Following is a list of the leading insurance companies in the world. AXA Group, a French global insurer, is the world’s largest insurance company with assets of US$944 billion. With presence in 64 countries, it serves over 105 million customers and engaged in property-casualty insurance, life insurance, savings, and asset management. In 2016, the company reported €100 billion in revenue, €5.8 billion in net income and €94 billion in gross written premiums. Allianz is the second largest insurer by assets with over 85 million customers and 142,000 employees worldwide.
Rank | Company | Country | Total assets, US$b | Balance sheet |
1 | AXA | France | 944.145 | 12/31/2016 |
2 | Allianz | Germany | 934.654 | 12/31/2016 |
3 | Metlife | US | 898.764 | 12/31/2016 |
4 | Ping An Insurance | China | 802.975 | 12/31/2016 |
5 | Prudential Financial | US | 783.962 | 12/31/2016 |
6 | Japan Post Insurance | Japan | 690.658 | 12/31/2016 |
7 | Nippon Life Insurance Company | Japan | 621.182 | 12/31/2016 |
8 | Berkshire Hathaway | US | 620.854 | 12/31/2016 |
9 | Prudential plc | UK | 578.149 | 12/31/2016 |
10 | Legal & General | UK | 574.901 | 12/31/2016 |
11 | Assicurazioni Generali | Italy | 551.168 | 12/31/2016 |
12 | Aviva | UK | 541.188 | 12/31/2016 |
13 | Manulife Financial | Canada | 534.705 | 12/31/2016 |
14 | American International Group | US | 498.264 | 12/31/2016 |
15 | Zenkyoren (1) | Japan | 480.248 | 03/31/2016 |
16 | Aegon | Netherlands | 450.439 | 12/31/2016 |
17 | CNP Assurances | France | 443.242 | 12/31/2016 |
18 | Dai-Ichi Life Insurance | Japan | 440.186 | 12/31/2016 |
19 | China Life Insurance | China | 388.313 | 12/31/2016 |
20 | Zurich Insurance Group | Switzerland | 382.679 | 12/31/2016 |
21 | Meiji Yasuda Life Insurance Company (2) | Japan | 346.606 | 12/31/2016 |
22 | New York Life | US | 318.000 | 12/31/2016 |
23 | Power Financial Corp | Canada | 310.568 | 12/31/2016 |
24 | Life Insurance Corporation of India | India | 310.000 | 12/31/2016 |
25 | Sumitomo Life Insurance | Japan | 287.616 | 12/31/2016 |
26 | Munich Re | Germany | 283.206 | 12/31/2016 |
27 | TIAA | US | 282.400 | 12/31/2016 |
28 | Lincoln National | US | 261.627 | 12/31/2016 |
29 | State Farm | US | 256.030 | 12/31/2016 |
30 | Cathay Financial Holding | Taiwan | 252.096 | 12/31/2016 |
31 | Northwestern Mutual | US | 250.000 | 12/31/2016 |
32 | Massachusetts Mutual | US | 235.038 | 12/31/2016 |
33 | Standard Life | UK | 234.081 | 12/31/2016 |
34 | Principal Financial | US | 228.014 | 12/31/2016 |
35 | Hartford Financial Services | US | 223.432 | 12/31/2016 |
36 | Samsung Life Insurance | South Korea | 219.577 | 12/31/2016 |
37 | Swiss RE | Switzerland | 215.065 | 12/31/2016 |
38 | Voya Financial | US | 214.235 | 12/31/2016 |
39 | Old Mutual | UK | 210.823 | 12/31/2016 |
40 | Nationwide Mutual Insurance | US | 209.777 | 12/31/2016 |
41 | Fubon Financial | Taiwan | 196.816 | 12/31/2016 |
42 | Swiss Life Holding | Switzerland | 196.373 | 12/31/2016 |
43 | Sun Life Financial | Canada | 191.598 | 12/31/2016 |
44 | Tokio Marine Holdings | Japan | 190.112 | 12/31/2016 |
45 | AIA Group | Hong Kong | 185.074 | 11/30/2016 |
46 | MS&AD Insurance Group | Japan | 178.836 | 12/31/2016 |
47 | NN Group | Netherlands | 178.199 | 12/31/2016 |
48 | Talanx | Germany | 165.579 | 12/31/2016 |
49 | Chubb | Switzerland | 159.786 | 12/31/2016 |
50 | USAA | US | 147.290 | 12/31/2016 |
51 | China Pacific Insirance Group | China | 146.962 | 12/31/2016 |
52 | Pacific Mutual Holding Company | US | 143.298 | 12/31/2016 |
53 | People's Insurance Group of China | China | 134.213 | 12/31/2016 |
54 | Aflac | US | 129.819 | 12/31/2016 |
55 | T&D Holdings | Japan | 129.007 | 12/31/2016 |
56 | Liberty Mutual | US | 125.592 | 12/31/2016 |
57 | Covea | France | 111.528 | 12/31/2016 |
58 | Ageas | Belgium | 110.294 | 12/31/2016 |
59 | Allstate | US | 108.610 | 12/31/2016 |
60 | Phoenix Group Holdings | UK | 105.676 | 12/31/2016 |
61 | Genworth Financial | US | 104.658 | 12/31/2016 |
62 | Groupama | France | 103.728 | 12/31/2016 |
63 | New China Life Insurance | China | 100.670 | 12/31/2016 |
64 | Travelers Companies | US | 100.245 | 12/31/2016 |
65 | Achmea | Netherlands | 98.366 | 12/31/2016 |
66 | Hanwha Life | South Korea | 98.249 | 12/31/2016 |
67 | Shin Kong Financial | Taiwan | 97.852 | 12/31/2016 |
68 | Unipol Gruppo Finanziario | Italy | 97.184 | 12/31/2016 |
69 | Sompo Holdings | Japan | 91.388 | 12/31/2016 |
70 | Thrivent Financial for Lutherans | US | 84.938 | 12/31/2016 |
The exchange rate on December 30, 2016.
(1) - Zenkyoren (National Mutual Insurance Federation of Agricultural Cooperatives) is a subsidiary of JA (Japan Agricultural Cooperatives) Group.
(2) - In March 2016, Meiji Yasuda Life Insurance completed acquisition of StanCorp Financial Group, a U.S. life insurance company.