Top 49 insurance companies in Europe by assets

The insurance industry plays an important role for European economy but it remains stuck in low-growth mode. In major markets, growth rates have been negligible or negative and underlying economic fundamentals appear shaky. Geopolitical uncertainty further complicates strategic planning.

In this work, we are going to present the rank of the 49 largest insurance companies in Europe by total assets, which still remains today, one of the most widely used indicators for comparing insurance with each other. Let’s now see the 49 largest insurance companies in Europe by assets.

In the ranking of the 49 largest insurance companies in Europe by assets there are 13 British, 7 Swiss, 5 German, 5 French, 4 Italian, 3 Norwegian, 3 Dutch, 3 Danish, 2 Austrian, 1 Spanish, 1 Polish, 1 Finnish and 1 Belgian.

In the top of the ranking of the largest insurance companies in Europe by assets is Allianz Group with 1.444 billion USD in assets. In the second place is AXA S.A. with 903 billion USD in assets, followed by Legal & General Group with about 721 billion USD in assets. Assicurazioni Generali is fourth and Aviva plc fifth.

In the last three places of the ranking of the largest insurance companies in Europe by assets there are Vaudoise Assurances Holding with 9 billion USD, Admiral Group with 7 billion USD and Alm. Brand A/S with 6 billion USD.

Rank	Name	Assets
1	Allianz Group	1.144
2	AXA S.A.	903
3	Legal & General Group	721
4	Assicurazioni Generali	580
5	Aviva plc	571
6	CNP Assurances	494
7	Aegon	476
8	Prudential plc	463
9	Zurich Insurance Group	375
10	Munich Re	331
11	NN Group N.V.	294
12	Phoenix Group Holdings	292
13	Poste Italiano	282
14	Swiss Life Holding	240
15	Swiss Re	238
16	Talanx	202
17	Chubb Ltd	181
18	St. James’s Place	144
19	Covea Mutual Insurance	129
20	Ageas	122
21	Groupama	104
22	Achmea Holding	100
23	PZU Group	95
24	Baloise Holding	90
25	Unipol Gruppo	83
26	Hannover Rueck	82
27	KLP Group	81
28	Mapfre	79
29	Helvetia Holding	71
30	Storebrand ASA	70
31	Sampo Oyj	57
32	Vienna Insurance Group	55
33	SCOR SE	52
34	Cattolica Assicurazioni	40
35	Nuernberger Beteiligungs	36
36	UNIQA Insurance Group	32
37	Just Group plc	29
38	NFU Mutual	25
39	RSA Insurance Group	23
40	Liverpool Victoria (LV=)	20
41	Topdanmark A/S	15
42	Gjensidige Forsikring	12
43	Direct Line Insurance Group	11
44	American International Group UK Ltd	10
45	Chesnara plc	10
46	Tryg A/S	9
47	Vaudoise Assurances Holding	9
48	Admiral Group	7
49	Alm. Brand A/S	6

The data used in this work have been collected from the main financial sites. For all of the banks, the total assets refer to the 30/06/2020 balance sheet and are expressed in billions of USD.