Allianz group tops the list with a turnover reaching 128.99 billion USD, followed by AXA and Generali both of which posted turnovers of 105.58 and 74.3 billion USD respectively.
Read also | Ranking of European insurers in 2017 [4]
Top 50 European insurance and reinsurance companies per 2016 turnover
in billions USDRanking | Company | Country | Class of business | Turnover | Net result | Total assets | |||
---|---|---|---|---|---|---|---|---|---|
2015 | 2016 | 2015 | 2016 | 2015 | 2016 | ||||
1 | Allianz Group | Germany | Life and non life | 136.79 | 128.99 | 7.63 | 7.64 | 927.64 | 931.30 |
1 | AXA | France | Life and non life | 107.23 | 105.58 | 6.14 | 6.14 | 969.30 | 940.75 |
3 | Generali | Italy | Life and health | 81.03 | 74.30 | 2.22 | 2.19 | 546.95 | 549.19 |
4 | Munich Re (1) | Germany | Life and non life | 55.07 | 51.53 | 3.41 | 2.72 | 293.83 | 282.19 |
5 | Zurich Insurance Group | Switzerland | Life and non life | 48.49 | 48.21 | 2.05 | 3.48 | 381.97 | 382.68 |
6 | Prudential (2) | United Kingdom | Life and health | 54.36 | 47.96 | 3.82 | 2.36 | 573.74 | 578.93 |
7 | CNP Assurances | France | Life and health | 34.70 | 47.12 | 1.23 | 1.26 | 430.23 | 441.65 |
8 | Chubb | Switzerland | Non life | 26.02 | 36.86 | 3.10 | 4.36 | 111.79 | 168.37 |
9 | Lloyd’s of London(1) | United Kingdom | Non life | 39.57 | 36.74 | 3.24 | 2.93 | 123.99 | 125.02 |
10 | Swiss Re | Switzerland | Life and non life | 32.25 | 35.62 | 4.60 | 3.56 | 196.14 | 215.07 |
11 | HDI (3) | Germany | Life and non life | 34.75 | 32.78 | 1.54 | 1.65 | 166.92 | 164.98 |
12 | Crédit Agricole Assurances | France | Life and health | 33.22 | 32.45 | 1.13 | 1.44 | 377.03 | 380.66 |
13 | Aviva | United Kingdom | Life and non life | 32.51 | 31.31 | 1.63 | 1.06 | 574.99 | 541.92 |
14 | AEGON | Netherlands | Life and health | 25.05 | 24.71 | -0.57 | 0.62 | 454.27 | 448.82 |
15 | MAPFRE | Spain | Non life | 24.38 | 24.04 | 1.31 | 1.31 | 69.37 | 71.53 |
16 | BNP Cardif | France | Life and health | 24.18 | 21.92 | 0.43 | 0.46 | 193.84 | 195.57 |
17 | Natixis Assurances | France | Life and health | 6.36 | 21.31 | 0.21 | 0.21 | 70.13 | 87.07 |
18 | Poste Vita | Italy | Life and health | 19.88 | 20.95 | 0.38 | 0.42 | 114.73 | 125.39 |
19 | Achmea | Netherlands | Life and health | 21.77 | 20.55 | 0.42 | -0.40 | 102.10 | 98.01 |
20 | SGAM Covéa | France | Life and non life | 18.85 | 17.18 | 1.15 | 0.87 | 102.82 | 120.13 |
21 | Unipol Gruppo Finanziario | Italy | Life and non life | 18.00 | 15.60 | 0.95 | 0.68 | 98.09 | 96.83 |
22 | R+V Versicherung | Germany | Life and non life | 15.88 | 15.56 | 0.50 | 0.54 | 94.43 | NA |
23 | SCOR | France | Life and non life | 14.64 | 14.54 | 0.70 | 0.64 | 45.46 | 45.52 |
24 | Groupama | France | Life and non life | 14.81 | 14.31 | 0.40 | 0.34 | 117.24 | 103.36 |
25 | XL Catlin | Ireland | Non life | 10.98 | 13.89 | 1.21 | 0.44 | 58.68 | 58.43 |
26 | Bupa | United Kingdom | Life and health | 14.57 | 13.59 | 0.41 | 0.47 | 17.52 | 16.62 |
27 | Swiss Life Holding (2) | Switzerland | Life and health | 13.90 | 12.98 | 0.89 | 0.91 | 191.01 | 196.03 |
28 | Legal & General Group | United Kingdom | Life and health | 9.37 | 12.70 | 1.62 | 1.56 | 588.29 | 575.68 |
29 | Société générale Insurance | France | Life and health | 12.36 | 12.07 | 0.34 | 0.34 | 127.97 | 128.10 |
30 | Assurances du Crédit Mutuel | France | Life and health | 11.51 | 11.36 | 0.81 | 0.78 | 100.58 | 117.94 |
31 | Cooperatie VGZ | Netherlands | Life and health | 12.74 | 11.09 | 0.23 | -0.08 | 8.63 | 7.43 |
32 | AG2R La mondiale | France | Life and health | 11.26 | 10.61 | 0.33 | 0.34 | 108.50 | 110.64 |
33 | NN Group | Netherlands | Life and health | 10.06 | 9.93 | 1.74 | 1.25 | 177.18 | 177.56 |
34 | Lloyds Banking Group | United Kingdom | Life | 7.10 | 9.92 | NA | NA | 211.44 | 181.03 |
35 | Ageas | Belgium | Life and non life | 10.14 | 9.86 | 0.24 | 0.99 | 113.96 | 110.10 |
36 | Vienna Insurance Group | Austria | Life and non life | 9.86 | 9.54 | -0.02 | 0.34 | 48.61 | 52.69 |
37 | OWM CZ Groep Zorgverkeraar | Netherlands | Life and health | 9.74 | 9.40 | NA | NA | 6.42 | 6.69 |
38 | Scottish Widows Group | United Kingdom | Life and health | -1.86 | 9.08 | 0.21 | 0.21 | 200.26 | 176.78 |
39 | RSA Insurance | United Kingdom | Life and non life | 10.17 | 8.88 | 0.36 | 0.02 | 30.56 | 26.01 |
40 | Intesa Sanpaolo Vita (2) | Italy | Life and health | 13.11 | 8.33 | 0.67 | 0.67 | 123.46 | 129.34 |
41 | Helvetia Holding | Switzerland | Life and non life | 8.16 | 8.25 | 0.31 | 0.37 | 54.65 | 54.20 |
42 | VKB | Germany | Life and non life | 8.33 | 8.24 | 0.22 | 0.20 | 52.34 | 51.16 |
43 | Huk-Coburg | Germany | Life and non life | 6.88 | 6.95 | 0.62 | NA | 32.56 | NA |
44 | MACIF | France | Life and non life | 6.67 | 6.63 | 0.22 | 0.20 | 38.27 | 38.48 |
45 | Bâloise Holding | Switzerland | Life and non life | 6.90 | 6.59 | 0.52 | 0.52 | 79.51 | 79.12 |
46 | AIG Europe | United Kingdom | Non life | 6.94 | 6.09 | 0.45 | -0.24 | 19.41 | 18.84 |
47 | Sampo | Finland | Non life | 6.03 | 5.66 | 1.81 | 1.74 | 38.94 | 39.99 |
48 | UNIQA Insurance | Austria | Life and non life | 5.69 | 5.32 | 0.37 | 0.16 | 36.38 | 35.45 |
49 | Grupo Mutua Madrileña | Spain | Life and non life | 4.70 | 4.95 | 0.15 | 0.16 | 9.81 | 10.56 |
50 | Direct Line Group | United Kingdom | Non life | 4.67 | 4.02 | 0.75 | 0.43 | 14.75 | 12.45 |
(2) Earned premiums (3) Including Hannover Re, subsidiary of Talanx group
NA: not available Source: Companies’ reports
Exchange rate as at 31/12/2015 - EUR/USD: 1,0927 - CHF/USD: 1.00928 -GBP/USD: 1.48259 | Exchange rate as at 31/12/2016 -EUR/USD: 1.05373 -CHF/USD: 0.98148 -GBP/USD: 1.23046 |
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