Allianz SE, China Life Insurance Co. Ltd. and Nippon Life Insurance Co. are the three largest life insurance companies in the world, said S&P which released its list of top 50 life insurers in the world, ranked by their life and accident & health reserves, one of the key financial strengths of a life insurer
London:
In a major recognition of its financial strength, India’s state owned Life Insurance Corporation(LIC) has emerged as the fourth largest global life insurer, according to a new ranking, on the basis of life and accident & health reserves, by S&P Global Market Intelligence.
According to the report, LIC has $503 billion of reserves as on 2022.
Germany’s Allianz SE(USD 750 billion ), China Life Insurance Co.(USD 616 billion) and Nippon Life Insurance Co.(USD536 billion) are the three largest life insurance companies in the world, said S&P which released its list of top 50 life insurers in the world, ranked by their life and accident & health reserves, one of the key financial strengths of a life insurer.
In the same parameter, LIC is also now the third largest life insurer in Asia dominated by Japanese and Chinese insurers.
Companies are ranked by 2022 life and accident & health reserves. Life and accident & health reserves generally represent a liability to provide for future commitments under outstanding policies, said S&P.
European companies from six countries dominated the list of top 50 global life insurers ranked by life and accident & health reserves, taking 21 spots.
In Europe, the United Kingdom is home to the most companies on the list with seven carriers headquartered there.
Asia accounts for 17 spots on the list of top global life insurers, making it the region with the second-highest number. Mainland China and Japan shared top spot in Asia with five companies headquartered there.
North America took 12 spots on the list with eight companies based in the US, two in Canada and two in Bermuda. On an individual country basis, the US has the highest number of life insurers on the top 50 list, with eight.
MetLife Inc., the largest life insurance company based in the US, ranks seventh on the list of the largest global life insurers.
Prudential Financial Inc., the second-largest life insurance company headquartered in the US, placed eighth in the ranking.
According to S&P, the exact components of reserves of a ranked life insurer may vary based on the specific accounting regime followed by the companies listed. Analysis is a best-efforts basis limited to public insurance companies around the world and non-public insurance companies in North America and Europe.
I am Rabindra Chandra Ukil, feel proud to be part of this company which contributes so much.
Lic of India world largest and biggest in the world company…..jindgi k sath bhi jindgi k bad bhi..
For me, Lic of India is the biggest and largest company in the world in the insurance sector.
For me, Lic of India is the biggest and largest company in the world in the insurance sector.
Proud to be a LICian.
Proud to be associated with LIC OF INDIA, Suurajh Kaande
This achievement should be published and posters depicting the the achievement should be given to all Agents and offices of the Corporation.
Lic World No1
Honest insurer and for common man
I am Ramesh Kurade feel to be proud of LIC the 4th largest Insurance Co. In World, which contributes to every Indian.
We are proud of you-LIC. You are the backbone of the Indian economy.
It is a honor in the real sense to work with such a large company.
Really, an honour to be a part of this wonderful organisation. Nothing compares to its fathomless magnanimity. Proud of you LIC of India.
It’s proud moment for for all LICIANS.Slowly, we are rising in the insurance world 🌍 .As an LICian.
Thanks to all Lic policy holders & Agents friend.
Manik Ghosh.LICI.CM’s.CLIA platinum BRIGADE SILIGURI BR 1 JALPAIGURI DIVISION .EASTERN ZONE
Good 👍
It is a great news for India
and it feels proud as an Indian.
I salute to LIC as an Lician💐💐
LIC OF INDIA
No. 1 in Bharat
Har pal aapke saath
Every Indian must be proud as all of usw together are the custodians of this great Institution
Good
I feel proud to be a LICIAN associate
Har Pal Aap ke Sath…
Har Pal Aap K Sath..LICI
I am retired Administrative officer in LIC of India,from Bangalore. I feel proud my LIC . ThanQ LIC OF INDIA.
LIC has the infrastructure to be numero Uno. From top to bottom, transformation can boost its future performance. In a highly populated country like India, the chances are more for better performance. We have to win the hearts of the masses. Long live LIC ,the pride of every INDIAN 🙏
Feeling proud to be part of such GREAT ORGANISATION.
Since 01.09.1956 LIC continuously fulfilling the expectations of valued customers.
Jindagi ke saath bhi, jindagi ke baad bhi.
I am Hemanta Malla, feel proud of LIC, the 4th largest life Insurance Co. in the World, which contributes to every Indian.
Me too served in the Indian Giant LIC of India from 1989 to2016 and retired as administrative officer from DO Amritsar and feel proud to be associated with LIC of India. Salute to all stalwarts who contributed their best to take it to the TOP in India.
LIC is a star 🌟 world’s biggest company. LIC is forever ♥️
I proud to be an Lician.
I am Umesh Chandra Prajapati. Good. Feel proud to be a business partner of LIC of India which contributes so much.
My Nation’s Heart -LIC OF INDIA.
Congratulations LIC OF INDIA (Bharat)
As per my knowledge in India the name given in it of three insurance companies are not popular, hence ultimate LIC is the top for me I am with LIC since 1982 almost41 years completed
I am proud of you Lician India’s no. 1 Life insurance company
LIC is not only a prodigious establishment but also have a
Good Reputation among the
Masses and Public in and around the Universe on account of rendering Unique Services to the Valuable Customers.
LIC-I am really proud to be a part of this giant company
I am so proud to be a part of this company
I proud be LIC OF INDIA
Wow… That’s a really proud moment for all LIC associates.
East or West my LIC is the best
Proud to be a LICian forever. Having retired in December 1997 after serving this gigantic institution, I owe allegiance to it even after 26 years.
Financial reserves, Trust of every citizen and solidarity of every representative of LIC is the strength of the nation. We proudly serve our mother institute and our motherland..
East or West, LIC is the best,
Keeping in view the present reserves,lic is now in 3rd spot and in a couple of years it will rank number one spot.
Jai Bharat
Always my mom is the best mom.very proud of you mom
Lic is my mom in every respect.
I am proud to be a part of this company-LIC
Yes, really LIC of lndia is number one-biggest in the insurance sector of the world
I proud of LIC. I am an agent