World's Largest Insurance Companies by Assets 2024
The global insurance landscape is dominated by a handful of financial giants that manage trillions of dollars in assets. These organizations provide the critical financial safety nets that support global trade, infrastructure, and individual security. According to the 2025 report from AM Best, a leading credit rating agency specializing in the insurance industry, the rankings of the world's largest insurers by 2024 assets reveal a highly competitive market spread across Europe, North America, and Asia.
Key Facts
- Allianz holds the top position globally with assets totaling US$ 1,085.2 billion.
- Only two companies—Allianz and Berkshire Hathaway—have surpassed the trillion-dollar asset mark.
- The United States, China, and Japan are the primary hubs for the world's largest insurance providers.
- The top 25 list includes a diverse mix of life, property, and casualty insurance specialists.
Analyzing the Global Leaders
The current rankings highlight a tight race for the top spot. Germany's Allianz leads the pack, closely followed by the United States' Berkshire Hathaway. These two entities represent the pinnacle of asset accumulation in the sector, both exceeding US$ 1 trillion in total assets.
China also maintains a powerful presence in the top five, with China Life Insurance and Ping An Insurance demonstrating the massive scale of the Chinese domestic market. These firms leverage huge populations and growing economic activity to maintain their high rankings.
[ไม่มีภาพประกอบ]Regional Distribution of Assets
While the US and China hold several top spots, Europe remains a powerhouse of insurance stability. Companies like Axa (France), Legal & General (United Kingdom), and Assicurazioni Generali (Italy) show the enduring strength of the European financial sector. Meanwhile, Japan's influence is evident through the presence of Nippon Life, Japan Post Insurance, and Dai-ichi Life.
Comprehensive Asset Rankings
The following table provides a detailed breakdown of the 25 largest insurance companies based on their 2024 assets as reported by AM Best.
| Rank | Company | Country | Total Assets (US$ Billion) |
|---|---|---|---|
| 1 | Allianz | Germany | 1,085.2 |
| 2 | Berkshire Hathaway | United States | 1,069.9 |
| 3 | China Life Insurance | China | 957.8 |
| 4 | Ping An Insurance | China | 848.1 |
| 5 | Prudential Financial | United States | 721.1 |
| 6 | Axa | France | 711.3 |
| 7 | MetLife | United States | 687.5 |
| 8 | Legal & General | United Kingdom | 664.7 |
| 9 | Manulife Financial | Canada | 660.9 |
| 10 | Nippon Life | Japan | 645.1 |
| 11 | Assicurazioni Generali | Italy | 663.9 |
| 12 | American International Group | United States | 596.1 |
| 13 | Life Insurance Corporation | India | 560.3 |
| 14 | Japan Post Insurance | Japan | 551.0 |
| 15 | CNP Assurances | France | 547.0 |
| 16 | Dai-ichi Life | Japan | 540.4 |
| 17 | Aegon N.V. | Netherlands | 531.0 |
| 18 | Credit Agricole Assurances | France | 502.7 |
| 19 | Great-West Lifeco | Canada | 493.4 |
| 20 | Aviva | United Kingdom | 483.6 |
| 21 | JA Kyosai | Japan | 481.7 |
| 22 | Zurich Insurance Group | Switzerland | 435.8 |
| 23 | New York Life Insurance Company | United States | 428.6 |
| 24 | Meiji Yasuda Life | Japan | 395.4 |
| 25 | Lincoln Natl Corp | United States | 387.3 |
Frequently Asked Questions
Which insurance company has the most assets globally?
As of the 2025 AM Best report, Allianz from Germany is the largest insurance company in the world, with total assets of US$ 1,085.2 billion.
How many insurance companies have assets exceeding one trillion US dollars?
Two companies have reached this milestone: Allianz and Berkshire Hathaway.
Which countries have the highest representation in the top 25?
The United States, Japan, and China are among the most represented countries, with several firms each appearing in the top 25 rankings.
What is the source of this asset data?
The data is based on the 2025 report of the 25 largest insurance companies in the world by 2024 assets, provided by AM Best.
Who is the largest insurance provider in China?
China Life Insurance is the largest in China, ranking 3rd globally with US$ 957.8 billion in assets.