Best Insurance Stocks for 2022!

Jitanchandra Solanki
18 Min read

Did you know the insurance industry generates more than $5 trillion in revenue each year?

It’s just one reason why legendary investor Warren Buffett LOVES insurance stocks.

More and more investors are now investing in insurance companies as it’s a business model that generally works when the economy is strong or weak.

Read on to discover some of the best insurances stocks for this year, the different types of insurance company stocks available and how to get started!

What are Insurance Stocks?

Insurance stocks represent companies whose job is to provide insurance for individuals and businesses. One of the most obvious revenue streams for insurance companies is through the selling of insurance policies to collect regular premiums from the customer. Many insurance companies would make more in premiums than they would payout as a claim, a concept called ‘underwriting profit.’

Another big revenue stream for most insurance companies is the profits they receive from investing the premium collected from the customer. Most insurance companies would keep their customers’ premiums invested in safe products such as bonds, in case a claim ever needs to be paid out.

The money insurance companies invest in the market is known as the ‘float.’ As insurance companies grow they have a bigger float - free money to invest in the market. There’s a reason why billionaire investor Warren Buffett has made insurance the cornerstone of his empire at Berkshire Hathaway, as we discuss in a bit more detail next!

Did you know that with the Admirals Invest.MT5 account you can invest in stocks, like Berkshire Hathaway, and exchange traded funds (ETFs) from 15 of the largest stock exchanges in the world?

With the account, you can also access low commissions from just $0.02 on US stocks and you can open an account with just €1. Learn more and open an account today by clicking on the banner below:

Invest in the world’s top instruments

Thousands of stocks and ETFs at your fingertips


Insurance Stocks and Warren Buffett

Warren Buffett’s Berkshire Hathaway company holds stakes in more than 60 different businesses including Apple, Amazon, Bank of America, Procter & Gamble, Visa and many others. His portfolio of companies is worth nearly $300 billion. However, in 2018 the company appointed two CEOs for the two parts of the company it was divided into - insurance and everything else.

Because of Berkshire Hathaway’s insurance operations, they have more than $110 billion of float available to invest. While most insurance companies would invest it in high-quality government bonds, Berkshire uses this to buy more shares of companies it owns or fund new acquisitions.

It’s just one reason why Berkshire Hathaway is the largest insurance company in the world!

Source: Statista, 1 April 2022

While there are other revenue streams insurance companies have, one reason Warren Buffett has made the insurance industry the hallmark of his more than $200 billion portfolio, is because most insurance companies make a lot on what they invest in.

Of course, the way Berkshire Hathaway run the business is pretty unique. Most people would not even think of the company being involved in insurance. Let’s have a look at some of the different types of insurance companies there are before we look at the best insurance stocks for this year.

Did you know that the MetaTrader 5 trading platform allows you to view live and historical prices of thousands of different markets from all around the world?

No matter what type of insurance stocks you are looking for, you can find a huge selection from the more than 3,000+ instruments available from the platform provided by Admirals.

Click on the banner below to start your FREE download today!

The World's Premier Multi Asset Platform


The Different Types of Insurance Stocks

The insurance industry can be divided into several different categories. You will find a few more familiar names within these categories as most individuals tend to focus on specific types of insurance when buying a policy.

Below is a list of the different types of insurance there are.

▶️ Life Insurance

This type of insurance is designed to pay a sum of money to a designated beneficiary when the insured person dies. It’s a policy designed to protect loved ones with financial support in the case of death. The insurance company will collect premiums over the insured person’s lifetime to pay out a certain sum in the event of death.

The top three biggest life insurance companies in the world from direct premiums are MetLife Inc, Prudential Financial Inc, Equitable Holdings.

▶️ Property and Casualty Insurance

These insurers write policies that aim to provide liability protection and cover property damage. Examples of these would be car insurance and home insurance. This is one of the most common types of insurance policies available.

Some of the top property and casualty insurance companies by net premiums written include Berkshire Hathaway, Liberty Mutual and Travelers Group.

▶️ Health Insurance

This type of insurance is designed to help cover any healthcare costs for the insured person.

These type of policies can be purchased individually or through an employer. Many governments act as health insurance providers, such as the United States with its Medicare program.

Some of the biggest health insurance stocks in the world include United Healthcare, Aetna, CIGNA Corp and others.

There are also other types of insurance companies that are involved in speciality insurance, travel and business insurance, as well as reinsurance.

How to Start Investing in Insurance Stocks

To start investing in insurance companies' stock, just follow the steps below.

  1. Open your MetaTrader 5 trading platform provided by Admirals or start your free download here.
  2. From the options at the top of the platform, select View and Market Watch.
  3. In this window, right-click and select Symbols. Here you can search from the +3,000 instruments available to trade via Admirals.
  4. Once you’ve chosen your stock, press OK to add it to your Market Watch list.
  5. To view a live price chart of the stock, drag the name from the Market Watch window onto the chart.
  6. To open a trading ticket, right-click on the chart and select Trading and then New Order. A trading ticket will open up for you to input your own entry, stop loss and take profit levels as well as your position size.

A screenshot showing the MetaTrader 5 trading platform provided by Admirals with a trading ticket open on the chart. 1 April 2022.

The Best Insurance Stocks List for This Year!

Now you know a bit more about the different types of insurance stocks available and how they make their income, let’s have a look at some of the best insurance stocks for this year.

There are many different ways to find the top insurance stocks to invest in. Some investors will use fundamental analysis and some will rely solely on technical analysis. Using a combination of both can be powerful.

Some investors may also choose to focus on high momentum, growth-based insurance stocks for short-term trading. Some investors may choose to focus on value-based insurance stocks which exhibit more longer-term invest characteristics.

The selection below will cover a wide range of ideas to get started with. Let’s begin!

#1. Berkshire Hathaway (BRKB)

Berkshire Hathaway is considered the largest insurance company in the world. But the business also has a lot of other interests, as it is the investment vehicle of choice for legendary investor Warren Buffett. The company holds stakes in well-known companies such as Apple, Coca-Cola, Bank of America, American Express and many more.

Berkshire is also considered to be the largest financial services company in the world, as well as the eighth-largest public company in the world although this will change over time. While the company has interests in insurance and reinsurance businesses, they also operate in the utilities and energy sector, as well as manufacturing and retailing.

Source: Admirals MetaTrader 5, BRKB, Monthly - Data range: from 1 Jun 2006 to 1 Apr 2022, accessed on 1 Apr 2022 at 12:30 pm GMT. Please note: Past performance is not a reliable indicator of future results.

In the long-term monthly price chart of Berkshire Hathaway (Class B shares), it is clear to see the uptrend that has developed. This is confirmed by the 20-period (blue), 50-period (red) and 100-period (yellow) exponential moving averages all pointing higher.

Before the coronavirus pandemic, the stock price was held in a range between ~$228.00 and ~$186.00. However, in early 2021, the price managed to break through the range and it has been in a strong uptrend ever since breaking to new record highs multiple times. 

Interestingly, research shows that there has been an unusual amount of buying in Berkshire Hathaway’s Class A shares - which are mainly used by institutional investors. With the net premiums for insurance companies forecasted to increase Berkshire Hathaway is in an interesting position to capitalise on this and on an economic recovery given its diverse portfolio of shares.

#2. UnitedHealth (UNH)

UnitedHealth was founded in 1977 and is now one of the largest health insurers in the United States. In 2020, revenue was more than $257 billion with the company serving more than 75 million people from its 350,000 employees. The company has been an industry leader for decades and is part of the Dow Jones 30 index.

Perhaps more interestingly, UnitedHealth could be considered once of the best insurance dividend stocks as it has increased its dividend every year since 2010. While the company gave conservative guidance in early 2021, the company is still forecasting earnings per share (EPS) growth of 13% to 16%.

The stock is a favourite among fund managers who believe the company could outperform the market as we move into a strong secular growth period for the healthcare industry in 2022.

Source: Admirals MetaTrader 5, UNH, Monthly - Data range: from 1 Jun 2006 to 1 Apr 2022, accessed on 1 Apr 2022 at 12:30 pm GMT. Please note: Past performance is not a reliable indicator of future results.

The long-term, monthly price chart above shows a clear uptrend for UnitedHealth stock. All of the moving averages on the chart are moving upwards confirming this bias. During the period between 2010 and 2018, the trend was so strong that the price only pulled back to one of the moving averages (the 20-period blue line) once.

The volatility of the coronavirus pandemic period saw buyers step in around the 50-period (red) moving average. These lines could represent potential buy zones for investors. Alternatively, some may choose to switch to a lower timeframe such as the weekly chart to find more opportunities.

Free trading webinars

Tune into live webinars hosted by our trading experts


#3. Allianz (ALV)

Allianz is a European financial services company headquartered in Munich, Germany. The company’s core business is insurance and asset management, making it the fourth-largest insurer in the world. In 2020, total revenue exceed €140 billion.

The company serves more than 100 million customers in more than 70 countries, providing property and casualty insurance, health and life insurance and business insurance. They also have an asset management division.

In early 2021, the German insurance company announced that is expecting higher operating profit for the year, even though they reported a weak earnings report for 2020. The company is also a contender for one of the best insurance dividend stocks as it currently pays €9.60 per share.

Source: Admirals MetaTrader 5, ALV, Monthly - Data range: from 1 Jun 2014 to 1 Apr 2022, accessed on 1 Apr 2022 at 12:30 pm GMT. Please note: Past performance is not a reliable indicator of future results.

In the long-term, monthly price chart of Allianz’s share price, it is clear to see just how choppy it is has been in the past. The coronavirus pandemic massively impacted the company’s share price which dropped nearly 50%.

However, the price has started to recover and at the beginning of 2021 was up more than 80% from its pandemic lows. With more optimism around the insurance industry, the company could capitalise on a wave of investor flows into the industry, with price moving back to its pre-pandemic high of ~€232.00 and beyond.

This was nearly reached in early 2022 before the global stock market sell-off from the Russia-Ukraine conflict. 

Due to the volatility of the market, shorter-term investors may opt to focus on the lower timeframes. By using Contracts for Difference (CFDs) to speculate on the company’s share price direction, investors can potentially profit from both rising and falling markets by trading long and short.

CFDs also allow investors to trade on margin which means you could potentially control a large position size with a small deposit. You can learn more about the risk and benefits of using CFDs in this ‘CFD Trading Guide,’ or by clicking on the banner below to open an account.

Open a Live Account

Trade the Live Markets and Trade Efficiently


#4. Prudential PLC (PRU)

Prudential is a British-based multinational insurance company that is headquartered in London, England. The company was founded in 1848 and recorded total revenue of more than $55 billion in 2020. Prudential has multiple listings of its shares which trade on the London Stock Exchange, Hong Kong Stock Exchange and New York Stock Exchange.

Many European insurers are currently going through a re-rating as dividend payments normalise after the coronavirus pandemic. Many investment banks such as Deutsche Bank believe there is much further to go in the recovery of the sector.

Prudential provides an interesting focus for investors as the company’s primary market is now in Asia but also serves UK customers and retirees in the United States. Bullish forecasts for the Asia economy could attract more investors to Prudential.

Source: Admirals MetaTrader 5, PRU, Monthly - Data range: from 1 Aug 2006 to 1 Apr 2022, accessed on 1 Apr 2022 at 12:30 pm GMT. Please note: Past performance is not a reliable indicator of future results.

Prudential PLC’s share price has been extremely volatile since collapsing more than 65% from its high in 2018 to the lows of the coronavirus pandemic period. However, since the pandemic lows, the share price is already up more than 120%, suggesting investors are now much more optimistic about Prudential’s future share price.

But this optimism was capped later in 2021 and the stock price has started 2022 on the backfoot. But a move back above the moving averages this year could see the stock trade higher by the end of 2022. 

#5. Anthem (ANTM)

Anthem is the largest for-profit managed healthcare company in the United States and is also the fifth-largest insurer in the world based on market capitalization. Yearly revenues exceed $100 billion as the company services more than 40 million members.

The company has made some big changes in recent months, which has attracted interest from many large institutional investors. Anthem overhauled its leadership with a new Chief Health Officer, Executive Vice President and Chief Legal Officer. It also expanded its operations by acquiring InnovaCare Health LP.

Revenue, net income and earnings per share have all been growing over the past three years suggesting the company is moving in the right direction.

Source: Admirals  MetaTrader 5, ANTM, Monthly - Data range: from 1 Jun 2006 to 1 Apr 2022, accessed on 1 Apr 2022 at 12:30 pm GMT. Please note: Past performance is not a reliable indicator of future results.

Anthem’s share price was ranging in-between 2018 and 2020, in line with broader industry trends. However, the company’s share price started to break out from this range in 2021 with a clear uptrend beginning, highlighting how strong this stock is in 2022. 

Did you know that you can actually view real-time actionable trading and investing ideas from the Admirals Premium Analytics feature?

To access this follow the steps below:

  1. Open a live account. If you haven’t done so already click here.
  2. Log in to the Trader’s Room where you can manage all of your accounts, access downloads and premium services.
  3. Click on the Premium Analytics tab in the client portal dashboard. Search for your stock such as #ANTM (the symbol for Anthem).
  4. Maximise the Technical Insight window.

Source: Admirals Premium Analytics, 1 April 2022

The above screenshot shows that there are 16 technical events taking place on Anthem’s stock price across the short-term, intermediate-term and long-term. It details what the event is, with an explanation of why it is important, as well as a chart to visualise the event.

Combining this level of insight with the right industries or sectors of the stock market could prove to be very powerful. Click on the banner below to learn more.

Free analytical tools

Tap into a wealth of exclusive resources at the touch of a button


Why Invest in Insurance Stocks with Admirals?

✔️ Invest with a well-established company authorised and regulated by the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC), the Jordan Securities Commission (JSC), among other well-known financial regulators.

✔️ Open an Invest.MT5 investing account to buy stocks, shares and ETFs from 15 of the largest stock exchanges in the world and collect dividend payouts!

✔️ Supercharge your MetaTrader 5 trading platform completely FREE by upgrading to the Supreme Edition platform to access the Technical Insight Lookup indicator.

✔️ Open a Trade.MT5 trading account to access more than 3,000 financial CFDs to potentially profit from rising and falling markets across stocks, ETFs, indices, commodities, currencies and more!

Did you know that one of the best ways to get started is to open a FREE demo trading account?

With this type of account, you can test all of the services and features offered by Admirals completely free!

You can also read about the best shares to buy and test your trading and investing ideas in a virtual environment until you are ready to go live!

Click on the banner below and get started today!

Risk Free Demo Account

Register for a Free Online Demo Account and Master Your Trading Strategy


About Admirals

Admirals is a multi-award winning, globally regulated Forex and CFD broker, offering trading on over 8,000 financial instruments via the world's most popular trading platforms: MetaTrader 4 and MetaTrader 5. Start trading today!

This material does not contain and should not be construed as containing investment advice, investment recommendations, an offer of or recommendation for any transactions in financial instruments. Please note that such trading analysis is not a reliable indicator for any current or future performance, as circumstances may change over time. Before making any investment decisions, you should seek advice from independent financial advisors to ensure you understand the risks

How to Invest 10k and What to Consider Beforehand
These days, thanks to increased accessibility, it is possible to enter the financial markets with a relatively low initial sum. But what if you have a larger sum at your disposal? Say, for example, £10,000. What would be the best way to invest 10k? In this article, we will explore a few options on h...
How to Start Investing in Water Stocks
While water is considered one of the world’s most important commodities it’s not as easily traded like gold or oil. But that doesn’t mean to say investing in water stocks is not right at the top of most investors’ watchlists. After all, Michael Burry, famous for predicting the subprime credit crisis...
How to Hedge Stocks with CFDs
Hedging involves taking a position in the market with the purpose of reducing risk. This may sound strange to those unfamiliar with the concept, shouldn’t the primary reason for entering the market be to make a profit..? In this article, we will explore hedging stocks in detail, look at why investor...
View All