In this piece, we’ll take a look at the 5 Biggest Global Insurance Companies by Market Cap. For more such companies, go to 20 Biggest Global Insurance Companies by Market Cap.
5. Nippon Life Insurance Company
Estimated Market Value: $115.5 billion
Annual 2021 revenue: $76.9 billion
Founded in 1889, Nippon Life Insurance Company is a Japan-based insurance company that operates in Japan, the United States, the United Kingdom, and Asia. Nippon Life Insurance Company offers group and individual life insurance and annuity products. Additionally, it provides a variety of insurance-based products and services, such as corporate insurance products, asset management, trust banking services, leasing, investment advisory, investment management, venture capital, mortgage loans, finance agency services, discretionary investment contract services, etc. The company runs through a network of sales offices, branches, agencies, and international representative offices.
4. China Life Insurance Company Limited (2628.HK)
Market Cap as of January 07, 2023: $125.0 billion
Headquartered in Beijing, China, China Life Insurance Company Limited (2628.HK) is a China-incorporated company and is among the top insurance companies in China. The company offers individual and group life insurance which makes up for most of its profits. China Life Insurance Company Limited (2628.HK) also offers short-term insurance policies, including health and accident insurance. The firm provides its offers through exclusive bancassurance, agents, and other marketing channels.
3. Ping An Insurance (Group) Company of China, Ltd. (2318.HK)
Market Cap as of January 07, 2023: $131.7 billion
Headquartered in Shenzhen, China, Ping An Insurance (Group) Company of China, Ltd. (2318.HK) is a Chinese Holding conglomerate and is an integrated financial service firm. It is the biggest insurance company in China, with a focus on integrated financial products and healthcare services. The company’s insurance segments include life and health insurance, property and casualty, whole-life, annuity, and endowment products.
2. AIA Group Limited (1299.HK)
Market Cap as of January 07, 2023: $132.1 billion
AIA Group Limited (1299.HK) is an American multinational finance and insurance corporation based in Hong Kong. The company is among the largest Asia-specific insurance providers with a wide array of products, including life, accident, and health insurance and retirement savings plans. In 2010, the business, which had previously been a part of American International Group, Inc. (NYSE:AIG), went for a standalone listing in Hong Kong. The company also offers pension, credit life, and employee benefits services to business clients. More than 30 million individual policyholders and more than 16 million active participants in group insurance programs are served by the presence of AIA Group Limited (1299.HK) in 18 markets.
1. UnitedHealth Group Incorporated (NYSE:UNH)
Market Cap as of January 07, 2023: $457.8 billion
Headquartered in Minnesota, United States, UnitedHealth Group Incorporated (NYSE:UNH) is an American multinational managed healthcare and insurance firm. UnitedHealth Group Incorporated (NYSE:UNH) operates in four segments: United Healthcare, Optum Insight, Optum Health, and Optum Rx. Apart from the company’s insurance assets, the ongoing investments of UnitedHealth Group Incorporated (NYSE:UNH) in the Optum franchises have built a healthcare services behemoth that offers everything from medical and pharmaceutical coverage to analytics and outpatient care to affiliated and third-party clients.
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