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The 400 financial institutions assessed in the 2022 Financial System Benchmark span the entirety of the financial system. The ranking encompasses publicly listed, privately held and state-owned enterprises. In terms of industries, they contain asset owners (including pension funds, development finance institutions and sovereign wealth funds), asset managers (including investment consultants), banks and insurance companies. The benchmark looks cross-sector and cross-industry to provide a snapshot of system-level progress.

Ranking table

Total score out of 100 Governance and strategy out of 40 Respecting planetary boundaries out of 30 Adhering to societal conventions out of 30
1 Aviva
Total score 51.2 /100
Governance and strategy 23.7 /40
Respecting planetary boundaries 15.0 /30
Adhering to societal conventions 12.5 /30
2 NN Group
Total score 41.6 /100
Governance and strategy 21.6 /40
Respecting planetary boundaries 12.5 /30
Adhering to societal conventions 7.5 /30
3 Allianz
Total score 40.1 /100
Governance and strategy 15.6 /40
Respecting planetary boundaries 12.2 /30
Adhering to societal conventions 12.3 /30
4 AXA
Total score 36.4 /100
Governance and strategy 10.9 /40
Respecting planetary boundaries 14.6 /30
Adhering to societal conventions 11.0 /30
5 Swiss Re
Total score 33.5 /100
Governance and strategy 21.8 /40
Respecting planetary boundaries 6.7 /30
Adhering to societal conventions 5.0 /30
6 Assicurazioni Generali
Total score 33.2 /100
Governance and strategy 17.9 /40
Respecting planetary boundaries 7.8 /30
Adhering to societal conventions 7.5 /30
7 Sun Life Financial
Total score 33.2 /100
Governance and strategy 19.6 /40
Respecting planetary boundaries 8.1 /30
Adhering to societal conventions 5.5 /30
8 Zurich Insurance Group
Total score 29.0 /100
Governance and strategy 14.2 /40
Respecting planetary boundaries 8.3 /30
Adhering to societal conventions 6.5 /30
9 Prudential
Total score 26.9 /100
Governance and strategy 13.9 /40
Respecting planetary boundaries 7.5 /30
Adhering to societal conventions 5.5 /30
10 Tokio Marine Holdings
Total score 25.9 /100
Governance and strategy 11.6 /40
Respecting planetary boundaries 6.3 /30
Adhering to societal conventions 8.0 /30
11 Phoenix Group
Total score 23.0 /100
Governance and strategy 11.2 /40
Respecting planetary boundaries 7.8 /30
Adhering to societal conventions 4.0 /30
12 Manulife
Total score 21.9 /100
Governance and strategy 12.3 /40
Respecting planetary boundaries 3.6 /30
Adhering to societal conventions 6.0 /30
13 Munich Re
Total score 21.6 /100
Governance and strategy 11.0 /40
Respecting planetary boundaries 4.2 /30
Adhering to societal conventions 6.5 /30
14 Fubon Financial
Total score 21.1 /100
Governance and strategy 8.1 /40
Respecting planetary boundaries 2.8 /30
Adhering to societal conventions 10.3 /30
15 Aegon
Total score 20.9 /100
Governance and strategy 3.2 /40
Respecting planetary boundaries 9.2 /30
Adhering to societal conventions 8.5 /30
16 Sumitomo Life Insurance
Total score 18.5 /100
Governance and strategy 8.2 /40
Respecting planetary boundaries 5.3 /30
Adhering to societal conventions 5.0 /30
17 MS&AD Insurance
Total score 18.4 /100
Governance and strategy 5.9 /40
Respecting planetary boundaries 4.4 /30
Adhering to societal conventions 8.0 /30
18 Metlife
Total score 17.6 /100
Governance and strategy 11.4 /40
Respecting planetary boundaries 1.7 /30
Adhering to societal conventions 4.5 /30
19 Japan Post Insurance
Total score 17.4 /100
Governance and strategy 5.5 /40
Respecting planetary boundaries 5.8 /30
Adhering to societal conventions 6.0 /30
20 Swiss Life Holding
Total score 16.9 /100
Governance and strategy 7.7 /40
Respecting planetary boundaries 4.2 /30
Adhering to societal conventions 5.0 /30
21 Royal London Group
Total score 16.2 /100
Governance and strategy 8.6 /40
Respecting planetary boundaries 6.1 /30
Adhering to societal conventions 1.5 /30
22 Mapfre
Total score 16.1 /100
Governance and strategy 8.1 /40
Respecting planetary boundaries 2.5 /30
Adhering to societal conventions 5.5 /30
23 CTBC Financial
Total score 15.9 /100
Governance and strategy 5.7 /40
Respecting planetary boundaries 4.2 /30
Adhering to societal conventions 6.0 /30
24 Dai-ichi Life Holdings
Total score 14.7 /100
Governance and strategy 5.9 /40
Respecting planetary boundaries 5.8 /30
Adhering to societal conventions 3.0 /30
25 Nippon Life Insurance
Total score 14.4 /100
Governance and strategy 4.2 /40
Respecting planetary boundaries 8.8 /30
Adhering to societal conventions 1.5 /30
26 Sompo Holdings
Total score 14.2 /100
Governance and strategy 3.1 /40
Respecting planetary boundaries 1.7 /30
Adhering to societal conventions 9.5 /30
27 Desjardins
Total score 13.8 /100
Governance and strategy 7.3 /40
Respecting planetary boundaries 4.4 /30
Adhering to societal conventions 2.0 /30
28 Old Mutual
Total score 13.6 /100
Governance and strategy 3.8 /40
Respecting planetary boundaries 4.6 /30
Adhering to societal conventions 5.3 /30
29 Samsung Life Insurance
Total score 12.7 /100
Governance and strategy 6.7 /40
Respecting planetary boundaries 2.5 /30
Adhering to societal conventions 3.5 /30
30 Ping An Insurance
Total score 12.6 /100
Governance and strategy 2.9 /40
Respecting planetary boundaries 7.8 /30
Adhering to societal conventions 2.0 /30
31 AIA
Total score 12.6 /100
Governance and strategy 6.1 /40
Respecting planetary boundaries 2.5 /30
Adhering to societal conventions 4.0 /30
32 Momentum Metropolitan
Total score 12.3 /100
Governance and strategy 7.1 /40
Respecting planetary boundaries 1.7 /30
Adhering to societal conventions 3.5 /30
33 American International Group (AIG)
Total score 12.0 /100
Governance and strategy 4.3 /40
Respecting planetary boundaries 1.7 /30
Adhering to societal conventions 6.0 /30
34 HDI Versicherungen
Total score 11.9 /100
Governance and strategy 6.2 /40
Respecting planetary boundaries 1.7 /30
Adhering to societal conventions 4.0 /30
35 T&D Holdings
Total score 11.7 /100
Governance and strategy 6.7 /40
Respecting planetary boundaries 2.5 /30
Adhering to societal conventions 2.5 /30
36 Liberty Mutual
Total score 11.6 /100
Governance and strategy 5.2 /40
Respecting planetary boundaries 0.8 /30
Adhering to societal conventions 5.5 /30
37 Sanlam
Total score 11.5 /100
Governance and strategy 4.8 /40
Respecting planetary boundaries 2.8 /30
Adhering to societal conventions 4.0 /30
38 Power Corp of Canada
Total score 11.3 /100
Governance and strategy 3.8 /40
Respecting planetary boundaries 2.5 /30
Adhering to societal conventions 5.0 /30
39 Lincoln National
Total score 11.2 /100
Governance and strategy 5.2 /40
Respecting planetary boundaries 0.0 /30
Adhering to societal conventions 6.0 /30
40 AllState
Total score 10.7 /100
Governance and strategy 3.8 /40
Respecting planetary boundaries 0.4 /30
Adhering to societal conventions 6.5 /30
41 Groupama Group
Total score 8.9 /100
Governance and strategy 3.4 /40
Respecting planetary boundaries 2.5 /30
Adhering to societal conventions 3.0 /30
42 Covea
Total score 8.6 /100
Governance and strategy 1.9 /40
Respecting planetary boundaries 1.7 /30
Adhering to societal conventions 5.0 /30
43 Meiji Yasuda Life Insurance
Total score 8.1 /100
Governance and strategy 2.1 /40
Respecting planetary boundaries 5.0 /30
Adhering to societal conventions 1.0 /30
44 Travelers
Total score 7.6 /100
Governance and strategy 2.3 /40
Respecting planetary boundaries 0.8 /30
Adhering to societal conventions 4.5 /30
45 Achmea
Total score 7.1 /100
Governance and strategy 1.1 /40
Respecting planetary boundaries 5.0 /30
Adhering to societal conventions 1.0 /30
46 China Life Insurance Group Company
Total score 7.1 /100
Governance and strategy 5.7 /40
Respecting planetary boundaries 0.4 /30
Adhering to societal conventions 1.0 /30
47 China Pacific Insurance
Total score 7.1 /100
Governance and strategy 5.7 /40
Respecting planetary boundaries 0.8 /30
Adhering to societal conventions 0.5 /30
- China Taiping Insurance
Total score 7.1 /100
Governance and strategy 5.7 /40
Respecting planetary boundaries 0.8 /30
Adhering to societal conventions 0.5 /30
49 Chubb
Total score 6.9 /100
Governance and strategy 2.9 /40
Respecting planetary boundaries 0.0 /30
Adhering to societal conventions 4.0 /30
50 Massachusetts Mutual Life Insurance
Total score 6.4 /100
Governance and strategy 1.0 /40
Respecting planetary boundaries 1.9 /30
Adhering to societal conventions 3.5 /30
51 New York Life Insurance Company
Total score 6.0 /100
Governance and strategy 0.0 /40
Respecting planetary boundaries 0.0 /30
Adhering to societal conventions 6.0 /30
52 Nationwide
Total score 5.3 /100
Governance and strategy 0.0 /40
Respecting planetary boundaries 0.8 /30
Adhering to societal conventions 4.5 /30
53 USAA
Total score 5.0 /100
Governance and strategy 0.0 /40
Respecting planetary boundaries 0.0 /30
Adhering to societal conventions 5.0 /30
54 State Farm Insurance
Total score 3.0 /100
Governance and strategy 0.0 /40
Respecting planetary boundaries 0.0 /30
Adhering to societal conventions 3.0 /30
55 New China Life Insurance
Total score 1.3 /100
Governance and strategy 0.0 /40
Respecting planetary boundaries 0.8 /30
Adhering to societal conventions 0.5 /30
56 Huaxia Life Insurance
Total score 1.3 /100
Governance and strategy 0.0 /40
Respecting planetary boundaries 0.0 /30
Adhering to societal conventions 1.3 /30
57 Life Insurance Corporation of India
Total score 1.0 /100
Governance and strategy 0.0 /40
Respecting planetary boundaries 0.0 /30
Adhering to societal conventions 1.0 /30
- People's Insurance Company of China (PICC)
Total score 1.0 /100
Governance and strategy 0.0 /40
Respecting planetary boundaries 0.0 /30
Adhering to societal conventions 1.0 /30
59 National Mutual Insurance Federation of Agricultural Cooperatives (zenkyoren)
Total score 0.0 /100
Governance and strategy 0.0 /40
Respecting planetary boundaries 0.0 /30
Adhering to societal conventions 0.0 /30
- Northwestern Mutual
Total score 0.0 /100
Governance and strategy 0.0 /40
Respecting planetary boundaries 0.0 /30
Adhering to societal conventions 0.0 /30
- Pacific Mutual Holding Company
Total score 0.0 /100
Governance and strategy 0.0 /40
Respecting planetary boundaries 0.0 /30
Adhering to societal conventions 0.0 /30
- Sony Financial Holdings
Total score 0.0 /100
Governance and strategy 0.0 /40
Respecting planetary boundaries 0.0 /30
Adhering to societal conventions 0.0 /30
- Taikang
Total score 0.0 /100
Governance and strategy 0.0 /40
Respecting planetary boundaries 0.0 /30
Adhering to societal conventions 0.0 /30