The World’s Largest Insurance Companies In 2023

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

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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.