With $106.427 billion in earned premium in 2012, French insurer AXA S.A. has retained its position as the world’s largest insurer, according to ratings agency A.M. Best. UnitedHealth Group Inc. remained in second, with $99.73 billion in earned premium, an 8.42 percent increase over 2011.

With $88.23 billion in earned premium, Germany’s Allianz SE moved into third, up from fourth in 2011. Italy’s Assicurazioni Generali S.p.A. moved into fourth, up from fifth last year, with $83.4 billion in earned premium; and Japan’s National Mutual Insurance Federal Agricultural Coop increased earned premium by more than 10 percent to $74.14 billion in 2012 to round out the top five.

Earned premiums declined by 5.47 percent to $68.84 billion for Japan Post Insurance Co. Ltd., and the company fell out of the top five.

2012 Premium Rank

2011 Premium Rank

Company Name

Country of Domicile

2012 Net Premiums Written   USD (000)

% Change*

1

1

AXA S.A.

France

106,427,371

4.37

2

2

UnitedHealth Group Incorporated1

United States

99,728,000

8.42

3

4

Allianz SE

Germany

88,230,150

4.03

4

5

Assicurazioni Generali S.p.A.

Italy

83,398,971

0.13

5

6

National Mut Ins Fed Agricultural Coop

Japan

74,142,362

10.53

6

3

Japan Post Insurance Co., Ltd.

Japan

68,836,419

-5.47

7

9

Munich Reinsurance Company

Germany

66,319,993

4.80

8

...

Prudential Financial Inc

United States

65,354,000

168.94

9

12

China Life Insurance (Group) Company

China

58,719,710

4.01

10

10

State Farm Group2

United States

57,617,962

1.88

11

7

Nippon Life Insurance Company

Japan

56,978,881

-0.41

12

13

Kaiser Foundation Group of Health Plans3

United States

56,781,093

5.96

13

11

WellPoint Inc.

United States

56,567,400

0.50

14

18

Prudential plc

United Kingdom

47,540,387

16.33

15

15

Zurich Insurance Group Ltd

Switzerland

47,495,000

8.81

*                Percent change is based upon local currency             

1               Premiums shown are earned premiums    

2               Premiums shown are for U.S. companies only            

3               A. M. Best consolidation   

2012 Asset Rank

2011 Asset Rank

Company Name

Country of Domicile

2012 Total Non-Banking Assets USD (000)

% Change*

1

1

Japan Post Insurance Co., Ltd.

Japan

960,710,306

-3.44

2

2

AXA S.A.

France

951,705,253

5.03

3

3

Allianz SE

Germany

865,621,706

8.78

4

4

MetLife Inc

United States

836,781,000

5.09

5

5

Prudential Financial Inc

United States

709,298,000

14.36

6

6

Nippon Life Insurance Company

Japan

585,858,789

7.82

7

9

Assicurazioni Generali S.p.A.

Italy

583,898,541

4.42

8

10

Legal & General Group Plc

United Kingdom

559,899,457

6.06

9

8

American International Group, Inc

United States

548,633,000

-0.80

10

7

National Mut Ins Fed Agricultural Coop

Japan

544,270,168

6.36

11

11

AVIVA plc

United Kingdom

516,312,146

2.23

12

15

Prudential plc

United Kingdom

501,617,050

13.75

13

12

Manulife Financial Corporation

Canada

487,708,590

5.21

14

13

Aegon N.V.

Netherlands

483,934,772

6.01

15

16

CNP Assurances

France

466,810,721

10.04

* Percent change is based upon local currency

Related content: Ratings Corner

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