Magazine date:
Dec 2023 Figures in billions USD
| Rank | Company | Country | Classes of business | Non-life turnover | 2022 profitability | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | Evolution | 2022 shares | Shareholders’ equity | Net result | ROE | ||||
| 1 | Canada Life Re | Canada | Life | 25.618 | 24.394 | 5.02% | 21.42% | 23.858 | 2.472 | 10.36% |
| 2 | Swiss Re | Switzerland | L&NL | 15.986 | 16.119 | -0.83% | 13.37% | 12.699 | 0.472 | 3.72% |
| 3 | Munich Re | Germany | L&NL | 14.599 | 14.224 | 2.64% | 12.21% | 22.633 | 3.65 | 16.13% |
| 4 | Reinsurance Group of America | United States | Life | 13.848 | 13.381 | 3.49% | 11.58% | 4.235 | 0.627 | 14.81% |
| 5 | SCOR | France | L&NL | 10.371 | 10.613 | -2.28% | 8.67% | 5.479 | -0.321 | -5.86% |
| 6 | Hannover Re | Germany | L&NL | 9.643 | 9.669 | -0.27% | 8.06% | 9.338 | 1.502 | 16.08% |
| 7 | China Re | China | L&NL | 9.585 | 10.885 | -11.94% | 8.02% | 13.669 | 0.22 | 1.61% |
| 8 | Berkshire Hathaway | United States | L&NL | 5.185 | 5.621 | -7.76% | 4.34% | 480.617 | 1.389 | 0.29% |
| 9 | Korean Re | South Korea | L&NL | 3.128 | 3.342 | -6.40% | 2.62% | 2.203 | 0.121 | 5.49% |
| 10 | Pacific Life Corp | United States | Life | 2.995 | 4.098 | -26.92% | 2.50% | 14.124 | 0.992 | 7.02% |
| Total of top 10 life reinsurers | 110.958 | 112.346 | -1.24% | 92.79% | 588.855 | 11.124 | 69.65% | |||
| Rest of the market* | 8.627 | 9.054 | -4.72% | 7.21% | 126.695 | 9.515 | 128.94% | |||
| Total World | 119.585 | 121.400 | -1.49% | 100% | 715.55 | 20,639 | 254.16% | |||
* 51 reinsurers
Source: Atlas Reinsurance Reports 2024
Read also | Largest global reinsurers per turnover [4]
