Forbes 2023: Top 20 largest insurance companies in the world (2024)

The 2023 edition of "Forbes Global 2000" highlights the upward progression of insurance companies in the annual ranking of the world's leading corporations.

Forbes 2023: Top 20 largest insurance companies in the world (1)The leading insurer, UnitedHealth Group, moved up seven places to 15th in 2022. Ping An Insurance Group, the list's second-largest insurer, jumped one place to 16th.

Allianz, the third largest insurance company, is ranked 37th largest in the world.

Reinsurers Munich Re and Berkshire Hathaway, big names in the insurance industry, are ranked 114th and 338th in the Forbes 2023 report.

See Also
China: insurance companies number 2022 | Statista

Ranking of the 20 largest insurance companies according to Forbes

In billions USD

RankCompanyGlobal rankingCountryClass of businessTurnoverProfitsAssetsMarket value
1UnitedHealth Group15United StatesLife and health335.9420.7283.68460.19
2Ping An Insurance Group16ChinaLife and non-life166.3712.641598.49138.56
3Allianz37GermanyLife and non-life134.267.081 139.4995.45
4AXA Group48FranceLife and non-life110.926.83701.2570.07
5China Life Insurance62ChinaLife and health124.434.87754.9555.83
6Cigna68United StatesLife and health182.86.75142.6977.45
7Elevance Health78United StatesHealth160.676.21109.04110.11
8Zurich Insurance Group106SwitzerlandLife and non-life41.894.61352.1270.97
9Chubb112SwitzerlandNon-life44.75.23179.8382.39
10Munich Re114GermanyLife and non-life79.523.61324.7551.22
11American International Group123United StatesLife and non-life51.426.05463.7739.49
12Generali Group152ItalyLife and non-life91.783.06552.8931.51
13China Pacific Insurance156ChinaLife and non-life68.074.16300.5231.02
14MetLife169United StatesLife and non-life69.531.95674.2741.86
15Tokio Marine Holdings193JapanLife and non-life48.672.42216.9339.82
16ING Group200NetherlandsLife and non-life19.513.861032.943.32
17Humana201United StatesHealth95.643.1254.7866.85
18Travelers222United StatesNon-life37.792.78108.942.11
19Sun Life Financial250CanadaLife31.562.4240.6828.42
20Centene259United StatesHealth146.251.4882.9837.53
See Also
20 of the most notable insurance carrier failures:South Korea: largest life insurers by gross premiums 2022 | StatistaJapan: number of general insurance companies by type 2023 | StatistaRevealed – world's largest insurance companies

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Forbes 2023: Top 20 largest insurance companies in the world (2024)
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