The five biggest life insurance companies, based on direct premiums written, are Northwestern Mutual, New York Life, MetLife, Lincoln Financial, and Prudential. Here are the biggest life insurance companies in the U.S.: Northwestern Mutual, Lincoln Financial, New York Life, MassMutual, Prudential, John Hancock. There was an error. Please create an employee account to be able to mark statistics as favorites. New York life is among the US’s and the world’s largest mutual life insurance companies, and globally it was ranked by Forbes in 2016 as the 61st in the list of 500 fortune companies. Earlier posts listed 35 large life and health insurers by market cap, and explained how a large percentage of Asian insurers’ assets and profits come from selling expensive cash-value life insurance policies like whole life, especially in Hong Kong. MetLife is not the world's largest life Insurer. Life insurance - additional information Sun Life Financial: View Total Assets: Insurance: North America: 27. Additionally, we may have updated information that is not yet reflected in this table. Manulife Financial is Canada's largest insurance company as measured by revenue, generating $61.4 billion in 2019. Directly accessible data for 170 industries from 50 countries 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. Reply. Chart. You only have access to basic statistics. and over 1 Mio. New, Everything you need to know about the industry development, Find studies from all around the internet. MetLife/Brighthouse Financial, Northwestern Mutual, New York Life, and Prudential are the four largest life insurance companies in the United States, all … In 2019, Prudential Financial was the largest life insurance company in the U.S., with assets amounting to approximately 638 billion U.S. dollars. Statista. Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, pensions, endowments, superannuation funds, family offices, central banks and other long-term institutional investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues. 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. Headquartered in London, Legal & General Group is the largest British insurer with total assets of £561 billion. 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. Largest Indiana Life/Health Insurance Companies. According to Forbes, Allianz is the world’s largest insurance company with assets amounting to $1,060.2 billion. I believe you will find the largest in most categories is Metropolitan Life Insurance Co. better known as … In, American Council of Life Insurers. World’s largest insurance companies ranked by net premiums, assets January 7, 2016 by IFAwebnewsstaff . The New York Life Insurance Company is also known as NYLIC. It was founded in 1845 in New York as Nautilus Insurance Company with an asset worth $17,000. 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”. facts. 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. Answered on November 3, 2013 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. 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. 17 Issue 38, p114 . Metlife is the largest insurer in the U.S. based on assets and direct premiums written. Please log in to access our additional functions, *Duration: 12 months, billed annually, single license, The ideal entry-level account for individual users. (billed annually). While these are important ways to determine the largest life insurance companies in America it’s not […] The largest life insurance companies 2016 have more assets than the other insurance 900 + life insurance companies in America. The criteria include; by largest writers of premiums, and rank by total assets. Register in seconds and access exclusive features. Following are the 10 largest insurance companies in the U.S. ranked by total assets. The European life insurance industry is a cornerstone of the European savings and retirement ecosystem, with €6 trillion in assets as of 2016. Allianz Group, based in Germany, is the world’s largest insurance company in terms of assets. No affiliation or endorsement, express or implied, is provided by their use. American Council of Life Insurers. Here is a list of the largest insurance companies in the United Kingdom in terms of total assets. The list is ordered by market share, calculated … 1- Allianz, $1,060.2 billion. 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. Please authenticate by going to "My account" → "Administration". 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. Top 10 Life Insurance Companies by Premiums Sovereign Wealth Fund Institute® and SWFI® are registered trademarks of the Sovereign Wealth Fund Institute. World’s Largest Insurance Companies Based on 2018 net non-banking assets. Then you can access your favorite statistics via the star in the header. All Rights Reserved. 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 Update, Insights into the world's most important technology markets, Advertising & Media Outlook Largest life insurance companies in the United States in 2019, by assets (in billion U.S. dollars) [Graph]. Please contact us to get started with full access to dossiers, forecasts, studies and international data. © 2008-2020 Sovereign Wealth Fund Institute. American Council of Life Insurers. American Council of Life Insurers. Errors are noted below: Thanks for reaching out. It employs about 8,000 people and offers life and health insurance, general insurance, asset management and pension services. If they get into trouble another life insurance company will take over the assets and liabilities of the troubled company. You have plenty of choices. (December 8, 2020). 1 However, the industry is approaching a critical crossroads. 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. 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. "Largest Life Insurance Companies in The United States in 2019, by Assets (in Billion U.S. 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. Other ways include; total written premium, market capitalization, term sales, universal life sales, whole life sales and annuity […] 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. $59 per month* The largest life insurance company in the United States (by assets) is presently the Metropolitan Life Insurance Company (aka MetLife). December 8, 2020. It was also one of the leading insurance brands globally. It had assets worth $500 billion under its management. Lists the largest life/health insurance companies in Indiana ranked by 1995 life/health insurance assets. It is the tenth largest life insurer in the U.S. in terms of assets. 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). (2020). None. You can list by annual revenue, total assets, number of employees, etc. Shopping for life insurance? 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): UnitedHealth Group Incorporated took the top spot in A.M. Best’s ranking of the world’s 25 largest insurance companies, as measured … 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." Largest Indiana-based life/health insurance companies. Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. 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. Founded in 1890, it offers property and casualty insurance, life insurance, and asset management services. 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. ", 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. Allianz proved to be the largest insurer worldwide in 2019, with total assets worth approximately 815 billion U.S. dollars. Are you interested in testing our corporate solutions? SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. This feature is limited to our corporate solutions. We will be in touch soon. * John Hancock Life Insurance Company (USA) or JHUSA is a division of Manulife Financial Corporation, a Canadian company. Please do not hesitate to contact me. Total assets (US$ Billion) 1 Allianz Germany: 1,190.1 2 Axa France: 918.9 3 Prudential … Largest life insurance companies globally 2020, by market capitalization, Number of life insurance companies in the U.S. 1950-2018, Leading premium writing countries globally 2019, by premiums, Number of mutual life insurance companies in the U.S. 1950-2018. Dollars) . If you would like to produce the full rankings page, please reach out to the Research Team. It has … SWFI is a minority-owned organization. Cullather, Sarah; Ritchie, Petra // Indianapolis Business Journal;12/02/96 Supplement Lists 97, Vol. It is the largest mutual life-insurance company in the United State. Profit from additional features by authenticating your Admin account. Then you will be able to mark statistics as favourites and use personal statistics alerts. The Insurance Information Institute keeps an updated list of the largest life insurance companies. When listing the largest life insurance companies in the United States there are different ways to categorize them. "Largest life insurance companies in the United States in 2019, by assets (in billion U.S. dollars) ." There are a few different ways to rank the largest life insurance companies in addition to assets. 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. Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. Accessed December 28, 2020. https://www.statista.com/statistics/194489/life-insurance-companies-in-the-us-with-most-assets/. The largest life insurer in the world (again by assets) is the Japan Post Insurance Company. Figures have been rounded. Largest Listed Insurance Companies by Assets 2017 Corporate solution including all features. Life Insurance Companies never fail. New, Figures and insights about the advertising and media world, Industry Outlook All material subject to strictly enforced copyright laws. Nationwide Mutual … It is one of the largest life insurers in the world. Tata AIA Life Insurance Company’s asset under management in 2019 is INR 28,430 crores. Learn more about how Statista can support your business. ** Jackson National Life Insurance Company is a subsidiary of UK insurer Prudential plc. More than half of the top 100 U.S. companies are currently clients of Pacific Life.
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