Top 10 global insurers – ratings agency announces latest rundown


In response to the record, UnitedHealth got here out on high for the eighth straight yr by managing to develop its web premiums written (NPW) by 12% in 2021 to $226.2 billion. By way of rating by non-banking belongings, Allianz SE maintained its spot from earlier years with $1.2 trillion in non-banking belongings, adopted by Berkshire Hathaway, which managed to rise to second place from fifth.

The highest 10 international insurers ranked by 2021 NPW are:

  1. UnitedHealth Group Integrated, United States
  2. Centene Company, United States
  3. Elevance Well being, Inc., United States
  4. China Life Insurance coverage (Group) Firm, China
  5. Ping An Insurance coverage (Group) Firm of China Ltd., China
  6. Kaiser Basis Group of Well being Plans, United States
  7. AXA S.A., France
  8. Allianz SE, Germany
  9. Folks’s Insurance coverage Firm (Group) of China Ltd., China
  10. Assicurazioni Generali S.p.A., Italy

In the meantime, the highest 10 international insurers ranked by 2021 non-banking belongings are:

  1. Allianz SE, Germany
  2. Berkshire Hathaway Inc., United States
  3. Prudential Monetary Inc., United States
  4. Ping An Insurance coverage (Group) Firm of China Ltd., China
  5. China Life Insurance coverage (Group) Firm, China
  6. AXA S.A., France
  7. Authorized & Common Group plc, United Kingdom
  8. MetLife Inc., United States
  9. Nippon Life Insurance coverage Firm, Japan
  10. Manulife Monetary Group, China

In its evaluation of the rankings, AM Greatest famous that general, there was some reshuffling within the high spots. Notably, US-based well being insurers managed to additional strengthen their main positions, with AM Greatest stating Centene and Elevance Well being (previously Anthem) managing to rise two locations within the NPW rating to return in at second and third, respectively.

Final month, AM Greatest issued a report which discovered that the US P&C trade recorded a $24.3 billion web underwriting loss within the first 9 months of 2022. This loss is down $17.9 billion from 2021, as 8.4% progress in web earned premiums and a 22.3% decline in policyholder dividends have been offset by a 14.0% improve in incurred losses and loss adjustment bills, in addition to a 6.5% improve in different underwriting bills. Points associated to persevering with inflationary pressures and charge adequacy affecting the auto insurance coverage section have been cited because the trigger for the decline in underwriting outcomes throughout the interval.

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