Leading global property/casualty (stock) insurance companies 2018, by revenue

Berkshire Hathaway was the most profitable property and casualty (stock) insurance company in the world in 2018, with revenues amounting to 247.8 billion U.S. dollars. People’s Insurance Company of China and Munich Re followed behind with 75.38 billion U.S. dollars and 67.22 billion U.S. dollars, respectively.

The history of Berkshire Hathaway

Berkshire Hathaway is a multinational conglomerate holding company, which is headquartered in Omaha, Nebraska. Berkshire Hathaway began as a textile manufacturing company in the mid-19th century, but expanded into other industries - such as insurance, investment and media – from the mid-20th century onwards. It is perhaps most well-known for its CEO, billionaire Warren Buffett, but also for being among the most valuable companies in the world.

Comparison with other top companies

Berkshire Hathaway is also one of the most profitable companies globally. The rest of the top ten is dominated by fossil fuel and automobile companies, so Berkshire alone represents the financial services sector. Berkshire is one of the largest wind energy producers in the U.S., but is also still active in the coal industry. The company's revenue has steadily increased over the past decade.

Leading property and casualty (stock) insurance companies globally in 2018, by revenue

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Supplementary notes

Fiscal year ending March 31, 2019.
The source adds the following information: "Companies are ranked by total revenues for their respective fiscal years ended on or before March 31, 2018. All companies on the list must publish financial data and report part or all of their figures to a government agency. Figures are as reported, and comparisons are with the prior year’s figures as originally reported for that year. Fortune does not restate the prior year’s figures for changes in accounting."
Figures have been rounded.

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