Largest insurance companies by market capitalization

By Nicole Green

Last Updated:

Rank Logo Name Ticker Market Cap Price Today % Country
1 UnitedHealth UNH $274.91 B $303.55 1.24% USA
2 Allianz SE ALV.DE $167.93 B $435.58 0.16% Germany
3 Progressive PGR $145.74 B $248.54 1.64% USA
4 China Life Insurance 601628.SS $145.44 B $5.86 0.31% China
5 Ping An Insurance 601318.SS $144.97 B $8.30 0.71% China
6 Chubb CB $111.19 B $278.90 0.28% Switzerland
7 AXA CS.PA $106.70 B $50.02 0.60% France
8 Zurich Insurance Group ZURN.SW $104.93 B $737.49 0.03% Switzerland
9 Marsh & McLennan Companies MMC $103.58 B $210.69 0.25% USA
10 AIA 1299.HK $99.24 B $9.40 0.88% Hong Kong
11 Munich RE (Münchener Rück) MUV2.DE $84.32 B $650.63 0.57% Germany
12 Tokio Marine 8766.T $83.54 B $43.33 0.85% Japan
13 Aon AON $80.86 B $375.02 0.27% UK
14 The Cigna Group CI $80.57 B $301.84 0.90% USA
15 Arthur J. Gallagher & Co. AJG $78.38 B $305.76 1.03% USA
16 Elevance Health ELV $70.13 B $311.48 0.48% USA
17 Life Insurance Corporation of India (LIC) LICI.NS $64.89 B $10.26 0.42% India
18 The Travelers Companies TRV $61.88 B $274.88 0.18% USA
19 Generali G.MI $60.93 B $40.13 0.32% Italy
20 Allstate ALL $54.49 B $206.81 3.19% USA
21 Swiss Re SREN.SW $53.83 B $183.07 0.67% Switzerland
22 MetLife MET $52.57 B $79.06 0.04% USA
23 China Pacific Insurance 601601.SS $51.15 B $5.56 1.12% China
24 Manulife Financial MFC $50.99 B $30.00 0.25% Canada
25 The People's Insurance Company (PICC) 601319.SS $50.71 B $1.21 1.52% China
26 KBC KBCSF $47.95 B $105.70 0.00% Belgium
27 American International Group AIG $45.66 B $82.44 0.12% USA
28 Fairfax Financial FFH.TO $38.98 B $1,741 2.17% Canada
29 Prudential Financial PRU $37.68 B $107.07 0.06% USA
30 The Hartford HIG $37.46 B $133.23 0.55% USA
31 Great-West Lifeco GWO.TO $36.63 B $39.62 0.05% Canada
32 Talanx TLX.DE $36.33 B $140.47 0.74% Germany
33 Intact Financial IFC.TO $36.01 B $201.94 0.30% Canada
34 MS&AD Insurance 8725.T $35.96 B $24.03 0.83% Japan
35 Hannover Rück HNR1.DE $35.86 B $297.43 0.47% Germany
36 Humana HUM $35.51 B $295.26 1.82% USA
37 Arch Capital ACGL $34.86 B $93.40 0.61% Bermuda
38 Prudential PUK $34.53 B $26.98 1.03% UK
39 Sun Life Financial SLF $33.05 B $58.77 0.36% Canada
40 Willis Towers Watson WTW $32.80 B $336.34 0.19% UK
41 Swiss Life SLHN.SW $31.97 B $1,121 0.11% Switzerland
42 Brown & Brown BRO $31.86 B $96.62 0.18% USA
43 Cathay Financial Holding 2882.TW $31.04 B $2.12 2.22% Taiwan
44 Sampo SAMPO.HE $31.04 B $11.55 0.62% Finland
45 Dai-ichi Life Holdings 8750.T $30.66 B $8.36 0.48% Japan
46 Sompo Holdings 8630.T $29.47 B $31.54 1.58% Japan
47 W. R. Berkley WRB $27.47 B $72.43 0.29% USA
48 Aviva AV.L $27.47 B $9.04 0.24% UK
49 New China Life Insurance 601336.SS $26.25 B $9.36 0.39% China
50 Markel MKL $24.87 B $1,966 0.31% USA
51 Cincinnati Financial CINF $23.94 B $153.15 0.33% USA
52 SBI Life Insurance SBILIFE.NS $21.56 B $21.51 1.01% India
53 QBE Insurance QBE.AX $20.79 B $13.77 0.70% Australia
54 HDFC Life HDFCLIFE.NS $19.64 B $9.11 0.14% India
55 Erie Indemnity ERIE $18.82 B $360.06 1.16% USA
56 NN Group NN.AS $18.80 B $71.15 0.07% Netherlands
57 Corebridge Financial CRBG $18.33 B $34.04 0.48% USA
58 Samsung Life Insurance 032830.KS $17.86 B $99.50 7.40% S. Korea
59 Principal PFG $17.53 B $78.70 0.02% USA
60 Meritz Financial Group 138040.KS $16.32 B $92.00 8.32% S. Korea
61 Fidelity National Financial FNF $16.06 B $59.13 0.24% USA
62 Tryg TRYG.CO $15.86 B $26.31 0.06% Denmark
63 Equitable Holdings EQH $15.54 B $51.90 0.34% USA
64 Powszechny Zakład Ubezpieczeń PZU.WA $15.52 B $17.97 1.42% Poland
65 Unipol Assicurazioni UNI.MI $15.39 B $21.31 0.71% Italy
66 ASR Nederland ASRNL.AS $15.16 B $72.59 0.45% Netherlands
67 Suncorp SUN.AX $14.99 B $13.84 0.80% Australia
68 Admiral Group ADM.L $14.75 B $49.36 0.44% UK
69 Everest Group EG $14.55 B $346.91 0.99% Bermuda
70 Centene CNC $14.24 B $29.00 1.38% USA
71 Gjensidige Forsikring GJF.OL $14.20 B $28.41 0.28% Norway
72 Helvetia Holding HELN.SW $14.08 B $266.45 0.28% Switzerland
73 ageas AGS.BR $13.92 B $73.02 0.08% Belgium
74 Mapfre MAP.MC $13.72 B $4.47 0.57% Spain
75 Insurance Australia Group IAG.AX $13.30 B $5.62 3.85% Australia
76 CNA Financial CNA $13.27 B $49.04 0.24% USA
77 T&D Holdings 8795.T $13.19 B $26.34 0.18% Japan
78 AEGON AEG $12.64 B $8.00 7.24% Netherlands
79 Reinsurance Group of America RGA $12.62 B $191.06 0.70% USA
80 Taiwan Cooperative Financial 5880.TW $12.57 B $0.80 0.41% Taiwan
81 Bâloise BALN.SW $12.20 B $268.18 0.56% Switzerland
82 Unum UNM $11.79 B $69.28 0.24% USA
83 RenaissanceRe RNR $11.67 B $248.12 0.03% Bermuda
84 Globe Life GL $11.30 B $139.57 0.34% USA
85 BB Seguridade Participações BBSE3.SA $11.19 B $5.77 1.03% Brazil
86 ICICI Lombard ICICIGI.NS $11.19 B $22.54 0.07% India
87 American Financial Group AFG $11.10 B $133.11 0.75% USA
88 Assurant AIZ $10.83 B $214.81 0.27% USA
89 Kinsale Capital Group KNSL $10.76 B $462.00 1.33% USA
90 ICICI Prulife ICICIPRULI.NS $10.43 B $7.21 0.45% India
91 Japan Post Insurance 7181.T $10.35 B $27.89 0.46% Japan
92 Sanlam SLM.JO $10.34 B $4.96 0.19% South Africa
93 PB Fintech POLICYBZR.NS $10.01 B $21.86 0.72% India
94 iA Financial IAG.TO $10.00 B $107.82 1.79% Canada
95 U-Haul UHAL $9.79 B $56.86 0.74% USA
96 Old Republic International ORI $9.78 B $39.40 0.24% USA
97 Molina Healthcare MOH $9.37 B $172.99 0.35% USA
98 Phoenix Group PHNX.L $9.33 B $9.29 0.29% UK
99 Medibank MPL.AX $9.31 B $3.38 0.57% Australia
100 The Phoenix Holdings PHOE.TA $9.14 B $36.40 7.92% Israel

*This list highlights the leading companies in this category, ranked by their market value. Only publicly traded companies are included, since private companies don’t share enough financial details to estimate their value.

Market capitalization (or market cap) is the total value of a public company. It’s usually calculated by multiplying the company’s share price by the number of shares available.

Stock prices may not always be live and can be delayed from a few minutes to several hours.

All company logos are owned by their respective copyright holders and are shown here for editorial use only.