TOP 20 Largest Insurance Companies

The 2023 edition of “Forbes Global 2000” highlights largest insurance companies’ decline in the annual ranking of the world’s top companies.

Forbes Global 2000 ranks the largest companies in the world using four metrics: sales, profits, assets, and market value. Market turbulence has pushed down the minimum market value to be considered for the 2023 list to $7.9 billion compared to $7.6 billion in 2022, but the minimum for all other metrics is up over last year.

As a group, the companies on the 2023 Global 2000 account for $47.6 trillion in revenues, $5 trillion in profits, $233.7 trillion in assets and $76.5 trillion in market cap. There are 58 countries represented on the 2023 list. The United States has the most with 590 companies, followed by China/Hong Kong (351) and Japan (196).

TOP 20 Global Insurance Companies in Forbes*

№	Company	Turnover, $ bn	Profits, $ bn	Assets, $ bn	Market value, $ bn
1	Ping An Insurance Group	181,37	15,74	1 587,11	121,69
2	UnitedHealth Group	297,55	17,45	221,24	490,15
3	Allianz	138,62	7,81	1 324,62	96,42
4	AXA Group	145,19	8,39	839,85	65,75
5	China Life Insurance	130,5	7,87	769,88	43,02
6	AIA Group	45,16	7,43	334,88	120,19
7	MetLife	71,08	6,55	759,71	57,39
8	Zurich Insurance Group	69,58	5,21	410,15	69,22
9	Cigna	174,27	5,37	151,02	81,21
10	American International Group	52,06	9,39	521,83	48,73
11	Chubb	40,95	8,54	181,75	87,31
12	Manulife	47,17	5,67	691,18	39,76
13	Munich Re	84,88	3,47	358,97	35,48
14	Generali Group	102,13	3,37	664,52	31,36
15	Tokio Marine Holdings	50,57	3,85	234,91	35,19
16	ING Group	21,49	5,65	1 081,81	39,03
17	Allstate	50,59	5,69	90,66	36,45
18	China Pacific Insurance	68,07	4,16	300,52	22,69
19	Dai-ichi Life Insurance	66,73	4,47	571,45	19,9
20	Travelers	35,31	3,92	108,59	41,54