The following is a list of the top 10 insurance companies, top 50 insurance companies and best insurance companies in the world ranked by total assets. Japan Post Insurance is the world’s largest insurance company with assets of about ¥96.787 trillion (US$1.26 trillion). The company operates as a subsidiary of Japan Post Holdings and provides life insurance products through post offices and directory managed stores. The Insurance premiums amounted to ¥6,856 billion (US$82.74 billion) at March 31, 2012. AXA Group, a French global insurer, is the second largest insurance company in the world and the largest insurer in Europe. AXA serves over 100 million clients globally and is engaged in property-casualty insurance, life insurance, savings, and asset management. Metlife is the only US insurer to rank among the top five largest insurers.

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Rank Insurance company Country Assets (US$b, 31/12/2011) Market cap (US$b, 31/3/2012)
1 Japan Post Insurance Japan 1,258.33 * -
2 AXA France 945.571 39.017
3 Allianz Germany 830.804 54.245
4 Metlife US 799.625 39.719
5 Nippon Life Insurance Company Japan 649.402 * -
6 Prudential Financial US 624.521 29.667
7 Zenkyoren (JA-Kyosairen) Japan 581.492** -
8 American International Group (AIG) US 555.773 58.480
9 Generali Italy 547.924 24.132
10 Legal & General UK 507.935 11.933
11 Aviva UK 485.637 14.985
12 Manulife Financial Canada 452.243 24.431
13 Aegon Netherlands 447.575 10.589
14 ING Insurance (ING Verzekeringen N.V.) Netherlands 434.377 31.863
15 Prudential UK 425.322 29.612
16 TIAA-CREF US 420.070 -
17 CNP Assurances France 415.758 9.257
18 Berkshire Hathaway US 392.647 201.135
19 Zurich Insurance Group Switzerland 385.869 39.559
20 Dai-Ichi Life Insurance Japan 382.803 13.889
21 Ping An Insurance China 359.728 51.463
22 Meiji Yasuda Life Insurance Company Japan 352.698 * -
23 Munich Re Germany 320.654 26.998
24 Sumitomo Life Insurance Japan 312.460 -
25 Hartford Financial Services US 302.666 -
26 Old Mutual UK 252.453 13.715
27 China Life Insurance China 251.651 73.371
28 Standard Life UK 248.936 8.405
29 Life Insurance Corporation of India India 248.267 -
30 Great West Lifeco Canada 233.674 23.321
31 Swiss RE Switzerland 225.899 23.644
32 Sun Life Financial Canada 213.375 -
33 New York Life US 213.280 -
34 Lincoln National US 202.906 -
35 Tokio Marine Holdings Japan 197.047 22.202
36 State Farm Insurance Cos. US 196.543 -
37 Massachusetts Mutual Life Insurance US 195.381 -
38 Resolution UK 194.963 5.591
39 Northwestern Mutual US 189.645 -
40 ERGO Insurance Group Germany 180.475 -
41 Cathay Financial Taiwan 165.278 11.791
42 Swiss Life Switzerland 161.698 3.812
43 T & D Holdings Japan 151.413 7.941
44 Talanx Germany 149.290 -
45 Principal Financial US 148.300 -
46 Nationwide US 141.250 -
47 Phoenix UK 139.143 1.533
48 MS&AD Insurance Japan 134.142 13.074
49 Samsung Life Insurance South Korea 133.60 -
50 Allstate US 125.043 -
51 Groupama France 124.169 -
52 Achmea Netherlands 119.559 -
53 Fubon Financial Taiwan 119.234 10.179
54 Ageas Belgium 117.344 5.395
55 Liberty Mutual Insurance Group US 117.131 -

The exchange rate on December 30, 2011

* Assets as of March 31, 2011, ** Assets as of March 31, 2012

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