Guan Cha Zhe Wang·2025-11-11 09:31Core Insights - Standard & Poor's Global Market Intelligence released the 2024 ranking of the top 50 global life insurance companies, with China Life Insurance leading the list with $798.07 billion in life and health insurance reserves, surpassing Allianz Group [1][4] Group 1: Rankings and Financials - China Life Insurance ranks first with reserves of $798.07 billion, followed by Allianz at $769.19 billion and Ping An at $683.01 billion [2][4] - The total reserves of the top 50 companies amount to $21.90 trillion, with a total of $17.20 trillion in liabilities [3][5] Group 2: Regional Distribution - North America has 19 companies on the list, with total reserves of $6.52 trillion, accounting for 37.89% of the global total [3][5] - Asia has 14 companies, with reserves of $5.17 trillion, representing 30.03% of the global total, showing significant growth [3][4] Group 3: Notable Performers - In Asia, five Chinese companies made the list, with China Life and Ping An both showing a year-on-year reserve growth of nearly 20% [4][5] - Athene Holding in the U.S. reported a 17.5% increase in reserves, reaching $307.57 billion, marking it as one of the fastest-growing companies in the sector [5] Group 4: Market Trends and Challenges - The global life insurance industry faces challenges such as regulatory uncertainty, market volatility, and the impact of artificial intelligence [5] - A consortium including Allianz and BlackRock plans to acquire a majority stake in Germany's Viridium Group for €3.5 billion, indicating new growth opportunities in the European closed life insurance market [5]