Largest Insurance Companies by Market Capitalization
Market capitalization, or market cap, is the complete worth of an organization’s stock, and it is determined by increasing the number of extraordinary offers by the ongoing offer cost. It is a fast approach to deciding the worth of an organization according to financial backers.
Organizations with huge market covers are for the most part settled moderate ventures. They probably experience consistent development and proposition minimal measure of hazard. Mid-cap organizations are likewise settled yet have high development potential. Ultimately, little cap organizations are many times new organizations with high development potential. Putting resources into these organizations represents the most serious gamble since they are more helpless against monetary slumps than the more settled enormous and mid-cap organizations.
Financial backers can purchase portions of public corporations in the protection business. The largest non-health insurance companies by market capitalization on the world stock exchanges as of Q1 2022 are:
Publicly Traded Non-health Insurance Companies
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Largest Insurance Companies by Sales and Product Line| Company | Â 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
Life Insurance companies promise to pay out a lump sum benefit upon the death of the insured. Although actuarial science has created mortality tables to accurately estimate the future liability of policies to be paid, having financial strength ensures that these companies can meet all of their obligations while still earning a profit.
| Â Company | Â Total Direct Premium | Â Market Share |
|---|---|---|
| New York Life Grp | $11.7 billion | 6.75% |
| Northwestern Mutual | $11.3 billion | 6.52%Â |
| 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
Health insurance companies provide policies to cover all or part of the policyholder’s health and medical costs. Policies may be purchased individually or through an employer. Technically, the United States government is the largest health insurance provider in America through the Medicare program, Social Security, and Medicaid administered by individual states.
Based on the National Association of Insurance Commissioners (NAIC) 2020 report, the largest non-government-sponsored U.S. health insurance companies measured by total direct premium collected were:3
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| 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% |