5. Ping An
Ping Is An One Of The Best Insurance Companies of China and it is a financial services company,Its headquartered is at Shenzhen.
With subsidiaries Ping An Life Insurance Company of China, Ping An Property and Casualty Insurance Company of China, China Ping An Insurance Overseas Holding and Ping An Trust & Investment Company.
The company operates through the segments: Life Insurance, Property & Casualty, Banking, Securities and Corporate. The Life Insurance segment offers life insurance products such as term, whole-life, endowment, annuity, investment-linked, universal life, and healthcare insurance.
Revenues (FY13): $ 69 Billion
Net Profit (FY13): $4.6 Billion
Market Cap (Q1-14): $65.6 Billion
4. American International Group (AIG)
American International Group , Having headquartered in New York, US Is one of the Best INSURANCE COMPANY IN THE WORLD .It is American multinational Insurance Corporation is an American multinational,
The company is a provider of property casualty insurance, life insurance and retirement services, and mortgage insurance.
American International Group serves in more than 130 countries, with around 64000 employees globally.
AIG is the largest underwriter of commercial and industrial insurance in United States.AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer.
Revenues (FY13): $ 68.7 Billion
Net Profit (FY13): $9.1 Billion
Market Cap (Q1-14): $72.3 Billion
3. Allianz
Allianz Is a best German multinational financial services company headquartered in Munich. Allianz Was founded in 1890, with product portfolio of marine and accident policies.
With operations in more than 70 Countries, it employs more than 1, 48,000 people worldwide.
The company is ranked 27 in Forbes Global 2000 list, with rank of 77 for World’s most valuable brands for 2014.
It offers private individual insurance including family insurance, health insurance, car & motorbike insurance, house & home insurance and retirement planning benefits. In business insurance category, it serves large corporations, small and medium sized companies and provides credit insurance.
Revenues (FY13): $ 127.2 Billion
Net Profit (FY13): $8 Billion
Market Cap (Q1-14): $76.8 Billion
It is also one of the largest institutional investors in China’s Capital market.
Company headquartered in Beijing is one of the large state-owned financial and insurance companies. Company founded as PICC in 1996 was renamed as China life Insurance Company in 1999.
China Life Insurance Companies and its subsidiaries form the largest commercial insurance group in Mainland China
China Life Investment Holding Company Limited, and Insurance professional college as its subsidiaries.
The Company operates through 3 segments: Individual Life Insurance, Group Life Insurance and Short Term Insurance.
Revenues (FY13): $ 67.9 Billion
Net Profit (FY13): $4 Billion
Market Cap (Q1-14): $80 Billion
Berkshire Hathaway Inc Is The Best INSURANCE COMPANY IN THE WORLD .Berkshire Hathaway Inc. is an American multinational conglomerate, headquartered in Omaha, Nebraska, United States.
The company is known for its control by investor Warren Buffet, who transformed the earlier textile company into the insurance industry and other investments.
The group includes insurance companies like GEICO, General Re, Berkshire Hathaway Primary Group, and Berkshire Hathaway Reinsurance Group. As per Forbes list, Berkshire Hathaway is world’s 5th largest public company.
It provides insurance services both on a primary basis and a reinsurance basis.
Berkshire ventured into the insurance business after purchase of National Indemnity Company. In 1970, it acquired an equity stake in Government Employees Insurance Company (GEICO), which forms the major part of the insurance business for Berkshire today.
Revenues (FY13): $ 182 Billion
Net Profit (FY13): $19.5 Billion
Market Cap (Q1-14): $308 Billion