Forbes 2024: Top 20 largest insurance companies in the world

forbes-2000The 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.

Ranking of the 20 largest insurance companies according to Forbes

In billions USD

RankCompanyGlobal rankingCountryClass of businessTurnoverProfitsAssetsMarket value
1Berkshire Hathaway2United StatesLife and non-life368.9673.421 070.04899.14
2UnitedHealth Group19United StatesLife and health379.4915.36284.21482.86
3Ping An Insurance Group29ChinaLife and non-life136.0711.781 654.80105.50
4Allianz31GermanyLife and non-life148.189.741 056.84113.85
5AXA Group51FranceLife and non-life109.357.57684.0481.60
6Life Insurance Corp. of India70IndiaLife and health97.984.88561.4173.63
7Elevance Health81United StatesHealth171.756.24111.89127.30
8Intesa Sanpaolo Assicura84ItalyLife and non-life42.219.121 006.1574.85
10Cigna95United StatesLife and health204.153.62148.4596.22
11Munich Re96GermanyLife and non-life69.984.98298.0165.08
12Zurich Insurance Group98SwitzerlandLife and non-life65.434.36339.4474.90
13China Life Insurance116ChinaLife and health51.646.61818.0947.10
14American International Group131United StatesLife and non-life48.964.83475.5653.45
15Progressive137United StatesLife and non-life65.025.7988.92122.54
16Generali Group141ItalyLife and non-life74.734.05555.2742.00
17Tokio Marine Holdings149JapanLife and non-life47.954.43212.3161.76
18ING Group153NetherlandsLife and non-life24.507.891 112.2755.85
19MetLife157United StatesLife and non-life67.572.37677.5852.78
20AIA Group161Hong KongLife27.513.76278.8193.73
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