In today’s day and age, you can insure just about anything – your life, business, home, car, or motorcycle might come to mind. However, you might not think about what buying insurance actually means when you sign up to pay the premiums for whatever you’re trying to protect. In truth, the business of insurance is basically gambling – but with informed data and financials.

Large insurance companies invest your premiums in investments, hoping that they’ll never have to pay for whatever you’re insuring. However, in the case they do, those investment returns should cover whatever broke – and those economics favor the insurance business.

That’s why the world’s largest insurance companies are worth billions – and the assets they manage reach similar heights. America’s largest insurer, Prudential, had over a trillion dollars worth of assets under management.

Here’s a list of the largest companies in the business of insurance:

Rank Name Front Score
1 Berkshire Hathaway (BRK.A) $696.28B 663
2 Berkshire Hathaway (BRK.B) $558.40B 669
3 Chubb (CB) $90.96B 647
4 Progressive (PGR) $77.53B 669
5 China Life Insurance (LFC) $61.05B 498
6 MetLife (MET) $60.34B 685
7 Prudential (PUK) $53.26B 537
8 American International Group (AIG) $46.62B 647
9 Manulife Financial (MFC) $45.98B 647
10 Aflac (AFL) $44.98B 652
See Top Asset Management Stocks by Market Cap.

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*Data sourced from a reliable data provider.

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