If you are curious about the world's largest insurance company, here is the answer for you! With assets of USD 1,103.90 billion and a market capitalization of USD 104.4 billion, Allianz is the largest insurance company by asset size and market cap in the world. Allianz is a German international financial services corporation with its headquarters in Munich. Through its insurance division, Allianz has customers in over 70 countries, and it surpassed AXA as the world's largest insurance company by asset size.

In addition, Allianz operates in a number of countries, including the United States, Canada, Germany, Belgium, Australia, and other countries. Besides, Allianz's major areas of expertise are asset management and insurance.

Some of Allianz Subsidiaries:

• Allianz France
• Allianz Worldwide Care
• Allianz Global Investors
• Risklab
• Allianz Global Assistance
• Allianz Insurance plc
• Allianz Global Corporate and Specialty
• Allianz Life
• Club Marine
• Hunter Premium Funding
• Allianz Marine & Transit
• Euler Hermes
• Mondial Assistance Group
• Allianz Technology

Founded: 1890

Headquarters: Munich, Germany

Asset Value: USD 1,103.90 billion

Revenue: USD 143.9 billion

Market Cap: USD 104.4 billion

Number of Employees: 147,268

Website: allianz.com

With a market capitalization of USD 67 billion, AXA is ranked second on the list of the largest insurance companies. AXA is a Paris-based multinational insurance company with a strong presence in worldwide insurance, investment management, and other financial services. In addition, AXA's revenue was USD 113.1 billion, making it one of the world's largest insurance businesses by revenue. AXA also has total assets of approximately USD 1,011.4 trillion as of 2020.

AXA has operated in many different markets, including Western Europe, the Asia-Pacific area, North America, the Middle East, and Africa. As one of the world's largest insurers, AXA’s mission is to promote human progress by safeguarding what matters.

Some of AXA Products and Services:

• Life Insurance
• Health Insurance
• Property Insurance
• Casualty Insurance
• Investment Management

Founded: 1816
Headquarters: 25 Avenue Matignon, Paris, France
Asset Value: USD 1,011.4 billion
Revenue: USD 113.1 billion
Market Cap: USD 67 billion
Number of Employees: 125,934
Website: axa.com

Prudential Financial is a US-based insurance and asset management company. This insurance company is ranked third on the list of the largest insurance businesses in the globe. Prudential Financial offers retail and institutional customers financial products and services, not only in the United States but also in over 40 other countries. In addition, Prudential Financial is a global life insurance company with assets of USD 896 billion and a market capitalization of USD 39 billion.

Prudential Financial has been helping individuals and institutions grow and safeguard their wealth for over 145 years. As one of the most admired businesses in the world, they are known for keeping their promises and bringing good things to their consumers.

Some of Prudential Financial Products and Services:

• Life Insurance
• Mutual Funds
• Retirement
• Annuity
• Real Estate

Founded: 1875

Headquarters: Prudential Plaza, Newark, New Jersey, USA

Asset Value: USD 896 billion

Revenue: USD 59.6 billion

Market Cap: USD 39 billion

Number of Employees: 49,705

Website: prudential.com

Berkshire Hathaway is an American multinational business led by Warren Buffet. This insurance company is in fourth place among the largest insurance companies in the world by asset size. The headquarters of Berkshire Hathaway is in Omaha, Nebraska. Berkshire Hathaway is the world's largest financial services firm by revenue, with USD 247.5 billion, and the world's fourth-largest global insurer, with USD 817 billion in assets, as of 2020. With a market capitalization of USD 554 billion, Berkshire Hathaway is considered one of the largest insurance companies in the world.

Berkshire Hathaway's revenues are primarily derived from wholly owning or controlling a minority stake in a number of top-tier companies, including GEICO, Duracell, Dairy Queen, Forest River, BNSF, Lubrizol, Helzberg Diamonds, Fruit of the Loom, FlightSafety International, Long & Foster, Pampered Chef, and NetJets.

Some of Berkshire Hathaway Products and Services:

• Diversified Investments
• Property & Casualty Insurance
• Utilities
• Restaurants
• Food Processing
• Aerospace
• Toys
• Media
• Automotive
• Sporting Goods
• Consumer Products
• Internet
• Real Estate

Founded: 1839
Headquarters: Kiewit Plaza, Omaha, Nebraska, USA
Asset Value: USD 817 billion
Revenue: USD 247.5 billion
Market Cap: USD 554 billion
Number of Employees: 389,300
Website: berkshirehathaway.com

MetLife is the next name on the list of the largest insurance companies in the world, with a market capitalization of USD 47.4 billion and assets of USD 740.4 billion. On March 24th, 1868, a firm dedicated to providing financial security to working-class Americans launched operations. MetLife has since helped generations of consumers protect their property, savings, families, and futures all around the world.

With 90 million customers in over 60 countries, MetLife is a global supplier of insurance, annuities, and employee benefit programs. Over the world, MetLife companies sell accident, life, and health insurance, as well as savings and retirement products, through agents, third-party distributors like banks and brokers, and direct marketing channels.

Some of MetLife Products and Services:

• Insurance
• Annuities
• Employee Benefits

Founded: 1868

Headquarters: New York, USA

Asset Value: USD 740.4 billion

Revenue: USD 67.94 billion

Market Cap: USD 47.4 billion

Number of Employees: 48,000

Website: metlife.com

With assets of USD 710.9 billion, Nippon Life is the next name on the list of the world's largest life insurance firms. In addition, Nippon Life is Japan's largest life insurance company by revenue, with over 70,519 employees.

Nippon Life Assurance Co., Inc. was created in July 1889, and the name was changed to Nippon Life Assurance Co., Ltd. in 1891. A premium table based on unique Japanese mortality statistics was established when the company was founded. Simultaneously, Nippon Life became the first Japanese life insurer to offer profit dividends to policyholders, exemplifying the concept of mutual aid.

Some of Nippon Life Products and Services:

• General Insurance
• Life Insurance
• Health Insurance
  

Founded: 1889
Headquarters: Chūō-ku, Osaka, Japan
Asset Value: USD 740.4 billion
Revenue: USD 58.23 billion
Number of Employees: 70,519
Website: nissay.co.jp

Japan Post Insurance is ranked seventh among the top ten largest insurance firms in the world. Japan Post Insurance is a Japanese global life insurer that was the fourth largest in the world in 2011. With assets of USD 666.6 billion, Japan Post Insurance is the world's seventh-largest insurance firm by asset size.

As the life insurance firm within the Japan Post Group of companies, Japan Post Insurance Co., Ltd. began operations on October 1, 2007. Japan Post Insurance, as part of the Japan Post Group, provides dependable insurance services to its customers, serving individual customers through Japan Post Co., Ltd.'s nationwide network of post offices and corporate customers through sales offices handled directly by the company.

Japan Post Insurance Products and Services:

• Life Insurance
  

Founded: 2006
Headquarters: Tokyo, Japan
Asset Value: USD 666.6 billion
Number of Employees: 5,400
Website: jp-life.japanpost.jp

Prudential plc is a British multinational life insurance and financial services firm with headquarters in London, United Kingdom. This insurance company is ranked eighth on this list of the world's largest insurance companies. With over 20 million customers, this insurance company is best recognized as a global life insurance provider. In addition, Prudential plc's assets totaled USD 646.2 billion, with revenues of USD 93.47 billion.

Prudential plc’s mission is to help people make the most of their lives by making healthcare more inexpensive and accessible, as well as encouraging financial inclusion. To do that, they help customers safeguard their assets, build their assets, and save for their future aspirations.

Some of Prudential plc Products and Services:

• Life Insurance
• Investment Management
• Consumer Finance

Founded: 1848
Headquarters: London, UK
Asset Value: USD 646.2 billion
Revenue: USD 93.74 billion
Number of Employees: 23,792
Website: prudentialplc.com

Legal & General is a British multinational financial services firm based in London, England, UK. Investments, lifelong mortgages, pensions, annuities, life insurance, and general insurance are all offered by the company. Legal & General is one of the world's largest insurance businesses, with assets of USD 625.7 billion.

Legal & General has been providing financial services to people throughout the UK for over 185 years. Their expertise lies in asset management and origination, longevity risk, and technological innovation, and they are today a global provider of retirement solutions to corporations and people. Moreover, their mission is to improve the lives of their customers, contribute to a more sustainable society, and generate value for their shareholders. This motivates them to put their long-term assets to work for everyone in their communities, both economically and socially.

Founded: 1836
Headquarters: London, England, UK
Asset Value: USD 625.7 billion
Revenue: USD 83.68 million
Website: group.legalandgeneral.com

Ping An Insurance is a Chinese holding company that deals with global insurance and other financial services. This insurance company also rounds out our list of the largest insurance companies in the world. Ping An Insurance is one of the world's largest insurers, with assets of more than USD 620.4 billion in its insurance aspect.

The company was created 32 years ago in Shenzhen, China, and is now one of the Shanghai Stock Exchange's top 50 corporations. Ping An aspires to create more shared benefits for all stakeholders by actively assisting industry and society in becoming more resource-friendly and society-friendly. Ping An became the first asset owner in China to join the United Nations-backed Principles for Responsible Investment in 2019. Ping An was also the first Chinese asset owner to join Climate Action 100+, an investor campaign started in 2017 to guarantee that the world's greatest corporate greenhouse gas emitters take the necessary climate action.

Some of Ping An Insurance Group’s Products and Services:

• Life and Health Insurance
• Property and Casualty
• Banking
• Asset Management
• Fintech
• Healthtech
  

Founded: 1988
Headquarters: Shenzhen, China
Asset Value: USD 620.4 billion
Revenue: USD 163.6 billion
Market Cap: USD 211.4 billion
Number of Employees: 190,000
Website: pingan.cn