Largest Public Insurance Companies by Market Capitalization
Investors can buy shares of publicly traded companies in the insurance industry. The largest insurance companies as of Q1 2014 by market capitalization on the world stock exchanges are:
Non-health Insurance Companies:
(Source: Thompson Reuters)
Health Insurance and Managed Health Care Companies:
(Source: Thompson Reuters)
Not all insurance companies are publicly traded. In fact, many insurers are structured as mutual companies where policy holders of participating policies are essentially partial owners of the company. The mutual company model for an insurance company dates back hundred of years, and there are certain benefits conferred on policyholders that do not exist with publicly traded (stock company) insurers. (For more, see: The Industry Handbook: The Insurance Industry.)
Largest Insurance Companies by Sales and Product Line
It is useful to differentiate between the type of insurance, or line, that is being considered when considering the largest insurance companies. Using sales data is helpful as some of the largest insurance companies in the United States are not publicly traded and therefore their market value is not easily ascertained.
Property & Casualty
Property casualty insurers write policies covering property such as real estate, dwellings, cars and other vehicles. They also write policies dealing with liabilities that may be incurred by accident or negligence related to those properties to defray the cost of lawsuits or medical damages resulting from such incidents.
The top U.S. property casualty companies in 2013 by net premiums written (the amount of money that non-life policies can expect to receive over the life of the contract, less commissions and costs) are:
(Source A.M. Best)
Life Insurance Companies
Life Insurance companies promise to pay out a lump sum benefit upon the death of the insured. Although actuarial science has created mortality tables to accurately estimate the future liability of policies to be paid, having financial strength ensures that these companies can meet all of their obligations while still earning a profit.
Life Insurance companies in the U.S. can be ranked by direct premium written (the amount of new policies written directly and not re-insured). For 2013:
(Source: NAIC)
Health Insurance Companies
Health insurance companies provide policies to cover all or part of policyholder's health and medical costs. Policies may be purchased individually or through an employer. Technically, the United States government is the largest health insurance provider in America through the Medicare program, Social Security and with Medicaid administered by individual states. (For more, see: 5 Things You Need To Know About Obamacare.)
The largest non-government sponsored U.S. health insurance companies measured by total direct premium collected in 2007 was:
(Source: NAIC. Caveat emptor: The sales
data on health insurance companies is from 2007, the last year of
available data. The Affordable Care Act (aka 'Obamacare') may have
altered these standings.)
Investors can buy shares of publicly traded companies in the insurance industry. The largest insurance companies as of Q1 2014 by market capitalization on the world stock exchanges are:
Non-health Insurance Companies:
| Company Name | Market Capitalization |
| Berkshire Hathaway (BRK.A) | $308 billion |
| China Life Insurance (LFC) | $80 billion |
| Allianz (AZSEY) | $76.8 billion |
| American International Group (AIG) | $72.3 billion |
| Ping An of China (PNGAY) | $65.6 billion |
| MetLife (MET) | $59.4 billion |
| AXA (AXA) | $57.8 billion |
| AIA Group Hong Kong (AAIGF) | $54.4 billion |
| ING Groep (ING) | $54.4 billion |
| Zurich Insurance (ZURVY) | $45.4 Billion |
Health Insurance and Managed Health Care Companies:
| Company Name | Market Capitalization |
| United Healthcare (UNH) | $91.8 billion |
| Wellpoint (WLP) | $34.3 billion |
| Aetna (AET) | $29.8 billion |
| CIGNA Corp. (CI) | $26.8 billion |
| Humana (HUM) | $21.1 billion |
| Centene Corp. (CNC) | $5.7 billion |
| Health Net, Inc. (HNT) | $3.9 billion |
| WellCare Health Plans (WCG) | $3.1 billion |
| Healthspring (HS) | $3.7 billion |
| Molina Healthcare (MOH) | $2.4 billion |
Not all insurance companies are publicly traded. In fact, many insurers are structured as mutual companies where policy holders of participating policies are essentially partial owners of the company. The mutual company model for an insurance company dates back hundred of years, and there are certain benefits conferred on policyholders that do not exist with publicly traded (stock company) insurers. (For more, see: The Industry Handbook: The Insurance Industry.)
Largest Insurance Companies by Sales and Product Line
It is useful to differentiate between the type of insurance, or line, that is being considered when considering the largest insurance companies. Using sales data is helpful as some of the largest insurance companies in the United States are not publicly traded and therefore their market value is not easily ascertained.
Property & Casualty
Property casualty insurers write policies covering property such as real estate, dwellings, cars and other vehicles. They also write policies dealing with liabilities that may be incurred by accident or negligence related to those properties to defray the cost of lawsuits or medical damages resulting from such incidents.
The top U.S. property casualty companies in 2013 by net premiums written (the amount of money that non-life policies can expect to receive over the life of the contract, less commissions and costs) are:
| Company | Net Premiums Written |
| State Farm Group | $50.8 billion |
| Allstate Insurance Group (ALL) | $24.8 billion |
| Liberty Mutual | $21.5 billion |
| Berkshire Hathaway (includes GEICO) | $21.4 billion |
| Travelers Group (TRV) | $20.6 billion |
| American International Group (AIG) | $19.7 billion |
| Nationwide Group | $14.5 billion |
| Progressive Insurance Group (PGR) | $14.5 billion |
| Farmers Insurance Group | $14.1 billion |
| USAA Group | $10.7 billion |
Life Insurance Companies
Life Insurance companies promise to pay out a lump sum benefit upon the death of the insured. Although actuarial science has created mortality tables to accurately estimate the future liability of policies to be paid, having financial strength ensures that these companies can meet all of their obligations while still earning a profit.
Life Insurance companies in the U.S. can be ranked by direct premium written (the amount of new policies written directly and not re-insured). For 2013:
| Company | Total Direct Premium | Market Share |
| MetLife (MET) | $11.5 billion | 7.98% |
| Northwestern Mutual | $9.4 billion | 6.55% |
| Prudential of America (PRU) | $8.4 billion | 5.79% |
| New York Life | $7.8 billion | 5.42% |
| Lincoln National | $6.1 billion | 4.27% |
| MassMutual | $5.1 billion | 3.52% |
| John Hancock | $4.8 billion | 3.37% |
| Aegon (AEG) | $4.1 billion | 2.82% |
| State Farm | $4.0 billion | 2.79% |
| Guardian Life Insurance Co. | $3.4 billion | 2.34% |
Health Insurance Companies
Health insurance companies provide policies to cover all or part of policyholder's health and medical costs. Policies may be purchased individually or through an employer. Technically, the United States government is the largest health insurance provider in America through the Medicare program, Social Security and with Medicaid administered by individual states. (For more, see: 5 Things You Need To Know About Obamacare.)
The largest non-government sponsored U.S. health insurance companies measured by total direct premium collected in 2007 was:
| Company | Total Direct Premium | Market Share |
| United Healthcare (UNH) | $66.8 billion | 11.70% |
| Wellpoint Group (WLP) | $55.7 billion | 9.75% |
| Kaiser Permanente | $43.7 billion | 7.66% |
| Humana (HUM) | $21.7 billion | 3.81% |
| Aetna (AET) | $21.7 billion | 3.81% |
| Health Care Service Corp | $14.9 billion | 2.60% |
| American Family | $11.6 billion | 2.04% |
| Highmark | $11.4 billion | 2.01% |
| Blue Cross/Blue Shield | $9.8 billion | 1.72% |
| Cigna (CI) | $9.6 billion | 1.69% |
No comments:
Post a Comment