In 2023, the biggest European insurance group by insurance revenue was the German company Allianz, with over 91 billion euros. France's AXA took the second position with insurance revenue of around 81 billion euros. In terms of leading insurance markets in Europe, the United Kingdom ranked first with the highest value of premiums written, unsurprisingly followed by France and Germany.
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Leading European insurers from 2017 to 2023, by insurance revenue
(in billion euros)
Compiled by the source using data taken from the annual reports of the abovementioned groups. Aviva completed the sale of all discontinued operations in 2021. The data for 2020 was readjusted by the source to reflect the changes. Prior to 2023, the data reflects direct written premiums. The data represents direct written premiums up to 2022, shifting to insurance revenue under IFRS 17 thereafter.
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Mapfre. (July 24, 2024). Leading European insurers from 2017 to 2023, by insurance revenue (in billion euros) [Graph]. In Statista. Retrieved June 12, 2025, from https://www.statista.com/statistics/416188/leading-insurers-by-premiums-in-europe/
Mapfre. "Leading European insurers from 2017 to 2023, by insurance revenue (in billion euros)." Chart. July 24, 2024. Statista. Accessed June 12, 2025. https://www.statista.com/statistics/416188/leading-insurers-by-premiums-in-europe/
Mapfre. (2024). Leading European insurers from 2017 to 2023, by insurance revenue (in billion euros). Statista. Statista Inc.. Accessed: June 12, 2025. https://www.statista.com/statistics/416188/leading-insurers-by-premiums-in-europe/
Mapfre. "Leading European Insurers from 2017 to 2023, by Insurance Revenue (in Billion Euros)." Statista, Statista Inc., 24 Jul 2024, https://www.statista.com/statistics/416188/leading-insurers-by-premiums-in-europe/
Mapfre, Leading European insurers from 2017 to 2023, by insurance revenue (in billion euros) Statista, https://www.statista.com/statistics/416188/leading-insurers-by-premiums-in-europe/ (last visited June 12, 2025)
Leading European insurers from 2017 to 2023, by insurance revenue (in billion euros) [Graph], Mapfre, July 24, 2024. [Online]. Available: https://www.statista.com/statistics/416188/leading-insurers-by-premiums-in-europe/
