1
BRK-B
Berkshire Hathaway operates a massive insurance underwriting business through GEICO, BH Primary, and BHRG, writing property and casualty policies. This activity is presented as a core segment that generates significant premiums and provides the 'float' used for the company's broader investment strategy.
Berkshire Hathaway
Property and Casualty Insurance
1.10 Tn
509.67
+0.11%
+3.91%
0.01
2.30
773.46 Bn
2
BSAC
2nd
The bank operates an insurance brokerage business within its Wealth Management segment, offering personal and corporate protection products and earning commissions as an intermediary.
Banco Santander Chile
Insurance Brokers
424.88 Bn
33.82
-1.37%
+32.58%
-0.65
—
544.83 Bn
3
CAT
2nd
The company's financial products segment underwrites insurance programs covering contractual liability, cargo, and equipment physical damage.
Caterpillar
Property and Casualty Insurance
371.83 Bn
808.85
+1.30%
+73.22%
34.34
4.98
365.11 Bn
4
LYG
2nd
The Insurance and Wealth segment delivers general insurance products, including home, motor, and travel insurance, writing policies to end insureds.
Lloyds Banking
Property and Casualty Insurance
344.44 Bn
5.82
-2.18%
+27.07%
—
—
—
5
RY
2nd
The Insurance segment underwrites and sells life insurance, longevity products, and group benefits to individual and business clients.
Royal Bank Of Canada
Life Insurance
284.62 Bn
203.21
-0.18%
+39.03%
17.45
5.54
57.78 Bn
6
TD
2nd
Through TD Insurance, the company underwrites property and casualty insurance products for individual and institutional customers.
Toronto Dominion Bank
Property and Casualty Insurance
206.68 Bn
122.33
+0.43%
+56.03%
18.75
4.42
45.35 Bn
7
BBVA
2nd
BBVA operates insurance businesses such as BBVA Seguros in Spain and other insurance subsidiaries in Mexico, Turkey, Argentina, Colombia, and Venezuela.
Banco Bilbao Vizcaya Argentaria
Property and Casualty Insurance
162.08 Bn
28.39
-1.53%
+48.48%
12.62
—
170.96 Bn
8
CB
Chubb is one of the largest global property and casualty insurers, generating the majority of its revenue from P&C underwriting income across commercial, personal, and agricultural lines. It provides coverage for property damage and liability risks, including specialized lines such as directors and officers, aviation, and energy.
Chubb
Property and Casualty Insurance
131.33 Bn
340.55
-0.39%
+24.16%
11.46
2.12
123.03 Bn
9
PGR
Progressive underwrites property and casualty insurance, specifically providing coverage for personal and commercial auto, homeowners, condo, renters, and general liability. Its revenue is primarily derived from collecting insurance premiums from these policyholders.
Progressive
Property and Casualty Insurance
124.08 Bn
213.43
-1.29%
-11.81%
10.64
1.36
119.08 Bn
10
ITUB
2nd
The company generates revenue from premiums from insurance products offered to individual clients through its Retail Business segment.
Itau Unibanco Holding
Property and Casualty Insurance
90.31 Bn
8.19
-1.33%
+16.67%
—
—
—
11
KKR
2nd
Through its Global Atlantic brand, the company provides retirement and life insurance solutions, including fixed-rate and fixed-indexed annuities and preneed life insurance.
Kkr
Life Insurance
88.71 Bn
98.81
+0.59%
-33.84%
29.59
4.16
-188.36 Bn
12
BN
2nd
The Wealth Solutions business provides insurance products and services, specifically mentioning the sale of annuities and life insurance to individuals and institutions.
Brookfield
Life Insurance
84.30 Bn
37.51
+0.83%
-20.48%
59.03
1.10
53.74 Bn
13
MRSH
The company's largest revenue driver is its Risk and Insurance Services segment, specifically Marsh Risk and Guy Carpenter, which act as intermediaries providing insurance and reinsurance broking. They earn revenue through brokerage commissions paid by insurers and reinsurers for placing policies and treaty/facultative reinsurance.
Marsh & Mclennan Companies
Insurance Brokers
83.52 Bn
174.73
+0.07%
-10.92%
20.62
2.99
71.57 Bn
14
TRV
The company is a holding company that provides commercial and personal property and casualty insurance, including workers compensation, commercial automobile, and homeowners insurance. It generates revenue primarily from net written premiums collected on these policies.
Travelers Companies
Property and Casualty Insurance
78.14 Bn
374.58
-1.30%
+34.79%
9.50
1.60
54.38 Bn
15
MFC
Manulife is one of the largest life insurers in North America and generates primary revenue through insurance premiums from life, health, and disability insurance and annuity products. It provides these services across its Asia, Canada, and U.S. segments to individuals and employer groups.
Manulife Financial
Life Insurance
75.56 Bn
44.37
+0.66%
+41.35%
15.93
1.59
76.77 Bn
16
UPS
2nd
UPS sells insurance offerings specifically designed to protect shipments against loss or damage, taking on the risk of financial loss for these insured events.
United Parcel Service
Property and Casualty Insurance
74.19 Bn
99.00
-1.19%
+16.40%
18.44
0.82
69.56 Bn
17
APO
2nd
Through its Retirement Services segment conducted by Athene, the company sells annuity and funding agreement products to individuals and institutions, managing long-duration liabilities and earning income from the investment spread.
Apollo Global Management
Life Insurance
72.51 Bn
125.89
-0.10%
-12.27%
41.90
2.02
67.61 Bn
18
NU
2nd
The company has a dedicated Insurance Brokerage segment that earns commissions from distributing Life and Property & Casualty insurance policies through partnerships with carriers like Chubb.
Nu Holdings
Insurance Brokers
65.97 Bn
13.65
-1.37%
-14.63%
16.63
3.41
52.29 Bn
19
ALL
Allstate is one of the largest personal lines insurers in the US, underwriting private passenger auto, homeowners, and commercial property and casualty insurance. Its primary revenue is generated from insurance premiums earned through these underwriting activities.
Allstate
Property and Casualty Insurance
63.45 Bn
249.79
-0.93%
+21.45%
4.85
0.90
24.70 Bn
20
AON
Aon operates as a leading global insurance broker, earning revenue from commissions and fees for placement services from insurance and reinsurance carriers. Its Commercial Risk Solutions and Reinsurance Solutions segments focus on brokerage and consulting to help clients manage risk transfer.
Aon
Insurance Brokers
62.69 Bn
295.55
-0.17%
-16.22%
15.84
3.57
61.45 Bn
21
MET
MetLife generates its primary revenue from insurance premiums collected on life and annuity policies. Its Retirement and Income Solutions segment specifically provides life and annuity based insurance products, including institutional income annuities and pension risk transfers.
Metlife
Life Insurance
61.89 Bn
97.05
-0.31%
+22.74%
18.12
0.78
34.88 Bn
22
AJG
The company operates a massive brokerage segment providing insurance and reinsurance brokerage services to commercial, nonprofit, and public sector entities. It generates revenue primarily through commissions and fees for placing various lines of insurance, such as aviation, general liability, and cyber liability, without underwriting the risk itself.
Arthur J. Gallagher
Insurance Brokers
61.32 Bn
239.25
-0.95%
-19.37%
39.00
3.89
59.96 Bn
23
AFL
Aflac underwrites supplemental insurance policies covering accident, disability, critical illness, hospital indemnity, dental, and vision risks. It generates revenue from premiums paid by policyholders for these property and liability-style health and accident events.
Aflac
Property and Casualty Insurance
58.44 Bn
116.35
-0.24%
+7.73%
12.66
3.23
-44.57 Bn
24
GGAL
2nd
The Sudamericana Holding segment, including Galicia Seguros and Seguros Sura, underwrites property and casualty insurance for individuals and companies.
Grupo Financiero Galicia
Property and Casualty Insurance
55.33 Bn
41.76
-2.02%
+52.97%
0.03
—
55.62 Bn
25
PSA
2nd
Public Storage operates tenant reinsurance programs where it assumes the risk of losses under insurance policies purchased by tenants from non-affiliated insurers.
Public Storage
Reinsurance
52.04 Bn
296.31
-1.50%
+4.41%
28.19
10.64
51.87 Bn