There are several ways to measure the scale of firms. The size of companies can be determined using their market cap (the worth of the business on an exchange) or sales figures, like net premiums written during the past year or the number of policy policies sold. Market capitalization, also referred to as a market cap, is the value of the company's stock and can be calculated simply by multiplying the number of open shares divided by the current price for shares. It's a simple method to determine the worth of a company's stock to investors.
Large market cap companies tend to be conservative investments that have been in place for a long time. They will likely see steady growth and have the lowest risk. Mid-cap companies also have a long history, but they are also highly growth-oriented. Additionally, small-cap businesses are typically new ones with a lot of growth potential. Investing in these companies is the highest risk since they are more prone to economic recessions than more established mid and large-cap businesses.
Berkshire Hathaway (BRK.A)
- Net Income: $35.8 billion
- Revenue: $279.2 billion
- Market Cap: $549.0 billion
Berkshire Hathaway Inc. is an important conglomerate and one of the country's top insurance firms, with businesses in railroad transportation, utilities, manufacturing, energy, and retailing. Berkshire offers primary insurance and the reinsurance of casualty and property risks.
Ping An Insurance (Group) Co. of China Ltd. (PNGAY)
- Net Income: $17.5 billion
- Revenue: $155.0 billion
- Market Cap: $230.8 billion
Ping An Insurance is involved mostly in banking, financial services and. It is among the top 50 companies by the Shanghai Stock Exchange.
AXA SA (AXAHY)
- Net Income: $3.3 billion
- Revenue: $112.4 billion
- Market Cap: $55.7 billion
AXA is among the largest insurance groups globally, with major businesses covering life and property insurance savings and asset management. Several insurance companies joined forces to form AXA in the late 1990s. It operates across all the major global markets.
China Life Insurance Co. Ltd. (LFC)
- Net Income: $7.2 billion
- Revenue: $111.1 billion
- Market Cap: $64.0 billion
China Life Insurance is one of China's biggest state-owned financial and insurance firms and an important participant within the Chinese capital market as an institutional investor. The company was established in 1949, the same year when it was the year that the People's Republic of China was created. Currently, the company has many subsidiaries that span life insurance pension plans, management of assets, and casualty and property and investments.
Allianz SE (ALIZY)
- Net Income: $7.7 billion
- Revenue: $97.5 billion
- Market Cap: $98.0 billion
Allianz is a world-class financial services provider, offering services and products ranging from the insurance industry to asset administration. It offers insurance services ranging from casualty and property policies to life and health insurance for individual and corporate customers. The headquarters of the company is in Germany.
Assicurazioni Generali (ARZGY)
- Net Income: $1.8 billion
- Revenue: $86.6 billion
- Market Cap: $28.5 billion
Based in Italy, Assicurazioni Generali is an insurance provider that operates internationally. It offers a range of non-life, life, and reinsurance options. Although a significant portion of the business of Assicurazioni Generali is located in Europe, it is also expanding its market share across Asia and Latin America.
The People's Insurance Co. (Group) of China Ltd. (PINXY)
- Net Income: $4.0 billion
- Revenue: $85.5 billion
- Market Cap: $14.9 billion
The Chinese state, as their sole shareholders, The People's Insurance Co. has a variety of subsidiaries that offer life, property pension, health, and insurance, in addition to insurance reinsurance, among other services. The company also provides assets management services.
Aviva PLC (AVVIY)
- Net Income: $2.9 billion
- Revenue: $46.9 billion
- Market Cap: $18.8 billion
U.K.-based Aviva PLC is an international insurance provider that offers transportation, aviation, marine motor, fire, life insurance, and a variety of financial products. The company's UK Life business and General Insurance business are among the best in their marketplace in the U.K.
Legal &'' General Group PLC (LGGNY)
- Net Income: $1.6 billion
- Revenue: $45.2 billion
- Market Cap: $21.8 billion
Legal &'' General Group is a London-based financial and insurance business. The firm offers various assets management, retirement, savings, and general insurance services with a global client base.
Prudential PLC (PUK)
- Net Income: -$0.7 billion
- Revenue: $35.1 billion
- Market Cap: $49.9 billion
Prudential PLC is a London-based insurance and investment services firm providing products from health, life accidents, property and casualty insurance policies, and equity plans, pensions, mortgages, and other financial services. Prudential can also serve customers across all major markets, which includes the U.K., its home market.
