Tuesday 31 January 2012

Top Ten Biggest Earning Insurance Companies in the World

1.China Life Insurance
Market Value : $118.74 billion
Type: Public
Traded as: NYSE: LFC SSE: 601628
Industry: Life insurance
Founded: 2003
Headquarters: Beijing, China
Area served: People's Republic of China
Key people: Chairman: Mr. Yang Chao
Parent: China Life Insurance Group
Website: www.chinalife.com.cn

2.Ping An Insurance Group
Market Value : $52.80 billion
Type: Public company
Traded as: (SSE: 601318 SEHK: 2318)
Industry: Financial Services (Diversified insurance)
Founded: 1988
Headquarters: henzhen, Guangdong, People's Republic of China
Area served: People's Republic of China
Key people: Ma Mingzhe, Chairman
Parent: China Ping An Insurance Group
Website:pingan.com

3.Allianz
Market Value : $52.74 billion
Type: Societas Europaea
Traded as: (FWB: ALV, NYSE: AZ)
Industry: Financial services
Founded: Year 1891
Headquarters: CMunich, Germany
Area served: Worldwide
Key people: Michael Diekmann (CEO)
                : Henning Schulte-Noelle (Chairman of the supervisory board)
                : Paul Achleitner (CFO)
Products: Insurance, banking, asset management
Revenue €106.451 billion (2010)
Operating income €8.243 billion (2010)
Profit: €5.053 billion (2010)
Total assets: €624.95 billion (end 2010)
Total equity: €46.56 billion (end 2010)
Employees: 151,340 (end 2010)
Subsidiaries: Allianz Life
                 : PIMCO
Website: www.allianz.com

4.AXA Group
Market Value : $46.02 billion
Type: Société Anonyme
Traded as: Euronext: CS, OTCQX: AXAHY
Industry: Financial services
Founded: Year 1816
Founder(s): Claude Bébéar
Headquarters: 8th arrondissement, Paris, France
Area served: Worldwide
Key people: Henri de Castries (Chairman and CEO)
Products: Life and health insurance, investment management
Revenue: €90.97 billion (2010)
Profit: €2.749 billion (2010)
AUM: €1.103 trillion (2010)
Total assets: €731.65 billion (end 2010)
Total equity: €49.70 billion (end 2010)
Employees: 102,960 (salaried FTE, end 2010)
Website: axa.com

5.ING Group
Market Value : $35.46 billion

Type: Naamloze vennootschap
Traded as: (Euronext: INGA, NYSE: ING)
Industry: Financial services
Founded: 1991 through merger(est. 1743 as Kooger Doodenbos)
Headquarters: Amsterdam, Netherlands
Area served: Worldwide
Key people: Jan Hommen (CEO), Patrick Flynn (CFO), Peter Elverding (Chairman of the supervisory board)
Products: Retail, direct, private, investment and commercial banking, insurance and asset management
Revenue: €54.43 billion (2010)
Profit: €3.220 billion (2010)
Total assets: €1.247 trillion (end 2010)
Total equity: €47.28 billion (end 2010)
Employees: 107,110 (FTE, end 2010)
Website: ing.com

6.Generali Group
Market Value : $35.19 billion
Type: Società per azioni
Traded as: BIT: G
Industry: Financial services
Founded: 1831
Headquarters: Trieste, Italy
Area served: Italy, Europe, Asia, Middle East, Americas
Key people: Gabriele Galateri di Genola (Chairman), Giovanni Perissinotto (CEO and GM), Sergio Balbinot (GM), Raffaele Agrusti (CFO and GM)
Products:Insurance, banking, investment management
Revenue:€90.78 billion (2010)
Profit: €1.702 billion (2010)
Total assets: €422.44 billion (end 2010)
Total equity: €20.06 billion (end 2010)
Employees: 85,370 (end 2010)
Subsidiaries: Genertel, Alleanza Toro, Ina Assitalia, Europ Assistance Group, Migdal
Website: www.generali.com

7.Zurich Financial Services
Market Value : $34.71 billion
Type: Aktiengesellschaft
Traded as: SIX: ZURN
Industry: Financial services
Founded: 1872
Headquarters: Zurich, Switzerland
Key people: Martin Senn (CEO), Manfred Gentz (Chairman), Dieter Wemmer (CFO)
Products: Life and non-life insurance, pensions, investments
Revenue: US $67.85 billion (2010)
Profit: US $3.434 billion (2010)
Total assets: US $375.7 billion (end 2010)
Total equity: US $33.32 billion (end 2010)
Employees:54,930 (FTE, 2010)
Website: www.zurich.com

8.Manulife Financial
Market Value : $32.56 billion
Type: Public
Traded as: (TSX: MFC NYSE: MFC SEHK: 945 PSE: MFC)
Industry: Financial Services (Insurance)
Founded: 1887
Headquarters: Toronto, Ontario, Canada
Key people: Donald Guloien, President and Chief Executive Officer,Gail C.A. Cook-Bennett, Chair of the Board of Directors
Revenue: $38 billion CAD (2010)
Net income: -$391 million CAD (2010)
Employees 24,000
Website: http://www.manulife.com/

9.China Pacific Insurance
Market Value : $32.21 billion
Type: Public Company
Industry: Diversified insurance
Founded: 1991
Headquarters: Shanghai, People's Republic of China
Area served: People's Republic of China
Key people: Chairman: Mr. Gao Guofu
Website: China Pacific Insurance Company

10.Munich Re
Market Value : $30.12 billion
Type: Aktiengesellschaft (FWB: MUV2)
Industry: Financial services
Founded: 19 April 1880
Headquarters: Munich, Germany
Area served: Worldwide
Key people: Nikolaus von Bomhard (CEO and Chairman of the executive board), Hans-Jürgen Schinzler (Chairman of the supervisory board)
Products: Reinsurance, primary insurance, asset management
Revenue: €45.54 billion (2010)
Operating income: €3.978 billion (2010)
Profit: €2.422 billion (2010)
Total assets: €236.36 billion (end 2010)
Total equity: €23.03 billion (end 2010)
Employees: 46,915 (end 2010)

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