On December 2, S&P Global Market Intelligence released its 2025 ranking of the world's Top 50 property and casualty (P&C) insurers based on 2024 premium income. Five Chinese insurers secured spots on the list: PICC, Ping An Insurance (Group) Company of China, China Pacific Insurance (Group), China Life Property & Casualty Insurance, and China Reinsurance Group. PICC stands as the sole Chinese insurer in the global top 10.

Among the Chinese insurers, PICC led with $67.67 billion in premiums, ranking 6th globally with 6.1% year-on-year growth. Ping An followed with $45.62 billion in premiums, placing 12th worldwide and growing 4.7%. China Pacific Insurance ranked 25th globally with $26.97 billion in premiums, posting the fastest growth among Chinese insurers at 8.1%. China Life P&C ranked 36th with $15.23 billion (up 5.9%), while China Reinsurance Group placed 42nd with $12.92 billion (up 3.4%).

Geographically, the U.S. dominated with 19 insurers in the Top 50—the only region with double-digit representation. Mainland China ranked second with five entries. Switzerland, Japan, and Bermuda each had three insurers, while the UK, France, Canada, Australia, South Korea, and Germany each had two.

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