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Global mutual insurer premiums hit record $1.61 trillion in 2024
Mutual and cooperative insurers wrote $1.61 trillion in premiums in 2024, up from $1.50 trillion a year earlier. Total assets reached $10.8 trillion. The sector holds 40% shares in the US, France and Germany.
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The world's mutual and cooperative insurers wrote a record $1.61 trillion in premiums last year, the International Cooperative and Mutual Insurance Federation reported Tuesday. That was up from $1.50 trillion in 2023, with the sector's share of the global insurance market holding steady at about 26%.
Total assets now sit at $10.8 trillion, with investments reaching $9 trillion. The sector serves roughly 856 million members and policyholders across 80 countries, ICMIF said, drawing on data from more than 4,700 mutual insurers.
The numbers come from the trade body's Global Mutual Market Share 2026 report.
Liz Green, ICMIF's chief executive, said the record premium income "is not simply a measure of financial performance" but reflects the strength of a business model built on member ownership rather than short-term shareholder returns.