Non-life premiums include accident and health insurance premiums.
The source adds the following information.
United States: Â Nonlife premiums include private medical insurance; Nonlife premiums include state funds; life premiums are net premiums and are supplemented by estimated premiums for group pension business;Estimated or provisional.
Japan: Financial year April 1, 2023 – March 31, 2024; Estimated or provisional.
United Kingdom: Estimated or provisional.      France: Estimated or provisional. Germany: Estimated or provisional. Italy: Estimated or provisional. South Korea: Estimated or provisional; Financial year April 1, 2023 – March 31, 2024 Canada: Estimated or provisional; Life premiums are net premiums.
India: Financial year April 1, 2023 – March 31, 2024; Estimated or provisional.
Citation formats
Leading premium writing countries globally 2023, by premiums
In 2023, life insurance premiums written in the United States were valued at billion U.S. dollars. Non-life insurance premiums written in the U.S. amounted to *** trillion U.S. dollars in that year, however unlike most countries this amount includes basic health cover, meaning the U.S. is over *** trillion U.S. dollars higher than second-placed China, who recorded non-life insurance premiums of billion U.S. dollars.Â
Berkshire Hathaway is the largest global insurer
Berkshire Hathaway, which is owned by Warren Buffett and headquartered in the US state of Nebraska, was the largest insurer worldwide in terms of revenue in 2023. However, the next largest insurer was Ping An Insurance, which is based in the rapidly growing Chinese city of Shenzhen.Â
Berkshire Hathaway vs Ping An Insurance
The revenues of both insurers have been steadily growing over the past decade. However, the growth of Ping An Insurance has been more rapid for Ping An than for Berkshire Hathaway, which may indicate that the former will some day catch up with the latter.
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Insurance Information Institute. (March 31, 2024). Leading life and non-life direct premium writing countries globally in 2023, by premiums (in billion U.S. dollars) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 28, 2026, from /statistics/217257/leading-countries-by-life-and-nonlife-premiums-written/
Insurance Information Institute. "Leading life and non-life direct premium writing countries globally in 2023, by premiums (in billion U.S. dollars)." Chart. March 31, 2024. ÌÇÐÄÆƽâ°æ. Accessed July 28, 2026. /statistics/217257/leading-countries-by-life-and-nonlife-premiums-written/
Insurance Information Institute. (2024). Leading life and non-life direct premium writing countries globally in 2023, by premiums (in billion U.S. dollars). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 28, 2026. /statistics/217257/leading-countries-by-life-and-nonlife-premiums-written/
Insurance Information Institute. "Leading Life and Non-life Direct Premium Writing Countries Globally in 2023, by Premiums (in Billion U.S. Dollars)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 31 Mar 2024, /statistics/217257/leading-countries-by-life-and-nonlife-premiums-written/
Insurance Information Institute, Leading life and non-life direct premium writing countries globally in 2023, by premiums (in billion U.S. dollars) ÌÇÐÄÆƽâ°æ, /statistics/217257/leading-countries-by-life-and-nonlife-premiums-written/ (last visited July 28, 2026)
Leading life and non-life direct premium writing countries globally in 2023, by premiums (in billion U.S. dollars) [Graph], Insurance Information Institute, March 31, 2024. [Online]. Available: /statistics/217257/leading-countries-by-life-and-nonlife-premiums-written/
