20 Most Profitable Insurance Companies in the World

3. Ping An Insurance (Group) Company of China, Ltd. (OTC:PNGAY)

Net Income (2023): $15.08 Billion

Ping An Insurance (Group) Company of China, Ltd. (OTC:PNGAY) reported a net income worth 109.27 billion Chinese yuan, contributing to its ranking on our list. The financial services holding company offers insurance, banking, asset management, and finance services. Ping An Insurance (Group) Company of China, Ltd. (OTC:PNGAY) is home to over 232 million retail customers. Under its insurance business, the company offers life and health insurance, insurance and healthcare management, insurance and senior care, and property and casualty insurance.