Top 20 EEA insurers by assets in 2018

Allianz Group tops Insurance Risk Data's league table of EEA insurance groups by total assets in 2018.

Top 20 EEA insurance groups, according to Total Assets (€ '000), 2018

 Total assets (€ 000)  Ranking
 Allianz SE Group  709,002,372 1
 AXA Group  623,926,525
 Generali Group  490,718,965
 Legal & General Group plc  445,132,842
 Aviva plc  438,573,102
 CNP Assurances Group  421,032,628
 Credit Agricole Assurances Group  373,267,554
 Prudential plc  320,886,230
 Munich Re Group  258,767,000
 BNP Paribas Cardif Group  235,978,000 10 
 NN Group N.V.  182,927,435 11
 Aegon N.V.  172,963,464 12 
 Intesa Sanpaolo Vita Group  157,820,873 13 
 Standard Life Assurance Limited  157,576,276 14 
 Talanx (HDI Group)  149,717,019 15 
 Sogécap Group  149,000,000 16 
 Scottish Widows Group Limited  134,274,271 17 
 Assurances du Crédit Mutuel Group  131,445,747 18 
 Poste Vita Insurance Group  131,223,664 19 
 Covea SGAM  116,759,836 20 

Methodology

The total assets were taken from the balance sheet. All figures are standardised to euros, using the appropriate exchange rate on the last day of the reporting period for companies that report in currencies
other then euros. For 2018, total assets were calculated for 2,362 group and solo insurance entities. Any
solo entities whose parents were higher on the list were stripped out. The top 20 were then ranked.

Source: Insurance Risk Data

The German insurer held €709bn ($788bn) of assets at the end of 2018, a fraction higher than the previous year.

The uptick in assets came amid a successful 12 months, when its total revenues grew 3.5% year-on-year to €130.6bn. The group's operating profit rose by 3.7% year-on-year to €11.5bn and was the highest in its history.
Axa Group ranks second in the listing with €624bn of assets in 2018, less than 1% up on 2017.

The year 2018 was certainly a decisive year for the French insurer, thanks to the IPO of its US life insurance and asset management businesses and the acquisition of XL Group.

Generali Group comes third in Insurance Risk Data's EEA rankings with €491bn in assets in 2018, compared with €514bn in 2017.

The Italian group divested a number of businesses during 2018, including those in the Netherlands, Panama and Colombia. The sale of Generali Belgium, launched in April 2018, was completed in January 2019.

Insurance Risk Data

Insurers' solvency and financial condition reports, and associated data, are available to users of Insurance Risk Data, a database from Field Gibson Media, InsuranceERM's publisher.

The database combines European insurers' financial and regulatory filings, including the Solvency II SFCR disclosures, into a single, comprehensive and user-friendly database. It is ideal for market/peer/prospect analysis, research and benchmarking.

To find out more about Insurance Risk Data, please email: [email protected]