PR Newswire
NEW YORK, Dec. 12, 2023
European-headquartered life insurance companies take 21 of 50 spots while American companies record 20 of top 50 listings in the property and casualty rankings
NEW YORK, Dec. 12, 2023 /PRNewswire/ -- The World's Largest Life and Property and Casualty Insurer Rankings, published by S&P Global Market Intelligence, an inaugural global ranking of the 50-largest life and property and casualty (P&C) insurers, found that European-headquartered companies dominated the rankings of life insurance companies while American companies took a majority of the top 50 spots on the P&C list. State Farm Mutual Automobile Insurance Co. ranked as the largest global property and casualty insurer, while Allianz SE took the top spot as the largest life insurance company in the world.
"The insurance industry continues to play a fundamental role in providing security to individuals, families and businesses around the world," said Tim Zawacki, principal research analyst at S&P Global Market Intelligence. "Our lists of the largest P&C and life insurers identify those companies that figure most prominently in this critical capacity at a time of geopolitical unease, a changing climate and emergence from a global pandemic."
Life Insurers:
Property and Casualty:
The World's Largest Life Insurers Rankings are based on 2022 life and accident & health reserves. The World's Largest Property and Casualty Insurance Rankings are based on 2022 property and casualty gross premiums written where available; property and casualty gross premiums earned, net premiums written, net premiums earned, or statutory direct premiums written are used respectively when a company did not report gross premiums written.
Click here to view the S&P Global Market Intelligence 2023 World's Largest Life Insurers Ranking; click here to view the S&P Global Market Intelligence 2023 World's Largest P&C Insurers Ranking.
S&P Global Market Intelligence's opinions, quotes, and credit-related and other analyses are statements of opinion as of the date they are expressed and not statements of fact or recommendation to purchase, hold, or sell any securities or to make any investment decisions, and do not address the suitability of any security.
About S&P Global Market Intelligence
At S&P Global Market Intelligence, we understand the importance of accurate, deep and insightful information. Our team of experts delivers unrivaled insights and leading data and technology solutions, partnering with customers to expand their perspective, operate with confidence, and make decisions with conviction.
S&P Global Market Intelligence is a division of S&P Global (NYSE: SPGI). S&P Global is the world's foremost provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help many of the world's leading organizations navigate the economic landscape so they can plan for tomorrow, today. For more information, visit www.spglobal.com/marketintelligence.
Media Contact:
Katherine Smith
S&P Global Market Intelligence
P. +1 781 301 9311
E. [email protected]
View original content to download multimedia:https://www.prnewswire.com/news-releases/sp-global-market-intelligence-releases-inaugural-global-rankings-of-the-largest-life-and-property-and-casualty-insurers-302011828.html
SOURCE S&P Global Market Intelligence
We use cookies to tailor your experience, measure site performance and present relevant offers and advertisements. By clicking ‘Accept’ or any content on this site, you agree that cookies can be placed on your browser. You can view our privacy policy to learn more.
If you would like to get more data, alerts and access to Real Vision videos, join us as an Insider Tracking Advantage Ultra member