Largest Insurance Companies by Market Capitalization
Berkshire Hathaway entered the insurance business in 1967 by acquiring National Indemnity Company, and its subsidiaries — GEICO, Berkshire Hathaway Reinsurance Group, and General Re — now make it one of the two largest insurance companies in the world by market capitalization. The other top spot is typically held by a Chinese insurer, reflecting how the industry’s biggest players are split between the United States and Asia.
The insurance sector is organized around three main business lines: property and casualty (P&C), life and annuity, and private health insurance. Reinsurance — where one insurer indemnifies another against losses — is a distinct category with roots tracing back to the late 14th century. Insurance brokers such as Marsh & McLennan, Aon, and Willis Towers Watson sit alongside these groups, connecting insurers with clients rather than underwriting risk directly.
Among the structural leaders by market cap:
- Life & Health: AIA Group (founded in 1919, listed on the HKEX), Ping An Insurance (Shanghai SSE / HKEX), and China Life Insurance (HKEX / NYSE ADR)
- Health Insurance: UnitedHealth Group (NYSE) and Elevance Health (NYSE), which distributes plans through Anthem Blue Cross and Blue Shield
- P&C and Diversified: Berkshire Hathaway (NYSE), whose GEICO subsidiary was founded in 1936, and Germany-based Allianz Group (Frankfurt / Xetra), serving more than 126 million customers across over 70 countries
- Reinsurance: Gen Re, originally formed in 1921 and acquired by Berkshire Hathaway in 1998
These companies trade on exchanges spanning the NYSE, Shanghai SSE, HKEX, and Frankfurt. Only publicly traded insurers are included in the ranking; privately held companies are excluded. For a broader view, see the largest financial companies by market cap.
Regulated brokerThe table below lists the largest global publicly traded insurance companies by market capitalization, with live price and market cap data updated regularly.
| Stock | Price | Change % | Marketcap |
|---|---|---|---|
 UnitedHealth UNH | $415.36 | 0.23% | 377.21B |
 Progressive PGR | $210.46 | 0.45% | 122.36B |
 Elevance Health ELV | $382.77 | 1.84% | 83.01B |
 Allianz ALV.DE | $499.72 | 0.09% | 189.54B |
 Chubb CB | $348.23 | 0.70% | 134.35B |
 China Life Insurance 601628.SS | $5.70 | 2.56% | 0.161T |
Cigna CI | $282.06 | 1.08% | 74.53B |
Ping An Insurance 601318.SS | $8.23 | 1.18% | 0.149T |
 AIA 1299.HK | $10.02 | 0.88% | 103.22B |
AXA CS.PA | $51.52 | 0.69% | 104.81B |
 Zurich Insurance Group ZURN.SW | $762.51 | 0.06% | 113.90B |
 Life Insurance Corporation of India (LIC) LICI.NS | $4.49 | 0.89% | 0.028T |
 Tokio Marine 8766.T | $50.03 | 2.82% | 0.095T |
 Munich RE (Münchener Rück) MUV2.DE | $601.42 | 0.23% | 76.96B |
Aon AON | $357.63 | 0.58% | 75.86B |
Arthur J. Gallagher & Co. AJG | $247.79 | 0.65% | 63.67B |
American International Group AIG | $78.79 | 0.27% | 41.77B |
MetLife MET | $96.31 | 0.19% | 61.97B |
 The Travelers Companies TRV | $373.82 | 0.14% | 77.97B |
Manulife Financial MFC | $44.51 | 0.16% | 74.14B |
Allstate ALL | $262.68 | 0.53% | 67.62B |
Prudential Financial PRU | $122.98 | 0.74% | 42.71B |
Centene CNC | $63.76 | 2.48% | 31.50B |
 Generali G.MI | $51.16 | 0.75% | 76.54B |
 Humana HUM | $374.50 | 2.92% | 44.97B |
Arch Capital ACGL | $101.12 | 0.59% | 34.48B |
 Swiss Re SREN.SW | $168.14 | 0.63% | 49.59B |
China Pacific Insurance 601601.SS | $4.88 | 1.92% | 47.00B |
Sun Life Financial SLF | $82.46 | 0.59% | 45.71B |
 KBC KBCSF | $141.12 | 2.84% | 56.30B |
 Intact Financial IFC.TO | $196.41 | 0.97% | 34.72B |
Hannover Rück HNR1.DE | $289.51 | 0.08% | 34.91B |
The Hartford HIG | $142.90 | 0.70% | 39.17B |
Great-West Lifeco GWO.TO | $66.32 | 1.16% | 59.37B |
MS&AD Insurance 8725.T | $30.58 | 2.11% | 0.044T |
The People's Insurance Company (PICC) 601319.SS | $1.09 | 0.41% | 48.08B |
Prudential PUK | $30.05 | 0.69% | 37.38B |
 Fairfax Financial FFH.TO | $1,675.14 | 0.55% | 34.55B |
 Willis Towers Watson WTW | $341.63 | 1.70% | 31.73B |
 Brown & Brown BRO | $71.78 | 1.96% | 24.02B |
 Cathay Financial Holding 2882.TW | $3.11 | 0.99% | 0.046T |
Dai-ichi Life Holdings 8750.T | $11.98 | 1.56% | 0.043T |
Markel MKL | $1,879.09 | 0.17% | 23.28B |
Erie Indemnity ERIE | $236.86 | 2.14% | 12.39B |
Sampo SAMPO.HE | $11.00 | 0.98% | 29.01B |
Molina Healthcare MOH | $194.77 | 0.43% | 10.17B |
W. R. Berkley WRB | $72.09 | 0.62% | 26.75B |
Principal PFG | $115.13 | 1.26% | 24.65B |
Swiss Life SLHN.SW | $1,180.81 | 0.19% | 33.00B |
Sompo Holdings 8630.T | $43.60 | 3.39% | 0.039T |
Talanx TLX.DE | $134.14 | 0.78% | 34.64B |
Corebridge Financial CRBG | $31.31 | 0.38% | 14.10B |
Cincinnati Financial CINF | $178.03 | 0.20% | 27.32B |
 QBE Insurance QBE.AX | $17.57 | 0.85% | 26.25B |
SBI Life Insurance SBILIFE.NS | $20.07 | 1.75% | 0.02T |
Everest Group EG | $372.05 | 0.56% | 14.40B |
Aviva AV.L | $9.47 | 1.18% | 0.283B |
Fidelity National Financial FNF | $51.59 | 0.00% | 13.89B |
HDFC Life HDFCLIFE.NS | $5.80 | 0.84% | 0.013T |
Suncorp SUN.AX | $13.55 | 0.21% | 14.36B |
 Reinsurance Group of America RGA | $236.37 | 0.20% | 15.49B |
 NN Group NN.AS | $93.92 | 0.29% | 24.57B |
Equitable Holdings EQH | $48.00 | 1.37% | 13.10B |
 U-Haul UHAL | $71.65 | 1.04% | 14.01B |
Tryg TRYG.CO | $23.66 | 0.97% | 14.10B |
BB Seguridade Participações BBSE3.SA | $8.15 | 0.24% | 15.82B |
CNA Financial CNA | $53.59 | 2.13% | 14.50B |
 Taiwan Cooperative Financial 5880.TW | $0.833 | 2.54% | 13.06B |
RenaissanceRe RNR | $321.37 | 0.43% | 13.35B |
AEGON AEG | $9.46 | 0.21% | 13.99B |
Powszechny Zakład Ubezpieczeń PZU.WA | $19.11 | 0.34% | 16.50B |
 Samsung Life Insurance 032830.KS | $200.12 | 7.70% | 0.036T |
New China Life Insurance 601336.SS | $9.31 | 0.43% | 29.05B |
American Financial Group AFG | $141.92 | 0.14% | 11.79B |
ASR Nederland ASRNL.AS | $81.43 | 0.48% | 16.83B |
Admiral Group ADM.L | $51.29 | 0.80% | 0.153B |
Unum UNM | $90.11 | 4.65% | 14.40B |
ICICI Prulife ICICIPRULI.NS | $5.48 | 1.35% | 7.94B |
Insurance Australia Group IAG.AX | $6.02 | 0.59% | 14.07B |
ICICI Lombard ICICIGI.NS | $17.56 | 3.16% | 8.77B |
Assurant AIZ | $282.39 | 1.15% | 13.99B |
T&D Holdings 8795.T | $31.53 | 2.34% | 0.015T |
ageas AGS.BR | $84.84 | 2.23% | 17.75B |
Kinsale Capital Group KNSL | $360.44 | 1.13% | 8.21B |
 Old Republic International ORI | $43.33 | 0.28% | 10.55B |
Gjensidige Forsikring GJF.OL | $29.81 | 0.21% | 14.90B |
Globe Life GL | $184.09 | 1.01% | 14.29B |
Sanlam SLM.JO | $5.37 | 0.66% | 0.112B |
Mapfre MAP.MC | $5.11 | 0.23% | 15.67B |
Primerica PRI | $317.25 | 0.85% | 9.89B |
 Japan Post Insurance 7181.T | $10.96 | 2.43% | 0.012T |
General Insurance Corporation of India GICRE.NS | $3.75 | 0.41% | 6.58B |
RLI Corp. RLI | $61.29 | 0.08% | 5.62B |
PB Fintech POLICYBZR.NS | $17.30 | 3.03% | 7.99B |
Unipol Gruppo UNI.MI | $32.06 | 2.59% | 22.99B |
Medibank MPL.AX | $3.65 | 0.19% | 10.05B |
Aditya Birla Capital ABCAPITAL.NS | $4.45 | 4.96% | 0.012T |
Great Eastern G07.SI | $17.41 | 2.39% | 16.48B |
iA Financial IAG.TO | $147.90 | 0.27% | 13.20B |
Scor SCR.PA | $39.41 | 0.47% | 7.04B |
Selective Insurance SIGI | $95.42 | 0.66% | 5.69B |
Essent Group ESNT | $66.73 | 1.17% | 6.15B |
AXIS Capital AXS | $105.87 | 0.52% | 7.81B |
 Jackson Financial JXN | $126.17 | 3.18% | 8.80B |
First American FAF | $75.40 | 0.55% | 7.70B |
Beazley BEZ.L | $17.44 | 0.19% | 0.103B |
Oscar Health OSCR | $30.74 | 1.54% | 9.27B |
Hiscox HSX.L | $23.97 | 1.77% | 0.077B |
Lincoln National Corporation LNC | $46.09 | 1.05% | 8.82B |
Enact Holdings ACT | $47.88 | 1.18% | 6.68B |
Hanover Insurance Group THG | $232.33 | 0.13% | 8.09B |
White Mountains Insurance Group WTM | $2,101.47 | 0.18% | 5.20B |
Radian Group RDN | $39.29 | 0.77% | 5.22B |
Assured Guaranty AGO | $83.95 | 1.49% | 3.72B |
New India Assurance NIACL.NS | $1.84 | 1.06% | 3.03B |
Steadfast Group SDF.AX | $3.71 | 2.94% | 4.12B |
 Discovery Limited DSY.JO | $15.89 | 0.20% | 0.106B |
Vienna Insurance Group WSV2.F | $82.77 | 0.70% | 10.59B |
Max Financial Services MFSL.NS | $16.17 | 2.90% | 5.55B |
Kemper KMPR | $29.28 | 3.17% | 1.72B |
Porto Seguro PSSA3.SA | $10.64 | 1.28% | 6.82B |
China Taiping Insurance 0966.HK | $2.76 | 1.54% | 9.94B |
Mercury General MCY | $107.26 | 0.13% | 5.94B |
Hagerty HGTY | $11.55 | 0.17% | 3.97B |
CNO Financial Group CNO | $55.26 | 0.31% | 5.16B |
Genworth Financial GNW | $9.82 | 0.10% | 3.76B |
Alm. Brand ALMB.CO | $2.62 | 0.29% | 3.58B |
Brighthouse Financial BHF | $61.84 | 0.11% | 3.55B |
Thai Life Insurance TLI.BK | $0.357 | 1.71% | 4.09B |
E-L Financial ELF.TO | $12.06 | 0.12% | 4.17B |
Uniqa Insurance Group UN9.F | $20.64 | 0.45% | 6.39B |
NMI Holdings NMIH | $44.58 | 0.63% | 3.35B |
ZhongAn Insurance 6060.HK | $1.43 | 0.81% | 2.40B |
Intercorp Financial Services IFS | $59.80 | 2.56% | 6.64B |
Old Mutual OMU.JO | $0.817 | 0.75% | 0.033B |
Coface COFA.PA | $18.60 | 1.96% | 2.78B |
Goosehead Insurance GSHD | $65.66 | 5.90% | 2.35B |
AUB Group AUB.AX | $19.92 | 1.47% | 2.60B |
SiriusPoint SPNT | $23.64 | 0.04% | 2.75B |
Palomar Holdings PLMR | $136.51 | 2.03% | 3.62B |
Harel Group HARL.TA | $58.57 | 2.11% | 0.12B |
Protector Forsikring PROT.OL | $51.69 | 0.20% | 4.26B |
Santam SNT.JO | $23.91 | 2.54% | 0.026B |
Hamilton Insurance Group HG | $35.62 | 0.95% | 3.54B |
Momentum Metropolitan MTM.JO | $2.47 | 0.29% | 0.032B |
Trisura Group TSU.TO | $29.73 | 1.56% | 1.40B |
Horace Mann Educators HMN | $51.81 | 0.58% | 2.09B |
Skyward Specialty Insurance Group SKWD | $60.87 | 1.53% | 2.47B |
Safety Insurance SAFT | $103.19 | 0.19% | 1.51B |
HCI Group HCI | $179.28 | 2.44% | 2.29B |
Lemonade LMND | $53.05 | 9.81% | 4.10B |
Employers Holdings EIG | $50.65 | 0.20% | 909.70M |
Trupanion TRUP | $24.92 | 1.76% | 1.09B |
Root Insurance ROOT | $57.07 | 5.39% | 903.21M |
AMERISAFE AMSF | $30.18 | 3.93% | 564.48M |
Religare RELIGARE.NS | $2.74 | 3.14% | 0.934B |
Nürnberger Versicherung NBG6.F | $141.41 | 0.00% | 1.63B |
EverQuote EVER | $24.10 | 4.44% | 852.50M |
Univest UVSP | $44.50 | 0.59% | 1.23B |
International General Insurance IGIC | $27.88 | 0.11% | 1.19B |
Tiptree TIPT | $17.67 | 0.56% | 658.03M |
United Fire Group UFCS | $52.09 | 1.42% | 1.34B |
Universal Insurance Holdings UVE | $44.23 | 1.19% | 1.23B |
American Coastal Insurance Corporation ACIC | $10.93 | 2.87% | 529.47M |
Sukoon Insurance SUKOON.AE | $1.48 | 0.00% | 0.682B |
Hippo HIPO | $32.55 | 3.50% | 858.97M |
Greenlight Reinsurance GLRE | $16.64 | 0.06% | 551.89M |
Global Indemnity GBLI | $27.50 | 0.00% | 401.75M |
Waterdrop Inc. WDH | $1.09 | 2.68% | 391.64M |
Donegal Group DGICA | $19.76 | 0.10% | 732.10M |
Asia Financial Holdings 0662.HK | $0.59 | 0.00% | 0.546B |
Sjóvá-Almennar tryggingar SJOVA.IC | $0.348 | 0.00% | 0.404B |
MBIA MBI | $5.23 | 2.15% | 266.39M |
James River Group JRVR | $4.60 | 2.45% | 212.69M |
NI Holdings NODK | $15.54 | 2.57% | 318.28M |
Investors Title Company ITIC | $291.88 | 0.90% | 551.07M |
Regional Management RM | $34.72 | 7.59% | 324.28M |
Heritage Insurance HRTG | $30.22 | 2.89% | 914.87M |
National General Insurance Company NGI.AE | $1.59 | 0.00% | 262.30M |
 Vátryggingafélag Íslands VIS.IC | $0.122 | 0.00% | 0.24B |
ÖKOWORLD VVV3.DE | $30.82 | 0.75% | 201.73M |
Dubai National Insurance & Reinsurance Company DNIR.AE | $0.885 | 0.00% | 102.21M |
Citizens Inc CIA | $4.66 | 1.48% | 235.58M |
Islamic Arab Insurance SALAMA.AE | $0.259 | 1.17% | 212.11M |
Kingstone Companies KINS | $20.16 | 0.95% | 292.01M |
Takaful Emarat - Insurance TAKAFUL-EM.AE | $0.455 | 0.60% | 90.83M |