There are a number of ways to classify the size of insurance companies. Companies can be measured by market capitalization (the value of the company on a stock market) or with sales numbers such as net premiums written in a year or how many policies were sold.
Main public insurance after market capitalization
Investors can buy shares in companies listed in the insurance sector. The largest insurance companies from the first quarter of 2014 after market capitalization of the global stock markets are:
Insurance is not related to Health
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| (Source: Thomson Reuters) |
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Not all insurance companies are publicly traded. In fact, many insurers are structured as mutuals in which the policyholders of the participating strategies are essentially part owner of the company. The model company for a mutual insurance company goes back hundreds of years, and there are certain benefits granted to policyholders who are not publicly traded with securities.
The largest insurance companies sales and product lines
It is useful to distinguish between the type of insurance or line considered when larger insurance companies are considering. With data sales is useful because some of the US largest insurance companies are not publicly traded and hence their market value is not easy to determine.
Victim real estate
Property insurers write guidelines that cover accidents such as real estate, houses, cars and other vehicles. They also write guidelines that deal with the tasks that may arise to these functions through the accident or negligence, covering the cost of litigation or medical damages arising from such incidents.
The first insurance companies owned by the United States in 2013 by booked net premiums (the amount of money that non-life insurance can expect to receive over the term of the contract, less fees and costs) are:
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| (Source A.M. Best) |
Life Insurance Companies
The life insurance companies promise to pay a lump sum to the insured death. Although actuarial science has set death charts to accurately estimate the future liability policyholders have to pay financial power ensures that these companies can meet all their obligations while still making a profit.
The life insurance companies in the United States can be classified by direct premiums (the number of newly concluded contracts written directly and not reinsured). 2013:
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| (Source: NAIC) |
Health Insurance
The health insurance companies offer guidelines to cover all or part of the medical costs and the health of the insured. Guidelines can be purchased individually or by an employer. Technically, the government of the United States managed to become the largest provider of health insurance in America through the Medicare program, social security and Medicaid by individual states. (For more information, see: 5 things you know about Obamacare.)
The health insurance largest in the United States was not sponsored by the government, measured by direct total in 2007 collected premiums were:
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| (Source: NAIC) Caveat emptor: The sales data of the health insurance funds are from the year 2007, the last year of the available data. The Health Law Affordable (also called "Obamacare") may have changed these positions. |
Bottom line
The ranking of the largest insurance companies can take place in various ways. Shares of companies can list a well diversified investment portfolio to help buy that has exposure to financial and healthcare sectors. Identifying the types of insurance companies a company mainly helps to determine which companies are competitors, and they really are not. Regarding the sales figures, or within a year collected premiums, you can also see how public companies compare with private companies or on reciprocity, which form a large part of the industry.
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