Fact checked by KIRSTEN ROHRS SCHMITT
Insurance companies provide risk management to individuals, businesses, and institutional clients. Although there are a multitude of different types of insurance companies, the protection guarantees payment or reimbursement in the event of losses for the insured.
Insurance companies offer policies offering coverage for losses related to accidents, health, property, homeownership, professional liability, malpractice, and casualty, among other areas.
These are the 10 biggest insurance companies by revenue as of Dec. 22, 2022. This list is limited to companies that are publicly traded in the U.S. or Canada, either directly or through ADRs.
KEY TAKEAWAYS
• Berkshire Hathaway is the leading insurance company by revenue.
• Insurance companies offer policies for losses due to accidents, health issues, property damage, and professional liability.
• Some of the largest insurance companies hold market positions in the United States, Latin America, Asia, Europe, the Middle East, and Africa
of the stocks below are only traded over-the-counter (OTC) in the U.S., not on exchanges. Trading OTC stocks often carry higher trading costs than trading stocks on exchanges. This can lower or outweigh potential returns.
#1 Berkshire Hathaway (BRK.B)
• Revenue: $253.9 billion
• Net Income: -$1.3 billion
• Market Cap: $663.6 billion
• 1-Year Trailing Total Return: 4.3%
• Exchange: New York Stock Exchange
Berkshire Hathaway Inc is a major conglomerate and one of the nation's premier insurance companies, with additional holdings in sectors such as rail transportation, utilities and energy, manufacturing, services, and retailing
Berkshire provides primary insurance, as well as reinsurance of property and casualty risks through companies such as GEICO, Berkshire Hathaway GUARD Insurance Companies, Gateway Underwriters Agency, General Re, and National Indemnity Company.2
#2 Ping An Insurance (Group) Co. of China Ltd. (PNGAY)
• Revenue: $156.2 billion
• Net Income: $14.7 billion
• Market Cap: $114.8 billion
• 1-Year Trailing Total Return: -7.5%
• Exchange: OTC Markets
• Ping An Insurance provides insurance, financial services, and banking. It is one of the top 50 companies listed on the Shanghai Stock Exchange.3
• Founded in 1988, it was China's first joint-stock insurance company.4 Its subsidiaries include Ping An Life, Ping An Property & Casualty, Ping An Annuity, and Ping An Health.5