The value of gross premiums generated by the global insurance industry amounted to more than $5 trillion. The United States is the leading country on the insurance market in terms of value of life and non-life direct premiums written, with premiums estimated at $2.8 trillion.
UnitedHealth was to be the largest insurer globally as of February 2023, with market capitalization amounting to approximately $480 bn. When ranking global insurers by their total assets, the Chinese insurance company Ping An Insurance placed first, with assets worth approximately $1.25 trillion. Ping An Insurance was also the company with the strongest brand value among insurance companies in 2023.
TOP 50 Re/Insurers & Brokers Worldwide in 2022 by market capitalization, $ bn
| № | Company | Country | Value, $ bn |
|---|---|---|---|
| 1 | UnitedHealth | United States | 480.4 |
| 2 | Elevance Health | United States | 108.9 |
| 3 | AIA | Hong Kong | 103.5 |
| 4 | Ping An Insurance | China | 103.3 |
| 5 | China Life Insurance | China | 102.5 |
| 6 | Cigna | United States | 84.7 |
| 7 | Marsh & McLennan Companies | United States | 75.5 |
| 8 | Chubb | Switzerland | 75.3 |
| 9 | Progressive | United States | 71.1 |
| 10 | Allianz | Germany | 66.1 |
| 11 | Humana | United States | 61.6 |
| 12 | Zurich Insurance Group | Switzerland | 60.4 |
| 13 | Aon | United Kingdom | 57.7 |
| 14 | AXA | France | 52.9 |
| 15 | MetLife | United States | 49.3 |
| 16 | Life Insurance Corporation of India (LIC) | India | 48.9 |
| 17 | Centene | Norway | 44.9 |
| 18 | American International Group | United States | 37.8 |
| 19 | The Travelers Companies | United States | 36.8 |
| 20 | Arthur J. Gallagher & Co. | United States | 36.1 |
| 21 | Tokio Marine | United States | 35.7 |
| 22 | Munich Re | Germany | 33.5 |
| 23 | Prudential Financial | United States | 32.9 |
| 24 | Manulife Financial | Canada | 30.2 |
| 25 | Prudential | United Kingdom | 28.9 |
| 26 | People's Insurance Company of China | China | 27.3 |
| 27 | Intact Financial | Canada | 25.4 |
| 28 | Sun Life Financial | Canada | 24.0 |
| 29 | Sampo | United States | 22.3 |
| 30 | Generali | Italy | 22.2 |
| 31 | Willis Towers Watson | United Kingdom | 22.0 |
| 32 | Swiss Re | Switzerland | 21.9 |
| 33 | The Hartford | United States | 20.0 |
| 34 | Molina Healthcare | United States | 19.0 |
| 35 | Principal | United States | 18.0 |
| 36 | Hannover R?ck | Germany | 17.9 |
| 37 | Cathay Financial Holding | Taiwan | 17.1 |
| 38 | W. R. Berkley | United States | 16.9 |
| 39 | Dai-ichi Life Holdings | Japan | 16.7 |
| 40 | Arch Capital | Bermuda | 15.9 |
| 41 | SBI Life Insurance | India | 15.5 |
| 42 | Markel | United States | 14.8 |
| 43 | MS&AD Insurance | Japan | 14.8 |
| 44 | Cincinnati Financial | United States | 14.6 |
| 45 | HDFC Life | India | 13.8 |
| 46 | Sompo Holdings | Japan | 13.6 |
| 47 | Swiss Life | Switzerland | 13.6 |
| 48 | Tryg | Denmark | 13.2 |
| 49 | Corebridge Financial | United States | 13.0 |
| 50 | Aviva | United Kingdom | 12.6 |
Source: Statista
