Finance Companies

Top Insurance Companies In The World

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.

Rank Company Country Total assets, US$b Balance sheet
1 Allianz Germany 1,046.96 06/30/2017
2 AXA France 1,038.06 06/30/2017
3 Ping An Insurance China 925.988 09/30/2017
4 Prudential Financial US 821.131 09/30/2017
5 Metlife US 720.515 09/30/2017
6 Japan Post Insurance Japan 698.667 09/30/2017
7 Berkshire Hathaway US 681.554 09/30/2017
8 Nippon Life Insurance Company (Nissay) Japan 660.716 09/30/2017
9 Prudential plc UK 644.631 06/30/2017
10 Legal & General UK 642.923 06/30/2017
11 Assicurazioni Generali Italy 641.730 09/30/2017
12 Aviva UK 589.541 06/30/2017
13 Manulife Financial Canada 548.260 09/30/2017
14 Zenkyoren (1) Japan 513.209 03/31/2017
15 American International Group (AIG) US 503.073 09/30/2017
16 Dai-ichi Life Holdings Japan 476.106 09/30/2017
17 CNP Assurances France 469.756 06/30/2017
18 Aegon Netherlands 445.658 09/30/2017
19 China Life Insurance China 431.369 09/30/2017
20 Zurich Insurance Group Switzerland 381.173 06/30/2017
21 Meiji Yasuda Life Insurance Company Japan 360.217 09/30/2017
22 Power Financial Corp Canada 338.175 09/30/2017
23 Sumitomo Life Insurance Company Japan 316.356 09/30/2017
24 Munich Re Germany 313.832 06/30/2017
25 Life Insurance Corporation of India India 310.000 12/31/2016
26 TIAA US 294.057 03/31/2017
27 New York Life US 287.196 12/31/2016
28 Cathay Financial Holding Taiwan 287.020 09/30/2017
29 Lincoln National US 276.785 09/30/2017
30 NN Group NV Netherlands 269.851 09/30/2017
31 Northwestern Mutual US 258.232 06/30/2017
32 State Farm US 256.030 12/31/2016
33 Standard Life Aberdeen UK 248.265 06/30/2017
34 Principal Financial US 247.934 09/30/2017
35 Samsung Life Insurance South Korea 245.425 09/30/2017
36 Massachusetts Mutual US 243.418 06/30/2017
37 Nationwide Mutual Insurance US 227.528 09/30/2017
38 Voya Financial US 226.644 09/30/2017
39 Old Mutual UK 226.044 06/30/2017
40 Hartford Financial Services US 224.211 09/30/2017
41 Brighthouse Financial US 223.279 09/30/2017
42 Fubon Financial Taiwan 221.046 09/30/2017
43 Swiss RE Switzerland 213.341 06/30/2017
44 Swiss Life Holding Switzerland 208.517 06/30/2017
45 Sun Life Financial Canada 206.198 09/30/2017
46 Tokio Marine Holdings Japan 202.333 09/30/2017
47 MS&AD Insurance Group Japan 197.630 09/30/2017
48 AIA Group Hong Kong 197.410 05/31/2017
49 Talanx AG Germany 176.280 09/30/2017
50 China Pacific Insurance Group (CPIC) China 172.437 09/30/2017
51 Chubb Ltd Switzerland 167.578 09/30/2017
52 USAA (United Services Automobile Association) US 153.027 06/30/2017
53 Pacific Mutual Holding Company US 143.298 12/31/2016
54 People’s Insurance Co (Group) of China China 140.985 06/30/2017
55 Liberty Mutual Holding Company US 137.962 06/30/2017
56 Aflac US 136.083 09/30/2017
57 T&D Holdings Japan 134.150 09/30/2017
58 Ageas Belgium 122.090 09/30/2017
59 Achmea Netherlands 115.620 06/30/2017
60 Allstate US 113.632 09/30/2017
61 Covea Mutual Insurance Group France 111.528 12/31/2016
62 Sompo Holdings (2) Japan 110.560 09/30/2017
63 Shin Kong Financial Taiwan 109.562 09/30/2017
64 Hanwha Life South Korea 108.587 09/30/2017
65 New China Life Insurance China 107.285 09/30/2017
66 Unipol Gruppo Finanziario Italy 104.998 06/30/2017
67 Genworth Financial US 104.629 09/30/2017
68 Travelers Companies US 104.311 09/30/2017
69 Groupama France 103.728 12/31/2016
70 Phoenix Group Holdings UK 100.476 06/30/2017

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