Top 10 Life Insurers in China in 2021 by Written Premiums
China Life Insurance Co Ltd, Ping An Insurance (Group) Company of China Ltd, China Pacific Insurance (Group) Co Ltd, Taikang Insurance Group, and New China Life Insurance Co Ltd are the top 5 life insurers in China in 2021 by written premiums (FY 2021). Cumulatively, the top 10 life insurers in China reported written premiums of $338,642 million, the highest written premiums were generated by China Life Insurance Co Ltd ($96,108 million), followed by Ping An Insurance (Group) Company of China Ltd ($76,026 million) and China Pacific Insurance (Group) Co Ltd ($32,578 million), while Qianhai Life Insurance Co ($11,140 million) stood the lowest. In terms of the geographical split, all 10 life insurers in China are based in Asia. They employed a total of 1,650,009 people in 2021. China-based China Life Insurance Co Ltd is the top leading life insurer company in China in 2021 (FY 2021). It is a provider of insurance solutions and investment services. The company's portfolio of insurance products includes individual life insurance, group life insurance, individual accident insurance, individual health insurance, annuity insurance, travel insurance, and investment insurance. The company reported written premiums of $96,108 million and generated revenue of $132,966 million. China Life operates its provincial branches and other sub-branches in Taichung City, Taoyuan City, Chiayi City, Kaohsiung City, Tainan City, Taipei City, Hualien County, Pingtung County, and Penghu County, and employs 103,262 people in 2021. Ping An Insurance (Group) Company of China Ltd is one of the top leading life insurer companies in China in 2021 (FY 2021). It is an integrated financial conglomerate providing insurance, banking, and investment products and services to individuals and corporate clients. Ping An also provides personal and business banking, trust, wealth management, investment, securities brokerage, securities investment consulting, and securities trading services. The company reported written premiums of $76,026 million and generated revenue of $180,703 million. Ping An operates through seven business segments: Life and Health Insurance, Property and Casualty Insurance, Banking, Securities, Trust, Other Asset Management, and Technology Business, and employs 355,982 people.