List of largest insurance companies explained

These are lists of the insurance companies in the world, as measured by total non-banking assets and by net premiums written.

By assets

The list is based on the 2023 report of the 25 largest insurance companies in the world by 2021 assets from AM Best.

Rank	Company	Country	Total assets (US$ Billion)
1	Allianz		1,247.2
2	Berkshire Hathaway		958.8
3	Prudential Financial		937.6
4	Ping An Insurance		937.0
5	China Life Insurance		900.5
6	Axa		846.3
7	Legal & General		786.1
8	MetLife		759.7
9	Nippon Life		725.0
10	Manulife Financial		718.1
11	Assicurazioni Generali		663.9
12	American International Group		596.1
13	Life Insurance Corporation		560.3
14	Japan Post Insurance		551.0
15	CNP Assurances		547.0
16	Dai-ichi Life		540.4
17	Aegon N.V.		531.0
18	Credit Agricole Assurances		502.7
19	Great-West Lifeco		493.4
20	Aviva		483.6
21	JA Kyosai		481.7
22	Zurich Insurance Group		435.8
23	New York Life Insurance Company		428.6
24	Meiji Yasuda Life		395.4
25	Lincoln Natl Corp		387.3

By net premiums written

The list is based on the 2023 report of the 25 largest insurance companies in the world by 2021 net premiums written from AM Best.^[1]

Rank	Company	Country	Net premiums written (US$ Billion)
1	UnitedHealth Group		226.2
2	Centene Corporation		120.3
3	Elevance Health		117.4
4	China Life Insurance		115.1
5	Ping An Insurance		114.7
6	Kaiser Permanente		106.4
7	Axa		95.7
8	Allianz		88.9
9	People's Insurance Company of China		84.5
10	Assicurazioni Generali		80.3
11	Humana		79.8
12	Berkshire Hathaway		71.6
13	State Farm		71.1
14	Munich Re		64.7
15	CVS Health		62.2
16	Life Insurance Corporation		56.6
17	China Pacific Insurance Company		53.7
18	Health Care Service Corporation		46.7
19	Progressive Corporation		46.4
20	The Allstate Corp		45.8
21	Zurich Ins Group Ltd		44.8
22	HDI		44.2
23	Liberty Mutual		43.7
24	Dai-ichi Life		43.4
25	Nippon Life		43.2

Notes and References

1. Web site: World's Largest Insurance Companies—2023 Edition .