Top 10 global insurance companies revealed

United Health Group has retained its position as the world’s largest insurance company, with French insurance giant AXA in second place, in insurance credit rating specialist AM Best’s annual league table.

The AM Best ranking is based on 2016 net premiums written, or NPWs in the industry jargon.

China Life, Anthem in the US and Germany’s Allianz complete the top five.

As for AM Best’s annual ranking by non-banking assets, AXA fell off the top perch this year, losing out to Metlife Inc.

It was a good showing for China’s insurers, which took three of the top ten slots in the latest ranking, paced by China Life (up 23%), Ping An Insurance Group (up 25%) and People’s Insurance Company (Group) of China (up 14%).

The top three gainers by 2016 assets were the UK’s Prudential (up 22%) and Legal & General Group (up 18%); and Life Insurance Corporation of India, up 17%.

The full top ten for both categories can be sen below.

The top 10 global insurers ranked by 2016 NPW are:

  1. UnitedHealth Group Incorporated, United States
  2. AXA S.A., France
  3. China Life Insurance (Group) Company, China
  4. Anthem, Inc., United States
  5. Allianz SE, Germany
  6. Kaiser Foundation Group of Health Plans, United States
  7. Assicurazioni Generali S.p.A., Italy
  8. State Farm Group, United States
  9. Ping An Insurance (Group) Company of China Ltd., China
  10. People’s Insurance Company (Group) of China Ltd.

The top 10 global insurers ranked by 2016 non-banking assets, according to AM Best, are:

    1. MetLife Inc., United States
    2. AXA S.A., France
    3. Allianz SE, Germany
    4. Prudential Financial Inc., United States
    5. Japan Post Insurance Co., Ltd., Japan
    6. Nippon Life Insurance Company, Japan
    7. Berkshire Hathaway Inc., United States
    8. Prudential plc, United Kingdom
    9. Legal & General Group plc, United Kingdom
    10. Assicurazioni Generali S.p.A., Italy

In its latest results, AM Best bestowed a vote of confidence on the world’s major global insurance firms,  thanks to their pricing, underwriting and resilience in recent years.

ABOUT THE AUTHOR
Eugene Costello
Eugene Costello has been a journalist for some 20 years, and has written for a wide variety of UK and international newspapers and magazines.

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