S&P: Largest global insurers of 2024

by Joe Toppe
Slideshow December 10, 2024 at 06:00 AM

The property and casualty insurance market size was valued at $1.8 trillion in 2023 and is predicted to record a compound annual growth rate over 5.5% between 2024 and 2032, according to a report by Global Market Insights.

10. Chubb

Value: $46.73 billion (Credit: Bo/Adobe Stock)

9. The Allstate Corp.

Value: $52.66 billion (Credit: Diego M. Radzinschi/ALM)

8. Liberty Mutual Holding Company Inc.

Value: $53.75 billion (Credit: JHVEPhoto/Adobe Stock)

7. AXA SA

Value: $55.48 billion (Credit: Tobias Arhelger/Adobe Stock)

6. The Progressive Corp.

Value: $59.88 billion (Credit: Diego M. Radzinschi/ALM)

5. Lloyd’s of London

Value: $64.79 billion (Credit: Timon/Adobe Stock)

4. The People Insurance Company of China

Value: $64.84 billion (Credit: Robert/Adobe Stock)

3. Allianz

Value: $74.36 billion (Credit: Collections/ALM Corporate)

2. Berkshire Hathaway

Value: $80.88 billion (Credit: maurice norbert/Adobe Stock)

1. State Farm

Value: $87.59 billion (Credit: Diego M. Radzinschi/ALM)

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