5 Best Home Insurance Companies

2. Ping An Insurance Company of China

Market cap: $218.9 billion

Ranking 2nd in our list of the 10 best home insurance companies is Ping An Insurance Company of China. Ping An, China’s first joint-stock insurance company, was established in 1988 in the southern city of Shenzhen, Guangdong Province. Ping An is one of the world’s largest financial services firms, with over 214 million retail customers and nearly 579 million Internet users.

Insurance Asia News recently named Ping An Property & Casualty “Digital Insurer of the Year” in their Awards for Excellence 2020. Artificial intelligence, data acquisition, image recognition, and big data are among Ping An Property & Casualty’s “groundbreaking programs,” which fund technologies like online claims and mobile services.

The company’s net profit in 2020 came in at $24.4 billion. The stock has gained 22.9% in the last twelve months.