World Rankings

OVERVIEW

The rankings that follow are extracted from Fortune magazine's analysis of the world's largest corporations based on 2011 revenues, as featured in its annual Global 500. Fortune groups the companies in broad industry categories. Each company is assigned one category, even though some are involved in several industries. For example, some of the leading property/casualty insurance companies also write life insurance.

FINANCIAL SERVICES

TOP TEN GLOBAL FINANCIAL SERVICES FIRMS BY REVENUES, 2011 (1)

($ millions)

Financial services
industry rank
Company Global 500 rank
(all industries)
Revenues Profits/
losses
Country Industry
1 Japan Post Holdings 13 $211,019 $5,939 Japan Life/health
2 ING Group 18 150,571 6,591 Netherlands Banking
3 General Electric 22 147,616 14,151 U.S. Diversified financial
4 Berkshire Hathaway 24 143,688 10,254 U.S. Property/casualty
5 AXA 25 142,712 6,012 France Life/health
6 Fannie Mae 26 137,451 -16,855 U.S. Diversified financial
7 Allianz 28 134,168 3,539 Germany Property/casualty
8 BNP Paribas 30 127,460 8,412 France Banking
9 Banco Santander 44 117,408 7,440 Spain Banking
10 Bank of America Corp. 46 115,074 1,446 U.S. Banking

(1) Based on an analysis of companies in the Global Fortune 500.

Source: Fortune.

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INSURANCE

TOP TEN COUNTRIES BY LIFE AND NONLIFE DIRECT PREMIUMS WRITTEN, 2013 (1)

(U.S. $ millions)

        Total premiums
Rank Country Life premiums Nonlife premiums (2) Amount Percent change
from prior year
Percent of total
world premiums
1 United States (3), (4) $532,858 $726,397 $1,259,255 -1.1% 27.13%
2 Japan (5), (6) 422,733 108,773 531,506 -15.2 11.45
3 United Kingdom (6) 222,893 106,750 329,643 2.4 7.10
4 P.R. China (4) 152,121 125,844 277,965 13.3 5.99
5 France (7) 160,156 94,598 254,754 7.2 5.49
6 Germany (7) 114,349 132,813 247,162 6.3 5.33
7 Italy (4) 117,978 50,576       168,554 17.1 3.63
8 South Korea (5), (6) 91,204 54,223 145,427 -4.9 3.13
9 Canada (6), (8) 52,334 73,010 125,344 0.6 2.70
10 Netherlands (4) 26,005 75,135 101,140 5.5 2.18

(1) Before reinsurance transactions.
(2) Includes accident and health insurance.
(3) Nonlife premiums include state funds; life premiums include an estimate of group pension business.
(4) Provisional.
(5) April 1, 2013-March 31, 2014.
(6) Estimated.
(7) Life premiums are estimated; nonlife premiums are provisional.
(8) Life premiums are net premiums.

Source: Swiss Re, sigma, No. 3/2014.

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TOP TEN GLOBAL INSURANCE COMPANIES BY REVENUES, 2012 (1)

($ billions)

Rank Company Revenues Country Industry
1 Japan Post Holdings $190.9 Japan Life/health
2 Berkshire Hathaway 162.5 U.S. Property/casualty
3 AXA 154.6 France Life/health
4 Allianz 130.8 Germany Property/casualty
5 Assicurazioni Generali 113.8 Italy Life/health
6 UnitedHealth Group 110.6 U.S. Health
7 Prudential 87.9 U.K. Life/health
8 Nippon Life 86.7 Japan Life/health
9 Prudential Financial 84.8 U.S. Life/health
10 Munich Re Group 84.0 Germany Property/casualty

(1) Based on an analysis of companies in the Global Fortune 500. Includes stock and mutual companies.

Source: Fortune.

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TOP TEN GLOBAL PROPERTY/CASUALTY INSURANCE COMPANIES BY REVENUES, 2011 (1)

($ millions)

Rank Company Revenues Country
1 Berkshire Hathaway $143,688 U.S.
2 Allianz 134,168 Germany
3 Munich Re Group 90,137 Germany
4 American International Group 71,730 U.S.
5 State Farm Insurance Cos. 64,305 U.S.
6 Zurich Insurance Group 52,983 Switzerland
7 MS&AD Insurance Group Holdings 47,684 Japan
8 Tokio Marine Holdings  43,264 Japan
9 People's Insurance Co. of China 36,549 China
10 NKSJ Holdings 35,343 Japan

(1) Based on an analysis of companies in the Global Fortune 500. Includes stock and mutual companies.

Source: Fortune.

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TOP TEN GLOBAL LIFE/HEALTH INSURANCE COMPANIES BY REVENUES, 2011 (1)

($ millions)

Rank Company Revenues Country
1 Japan Post Holdings $211,019 Japan
2 AXA 142,712 France
3 Assicurazioni Generali 112,628 Italy
4 Nippon Life Insurance 90,783 Japan
5 Meiji Yasuda Life Insurance 77,463 Japan
6 MetLife 70,641 U.S.
7 China Life Insurance 67,274 China
8 Dai-ichi Life Insurance 62,462 Japan
9 Aviva 61,754 U.K.
10 Prudential   58,527 U.K.

(1) Based on an analysis of companies in the Global Fortune 500. Includes stock and mutual companies.

Source: Fortune.

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TOP TEN GLOBAL REINSURERS BY NET REINSURANCE PREMIUMS WRITTEN, 2012 (1)

($ millions)

Rank Company Net reinsurance premiums written Country
1 Munich Reinsurance Co. $36,050.1 Germany
2 Swiss Re Ltd. 25,344.0 Switzerland
3 Hanover Re Group 15,869.9 Germany
4 Lloyd's of London 11,132.7 U.K.
5 Berkshire Hathaway Reinsurance Group 10,162.0 U.S.
6 Scor S.E.  9,391.7 (2) France
7 PartnerRe Ltd. 4,572.9 Bermuda
8 Everest Re Group Ltd. 4,081.1 Bermuda
9 Transatlantic Holdings Inc. 3,986.1 (2) U.S.
10 Korean Reinsurance Co. 3,358.2 (3) South Korea

(1) Excludes reinsurers which only underwrite life insurance.
(2) Business Insurance estimate.
(3) Fiscal year ending March 31.

Source: Business Insurance,September 9, 2013.

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  • Net reinsurance premiums written by the top 10 global reinsurers rose from $117.8 billion in 2011 to $123.9 billion in 2012, according to Business Insurance.

TOP TEN GLOBAL INSURANCE BROKERS BY REVENUES, 2012 (1)

($ millions)

Rank Company Brokerage revenues Country
1 Marsh & McLennan Cos. Inc. $11,924 U.S.
2 Aon P.L.C. 11,476 U.K.
3 Willis Group Holdings P.L.C. 3,458 U.K.
4 Arthur J. Gallagher & Co. 2,385 U.S.
5 Wells Fargo Insurance Services USA Inc. 1,575 U.S.
6 BB&T Insurance Services Inc. 1,480 U.S.
7 Jardine Lloyd Thompson Group P.L.C.  1,405 U.K.
8 Brown & Brown Inc. (2) 1,400 U.S.
9 Lockton Cos. L.L.C. (3) 1,007 U.S.
10 Hub International Ltd.  989 U.S.

(1) Revenue generated by insurance brokerage and related services.
(2) Pro forma to include the July 1, 2013 acquisition of Beecher Carlson Holdings Inc.
(3) Fiscal year ending April 30.

Source: Business Insurance, July 15, 2013.

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  • Revenue generated by the world’s 10 largest brokers increased from $23.1 billion in 2003 to $37.1 billion in 2012.

TEN GLOBAL REINSURANCE BROKERS BY GROSS REINSURANCE REVENUES, 2012 (1)

($000)

Rank Company Gross reinsurance revenues Country
1 Aon Benfield $1,505,000 U.K.
2 Guy Carpenter & Co. L.L.C. (2) 1,079,313 U.S.
3 Willis Re 837,000 U.K.
4 JLT Reinsurance Brokers Ltd. 197,599 U.K.
5 Towers Watson & Co. 182,962 U.S.
6 Cooper Gay Swett & Crawford Ltd. 137,825 U.K.
7 BMS Group Ltd. 102,000 U.K.
8 Miller Insurance Services L.L.P. (3) 85,186 U.K.
9 UIB Holdings Ltd. 60,685 U.K.
10 THB Group Ltd. (4) 55,000 U.K.

(1) Includes all reinsurance revenue reported through holding and/or subsidiary companies.
(2) Includes aviation reinsurance business placed by Marsh Inc.
(3) Fiscal year ending April 30.
(4) Fiscal year ending October 31.

Source: Business Insurance, October 21, 2013.

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BANKS

TOP TEN GLOBAL COMMERCIAL AND SAVINGS BANKS BY REVENUES, 2011 (1)

($ millions)

Rank Company Revenues Country
1 ING Group $150,571 Netherlands
2 BNP Paribas 127,460 France
3 Banco Santander 117,408 Spain
4 Bank of America Corp. 115,074 U.S.
5 JPMorgan Chase & Co. 110,838 U.S.
6 HSBC Holdings 110,141 U.K.
7 Industrial & Commercial Bank of China 109,040 China
8 Crédit Agricole 105,156 France
9 Citigroup 102,939 U.S.
10 Société Générale 98,464 France

(1) Based on an analysis of companies in the Global Fortune 500.

Source: Fortune.

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DIVERSIFIED FINANCIAL

TOP SIX GLOBAL DIVERSIFIED FINANCIAL COMPANIES BY REVENUES, 2011 (1)

($ millions)

Rank Company Revenues Country
1 General Electric $147,616 U.S.
2 Fannie Mae 137,451 U.S.
3 Freddie Mac 88,262 U.S.
4 INTL FCStone 75,498 U.S.
5 CITIC Group 49,339 China
6 Nomura Holdings 23,453 Japan

(1) Based on an analysis of companies in the Global Fortune 500.

Source: Fortune.

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