These are lists of the insurance companies in the world, as measured by total non-banking assets and by net premiums written.
The list is based on the 2022 report of the 25 largest insurance companies in the world by 2020 assets from AM Best. [1]
Rank | Company | Country | Total assets (US$ Billion) |
---|---|---|---|
1 | Allianz | Germany | 1,261.9 |
2 | Axa | France | 950.6 |
3 | Prudential Financial | United States | 940.7 |
4 | Ping An Insurance | China | 883.9 |
5 | Berkshire Hathaway | United States | 873.9 |
6 | MetLife | United States | 795.1 |
7 | Nippon Life | Japan | 776.7 |
8 | China Life Insurance | China | 776.4 |
9 | Legal & General | United Kingdom | 774.8 |
10 | Manulife Financial | Canada | 688.8 |
11 | Assicurazioni Generali | Italy | 669.1 |
12 | Aviva | United Kingdom | 651.6 |
13 | Japan Post Insurance | Japan | 636.8 |
14 | American International Group | United States | 586.5 |
15 | Dai-ichi Life | Japan | 577.1 |
16 | Aegon N.V. | Netherlands | 546.5 |
17 | CNP Assurances | France | 543.7 |
18 | Credit Agricole Assurances | France | 536.8 |
19 | JA Kyosai | Japan | 531.6 |
20 | Life Insurance Corporation | India | 520.5 |
21 | Prudential plc | United Kingdom | 516.1 |
22 | Great-West Lifeco | Canada | 469.8 |
23 | Zurich Insurance Group | Switzerland | 439.3 |
24 | Meiji Yasuda Life | Japan | 417.2 |
25 | New York Life Insurance Company | United States | 414.3 |
The list is based on the 2022 report of the 25 largest insurance companies in the world by 2020 net premiums written from AM Best. [1]
Rank | Company | Country | Net premiums written (US$ Billion) |
---|---|---|---|
1 | UnitedHealth Group | United States | 201.5 |
2 | Ping An Insurance | China | 118.8 |
3 | China Life Insurance | China | 111.2 |
4 | Centene Corporation | United States | 107.4 |
5 | Anthem | United States | 105.7 |
6 | Kaiser Permanente | United States | 102.9 |
7 | Axa | France | 101.3 |
8 | Allianz | Germany | 93.6 |
9 | People's Insurance Company of China | China | 79.2 |
10 | Assicurazioni Generali | Italy | 79.2 |
11 | Humana | United States | 74.2 |
12 | State Farm | United States | 71.1 |
13 | Berkshire Hathaway | United States | 64.9 |
14 | Munich Re | Germany | 64.2 |
15 | CVS Health | United States | 56.7 |
16 | Life Insurance Corporation | India | 55.0 |
17 | China Pacific Insurance Company | China | 51,7 |
18 | Nippon Life | Japan | 46.3 |
19 | Health Care Service Corporation | United States | 44.9 |
20 | JA Kyosai | Japan | 44.1 |
21 | HDI | Germany | 43.5 |
22 | Dai-ichi Life | Japan | 43.9 |
23 | MetLife | United States | 42.0 |
24 | Liberty Mutual | United States | 40.6 |
25 | Progressive Corporation | United States | 40.6 |
Malayan Banking Berhad is a Malaysian universal bank, with key operating "home markets" of Malaysia, Singapore, and Indonesia. According to the 2020 Brand Finance report, Maybank is Malaysia's most valuable bank brand, the fourth-top brand amongst the Asean countries and ranked 70th among the world’s most valuable bank brands.
Prudential Financial, Inc. is an American Fortune Global 500 and Fortune 500 company whose subsidiaries provide insurance, retirement planning, investment management, and other products and services to both retail and institutional customers throughout the United States and in over 40 other countries. In 2019, Prudential was the largest insurance provider in the United States with $815.1 billion in total assets.
Housing Development Finance Corporation was an Indian private sector mortgage lender based in Mumbai. It was the biggest housing finance company in India. It also had a presence in banking, life and general insurance, asset management, venture capital and deposits through its associate and subsidiary companies.
Munich Re Group or Munich Reinsurance Company is a German multinational insurance company based in Munich, Germany. It is the world's largest reinsurer. ERGO, subsidiary of Munich Re, serves as the primary insurance arm of the Group. Munich Re's shares are publicly listed. Munich Re is included in the DAX index at the Frankfurt Stock Exchange, the Euro Stoxx 50, and other indices.
Ping An Insurance known also as Ping An of China, full name Ping An Insurance (Group) Company of China, Ltd. is a Chinese holding conglomerate whose subsidiaries provide insurance, banking, asset management, financial, healthcare services. The company was founded in 1988 and is headquartered in Shenzhen. "Ping An" literally means "safe and well".
Truist Financial Corporation is an American bank holding company headquartered in Charlotte, North Carolina. The company was formed in December 2019 as the result of the merger of BB&T and SunTrust Banks. Its bank operates 2,781 branches in 15 states and Washington, D.C., offering consumer and commercial banking, securities brokerage, asset management, mortgage, and insurance products and services. It is on the list of largest banks in the United States by assets; as of August 2023, it is the 9th largest bank with $514 billion in assets. As of January 2021, Truist Insurance Holdings is the seventh largest insurance broker in the world, with $2.27 billion in annual revenue.
American Family Insurance, also abbreviated as AmFam, is an American private mutual company that focuses on property, casualty, and auto insurance, and also offers commercial insurance, life, health, and homeowners coverage as well as investment and retirement-planning products. It is a Fortune 500 company and its revenues were over $9.5 billion in 2017.
Reliance Capital Limited is an Indian diversified financial services holding company promoted by Reliance Anil Dhirubhai Ambani Group. Reliance Capital, a constituent of Nifty Midcap 50 and MSCI Global Small Cap Index, is a part of the Reliance Group. It is amongst India's leading and most valuable financial services companies in the private sector. As on 31 March 2017, the net worth of the company stood at ₹16,548 crore, while its total assets as on the date stood at ₹82,209 crore. In Fortune India 500 list of 2018, Reliance Capital was ranked as the 77th largest corporation in India with 5th rank in 'Non-Banking Finance' category.
Life Insurance Corporation of India (LIC) is an Indian multinational public sector life insurance company headquartered in Mumbai. It is India's largest insurance company as well as the largest institutional investor with total assets under management worth ₹45.7 trillion (US$570 billion) as of March 2023. It is under the ownership of Government of India and administrative control of the Ministry of Finance.
Erie Insurance Group, based in Erie, Pennsylvania, is a property and casualty insurance company offering auto, home, business and life insurance through a network of independent insurance agents. As of 2021, Erie Insurance Group is ranked 347th on the 2021 Fortune 500 list of largest American corporations, based on total revenue for the 2020 fiscal year.
The New India Assurance Co. Ltd., is an Indian public sector general insurance company based in Mumbai. It is the largest nationalised general insurance company of India on the basis of gross premium collection inclusive of foreign operations. It was founded by Sir Dorabji Tata in 1919, and was nationalised in 1973.
NFU Mutual is a UK insurance composite. As a mutual, its policyholder members own the business, and the executives and directors are accountable to them. The full name of the organisation is National Farmers' Union Mutual Insurance Society Limited.
Grinnell Mutual is a property-casualty mutual insurance company and reinsurer based in Grinnell, Iowa, United States.
The Japan Post Insurance Company, Ltd., is a Japanese life insurer that was established on October 1, 2007, with the privatization of Japan Post Life Insurance. It is owned by the Japan Post Holdings. As of 2011, it was the world's fourth largest insurance company as regards net premiums written behind three European insurers and the largest as regards non-banking assets.
Allianz is a German multinational financial services company headquartered in Munich, Germany. Its core businesses are insurance and asset management.
GuideOne Insurance is a niche-market insurer based in West Des Moines, Iowa, and is one of the largest church insurers in the United States. The company is licensed in all 50 states. As of year-end 2021, the company reached $1.06B in written premium.
Economical Insurance, founded in 1871, is a Canadian Property & Casualty insurance company, offering automobile, property, liability, agriculture, and surety insurance. Its executive offices are located in Waterloo, Ontario, with regional offices across Canada. The company has a 4.02% market share, measured by direct written premium in the Canadian Property & Casualty Insurance market as of December 2012. As of 2014, it had about 1.6 billion in mutual policyholder's equity. It is the 9th largest property and casualty insurance company in Canada, by direct written premium and the 20th largest insurance company in Canada, by total assets.
SOGAZ is a Russian insurance company. SOGAZ became the first in Russia by written premium and market share (12.1%) in 2016. The company was formed in 1993 and has direct business in Russia and Serbia. Insurance company SOGAZ as well have shares in many companies and own a number of insurers.
Canara HSBC Life Insurance is an Indian life insurance company, headquartered in Gurugram. Established in 2008, Canara HSBC Life Insurance was a joint venture between Canara Bank (51%), HSBC Insurance Holdings Limited (26%) and Punjab National Bank (23%). On 15 June 2022, the company renamed itself as Canara HSBC Life Insurance after the exit of its third partner, Punjab National Bank.
ICICI Prudential Life Insurance Company Limited is an Indian life insurance company in India. Established as a joint venture between ICICI Bank Limited and Prudential Corporation Holdings Limited, ICICI Prudential Life is engaged in life insurance and asset management business. In 2016, the company became the first insurance company in India to be listed in the domestic stock exchanges.