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
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