In this article we are going to list the 5 most valuable insurance companies. For a detailed coverage of this topic and a more comprehensive list, please go to 12 most valuable insurance companies.

5. Axa

Total market cap of the company as at April 1, 2021 (in billions of dollars): 64.29

Axa is a major French insurance company and ranks 5th in our list of the most valuable insurance companies. The company has operations  in North America, Asia-Pacific, Western Europe, the Middle East and Africa.  It was founded 205 years ago in 1816 and had revenues of more than 103 billion euros in 2019 alone. The company has over 120,000 employees.

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4. Allianz

Total market cap of the company as at April 1, 2021 (in billions of dollars): 105.11

In 2014, Allianz was ranked as the biggest insurance company in the world by Forbes. The company’s asset management division has assets worth nearly $2 trillion under management. The German company was established 131 years ago in 1890.

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3. China Life Insurance (NYSE:LFC)

Total market cap of the company as at April 1, 2021 (in billions of dollars): 152.012

China Life Insurance was founded 72 years ago in 1949, and has nearly 100,000 employees. 70% of the company is owned by the state, and it is the  biggest insurance company in China in terms of assets. More than 600,000 agents work with China Life Insurance.

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2. Ping An Insurance

Total market cap of the company as at April 1, 2021 (in billions of dollars): 220.82

Ping An Insurance operates in banking and financial services too, but its primary business is insurance. The Chinese company was established 33 years ago in 1988 and is one of the biggest companies in the world, regardless of the industry. In 2018, it was ranked as the third most valuable global financial brand, and is consistently ranked among the top companies in the insurance sector.

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1. Berkshire Hathaway (NYSE:BRK.A)

Total market cap of the company as at April 1, 2021 (in billions of dollars): 587.82

Topping the list of the most valuable insurance companies in the world is legendary investor Warren Buffett’s Berkshire Hathaway. It is also known for having the most expensive share price in history, with each share costing around $400,000 each. In many cities, you could buy a very decent house in that amount.

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See also: 20 Largest Insurance Companies in the U.S. and 11 largest auto insurance companies in US in 2019