UnitedHealth Group is the largest insurance company in the world by market cap in 2023, according to Insurance Business. Among the 10 largest insurers, five are based in the U.S.
10 largest insurance companies in the world by market cap:
- UnitedHealth Group: $459 billion
- Ping An (China): $132 billion
- AIA (Hong Kong): $122 billion
- China Life: $121 billion
- Elevance Health: $113 billion
- Allianz (Germany): $93 billion
- Cigna: $87 billion
- Chubb (Switzerland): $86 billion
- Progressive: $83 billion
- Marsh McLennan Companies: $81 billion