AM Greatest ranks insurers by NPW and nonbanking belongings
UnitedHealth Group has retained its number-one slot in AM Greatest’s rating of the world’s 25 largest insurance coverage corporations for the ninth straight 12 months, in line with the credit standing company. UnitedHealth grew its web premiums written (NPW) by 14% in 2022 to US$257.2 billion.
In the meantime, Allianz SE retained its prime spot for nonbanking belongings at US$1.1 trillion, regardless of a ten% lower from the earlier 12 months, AM Greatest reported.
The rankings of the world’s largest world insurance coverage corporations, by each NPW and nonbanking belongings, had been launched within the January 2024 concern of Greatest’s Evaluate.
In accordance with AM Greatest, the highest 10 insurers by NPW had been dominated by well being insurers, with US-based well being corporations accounting for 4 of the highest 5. Centene Well being retained its number-two place, with NPW rising 13.2%. Elevance Well being, at quantity three, additionally retained its place with NPW rising 13.5%. Kaiser Basis Group of Well being Plans rose to quantity 4, whereas Ping An Insurance coverage (Group) Firm of China held regular at quantity 5. The one insurer within the prime 25 that noticed its NPW fall was China Life Insurance coverage (Group) Co., which slid from fourth to sixth place.
Life insurers dominated the highest 25 by nonbanking belongings, with seven of the highest 10 offering life insurance coverage merchandise. Ping An rose from fourth to second place as its belongings spiked 11.4% to US$960.7 billion in 2022. Berkshire Hathaway fell from quantity two to quantity three, whereas China Life Insurance coverage (Group) Firm rose from fifth to fourth place. AXA S.A. took the number-five slot, whereas Prudential Monetary fell from quantity three to quantity six as its belongings tumbled by 26.4%.
Prime 10 world insurers by 2022 NPW:
- UnitedHealth Group, United States
- Centene Company, United States
- Elevance Well being, United States
- Kaiser Basis Group of Well being Plans, United States
- Ping An Insurance coverage (Group) Firm of China, China
- China Life Insurance coverage (Group) Firm, China
- AXA S.A., France
- Allianz SE, Germany
- Humana, United States
- State Farm Group, United States
Prime 10 world insurers by 2022 nonbanking belongings:
- Allianz SE, Germany
- Ping An Insurance coverage (Group) Firm of China, China
- Berkshire Hathaway, United States
- China Life Insurance coverage (Group) Firm, China
- AXA S.A., France
- Prudential Monetary, United States
- MetLife, United States
- Nippon Life Insurance coverage Firm, Japan
- Manulife Monetary Group, China
- Authorized & Normal Group, United Kingdom
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