UnitedHealth Group Incorporated occupied the top spot in AM Best's ranking of the world's 25 largest insurance companies for a sixth straight year, with $189.7 billion in net premiums written (NPW) in 2019. In addition, Allianz SE and Prudential Financial, Inc. jumped ahead of AXA S.A. into the No. 1 and No. 2 spots, respectively, in AM Best's ranking by 2019 non-banking assets.
AM Best released the rankings of the world's largest global insurance companies, by NPW and non-banking assets, in the Jan. 4, 2021, issue of BestWeek. The two rankings are based on BestLink data and additional research. Overall, the annual non-banking ranking saw some reshuffling in the Top 5, while the leading five companies in the NPW ranking remained in their spots from the previous year.
CVS Health Corp. Group moved up in the NPW ranking for a second-straight year, driven predominantly by its acquisition of Aetna Inc., climbing to No. 16 from No. 20. In the latest non-banking asset ranking, UK-based Prudential plc dropped to No. 20 from No. 8 in the previous ranking, following completion of its demerger with investment management business M&G plc.
The top 10 global insurers ranked by 2019 NPW are as follows:
UnitedHealth Group Incorporated, United States Ping An Insurance (Group) Company of China Ltd., China AXA S.A., France China Life Insurance (Group) Company, China Kaiser Foundation Group of Health Plans, United States Anthem, Inc., United States Allianz SE, Germany People's Insurance Company (Group) of China Ltd., China Assicurazioni Generali S.p.A., Italy Centene Corporation, United States
The top 10 global insurers ranked by 2019 non-banking assets are as follows:
Allianz SE, Germany Prudential Financial Inc., United States AXA S.A., France Berkshire Hathaway Inc., United States Nippon Life Insurance Company, Japan MetLife Inc., United States Legal & General Group plc, United Kingdom Ping An Insurance (Group) Company of China Ltd., China Japan Post Insurance Co., Ltd., Japan China Life Insurance (Group) Company, China
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AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in New York, London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.
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SOURCE: AM Best
Patricia Vowinkel Executive Editor, BestWeek +1 908 439 2200, ext. 5540 firstname.lastname@example.org