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 | 2 |
| Generali Group | 490,718,965 | 3 |
| Legal & General Group plc | 445,132,842 | 4 |
| Aviva plc | 438,573,102 | 5 |
| CNP Assurances Group | 421,032,628 | 6 |
| Credit Agricole Assurances Group | 373,267,554 | 7 |
| Prudential plc | 320,886,230 | 8 |
| Munich Re Group | 258,767,000 | 9 |
| 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 |
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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 Source: Insurance Risk Data |
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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
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