5 Best Group Insurance Companies Heading into 2024

In this article, we will look into the 5 best group insurance companies. If you want to read our detailed analysis, you can go directly to the 15 Best Group Insurance Companies Heading into 2024.

5. Aetna, CVS Health Corporation (NYSE:CVS)

Market Cap as of December 18: $96.42 billion

Aetna is a health and wellness company, owned by CVS Health Corporation (NYSE:CVS). The company offers a wide range of group insurance solutions to small, mid-sized, and large companies. It provides group health solutions to a number of industries including healthcare, tech, education, private and public sectors, hospitality, and retail among others. As of December 18, CVS Health Corporation (NYSE:CVS) has a market cap of $96.42 billion.

4. AIA Group Limited (OTC:AAIGF)

Market Cap as of December 18: $97.54 billion

AIA Group Limited (OTC:AAIGF) is a leading insurance group, headquartered in Central, Hong Kong. The company specializes in life insurance, retirement planning, accident, health insurance, and wealth management solutions. The company offers a variety of group health solutions including supplemental, accident, and disability. As of December 18, the company boasts a market cap of $97.54 billion.

3. Allianz SE (OTC:ALIZF)

Market Cap as of December 18: $106.25 billion

Allianz SE (OTC:ALIZF) is a major insurance and financial services company, operating in over 70 countries around the world. The company provides group insurance services across multiple segments including life, accidental death, disability, retirement solutions, term life, critical illness, and medical. It is ranked 3rd on our list of the best group insurance companies and is valued at $106.25 billion.

2. Elevance Health, Inc. (NYSE:ELV)

Market Cap as of December 18: $109.95 billion

Elevance Health, Inc. (NYSE:ELV) is a leading American health insurance company. With over 100,000 associates, the group serves more than 118 million people around the world. The companies and healthcare plans under Elevance Health, Inc. (NYSE:ELV) include Amerigroup, Health Sun, MMM, HealthLink, DeCare Dental, National Government Service, Inc., Simply Healthcare Plans, and Unicare. The group offers both individual and group health insurance solutions. As of December 18, it boasts a market cap of $109.95 billion.

1. UnitedHealth Group Incorporated (NYSE:UNH)

Market Cap as of December 18: $486.17 billion

UnitedHealth Group Incorporated (NYSE:UNH) tops our list of the best group insurance companies heading into 2024. The group is home to multiple business segments including UnitedHealthcare, Optum Health, Optum Insight, and Optum Rx. The company offers group health insurance products and services to both small and large-sized businesses. As of December 18, it reports a market cap of $486.17 billion.

You can also look at Reddit’s WallStreetBets is Buying These 13 Stocks for 2024 and 15 Best Building Insurance Companies Heading into 2024.