The world’s largest insurance companies and brokers are critical to understanding the dynamics of the global insurance market. These organizations not only shape industry trends and standards, but also influence regulatory practices, product innovation, and market strategy.
Look at the 5 largest insurance companies in the world in 2024
5. Allianz SE (FWB:ALV)
Market capitalization: $115.36 billion
Allianz SE (FWB:ALV) is a German multinational financial services company specializing in insurance and asset management. The company ranks in the top five on the list of the world’s largest insurance companies in 2024. Allianz SE (FWB: ALV), one of the world’s top insurance companies, has a market capitalization of $115.36 billion as of March 19th. 2024.
4. Elevance Health Inc. (NYSE:ELV)
Market capitalization: $120.01 billion
Elevance Health Inc. (NYSE:ELV) (formerly Anthem Inc.) is an American health insurance company. The company, one of the world’s leading insurance companies, has a market capitalization of $120.01 billion as of March 19, 2024. Elevance Health Inc. (NYSE:ELV) offers medical, pharmaceutical, dental, behavioral health, long-term care, and disability plans.
3. Progressive Corporation (NYSE:PGR)
Market Capitalization: $120.35 billion
Progressive Corporation (NYSE:PGR) is an American insurance company. The company, which is a passenger car, commercial vehicle, motorcycle, RV, trailer, and boat insurance company, is one of the largest auto and automobile insurance companies in the United States. We also offer home insurance, life insurance, and pet insurance. As of March 19, 2024, Progressive Corporation (NYSE:PGR) had a market capitalization of $120.35 billion.
2. UnitedHealth Group Inc. (NYSE:UNH)
Market Capitalization: $454.8 billion
UnitedHealth Group Inc. (NYSE:UNH) is an American multinational health insurance and services company and one of our top 25 companies. included in the list of insurance companies. The company offers health insurance products under his UnitedHealthcare brand. UnitedHealth Group Inc. (NYSE:UNH) provides health insurance, Medicare and Medicaid plans to individuals and families. We also provide health management solutions for small businesses and employers. As of March 19, 2024, the company’s market capitalization is $454.8 billion.
1. Berkshire Hathaway Inc. (NYSE:BRK-B)
Market Cap: $890.85 billion
Berkshire Hathaway Inc. (NYSE:BRK-B) tops the list of the world’s largest insurance companies in 2024 It will be. Led by CEO Warren Buffett, the company’s main business and source of capital is insurance. Berkshire Hathaway (NYSE:BRK-B) provides insurance and reinsurance products primarily covering property and casualty risks through brands such as auto insurer GEICO and reinsurer Gen Re. The company’s market capitalization was $890.85 billion as of March 19, 2024. GEICO is a wholly owned subsidiary of Berkshire Hathaway Company (NYSE:BRK-B), one of America’s largest auto insurance companies.
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