Top 15 insurers in Belgium according to 2020 turnover

Figures in millions

Rank	Companies	2020 turnover		2019 turnover		2019-2020 Evolution⁽¹⁾	2020 shares
Rank	Companies	EUR	USD	EUR	USD	2019-2020 Evolution⁽¹⁾	2020 shares
1	AG Insurance	6 099	7 491	6 629	7 424	-8.0%	21.4%
2	AXA	3 505	4 305	3 504	3 924	2.9%	12.3%
3	KBC	2 821	3 465	2 628	2 943	7.3%	9.9%
4	Ethias	2 679	3 291	2 570	2 878	4.2%	9.4%
5	Baloise	1 938	2 380	1 460	1 635	32.7%	6.8%
6	Belfius	1 710	2 100	1 840	2 060	-7.1%	6.0%
7	P&V Assurances	1 681	2 065	1 665	1 865	1.0%	5.9%
8	Allianz	1 624	1 995	1 635	1 831	-0.7%	5.7%
9	NN	1 111	1 365	1 285	1 439	-13.5%	3.9%
10	ERGO-DKV-DAS	997	1 225	993	1 112	0.4%	3.5%
11	Argenta	541	664	613	686	-11.7%	1.9%
12	Athora	513	630	642	719	-20.1%	1.8%
13	Fédérale Assurance	484	594	526	589	-8.0%	1.7%
14	Foyer	228	280	-	-	-	0.8%
15	Credimo	171	210	234	262	-26.9%	0.6%
Top 15 insurers		26 102	32 060	26 224	29 367	-0.5%	91.6%
Rest of the market ⁽²⁾		2 397	2 944	2 955	3 309	-18.9%	8.4%
Grand total		28 499	35 004	29 179	32 676	-2.3%	100%

⁽¹⁾ Evolution in local currency
⁽²⁾ 40 companies

	2020	2019
EUR/USD	1.22824	1.11986

Read also | Belgian insurance market

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Fri, 27/05/2022 - 17:09

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