Life companies held the largest share, or 64.8%, of the industry’s total cash and invested assets in 2016, which was relatively consistent with year-end 2015. Property/casualty (P/C) companies continued to account for the second largest portion of assets at 29.7% of total cash and invested assets, which was also relatively consistent with year-end 2015. Please log in to access our additional functions, *Duration: 12 months, billed annually, single license, The ideal entry-level account for individual users. New, Figures and insights about the advertising and media world, Industry Outlook The world’s largest insurer as measured by 2014 net premiums written is UnitedHealth Group Inc., according to a ranking by A.M. Best of the world’s largest insurance companies. It is one of the largest life insurers in the world. All Rights Reserved. Largest Indiana-based life/health insurance companies. Please create an employee account to be able to mark statistics as favorites. I believe you will find the largest in most categories is Metropolitan Life Insurance Co. better known as … (2020). Sovereign Wealth Fund Institute® and SWFI® are registered trademarks of the Sovereign Wealth Fund Institute. Shopping for life insurance? Overview and forecasts on trending topics, Key figures and rankings about brands and companies, Consumer insights and preferences in various industries, Detailed information about political and social topics, All key figures about regions and countries, Everything you need to know about Consumer Goods, Identify market potentials of the digital future, Technology Market Outlook Life Insurance companies that have a net worth of 500,000,000 only have maybe 10% of that liquid, ... it is the largest asset by face amount but it’s the “forgotten asset”. It employs about 8,000 people and offers life and health insurance, general insurance, asset management and pension services. (billed annually). Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. Please authenticate by going to "My account" → "Administration". Please do not hesitate to contact me. The Insurance Information Institute keeps an updated list of the largest life insurance companies. American Council of Life Insurers. American Council of Life Insurers. The largest life insurance companies 2016 have more assets than the other insurance 900 + life insurance companies in America. Northwestern Mutual, New York Life and MassMutual top the list of the 20 largest life insurance companies in the U.S. See which other insurers made the cut. attorney leads with email and phone numbers, Northwestern Mutual Life Insurance Company, Massachusetts Mutual Life Insurance Company, State Farm Mutual Automobile Insurance Company, Royal London Mutual Insurance Society Limited, California State Compensation Insurance Fund, State Life Insurance Corporation of Pakistan. Cullather, Sarah; Ritchie, Petra // Indianapolis Business Journal;12/02/96 Supplement Lists 97, Vol. You have plenty of choices. Total assets (US$ Billion) 1 Allianz Germany: 1,190.1 2 Axa France: 918.9 3 Prudential … Quick Analysis with our professional Research Service: Content Marketing & Information Design for your projects: The source adds the following information: "Group totals represent a collection of life insurers based on organizational structure." In 2019, Prudential Financial was the largest life insurance company in the U.S., with assets amounting to approximately 638 billion U.S. dollars. According to Forbes, Allianz is the world’s largest insurance company with assets amounting to $1,060.2 billion. American Council of Life Insurers. None. The largest life insurer in the world (again by assets) is the Japan Post Insurance Company. Profit from additional features by authenticating your Admin account. All material subject to strictly enforced copyright laws. and over 1 Mio. There was an error. This feature is limited to our corporate solutions. It is the tenth largest life insurer in the U.S. in terms of assets. Accessed December 28, 2020. https://www.statista.com/statistics/194489/life-insurance-companies-in-the-us-with-most-assets/. Manulife Financial is Canada's largest insurance company as measured by revenue, generating $61.4 billion in 2019. December 8, 2020. There over nine hundred life insurance companies in the United States in 2017 and there are two main ways to determine which are the largest insurers. Largest life insurance companies in the United States in 2019, by assets (in billion U.S. dollars) [Graph]. ", American Council of Life Insurers, Largest life insurance companies in the United States in 2019, by assets (in billion U.S. dollars) Statista, https://www.statista.com/statistics/194489/life-insurance-companies-in-the-us-with-most-assets/ (last visited December 28, 2020), Largest life insurance companies in the United States in 2019, by assets, Market share of leading life and non-life direct premium writing countries 2019, Leading global life and health insurance (mutual) companies 2019, by revenue, Share of adults who owned life insurance in the U.S. 2011-2020, Number of U.S. life insurance companies 2011-2018, by organizational structure, Number of stock life insurance companies in the U.S. 1950-2018, U.S. life insurance purchases value 2018, by state, Number of employees in the life insurance sector in the U.S. 1960-2018, Leading life insurance companies in the U.S. 2019, by assets, Value individual life insurance policies in force Japan FY 2012-2018, Annualized premium of individual life insurance policies in force Japan FY 2009-2018, Life insurance premium income China 2012-2019, Life insurance premium income China 2019, by region, Value of life insurance in force South Korea FY 2012-2017, Life insurance premium per capita in South Korea 2008-2017, Value of total life insurance premiums in India FY 2002-2019, Life insurance premiums written in India FY 2017-2019, Total direct premiums written by life insurance companies in Europe by country 2019, Life insurance premiums per capita in Europe 2019, by country, Life insurance market share in terms of gross premium in the United Kingdom 2005-2018, Life insurance market share in terms of gross premium in France 2006-2018, Life insurance penetration in Italy 2004-2018, Life insurance market share in terms of gross premium in Germany 2006-2018, Life insurance market share in terms of gross premium in Ireland 2006-2018, Life insurance sector market penetration rate in Spain 2005-2019, Distribution of life insurance premiums in Canada 2019, by type, Distribution of life insurance products in Canada 2006-2019, Long-term investments of life insurers in Canada in 2018, by type, Leading European life insurance companies ranked by total assets in 2014, United Kingdom: active life insurance companies with British headquarters 2013-2017, Meiji Yasuda's annual base profit FY 2016-2019, Irish life insurance market: companies ranked by total assets as of 2015, Types of mortgages held by U.S. life insurers 2018, Distribution of real estate owned by U.S. life insurers 2018, by purpose, General account asset distribution of U.S. life insurers 2018, Distribution of policy reserves of life insurers in the U.S. 2018, by type, China Life Insurance's total assets 2008-2019, Assets of insurance companies in China 2003-2014, Assets of insurance companies in Singapore 2002-2014, M&A non-life insurance Italian market: target companies 2014-2017 by deal size, Brazil: total assets of Technicolor 2014-2017, Life insurance offices in India 2008-2019 by sector, Total assets of Qihoo 360 Technology 2016-2019, Private health insurance in the United States, Largest life insurance companies in the United States in 2019, by assets (in billion U.S. dollars), Find your information in our database containing over 20,000 reports, Tools and Tutorials explained in our Media Centre. Dollars) . It is the largest mutual life-insurance company in the United State. Learn more about how Statista can support your business. The largest life insurance company in the United States (by assets) is presently the Metropolitan Life Insurance Company (aka MetLife). "Largest Life Insurance Companies in The United States in 2019, by Assets (in Billion U.S. Here is a list of the largest insurance companies in the United Kingdom in terms of total assets. Directly accessible data for 170 industries from 50 countries Other ways include; total written premium, market capitalization, term sales, universal life sales, whole life sales and annuity […] ** Jackson National Life Insurance Company is a subsidiary of UK insurer Prudential plc. Then you will be able to mark statistics as favourites and use personal statistics alerts. Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. Largest Indiana Life/Health Insurance Companies. The top 25 largest insurance companies in the world, by net premiums written (NPW) and non-banking assets, have been revealed by global rating agency A.M. Best. Reply. The world’s largest insurance companies by assets By Ki Economics October 30, 2019 December 13, 2019 Analysis Insurance companies are important players in the global financial economy, although they may not be as flashy as investment banks or hedge funds. You only have access to basic statistics. It was founded in 1845 in New York as Nautilus Insurance Company with an asset worth $17,000. The European life insurance industry is a cornerstone of the European savings and retirement ecosystem, with €6 trillion in assets as of 2016. No affiliation or endorsement, express or implied, is provided by their use. (December 8, 2020). UnitedHealth Group Incorporated took the top spot in A.M. Best’s ranking of the world’s 25 largest insurance companies, as measured … World’s largest insurance companies ranked by net premiums, assets January 7, 2016 by IFAwebnewsstaff . Allianz Group, based in Germany, is the world’s largest insurance company in terms of assets. 1- Allianz, $1,060.2 billion. Register in seconds and access exclusive features. MetLife/Brighthouse Financial, Northwestern Mutual, New York Life, and Prudential are the four largest life insurance companies in the United States, all … In ranking 89 on the 2013 Fortune 500 list of Insurance company with about $381 billion in total assets and more than $19 billion in AVR and surplus In 2007. Metlife is the largest insurer in the U.S. based on assets and direct premiums written. SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. The list is ordered by market share, calculated … 35 Largest Life & Health Insurance Companies by Market Cap 2017 Posted January 6, 2017 quantofasia Like banks, if not more than banks, insurance companies benefit from economies of scale and diversification that comes from pooling diverse risks. Update, Insights into the world's most important technology markets, Advertising & Media Outlook Facebook: number of monthly active users worldwide 2008-2020, Smartphone market share worldwide by vendor 2009-2020, Number of apps available in leading app stores 2020, Profit from additional features with an Employee Account. Life Insurance Companies never fail. An analysis of the largest publicly held insurers (including life and P&C and excluding reinsurance only)-- shows that there is a large discrepancy between the largest insurers in terms of price to tangible assets, but less of a discrepancy in price to tangible book value, as shown in the following chart (companies listed from lowest to highest price/tangible assets): Statista. Allianz proved to be the largest insurer worldwide in 2019, with total assets worth approximately 815 billion U.S. dollars. Chart. It had assets worth $500 billion under its management. facts. We will be in touch soon. Top 10 Life Insurance Companies by Premiums Nationwide Mutual … Following are the 10 largest insurance companies in the U.S. ranked by total assets. The company offers a wide array of insurance products and services including life and health insurance, accident insurance, auto insurance, home insurance as well as annuities and retirement and savings products. When listing the largest life insurance companies in the United States there are different ways to categorize them. The New York Life Insurance Company is also known as NYLIC. Tata AIA Life Insurance Company’s asset under management in 2019 is INR 28,430 crores. More than half of the top 100 U.S. companies are currently clients of Pacific Life. $59 per month* SWFI is a minority-owned organization. World’s Largest Insurance Companies Based on 2018 net non-banking assets. The five biggest life insurance companies, based on direct premiums written, are Northwestern Mutual, New York Life, MetLife, Lincoln Financial, and Prudential. It was also one of the leading insurance brands globally. Additionally, we may have updated information that is not yet reflected in this table. Answered on November 3, 2013 New, Everything you need to know about the industry development, Find studies from all around the internet. 17 Issue 38, p114 . If you would like to produce the full rankings page, please reach out to the Research Team. Corporate solution including all features. Sure, you can go online and read life insurance reviews, and you don’t have to choose one of the top 10 best life insurance companies as your carrier. While these are important ways to determine the largest life insurance companies in America it’s not […] Please contact us to get started with full access to dossiers, forecasts, studies and international data. Errors are noted below: Thanks for reaching out. Founded in 1890, it offers property and casualty insurance, life insurance, and asset management services. * John Hancock Life Insurance Company (USA) or JHUSA is a division of Manulife Financial Corporation, a Canadian company. Figures have been rounded. Tata AIA Life Insurance Company is a joint venture between Tata Sons Private Limited, one of the largest business groups and AIA Group Limited, Asia’s largest insurance group. "Largest life insurance companies in the United States in 2019, by assets (in billion U.S. dollars) ." The following is a list of the world's largest publicly traded financial services companies, ordered by annual sales for the latest Fiscal Year that ended March 31, 2018 or prior (Currently all public companies with sales of $20 billion or more are included, while privately held companies are not included). If you are a journalist writing a story, an academic writing a research paper or a manager writing a report, we request that you reach out to us for permission to republish this data. If they get into trouble another life insurance company will take over the assets and liabilities of the troubled company. In, American Council of Life Insurers. Then you can access your favorite statistics via the star in the header. Largest Listed Insurance Companies by Assets 2017 © 2008-2020 Sovereign Wealth Fund Institute. You can list by annual revenue, total assets, number of employees, etc. Are you interested in testing our corporate solutions? The criteria include; by largest writers of premiums, and rank by total assets. Headquartered in London, Legal & General Group is the largest British insurer with total assets of £561 billion. Here are the biggest life insurance companies in the U.S.: Northwestern Mutual, Lincoln Financial, New York Life, MassMutual, Prudential, John Hancock. 1 However, the industry is approaching a critical crossroads. 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, corporate insurance and asset management. 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