Top 10 Global Insurers by Market Capitalization
Berkshire Hathaway Inc, UnitedHealth Group Inc, AIA Group Ltd, Ping An Insurance (Group) Company of China Ltd, and China Life Insurance Co Ltd are the top 5 Global Insurers in the world in 2023 by market capitalization (as of Mar 31, 2023). Comprehensively, the top 10 Global Insurers in the world had a total market cap of $1,915,324 million (as of Mar 31, 2023), with Berkshire Hathaway Inc having the highest ($675,657 million), followed by UnitedHealth Group Inc ($440,854 million), and AIA Group Ltd ($122,871 million), while The Cigna Group is the lowest ($75,901 million). The United States-based Berkshire Hathaway Inc is the world’s leading Global Insurer company by market cap (as of Mar 31, 2023). The company reported revenues of $302,089 million for the fiscal year ended December 2022 (FY2022), an increase of 9.4% over FY2021. Berkshire Hathaway Inc (Berkshire) is a holding group that engages in several diverse business activities through its subsidiaries. Berkshire focuses on insurance and reinsurance operations and operating railroad systems in North America. It also focuses on manufacturing, service and retailing, finance, and financial products activities. The company operates through six business segments: Insurance, Manufacturing, McLane Company, Service and Retailing, Burlington Northern Santa Fe Corporation (BNSF), and Berkshire Hathaway Energy. It employs 383,000 people. The United States-based UnitedHealth Group Inc is another leading Global Insurer company by market cap in the world (as of Mar 31, 2023). The company reported revenues of $324,162 million for the fiscal year ended December 2022 (FY2022), an increase of 12.7% over FY2021. The company provides health coverage, Medicare plans, short-term health insurance, and Medicaid plans for individuals and families; health management and global health solutions for employers; health care network, value-based care; and clinician resources for physicians and health care professionals; and resources for brokers and consultants. UnitedHealth Group Inc employs 350,000 people.