Top 50 global insurers by market capitalization at the end of March 2023

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In billion USD

RankCompanyCountryClass of businessMarket capitalization *
1UnitedHealthUnited StatesLife and health461
2AIAHong KongLife and non-life123.97
3Ping An InsuranceChinaLife and non-life123.21
4China Life InsuranceChinaLife and health116.22
5Elevance HealthUnited StatesLife and health113.14
6AllianzGermanyLife and non-life94.05
7ProgressiveUnited StatesLife and non-life84.93
8ChubbSwitzerlandNon-life81.32
9CignaUnited StatesLife and health77.82
10AXAFranceLife and non-life70.64
11Zurich Insurance GroupSwitzerlandLife and non-life70.5
12HumanaUnited StatesLife and non-life63.81
13MetLifeUnited StatesLife44.88
14Life Insurance Corporation of India (LIC)IndiaLife42.44
15The Travelers CompaniesUnited StatesNon-life39.98
16Tokio MarineJapanLife and non-life39.9
17PrudentialUnited KingdomLife and non-life38.02
18American International GroupUnited StatesLife and non-life36.99
19CenteneUnited StatesLife and health35.61
20Manulife FinancialCanadaLife34.5
21China Pacific InsuranceChinaLife and non-life34.25
22GeneraliItalyLife and non-life30.85
23The People's Insurance Company (PICC)ChinaLife and non-life30.77
24Prudential FinancialUnited StatesLife and non-life30.36
25AllstateUnited StatesLife and non-life30.08
26Sun Life FinancialCanadaLife27.77
27Arch CapitalBermudaLife and non-life25.55
28SampoFinlandLife and non-life24.44
29The HartfordUnited StatesNon-life21.95
30Cathay Financial HoldingTaiwanLife and non-life20.25
31Dai-ichi Life HoldingsJapanLife19.5
32Swiss LifeSwitzerlandLife18.3
33PrincipalUnited StatesLife and health18.06
34Cincinnati FinancialUnited StatesLife and non-life17.67
35MarkelUnited StatesLife and non-life17.18
36MS&ADJapanNon-life17.11
37W. R. BerkleyUnited StatesLife and non-life16.55
38QBE InsuranceAustraliaLife and non-life15.29
39AvivaUnited KingdomLife and non-life14.09
40TrygDenmarkNon-life13.85
41Sompo HoldingsJapanLife and non-life13.7
42SBI Life InsuranceIndiaLife13.61
43HDFC LifeIndiaLife 13.35
44Erie IndemnityUnited StatesNon-life12.16
45New China Life InsuranceChinaLife and health12.07
46TalanxGermanyLife and non-life11.87
47SuncorpAustraliaLife and non-life10.68
48CNA FinancialUnited StatesLife and non-life10.56
49Globe LifeUnited StatesLife10.56
50American Financial GroupUnited StatesLife and non-life10.41

* Market capitalization as at 04/04/2023
Source: CompaniesMarketCap.com

Read also | Forbes 2022: Top 20 largest insurance companies in the world

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