Forbes 2023: Top 20 largest insurance companies in the world (2024)
The 2023 edition of "Forbes Global 2000" highlights the upward progression of insurance companies in the annual ranking of the world's leading corporations.
The leading insurer, UnitedHealth Group, moved up seven places to 15th in 2022. Ping An Insurance Group, the list's second-largest insurer, jumped one place to 16th.
Allianz, the third largest insurance company, is ranked 37th largest in the world.
Reinsurers Munich Re and Berkshire Hathaway, big names in the insurance industry, are ranked 114th and 338th in the Forbes 2023 report.
Berkshire Hathaway is the leading insurance company by revenue. Insurance companies offer policies for losses due to accidents, health issues, property damage, and professional liability.
State Farm is currently the largest auto insurer in the U.S. according to the National Association of Insurance Commissioners (NAIC), closely followed by Geico.
State Farm, the nation's largest auto insurer, is also far and away the most sued, according to a recently-released report by data provider Lex Machina.
Executive Life Insurance Company (1991) - One of the largest life insurance companies in the US, it went bankrupt due to investment losses in junk bonds.
State Farm is a top choice if you want a provider with a proven track of customer satisfaction. The company ranks first in JD Power's life insurance customer satisfaction ratings with 843 points out of 1,000. Standout benefits: State Farm's final expense life insurance offers $10,000 to $15,000 in coverage.
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The leading insurer, UnitedHealth Group, moved up seven places to 15th in 2022. Ping An Insurance Group, the list's second-largest insurer, jumped one place to 16th.