China Life Insurance Indonesia Laporan Keuangan – ) by company, there are 20 largest insurance companies in the world. They are large companies with billions of dollars in assets and billions of dollars in profits. Probably everyone knows the names and development of these companies and perhaps their history over time. An insurance company is a company that provides risk insurance services that provide compensation for loss, damage, losses, lost profits or legal liability to third parties due to an uncertain event. All third parties can rely on the insurance company for unexpected risks in the future.
In an unpredictable life, people or companies can reduce various risks, such as traffic accidents, diseases, natural disasters, etc. This risk could disrupt our operations and businesses and adversely affect our national finances. With the role of insurance companies, the possibility of a large loss can be reduced or reduced so that we can save our budget. But in this world there are millions of insurance companies with different products and varieties. They market this product to people all over the world to help people’s lives. Of all the insurance companies in the world, only a few are larger. These indicators are measured by the profit / profit generated by the company. These are the 20 largest insurance companies in the world based on the annual report released by the companies in 2020.
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As additional information, we also publish the financial situation of each company. This data shows the status of assets/assets and liabilities/debts of the company’s balance sheet for the year 2020. Below is the status of assets and liabilities of insurance companies in 2020
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Historically, this company was founded in 1988 by Ma Mingzhe. However, this company has its head office in Shenzhen, China. Economically, in 2020, the world’s largest Chinese insurance company recorded revenue of RMB 1,321 billion or equivalent to 2,906 trillion rupees, while revenues or profits reached RMB 159 billion or equivalent to 349 trillion of rupees. the highest among all insurance companies.
Allianz SE is one of the largest insurance companies in the world in 2020, founded by Carl von Thieme on February 5, 1890. Geographically, the company has its headquarters in Munich, Germany. In 2020, this Germany-based company recorded a turnover of 119 billion euros, or the equivalent of 1.904 trillion rupees, while the profit or profit reached seven billion euros, or the equivalent of 112 trillion of rupees.
China Life Insurance is one of the world’s leading insurance companies from China. Historically, this insurance company was founded in 1949 in the land of bamboo tents and still has its head office in Beijing, China. From an economic point of view, according to the 2020 report, this company’s revenue reached RMB 804 billion, equivalent to 1.768 trillion rupees, while its profits reached about RMB 51 billion or equivalent to 112 trillion rupiah .
MetLife Inc. is one of the oldest and largest insurance companies in the world. Historically, this company was founded on March 24, 1868. Geographically, this company is headquartered in MetLife Building, New York City, USA. In 2020, according to the annual report, the revenue is 938 trillion rupees and the profit is around 70 trillion rupees.
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Manulife is one of Canada’s largest insurance companies with billions of dollars in revenue from consumers. The company was founded on June 23, 1887 and is still headquartered in Toronto, Ontario, Canada. In 2020, according to its annual report, the 2020 revenue was approximately seventy-eight billion Canadian dollars or the equivalent of 873 trillion rupees, while the profit reached five billion US dollars or the equivalent of 56 trillion of rupees.
Aviva plc is a British insurance company headquartered in London, England and was founded in 2000. In 2020, Aviva Plc recorded a strong performance with revenues of 29 billion pounds or 551 trillion rupees while profits of 2 billion pounds or 38 trillion rupees.
Zurich Insurance Group SA is a Swiss insurance company headquartered in Zurich. Historically, this company was founded in 1872 and still has its headquarters in Zurich, Switzerland. Zurich Insurance is a Switzerland-based company that has recorded positive business growth in 2020. According to the 2020 annual report, the company’s revenue is 826 trillion rupees and profit is around 53.2 trillion rupees.
AXA is a French company founded by Claude Bébéar in 1816. This company has a long history in the financial sector, particularly in the insurance sector. In 2020, in financial terms, according to the published annual report, the company recorded a turnover of ninety-six billion euros, equal to 1,536 trillion rupees, and a profit of three billion euros, equal to 48 trillion rupees.
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Dai-Chi Life Holdings Insurance Company or Dai-ichi Seimei Hoken Kabushiki-kaisha (Japanese) is one of the largest insurance companies in Japan. It was founded on September 15, 1902 by Tsuneta Yano. In 2020, the company’s revenue is 7,827 billion yen, equivalent to 962 trillion rupiah, and the company’s profit is 363 billion yen, or equivalent to 44.6 trillion rupiah.
Assicurazioni Generali S.p.A. The Generali Group is headquartered in Trieste, Italy. It was founded in 1831, and with the development of the company’s business, in 2020, the company’s revenue reached eighty-five billion euros or the equivalent of 1,360 trillion rupees, and the company’s profit reached two billion euros or the equivalent of 32 trillion rupees.
Prudential Financial or formerly known as “Friends Insurance Company” was founded in New Jersey in 1875 by John Dryden. The company still has its headquarters in Newark, New Jersey, USA. In 2020, according to the annual report, the company’s revenue stands at around 770 trillion rupees and its profit stands at 29.4 trillion rupees.
Legal & General Group plc, commonly known as Legal & General, is a British insurance company headquartered in London, England. In 2020, this company’s revenue will reach around fifty billion pounds or the equivalent of 950 trillion rupees and its profit will reach one billion pounds or the equivalent of 19 trillion rupees.
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Nippon Life Insurance or Nihon Seimei Hoken Sōgo-gaisha, commonly known as Nissay, was founded on July 4, 1889. Operationally, this company has its main office at 5-12 Imbashi Sanchme, Chūō-ku, Osaka, Japan. With the growth of the company’s business, in 2020, the company’s revenue reached 5,719 billion yen equivalent to 703 trillion rupiah, and profit reached 182 billion yen or equivalent to 22.3 trillion rupiah.
CNP Assurances is a French company operating in the financial sector. This company was founded in 1959 and has numerous offices in many countries. In 2020, according to the annual report, the company’s revenue reached 3,459 billion euros equivalent to 54.4 trillion rupees and its profit reached 1.3 billion euros equivalent to 20.8 trillion rupees.
New York Life Insurance Company (NYLIC) is one of the largest insurance companies in the United States. In 2020, the company performed well with revenue of 448 trillion rupees and profit of 21 trillion rupees.
Japan Post Insurance Co., Ltd. or in Japanese known as Kabushiki-gaisha Kanpo Seimei Hoken is a Japanese insurance company founded on October 1, 2007. Geographically, this company is headquartered in Tokyo, Japan. From an economic point of view, in 2020, according to the company’s annual report, the revenue of this company is 6,786 billion yen equivalent to 83.4 trillion rupees, and the profit is 166 billion yen or equivalent to 20, 4 trillion rupees.
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Credit Agricole is a French insurance company operating in the financial sector. The company was founded on May 23, 2000 and is headquartered in Paris, France. In 2020, according to the company’s annual report, this company recorded a turnover of about two billion euros, which is the equivalent of 32 trillion rupees, and the profit reached 1.2 billion euros, which is the equivalent of 19.2 trillion rupees.
Sumitomo Life Insurance Company or in Japanese known as Sumitomo Seimei Hoken Sōgo-gaisha, Sumitomo is a life insurance company founded in 1907 and headquartered in Osaka. In 2020, the company’s revenue reached 392 trillion rupees with a profit of 5.6 trillion rupees.
Aegon N.V. grow is a Dutch company based in The Hague, Netherlands. It was founded in 1983 which is 39 years ago. In 2020, the company’s revenue was 0.012 billion euros or 192 billion rupees and profit was 0.045 billion euros or 72 billion rupees.
Meiji Yasuda Life Insurance Company is a Japanese insurance company headquartered in Tokyo and founded in 2004 by the merger of Meiji Life and Yasuda Life. In 2020, according to the company’s annual report, the company’s revenue was 207 billion yen or equivalent to 25 trillion rupees, but there was a loss of approximately (-264 billion yen) or equivalent (-34, 2 trillion rupees).
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American International Group, Inc., also known as AIG, is an American insurance company. Historic Life Insurance Group Yuan Changqing, Head of Balance of Payments and Investment Standards of the Ministry of International Economic Affairs Ratih Purbasari Kania, Ambassador of the People’s Republic of China to Indonesia Xiao Qian, Vice President and President of China Life Insurance Company ‘abroad. Liu Anlin and Insurance and BPJS Director Ahmad Nasrullah. (KOMPAS.com/Putri)
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