Leading European life & health insurance companies by market cap 2023

As of May 2023, Allianz was the leading life and health insurer in Europe, with a market value of about 94 billion U.S. dollars. The second largest European life and health insurance company, with market value of approximately 83 billion U.S. dollars, was Swiss insurer Chubb. Allianz and AXA were the largest European insurance companies by total assets.

Market capitalization

Market capitalization, also known as stock market value, is the total value of issued shares of a publicly traded company. It is equal to the share price multiplied by the number of shares outstanding. It applies only to publicly traded companies or companies that have made their stock market debut, also known as the initial public offering, or an IPO. Due to the practice of buying and selling stock in public markets, market capitalization can be used as a proxy for the wider public’s opinion of a company’s net worth.

The insurance industry in the United Kingdom (UK)

Although the largest insurers hailed from Germany and France, the UK was still the largest insurance market. The UK is the largest insurance industry in Europe by premiums written. In the same year, the ratio of premiums to GDP, also referred to as insurance penetration, was 10.4 percent.