Revealed – Top 10 largest insurance companies in the world

AM Best has ranked the US’s UnitedHealth Group and Germany’s Allianz as the world’s largest insurers.

UnitedHealth Group took the top spot for the sixth straight year with $189.7 billion in net premiums written (NPW) in 2019. Meanwhile, Allianz SE and Prudential Financial jumped ahead of AXA S.A. into the first and second slots in AM Best’s ranking by 2019 non-banking assets.

Read more: AM Best puts State Farm in the spotlight

The rankings are based on BestLink data and additional research, AM Best said. There was some year-over-year reshuffling in the top five slots in the non-banking ranks, while the leading five NPW companies retained their slots from the previous year.

The top 10 global insurers by 2019 NPW are:

1. UnitedHealth Group (US)
2. Ping An Insurance (Group) Company of China Ltd. (China)
3. AXA S.A. (France)
4. China Life Insurance (Group) Company (China)
5. Kaiser Foundation Group of Health Plans (US)
6. Anthem (US)
7. Allianz SE (Germany)
8. People’s Insurance Company (Group) of China Ltd. (China)
9. Assicurazioni Generali S.p.A. (Italy)
10. Centene Corporation (US)

The top 10 global insurers ranked by 2019 non-banking assets are:

1. Allianz SE (Germany)
2. Prudential Financial (US)
3. AXA S.A. (France)
4. Berkshire Hathaway (US)
5. Nippon Life Insurance Company (Japan)
6. MetLife (US)
7. Legal & General Group (UK)
8. Ping An Insurance (Group) Company of China Ltd. (China)
9. Japan Post Insurance Co. (Japan)
10. China Life Insurance (Group) Company (China)