Bank of America Corp
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Financials : Banks | Large Cap Value
Company profile

Bank of America Corporation is a bank holding company and a financial holding company. The Company is a financial institution, serving individual consumers and others with a range of banking, investing, asset management and other financial and risk management products and services. The Company, through its banking and various non-bank subsidiaries, throughout the United States and in international markets, provides a range of banking and non-bank financial services and products through four business segments: Consumer Banking, which comprises Deposits and Consumer Lending; Global Wealth & Investment Management, which consists of two primary businesses: Merrill Lynch Global Wealth Management and U.S. Trust, Bank of America Private Wealth Management; Global Banking, which provides a range of lending-related products and services; Global Markets, which offers sales and trading services, and All Other, which consists of equity investments, residual expense allocations and other.

Postmarket

Last Trade
Delayed
$35.48
-0.05 (-0.14%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$35.53
Day's Change
-0.26 (-0.73%)
Bid
--
Ask
--
B/A Size
--
Day's High
35.94
Day's Low
35.50
Volume
(Light)
Volume:
41,124,778

10-day average volume:
56,491,969
41,124,778

AM Best Ranks UnitedHealth Group and Allianz SE as World's Largest Insurers

6:34 am ET January 4, 2021 (BusinessWire) Print

UnitedHealth Group Incorporated occupied the top spot in AM Best's ranking of the world's 25 largest insurance companies for a sixth straight year, with $189.7 billion in net premiums written (NPW) in 2019. In addition, Allianz SE and Prudential Financial, Inc. jumped ahead of AXA S.A. into the No. 1 and No. 2 spots, respectively, in AM Best's ranking by 2019 non-banking assets.

AM Best released the rankings of the world's largest global insurance companies, by NPW and non-banking assets, in the Jan. 4, 2021, issue of BestWeek. The two rankings are based on BestLink data and additional research. Overall, the annual non-banking ranking saw some reshuffling in the Top 5, while the leading five companies in the NPW ranking remained in their spots from the previous year.

CVS Health Corp. Group moved up in the NPW ranking for a second-straight year, driven predominantly by its acquisition of Aetna Inc., climbing to No. 16 from No. 20. In the latest non-banking asset ranking, UK-based Prudential plc dropped to No. 20 from No. 8 in the previous ranking, following completion of its demerger with investment management business M&G plc.

The top 10 global insurers ranked by 2019 NPW are as follows:

UnitedHealth Group Incorporated, United States Ping An Insurance (Group) Company of China Ltd., China AXA S.A., France China Life Insurance (Group) Company, China Kaiser Foundation Group of Health Plans, United States Anthem, Inc., United States Allianz SE, Germany People's Insurance Company (Group) of China Ltd., China Assicurazioni Generali S.p.A., Italy Centene Corporation, United States

The top 10 global insurers ranked by 2019 non-banking assets are as follows:

Allianz SE, Germany Prudential Financial Inc., United States AXA S.A., France Berkshire Hathaway Inc., United States Nippon Life Insurance Company, Japan MetLife Inc., United States Legal & General Group plc, United Kingdom Ping An Insurance (Group) Company of China Ltd., China Japan Post Insurance Co., Ltd., Japan China Life Insurance (Group) Company, China

BestWeek is published weekly by AM Best for insurance professionals, and is available as part of a subscription to the Best's Insurance News & Analysis service. More information about the Best's Insurance News & Analysis subscription service is available at www.ambest.com/sales/bina/default.asp. To order, contact Customer Service at +1 908 439 2200, ext. 5742 or at +1 800 424 2378 when calling from the United States and Canada. To learn more about BestLink, visit http://www.ambest.com/sales/bestlink.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in New York, London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright (C) 2021 by A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210104005481/en/

SOURCE: AM Best

Patricia Vowinkel 
Executive Editor, BestWeek 
+1 908 439 2200, ext. 5540 
patricia.vowinkel@ambest.com
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