top insurance companies

Here is a list of the ten top insurance companies in the world ranked by total assets. On this list of top ten insurance companies in the world is, Allianz Group, based in Germany, which has taken lead as the world’s largest insurance company in terms of assets. The company has over 86 million customers scattered in more than 70 countries. Equally, the company is a global leader in property and casualty insurance, life and health insurance, travel insurance, credit insurance, corporate insurance and asset management.

Allianz Group gross premiums written amounted to EUR 76 billion in last financial year. Still on the list is AXA Group . It is the second largest international insurer with presence in 64 countries. The world’s 10 top insurance companies have combined assets of about $8.0 trillion.

Now let talk about the 10 to insurance companies that we have in the world.

1 Allianz SE (ALIZY): The no 1 on the list of top insurance companies

  • Revenue (TTM): $101.2 billion
  • Net Income (TTM): $8.2 billion
  • Market Cap: $85.9 billion
  • 1-Year Trailing Total Return: -13.4%
  • Exchange: OTC

Like stated above in the introductory page, Allianz is a leading global financial services company, providing products and services from insurance to asset management. It offers insurance packages in products ranging from property and casualty policies to health and life insurance for corporate and individual customers. The company is headquartered in Germany.

 

2 AXA SA (AXAHY)

  • Revenue (TTM): $139.5 billion
  • Net Income (TTM): $4.3 billion
  • Market Cap: $48.2 billion
  • 1-Year Trailing Total Return: -17.2%
  • Exchange: OTC

Equally stated above on the intro-page, AXA is one of the world’s leading insurance groups with major businesses in property and casualty insurance, life insurance, savings, and asset management. Actually, it is second placed largest insurance company. In 1990s, Several insurance companies merged to create AXA. It does business in all major global markets.

 

3 Ping An Insurance (Group) Co. of China Ltd. (PNGAY)

  • Revenue (TTM): $144.8 billion
  • Net Income (TTM): $18.7 billion
  • Market Cap: $194.0 billion
  • 1-Year Trailing Total Return: -7.5%
  • Exchange: OTC

Next on our list of global top ten insurance companies is Ping. This insurance company is involved primarily in insurance, financial services, and banking. It is one of the top 50 companies listed on the Shanghai Stock Exchange. It was Founded in 1988, and happened to be China’s first joint-stock insurance company. Its subsidiaries include Ping An Life, Ping An Property & Casualty, Ping An Annuity, and Ping An Health, among many others.

 

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4 China Life Insurance Co. Ltd. (LFC)

  • Revenue (TTM): $105.6 billion
  • Net Income (TTM): $8.4 billion
  • Market Cap: $64.9 billion
  • 1-Year Trailing Total Return: -6.3%
  • Exchange: New York Stock Exchange

Still of China, the China Life Insurance is one of the mainland’s largest state-owned insurance and financial services companies, as well as a key player in the Chinese capital market as an institutional investor. The company was founded in 1949, the same year that the People’s Republic if China was founded. The company today has numerous subsidiaries spread across life insurance, pension plans, asset management, property and casualty, and investment holdings with all doing well.

 

5 Prudential PLC (PUK)

  • Revenue (TTM): $93.7 billion
  • Net Income (TTM): $0.8 billion
  • Market Cap: $37.8 billion
  • 1-Year Trailing Total Return: -17.2%
  • Exchange: New York Stock Exchange

The Prudential PLC is a London-based insurance and investment services company. Following in the foot steps of other insurance companies, the company offers products ranging from life, health, accident, property, and casualty policies to pensions, equity plans, mortgages and other financial services. Prudential also caters to customers in all major global markets, including in the U.K., its home market.

 

6 Aviva PLC (AVVIY)

  • Revenue (TTM): $90.6 billion
  • Net Income (TTM): $3.3 billion
  • Market Cap: $13.8 billion
  • 1-Year Trailing Total Return: -27.1%
  • Exchange: OTC

This company is U.K. based. Just like other insurance companies, Aviva PLC is an international insurance company offering transport, aviation, marine, fire, motor, and life insurance products, as well as a range of financial services. Its UK Life business and General Insurance business are leaders in their home market in the U.K

 

7 Assicurazioni Generali (ARZGY)

  • Revenue (TTM): $86.9 billion
  • Net Income (TTM): $1.8 billion
  • Market Cap: $24.9 billion
  • 1-Year Trailing Total Return: -12.7%
  • Exchange: OTC

Headquartered in Italy, Assicurazioni Generali is an international insurance provider. The company offers a variety of life, non-life, and reinsurance products. While a large portion of Assicurazioni Generali’s business is in Europe, it has a growing presence in Asia and Latin America.

 

8 Legal & General Group PLC (LGGNY)

  • Revenue (TTM): $85.9 billion
  • Net Income (TTM): $2.4 billion
  • Market Cap: $16.8 billion
  • 1-Year Trailing Total Return: -4.0%
  • Exchange: OTC

Legal & General Group is a London-based financial services and insurance company. With a worldwide customer base, the company provides a range of asset management, retirement, savings, and general insurance products.

 

9 The People’s Insurance Co. (Group) of China Ltd. (PINXY)

  • Revenue (TTM): $76.4 billion
  • Net Income (TTM): $3.2 billion
  • Market Cap: $14.7 billion
  • 1-Year Trailing Total Return: -17.7%
  • Exchange: OTC

With the Chinese central government as its controlling shareholder, The People’s Insurance Co. operates a number of subsidiaries that provide property, life, pension, and health insurance products, as well as reinsurance and various other offerings. The company also offers asset management services.

 

10 Berkshire Hathaway (BRK.A)

  • Revenue (TTM): $237.2 billion
  • Net Income (TTM): $10.0 billion
  • Market Cap: $475.7 billion
  • 1-Year Trailing Total Return: -4.9%
  • Exchange: New York Stock Exchange

Berkshire Hathaway Inc. is a major conglomerate and one of the nation’s premier insurance companies, also owning businesses in sectors such as rail transportation, utilities and energy, manufacturing, services, and retailing. Berkshire provides primary insurance, as well as reinsurance of property and casualty risks through companies such as GEICO, Berkshire Hathaway Reinsurance Group, Berkshire Hathaway Primary Group, General Re, National Indemnity Company and others.

 

In general below table shows are the global top insurance companies.

RankCompanyCountryTotal assets, US$bBalance sheet
1AllianzGermany1,046.9606/30/2017
2AXAFrance1,038.0606/30/2017
3Ping An InsuranceChina925.98809/30/2017
4Prudential FinancialUS821.13109/30/2017
5MetlifeUS720.51509/30/2017
6Japan Post InsuranceJapan698.66709/30/2017
7Berkshire HathawayUS681.55409/30/2017
8Nippon Life Insurance Company (Nissay)Japan660.71609/30/2017
9Prudential plcUK644.63106/30/2017
10Legal & GeneralUK642.92306/30/2017
11Assicurazioni GeneraliItaly641.73009/30/2017
12AvivaUK589.54106/30/2017
13Manulife FinancialCanada548.26009/30/2017
14Zenkyoren (1)Japan513.20903/31/2017
15American International Group (AIG)US503.07309/30/2017
16Dai-ichi Life HoldingsJapan476.10609/30/2017
17CNP AssurancesFrance469.75606/30/2017
18AegonNetherlands445.65809/30/2017
19China Life InsuranceChina431.36909/30/2017
20Zurich Insurance GroupSwitzerland381.17306/30/2017
21Meiji Yasuda Life Insurance CompanyJapan360.21709/30/2017
22Power Financial CorpCanada338.17509/30/2017
23Sumitomo Life Insurance CompanyJapan316.35609/30/2017
24Munich ReGermany313.83206/30/2017
25Life Insurance Corporation of IndiaIndia310.00012/31/2016
26TIAAUS294.05703/31/2017
27New York LifeUS287.19612/31/2016
28Cathay Financial HoldingTaiwan287.02009/30/2017
29Lincoln NationalUS276.78509/30/2017
30NN Group NVNetherlands269.85109/30/2017
31Northwestern MutualUS258.23206/30/2017
32State FarmUS256.03012/31/2016
33Standard Life AberdeenUK248.26506/30/2017
34Principal FinancialUS247.93409/30/2017
35Samsung Life InsuranceSouth Korea245.42509/30/2017
36Massachusetts MutualUS243.41806/30/2017
37Nationwide Mutual InsuranceUS227.52809/30/2017
38Voya FinancialUS226.64409/30/2017
39Old MutualUK226.04406/30/2017
40Hartford Financial ServicesUS224.21109/30/2017
41Brighthouse FinancialUS223.27909/30/2017
42Fubon FinancialTaiwan221.04609/30/2017
43Swiss RESwitzerland213.34106/30/2017
44Swiss Life HoldingSwitzerland208.51706/30/2017
45Sun Life FinancialCanada206.19809/30/2017
46Tokio Marine HoldingsJapan202.33309/30/2017
47MS&AD Insurance GroupJapan197.63009/30/2017
48AIA GroupHong Kong197.41005/31/2017
49Talanx AGGermany176.28009/30/2017
50China Pacific Insurance Group (CPIC)China172.43709/30/2017
51Chubb LtdSwitzerland167.57809/30/2017
52USAA (United Services Automobile Association)US153.02706/30/2017
53Pacific Mutual Holding CompanyUS143.29812/31/2016
54People’s Insurance Co (Group) of ChinaChina140.98506/30/2017
55Liberty Mutual Holding CompanyUS137.96206/30/2017
56AflacUS136.08309/30/2017
57T&D HoldingsJapan134.15009/30/2017
58AgeasBelgium122.09009/30/2017
59AchmeaNetherlands115.62006/30/2017
60AllstateUS113.63209/30/2017
61Covea Mutual Insurance GroupFrance111.52812/31/2016
62Sompo Holdings (2)Japan110.56009/30/2017
63Shin Kong FinancialTaiwan109.56209/30/2017
64Hanwha LifeSouth Korea108.58709/30/2017
65New China Life InsuranceChina107.28509/30/2017
66Unipol Gruppo FinanziarioItaly104.99806/30/2017
67Genworth FinancialUS104.62909/30/2017
68Travelers CompaniesUS104.31109/30/2017
69GroupamaFrance103.72812/31/2016
70Phoenix Group HoldingsUK100.47606/30/2017
Top Insurance Companies In The World
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