Below you can find the list of 10 largest insurance companies in the world. For a detailed coverage of this topic and a more comprehensive list, please see this article.
10. Nippon Life
Total market cap of the company (in billions of dollars): N/A
Total revenue of the company in 2019(in billions of dollars): 74
Total assets of the company (in billions of dollars): 741
Total operating income of the company in 2019 (in billions of dollars): 1.7
Japan’s second biggest insurance company is 131 years old and has over 70,000 employees.
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9. Prudential Plc (NYSE:PUK)
Total market cap of the company (in billions of dollars): 37
Total revenue of the company in 2019(in billions of dollars): 95
Total assets of the company (in billions of dollars): 440
Total operating income of the company in 2019 (in billions of dollars): 0.8
Prudential plc is the biggest British insurance company and one of the largest in Europe, with around 24,000. It was founded 172 years ago in 1848 and is headquartered in London.
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8. Prudential Financial (NYSE:PRU)
Total market cap of the company (in billions of dollars): 32
Total revenue of the company in 2019(in billions of dollars): 65
Total assets of the company (in billions of dollars): 897
Total operating income of the company in 2019 (in billions of dollars): 4.1
There are two separate top insurance companies named Prudential, and this one has around 51,000 employees and has a presence in 40 other countries in addition to the US.
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7. China Life Insurance
Total market cap of the company (in billions of dollars): 60
Total revenue of the company in 2019(in billions of dollars): 104
Total assets of the company (in billions of dollars): 536
Total operating income of the company in 2019 (in billions of dollars): 8.5
This state owned company is the biggest life insurer in China, and has nearly 100,000 employees.
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6. MetLife (NYSE:MET)
Total market cap of the company (in billions of dollars): 44
Total revenue of the company in 2019(in billions of dollars): 69
Total assets of the company (in billions of dollars): 746
Total operating income of the company in 2019 (in billions of dollars): 5.9
The biggest insurance company in the US is only able to earn 6th place in our list of the largest insurance companies in the world. It has 90 million customers in around 60 countries and is among the top 50 companies in the US in terms of revenue alone, regardless of industry.
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5. Axa
Total market cap of the company (in billions of dollars): 42
Total revenue of the company in 2019(in billions of dollars): 150
Total assets of the company (in billions of dollars): 851
Total operating income of the company in 2019 (in billions of dollars): 4
The biggest insurance company in France and second biggest in Europe, Axa is 204 years old and has operations in the Middle East, India Pacific Region, North America and of course, in Western Europe.
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4. Japan Post Insurance
Total market cap of the company (in billions of dollars): 33
Total revenue of the company in 2019(in billions of dollars): 112
Total assets of the company (in billions of dollars): 2,700
Total operating income of the company in 2019 (in billions of dollars): 4.7
Part of the Japan Post Holdings group, Japan Post Insurance is a life insurance company and has the highest asset value of any insurance company in the world. It has one of the fewest employees in this list with 5,400.
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3. Allianz
Total market cap of the company (in billions of dollars): 77
Total revenue of the company in 2019(in billions of dollars): 122
Total assets of the company (in billions of dollars): 1,200
Total operating income of the company in 2019 (in billions of dollars): 8.9
Allianz is Europe’s biggest insurance company, headquartered in Munich, Germany. The company is 130 years old and has nearly 150,000 employees.
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2. Berkshire Hathaway (NYSE:BRK.A)
Total market cap of the company (in billions of dollars): 542
Total revenue of the company in 2019(in billions of dollars): 255
Total assets of the company (in billions of dollars): 818
Total operating income of the company in 2019 (in billions of dollars): 81.4
Berkshire Hathaway is famous for being run by a person who has ranked among the top 20 richest people in the world for a long time, Warren Buffet. It is one of the biggest financial services companies in the world as well.
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1. Ping An Insurance
Total market cap of the company (in billions of dollars): 187
Total revenue of the company in 2019(in billions of dollars): 155
Total assets of the company (in billions of dollars): 1,200
Total operating income of the company in 2019 (in billions of dollars): 18.8
Topping the list of the 5 largest insurance companies in the world is Ping An Insurance, which has $1.2 trillion in assets! This Chinese company has been regularly selected as the world’s top insurance brand for the past few years and is among the most valuable financial brands globally as well.
See also: 7 insurance companies with conservative values and 11 biggest insurance companies in the US
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