Here is a list of the largest insurance companies in Europe according to their assets. Allianz Group, a German-based company, is the largest insurer in Europe with assets of about $1.1 trillion. It is also the largest insurance company in Europe by market capitalization. As of December 10, 2019, it had a market value of approximately US$99 billion. AXA, headquartered in Paris, is the second largest insurance company in Europe in terms of total assets. The top 10 European insurers include 3 UK companies and two insurers from France.
|Rank||Company||Country||Total Assets, US$b (December 31, 2018)|
|4||Legal & General Group plc||UK||618.988|
|5||Assicurazioni Generali S.p.A.||Italy||585.417|
|7||CNP Assurances SA||France||450.621|
|9||Zurich Insurance Group AG||Switzerland||374.589|
|11||Phoenix Group Holdings||UK||282.105|
|12||NN Group N.V. *||Netherlands||255.337|
|13||Swiss Life Holding AG||Switzerland||216.530|
|14||Swiss Re AG||Switzerland||200.751|
|17||Covea Mutual Insurance ^||France||124.711|
|20||Achmea Holding N.V.||Netherlands||93.581|
|21||Unipol Gruppo S.p.A.||Italy||87.614|
|23||Baloise Holding AG||Switzerland||81.653|
|24||KLP Group **||Norway||77.390|
|28||Helvetia Holding AG||Switzerland||59.230|
|29||Vienna Insurance Group||Austria||58.334|
|32||Cattolica Assicurazioni SC||Italy||37.880|
|33||Nuernberger Beteiligungs AG||Germany||35.656|
|34||Uniqa Insurance Group AG||Austria||32.259|
|35||NFU Mutual ***^||UK||24.556|
|36||RSA Insurance Group plc||UK||22.870|
|37||Liverpool Victoria (LV=)||UK||22.747|
|38||AIG Europe Limited (AEL) ^||UK||20.270|
|39||Gjensidige Forsikring ASA||Norway||17.852|
|40||Allied World ****||Switzerland||13.600|
|42||Direct Line Insurance Group plc||UK||10.377|
|45||Vaudoise Assurances Holding S.A.||Switzerland||8.145|
* NN Group merged with its competitor Delta Lloyd NV, a Dutch insurer, in 2017.
** Kommunal Landspensjonskasse (KLP) is the largest life insurance company in Norway.
*** NFU Mutual, UK's leading rural insurer, is a trading name for National Farmers Union Mutual Insurance Society.
**** Allied World Assurance Company Holdings, GmbH operates as a subsidiary of Fairfax Financial since July 2017.
^ Data as of 31.12.2017