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. Before 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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Insurance firms in Europe 2024, by insurance revenue
The European insurance market is dominated by German giant Allianz, which led the pack in 2024 with insurance revenue exceeding ** billion euros. French insurer AXA secured the second spot with around ** billion euros in revenue.Â
Market capitalization and industry leaders
Market capitalization offers valuable insights into a company's perceived worth in the public eye. As of March 2026, Allianz continued to assert its dominance as Europe's leading life insurer with a market value of about *** billion U.S. dollars. Swiss insurer Chubb, primarily focused on property and casualty insurance, followed closely with a market capitalization of approximately *** billion U.S. dollars.Â
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Mapfre. (June 18, 2025). Leading European insurers in 2024, by insurance revenue (in billion euros) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 31, 2026, from /statistics/416188/leading-insurers-by-premiums-in-europe/
Mapfre. "Leading European insurers in 2024, by insurance revenue (in billion euros)." Chart. June 18, 2025. ÌÇÐÄÆƽâ°æ. Accessed July 31, 2026. /statistics/416188/leading-insurers-by-premiums-in-europe/
Mapfre. (2025). Leading European insurers in 2024, by insurance revenue (in billion euros). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 31, 2026. /statistics/416188/leading-insurers-by-premiums-in-europe/
Mapfre. "Leading European Insurers in 2024, by Insurance Revenue (in Billion Euros)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 18 Jun 2025, /statistics/416188/leading-insurers-by-premiums-in-europe/
Mapfre, Leading European insurers in 2024, by insurance revenue (in billion euros) ÌÇÐÄÆƽâ°æ, /statistics/416188/leading-insurers-by-premiums-in-europe/ (last visited July 31, 2026)
Leading European insurers in 2024, by insurance revenue (in billion euros) [Graph], Mapfre, June 18, 2025. [Online]. Available: /statistics/416188/leading-insurers-by-premiums-in-europe/
