United Health was the largest life insurance company worldwide by market capitalization as of January 2025. Progressive was the second-largest life insurer globally, with market capitalization amounting to almost 143 billion U.S. dollars.
Life insurance in the U.S.
In the United States, MetLife is consistently the largest life insurer, followed by AIG, Prudential Financial, and Aflac. On many accounts both New York Life and Northwestern Mutual are larger life insurance providers than MetLife and Aflac, however they cannot be included on this list as they are private companies and therefore do not have a market capitalization.
How much larger is the U.S. life insurance market compared with other leading markets?
The life insurance market in United States is more than twice as large as the next largest market in terms of life insurance premiums written. Other leading world countries in terms of value of life insurance premiums written were Japan, Germany, China, and the United Kingdom. However, the gap between the U.S. and the other large insurance markets is even starker when non-life premiums are taken into account.
Advertisement
Advertisement
Largest life insurance companies worldwide as of January 2025, by market capitalization
(in billion U.S. dollars)
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
CompaniesMarketCap.com. (January 20, 2025). Largest life insurance companies worldwide as of January 2025, by market capitalization (in billion U.S. dollars) [Graph]. In Statista. Retrieved June 12, 2025, from https://www.statista.com/statistics/376359/largest-life-insurance-companies-by-market-cap/
CompaniesMarketCap.com. "Largest life insurance companies worldwide as of January 2025, by market capitalization (in billion U.S. dollars)." Chart. January 20, 2025. Statista. Accessed June 12, 2025. https://www.statista.com/statistics/376359/largest-life-insurance-companies-by-market-cap/
CompaniesMarketCap.com. (2025). Largest life insurance companies worldwide as of January 2025, by market capitalization (in billion U.S. dollars). Statista. Statista Inc.. Accessed: June 12, 2025. https://www.statista.com/statistics/376359/largest-life-insurance-companies-by-market-cap/
CompaniesMarketCap.com. "Largest Life Insurance Companies Worldwide as of January 2025, by Market Capitalization (in Billion U.S. Dollars)." Statista, Statista Inc., 20 Jan 2025, https://www.statista.com/statistics/376359/largest-life-insurance-companies-by-market-cap/
CompaniesMarketCap.com, Largest life insurance companies worldwide as of January 2025, by market capitalization (in billion U.S. dollars) Statista, https://www.statista.com/statistics/376359/largest-life-insurance-companies-by-market-cap/ (last visited June 12, 2025)
Largest life insurance companies worldwide as of January 2025, by market capitalization (in billion U.S. dollars) [Graph], CompaniesMarketCap.com, January 20, 2025. [Online]. Available: https://www.statista.com/statistics/376359/largest-life-insurance-companies-by-market-cap/