Forbes Global 2000: The World’s Largest Insurance Companies In 2023

  • 📰 Forbes
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 53%

United States News News

United States United States Latest News,United States United States Headlines

Insurance companies have slightly lagged the market but rising interest rates bolster income. Global2000

s investors adjust to a new market era of higher interest rates, insurance companies slightly lagged the broader market in the last 12 months. The S&P Insurance Select Industry Index has lost nearly 1% in the past year, outpaced by a roughly 3% gain for the benchmark S&P 500 index. Still, most large insurance companies remain well-capitalized and have hardly lost ground on the list: With rates still high, that means more cash for insurers to take in.

UnitedHealth Group took the industry’s top spot on the list, rising seven spots to No. 15. Also the highest-ranked U.S. firm for another year running, Minnetonka, Minn.-based UnitedHealth posted nearly $336 billion in 12-month revenue, the ninth-most of the world’s public companies, while its stock held largely flat during that period. With a market capitalization of nearly $500 billion—also among the biggest on the list, the firm posted net profit of $20 billion last year.

Germany’s Allianz , France’s AXA and China Life Insurance Co. round out the top five largest insurers, similar to last year’s results. CVS, which is classified as a pharmaceutical retailer rather than an insurance company but owns insurer Aetna, ranks No. 65, down from No. 42 last year.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Forbes Global 2000: The World’s Largest Airlines & Aerospace Companies In 202342 airlines, aerospace and defense companies are featured on the Global 2000 list of the world’s largest public companies, up from 31 a year ago, as travelers return to airlines and the war in Ukraine boosts defense.
Source: ForbesTech - 🏆 318. / 59 Read more »

Global 2000: The World’s Largest Real Estate Companies In 2023Office vacancies and debt defaults are two signs of the current difficult times for the world’s largest real estate companies. Global2000
Source: Forbes - 🏆 394. / 53 Read more »