Below is our annual ranking of the world’s largest insurance companies in terms of total assets. Allianz Group, founded in 1890, is the largest insurer in the world with assets of US$1.06 trillion. The company provides property/casualty insurance, life/health insurance, asset management, traditional and structured reinsurance and other services. With 142,000 employees, it serves almost 90 million customers in 70 countries. As of December 31, 2018, Allianz reported gross premiums written of €78 billion. Ping An Insurance, headquartered in Beijing, China, is the second largest insurance company in the world by assets and the largest by market capitalization (US$208 billion as of June 14, 2019).

Rank Company Country Total Assets, US$B Balance Sheet
1 Allianz SE Germany 1.060.82 12/31/2018
2 Ping An Insurance (Group) Co China 1,038.01 12/31/2018
3 AXA S.A. France 1.035.07 12/31/2018
4 Prudential Financial Inc US 815.078 12/31/2018
5 Nippon Life Insurance Company Japan 711.372 09/30/2018
6 Metlife Inc US 692.530 12/31/2018
7 Japan Post Insurance Co. Ltd Japan 675.134 12/31/2018
8 Prudential plc UK 631.324 12/31/2018
9 Legal & General Group plc UK 618.988 12/31/2018
10 Assicurazioni Generali S.p.A. Italy 585.417 12/31/2018
11 Aviva plc UK 531.355 12/31/2018
12 Zenkyoren * Japan 527.390 03/31/2018
13 Manulife Financial Corp Canada 518.344 12/31/2018
14 Dai-ichi Life Holdings Inc Japan 506.527 12/31/2018
15 American International Group Inc US 491.984 12/31/2018
16 China Life Insurance Co. Ltd China 452.015 09/30/2018
17 CNP Assurances S.A. France 450.621 12/31/2018
18 Aegon N.V. Netherlands 449.513 12/31/2018
19 Life Insurance Corporation India 408.002 03/31/2018
20 Meiji Yasuda Life Insurance Company Japan 376.524 12/31/2018
21 Zurich Insurance Group AG Switzerland 374.589 12/31/2018
22 Sumitomo Life Insurance Company Japan 340.085 12/31/2018
23 Power Financial Corp Canada 323.172 12/31/2018
24 New York Life US 311.460 12/31/2018
25 Munich Re Germany 309.018 12/31/2018
26 TIAA ** US 303.286 12/31/2018
27 Cathay Financial Holding Co. Ltd Taiwan 301.797 09/30/2018
28 Lincoln National Corp US 299.336 12/31/2018
29 Phoenix Group UK 282.105 12/31/2018
30 State Farm Companies US 272.518 12/31/2018
31 Northwestern Mutual US 272.167 12/31/2018
32 Samsung Life Insurance Co. Ltd South Korea 259.028 12/31/2018
33 NN Group N.V. Netherlands 255.337 12/31/2018
34 MassMutual US 254.841 12/31/2018
35 Fubon Financial Holding Co. Ltd Taiwan 246.630 09/30/2018
36 Principal Financial Group Inc US 243.036 12/31/2018
37 Nationwide Mutual Insurance US 236.092 12/31/2018
38 AIA Group Ltd Hong Kong 226.855 12/31/2018
39 Swiss Life Holding Switzerland 216.530 12/31/2018
40 Tokio Marine Holdings Inc Japan 210.946 12/31/2018
41 Brighthouse Financial Inc US 207.570 12/31/2018
42 MS&AD Insurance Japan 205.403 12/31/2018
43 Swiss RE AG Switzerland 200.751 12/31/2018
44 Sun Life Financial Inc Canada 196.196 12/31/2018
45 Talanx AG Germany 186.439 12/31/2018
46 China Pacific Insurance Group China 183.884 09/30/2018
47 Chubb Ltd Switzerland 167.771 12/31/2018
48 Pacific Mutual Holding US 157.699 12/31/2018
49 Voya Financial Inc US 155.812 12/31/2018
50 USAA (United Services Automobile Assoc) US 158.507 12/31/2018
51 People's Insurance Co (Group) China 153.037 06/30/2018
52 Aflac inc US 145.597 12/31/2018
53 T&D Holdings Japan 140.773 12/31/2018
54 Covea Group France 127.165 12/31/2018
55 Liberty Mutual Holding US 125.989 12/31/2018

* National Mutual Insurance Federation of Agricultural Cooperatives is known as Zenkyoren or JA Kyosai.
** Total Admitted Assets