12 Most Valuable Insurance Companies In The World


Insurance remains one of the most important industries in the world. Its importance comes to light in case of loss of life, fire, loss of real estate, natural disasters and health problems. Even though the insurance industry has faced uncertainty and major losses because of the pandemic, the most valuable insurance companies in the world have managed to stand strong and have a collective market cap of $1.4 trillion combined.

Here is a summary of the 12 Most Valuable Insurance Companies In The World according to Insider Monkey.

Legal & General is a huge insurance company in the UK, which sold its general insurance business to Allianz in 2020. The company had revenues of more than 50 billion pounds in 2020. Aviva is another British company who has 31,000 employees and reported revenues of nearly 47 billion pounds in 2020.

Assicurazioni Generali is an Italian insurance company and is one of the largest in the world having been founded 190 years ago in 1831. Its total revenues is 94 billion euros in 2019 while its net income was worth 2.67 billion euros. The biggest competitors of the company are Axa and Allianz. Prudential Financial maintains operations in the U.S. as well as at least 40 other countries, serviced by its more than 50,000 employees. The company was founded 146 years ago in 1875 and is comprised of hundreds of subsidiaries, which hold at least $4 trillion if not more in life insurance.

Manulife Financial has more than 34,000 employees in addition to more than 60,000 agents under contract and more than $935 billion in assets under management. The company recorded revenues of close to 40 billion in Canadian dollars, with assets under management excluding $1 trillion. MetLife was founded 153 years ago in 1868 and has leading market positions in various countries including the United States, Latin America, Japan, Europe, the Middle East and Asia Pacific. It serves more than 90 million customers world wide.

Prudential plc is an insurance company in the UK, different from Prudential Financial, and was founded 173 years ago in 1848. The company has at least 20 million life customers and operations in at least 14 countries, with revenues of more than $55 billion in 2020 and more than 23,000 employees as per the latest count. Axa has operations  in North America, Asia-Pacific, Western Europe, the Middle East and Africa.  It was founded 205 years ago in 1816 and had revenues of more than 103 billion euros in 2019 alone. The company has over 120,000 employees.

Allianz’ asset management division has assets worth nearly $2 trillion under management. The German company was established 131 years ago in 1890. China Life Insurance was founded 72 years ago in 1949, and has nearly 100,000 employees. 70% of the company is owned by the state, and it is the  biggest insurance company in China in terms of assets.

Ping An Insurance operates in banking and financial services too, but its primary business is insurance. The Chinese company was established 33 years ago in 1988 and is one of the biggest companies in the world, regardless of the industry. Berkshire Hathaway is an insurance company owned by Warren Buffet and is known to have the most expensive share price in history, with each share costing around $400,000 each.

Read more of Insider Monkey’s 12 Most Valuable Insurance Companies In The World here.