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Forbes 2022: Top 20 largest insurance companies in the world

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Magazine Issue: 
Insurers up against the challenges of marine transport [3]
Magazine date: 
Jun 2023
The 2022 edition of "Forbes Global 2000" highlights insurance companies' decline in the annual ranking of the world's top companies.

forbes-2000Ping An Insurance Group, the leading insurer, dropped eleven places in 2021 to the 17th position. UnitedHealth Group, the second largest insurer on the list, fell one spot to 22nd.

Allianz, the third largest insurance company, ranked 35th largest in the world.

Reinsurer Munich Re was listed 156th in the Forbes 2022 report. Berkshire Hathaway, a well-known insurance company, was listed as the world's top company.

* Munich Re (reinsurer) and Berkshire (ranked in the "investment and services" category) do not ap-pear in the ranking of insurers.

Read also | World's largest reinsurers in 2021 [4]

Ranking of the 20 largest insurance companies according to Forbes

In billions USD

RankingCompanyGlobal rankingCountryClass of businessTurnoverProfitsAssetsMarket value
1Ping An Insurance Group17ChinaLife and non-life181.3715.741 587.11121.69
2UnitedHealth Group22United StatesLife and health297.5517.45221.24490.15
3Allianz35GermanyLife and non-life138.627.811 324.6296.42
4AXA Group48FranceLife and non-life145.198.39839.8565.75
5China Life Insurance71ChinaLife and health130.57.87769.8843.02
6AIA Group73Hong KongLife and health45.167.43334.88120.19
7MetLife74United StatesLife and non-life71.086.55759.7157.39
8Zurich Insurance Group80SwitzerlandLife and non-life69.585.21410.1569.22
9Cigna84United StatesLife and health174.275.37151.0281.21
10American International Group90United StatesLife and non-life52.069.39521.8348.73
11Chubb95SwitzerlandNon life40.958.54181.7587.31
12Manulife131CanadaLife and health47.175.67691.1839.76
13Munich Re156GermanyLife and non-life84.883.47358.9735.48
14Generali Group160ItalyLife and non-life102.133.37664.5231.36
15Tokio Marine Holdings178JapanLife and non-life50.573.85234.9135.19
16ING Group183NetherlandsLife and non-life21.495.651 081.8139.03
17Allstate203United StatesLife and non-life50.595.6990.6636.45
18China Pacific Insurance208ChinaLife and non-life68.074.16300.5222.69
19Dai-ichi Life Insurance213JapanLife66.734.47571.4519.9
20Travelers220United StatesNon life35.313.92108.5941.54
Tue, 28/06/2022 - 14:29

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