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. This work will not be focused on what’s happens in the insurance market, but will be focused in the realization of the ranking of largest insurance companies in Europe by market cap. As we know, 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.
The data used in the ranking of insurance companies in Europe by market capitalization have been collected from the main financial sites on 18/02/2020. 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. Let’s see now the rank of the biggest insurance companies in Europe in 2020.
In the ranking of the 19 largest insurance companies in the Eurozone by market capitalization for 2020, there are five German insurance companies, three 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 98 billion Euro. The second place is occupied by AXA with 61.5 billion Euro and the third place by Groupama Assurances Mutuelles with 48.7 billion Euro. In the fourth place is Munich Re with 41.2 billion Euro, followed by Assicurazioni Generali with 29.5 billion Euro.
|Groupama Assurances Mutuelles
|NN Group NV
|Uniqa Insurance Group
In the last three places of the ranking there are Uniqa Insurance Group with 3 billion Euro, Cattolica Assicurazione with 1.2 billion Euro and Nuernberger Beteiligungs with 0.8 billion Euro.