Top 50 largest insurance companies in the world

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.

1Ping An Insurance1.251
2Allianz SE1.144
3Prudential Financial915
4AXA S.A.903
5Berkshire Hathaway Inc788
6Metlife Inc768
7Nippon Life Insurance Company765
8Legal & General Group plc721
9Japan Post Insurance Co. Ltd657
10Manulife Financial Corp635
11Assicurazioni Generali S.p.A.580
12Aviva plc571
13American International Group Inc569
14Dai-ichi Life Holdings Inc564
15China Life Insurance Co. Ltd561
17CNP Assurances494
18Aegon N.V.476
19Prudential plc463
20Life Insurance Corporation of India413
21Meiji Yasuda Life Insurance Company401
22Zurich Insurance Group AG375
23New York Life372
24Sumitomo Life Insurance Company368
25Cathay Financial Holding Co. Ltd351
26Lincoln National Corp340
27Power Financial Corp339
28Munich Re Group331
30Fubon Financial Holding Co. Ltd301
32Northwestern Mutual296
33State Farm Companies295
34NN Group N.V.294
35Phoenix Group292
36AIA Group Ltd287
37Principal Financial Group Inc271
38Samsung Life Insurance Co. Ltd265
39Nationwide Mutual Insurance Company254
40Swiss Life Holding240
41China Pacific Insurance Group (CPIC)239
42Swiss RE AG238
43Brighthouse Financial Inc235
44Tokio Marine Holdings Inc232
45Sun Life Financial Inc226
46MS&AD Insurance219
47Talanx AG202
48Chubb Ltd181
49People’s Insurance Co (Group) of China179
50USAA (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.

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