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August 04, 2016 at 05:00 AM
International life and health insurance businesses represent a significant portion of the world’s top companies, which Fortune magazine compiles annually as part of its Global 500 list.
There are more than 30 life and health insurers ranked this year, along with many more companies from the property and casualty insurance arena.
According to Fortune, together the companies on its Global 500 list fueled $27.6 trillion in total revenues in 2015, and $1.5 trillion in profits. These companies employ 67 million people worldwide, and are located in 33 different countries.
The regions of the world with the largest concentration of Global 500 companies are North America, China and Western Europe.
“More than 100 of the world’s biggest companies (are) now headquartered in China,” journalist Keith Breene noted in a recent article for the World Economic Forum. “Only the United States has more companies on the list.”
Keep reading for a look at all of the life and health insurance companies whose revenues and profits (in American dollars) qualify them as being among the biggest and most robust businesses in the world.
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See also:
The top 50 life & health insurance companies of 2016
AXA is Europe’s second largest insurer, according to Fortune. The company, whose outpost in Seville, Spain is pictured here, has been on the Global 500 list for 22 years. (Photo: iStock)
AXA
Headquarters: Paris.
Revenue: $129,250 (M).
Assets: $963,535 (M).
Employees: 98,279.
Global 500 ranking: 33.
Last year’s ranking: 20.
Japan Post Holdings
Headquarters: Tokyo.
Revenue: $118,762 (M).
Assets: $2,597,856 (M).
Employees: 250,876.
Global 500 ranking: 37.
Last year’s ranking: 38.
Ping An Insurance
Headquarters: Shenzhen, Guangdong, China.
Revenue: $110,308 (M).
Assets: $733,824 (M).
Employees: 275,011.
Global 500 ranking: 41.
Last year’s ranking: 96.
Related: 20 top companies for women in the finance and insurance industries
The Reniassance-era Palazzo delle Assicurazioni Generali building in Florence, Italy, originally housed an outpost of what Fortune magazine says is that country’s largest insurer, but the historic edifice is now home to high-end stores and cafes. (Photo: iStock)
Assicurazioni Generali
Headquarters: Trieste, Italy.
Revenue: $102,567 (M).
Assets: $543,696 (M).
Employees: 76,191.
Global 500 ranking: 49.
Last year’s ranking: 48.
China Life Insurance
Headquarters: Beijing.
Revenue: $101,274 (M).
Assets: $466,302 (M).
Employees: 130,732.
Global 500 ranking: 54.
Last year’s ranking: 94.
MetLife
Headquarters: New York City.
Revenue: $69,951 (M).
Assets: $877,933 (M).
Employees: 69,000.
Global 500 ranking: 104.
Last year’s ranking: 122.
Related: More than 8 in 10 Fortune 1000 Firms Offer an NQDC Plan
One outpost of the Nippon Life Insurance Co., which is also known as Nissay or Nihon Seimei, resides inside Tokyo’s Nihon Seimei Hibiya Buillding, seen here. (Photo: Wikipedia Commons)
Nippon Life
Headquarters: Ch-ku, Osaka, Japan.
Revenue: $67,118 (M).
Assets: $628,296 (M).
Employees: 73,578.
Global 500 ranking: 114.
Last year’s ranking: 138.
Prudential plc
Headquarters: London.
Revenue: $63,106 (M).
Assets: $570,300 (M).
Employees: 23,924.
Global 500 ranking: 126.
Last year’s ranking: 74.
Dai-ichi Life
Headquarters: Tokyo.
Revenue: $61,090 (M).
Assets: $444,251 (M).
Employees: 54,617.
Global 500 ranking: 135.
Last year’s ranking: 142.
Related: Meet 4 execs who are shaping the insurance industry of the future
The new Prudential Tower in Newark, seen here during construction in 2015, is now among that city’s tallest buildings. (Photo: Wikipedia Commons)
Prudential Financial
Headquarters: Newark, New Jersey.
Revenue: $57,119 (M).
Assets: $757,388 (M).
Employees: 49,384.
Global 500 ranking: 152.
Last year’s ranking: 194.
CNP Assurances
Headquarters: Paris.
Revenue: $49,305 (M).
Assets: $427,672 (M).
Employees: 4,740.
Global 500 ranking: 182.
Last year’s ranking: 166.
New York Life Insurance Co.
Headquarters: New York City.
Revenue: $45,891 (M).
Assets: $271,668 (M).
Employees: 11,463.
Global 500 ranking: 198.
Last year’s ranking: 297.
Related: How one life insurer expects to succeed in 2015
Shanghai, China, seen here, is home to the China Pacific Insurance Group headquarters. The company is China’s second largest property insurance company and the third largest life insurance company. (Photo: iStock)
China Pacific Insurance Group
Headquarters: Shanghai.
Revenue: $39,336 (M).
Assets: $142,270 (M).
Employees: 91,761.
Global 500 ranking: 251.
Last year’s ranking: 328.
Aegon N.V.
Headquarters: The Hague, Netherlands.
Revenue: $39,062 (M).
Assets: $453,135.
Employees: 31,530.
Global 500 ranking: 253.
Last year’s ranking: 163.
Massachusetts Mutual Life Insurance
Headquarters: Springfield, Massachusetts.
Revenue: $38,243 (M).
Assets: $266,550 (M).
Employees: 11,593.
Global 500 ranking: 258.
Last year’s ranking: 356.
Related: MassMutual finds lingering demand for LTCI
Hanwha was born in Seoul, Korea, seen here, in 1946. (Photo: iStock)
Hanwha Life Insurance
Headquarters: Seoul, South Korea.
