List of largest insurance companies explained

These are lists of the insurance companies in the world, as measured by total non-banking assets and by net premiums written.

By assets

The list is based on the 2023 report of the 25 largest insurance companies in the world by 2021 assets from AM Best.

RankCompanyCountryTotal assets
(US$ Billion)
1Allianz1,247.2
2Berkshire Hathaway958.8
3Prudential Financial937.6
4Ping An Insurance937.0
5China Life Insurance900.5
6Axa846.3
7Legal & General786.1
8MetLife759.7
9Nippon Life725.0
10Manulife Financial718.1
11Assicurazioni Generali663.9
12American International Group596.1
13Life Insurance Corporation560.3
14Japan Post Insurance551.0
15CNP Assurances547.0
16Dai-ichi Life540.4
17Aegon N.V.531.0
18Credit Agricole Assurances502.7
19Great-West Lifeco493.4
20Aviva483.6
21JA Kyosai481.7
22Zurich Insurance Group435.8
23New York Life Insurance Company428.6
24Meiji Yasuda Life395.4
25Lincoln Natl Corp387.3

By net premiums written

The list is based on the 2023 report of the 25 largest insurance companies in the world by 2021 net premiums written from AM Best.[1]

RankCompanyCountryNet premiums written
(US$ Billion)
1UnitedHealth Group226.2
2Centene Corporation120.3
3Elevance Health117.4
4China Life Insurance115.1
5Ping An Insurance114.7
6Kaiser Permanente106.4
7Axa95.7
8Allianz88.9
9People's Insurance Company of China84.5
10Assicurazioni Generali80.3
11Humana79.8
12Berkshire Hathaway71.6
13State Farm71.1
14Munich Re64.7
15CVS Health62.2
16Life Insurance Corporation56.6
17China Pacific Insurance Company53.7
18Health Care Service Corporation46.7
19Progressive Corporation46.4
20The Allstate Corp45.8
21Zurich Ins Group Ltd44.8
22HDI44.2
23Liberty Mutual43.7
24Dai-ichi Life43.4
25Nippon Life43.2

Notes and References

  1. Web site: World's Largest Insurance Companies—2023 Edition .