World’s Largest Insurance Companies - 2021 Edition Based on 2019 net non-banking assets. Best’s Rankings 2019 2018 2019 Net Asset Asset Non-Banking Assets % Rank Rank AMB# Company Name Country of Domicile US$ (000) Change*
1 2 085014 Allianz SE Germany 1,096,870,880 12.75
2 3 058182 Prudential Financial, Inc. United States 896,552,000 10.00
3 1 085085 AXA S.A. France 843,323,040 -14.78
4 5 058334 Berkshire Hathaway Inc. United States 817,729,000 15.53
5 4 090826 Nippon Life Insurance Company Japan 742,784,884 1.61
6 6 058175 MetLife, Inc. United States 740,463,000 7.70
7 9 086120 Legal & General Group Plc United Kingdom 735,409,869 13.82
8 10 086446 Ping An Ins (Group) Co of China Ltd China 708,648,924 16.08
9 7 090527 Japan Post Insurance Co., Ltd. Japan 664,719,463 -3.03
10 12 052446 China Life Insurance (Group) Company China 646,493,671 13.36
11 13 066866 Manulife Financial Corporation Canada 619,267,646 7.85
12 14 085909 Aviva plc United Kingdom 603,489,008 7.11
13 11 085124 Assicurazioni Generali S.p.A. Italy 576,322,880 -0.24
14 16 046417 Dai-ichi Life Holdings, Inc. Japan 556,635,296 7.28
15 15 090906 National Mut Ins Fed Agricultural Coop Japan 535,522,083 -1.60
16 17 058702 American International Group, Inc. United States 525,064,000 6.72
17 19 085244 Aegon N.V. Netherlands 494,057,760 12.24
18 18 086056 CNP Assurances France 493,210,256 5.98
19 21 093310 Credit Agricole Assurances France 476,487,200 11.22
20 8 085925 Prudential plc United Kingdom 454,214,000 -29.88
21 20 085485 Life Insurance Corporation of India India 426,706,202 3.07
22 22 086976 Zurich Insurance Group Ltd Switzerland 404,688,000 2.36
23 23 090828 Meiji Yasuda Life Insurance Company Japan 395,260,931 1.17
24 25 061691 New York Life Insurance Company United States 371,648,000 9.58
25 24 091242 Sumitomo Life Insurance Company Japan 358,420,471 2.20
* Percent change is based upon local currency. Source:
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