20 Most Profitable Insurance Companies in the World

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1. Berkshire Hathaway Inc. (NYSE:BRK-A)

Net Income (TTM) as of March 31, 2024: $73.42 Billion

Berkshire Hathaway Inc. (NYSE:BRK-A) ranks first on our list of the most profitable insurance companies. The company owns several insurance businesses including GUARD Insurance companies, Berkshire Hathaway Speciality Insurance, Gateway Underwriters Agency, and GEICO, to name a few. For the fiscal year ended 2023, Berkshire Hathaway Inc. (NYSE:BRK-A) reported insurance premiums worth $83.4 billion. GEICO, an auto insurance company, provides insurance coverage across auto, motorcycle, ATV, RV, boat, snowmobile, travel, pet, homeowner, renter, and jewelry insurance lines. It has a 13.8% market share based on written premiums and reported $3.6 billion in underwriting earnings before taxes, for the fiscal year ended 2023. Berkshire Hathaway Reinsurance Group on the other hand reported $1.9 billion in underwriting earnings before taxes.

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