Forbes Global ranks the largest companies in the world using four metrics: sales, profits, assets, and market value.
Market turbulence has pushed down the minimum market value to be considered for the 2024 list to $8.3 bn compared to $7.8 bn in 2023, but the minimum for all other metrics is up over last year.
As a group, the companies on the 2024 account for $47.6 trillion in revenues, $5 trillion in profits, $233.7 trillion in assets and $76.5 trillion in market cap. There are 60 countries represented on the 2024 list. The United States has the most with 590 companies, followed by China/Hong Kong (351) and Japan (196).
TOP 25 Global Insurers by Forbes
№
Insurers
Country
Assets, mn$
Change, %
1
Allianz
Germany
1,050,762
-10.6
2
Ping An Ins (Group) Co of China
China
960,678
11.4
3
Berkshire Hathaway
United States
948,452
-1.1
4
China Life Ins (Group) Co
China
885,019
6.8
5
AXA
France
713,622
-10.5
6
Prudential
United States
689,917
-26.4
7
MetLife
United States
666,611
-12.3
8
Nippon Life Ins Co
Japan
660,498
-0.9
9
Manulife Finl Corp
Canada
626,832
-7.5
10
Legal & Gen Group
United Kingdom
619,092
-11.9
11
Assicurazioni Generali
Italy
554,201
-11.5
12
Life Ins Corp of India
India
553,797
7.6
13
Amer Intl Group
United States
526,634
-11.7
14
Great-West Lifeco
Canada
517,933
11.3
15
CNP Assurances
France
482,853
-6.4
16
Japan Post Ins
Japan
472,687
-6.7
17
Dai-ichi Life Hldgs
Japan
464,329
-6.5
18
Natl Mut Ins Fed Agricultural Coop
Japan
438,835
-0.9
19
Crédit Agricole Assurances
France
437,112
-7.8
20
Aegon
Bermuda
428,087
-14.5
21
New York Life Group
United States
405,318
3.2
22
Aviva plc
United Kingdom
380,321
-12.0
23
Zurich Ins Group
Switzerland
377,782
-13.3
24
Meiji Yasuda Life
Japan
367,834
1.2
25
TIAA Group
United States
365,300
1.4
This table provides an overview of the leading global insurance companies based on their assets and recent changes in their valuations.
Munich Re (reinsurer) and Berkshire (ranked in the “investment and services” category) do not ap-pear in the Forbes ranking of insurers.
……………….
Fact-checked by Oleg Parashchak – Editor-in-Chief Beinsure Media, CEO Finance Media Holding
It is considered the top insurance company in India. The market capitalisation of LIC stands at Rs. 651,032.01 cr., positioning it as a major player in the large-cap segment.
Life Insurance Corporation of India (LIC) is termed as the strongest insurance brand with a steady brand value of $9.8 billion, a brand strength index score of 88.3, and an associated AAA brand strength rating, notes a report by Brand Finance Insurance 100 2024.
Executive Life Insurance Company is regarded to be the biggest bankruptcy of an insurance company in the United States in the course of recent years. Based in California, the life company had to file for bankruptcy in 1991 following disastrous investments in junk bonds.
Hamburger Feuerkasse (English: Hamburg Fire Office) is the first officially established fire insurance company in the world, and the oldest existing insurance enterprise available to the public, having started in 1676.
1. Warren Buffett. Buffett once again secures the top spot on the list of the country's wealthiest insurance tycoons. The man known as the “Oracle of Omaha” currently sits in the tenth spot of Forbes' overall rankings with a net worth of $103.6 billion.
The Guinness record holder: The most valuable life insurance policy ever sold, according to Guinness World Records, is valued at a total of $201 million, on the life of a well-known U.S. billionaire who resides in the Silicon Valley area of California and is actively known in the technology space.
Introduction: My name is Errol Quitzon, I am a fair, cute, fancy, clean, attractive, sparkling, kind person who loves writing and wants to share my knowledge and understanding with you.
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