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