Bei Jing Shang Bao·2025-11-07 10:53Core Insights - Standard & Poor's Global Market Intelligence has released a ranking of the top 50 global life insurance companies based on their reserves and liabilities for 2024, with China Life Insurance Co. Ltd. taking the top position, surpassing Allianz Group [1] Group 1: Company Rankings - China Life Insurance Co. Ltd. ranks first with total reserves of $798.07 billion, reflecting a year-over-year increase of 19.9% [2] - Allianz SE ranks second with total reserves of $769.19 billion, showing a modest year-over-year increase of 1.7% [2] - Ping An Insurance (Group) Co. of China Ltd. is in third place with reserves of $683.01 billion, also experiencing a year-over-year increase of 19.8% [2] Group 2: Financial Metrics - The total accounting assets for China Life Insurance Co. Ltd. are reported at $927.45 billion [2] - Allianz SE has total accounting assets of $1,081.46 billion [2] - Ping An Insurance (Group) Co. of China Ltd. has total accounting assets of $1,775.26 billion [2]