There are a number of ways to rank the size of insurance companies.
Investors can buy shares of publicly traded companies in the insurance industry. The largest insurance companies as of Q1 2014 by market capitalization on the world stock exchanges are:
Non-health Insurance Companies:
Company Name Market Capitalization
Berkshire Hathaway (BRK.A) $308 billion
China Life Insurance (LFC ) $80 billion
Allianz (AZSEY) $76.8 billion
American International Group (AIG) $72.3 billion
Ping An of China (PNGAY) $65.6 billion
MetLife (MET) $59.4 billion
AXA (AXA) $57.8 billion
AIA Group Hong Kong (AAIGF) $54.4 billion
ING Groep (ING) $54.4 billion
Zurich Insurance (ZURVY) $45.4 Billion
Health Insurance and Managed Health Care Companies
| Company Name | Market Capitalization |
| United Healthcare (UNH) | $91.8 billion |
| Wellpoint (WLP) | $34.3 billion |
| Aetna (AET) | $29.8 billion |
| CIGNA Corp. (CI) | $26.8 billion |
| Humana (HUM) | $21.1 billion |
| Centene Corp. (CNC) | $5.7 billion |
Top 5 Life Insurance Companies
| Company | Total Direct Premium | Market Share |
| MetLife (MET) | $11.5 billion | 7.98% |
| Northwestern Mutual | $9.4 billion | 6.55% |
| Prudential of America (PRU) | $8.4 billion | 5.79% |
| New York Life | $7.8 billion | 5.42% |
| Lincoln National | $6.1 billion | 4.27% |
The largest life insurance companies in the U.S.
| Northwestern Mutual
(8.46% market share)
| A++ (superior) |
|
| New York Life Insurance Co.
(5.74% market share)
| A++ (superior) |
|
| MetLife (Metropolitan Life and Affiliated Cos.)
(5.26% market share)
| A+ (superior) |
|
| Lincoln Financial Group
(4.98% market share)
| A+ (superior) |
|
| John Hancock Financial
(4.16% market share)
| A+ (superior) |
|
| Prudential Financial
(3.91% market share)
| A+ (superior) |
|
| MassMutual (Massachusetts Mutual Life Insurance Co.)
(3.82% market share)
| A++ (superior) |
|
| State Farm Life
(3.6% market share)
| A++ (superior) |
State Farm earned the highest marks for life insurance customer satisfaction in a 2015 study by J.D. Power. |
| Transamerica (Aegon USA Group)
(3.57% market share)
| A+ (superior) |
|
| American International Group (AIG)
(2.87% market share)
| A (excellent) |
|
| Guardian Life Insurance Company of America
(2.72% market share)
| A++ (superior) |
|
| Pacific Life
(2.65% market share)
| A+ (superior) |
|
| AXA
(2.56% market share)
| A+ (superior) |
|
| Protective Life
(2.07% market share)
| A+ (superior) |
|
| Voya Financial
(1.94% market share)
| A (excellent) |
|
| Primerica
(1.77% market share)
| A+ (superior) |
|
| Genworth Financial
(1.71% market share)
| B++ (good) | Genworth recently suspended new sales of life insurance and fixed annuities, but still services its existing customers. |
| Sammons Financial Group (Midland National Life & North American Co.)
(1.66% market share)
| A+ (superior) |
|
| Nationwide
(1.46% market share)
| A+ (superior) |
|
| Great-West Life Assurance Co.
(1.24% market share)
| A+ (superior) |
|
When shopping for life insurance, there are good reasons why you might want to go with one of the largest providers out there.
Big life insurance companies generally have long histories and solid financial ratings. This can inspire confidence that they’ll remain in business as long as your policy is in effect — which could be 30 years or more.
When you apply for a New York Life policy online, you:
- Can easily apply within minutes.
- Have no medical exam - acceptance is based on your health information.
- May apply for up to $150,000 in term life insurance or $50,000 in whole life insurance
- A Whole Life Guaranteed insurance policy offers:
- Up to $25,000 in coverage
- Guaranteed coverage for those aged 45-85
- No medical exam or health questions
- No decrease in benefits or increase in premiums
- Builds cash value to borrow against
(1) Before reinsurance transactions, includes some state funds.
(2) Based on U.S. total, includes territories.
(2) Based on U.S. total, includes territories.
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