Compared to last year, most of the European Union’s insurance companies have grown in the stock market, consequently, their market capitalisation has also continued to grow. The positive results of the insurance companies were influenced by several factors, but this will not be analysed. The work will be focused on the realization of the ranking of 20 largest insurance companies in European Union, based on the market cap.
Market capitalization refers to the total euro market value of a company’s outstanding shares. Commonly referred to as market cap, it is calculated by multiplying a company’s shares outstanding by the current market price of one share. The investment community uses this figure to determine a company’s size, as opposed to using sales or total asset figures.
In the ranking of the 20 largest insurance companies in the Eurozone by market capitalization for 2019, there are five German insurance companies, four French insurance companies, four Italian insurance companies, two Dutch insurance companies, two Austrian insurance companies, one Belgian insurance company, one Spanish insurance company and one Finnish insurance company.
The largest insurance company in the Eurozone is Allianz with a market capitalization of 86.5 billion Euro. The second place is occupied by AXA with 54.4 billion Euro and the third place by Groupama Assurances Mutuelles with 47.4 billion Euro. In the fourth place is Munich Re with 31.4 billion Euro, followed by Assicurazioni Generali and Sampo Oyj.
In the last three places of the ranking there are Uniqa Insurance Group with 2.8 billion Euro, Cattolica Assicurazione with 1.4 billion Euro and Nuernberger Beteiligungs with 0.8 billion Euro.
The data used in the ranking of Eurozone’s insurance companies by market capitalization have been collected from the main financial sites on May 2019. The market cap is expressed in billions of euros. In the rank are included only the insurance companies for which there were public information about this indicator.