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Top 10 General Insurers in China in 2021 by Written Premiums

Showing 10 out of 20 companies.

The People's Insurance Company (Group) of China Ltd, Ping An Insurance (Group) Company of China Ltd, China Pacific Insurance (Group) Co Ltd, China Life Insurance Co Ltd, and China United Insurance Group Company Limited are the top 5 general insurers in China in 2021 by written premiums. Cumulatively, the top 10 general insurers in China reported written premiums of $183,681 million, where the highest written premiums were generated by The People's Insurance Company (Group) of China Ltd ($69,706 million), followed by Ping An Insurance (Group) Company of China Ltd ($45,044 million), while Yong An Property Insurance Co Ltd ($1,701 million) stood the lowest. They employed a total of 871,540 people in 2021. China-based The People's Insurance Company (Group) of China Ltd is the leading general insurer in China (by written premiums). The company reported revenues of $92,221 million for the fiscal year ended December 2021 (FY2021), an increase of 1.8% over FY2020. It is a state-owned insurance company. It offers a range of life and non-life insurance products. The group provides insurance products for an accident, universal life, general life, family property, travel, auto, health, personal credit loan guarantee, and performance guarantee. The company reported written premiums of $62,604 million in the year 2020 and employs 184,364 people. Ping An Insurance (Group) Company of China Ltd is one of the leading general insurers in China (by written premiums). The company reported revenues of $180,703 million for the fiscal year ended December 2021 (FY2021), a decrease of 3.53% over FY2020. The company is an integrated financial conglomerate providing insurance, banking, and investment products and services to individuals and corporate clients. The company reported written premiums of $43,844 million in the year 2020. As of December 31, 2021, it had 647.32 million internet users, 227.31 million retail customers, and 2.81 contracts per customer and employs 355,982 people.

The People's Insurance Company (Group) of China Ltd

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Headquarters

China

Sector

Financial Services

Parent/Subsidiary/Independent

Parent

Written Premiums ($M, 2022)

WXYZ

Ping An Insurance (Group) Company of China Ltd

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Headquarters

China

Sector

Financial Services

Parent/Subsidiary/Independent

Parent

Written Premiums ($M, 2022)

WXYZ

China Pacific Insurance (Group) Co Ltd

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Headquarters

China

Sector

Financial Services

Parent/Subsidiary/Independent

Parent

Written Premiums ($M, 2022)

WXYZ

China Life Insurance Co Ltd

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Headquarters

China

Sector

Financial Services

Parent/Subsidiary/Independent

Subsidiary (of China Life Insurance (Group) Company)

Written Premiums ($M, 2022)

WXYZ

China United Insurance Group Company limited
Headquarters

China

Sector

Financial Services

Parent/Subsidiary/Independent

Subsidiary (of China Orient Asset Management Co., Ltd.)

Written Premiums ($M, 2022)

WXYZ

China United Insurance Group Company limited
China Reinsurance (Group) Corporation

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Headquarters

China

Sector

Financial Services

Parent/Subsidiary/Independent

Subsidiary (of Central Huijin Investment Ltd.)

Written Premiums ($M, 2022)

WXYZ

Sunshine Insurance Group Corporation Ltd
Headquarters

China

Sector

Financial Services

Parent/Subsidiary/Independent

Parent

Written Premiums ($M, 2021)

WXYZ

Sunshine Insurance Group Corporation Ltd
China Taiping Insurance Holdings Co Ltd

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Headquarters

Hong Kong

Sector

Financial Services

Parent/Subsidiary/Independent

Subsidiary (of China Taiping Insurance Group (HK) Co Ltd)

Written Premiums ($M, 2022)

WXYZ

China Export & Credit Insurance Corp
Headquarters

China

Sector

Financial Services

Parent/Subsidiary/Independent

Independent

Written Premiums ($M, 2022)

WXYZ

China Export & Credit Insurance Corp
Sinosafe General Insurance Co Ltd
Headquarters

China

Sector

Financial Services

Parent/Subsidiary/Independent

Independent

Written Premiums ($M, 2021)

WXYZ

Sinosafe General Insurance Co Ltd
Showing 10 out of the top 20 companies.
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