AIA overtakes Ping An as largest Asia-Pacific insurer by market cap in Q2 (2024)

FAQs

AIA overtakes Ping An as largest Asia-Pacific insurer by market cap in Q2? ›

AIA rises to the top

Comprehensively, the top 10 Global Insurers in the world had a total market cap of $1,915,324 million (as of Mar 31, 2023), with Berkshire Hathaway Inc having the highest ($675,657 million), followed by UnitedHealth Group Inc ($440,854 million), and AIA Group Ltd ($122,871 million), while The Cigna Group is the lowest ...

The US remains the largest insurance market in the world, with total premiums (non-life and life) of USD 2.8 trillion.

AIA was the second largest life insurer globally, with market capitalization amounting to 93.1 billion U.S. dollars.

Our Commitment. Founded and headquarterd in Asia, AIA is a leading life insurer with over a century of expertise. With a presence in over 18 markets across Asia, our experience has allowed us to help generations of families all over the region to plan, protect and prepare for life.

AIA Group

Despite falling 21 spots in the global rankings, the largest pan-Asian life insurance group still ranked third among all insurers in terms of market value, trailing only UnitedHealth and Ping An. The firm also experienced a more than 27% increase in net profit from $5.8 billion in 2020.

The "Guinness World Record" officially confirmed this sale after verification on 22 February 2024. Valued at 250 million USD, the policy was underwritten by an individual for personal wealth protection and estate planning purposes.

Who is AIA owned by? ›

The company employs approximately 2,360 people, operates in Australia, and is administered from its head office in Melbourne, Victoria. AIA Australia's ultimate parent is the China-based AIA Group Limited (AIAGL).

On 7 October 2012, AIA acquired ING Group's Malaysian insurance subsidiaries for a cash consideration of €1.336 billion (US$1.73 billion). On 21 December 2012, AIG sold all of its 13.69% shareholding in AIA.

The business that is now AIA was first established in Shanghai more than a century ago in 1919. It is a market leader in Asia (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. It had total assets of US$302 billion as of 30 June 2022.

What is the largest country in Asia? Russia is the largest country in Asia, with an area of 11.52% km².

AIA net worth as of May 15, 2024 is $90.83B. AIA Group Ltd. is a life insurance company. It operates primarily in Hong Kong, Thailand, Singapore, Malaysia, China, Korea, the Philippines, Australia, Indonesia, Taiwan, Vietnam, New Zealand, Macau, Brunei, Sri Lanka, India, Myanmar and Cambodia.

Our Purpose is to help millions of people live Healthier, Longer, Better Lives.

1. State Farm. State Farm is the industry's biggest player, both in the US and overseas. The Bloomington, Illinois-based P&C insurance giant wrote almost $78 billion worth of premiums in the past year.