In this article, we will take a look at the 5 biggest European insurance companies. If you want to see more companies in this selection, go to the 15 Biggest European Insurance Companies.
5. Zurich Insurance Group AG (ZURN.SW)
Market Capitalization: $70.99 billion (CHF63.23 billion)
2022 Gross Premium Written: $56.12 billion
Zurich Insurance Group AG (ZURN.SW) is a Zürich, Switzerland-based insurance company that offers a diverse portfolio of insurance products and services to individuals, small businesses, and large corporations in more than 215 countries and territories. Zurich Insurance Group was founded in 1872 as the “Versicherungs-Verein” (Insurance Association) in Zurich, Switzerland. Today, it is one of the largest insurance companies in the world, with more than 53,300 employees worldwide. Zurich Insurance Group operates through three key business segments: Property & Casualty Insurance, Life Insurance, and Farmers Group, Inc.
4. AXA SA (CS.PA)
Market Capitalization: $73.26 billion (€66.28 billion)
2022 Gross Premium Written: $107.02 billion (€96.83 billion)
AXA SA (CS.PA) is a Paris, France-based transnational insurance corporation that came into being in 1817 as Mutuelle de l’Assurance contre l’incendie (Mutual Insurance against Fire) and was renamed AXA in 1985. AXA SA (CS.PA) operates in over 51 countries worldwide and serves over 93 million customers through its 145,000 employees. The company is divided into five business segments: Life & Savings, Property & Casualty, International Insurance, Asset Management, and Banking. AXA SA (CS.PA) operates as not only an insurance provider but also an asset management and financial services firm.
3. BNP Paribas Cardif
Market Capitalization (BNP Paribas SA – BNP.PA): $73.27 billion
2022 Gross Premium Written: $33.18 billion (€30 billion)
BNP Paribas Cardif is the insurance arm of BNP Paribas, one of the largest banking groups globally. BNP Paribas Cardif was established in 1973 and deals in insurance products and services for individuals and businesses in more than 30 countries worldwide. The company’s focus is on providing a unique range of savings solutions to its customers. BNP Paribas Cardif is focused on digital innovation, with a strong emphasis on providing customers with a seamless digital insurance experience.
2. Chubb Limited (NYSE:CB)
Market Capitalization: $82.16 billion
2022 Gross Premium Written: $52 billion
Chubb Limited (NYSE:CB) owns multiple entities that play important roles within the insurance industry. These include Chubb Life Europe SE, which focuses on life insurance, Chubb Tempest Re, which serves as their property and casualty reinsurance arm; and Combined Insurance, which specializes in offering supplemental insurance products for clients. Chubb Limited (NYSE:CB) was formed in 2016 through the merger of ACE Limited and Chubb Corporation. The company has a strong presence in Europe, with 34 offices in over 17 countries and more than 1,200 employees.
1. Allianz SE (ALV.DE)
Market Capitalization: $99.07 billion (€89.64 billion)
2022 Gross Premium Written: $104.10 billion (€94.19 billion)
Allianz SE (ALV.DE) is a Munich, Germany-based insurance entity that was founded in 1890 as “Allianz Versicherungs-Aktiengesellschaft.” Allianz operates in over 70 countries worldwide and serves over 122 million customers through its 159,000 employees. The company is divided into three main business segments: Property-Casualty, Life/Health, and Asset Management. The Asset Management segment provides investment management and advisory services to institutional and retail clients. Allianz SE (ALV.DE) stock offers an annual forward dividend yield of 5.09% as of May 1.
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