Xin Hua Wang·2025-11-07 10:12Core Insights - China Life Insurance Co. Ltd. has surpassed Allianz SE to become the largest life insurance company globally, with Ping An Insurance (Group) Co. of China Ltd. ranking third [2][3][4] - The ranking is based on reserves and liabilities related to life and health insurance, as well as investment contracts, reflecting the true scale and risk exposure of life insurance businesses [3][4] Group 1: Company Rankings - The top three life insurance companies in the world are China Life Insurance Co. Ltd. ($798.07 billion), Allianz SE ($769.19 billion), and Ping An Insurance ($683.01 billion) [3][4] - The S&P Global Market Intelligence report indicates that North American companies dominate the list, with 19 firms, including 15 from the U.S. [2][3] Group 2: Growth Metrics - China Life Insurance experienced the fastest year-over-year growth in reserves among the top 20 global life insurers, with a significant increase of 19.90% [4]