The insurance industry is a major component of the economy by virtue of the amount of premiums it collects, the scale of its investment and, more fundamentally, the essential social and economic role it plays by covering personal and business risks.
In this work, we are going to present the rank of the 50 largest insurance companies in world by total assets, which still remains today, one of the most widely used indicators for comparing insurance with each other. Let’s now see the 50 largest insurance companies in world by assets.
In the ranking of the 50 largest insurance companies in the world by assets, there are 17 US companies, 9 Japanese, 4 Chinese, 4 British, 4 Swiss, 3 German, 3 Canadian, 3 Taiwanese, 2 French, 2 Dutch, 1 Korean, 1 Italian, 1 Indian and 1 Hong Kong.
In the top of the ranking of the largest insurance companies in world by assets is Ping An Insurance with 1.251 billion USD in assets. In the second place is Allianz SE with 1.144 billion USD in assets, followed by Prudential Financial with about 915 billion USD in assets. AXA S.A. is fourth and Berkshire Hathaway Inc fifth.
In the last three places of the ranking of the largest insurance companies in world by assets there are Chubb Ltd with 181 billion USD, People’s Insurance Co (Group) of Chinawith 179 billion USD and USAA (United Services Automobile Assoc.) with 174 billion USD.
|1||Ping An Insurance||1.251|
|5||Berkshire Hathaway Inc||788|
|7||Nippon Life Insurance Company||765|
|8||Legal & General Group plc||721|
|9||Japan Post Insurance Co. Ltd||657|
|10||Manulife Financial Corp||635|
|11||Assicurazioni Generali S.p.A.||580|
|13||American International Group Inc||569|
|14||Dai-ichi Life Holdings Inc||564|
|15||China Life Insurance Co. Ltd||561|
|20||Life Insurance Corporation of India||413|
|21||Meiji Yasuda Life Insurance Company||401|
|22||Zurich Insurance Group AG||375|
|23||New York Life||372|
|24||Sumitomo Life Insurance Company||368|
|25||Cathay Financial Holding Co. Ltd||351|
|26||Lincoln National Corp||340|
|27||Power Financial Corp||339|
|28||Munich Re Group||331|
|30||Fubon Financial Holding Co. Ltd||301|
|33||State Farm Companies||295|
|34||NN Group N.V.||294|
|36||AIA Group Ltd||287|
|37||Principal Financial Group Inc||271|
|38||Samsung Life Insurance Co. Ltd||265|
|39||Nationwide Mutual Insurance Company||254|
|40||Swiss Life Holding||240|
|41||China Pacific Insurance Group (CPIC)||239|
|42||Swiss RE AG||238|
|43||Brighthouse Financial Inc||235|
|44||Tokio Marine Holdings Inc||232|
|45||Sun Life Financial Inc||226|
|49||People’s Insurance Co (Group) of China||179|
|50||USAA (United Services Automobile Assoc.)||174|
The data used in this work have been collected from the main financial sites. For all of the banks, the total assets refer to the 30/06/2020 balance sheet and are expressed in billions of USD.