Largest European Insurance Companies

Following is a list of the largest European insurance companies ranked by premium volume. AXA, based in France, is the largest insurance company in Europe by gross premiums written. Allianz Group, based in Germany, is the second largest European insurer by premiums and the largest by assets and market capitalization.

Rank Insurance Company Country Premium Volume, EUR b *
1 AXA S.A. France 96.825
2 Allianz SE Germany 86.062
3 Generali Group Italy 74.304
4 Munich Re Germany 59.566
5 Zurich Insurance Switzerland 49.248
6 Lloyd's UK 46.715
7 Talanx Germany 45.507
8 Chubb Switzerland 41.304
9 Swiss Re Switzerland 41.196
10 Crédit Agricole Assurances France 36.454
11 CNP Assurances France 31.765
12 BNP Paribas Cardif France 27.093
13 Aviva Plc UK 23.107
14 Mapfre Spain 22.154
15 Prudential plc UK 21.382
16 Achmea B.V. Netherlands 20.026
17 R+V Versicherung Germany 19.184
18 Covéa France 19.178
19 ERGO Group ** Germany 18.213
20 Poste Vita Italy 17.869
21 SCOR SE France 17.600
22 Sogecap *** France 15.766
23 Groupama France 15.238
24 NN Group Netherlands 14.312
25 Swiss Life Hldg Switzerland 14.063
26 Aegon Netherlands 13.731
27 Legal & General UK 12.359
28 Unipol Gruppo Italy 12.328
29 Assurances du Credit Mutuel France 12.106
30 BUPA UK 11.141
31 Aema Groupe France 11.035

* Premium volume for FY 2021
** ERGO Group AG is a subsidiary of Munich Re.
*** Sogecap S.A. is the life and savings insurance subsidiary of Societe Generale group.