25 Largest Insurance Companies in the World in terms of Net Premiums
Overall, the top 25 largest insurance companies globally based on annual net premiums are as follows.
1. UnitedHealth Group Incorporated
Country: United States
Net premium: US$158.5 billion
2. AXA S.A.
France
Net premium: US$104.5 billion
3. China Life Insurance (Group) Company
Country: China
Net premium: US$97.6 billion
4. Ping An Insurance (Group) Company of China Ltd.
Country: China
Net premium: US$90.3 billion
5. Allianz SE
Germany
Net premium: US$86.8
6. Anthem, Inc.
Country: United States
Net premium: US$84.2 billion
7. Kaiser Foundation Group of Health Plans
Country: United States
Net premium: US$83.6 billion
8. Assicurazioni Generali S.p.A.
Country: Italy
Net premium: US$77.5 billion
9. State Farm Group
Country: United States
Net premium: US$69.9 billion
10. People's Insurance Company (Group) of China Ltd.
Country: China
Net premium: US$68.9 billion
11. Berkshire Hathaway Inc.
Country: United States
Net premium: US$62.2 billion
12. Munich Reinsurance Company
Germany
Net premium: US$75 billion
13. Prudential plc
Great Britain
Net premium: US$56.6 billion
14. Aetna Inc.
Country: United States
Net premium: US$53.9 billion
15. Humana Inc.
Country: United States
Net premium: US$52.4 billion
16. Nippon Life INsurance Company
Japan
US$50.6 billion net premium
17. Life Insurance Corporation of India
Country: India
Net premium: US$48.9 billion
18. Centene Sorporation
Country: United States
Net premium: US$46.1 billion
19. Dai-ichi Life Holdings, Inc.
Japan
Net premium: US$46 billion
20. National Mutual Insurance Federal Agricultural Cooperation
Japan
Net premium: US$45.2 billion
21. Tokio Marine Holdings, Inc.
Japan
Net premium: US$42.5 billion
22. MS&AD Insurance Group Holdings, Inc.
Japan
Net premium: US$42.3 billion
23. Zurich Insurance Group Ltd.
Country: Switzerland
Net premium: US$41.1 billion
24. China Pacific Insurance (Group) Company, Ltd.
Country: China
Net premium: US$40.8 billion
25. Japan Post Insurance Company, Ltd.
Japan
Net premium: US$39.6 billion
In the list above, there is a newcomer namely China Pacific Insurance (Group) Company, Ltd. which is ranked 24.
25 Largest Insurance Companies in the World with Net Non-Banking Assets
Judging from the annual non-banking assets of global insurance companies, here are the top 25.
1. Allianz SE
Germany
Non-banking assets: US$1 trillion
2. AXA S.A.
France
Non-banking assets: US$992 billion
3. Prudential Financial Inc.
Country: United States
Non-banking assets: US$832 billion
4. Japan Post Insurance Company, Ltd.
Japan
Non-banking assets: US$723 billion
5. MetLife Inc.
Country: United States
Non-banking assets: US$720 billion
6. Berkshire Hathaway Inc.
Country: United States
Non-banking assets: US$702.1 billion
7. Nippon Life Insurance Company
Japan
Non-banking assets: US$700 billion
8. Legal & General Group Plc.
Great Britain
Non-banking assets: US$682.6 billion
9. Prudential plc
Great Britain
Non-banking assets: US$666.5 billion
10. Assicurazioni Generali S.p.A.
Country: Italy
Non-banking assets: US$643.4 billion
11. Aviva plc
Great Britain
Non-banking assets: US$597.4 billion
12. Manulife Financial Corporation
Country: Canada
Non-banking assets: US$581.3 billion
13. Ping An Insurance (Group) Company of China Ltd.
Country: China
Non-banking assets: US$572.5 billion
14. National Mutual Insurance Federal Agricultural Cooperation
Country: Japan
Non-banking assets: US$553.1 billion
15. China Life Insurance (Group) Company
Country: China
Non-banking assets: US$553 billion
16. CNP Assurance
France
Non-banking assets: US$507.1 billion
17. Dai-ichi Life Holdings, Inc.
Japan
Non-banking assets: US$504.4 billion
18. American International Group, Inc.
Country: United States
Non-banking assets: US$498.3 billion
19. Aegon N.V.
The Netherlands
Non-banking assets: US$475 billion
20. Credit Agricole Assurance
France
Non-banking assets: US$451.7 billion
21. Life Insurance Corporation of India
Country: India
Non-banking assets: US$438.1 billion
22. Zurich Insurance Group Ltd.
Country: Switzerland
Non-banking assets: US$422.1 billion
23. Meiji Yasuda Life Insurance Company
Japan
Non-banking assets: US$391 billion
24. Sumitomo Life Insurance Company
Japan
Non-banking assets: 339.1 billion
25. New York Life Insurance Company
Country: United States
Non-banking assets: US$337.1 billion
There was no substantial change in the rating of insurance companies by non-banking assets in 2017 compared to 2016.
Talking about the total assets of each company can certainly be clearly measured. This topic can be a reference for us as prospective customers in finding out which company provides the best long-term guarantee and includes the realization of our insurance claims in the future.
However, if you look at it in terms of service, the product coverage offered starts from life and health insurance and other products. Not to mention the suitability of our needs as customers, of course, becomes another subject of discussion.
Therefore, we as potential customers need to understand which products can bear the maximum risk for us, our families and our company.