Forbes 2024: Top 20 largest insurance companies in the world
The 2024 edition of the "Forbes Global 2000" highlights a remarkable increase in Berkshire Hathaway. Leading in the insurance category, the American conglomerate moved up 336 places in 2023 to claim the 2nd spot in the annual ranking of the world's largest companies. The reinsurer Munich Re gained 18 places, from 96th to 114th.
UnitedHealth Group, the second insurer on the list, slipped 4 places to settle at the 19th position. It is followed in third place by Ping An Insurance Group, which also fell 13 positions to 29th place.
Read also | World's largest reinsurers
Ranking of the 20 largest insurance companies according to Forbes
In billions USD
Rank | Company | Global ranking | Country | Class of business | Turnover | Profits | Assets | Market value |
---|---|---|---|---|---|---|---|---|
1 | Berkshire Hathaway | 2 | United States | Life and non-life | 368.96 | 73.42 | 1 070.04 | 899.14 |
2 | UnitedHealth Group | 19 | United States | Life and health | 379.49 | 15.36 | 284.21 | 482.86 |
3 | Ping An Insurance Group | 29 | China | Life and non-life | 136.07 | 11.78 | 1 654.80 | 105.50 |
4 | Allianz | 31 | Germany | Life and non-life | 148.18 | 9.74 | 1 056.84 | 113.85 |
5 | AXA Group | 51 | France | Life and non-life | 109.35 | 7.57 | 684.04 | 81.60 |
6 | Life Insurance Corp. of India | 70 | India | Life and health | 97.98 | 4.88 | 561.41 | 73.63 |
7 | Elevance Health | 81 | United States | Health | 171.75 | 6.24 | 111.89 | 127.30 |
8 | Intesa Sanpaolo Assicura | 84 | Italy | Life and non-life | 42.21 | 9.12 | 1 006.15 | 74.85 |
9 | Chubb | 86 | Switzerland | Non-life | 51.73 | 9.28 | 212.25 | 111.37 |
10 | Cigna | 95 | United States | Life and health | 204.15 | 3.62 | 148.45 | 96.22 |
11 | Munich Re | 96 | Germany | Life and non-life | 69.98 | 4.98 | 298.01 | 65.08 |
12 | Zurich Insurance Group | 98 | Switzerland | Life and non-life | 65.43 | 4.36 | 339.44 | 74.90 |
13 | China Life Insurance | 116 | China | Life and health | 51.64 | 6.61 | 818.09 | 47.10 |
14 | American International Group | 131 | United States | Life and non-life | 48.96 | 4.83 | 475.56 | 53.45 |
15 | Progressive | 137 | United States | Life and non-life | 65.02 | 5.79 | 88.92 | 122.54 |
16 | Generali Group | 141 | Italy | Life and non-life | 74.73 | 4.05 | 555.27 | 42.00 |
17 | Tokio Marine Holdings | 149 | Japan | Life and non-life | 47.95 | 4.43 | 212.31 | 61.76 |
18 | ING Group | 153 | Netherlands | Life and non-life | 24.50 | 7.89 | 1 112.27 | 55.85 |
19 | MetLife | 157 | United States | Life and non-life | 67.57 | 2.37 | 677.58 | 52.78 |
20 | AIA Group | 161 | Hong Kong | Life | 27.51 | 3.76 | 278.81 | 93.73 |
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Fri, 21/06/2024 - 16:35
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