List of largest insurance companies

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These are lists of the insurance companies in the world, as measured by total non-banking assets and by net premiums written.

Contents

By assets

The list is based on the 2022 report of the 25 largest insurance companies in the world by 2020 assets from AM Best. [1]

RankCompanyCountryTotal assets
(US$ Billion)
1 Allianz Flag of Germany.svg  Germany 1,261.9
2 Axa Flag of France.svg  France 950.6
3 Prudential Financial Flag of the United States.svg  United States 940.7
4 Ping An Insurance Flag of the People's Republic of China.svg  China 883.9
5 Berkshire Hathaway Flag of the United States.svg  United States 873.9
6 MetLife Flag of the United States.svg  United States 795.1
7 Nippon Life Flag of Japan.svg  Japan 776.7
8 China Life Insurance Flag of the People's Republic of China.svg  China 776.4
9 Legal & General Flag of the United Kingdom.svg  United Kingdom 774.8
10 Manulife Financial Flag of Canada (Pantone).svg  Canada 688.8
11 Assicurazioni Generali Flag of Italy.svg  Italy 669.1
12 Aviva Flag of the United Kingdom.svg  United Kingdom 651.6
13 Japan Post Insurance Flag of Japan.svg  Japan 636.8
14 American International Group Flag of the United States.svg  United States 586.5
15 Dai-ichi Life Flag of Japan.svg  Japan 577.1
16 Aegon N.V. Flag of the Netherlands.svg  Netherlands 546.5
17 CNP Assurances Flag of France.svg  France 543.7
18 Credit Agricole Assurances Flag of France.svg  France 536.8
19 JA Kyosai Flag of Japan.svg  Japan 531.6
20 Life Insurance Corporation Flag of India.svg  India 520.5
21 Prudential plc Flag of the United Kingdom.svg  United Kingdom 516.1
22 Great-West Lifeco Flag of Canada (Pantone).svg  Canada 469.8
23 Zurich Insurance Group Flag of Switzerland (Pantone).svg   Switzerland 439.3
24 Meiji Yasuda Life Flag of Japan.svg  Japan 417.2
25 New York Life Insurance Company Flag of the United States.svg  United States 414.3

By net premiums written

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]

RankCompanyCountryNet premiums written
(US$ Billion)
1 UnitedHealth Group Flag of the United States.svg  United States 201.5
2 Ping An Insurance Flag of the People's Republic of China.svg  China 118.8
3 China Life Insurance Flag of the People's Republic of China.svg  China 111.2
4 Centene Corporation Flag of the United States.svg  United States 107.4
5 Anthem Flag of the United States.svg  United States 105.7
6 Kaiser Permanente Flag of the United States.svg  United States 102.9
7 Axa Flag of France.svg  France 101.3
8 Allianz Flag of Germany.svg  Germany 93.6
9 People's Insurance Company of China Flag of the People's Republic of China.svg  China 79.2
10 Assicurazioni Generali Flag of Italy.svg  Italy 79.2
11 Humana Flag of the United States.svg  United States 74.2
12 State Farm Flag of the United States.svg  United States 71.1
13 Berkshire Hathaway Flag of the United States.svg  United States 64.9
14 Munich Re Flag of Germany.svg  Germany 64.2
15 CVS Health Flag of the United States.svg  United States 56.7
16 Life Insurance Corporation Flag of India.svg  India 55.0
17 China Pacific Insurance Company Flag of the People's Republic of China.svg  China 51,7
18 Nippon Life Flag of Japan.svg  Japan 46.3
19 Health Care Service Corporation Flag of the United States.svg  United States 44.9
20 JA Kyosai Flag of Japan.svg  Japan 44.1
21 HDI Flag of Germany.svg  Germany 43.5
22 Dai-ichi Life Flag of Japan.svg  Japan 43.9
23 MetLife Flag of the United States.svg  United States 42.0
24 Liberty Mutual Flag of the United States.svg  United States 40.6
25 Progressive Corporation Flag of the United States.svg  United States 40.6

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<span class="mw-page-title-main">Munich Re</span> German reinsurance company

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<span class="mw-page-title-main">Ping An Insurance</span> Chinese insurance company

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".

<span class="mw-page-title-main">Truist Financial</span> Banking company in the U.S.

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<span class="mw-page-title-main">Reliance Capital</span> Indian Financial Services company

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.

<span class="mw-page-title-main">Life Insurance Corporation</span> Indian public sector life insurer

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.

<span class="mw-page-title-main">Erie Insurance Group</span> American insurance company

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<span class="mw-page-title-main">New India Assurance</span> Indian public sector insurance company

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<span class="mw-page-title-main">Japan Post Insurance</span> Japanese life insurance company

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.

<span class="mw-page-title-main">Allianz</span> German multinational financial services company

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.

<span class="mw-page-title-main">Sogaz</span> Russian insurance company

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.

<span class="mw-page-title-main">Canara HSBC Life Insurance</span> Indian Insurance company

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.

References

  1. 1 2 "World's Largest Insurers". AM Best.