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.

Rank	Company	Assets	Country
1	Allianz	1047	Germany
2	AXA	1038	France
3	Ping An Insurance	926	China
4	Prudential Financial	821	US
5	Metlife	721	US
6	Japan Post Insurance	699	Japan
7	Berkshire Hathaway	682	US
8	Nippon Life Insurance Company	661	Japan
9	Prudential plc	645	UK
10	Legal & General	643	UK
11	Assicurazioni Generali	642	Italy
12	Aviva	590	UK
13	Manulife Financial	548	Canada
14	Zenkyoren	513	Japan
15	American International Group	203	US
16	Dai-ichi Life Holdings	476	Japan
17	CNP Assurances	470	France
18	Aegon	446	Netherlands
19	China Life Insurance	431	China
20	Zurich Insurance Group	381	Switzerland
21	Meiji Yasuda Life Insurance Company	360	Japan
22	Power Financial Corp	338	Canada
23	Sumitomo Life Insurance Company	316	Japan
24	Munich Re	314	Germany
25	Life Insurance Corporation of India	310	India
26	TIAA	294	US
27	New York Life	288	US
28	Cathay Financial Holding	287	Taiwan
29	Lincoln National	277	US
30	NN Group NV	270	Netherlands
31	Northwestern Mutual	258	US
32	State Farm	256	US
33	Standard Life Aberdeen	249	UK
34	Principal Financial	248	US
35	Samsung Life Insurance	245	South Korea
36	Massachusetts Mutual	243	US
37	Nationwide Mutual Insurance	228	US
38	Voya Financial	227	US
39	Old Mutual	226	UK
40	Hartford Financial Services	224	US
41	Brighthouse Financial	223	US
42	Fubon Financial	221	Taiwan
43	Swiss RE	213	Switzerland
44	Swiss Life Holding	209	Switzerland
45	Sun Life Financial	206	Canada
46	Tokio Marine Holdings	202	Japan
47	MS&AD Insurance Group	198	Japan
48	AIA Group	197	Hong Kong
49	Talanx AG	176	Germany
50	China Pacific Insurance Group	172	China
51	Chubb Ltd	168	Switzerland
52	USAA	153	US
53	Pacific Mutual Holding Company	143	US
54	People’s Insurance Company of China	141	China
55	Liberty Mutual Holding Company	138	US
56	Aflac	136	US
57	T&D Holdings	134	Japan
58	Ageas	122	Belgium
59	Achmea	116	Netherlands
60	Allstate	114	US
61	Covea Mutual Insurance Group	112	France
62	Sompo Holdings	111	Japan
63	Shin Kong Financial	110	Taiwan
64	Hanwha Life	109	South Korea
65	New China Life Insurance	107	China
66	Unipol Gruppo Finanziario	106	Italy
67	Genworth Financial	105	US
68	Travelers Companies	104	US
69	Groupama	103	France
70	Phoenix Group Holdings	101	UK

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.