Top 10 insurance companies in the world
1. Berkshire Hathaway
Berkshire Hathaway is a conglomerate holding company headquartered in Nebraska, USA. Berkshire Hathaway is one of the oldest players in insurance industry which had been established in 1839. Its products and services are available through individual agencies and brokers. The company employs 389.373 thousand employees as of 2018. Its worldwide annual revenue totaled $247.837 billion at sales growth rate of 3.29% and net profit stood at $4.021 billion for the 2018 fiscal year. Its current CEO is Warren Buffett.
2. AXA
AXA is a very old company which was established in 1852 in Paris, France. The name was intentionally chosen so as to be easily pronounced by people belonging to any language. It has presence in Asia, North America, Western Europe and the Middle East. This company is specialized in Life, Health, and Protection and P&C commercial lines segments. The company employs 125.934 thousand employees as of 2018. Its worldwide annual revenue totaled $121.494 billion at sales growth rate of 9.07% and net profit stood at $2.527 billion for the 2018 fiscal year. Its current CEO is Thomas Buberl.
3. Ping AN Insurance
Ping AN Insurance among the top insurance companies in the world. This company was established in 1988 with its headquarter in Shenzen, China. The company employs 342.550 thousand employees as of 2018. Its worldwide annual revenue totaled $163.512 billion at sales growth rate of 13.36% and net profit stood at $16.229 billion for the 2018 fiscal year. Its current CEO is Ma Mingzhe.
4. Allianz Insurance
Allianz Insurance was established in 1890 in Munich, Germany. With core businesses in Insurance and Asset management, it offers a wide range of property-casualty and life/health insurance products to both retail and corporate customers. For P&C segment, these include motor, accident, property, general liability, travel insurance and assistance services. The company employs 142.460 thousand employees as of 2018. Its worldwide annual revenue totaled $126.889 billion at sales growth rate of 2.44% and net profit stood at $8.813 billion for the 2018 fiscal year. Its current CEO is Oliver Bäte.
5. Japan Post Holdings
Japan Post Insurance Company Limited offers Life insurance, medical insurance, automobile insurance and Education endowment in addition to ordinary endowments. It connects and sells to customers through agencies and its own post offices which can be found in every corner of the country as bases of operations. The company employs 7.490 thousand employees as of 2018. Its worldwide annual revenue totaled $116.6 billion and net profit stood at $0.96 billion for the 2018 fiscal year. Its current CEO is Masatsugu Nagato.
6. Prudential Financial Inc.
The company was founded in 1872 in Ohio, USA. It basically has insurance and investments as two primary businesses however, it also engages in additional insurance specialties through its subsidiaries and affiliates. The company employs 49.705 thousand employees as of 2018. Its worldwide annual revenue totaled $111.5 billion at sales growth rate of 5.53% and net profit stood at $3.1 billion for the 2018 fiscal year. Its current CEO is Charles F. Lowrey.
7. China Life Insurance Company Limited
It was established in 2003 headquartered in Beijing, china. Apart from individual and group life insurance services, it also provides a wide variety of insurances such as accident and health insurance, reinsurance, Fund investment both long term and short term. Being customer-oriented, the Company started its business process reengineering, constructed a new business model and technological infrastructure. Its worldwide annual revenue totaled $94.803 billion at sales growth rate of -0.43% and net profit stood at $1.722 billion for the 2018 fiscal year. Its current CEO is Dairen Lin.
8. Generali
Generali is one of the top insurance companies in the world. Generali offers a variety of solutions to the customers like life insurance, health insurance and other financial services. The company employs 71.327 thousand employees as of 2018. Its worldwide annual revenue totaled $93.1 billion and net profit stood at $2.4 billion for the 2018 fiscal year. Its current CEO is Philippe Donnet.
9. People’s Insurance Company (Group) of China Limited
It was established in 1949 headquartered in Beijing, China. It is a state-owned company which promotes insurance services through Asset Management company Limited and Property and Casualty Company limited- its two subsidiaries. This company provides a variety of insurance services ranging from Property and Casualty, Life and health insurance, Asset management and Reinsurances inside the group. The company employs 198.457 thousand employees as of 2018. Its worldwide annual revenue totaled $75.377 billion and net profit stood at $1.952 billion for the 2018 fiscal year. Its current CEO is Wu Yan.
10. MetLife Inc
Metlife originated in year 1868 and since then has contributed a lot in financial services providing insurance, annuities, employee benefits and asset management. Metlife is headquartered in NewYork, USA. It is a well-known leader in insurance world for innovation and for splendid protection planning and launch of solutions in retirement and savings. The company employs 48 thousand employees as of 2018. Its worldwide annual revenue totaled $67.941 billion and net profit stood at $4.982 billion for the 2018 fiscal year. Its current CEO is Steven A. Kandarian.
