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.

1Allianz Group1.144
2AXA S.A.903
3Legal & General Group721
4Assicurazioni Generali580
5Aviva plc571
6CNP Assurances494
8Prudential plc463
9Zurich Insurance Group375
10Munich Re331
11NN Group N.V.294
12Phoenix Group Holdings292
13Poste Italiano282
14Swiss Life Holding240
15Swiss Re238
17Chubb Ltd181
18St. James’s Place144
19Covea Mutual Insurance129
22Achmea Holding100
23PZU Group95
24Baloise Holding90
25Unipol Gruppo83
26Hannover Rueck82
27KLP Group81
29Helvetia Holding71
30Storebrand ASA70
31Sampo Oyj57
32Vienna Insurance Group55
34Cattolica Assicurazioni40
35Nuernberger Beteiligungs36
36UNIQA Insurance Group32
37Just Group plc29
38NFU Mutual25
39RSA Insurance Group23
40Liverpool Victoria (LV=)20
41Topdanmark A/S15
42Gjensidige Forsikring12
43Direct Line Insurance Group11
44American International Group UK Ltd10
45Chesnara plc10
46Tryg A/S9
47Vaudoise Assurances Holding9
48Admiral Group7
49Alm. Brand A/S6

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.

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