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Top 10 world insurance companies – Car insurance – 2021

  • AIA Group Ltd.
  • AIG
  • Allianz SE
  • AXA
  • Berkshire Hathaway
  • China Life Insurance
  • ING Group
  • Ping An of China
  • MetLife
  • United Health Group
  • Bottom row

We all face different risks – the risk of having an accident, getting sick, becoming a victim of a natural disaster or fire, and most of all, risking our lives. All these risks come not only with pain and suffering, but also hurt financially. Insurance is a way to prepare for the worst. He offers the assurance that the economic part of the pain will be taken care of.

, take a look at some of the world’s best insurance companies. There are many criteria on the basis of which such a list can be made: collection of premiums, income, profit, geographical area, assets and others. The following list focuses on market capitalization, with companies listed in alphabetical order. All figures are current as of April 22, 2019.

Key establishments

  • Insurance companies protect consumers after accidents, natural disasters, fire and life events. The first two companies in a market crisis are Berkshire Hathaway with $ 514.57 billion and Ping An of China with $ 243.57 billion. AIG was one of the financial services and insurance companies. in the 2007-2008 financial crisis, receiving a $ 180 billion state bailout. Healthcare with a market cap of $ 221.43 billion provides health care and health services to more than 115 million people.
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AIA Group Ltd.

AIA Group was founded in 1919 in Singapore and is headquartered in Hong Kong. It is the largest all-Asian life insurance group with a presence in 18 different markets, including China, Australia, New Zealand, India and Cambodia. It specializes in life insurance and other financial services.

As of December 31, 2018, AIA reportedly has assets of $ 230 billion and a market cap of $ 121.65 billion.

AIG

AIG, or American International Group, has offices in 80 different countries. The company, founded in Shanghai in 1919, is currently headquartered in New York. It mainly operates in three segments, including non-life insurance (commercial and personal insurance), life and retirement, and a technology subsidiary called Blackboard Insurance.

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You will probably recognize the name as one of the companies that received $ 180 billion in bailouts from the U.S. government after the 2007-2008 financial crisis. failure of AIG.

The company reported a net loss of $ 622 million in the third quarter of 2018 and had a market maximum value of $ 40.01 billion.

Allianz SE

Founded in 1890, Allianz is a leading financial services company providing products and services from insurance to asset management.

Allianz caters to customers in more than 70 countries. Insurance products range from property and accident products to health and life insurance products for corporate and individual clients. The company is headquartered in Germany.

It is reported that the market cap of Allianz is 101, 57 billion dollars.

AXA

With over 102 million customers in 56 countries and an employee base of over 125,000, AXA is one of the world’s leading insurance groups. Its main activities are property and accident insurance, life insurance, savings and asset management. It was founded in 1816, when several insurance companies merged to create AXA. The company is headquartered in Paris, but has a presence in Africa, North America, Central and South America, Asia-Pacific, Europe and the Middle East.

AXA acquired 51% of Colpatria Seguros’ insurance operations in Colombia in 2013. In the same year, it became the largest international insurer operating in China as a result of its 50% acquisition of Tian Ping (Chinese property and accident insurer). . AXA also acquired HSBC’s life insurance operations in Mexico.

The market cap for the AXA Group was $ 56.56 billion.

Berkshire Hathaway

Berkshire Hathaway (BRK.A) was founded in 1889 and is affiliated with Warren Buffett, who turned a mediocre entity into one of the largest companies in the world.

Berkshire Hathaway is already a leading conglomerate for insurance investment managers, among other sectors such as rail, finance, utilities and energy, manufacturing, services and retail through its subsidiaries.

Warren Buffett began buying shares in Berkshire Hathaway in the 1960s.

It provides primary insurance, as well as reinsurance of property and insurance risks. Companies such as Berkshire Hathaway Reinsurance Group, GEICO, Berkshire Hathaway Primary Group, General Re, National Indemnity Company, Medical Protective Company, Applied Underwriters, US Insurance Company, Central State Indimnity Company and Guard Insurance Group are subsidiaries in Berkshire.

The company’s market cap was 514.57 billion dollars.

China Life Insurance

China Life Insurance (LFC) is one of the largest state-owned insurance and financial services companies in the mainland, as well as a key player in the Chinese capital market as an institutional investor.

The company was founded in 1949, when the People’s Insurance Company of China (PICC) was established. Its offshoot PICC (Life) Co. Ltd was established after the separation from PICC in 1996. PICC (Life) Co. Ltd was renamed the Chinese Life Insurance Company in 1999. The Chinese Life Insurance Company was restructured in 2003 as China Life Insurance (Group) Company, which has seven subsidiaries. The enterprises are divided into life insurance, pension plans, asset management, property and accidents, investment funds and overseas operations.

The company is listed on the New York Stock Exchange, the Hong Kong Stock Exchange and the Shanghai Stock Exchange and is the largest public company in terms of market capitalization in the world. The company boasts a market cap of 118, 95 billion dollars.

ING Group

The Dutch multinational ING Group was founded in 1991. The company provides a number of services, including retail banking, direct banking, commercial and investment banking, insurance and asset management. ING serves more than 37 million customers in over 40 different countries.

In 2018, ING announced a partnership with another member of this list – AXA. Together, the two have an exclusive, multifaceted digital partnership to provide insurance products to customers online through a centralized platform.

ING’s market cap was listed as $ 52.33 billion.

Ping An of China

Ping An of China is mainly involved in insurance, financial services and banking. It is one of the 50 best companies listed on the Shanghai Stock Exchange. Founded in 1988, it was the first company in China to adopt a joint stock structure.

Based in Shenzhen, China, the company is one of the most valuable insurance companies in the world and one of the largest asset management and investment companies in the world. Its affiliates include Ping An Life, Ping An Property & Casualty, Ping Annuity and Ping An Health. The company’s market cap was 243, 57 billion dollars.

MetLife

Serving more than 90 million customers in more than 60 countries, MetLife has a market cap of $ 44.65 billion. It is one of the largest insurers in the world and also provides employee benefits and annuities.

The company’s subsidiaries and affiliates include MetLife Investors, MetLife Bank – which was sold to GE Capital in 2013 – MetLife Securities, Metropolitan Property and an accident insurance company.

MetLife ended its more than 30-year partnership with peanuts – whose characters were used in the company’s branding – in 2019.

MetLife reported net income of $ 2 billion in the fourth quarter of 2018, with total revenue of $ 15.66 billion.

United Health Group

The UnitedHealth Group (UNH) is one of the most diversified healthcare companies in the United States. Its two business platforms – UnitedHealthcare for health benefits and Optum for health services – work together, serving more than 115 million people in each US state and 125 countries.

The UnitedHealth Group uses its experience and resources in clinical care to improve the efficiency of the healthcare sector.

The company’s market cap was 221, 43 billion dollars.

Berkshire Hathaway (BRK.A)

  • Приходи (TTM): 237,2 млрд. Долара
  • Net income (TTM): $ 10.0 billion
  • Market capitalization: $ 475.7 billion
  • 1-year total return: -4.9%
  • Stock Exchange: New York Stock Exchange

Berkshire Hathaway Inc. is a major conglomerate and one of the leading insurance companies in the country, also owning businesses in sectors such as rail transport, utilities and energy, manufacturing, services and retail. Berkshire provides primary insurance, as well as reinsurance of property and risk accidents through companies such as GEICO, Berkshire Hathaway Reinsurance Group, Berkshire Hathaway Primary Group, General Re, National Indemnity Company and others.

Ping An Insurance (Group) Co. of China Ltd. (PNGAY)

  • Revenue (TTM): $ 144.8 billion
  • Net income (TTM): $ 18.7 billion
  • Market capitalization: $ 194.0 billion
  • 1-year total return: -7.5%
  • Exchange: OTC

Ping An Insurance is mainly involved in insurance, financial services and banking. It is one of the 50 largest companies listed on the Shanghai Stock Exchange. Founded in 1988, it is the first joint-stock insurance company in China. Its subsidiaries include Ping An Life, Ping An Property & Casualty, Ping Annuity and Ping An Health, among many others.

AXA SA (AXAHY)

  • Revenue (TTM): $ 139.5 billion
  • Нетен доход (TTM): 4,3 милиарда долара
  • Market capitalization: $ 48.2 billion
  • 1-year total return: -17.2%
  • Exchange: OTC

AXA is one of the world’s leading insurance groups with a core business in property and accident insurance, life insurance, savings and asset management. Several insurance companies teamed up to create AXA in the 1990s. It does business in all major world markets.

China Life Insurance Co., Ltd. (LFC)

  • Revenue (TTM): $ 105.6 billion
  • Net income (TTM): $ 8.4 billion
  • Market capitalization: $ 64.9 billion
  • 1-year total return: -6.3%
  • Stock Exchange: New York Stock Exchange

Chinese life insurance is one of the largest state-owned insurance and financial services companies on the continent, as well as a key player in the Chinese capital market as an institutional investor. The company was founded in 1949, the year in which the People’s Republic, if China, was founded. Today, the company has numerous subsidiaries distributed in life insurance, retirement plans, asset management, property and casualties, and investment holdings.

Allianz SE (ALIZY)

  • Revenue (TTM): $ 101.2 billion
  • Net income (TTM): $ 8.2 billion
  • Market capitalization: $ 85.9 billion
  • 1-year total return: -13.4%
  • Exchange: OTC

Allianz is a leading global financial services company providing products and services from insurance to asset management. It offers insurance products ranging from property and insurance policies to health and life insurance for corporate and individual clients. The company is headquartered in Germany.

Пруденциален PLC (PUK)

  • Revenue (TTM): $ 93.7 billion
  • Net income (TTM): $ 0.8 billion
  • Market capitalization: $ 37.8 billion
  • 1-year total return: -17.2%
  • Stock Exchange: New York Stock Exchange

Prudential PLC is a London-based insurance and investment services company offering products ranging from life insurance, health, accidents, property and accidents to pensions, capital plans, mortgages and other financial services. Prudential also serves customers in all major global markets, including the United Kingdom, its domestic market.

Bottom row

Some of the other respected names in the insurance business are Prudmental Insurance Company of America, a subsidiary of Prudmental Financial (PRU), Manulife Financial (MFC) and Zurich Insurance Group.

Choosing the right investment insurance company is important and should not be based solely on the size of the company. A few things on your list should be the rating of the company, its financial strength, if the company specializes in any particular type of insurance, waiver of past claims, proximity to the office, premiums and discounts offered under multiple policies.

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