The world’s largest insurance companies by assets

Insurance companies are important players in the global financial economy, although they may not be as flashy as investment banks or hedge funds. They come in many sizes and specialize in different policy lines, from health to life to property & casualty.

There are a number of ways to rank the size of insurance companies. Companies can be measured by their market capitalization (the value of the company on a stock exchange), by using sales figures or by their total assets. This work will be focused on the realization of the ranking of the largest insurance companies in the world by total assets. An asset is any item with economic value that is held by a company and the total assets are defined as the sum of all current and long-term assets held by a company.

Following is a list of the top 70 insurance companies in the world ranked by total assets. In the top 70 insurance companies there are 22 US insurance companies, 10 Japanese insurance companies, 6 UK insurance companies, 5 Chinese insurance companies, 4 French insurance companies, 4 Swiss insurance companies, 3 German insurance companies, 3 from Netherlands, 3 from Taiwan, 3 from Canada, 2 Italian insurance companies, 2 from South Korea, 1 from Belgium, 1 form Hong Kong and 1 form India.

The world’s largest insurance company by assets is Allianz with 1047 billion USD, followed by AXA with 1038 billion USD and Ping An Insurance with 926 USD. In the fourth place, there is Prudential Financial with 821 billion USD and in the fifth place, there is Metlife with 721 billion USD.

In the last three places of the ranking of the largest insurance companies in the world by assets there are Travelers Companies with 104 billion USD, Groupama with 103 billion USD and Phoenix Group Holdings with 101 billion USD.

3Ping An Insurance926China
4Prudential Financial821US
6Japan Post Insurance699Japan
7Berkshire Hathaway682US
8Nippon Life Insurance Company661Japan
9Prudential plc645UK
10Legal & General643UK
11Assicurazioni Generali642Italy
13Manulife Financial548Canada
15American International Group203US
16Dai-ichi Life Holdings476Japan
17CNP Assurances470France
19China Life Insurance431China
20Zurich Insurance Group381Switzerland
21Meiji Yasuda Life Insurance Company360Japan
22Power Financial Corp338Canada
23Sumitomo Life Insurance Company316Japan
24Munich Re314Germany
25Life Insurance Corporation of India310India
27New York Life288US
28Cathay Financial Holding287Taiwan
29Lincoln National277US
30NN Group NV270Netherlands
31Northwestern Mutual258US
32State Farm256US
33Standard Life Aberdeen249UK
34Principal Financial248US
35Samsung Life Insurance245South Korea
36Massachusetts Mutual243US
37Nationwide Mutual Insurance228US
38Voya Financial227US
39Old Mutual226UK
40Hartford Financial Services224US
41Brighthouse Financial223US
42Fubon Financial221Taiwan
43Swiss RE213Switzerland
44Swiss Life Holding209Switzerland
45Sun Life Financial206Canada
46Tokio Marine Holdings202Japan
47MS&AD Insurance Group198Japan
48AIA Group197Hong Kong
49Talanx AG176Germany
50China Pacific Insurance Group172China
51Chubb Ltd168Switzerland
53Pacific Mutual Holding Company143US
54People’s Insurance Company of China141China
55Liberty Mutual Holding Company138US
57T&D Holdings134Japan
61Covea Mutual Insurance Group112France
62Sompo Holdings111Japan
63Shin Kong Financial110Taiwan
64Hanwha Life109South Korea
65New China Life Insurance107China
66Unipol Gruppo Finanziario106Italy
67Genworth Financial105US
68Travelers Companies104US
70Phoenix Group Holdings101UK

In the ranking of the 70 largest insurance companies in the world by total assets are included only the insurance companies for which there were public information about the total assets. The data used in this work have been collected from the main financial sites. For most of the insurance companies, the total assets refer to the 2017 balance sheet, except New York Life, State Farm, Pacific Mutual Holding Company, Covea Mutual Insurance Group and Groupama, in which refer to the 2016 balance sheet. The total assets are expressed in billions of USD.

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