Which is the richest insurance company in the world?

The World’s Richest Insurance Company in 2024

When it comes to global insurance giants, one name stands clearly at the top: Berkshire Hathaway Inc. In 2024, it claimed the title of the world’s richest insurance company by total non-bank assets, boasting a staggering $1.15 trillion in holdings. That marks a solid 7.8% growth from the previous year, cementing its dominance in the financial world.

Often associated with Warren Buffett’s legendary investment acumen, Berkshire Hathaway’s strength lies not just in underwriting policies, but in how it deploys the vast sums of "float" — premiums collected before claims are paid — into stocks, bonds, and entire businesses. This unique model has allowed it to grow far beyond a traditional insurer into a financial powerhouse.

Close behind is Germany’s Allianz SE, ranking second with $1.08 trillion in assets. A global leader in insurance and asset management, Allianz maintains a strong presence across Europe, North America, and Asia, offering a mix of life, property, and casualty insurance. While slightly behind Berkshire in total assets, Allianz remains a cornerstone of the global insurance landscape.

What sets these companies apart isn’t just size — it’s resilience. Berkshire’s diversified empire and Allianz’s international reach reflect different paths to long-term stability in an industry built on risk management. Yet, in 2024, Berkshire Hathaway’s unmatched asset base gives it the edge in raw financial scale.

As markets evolve and climate risks grow, the role of insurers as both protectors and investors becomes ever more critical — and few play that dual role as effectively as these two titans.