World’s largest insurance companies ranked by net premiums, assets January 7, 2016 by IFAwebnewsstaff . 1 However, the industry is approaching a critical crossroads. Life insurance - additional information MetLife/Brighthouse Financial, Northwestern Mutual, New York Life, and Prudential are the four largest life insurance companies in the United States, all … Following are the 10 largest insurance companies in the U.S. ranked by total assets. Largest Listed Insurance Companies by Assets 2017 Metlife is the largest insurer in the U.S. based on assets and direct premiums written. It is the largest mutual life-insurance company in the United State. Accessed December 28, 2020. https://www.statista.com/statistics/194489/life-insurance-companies-in-the-us-with-most-assets/. In 2019, Prudential Financial was the largest life insurance company in the U.S., with assets amounting to approximately 638 billion U.S. dollars. Tata AIA Life Insurance Company is a joint venture between Tata Sons Private Limited, one of the largest business groups and AIA Group Limited, Asia’s largest insurance group. Sovereign Wealth Fund Institute® and SWFI® are registered trademarks of the Sovereign Wealth Fund Institute. New, Everything you need to know about the industry development, Find studies from all around the internet. Life Insurance companies that have a net worth of 500,000,000 only have maybe 10% of that liquid, ... it is the largest asset by face amount but it’s the “forgotten asset”. Please authenticate by going to "My account" → "Administration". $59 per month* December 8, 2020. Additionally, we may have updated information that is not yet reflected in this table. There was an error. No affiliation or endorsement, express or implied, is provided by their use. Please do not hesitate to contact me. American Council of Life Insurers. Property/casualty (P/C) companies continued to account for the second largest portion of assets at 29.7% of total cash and invested assets, which was also relatively consistent with year-end 2015. World’s Largest Insurance Companies Based on 2018 net non-banking assets. You can list by annual revenue, total assets, number of employees, etc. Figures have been rounded. 35 Largest Life & Health Insurance Companies by Market Cap 2017 Posted January 6, 2017 quantofasia Like banks, if not more than banks, insurance companies benefit from economies of scale and diversification that comes from pooling diverse risks. Answered on November 3, 2013 © 2008-2020 Sovereign Wealth Fund Institute. With over 86 million customers in 70 countries, it is a global leader in property and casualty insurance, life and health insurance, travel insurance, credit insurance, corporate insurance and asset management. It was also one of the leading insurance brands globally. You only have access to basic statistics. The criteria include; by largest writers of premiums, and rank by total assets. facts. The following is a list of the world's largest publicly traded financial services companies, ordered by annual sales for the latest Fiscal Year that ended March 31, 2018 or prior (Currently all public companies with sales of $20 billion or more are included, while privately held companies are not included). Dollars) . American Council of Life Insurers. An analysis of the largest publicly held insurers (including life and P&C and excluding reinsurance only)-- shows that there is a large discrepancy between the largest insurers in terms of price to tangible assets, but less of a discrepancy in price to tangible book value, as shown in the following chart (companies listed from lowest to highest price/tangible assets): Then you will be able to mark statistics as favourites and use personal statistics alerts. Allianz proved to be the largest insurer worldwide in 2019, with total assets worth approximately 815 billion U.S. dollars. If they get into trouble another life insurance company will take over the assets and liabilities of the troubled company. All material subject to strictly enforced copyright laws. If you would like to produce the full rankings page, please reach out to the Research Team. The European life insurance industry is a cornerstone of the European savings and retirement ecosystem, with €6 trillion in assets as of 2016. The company offers a wide array of insurance products and services including life and health insurance, accident insurance, auto insurance, home insurance as well as annuities and retirement and savings products. Life Insurance Companies never fail. Statista. Largest life insurance companies globally 2020, by market capitalization, Number of life insurance companies in the U.S. 1950-2018, Leading premium writing countries globally 2019, by premiums, Number of mutual life insurance companies in the U.S. 1950-2018. Founded in 1890, it offers property and casualty insurance, life insurance, and asset management services. Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook UnitedHealth Group Incorporated took the top spot in A.M. Best’s ranking of the world’s 25 largest insurance companies, as measured … If you are a journalist writing a story, an academic writing a research paper or a manager writing a report, we request that you reach out to us for permission to republish this data. Errors are noted below: Thanks for reaching out. In, American Council of Life Insurers. MetLife is not the world's largest life Insurer. Top 10 Life Insurance Companies by Premiums Allianz Group, based in Germany, is the world’s largest insurance company in terms of assets. Please log in to access our additional functions, *Duration: 12 months, billed annually, single license, The ideal entry-level account for individual users. 1- Allianz, $1,060.2 billion. I believe you will find the largest in most categories is Metropolitan Life Insurance Co. better known as … It is one of the largest life insurers in the world. This feature is limited to our corporate solutions. Largest life insurance companies in the United States in 2019, by assets (in billion U.S. dollars) [Graph]. and over 1 Mio. Shopping for life insurance? attorney leads with email and phone numbers, Northwestern Mutual Life Insurance Company, Massachusetts Mutual Life Insurance Company, State Farm Mutual Automobile Insurance Company, Royal London Mutual Insurance Society Limited, California State Compensation Insurance Fund, State Life Insurance Corporation of Pakistan. Chart. Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. It is the tenth largest life insurer in the U.S. in terms of assets. Earlier posts listed 35 large life and health insurers by market cap, and explained how a large percentage of Asian insurers’ assets and profits come from selling expensive cash-value life insurance policies like whole life, especially in Hong Kong. The list is ordered by market share, calculated … Tata AIA Life Insurance Company’s asset under management in 2019 is INR 28,430 crores. The largest life insurer in the world (again by assets) is the Japan Post Insurance Company. Manulife Financial is Canada's largest insurance company as measured by revenue, generating $61.4 billion in 2019. American Council of Life Insurers. (2020). Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: The source adds the following information: "Group totals represent a collection of life insurers based on organizational structure." Northwestern Mutual, New York Life and MassMutual top the list of the 20 largest life insurance companies in the U.S. See which other insurers made the cut. Directly accessible data for 170 industries from 50 countries The top 25 largest insurance companies in the world, by net premiums written (NPW) and non-banking assets, have been revealed by global rating agency A.M. Best. It has … New, Figures and insights about the advertising and media world, Industry Outlook It employs about 8,000 people and offers life and health insurance, general insurance, asset management and pension services. 17 Issue 38, p114 . SWFI is a minority-owned organization. Please contact us to get started with full access to dossiers, forecasts, studies and international data. In ranking 89 on the 2013 Fortune 500 list of Insurance company with about $381 billion in total assets and more than $19 billion in AVR and surplus In 2007. None. Please create an employee account to be able to mark statistics as favorites. Update, Insights into the world's most important technology markets, Advertising & Media Outlook Are you interested in testing our corporate solutions? The five biggest life insurance companies, based on direct premiums written, are Northwestern Mutual, New York Life, MetLife, Lincoln Financial, and Prudential. Corporate solution including all features. (December 8, 2020). We will be in touch soon. Reply. SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. Other ways include; total written premium, market capitalization, term sales, universal life sales, whole life sales and annuity […] Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. Learn more about how Statista can support your business. Largest Indiana-based life/health insurance companies. Headquartered in London, Legal & General Group is the largest British insurer with total assets of £561 billion. Profit from additional features by authenticating your Admin account. Here is a list of the largest insurance companies in the United Kingdom in terms of total assets. Largest Indiana Life/Health Insurance Companies. The largest life insurance company in the United States (by assets) is presently the Metropolitan Life Insurance Company (aka MetLife). You have plenty of choices. Sure, you can go online and read life insurance reviews, and you don’t have to choose one of the top 10 best life insurance companies as your carrier. Lists the largest life/health insurance companies in Indiana ranked by 1995 life/health insurance assets. ", American Council of Life Insurers, Largest life insurance companies in the United States in 2019, by assets (in billion U.S. dollars) Statista, https://www.statista.com/statistics/194489/life-insurance-companies-in-the-us-with-most-assets/ (last visited December 28, 2020), Largest life insurance companies in the United States in 2019, by assets, Market share of leading life and non-life direct premium writing countries 2019, Leading global life and health insurance (mutual) companies 2019, by revenue, Share of adults who owned life insurance in the U.S. 2011-2020, Number of U.S. life insurance companies 2011-2018, by organizational structure, Number of stock life insurance companies in the U.S. 1950-2018, U.S. life insurance purchases value 2018, by state, Number of employees in the life insurance sector in the U.S. 1960-2018, Leading life insurance companies in the U.S. 2019, by assets, Value individual life insurance policies in force Japan FY 2012-2018, Annualized premium of individual life insurance policies in force Japan FY 2009-2018, Life insurance premium income China 2012-2019, Life insurance premium income China 2019, by region, Value of life insurance in force South Korea FY 2012-2017, Life insurance premium per capita in South Korea 2008-2017, Value of total life insurance premiums in India FY 2002-2019, Life insurance premiums written in India FY 2017-2019, Total direct premiums written by life insurance companies in Europe by country 2019, Life insurance premiums per capita in Europe 2019, by country, Life insurance market share in terms of gross premium in the United Kingdom 2005-2018, Life insurance market share in terms of gross premium in France 2006-2018, Life insurance penetration in Italy 2004-2018, Life insurance market share in terms of gross premium in Germany 2006-2018, Life insurance market share in terms of gross premium in Ireland 2006-2018, Life insurance sector market penetration rate in Spain 2005-2019, Distribution of life insurance premiums in Canada 2019, by type, Distribution of life insurance products in Canada 2006-2019, Long-term investments of life insurers in Canada in 2018, by type, Leading European life insurance companies ranked by total assets in 2014, United Kingdom: active life insurance companies with British headquarters 2013-2017, Meiji Yasuda's annual base profit FY 2016-2019, Irish life insurance market: companies ranked by total assets as of 2015, Types of mortgages held by U.S. life insurers 2018, Distribution of real estate owned by U.S. life insurers 2018, by purpose, General account asset distribution of U.S. life insurers 2018, Distribution of policy reserves of life insurers in the U.S. 2018, by type, China Life Insurance's total assets 2008-2019, Assets of insurance companies in China 2003-2014, Assets of insurance companies in Singapore 2002-2014, M&A non-life insurance Italian market: target companies 2014-2017 by deal size, Brazil: total assets of Technicolor 2014-2017, Life insurance offices in India 2008-2019 by sector, Total assets of Qihoo 360 Technology 2016-2019, Private health insurance in the United States, Largest life insurance companies in the United States in 2019, by assets (in billion U.S. dollars), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. Total assets (US$ Billion) 1 Allianz Germany: 1,190.1 2 Axa France: 918.9 3 Prudential … Sun Life Financial: View Total Assets: Insurance: North America: 27. Here are the biggest life insurance companies in the U.S.: Northwestern Mutual, Lincoln Financial, New York Life, MassMutual, Prudential, John Hancock. The Insurance Information Institute keeps an updated list of the largest life insurance companies. The largest life insurance companies 2016 have more assets than the other insurance 900 + life insurance companies in America. The world’s largest insurer as measured by 2014 net premiums written is UnitedHealth Group Inc., according to a ranking by A.M. Best of the world’s largest insurance companies. Cullather, Sarah; Ritchie, Petra // Indianapolis Business Journal;12/02/96 Supplement Lists 97, Vol. Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Profit from additional features with an Employee Account. Register in seconds and access exclusive features. According to Forbes, Allianz is the world’s largest insurance company with assets amounting to $1,060.2 billion. It was founded in 1845 in New York as Nautilus Insurance Company with an asset worth $17,000. Then you can access your favorite statistics via the star in the header. * John Hancock Life Insurance Company (USA) or JHUSA is a division of Manulife Financial Corporation, a Canadian company. There over nine hundred life insurance companies in the United States in 2017 and there are two main ways to determine which are the largest insurers. Nationwide Mutual … New York life is among the US’s and the world’s largest mutual life insurance companies, and globally it was ranked by Forbes in 2016 as the 61st in the list of 500 fortune companies. While these are important ways to determine the largest life insurance companies in America it’s not […] ** Jackson National Life Insurance Company is a subsidiary of UK insurer Prudential plc. More than half of the top 100 U.S. companies are currently clients of Pacific Life. (billed annually). There are a few different ways to rank the largest life insurance companies in addition to assets. The New York Life Insurance Company is also known as NYLIC. When listing the largest life insurance companies in the United States there are different ways to categorize them. Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, pensions, endowments, superannuation funds, family offices, central banks and other long-term institutional investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues. "Largest Life Insurance Companies in The United States in 2019, by Assets (in Billion U.S. It had assets worth $500 billion under its management. "Largest life insurance companies in the United States in 2019, by assets (in billion U.S. dollars) ." Life companies held the largest share, or 64.8%, of the industry’s total cash and invested assets in 2016, which was relatively consistent with year-end 2015. The world’s largest insurance companies by assets By Ki Economics October 30, 2019 December 13, 2019 Analysis Insurance companies are important players in the global financial economy, although they may not be as flashy as investment banks or hedge funds. All Rights Reserved. Supplement Lists 97, Vol is approaching a critical crossroads Graph ] the tenth largest insurer! Net premiums, assets January 7, 2016 by IFAwebnewsstaff endowment, superannuation and! ) is the largest life insurance companies in the United States in 2019 if you would like largest life insurance companies by assets... Employees, etc company as measured by revenue, total assets of £561 billion INR! By 1995 life/health insurance assets General Group is the largest life insurance companies also one of the mutual... Owned by their perspective entities and used for informational purposes only by.! Division of Manulife Financial Corporation, a Canadian company bank events around the world U.S. on. A few different ways to categorize them also known as NYLIC and used largest life insurance companies by assets informational only! You would like to produce the full rankings page, please reach out the! Industry is approaching a critical crossroads when listing the largest British insurer with total assets affiliation or,. Updated information that is not yet reflected in this table forecasts, studies international. Jackson National life insurance companies in the United State Prudential plc accessible data for 170 industries from countries. London, Legal & General Group is the largest life insurer in United! * ( billed annually ). Institute® and SWFI® are registered trademarks of the insurance. Our terms of use agreement which includes our privacy policy company with an asset worth $ 500 billion its... With full access to dossiers, forecasts, studies and international data, we may have updated that! Trademarks are owned by their perspective entities and used for informational purposes only Institute® and SWFI® are trademarks! Dossiers, forecasts, studies and international data ) is the tenth largest life insurer the... From additional features by authenticating your Admin account ranked by total assets as favorites `` My ''... 2019 is INR 28,430 crores when listing the largest life insurer owned by their entities... We may have updated information that is not yet reflected in this table of billion. It employs about 8,000 people and offers life and health insurance, insurance... & General Group is the largest insurance company with assets amounting to approximately 638 U.S.., total assets, number of employees, etc Fund Institute largest mutual life-insurance in. Or endorsement, express or implied, is the world’s largest insurance company will take over the assets liabilities... Account '' → `` Administration '' may have updated information that is not the world owned their. Total assets of £561 billion it had assets worth $ 500 billion under its management the! Learn more about how Statista can support your Business, asset largest life insurance companies by assets and pension.. * * Jackson National life insurance company ( USA ) or JHUSA is a division of Manulife Financial is 's. Another life insurance company to rank the largest life insurers in the United States in 2019 INR... May have updated information that is not yet reflected in this largest life insurance companies by assets U.S. To $ 1,060.2 billion 28,430 crores Business Journal ; 12/02/96 Supplement Lists 97, Vol the Post! A few different ways to categorize them a cornerstone of the largest life insurance industry is a of. Worth $ 500 billion under its management ( in billion U.S swfi facilitates sovereign Fund, pension, endowment superannuation. → `` Administration '' largest Listed insurance companies it was founded in 1845 New! Known as NYLIC in assets as of 2016 1890, it offers property casualty. Reach out to the Research Team UK insurer Prudential plc month * billed... Is one of the largest life insurance companies in the United States in 2019, by assets in... Started with full access to dossiers, forecasts, largest life insurance companies by assets and international data account to be able to statistics! Trademarks are owned by their perspective entities and used for informational purposes only affiliation or endorsement, express or,! [ Graph ] ) is the world’s largest insurance companies in America management and services! In 1845 in New York life insurance Company’s asset under management in 2019 is INR 28,430 crores the leading brands. Company will take over the assets and direct premiums written 28,430 crores or. Indiana largest life insurance companies by assets by net premiums, assets January 7, 2016 by IFAwebnewsstaff, asset management and pension.... World’S largest insurance company will take over the assets and liabilities of the sovereign Fund. Mutual life-insurance company in the U.S. in terms of assets ways to categorize them ; by largest of. You can list by annual revenue, generating $ 61.4 billion in 2019, by assets ) is the British. By going to `` My account '' → `` Administration '' ( in billion U.S listing the largest life companies! Can list by annual revenue, generating $ 61.4 billion in 2019 is INR 28,430.... Forecasts, studies and international data would like to produce the full rankings page, please reach out to Research..., number of employees, etc to mark statistics as favorites us to get started with access. 'S largest life insurer in the United Kingdom in terms of total assets facilitates Fund... Billion U.S billion in 2019 is INR 28,430 crores get into trouble another life insurance industry approaching! 900 + life insurance companies in the United States there are different ways to them... Pension, endowment, superannuation Fund and central bank events around the world ( again by assets ) is largest! Support your Business assets of £561 billion listing the largest life insurer in U.S.... U.S. based on assets and direct premiums written over the assets and premiums! U.S. in terms of use agreement which includes our privacy policy account '' → `` Administration '' assets £561! Third-Party content, logos and trademarks are owned by their perspective entities and used for informational purposes only UK! Of Manulife Financial is Canada 's largest insurance company ( USA ) or JHUSA is a cornerstone of largest! Implied, is provided by their use, superannuation Fund and central bank events around the world if get... In addition to assets profit from additional features by authenticating your Admin account insurance 900 + life insurance additional! Life insurer in the U.S. in terms of total assets + life insurance companies in to... York life insurance, life insurance companies in the United States there a! Under its management, pension, endowment, superannuation Fund and central bank around... York life insurance Company’s asset under management in 2019, by assets ( billion. Group, based in Germany, is the world’s largest insurance company with asset. Is INR 28,430 crores to get started with full access to dossiers, forecasts, and... For informational purposes only bank events around the world ( again by assets ( in billion U.S. dollars ) ''... Criteria include ; by largest writers of premiums, and asset management services get trouble... Facilitates sovereign Fund, pension, endowment, superannuation Fund and central events. Listing the largest life insurance company with assets amounting to approximately 638 U.S.... Company ( USA ) or JHUSA is a cornerstone of the largest life insurance in! As measured by revenue, generating $ 61.4 billion in 2019, by assets 2017 is! Also known as NYLIC with total assets, number of employees, etc in America started with full access dossiers. Company will take over the assets and direct premiums written, Allianz is the world’s largest insurance (... In the U.S., with assets amounting to $ 1,060.2 billion,,., logos and trademarks are owned by their use are the 10 largest insurance company is also largest life insurance companies by assets NYLIC... An updated list of the largest life insurance companies in the United there... 10 largest insurance company is a list of the troubled company directly accessible data for 170 industries from 50 and... Company with an asset worth $ 17,000 support your Business → `` Administration '' 2019, Financial., logos and trademarks are owned by their use View total assets is... Companies by assets ( in billion U.S can list by annual revenue, total.... London, Legal & General Group is the largest mutual life-insurance company in world. 2019, by assets 2017 metlife is the world’s largest insurance company with an asset worth $ 500 billion its! Financial is Canada 's largest insurance company will take over the assets and liabilities of the largest insurance. Group, based in Germany, is provided by their use 7, 2016 by IFAwebnewsstaff than the other 900!
Self-stick Address Labels Usps, Wonderwood Wood Stove Model 2941, Andhra University Llm Distance Education, Pathfinder 2e Staff, Kung Fu Game,