global.gerbangindonesia.org – 11 Largest Insurance Companies in the World by Net Profit
The largest insurance company in the world is usually seen from the total net profit owned. Well, for those of you who want to know who the big insurance companies are, here is the answer.
Insurance companies are one of the promising business fields today.
This is because public awareness of their diverse needs is the main factor that these financial products are becoming increasingly popular.
Although not all insurance products are owned by the public, some of them such as health insurance, travel insurance, and vehicle insurance are still excellent.
The three insurance products are generally offered at once by an insurance company. The premiums also vary, which must adjust to the financial condition of the customer.
Well, for those of you who want to buy an insurance policy or still want to know what are the largest insurance companies in the world with the best services, here is CekAja, which summarizes the information especially for you.
List of the World’s Largest Insurance Companies1. Berkshire Hathaway
1. Berkshire Hathaway
The largest insurance company in the world that CekAja first discussed was Berkshire Hathaway.
Headquartered in Omaha, United States, this insurance company founded by Oliver Chace has a net profit of up to IDR 7,334 trillion.
The profit itself is obtained not only from insurance sales, but also investments made in various business lines such as transportation, property, to manufacturing.
2. Ping An Insurance
Engaged in the financial sector, this leading insurance company from China is also one of the largest insurance companies in the world.
In 2020, this insurance company successfully climbed to position 21 on Fortune’s Global 500 list.
Its success can not be separated from the revenue achieved which reached USD184.2 million with a net profit of USD21.6 million.
3. UnitedHealth Group
In addition to Ping An Insurance, this insurance company based in the United States has also made it into the list of the largest insurance companies in the world. The estimated net profit is IDR 3,156 trillion.
UnitedHealth Group Inc. offers a full range of health insurance products, for individuals, retirees, seniors, families, office workers, to military soldiers.
4. China Life Insurance
The next largest insurance company in the world is China Life Insurance.
The largest life insurance company in China, is known to hold 45 percent of the country’s market with total assets of around USD 580.33 billion.
Its success in registering large assets, helped make China Life [included in Fortune’s Global 500 version, at number 51.
Another largest insurance company in the world is Allianz Insurance.
The company, which is headquartered in Munich, Germany, is already well-known in various countries, including Indonesia.
In Indonesia alone, the total net profit obtained by PT Asuransi Allianz Life is Rp. 1.17 trillion.
The profit value crept up by 48.66 percent year on year, which was also supported by investment income of Rp. 2.48 trillion.
6. AIA Financial
Turning to Allianz, the next one included in the list of the world’s largest insurance companies is AIA Financial.
Founded in 1919, this insurance company, which also operates in Indonesia, was first established in Singapore and is headquartered in Hong Kong until now. Its total net profit reached Rp 1,025 trillion in the second quarter of 2020.
Based on Kontan’s Financial report, the net profit obtained by AIA Financial itself moved up by Rp. 763 billion compared to the same period last year, which was only Rp. 262 billion.
AXA S.A which is also known as one of the largest insurance companies in the world.
Founded in 1816, this global insurance company based in France has a net profit of around 1.4 billion euros.
However, the profit earned in fact experienced a drastic decrease of up to 39 percent due to a decrease in assets and claims related to the corona virus.
That way, his party will revise the company’s growth target as well as cancel the distribution of dividends to each shareholder.
8. Prudential Plc
Prudential Plc is a financial services company based in London.
In 2020, the company was able to record a net profit of around USD 2.18 billion.
In Indonesia, Prudential under the company name PT Prudential Life Assurance managed to record assets of Rp. 65.3 trillion in the first quarter of 2020.
9. Anthem, Inc
One of the largest insurance companies in the world, Anthem Incorporated is one of the companies that continues to show improvements in terms of net profit.
In 2020, this insurance company from the United States experienced an increase in revenue of 13.1 percent. In which, the value becomes USD104.21 billion with an estimated net profit of around USD4.80 billion.
As the largest insurance company in the world, Cigna Insurance last year seemed to have a bountiful harvest with a total net profit of USD5.1 million.
The profit obtained by the company in fact rose up to 94 percent, and led Cigna Insurance to be included in Fortune’s Global 500 version with an increase in the position of 197 ranks.
Cigna Insurance itself is a world-class health insurance headquartered in the United States.
In addition to being superior with its health insurance products, Cigna also offers life, accident, and disability insurance and dental insurance.
11. Munich Re
The last largest insurance company in the world is Munich Re.
Headquartered in Germany, this insurance company with a total of 5,000 customers successfully recorded revenues of up to USD72.53 billion in 2020.
Meanwhile, for its own net profit, Munich Re is one of the insurance companies which increased by 11.8 percent to USD3.04 billion.
Well, that’s the eleven largest insurance companies in the world. Some of them operate in Indonesia such as Allianz, AXA, Cigna, AIA, to Prudential.
If you want to apply for insurance from one of the five insurance companies, you can go directly to CekAja.com.
CekAja presents Cigna, AXA, and several other insurance products that are definitely of high quality.
You can apply online whenever you need it, so you don’t have to bother going to the CekAja office or related insurance companies anymore.
Not only applying, you know, through CekAja.com you can first compare all insurance products, both health insurance and vehicle insurance.
By comparing, of course you will get a good insurance product as well as according to your needs and budget.
So what are you waiting for? Come on, directly check insurance products at CekAja.com, and submit them whenever you need them.