Berkshire Hathaway Insurance Company is the number one best profitable insurance company and has revenue $194 billion. As we know that we face many kinds of challenges in our life like the accident, the victim of natural disaster or fire, and some others. These risks bring pain, and sometimes we suffer financially. For that purpose Insurance companies are the best way to prepare worst, it provides you surety of economic pain.
Nowadays, Insurance Companies are spread from one country to another and offering specialized insurance products. There are many insurance companies in the world, but some are most profitable. These companies help in the worst time and repair your small or massive damage. The following 10 are the best profitable insurance companies in the world that are working best for your bright future.
10. Zurich Insurance Company – $67.98 Revenue
Zurich Insurance Company is the largest Insurance company in Switzerland and headquartered located in Zurich. It established in 1872. This company is operating more than 170 countries and has about 60,000 employees in almost 170 countries. Zurich Group and its subsidiaries are providing insurance products and services in 170 countries.
9. Munich Re Group – $81.7 Billion Revenue
Munich Re Group is working almost in 30 countries and established in 1880. The primary focus of the group in Asia and Europe. ERGO Insurance Group is its subsidiary which that provides a long range of insurance, provision, and services. In the market for Munich Re Group in Germany where ERGO is a leader. It has 45,000 employees and working on all type of insurance like life reinsurance, health reinsurance, accident reinsurance, liability business, motor reinsurance, property casualty business, marine reinsurance, fire reinsurance, and aviation reinsurance.
8. China Life Insurance Company – $87.2 Billion Revenue
China Life Insurance company is also one of the best profitable insurance company in the world which founded in 1949. It is one of largest state-owned insurance and financial services company of China. This insurance company plays a significant role in the Chinese Capital Market as an institutional investor. China Life Insurance company has seven subsidiaries, it does not only give you life and health insurance, but it also provides casualty insurance which clients can use in emergency and times of need. The business of this Chinese Insurance company is spread all over the world and listed on the New York, The Shanghai Stock Exchange, and Hong Kong Stock Exchange.
7. Prudential Plc (PUK) – $99.0 Billion Revenue
Prudential plc (PUK) is one of best profitable insurance and financial services company which operating 24 million customers across Asia, the UK, USA, and recently also in Africa. It was established in 1848 in The United Kingdom and headquartered located in London, UK. The leading business within the group is Prudential Corporation Asia, Jackson National Life Insurance Company, M&G Investments Prudential UK, Almost 22,308 employees are working in this company worldwide and listed on the stock exchanges of London, Singapore, Hong Kong, and New York.
6. Assicurazioni Generali S.p.A – $118.9 Billion Revenue
Aaicurazioni generali is also one of the profitable insurance company which established in 1831. It is the market leader insurance group in Italy as well as the player in the field of global insurance and financial products. This insurance company is operating work in 60 countries. The primary focus of this insurance group is life insurance, family protection and saving policies to unit-linked insurance plans. It gives coverage of car, home, accident, health, commercial and industrial risk. It has 77,000 employees and 65 million client base all over a globe.
5. Japan Post Holding Co. Ltd – $129.7 Billion Revenue
Japan Post Holding Co. Ltd is the largest insurance organization in Japan which has four primary parts: Japan Post Service for mail delivery, Japan Post Bank for deals with banking functions, Japan Post Network runs the post offices and Japan Post Insurance which provides life insurance. It was established in 2006 and headquartered located in Kasumigaseki, Tokyo, Japan. Japan Post Insurance is the largest insurer in Japan and 80 % corporation owned by a government. It provides life insurance, nonlife, automobile, and medical insurance services.
4. Allianz SE – $136.8 Billion Revenue
Allianz SE is also included in our list of top 10 most profitable insurance companies which is a big multinational insurance company. It founded in 1890 and headquarters located in Munich, Germany. Allianz SE was leading insurance provider in Europe in 1920. It is working in over 70 countries and has over 142,000 employees. This insurance company covers these operations like life, health, travel, retirement, and asset management. The activities of the company lead three bodies which are General Management, Board of Directors, and Supervisory Board.
3. United Health Group – $157.1 Billion Revenue
United Health Group insurance company is also one of the best profitable company and at the top of the list of diversified health care business in America. This company is serving more than 85 million people in every state of USA. It established in 1977 and headquarters located in Minnetonka Minnesota, U.S. Now it has become the World’s Most Admired Company in the United States.
2. AXA – $161.2 Billion Revenue
AXA is a Global Insurance company which headquartered located in Paris with the core business schedule in which life with saving included. It established in 1817 with the help of many insurance companies. This multinational insurance company is working in Europe, North America, and Asia Pacific. The main insurance in this company is life insurance, savings case management, and Casualty and property insurance. The Board of AXA consists of six members who look after its operations. In the result of 50 % acquisition of Tian Ping, it became second largest insurance company in 2013.
1. Berkshire Hathaway Insurance Company – $194.7 Billion Revenue
The most profitable insurance company which established in 1889. Oliver Chance is the founder of the company and headquartered located in Omaha, Nebraska, USA. Berkshire Hathaway is a conglomerate, engaged with other businesses like rail transportation, finance, manufacturing, utilities and energy, services and retailing. Some companies are the subsidiaries of the group such as Berkshire Hathaway Reinsurance Group, National Indemnity Company, GEICO, Berkshire Hathaway Primary Group, and General Re, Applied Underwriters, Medical Protective Company; CU.S. Warren Buffet is the Chief Executive Officer and Charlie Munger Vice Chairman of the company.
10 Best Profitable Insurance Companies for Best Future
|Sr. No||Profitable Insurance Companies||Revenues (Billion)
|1||Berkshire Hathaway Insurance Company||$194.7|
|3||United Health Group,||$157.1|
|5||Japan Post Holding Co. Ltd||$129.7|
|6||Assicurazioni Generali S.p. A||$118.9|
|7||Prudential plc (PUK),||$99.0|
|8||China Life Insurance Company||$87.2|
|9||Munich Re Group,||$81.7|
|10||Zurich Insurance Company,||$67.98|
We conclude from this article Insurance is the best way for saving. Sometimes when we suffer from financial risks, it helps you and overcome their loss even your small damage.