There are numerous ways in order to rank the size of insurance companies. The companies can be ranked according to their market cap (capitalisation) or by using certain sale figures such as net premiums.
In todays article, we will rank the top 10 largest insurance companies on the basis of their revenue market cap and market share.
What Is Market Capitalisation?
Market capitalization, sometimes referred to as market cap, is the total value of a publicly traded company\’s outstanding common shares owned by stockholders. Market capitalization is equal to the market price per common share multiplied by the number of common shares outstanding.
Largest Insurance Companies By Market Capitalisation
Companies that have large market caps are generally established through conservative investments. They experience a consistent and excessive growth with having only minimal risk involved. Mid-Cap companies are similarly established but they attain a high growth potential. Likewise, small-cap companies are mostly newly formed companies with a high percentage of growth projection. However, investing in such companies holds the most amount of risk because these small-scale companies are more vulnerable to economic disasters than the more well established mid and large cap companies.
Investors can definitely buy shares of publicly traded companies in the insurance industry. The largest non-health related insurance companies by market cap in 2022 are as follows.
Non-Health Insurance:
| 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 |
However the aforementioned was a list of the largest non-health insurance companies on the basis of market cap. The below mentioned is a list of the largest health related insurance companies by market cap in 2022:
Health Insurance:
| 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 billio |
Although not every insurance company is publicly traded. Many insurers opt for mutual companies, where policyholders of participating policies are somewhat owners of the company. The mutual companies in the insurance industries go way back when they were formed. There are also certain benefits for for policyholders that publicly traded insurers can’t enjoy.
