World's Largest Insurance Companies - Reinsurance News (2024)

World’s Largest Insurance Companies

This World’s Largest Insurance Companies directory is based on research data from rating agency A.M. Best.

Listing the top insurance companies in the world, this directory provides a simple way to analyse the world’s top insurance companies by premiums underwritten and by their net assets.

The largest insurance groups in the world featured in these lists are ranked by net premiums written in 2022 and net non-banking assets. You can sort the tables by any of the headings and search it to analyse individual insurance companies.

World’s largest insurance companies by net premiums written

Insurers ranked by net premiums written in 2022.

RankingInsurance Company NameDomicile2022 Net premiums written (US $ 000)% change from previous year
1UnitedHealth Group Incorporated (1)United States257,157,00013.7%
2Centene Corporation (1)United States136,199,00013.2%
3Elevance Health, Inc.United States133,229,00013.5%
4Kaiser Foundation Group of Health PlansUnited States108,506,0871.9%
5Ping An Ins (Group) Co of China Ltd.China108,000,3542.3%
6China Life Insurance (Group) CompanyChina105,198,313-0.7%
7AXA S.A. France91,981,9432%
8Allianz SEGermany 91,943,5059.7%
9Humana Inc. (1)United States87,712,0009.9%
10State Farm Group (2)United States84,004,49011.6%
11People's Ins Co (Group) of China LtdChina82,486,8726.1%
12Assicurazioni Generali S.p.A. Italy80,906,4836.9%
13Berkshire Hathaway Inc.United States76,468,0006.8%
14CVS Health Corp Group (2)United States70,628,60213.6%
15Munich Reinsurance CompanyGermany68,538,01512.4%
16Life Insurance Corporation of IndiaIndia57,686,36110.9%
17China Pacific Insurance (Group) Co Ltd.China53,985,8769.3%
18Progressive CorporationUnited States51,081,10010.1%
19Health Care Service Corporation Group United States50,796,6858.8%
20The Allstate CorpUnited States50,319,0009.8%
21Dai-ichi Life Holdings, Inc.Japan50,034,19625.4%
22MetLife, Inc. United States49,397,00017.6%
23HDI V.a.G. Germany49,159,96417.9%
24Liberty Mutual Holidng Company Inc.United States48,227,00010.4%
25Zurich Ins GroupSwitzerland47,101,0005.1%

World’s largest insurance companies by net non-banking assets

Insurers ranked by net non-banking assets at year-end 2022.

RankingInsurance Company NameDomicile2022 Net Non-Banking Assets (US $ 000)% change from previous year
1Allianz SEGermany1,050,762,471-10.6%
2Ping An Ins (Group) Co of China Ltd.China960,678,44811.4%
3Berkshire Hathaway Inc. United States948,452,000-1.1%
4China Life Insurance (Group) CompanyChina885,019,4386.8%
5AXA S.A.France713,622,407-10.5%
6Prudential Financial Inc United States689,917,000-26.4%
7MetLife IncUnited States666,611,000-12.3%
8Nippon Life Insurance Company Japan660,498,691-0.9%
9Manulife Financial CorporationCanada626,832,566-7.5%
10Legal & General Group PlcUnited Kingdom619,092,980-11.9%
11Assicurazioni Generali S.p.A.Italy554,201,134-11.5%
12Life Insurance Corporation of IndiaIndia553,797,3357.6%
13American International Group, Inc.United States 526,634,000-11.7%
14Great-West Lifeco Inc. Canada517,933,32811.3%
15CNP AssurancesFrance482,853,094-6.4%
16Japan Post Insurance Co., Ltd.Japan472,687,980-6.7%
17Dai-ichi Life Holdings, Inc. Japan464,329,326-6.5%
18National Mut Ins Fed Agricultural CoopJapan438,835,641-0.9%
19Credit Agricole AssurancesFrance437,112,823-7.8%
20Aegon LtdBermuda428,087,386-14.5%
21New York Life GroupUnited States405,318,3043.2%
22Aviva plcUnited Kingdom380,321,547-12%
23Zurich Insurance Group Ltd. Switzerland 377,782,000-13.3%
24Meiji Yasuda Life Insurance CompanyJapan367,834,5561.2%
25TIAA GroupUnited States365,300,0641.4%

Notes:

Percent changes are based on local currency.
1 – Premiums shown are earned premiums.

Source: ©A.M.BestCompany, Inc. — used by permission.

View our other data tables featuring: the top global reinsurance companies in the world; the top reinsurance brokers; the top U.S. property & casualty insurers; and the top global insurance and reinsurance brokers.

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World's Largest Insurance Companies - Reinsurance News (2024)

FAQs

World's Largest Insurance Companies - Reinsurance News? ›

Germany-based Munchener Ruckversicherungs-Gesellschaft Aktiengesellschaft (Munich Re) is the leading reinsurer in the world (by written premiums).

Who is the leading reinsurance company in the world? ›

Germany-based Munchener Ruckversicherungs-Gesellschaft Aktiengesellschaft (Munich Re) is the leading reinsurer in the world (by written premiums).

Who is the largest reinsurer in the US? ›

50 Largest Health Insurance Companies in the U.S. Overall
RankHealth insurance companyTotal health plan enrollment in 2021
1Kaiser Permanente8,228,765
2Elevance Health (Anthem)4,670,236
3HCSC (including BCBS plans)4,419,293
4UnitedHealth Group4,306,492
47 more rows
Feb 26, 2024

Who is the top 10 insurance company? ›

Largest Car Insurance Companies: A Closer Look
  • #1 State Farm: Editor's Choice. ...
  • #2 Geico: Affordable for Most Drivers. ...
  • #3 Progressive: Low Rates for High-Risk Drivers. ...
  • #4 Allstate. ...
  • #5 USAA: Low Rates for Military. ...
  • #6 Liberty Mutual: Good Programs for Young Drivers. ...
  • #7 Farmers Insurance. ...
  • #8 Travelers: Most Coverage Options.
Apr 11, 2024

What is reinsurance news? ›

Reinsurance News is run by professionals with years of experience in journalism, knowledge management and the creation of timely insight for the reinsurance and risk transfer sectors.

Who is the father of reinsurance? ›

Guy Carpenter, the “Father of Modern-Day Reinsurance,” disrupted the cotton trade with a data-based approach to analyzing risk that lowered rates for his clients.

What is the wealthiest insurance company in the world? ›

By net premiums written
RankCompanyNet premiums written (US$ Billion)
1UnitedHealth Group201.5
2Ping An Insurance118.8
3China Life Insurance111.2
4Centene Corporation107.4
21 more rows

Who insures the most cars in the US? ›

State Farm is the largest auto insurance company in the U.S., with 17% of the market. Other big car insurance companies include Progressive, Geico and Allstate. Currently insured? It's free, simple and secure.

How big is the reinsurance industry? ›

The global reinsurance market size was USD 292686.91 Million in 2022. As per our research, the market is expected to reach USD 384164 Million by 2031, exhibiting a CAGR of 3.07% during the forecast period.

Who is the #1 insurance company in USA? ›

The largest P&C insurers in the United States
RankingP/C insurance company name% change from previous year
1State Farm Group11.6
2Berkshire Hathaway Ins-2.1
3Progressive Ins Group9.6
4Allstate Ins Group10
96 more rows

What is the 2nd largest insurance company? ›

  • #1: United Health Group (UNH)
  • #2: Berkshire Hathaway Inc. ( BRK.B)
  • #3: CVS Health Corp Group (CVS)
  • #4: The Cigna Group (CI)
  • #5: Elevance Health Inc. ( ELV)
  • #6: Centene (CNC)
  • #7: Ping An Insurance (PNGAY)
  • #8: Allianz (ALIZY)

What is the biggest insurance company to fail? ›

Executive Life Insurance Company (1991) - One of the largest life insurance companies in the US, it went bankrupt due to investment losses in junk bonds.

Is the reinsurance industry growing? ›

Global life reinsurance is primed for decent gains in the next few years, recording double-digit growth across its segments. A study by Allied Market Research revealed that the global life reinsurance market, valued at $222.14 billion in 2021, is on a trajectory to reach $647.8 billion by 2031.

What is the future of the reinsurance market? ›

The Global Reinsurance market is anticipated to rise at a considerable rate during the forecast period, between 2023 and 2031. In 2022, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Is Aon a reinsurance company? ›

Description. Aon Benfield is a provider of reinsurance and risk transfer services. The company offers catastrophe management, actuarial, rating agency advisory, brokerage and other capital advisory services.

Which is the 3rd strongest insurance brand globally? ›

Top 10 Strongest Insurance Brands Globally, Check List Here
RankInsurerBrand Strength Index
1LIC88.3
2Cathay Life Insurance87.7
3NRMA Insurance87.0
4PZU86.2
6 more rows
Mar 27, 2024

Which is the reinsurance company of the year? ›

Since 2009, the Australia and New Zealand Insurance Industry Awards have named RGA “Australia and New Zealand Reinsurance Company of the Year” three times.

What is the best insurance in the world? ›

Who are the top 5 health insurance companies?
  • Cigna Global.
  • GeoBlue Global Medical.
  • International Medical Group.
  • William Russell.
  • Now Health International.

What is the second largest insurance company in the world? ›

Ranking of the 20 largest insurance companies according to Forbes
RankCompanyClass of business
1UnitedHealth GroupLife and health
2Ping An Insurance GroupLife and non-life
3AllianzLife and non-life
4AXA GroupLife and non-life
16 more rows
Jun 28, 2023

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