Top 20 Insurance Companies In The World

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Top 20 Insurance Companies In The World – Three Japanese insurance companies dropped out of the list of the world’s top 25 insurance companies by net premium written (NPV) in 2018, while UnitedHealth Group Incorporated and AXA took the top spot.

With an NPV of more than $178 billion, the largest insurance company in the world in 2018 remained United Health Group Incorporated, which experienced premium growth of more than 12% year over year.

Top 20 Insurance Companies In The World

Top 20 Insurance Companies In The World

As in 2017, French insurance company AXA is in second place with an NPV of more than $103 billion in 2018, an increase of 3.22% over the amount registered in 2017. China’s Ping An Insurance rose, with a growth of nearly 20% in 2018. The list ranks third, with NPV $101.8 billion.

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Due to the slight decline of China Life Insurance Co. in NPW, the company dropped to fourth on the list, while NPW growth of more than 10% saw Kaiser Foundation Group of Health Plans jump two spots to fifth in 2018, while Allianz dropped to seventh with NPW . of $83.2 billion, which is actually still an increase from the previous year.

Interestingly, the three companies that will disappear from the list in 2018 are all Japanese companies, including Tokyo Marine, MS&AD and Japan Post. These have been replaced by Liberty Mutual, MetLife and Healthcare Services Corporation on NPW’s list of the world’s top insurance companies.

Among new entrants, MetLife ranked 21st with an NPV of $43.84 billion in 2018, while Liberty Mutual ranked 24th with an NPV of $39.1 billion and Health Care Services Corp ranked 25th with an NPV of $38 billion in 2018. .

In the NPW ranking, the U.S. Resident health insurers recorded the largest moves in 2018, highlighted by Centene, which jumped six places on the list to 12th, with an NPV increase of nearly 25% to $57.3 billion.

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The biggest drop in premiums for the year was seen at Prudential, which saw its NPV fall nearly 21% to $42.2 billion as the company dropped from 13th on the list to 22nd.

Reinsurance giant Munich Re, with $53.5 billion NPV in 2018, dropped from 12th on the 2017 list to 15th in 2018, a year-over-year decline of 1.77%. Despite a nearly 5% drop in NPV to $59.2 billion, Warren Buffett’s Berkshire Hathaway once again ranks 11th on the list of the world’s largest insurance companies ranked by NPV.

Sorted by non-bank assets at the end of 2018, the list is slightly different and AXA led the way with total non-bank assets exceeding $1 trillion, up 6.71% from 2017. AXA replaced Allianz at the top of the list. , the German insurance company recorded an increase of more than 1% in 2018 to $994.4 billion in total non-bank assets.

Top 20 Insurance Companies In The World

Prudential Financial took third place for the second year in a row, even though assets fell more than 2% to $815 billion. The top five is rounded out by Japan’s Nippon Life Insurance Co. in third, which moved up from seventh in 2017, and Berkshire Hathaway, which moved up from sixth to fifth year-over-year.

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It is based on research data from the world’s largest insurance rating agency, A.M. The best The world’s largest insurance groups appearing on these lists are ranked by net premiums written and net non-bank assets in 2018.

Getting your daily reinsurance news from Reinsurance News is an easy way to get only the most important reinsurance industry news delivered straight to your email inbox. Based on the world’s top 20 largest insurance companies – annual report 2020, there are top 20. The largest insurance companies in the world. Sure, they are big corporations with billions of dollars in assets and tons of profits. We probably all know about these companies and their history from time to time. Insurance companies are companies that provide risk coverage services that indemnify third parties for any loss, damage, loss, lost profit, or legal liability resulting from an uncertain event. All third parties can rely on insurance companies with unforeseen future risks.

In our unpredictable life, individuals or companies can reduce various risks such as traffic accidents, diseases, natural disasters and others. This risk can disrupt our operations and operations and harm our internal finances. With the role of the insurance company, these potentially large losses can be reduced or minimized so that it can save our budget. But in our world there are millions of insurance companies with different and diverse products. They sell these products to people all over the world to help people’s lives. Of all the insurance companies around the world, there are only a few of the largest. These indicators are measured by the profit/net income generated by the companies. These are the 20 largest insurance companies in the world based on annual reports published in 2020.

As additional data, we also published the financial situation of each company. These figures describe the position of assets and liabilities of a company’s balance sheet in 2020. Here is the status of insurance company assets in 2020.

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Historically, this company was founded in 1988 by Mingzhe Ma. Currently, this company is headquartered in Shenzhen, China. In 2020, the turnover of the Chinese company is 1,321 billion RMB or 211 billion US dollars, while the net profit or profit made in the meantime has reached 159 billion RMB or 25 billion US dollars. Overall, it is the largest among insurance companies by net income and profit.

Allianz SE is one of the largest insurance companies in 2020. Historically, it was founded on February 5, 1890 by Carl von Thieme. Geographically, the headquarters of this company is located in Munich, Germany in 2020, the company’s turnover in Germany is 119 billion euros or equivalent to 138 billion dollars, while the net income or earned profit has reached seven billion euros or equivalent to 8.2. billion dollars.

China Life Insurance is another major insurance company in China. Historically, China Life Insurance was founded in 1949 and is still headquartered in Beijing, China. Financially, based on the 2020 annual report, the company’s revenue has reached 804 billion RMB or the equivalent of 128 billion US dollars, while the profit is about 51 billion RMB or the equivalent of 8.2 billion US dollars.

Top 20 Insurance Companies In The World

MetLife Inc. is the oldest and largest insurance company in the world. Historically, the company was incorporated on March 24, 1868. Geographically, the company’s headquarters are located in the MetLife Building, New York City, USA. In 2020, according to the annual report, revenues were $67 billion and profits were approximately $5.4 billion.

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Manulife is Canada’s largest with billions of consumers and revenues. The company was founded on June 23, 1887 and is still headquartered in Toronto, Ontario, Canada. In 2020, according to the annual report in 2020, the revenue is about 78 billion Canadian dollars or equivalent to 63 billion dollars, while the profit reaches 5 billion Canadian dollars or equivalent to 4.4 billion dollars.

Aviva plc is a British multinational insurance company headquartered in London; England was founded in 2020. In 2020, Aviva Plc is performing positively with revenues of 29 billion pounds sterling or 39 billion pounds sterling while profits reach 2 billion pounds sterling or 3.9 billion US dollars.

Zurich Insurance Group Ltd is a Swiss insurance company headquartered in Zurich. Historically, this company was founded in 1872 and is still headquartered in Zurich, Switzerland. Zurich Insurance is a Swiss-based company with positive operating results in 2020. Based on its 2020 annual report, the company has revenues of $59 billion and profits of approximately $3.8 billion.

Axa is a France-based company founded in 1816 by founder Claude Baber. This company has come a long way in the financial industry, especially in the insurance industry. In 2020, financially, based on the published annual report, the company achieved a turnover of 96 billion euros and a turnover of 3 billion euros or 3.6 billion dollars, which corresponds to 112 billion dollars.

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Dai-ichi Life Insurance Company Limited or Dai-ichi Seimei Hoken Kabushiki-Kaisha (Japanese language) is the largest insurance company in Japan. It was founded on September 15, 1902 by Tsuneta Yano. In 2020, the company’s revenue will be 7,827 billion yen or $70 billion and the company’s profit will be 363 billion yen or $3.2 billion.

Assicurazioni Generali S.p.A. Or simply known as Generali Group, is based in Trieste, Italy. It was founded in 1831. With the development of the company’s business, the company’s income reached 85 billion euros or 98 billion US dollars in 2020, and the company’s profit reached 2 billion euros or 3.1. billion dollars.

Prudential Financial or formerly known as “Friendly Assurance Company” was founded in New Jersey in 1875.

Top 20 Insurance Companies In The World

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