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Best's Rankings
World’s Largest Insurance Companies — 2022 Edition

Allianz ranked No. 1 based on 2020 net nonbanking assets while UnitedHealth Group ranked No. 1 based on 2020 net premiums written.
  • July 2022

Best’s Rankings
World’s Largest Insurance Companies—2022 Edition

Ranked by 2020 net nonbanking assets.

2020
Asset
Rank
2019
Asset
Rank
AMB# Company Name Country
of Domicile
2020 Net Nonbanking
Assets
USD (000)
%
Change*
1 1 085014 Allianz SE Germany 1,261,940,234 4.90
2 3 085085 AXA S.A. France 950,598,568 2.77
3 2 058182 Prudential Financial, Inc. United States 940,722,000 4.93
4 8 086446 Ping An Ins (Group) Co of China Ltd China 883,921,884 16.49
5 4 058334 Berkshire Hathaway Inc. United States 873,729,000 6.85
6 6 058175 MetLife, Inc. United States 795,146,000 7.38
7 5 090826 Nippon Life Insurance Company Japan 776,720,328 6.88
8 10 052446 China Life Insurance (Group) Company China 776,376,157 12.15
9 7 086120 Legal & General Group Plc United Kingdom 774,781,625 1.75
10 11 066866 Manulife Financial Corporation Canada 688,785,058 8.80
11 13 085124 Assicurazioni Generali S.p.A. Italy 669,121,764 5.86
12 12 085909 Aviva plc United Kingdom 651,607,417 4.31
13 9 095689 Japan Post Insurance Co., Ltd. Japan 636,812,794 -2.08
14 16 058702 American International Group, Inc. United States 586,481,000 11.70
15 14 046417 Dai-ichi Life Holdings, Inc. Japan 577,106,514 5.97
16 17 085244 Aegon N.V. Netherlands 546,475,851 0.98
17 18 086056 CNP Assurances France 543,616,259 0.49
18 19 093310 Crédit Agricole Assurances France 536,783,775 2.71
19 15 090906 National Mut Ins Fed Agricultural Coop Japan 531,654,523 1.47
20 21 085485 Life Insurance Corporation of India India 520,495,238 18.99
21 20 085925 Prudential plc United Kingdom 516,097,000 13.62
22 26 050910 Great-West Lifeco Inc. Canada 469,823,376 33.10
23 22 050457 Zurich Insurance Group Ltd Switzerland 439,299,000 8.55
24 23 090828 Meiji Yasuda Life Insurance Company Japan 417,243,955 7.89
25 24 061691 New York Life Insurance Company United States 414,250,000 11.46

* Percent change is based upon local currency.

Source: BestLink logo Best’s Financial Suite - Global; data as of Dec. 13, 2021.

Best’s Rankings
World’s Largest Insurance Companies—2022 Edition

Ranked by 2020 net premiums written.

2020
Premium
Rank
2019
Premum
Rank
AMB# Company Name Country
of Domicile
2020 Net
Premiums
Written
USD (000)
%
Change*
1 1 058106 UnitedHealth Group Incorporated 1 United States 201,478,000 6.21
2 2 086446 Ping An Ins (Group) Co of China Ltd China 118,754,056 0.14
3 4 052446 China Life Insurance (Group) Company China 111,156,155 6.20
4 10 051149 Centene Corporation 1 United States 107,370,000 49.72
5 6 058180 Anthem, Inc. United States 105,726,000 11.61
6 5 070936 Kaiser Foundation Group of Health Plans 2 United States 102,933,365 5.85
7 3 085085 AXA S.A. France 101,308,605 -8.68
8 7 085014 Allianz SE Germany 93,645,846 -1.47
9 8 085320 People's Ins Co (Group) of China Ltd China 79,573,492 -0.14
10 9 085124 Assicurazioni Generali S.p.A. Italy 79,193,720 -2.74
11 12 058052 Humana Inc. 1 United States 74,186,000 17.85
12 11 020013 State Farm Group 2 United States 71,116,271 0.19
13 13 058334 Berkshire Hathaway Inc. United States 64,901,000 3.33
14 14 086577 Munich Reinsurance Company Germany 64,294,456 7.24
15 16 070080 CVS Health Corp Group United States 56,701,017 8.99
16 17 085485 Life Insurance Corporation of India India 55,008,395 6.27
17 18 090598 China Pacific Insurance (Group) Co Ltd China 51,701,496 3.74
18 15 090826 Nippon Life Insurance Company Japan 46,283,351 -9.22
19 25 069154 Health Care Service Corporation Group United States 44,910,745 12.13
20 21 090906 National Mut Ins Fed Agricultural Coop Japan 44,140,813 5.95
21 29 085068 HDI V.a.G. Germany 43,481,675 3.87
22 19 046417 Dai-ichi Life Holdings, Inc. Japan 42,927,009 -3.17
23 22 058175 MetLife, Inc. United States 42,034,000 -0.48
24 26 051114 Liberty Mutual Holding Company Inc. United States 40,624,000 2.03
25 30 058454 Progressive Corporation United States 40,568,700 7.96

* Percent change is based upon local currency.

1 Premiums shown are earned premiums.

2 AM Best consolidation; U.S. companies only.

Source: BestLink logo Best’s Financial Suite - Global; data as of Dec. 13, 2021.



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