World’s Largest Insurance Companies
This World’s Largest Insurance Companies directory is based on research data from rating agency A.M. Best.
Listing the top insurance companies in the world, this directory provides a simple way to analyse the world’s top insurance companies by premiums underwritten and by their net assets.
The largest insurance groups in the world featured in these lists are ranked by net premiums written in 2022 and net non-banking assets. You can sort the tables by any of the headings and search it to analyse individual insurance companies.
World’s largest insurance companies by net premiums written
Insurers ranked by net premiums written in 2022.
| Ranking | Insurance Company Name | Domicile | 2022 Net premiums written (US $ 000) | % change from previous year |
|---|---|---|---|---|
| 1 | UnitedHealth Group Incorporated (1) | United States | 257,157,000 | 13.7% |
| 2 | Centene Corporation (1) | United States | 136,199,000 | 13.2% |
| 3 | Elevance Health, Inc. | United States | 133,229,000 | 13.5% |
| 4 | Kaiser Foundation Group of Health Plans | United States | 108,506,087 | 1.9% |
| 5 | Ping An Ins (Group) Co of China Ltd. | China | 108,000,354 | 2.3% |
| 6 | China Life Insurance (Group) Company | China | 105,198,313 | -0.7% |
| 7 | AXA S.A. | France | 91,981,943 | 2% |
| 8 | Allianz SE | Germany | 91,943,505 | 9.7% |
| 9 | Humana Inc. (1) | United States | 87,712,000 | 9.9% |
| 10 | State Farm Group (2) | United States | 84,004,490 | 11.6% |
| 11 | People's Ins Co (Group) of China Ltd | China | 82,486,872 | 6.1% |
| 12 | Assicurazioni Generali S.p.A. | Italy | 80,906,483 | 6.9% |
| 13 | Berkshire Hathaway Inc. | United States | 76,468,000 | 6.8% |
| 14 | CVS Health Corp Group (2) | United States | 70,628,602 | 13.6% |
| 15 | Munich Reinsurance Company | Germany | 68,538,015 | 12.4% |
| 16 | Life Insurance Corporation of India | India | 57,686,361 | 10.9% |
| 17 | China Pacific Insurance (Group) Co Ltd. | China | 53,985,876 | 9.3% |
| 18 | Progressive Corporation | United States | 51,081,100 | 10.1% |
| 19 | Health Care Service Corporation Group | United States | 50,796,685 | 8.8% |
| 20 | The Allstate Corp | United States | 50,319,000 | 9.8% |
| 21 | Dai-ichi Life Holdings, Inc. | Japan | 50,034,196 | 25.4% |
| 22 | MetLife, Inc. | United States | 49,397,000 | 17.6% |
| 23 | HDI V.a.G. | Germany | 49,159,964 | 17.9% |
| 24 | Liberty Mutual Holidng Company Inc. | United States | 48,227,000 | 10.4% |
| 25 | Zurich Ins Group | Switzerland | 47,101,000 | 5.1% |
World’s largest insurance companies by net non-banking assets
Insurers ranked by net non-banking assets at year-end 2022.
| Ranking | Insurance Company Name | Domicile | 2022 Net Non-Banking Assets (US $ 000) | % change from previous year |
|---|---|---|---|---|
| 1 | Allianz SE | Germany | 1,050,762,471 | -10.6% |
| 2 | Ping An Ins (Group) Co of China Ltd. | China | 960,678,448 | 11.4% |
| 3 | Berkshire Hathaway Inc. | United States | 948,452,000 | -1.1% |
| 4 | China Life Insurance (Group) Company | China | 885,019,438 | 6.8% |
| 5 | AXA S.A. | France | 713,622,407 | -10.5% |
| 6 | Prudential Financial Inc | United States | 689,917,000 | -26.4% |
| 7 | MetLife Inc | United States | 666,611,000 | -12.3% |
| 8 | Nippon Life Insurance Company | Japan | 660,498,691 | -0.9% |
| 9 | Manulife Financial Corporation | Canada | 626,832,566 | -7.5% |
| 10 | Legal & General Group Plc | United Kingdom | 619,092,980 | -11.9% |
| 11 | Assicurazioni Generali S.p.A. | Italy | 554,201,134 | -11.5% |
| 12 | Life Insurance Corporation of India | India | 553,797,335 | 7.6% |
| 13 | American International Group, Inc. | United States | 526,634,000 | -11.7% |
| 14 | Great-West Lifeco Inc. | Canada | 517,933,328 | 11.3% |
| 15 | CNP Assurances | France | 482,853,094 | -6.4% |
| 16 | Japan Post Insurance Co., Ltd. | Japan | 472,687,980 | -6.7% |
| 17 | Dai-ichi Life Holdings, Inc. | Japan | 464,329,326 | -6.5% |
| 18 | National Mut Ins Fed Agricultural Coop | Japan | 438,835,641 | -0.9% |
| 19 | Credit Agricole Assurances | France | 437,112,823 | -7.8% |
| 20 | Aegon Ltd | Bermuda | 428,087,386 | -14.5% |
| 21 | New York Life Group | United States | 405,318,304 | 3.2% |
| 22 | Aviva plc | United Kingdom | 380,321,547 | -12% |
| 23 | Zurich Insurance Group Ltd. | Switzerland | 377,782,000 | -13.3% |
| 24 | Meiji Yasuda Life Insurance Company | Japan | 367,834,556 | 1.2% |
| 25 | TIAA Group | United States | 365,300,064 | 1.4% |
Notes:
Percent changes are based on local currency.
1 – Premiums shown are earned premiums.
Source: ©A.M.BestCompany, Inc. — used by permission.
View our other data tables featuring: the top global reinsurance companies in the world; the top reinsurance brokers; the top U.S. property & casualty insurers; and the top global insurance and reinsurance brokers.
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