In this article we are going to list the 5 biggest insurance companies in the world. For a detailed coverage of this topic and a more comprehensive list please take a look at the 15 biggest insurance companies in the world. Also, don’t forget to subscribe to our free daily enewsletter in order to receive the latest stocks that hedge funds are buying and selling:
5. Japan Post Holdings
Total revenue of the company (in millions): 100,278
Total profits of the company (in millions): 4,466
Total assets of the company (in millions): 2,502,652
Total employees of the company: 232,112
Japan Post Holdings is one of the biggest companies in Japan regardless of industry and among the biggest in the world for insurance services. The company was listed on the Japanese stock exchange in 2005 and while attempts are being made to privatize it, the process has been quite slow.
4. UnitedHealth Group Incorporated (NYSE:UNH)
Total revenue of the company (in millions): 287,597
Total profits of the company (in millions): 17,285
Total assets of the company (in millions): 212,206
Total employees of the company: 350,000
UnitedHealth Group Incorporated (NYSE:UNH) would have topped the list based on both revenue and profits, but dropped down the list because its assets, despite being value at $212 billion, are much smaller than most other insurance companies. UnitedHealth Group Incorporated (NYSE:UNH) has been at the forefront of several controversies investigations by the SEC and the Internal Revenue Service for backdating stock options worth hundreds of millions of dollars.
Follow Unitedhealth Group Inc (NYSE:UNH)
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3. AXA
Total revenue of the company (in millions): 144,447
Total profits of the company (in millions): 8,624
Total assets of the company (in millions): 881,733
Total employees of the company: 92,398
The French multinational is the biggest insurance company in France and among the biggest insurance companies in the world. Founded over 200 years ago, Axa maintains operations in Europe, Africa, the Middle East and North America. The company is also known for its philanthropy, having created the Axa Research Fund in 2008.
2. Allianz
Total revenue of the company (in millions): 144,517
Total profits of the company (in millions): 7,815
Total assets of the company (in millions): 1,295,531
Total employees of the company: 155,411
Allianz is the largest insurer in Europe. The German giant has operations in around 2 dozen countries spanning several continents. It maintains a major presence in the United Kingdom after it acquired British company Cornhill Insurance in the 1980s which was later renamed to Allianz Insurance in 2000. It also purchased other companies later on to increase its presence in the United Kingdom.
1. Ping An Insurance
Total revenue of the company (in millions): 199,629
Total profits of the company (in millions): 15,754
Total assets of the company (in millions): 1,596,641
Total employees of the company: 355,982
Topping the list of the 15 biggest insurance companies in the world is Ping An Insurance, a Chinese insurance company which had $121 billion in net premiums written in just 2021. One of the biggest companies listed in the Shanghai Stock Exchange, Ping An Insurance is also the first asset holder in China to sign the Climate Action 100+ as well as the United Nations’ Principle of Responsible Investment. In fact, the company has invested over $140 billion in affordable healthcare and clean energy.
Please also see 15 Biggest Companies Headquartered in Ireland and 15 Largest Airlines in the World.
