Top 10 Life Insurance Companies In The World 2020

Top 10 Life Insurance Companies In The World 2020 - The 20 largest insurance companies in the world - According to the 2020 annual report, the 20 largest insurance companies in the world are. Granted, these are big companies with over a billion dollars in assets and tons of profits. Maybe we all know these companies and their history from time to time. Insurance companies are businesses that provide risk coverage services that indemnify a third party against loss, damage, loss, loss of profit, or liability due to an unspecified event. All third parties can rely on insurance companies with unforeseen risks in the future.

In our unpredictable life, people or companies can reduce various risks, such as traffic accidents, diseases, natural disasters and others. This risk could disrupt our operations and activities and affect our internal finances. With the role of the insurance company, these potentially large losses can be reduced or reduced so that it can save our budget. But in our world there are a million insurance companies with a variety and variety of products. They market these products to people all over the world to help people's lives. Of all the insurance companies in the world, only a few are among the largest. These indices are measured by the net profit/income generated by the companies. Here are the 20 largest insurance companies in the world based on the annual report published in 2020.

Top 10 Life Insurance Companies In The World 2020

As additional data, we have also published the financial situation of each company. This data describes the asset and liability terms of the company's balance sheet in 2020. Here is the liability asset position of the insurance company in 2020.

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Historically, the company was founded in 1988 by Ma Mingze. As of now, the head office of this company is in Shenzhen, China. In 2020, the China-based company's revenue is RMB 1321 billion or the equivalent of US$211 billion, while the net income or realized profit reached RMB 159 billion or the equivalent. of 25 billion US dollars. Overall, this net income and profit is the largest among insurance companies.

Allianz SE is one of the largest insurance companies in 2020. Historically, it was founded on February 5, 1890 by Carl von Thiem. Geographically, the company is headquartered in Munich, Germany In 2020, the Germany-based company's revenue is €119 billion or the equivalent of US$138 billion, while net income or the profit achieved reached seven billion euros or the equivalent of 8.2 . billions of US dollars.

China Life Insurance is the second largest insurance company in China. Historically, China Life Insurance was founded in 1949 and is still headquartered in Beijing, China. Financially, based on the 2020 annual report, the company's revenue reaches RMB 804 billion or the equivalent of US$128 billion, while the profit is about RMB 51 billion or the equivalent of 8.2 billion US dollars.

MetLife Inc is one of the oldest and largest insurance companies in the world. Historically, the company was founded on March 24, 1868. Geographically, the company's headquarters are located at the MetLife Building, New York, USA. In 2020, according to the annual report, the revenue reaches 67 billion US dollars and the profit is about 5.4 billion US dollars.

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Manulife is the largest in Canada with billions of customers and revenues. The company was founded on June 23, 1887 and is still headquartered in Toronto, Ontario, Canada. In 2020, according to its annual report, the revenue in 2020 is about seventy billion Canadian dollars or the equivalent of 63 billion US dollars, while the profit reaches five billion Canadian dollars or the equivalent of 4 .4 billion US dollars.

Aviva plc is a British multinational insurance company headquartered in London; England was founded in 2000. In 2020, Aviva Plc has a positive performance with revenues of £29 billion or the equivalent of £39 billion, while profits reach £2 billion or 3 .9 billion US dollars.

Zurich Insurance Group AG is a Swiss insurance company headquartered in Zurich. Historically, the company was founded in 1872 and is still headquartered in Zurich, Switzerland. Zurich Insurance is a Switzerland-based company with positive business results in 2020. Based on the 2020 annual report, the company's turnover reaches 59 billion US dollars and the profit is around 3.8 billion US dollars.

Axa is a company based in France founded in 1816 by its founder Claude Baber. The company has a long history in the financial sector, particularly in the insurance sector. In 2020, financially, based on its published annual report, the company has a turnover of 96 billion euros, equivalent to 112 billion US dollars, and profits reached three billion euros, or the equivalent of 3.6 billion US dollars.

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Dai-ichi Life Insurance Company, Limited or Dai-ichi Seimei Hoken Kabushiki-Kaisha (Japanese language) is one of the largest insurance companies in Japan. It was founded on September 15, 1902 by Suneta Yano. In 2020, the company's revenue reached 7,827 billion yen or the equivalent of 70 billion US dollars, and the company's profit reached 363 billion yen or the equivalent of 3.2 billions of US dollars.

Assicurazioni Generali S.p.A. Or simply known as Generali Group is based in Trieste, Italy. It was established in 1831. With the development of the company's business, in 2020 the company's turnover reaches eighty-five billion euros or its equivalent with 98 billion US dollars and the company's profit reaches two billion euros or its equivalent with 3.1. billions of US dollars.

Prudential Financial or formerly known as the "Friendly Assurance Company" was founded in New Jersey in 1875 by John Dryden. The company is still headquartered in Newark, New Jersey, USA. In 2020, based on its annual report, the company's revenue is about 55 billion US dollars and net profit reaches 2 billion US dollars.

Legal & General Group plc, commonly known as Legal & General, is a British multinational insurance company headquartered in London, England. In 2020, the turnover of this company is approximately fifty billion pounds sterling or the equivalent of 68 billion US dollars and the profit or net income is equivalent to 1 billion pounds sterling or 2.1 billion U.S. dollars.

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The Nippon Life Insurance Company, or Nihon Seimei Hoken Sogo-geisha, known simply as Nisei, was founded on July 4, 1889. Today, the company's head office is located at 5-12 Imabashi Sanchome, Chu -ku, Osaka, Japan. Along with the company's growth, in 2020 the company's revenue reached 5,719 billion yen or the equivalent of 51 billion US dollars and profits reached 182 billion yen or the equivalent of 1 .6 billion US dollars.

CNP Assurances is a French company with activities in the financial sector. The company was established in 1959 and has many branches in several countries. In 2020, based on the annual report, the company's turnover reached 3,459 billion euros or the equivalent of 4 billion US dollars and the net profit reached 1.3 billion euros or l equivalent of 1.5 billion US dollars.

New York Life Insurance Company (NYLIC) is one of the largest insurance companies in the United States. In 2020, the company achieved positive results with revenues of US$32 billion and profits reaching US$1.5 billion.

Japan Post Insurance Co., Ltd. or Kabushiki-gaisha Kanpo Seimei Hoken in Japanese is a Japanese insurance company founded on October 1, 2007. Geographically, the head office of this company is in Tokyo, Japan. In 2020, based on the company's annual report, the revenue of this company reaches 6,786 billion yen or the equivalent of 61 billion US dollars, and the profit reaches 166 billion yen or the equivalent of 1.4 billion US dollars.

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Crédit Agricole is a French company with several operational activities in financial services. The company was incorporated on May 23, 2000 and is based in Paris, France. In 2020, based on the company's annual report, this company has revenues of around two billion euros or the equivalent of 2 billion US dollars and profits reach 1.2 billion euros or l equivalent of 1.4 billion US dollars.

Sumitomo Life Insurance Company, or known in Japanese as Sumitomo Seimei Hoken Sogo-geisha, is a mutual life insurance company founded in 1907 and based in Osaka. In 2020, the company's revenue reaches 28 billion US dollars and net profit reaches 0.4 billion US dollars.

Aegon SA is a Dutch multinational company headquartered in The Hague, the Netherlands. It was established 38 years ago in 1983. In 2020, the company's turnover reaches 0.012 billion euros or the equivalent of 0.013 billion US dollars and the profit reaches 0.045 billion euros or the equivalent of US$0.05 billion.

Meiji Yasuda Life Insurance Company is a Japanese insurance company based in Tokyo and created in 2004 with the merger between Meiji Life and Yasuda Life. In 2020, based on the company's annual report, the turnover of

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