Top 5 Global Insurance 2023
Insurance Companies in 2023
Here are the top 5 insurance companies in the world by market capitalization as of 2023:
1. Ping An Insurance Group Co. of China Ltd.
2. Berkshire Hathaway Inc.
3. Axa SA
4. China Life Insurance Co. Ltd.
5. AIG (American International Group)
#1. Ping An Insurance Group Co. of China Ltd.
- 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 Group Co. of China Ltd. is a Chinese multinational financial services company headquartered in Shenzhen, China.
It was founded in 1988 and is now one of the largest insurance companies in the world.
The company provides a wide range of financial services including insurance, banking, and investment services.
In addition to its insurance operations, Ping An has also expanded into other areas such as health care, technology, and real estate.
The company's mission is to "use technology to make insurance simple and accessible to everyone."
#2. Berkshire Hathaway Inc
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 an American multinational conglomerate holding company headquartered in Omaha, Nebraska.
It was founded in 1889 and is now one of the largest and most successful companies in the world.
The company is led by its CEO, Warren Buffett, and is known for its long-term investments in a variety of industries, including insurance.
Through its insurance subsidiaries, Berkshire Hathaway provides property and casualty insurance, as well as life and annuity products.
The company is also involved in a number of other businesses, including energy, railroads, retail, and manufacturing.
Berkshire Hathaway is widely regarded as one of the most successful investment vehicles in history.
#3. Axa SA
- Revenue: $107.6 billion
- Net Income: $8.2 billion
- Market Cap: $64.6 billion
- 1-Year Trailing Total Return: 5.8%
- Exchange: OTC Markets
AXA SA is a French multinational insurance company headquartered in Paris, France.
It was founded in 1816 and is now one of the largest insurance companies in the world, providing a wide range of insurance and asset management products and services to individuals, businesses, and institutional clients.
AXA operates in Europe, North America, and Asia and has a strong presence in several key markets, including France, the United Kingdom, and the United States.
The company's product offerings include life insurance, health insurance, property and casualty insurance, as well as asset management and retirement planning services.
AXA's mission is to help its customers "live better lives by being there when they need us."
#4. China Life Insurance Co. Ltd.
- Revenue: 1,015.64B
- Net Income: 61,370.54M
- Market Cap: 48,409.70M
- 1-Year Trailing Total Return: 5.8%
- Exchange: OTC Markets
China Life Insurance Co. Ltd. is a Chinese state-owned life insurance company headquartered in Beijing, China.
It was founded in 1949 and is now one of the largest life insurance companies in the world, serving over 200 million customers in China.
The company provides a wide range of life insurance, annuity, and health insurance products and services to individuals, families, and corporations.
China Life also has a significant presence in the asset management industry, managing assets for its policyholders and providing investment products and services.
The company's mission is to "serve the country and benefit the people" by providing financial security and peace of mind to its customers.
#5. AIG (American International Group)
- Revenue: $59 billion
- Net Income: $13.8 billion
- Market Cap: $46.7 billion
- 1-Year Trailing Total Return: 21.4%
- Exchange: New York Stock Exchange
American International Group, Inc. (AIG) is an American multinational insurance corporation headquartered in New York City, United States.
It was founded in 1919 and is now one of the largest insurance companies in the world, providing a range of property and casualty, life, and retirement insurance products and services to individuals, businesses, and organizations.
AIG operates in more than 80 countries and has a significant presence in several key markets, including the United States, Europe, and Asia.
The company has a diverse range of businesses, including commercial insurance, personal insurance, and financial services.
AIG's mission is to "be the world's leading insurance organization" by providing innovative insurance solutions and delivering exceptional customer service.
The top 5 global insurance companies by market capitalization as of 2023 are:
- Ping An Insurance Group Co. of China Ltd.
- Berkshire Hathaway Inc.,
- Axa SA, China Life Insurance Co. Ltd.
- American International Group (AIG).
These companies offer a wide range of insurance and financial services to individuals, families, businesses, and organizations, and have a strong presence in several key markets around the world.
Despite the challenges posed by the COVID-19 pandemic and other global events, these companies continue to grow and provide security and peace of mind to their customers.
