The size of insurance businesses can be ranked in a variety of ways. Market capitalization, or a company's valuation on the stock market, can be used to gauge a business, as can sales metrics like the amount of policies issued or net premiums written in a given year. Here, we look at the top 10 insurance providers in terms of sales, market share, and market capitalization.
KEY TAKEAWAYS
- Despite not always being as showy as investment banks or hedge funds, insurance firms are significant players in the global financial system.
- The size and areas of specialization of insurance businesses vary, from health to life to property & casualty.
- The value of a company's outstanding shares is its market capitalisation, often known as market cap.
- There are several insurance businesses that are owned jointly by the policyholders.
- It's crucial to classify insurance firms based on the products they offer when ranking them.
Publicly Traded Non-health Insurance Companies
|
Company Name |
Market Capitalization |
|
Berkshire Hathaway (U.S.) |
$714 billion |
|
Ping An Insurance (China) |
$141 billion |
|
AIA Group (Hong Kong) |
$123 billion |
|
China Life Insurance (China) |
$106 billion |
|
Allianz (Germany) |
$89 billion |
|
Cigna (US) |
$76 billion |
|
Zurich Insurance (Switzerland) |
$67 billion |
|
AXA (France) |
$65 billion |
|
Humana (U.S.) |
$55 billion |
|
Munich (Germany) |
$39 billion |
Market cap data as of March 1, 2022.
Source: Yahoo! Finance
Publicly Traded Health Insurance and Managed Health Care Companies
|
Company Name
|
Market Capitalization |
|
United Healthcare (UNH) |
$448 billion |
|
CVS (CVS) |
$136 billion |
|
Anthem (ANTM) |
$109 billion |
|
Cigna (CI) |
$76 billion |
|
Humana (HUM) |
$55 billion |
|
Centene Corporation (CNC) |
$48 billion |
|
Molina Healthcare (MOH) |
$18 billion |
|
Bright Health Group (BHG) |
$2 billion |
|
MultiPlan Corporation (MPLN) |
$2 billion |
|
Alignment Healthcare (ALHC) |
$1.6 billion |
Market cap data as of March 1, 2022.
Source: Yahoo! Finance
Property & Casualty
|
Company |
Net
Premiums Written |
|
State
Farm Group |
$66.2
billion |
|
Berkshire
Hathaway (BRK.A) |
$46.4
billion |
|
Progressive
Insurance Group (PGR) |
$41.7
billion |
|
Allstate
Insurance Group (ALL) |
$39.2
billion |
|
Liberty
Mutual |
$36.2
billion |
|
Travelers
Group (TRV) |
$28.8
billion |
|
USAA
Group |
$24.6
billion |
|
Chubb
(CB) |
$24.2
billion |
|
Farmers
Insurance Group |
$20.1
billion |
|
Nationwide |
$18.5
billion |
Life Insurance Companies
|
Company |
Total
Direct Premium |
Market
Share |
|
New
York Life Grp |
$11.7
billion |
6.75% |
|
Northwestern
Mutual |
$11.3
billion |
6.52% |
|
Metropolitan
Group (MET) |
$10.5
billion |
6.05% |
|
Prudential
of America (PRU) |
$10.1
billion |
5.80% |
|
Lincoln
National |
$8.4
billion |
4.83% |
|
MassMutual |
$7.9
billion |
4.57% |
|
State
Farm |
$5.0
billion |
2.87% |
|
Aegon (AEG) |
$4.9
billion |
2.80% |
|
John
Hancock |
$4.7
billion |
2.73% |
|
Minnesota
Mutual Grp |
$4.7
billion |
2.70% |
Health Insurance Companies
|
Company |
Total
Direct Premium |
Market
Share |
|
UnitedHealth
Group (UNH) |
$177
billion |
14.1% |
|
Kaiser |
$104
billion |
8.3% |
|
Anthem |
$77
billion |
6.2% |
|
Centene
Corp. |
$75
billion |
6.0% |
|
Humana |
$74
billion |
5.9% |
|
CVS
Healthcare (CVS) |
$69
billion |
5.5% |
|
CIGNA
Health |
$32
billion |
2.5% |
|
Molina
Healthcare |
$21
billion |
1.7% |
|
Independence
Health |
$21
billion |
1.6% |
