Following is a list of the largest insurance companies in the world ranked by total assets. Allianz Group, based in Germany, is the world’s largest insurance company in terms of assets. 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 as well as one of the leading corporate insurers and asset managers. The company’s gross premiums written amounted to EUR 76 billion in last financial year. AXA Group is the second largest international insurer by total assets with presence in 64 countries. The top 10 insurance companies include 3 US companies, 2 UK companies and insurers from France, Germany, Japan and China.

Rank Company Country Total assets, US$b (June 30, 2017)
1 Allianz Germany 1,013.4
2 AXA France 1,004.8
3 Metlife US 925.199
4 Ping An Insurance China 879.427
5 Prudential Financial US 812.590
6 Japan Post Insurance Japan 704.005
7 Berkshire Hathaway US 665.590
8 Nippon Life Insurance Company (Nissay) Japan 652.429
9 Prudential plc UK 625.551
10 Legal & General UK 623.893

The exchange rate on June 30, 2017.

World's Top Insurers 2016

Following are the top insurance companies in the world based on total assets. AXA Group, a French global insurer, is the world’s largest insurance company with assets of $944 billion. With presence in 64 countries, it serves over 105 million customers and engaged in property-casualty insurance, life insurance, savings, and asset management. In 2016, the company reported €100 billion in revenue, €5.8 billion in net income and €94 billion in gross written premiums. Allianz is the second largest international insurer by assets with over 85 million customers and 142,000 employees worldwide.

Rank Company Country Total assets, US$b Balance sheet
1 AXA France 944.145 12/31/2016
2 Allianz Germany 934.654 12/31/2016
3 Metlife US 898.764 12/31/2016
4 Ping An Insurance China 802.975 12/31/2016
5 Prudential Financial US 783.962 12/31/2016
6 Japan Post Insurance Japan 690.658 12/31/2016
7 Nippon Life Insurance Company (Nissay) Japan 621.182 12/31/2016
8 Berkshire Hathaway US 620.854 12/31/2016
9 Prudential plc UK 578.149 12/31/2016
10 Legal & General UK 574.901 12/31/2016
11 Assicurazioni Generali Italy 551.168 12/31/2016
12 Aviva UK 541.188 12/31/2016
13 Manulife Financial Canada 534.705 12/31/2016
14 American International Group (AIG) US 498.264 12/31/2016
15 Zenkyoren (1) Japan 480.248 03/31/2016
16 Aegon Netherlands 450.439 12/31/2016
17 CNP Assurances France 443.242 12/31/2016
18 Dai-Ichi Life Insurance Japan 440.186 12/31/2016
19 China Life Insurance China 388.313 12/31/2016
20 Zurich Insurance Group Switzerland 382.679 12/31/2016
21 Meiji Yasuda Life Insurance Company (2) Japan 346.606 12/31/2016
22 New York Life US 318.000 12/31/2016
23 Power Financial Corp Canada 310.568 12/31/2016
24 Life Insurance Corporation of India India 310.000 12/31/2016
25 Sumitomo Life Insurance Japan 287.616 12/31/2016
26 Munich Re Germany 283.206 12/31/2016
27 TIAA US 282.400 12/31/2016
28 Lincoln National US 261.627 12/31/2016
29 Cathay Financial Holding Taiwan 252.096 12/31/2016
30 Northwestern Mutual US 250.000 12/31/2016
31 State Farm US 241.183 12/31/2015
32 Massachusetts Mutual US 235.038 12/31/2016
33 Standard Life UK 234.081 12/31/2016
34 Principal Financial US 228.014 12/31/2016
35 Hartford Financial Services US 223.432 12/31/2016
36 Samsung Life Insurance South Korea 219.577 12/31/2016
37 Swiss RE Switzerland 215.065 12/31/2016
38 Voya Financial US 214.235 12/31/2016
39 Old Mutual UK 210.823 12/31/2016
40 Nationwide Mutual Insurance US 209.777 12/31/2016
41 Fubon Financial Taiwan 196.816 12/31/2016
42 Swiss Life Holding Switzerland 196.373 12/31/2016
43 Sun Life Financial Canada 191.598 12/31/2016
44 Tokio Marine Holdings Japan 190.112 12/31/2016
45 AIA Group Hong Kong 185.074 11/30/2016
46 MS&AD Insurance Group Japan 178.836 12/31/2016
47 NN Group NV Netherlands 178.199 12/31/2016
48 Talanx AG Germany 165.579 12/31/2016
49 Chubb Ltd Switzerland 159.786 12/31/2016
50 USAA (United Services Automobile Association) US 147.290 12/31/2016
51 China Pacific Insirance Group (CPIC Group) China 146.962 12/31/2016
52 Pacific Mutual Holding Company US 143.298 12/31/2016
53 People's Insurance Group of China China 134.213 12/31/2016
54 Aflac US 129.819 12/31/2016
55 T&D Holdings Japan 129.007 12/31/2016
56 Liberty Mutual Holding Company US 125.592 12/31/2016
57 Covea Mutual Insurance Group France 112.668 12/31/2015
58 Ageas Belgium 110.294 12/31/2016
59 Allstate US 108.610 12/31/2016
60 Phoenix Group Holdings UK 105.676 12/31/2016
61 Genworth Financial US 104.658 12/31/2016
62 Groupama France 103.728 12/31/2016
63 New China Life Insurance China 100.670 12/31/2016
64 Travelers Companies US 100.245 12/31/2016
65 Achmea Netherlands 98.366 12/31/2016
66 Shin Kong Financial Taiwan 97.852 12/31/2016
67 Unipol Gruppo Finanziario Italy 97.184 12/31/2016
68 Sompo Holdings (3) Japan 91.388 12/31/2016
69 Thrivent Financial for Lutherans US 84.938 12/31/2016
70 Hanwha Life South Korea 82.200 12/31/2015

The exchange rate on December 30, 2016.

(1) - Zenkyoren (National Mutual Insurance Federation of Agricultural Cooperatives) is a subsidiary of JA (Japan Agricultural Cooperatives) Group.
(2) - In March 2016, Meiji Yasuda Life Insurance completed acquisition of StanCorp Financial Group, a U.S. life insurance company.
(3) - Sompo Holdings, Inc. was formerly known as Sompo Japan Nipponkoa Holdings, Inc.