World's Largest Insurers by Market Capitalization

Below is a list of the largest insurance companies in the world based on market capitalization. UnitedHealth Group, an American insurer, leads the list with a market value of over $460 billion. It is also the world's fifth largest company by revenue according to Fortune Global 500. AIA Group, a Hong Kong-based insurer, is the second largest insurance company in the world by market capitalization.

Rank	Company	Country	Market Cap, $B (June 1, 2022)
1	UnitedHealth	US	462.1
2	AIA Group	Hong Kong	123.2
3	Elevance Health *	US	120.4
4	Ping An Insurance	China	117.5
5	China Life Insurance	China	90.20
6	Chubb Limited	Switzerland	88.40
7	Allianz SE	Germany	85.92
8	Cigna Corporation	US	82.57
9	Marsh & McLennan	US	79.96
10	Progressive Corporation	US	70.00
11	Zurich Insurance	Switzerland	67.29
12	Life Insurance Corp	India	65.21
13	Aon plc	UK	57.66
14	AXA SA	France	57.45
15	Humana Inc	US	56.22
16	MetLife	US	54.01
17	Centene	US	47.86
18	American International Group	US	45.38
19	Travelers Companies	US	42.00
20	Prudential Financial	US	39.15
21	Allstate Corporation	US	37.04
22	Tokio Marine Holdings	Japan	38.84
23	Prudential plc	UK	35.86
24	Manulife Financial	Canada	35.69
25	Arthur J. Gallagher	USA	34.15
26	Munich RE	Germany	33.86
27	Assicurazioni Generali	Italy	28.35
28	People’s Insurance Company	China	27.25
29	Cathay Financial	Taiwan	24.47
30	Sampo Group	Finland	23.89
31	The Hartford	US	23.77
32	Willis Towers Watson	UK	23.46
33	Swiss Re	Switzerland	23.66
34	Dai-ichi Life	Japan	21.02
35	Cincinnati Financial	US	20.27
36	W. R. Berkley	US	18.69
37	Markel	US	18.60
38	Hannover Rück	Germany	18.52
39	Principal Financial Group	US	18.00
40	Arch Capital Group	Bermuda	17.62
41	Swiss Life	Switzerland	17.48
42	MS&AD Insurance	Japan	17.28
43	Molina Healthcare	US	16.96
44	HDFC Life	India	16.41
45	Sompo Holdings	Japan	15.53
46	CNP Assurances	France	15.33
47	Aviva plc	UK	15.07
48	SBI Life Insurance	India	14.71
49	QBE Insurance	Australia	12.90
50	CNA Financial	US	12.38
51	Fidelity National Financial	US	11.78
52	New China Life Insurance	China	11.52
53	Everest Re	Bermuda	10.97
54	Gjensidige Forsikring	Norway	10.71
55	AEGON	Netherlands	10.44
56	Talanx	Germany	10.38
57	Suncorp	Australia	10.12
58	Samsung Life Insurance	South Korea	9.72
59	Globe Life	US	9.65
60	Lincoln National Corp	US	9.57
61	Reinsurance Group of America	US	8.37
62	Admiral Group	UK	8.28
63	Phoenix Group Holdings	UK	7.94
64	ICICI Lombard	India	7.81
65	Insurance Australia Group	Australia	7.59
66	Baloise Holding AG	Switzerland	7.55
67	RenaissanceRe	Bermuda	6.69
68	T&D Holdings	Japan	6.61
69	Japan Post Insurance	Japan	6.47
70	Medibank Private	Australia	6.35
71	Mapfre S.A.	Spain	5.76
72	iA Financial	Canada	5.68
73	AXIS Capital Holdings	Bermuda	4.97
74	ZhongAn Insurance	China	4.69
75	Essent Group Ltd	Bermuda	4.63
76	Topdanmarks	Denmark	4.61
77	SCOR	France	4.50
78	Shin Kong Financial Holding	Taiwan	4.41
79	PZU Group	Poland	4.24
80	Direct Line Group	UK	4.21
81	Enact Holdings Inc	USA	4.06
82	Enstar Group	Bermuda	4.01
83	Hiscox	Bermuda	3.96
84	PB Fintech	India	3.81
85	Assured Guaranty	Bermuda	3.78
86	American Equity Investment	US	3.75
87	White Mountains Insurance Group	Bermuda	3.72
88	Beazley	UK	3.67
89	Brighthouse Financial	US	3.64
90	Grupo Catalana Occidente	Spain	3.62
91	Max Financial Services	India	3.56
92	Intercorp Financial	Peru	3.26
93	Aditya Birla Capital	India	3.19
94	Vienna Insurance Group	Austria	3.12
95	Jackson Financial	US	3.01
96	General Insurance Corp	India	2.71
97	UNIQA Group	Austria	2.55
98	Harel Insurance Investments	Israel	2.24
99	Genworth Financial	US	2.07
100	Coface	France	1.73

* Elevance Health was formerly known as Anthem, Inc.

Last updated October 1, 2024