UnitedHealth Group took the top spot in AM Best’s ranking of the world’s 25 largest insurance companies for the seventh straight year, the rating agency has reported. The insurer posted $201.5 billion in net premiums written (NPW) in 2020. Allianz SE and AXA S.A. took the first and second spots in AM Best’s ranking by 2020 non-banking assets.
AM Best released its rankings of the largest global insurance companies by NPW and non-banking assets in the Jan. 3 issue of BestWeek. The rankings are based on BestLink data and additional research. Two major Chinese insurers, Ping An Insurance (Group) Company of China and China Life Insurance (Group) Company, posted big gains in the ranking by assets, with both improving on their top-10 rankings from a year ago.