The latest rankings, released in the January 2024 issue of Best’s Review, showcase UnitedHealth Group’s consistent performance as the top insurer for the ninth consecutive year. The company witnessed a remarkable 14% growth in net premiums written (NPW), reaching $257.2 billion in 2022.Allianz SE, while experiencing a 10% decrease from the previous year, secured its leading spot in nonbanking assets, maintaining a substantial $1.1 trillion. The rankings are based on BestLink data and additional research.
Top 10 Insurers by NPW
- UnitedHealth Group Incorporated, United States
- Centene Corporation, United States
- Elevance Health, Inc., United States
- Kaiser Foundation Group of Health Plans, United States
- Ping An Insurance (Group) Company of China Ltd., China
- China Life Insurance (Group) Company, China
- AXA S.A., France
- Allianz SE, Germany
- Humana Inc., United States
- State Farm Group, United States
Top 10 Insurers by Non-Banking Assets:
- Allianz SE, Germany
- Ping An Insurance (Group) Company of China Ltd., China
- Berkshire Hathaway Inc., United States
- China Life Insurance (Group) Company, China
- AXA S.A., France
- Prudential Financial Inc., United States
- MetLife Inc., United States
- Nippon Life Insurance Company, Japan
- Manulife Financial Group, China
- Legal & General Group plc, United Kingdom
The rankings showcase a reshuffling at the top of AM Best’s annual list, with life insurers continuing to dominate the non-banking assets category.
Source: AM Best
