EUROPE: RANKING - EUROPE'S TOP 500 - HARD TIMES IN THE INSTITUTIONS.

EUROPE: RANKING - EUROPE'S TOP 500 - HARD TIMES IN THE INSTITUTIONS. -

by
Last Updated: 31 Aug 2010

Premiums Profitability Solidity

Rank Company Country £m R1 R2 S1 W1 Score

1(1) Sun Life GB 1,770 69.3 0.5 0.8 7.6 149.93

2(3) Prudential GB 8,784 62.0 0.8 1.3 7.1 132.46

3(5) Wurttg.

Vers.-Bet. Ger. 1,255 18.9 2.0 9.8 51.2 118.18

4(2) Lloyds

Abbey Life GB 1,411 29.9 3.4 11.6 6.3 106.16

5(7) Toro

Assicurazioni Italy 1,103 16.3 3.7 23.0 10.2 105.86

6(-) La Fondiaria Italy 1,728 14.3 3.2 21.0 21.3 103.10

7(4) GAN Fr. 4,625 11.6 0.6 4.8 62.8 75.74

8(6) Volksfurs.

Holding Ger. 1,446 47.0 0.6 1.2 3.3 74.27

9(9) EA-Generali Austria 1,618 12.9 1.3 9.6 44.7 73.62

10(-) Corporacion

Mapfre Sp. 978 10.2 2.0 19.7 17.6 59.25

11(10) Assicur.

Generali Italy 10,360 11.9 2.0 16.9 15.6 53.61

12(11) AGF Fr. 6,368 12.8 1.3 9.5 27.3 42.19

13(17) RAS Italy 1,719 8.6 1.7 19.6 12.9 39.51

14(8) AM/Leben Ger. 889 33.8 0.3 0.9 6.7 31.98

15(16) Pearl GB 1,354 31.4 0.7 2.3 2.8 29.09

16(-) SAI Italy 1,186 8.9 1.7 18.6 7.0 26.58

17(15) AEGON Holl. 2,835 17.7 1.3 7.4 10.4 23.58

18(28) Assitalia Italy 1,231 9.3 1.5 16.5 8.0 21.16

19(26) Legal +

General GB 2,513 29.3 0.5 1.5 6.0 20.98

20(18) Fortis Holl. 3,795 15.0 1.5 10.2 6.9 20.53

21(25) Colonia

Konzern Ger. 2,863 12.8 1.0 8.2 16.5 15.01

22(21) UAP Fr. 13,496 10.6 1.0 9.0 19.0 14.89

23(23) Allianz

Holding Ger. 19,047 12.3 1.2 9.2 11.8 10.75

24(27) Cardif Fr. 875 17.9 0.6 3.1 16.5 9.02

25(14) Victoire Fr. 7,449 14.6 1.4 8.8 4.5 8.07

26(31) Schweizer

Ruck Switz. 7,049 14.9 1.1 7.4 8.4 7.09

27(29) Zurich

Versicherung Switz. 8,685 10.5 1.2 11.2 8.2 4.44

28(22) AXA Fr. 10,121 8.8 1.4 11.7 7.0 2.87

29(38) Kolnische

Ruck Ger. 1,281 14.1 0.8 5.7 8.9 -4.92

30(13) Royale

Belge Belg. 1,151 11.7 1.1 9.1 4.7 -5.35

31(30) AMB Ger. 2,418 10.0 1.0 10.1 6.7 -6.08

32(24) Intl.

Nederlanden Holl. 6,465 13.3 0.9 7.2 5.4 -7.33

33(32) Winterthur Switz. 6,267 10.5 0.9 8.5 6.7 -11.21

34(35) Frankona Ger. 942 12.1 0.7 5.9 9.4 -11.29

35(34) Gerling

Allgemeine Ger. 1,124 8.2 0.9 11.2 5.1 -12.92

36(42) Munchener

Ruck Ger. 5,775 13.3 0.7 5.1 4.3 -19.25

37(37) Elvia Switz. 1,013 8.2 0.8 10.3 0.9 -24.33

38(39) Nurnberger

Beteilig. Ger. 1,291 11.6 0.4 3.6 7.9 -28.06

39(41) DBV

Holding Ger. 840 9.5 0.5 5.7 7.4 -28.25

40(33) Victoria

Holding Ger. 2,514 12.3 0.4 3.6 6.0 -28.34

41(40) Allianz

Leben Ger. 3,111 15.9 0.1 0.9 5.4 -30.59

42(43) Baloise

-Holding Switz. 2,612 6.7 0.5 8.1 5.0 -33.96

43(45) Commercial

Union GB 6,462 1.4 0.2 7.8 8.7 -51.55

44(46) General

Accident GB 4,924 -3.8 -0.4 14.6 -1.3 -77.67

45(49) Guardian

Royal GB 3512 -2.4 -0.1 9.5 -0.2 -79.50

46(47) Sun

Alliance GB 4,983 -8.3 -0.8 13.2 3.5 -94.91

47(36) Skandia Swe. 3,642 -22.4 -0.6 6.6 21.5 -122.75

48(48) UNI

Storebrand Nor. 1,506 14.2, -0.6 3.3 1.2 -140.94

49(12) Trygg-Hansa Swe. 833 -23.0 -4.5 25.7 11.7 -161.32

50(50) Royal

Insurance GB 5,044 -38.9 -0.8 4.4 1.8 -219.32

Hard times in the institutions

Europe's 2,000 odd insurance companies have endured a hectic year as they struggled to cope with soaring costs, a generally wretched claims experience and the need to prepare for next year's expected outbreak of cut-throat competition as they encounter the full rigours of the single market. Not much of this shows up yet, however, in the league table, where rankings, on the whole, remain remarkably stable. The big exceptions are mainly among the Scandinavians, like Sweden's Skandia (with an 11-place slippage) and Trygg-Hansa (down from number 12 to near-relegation) which both show the bruising effects of last year's struggle to corner risk business around the Baltic. Indeed Denmark's Baltica Holdings (formerly at 20) has now disappeared from the list. France's giants, AXA and Victoire, and several of their German and Benelux rivals, have been very active building alliances in preparation for 1994's market-share battles, and the first effect has been to dilute profitability and cost them several points of relative standing. But their local rival, GAN, dropped only from 4 to 7. Similarly the performance of Germany's vast Allianz group so far shows few scars from the row that is currently raging over its possibly overclose links with Dresdner Bank. Meanwhile Britain' s Sun Life remains the top performer, and Legal and General is one of the seven that managed to enhance their ranking.

Find this article useful?

Get more great articles like this in your inbox every lunchtime

Subscribe

Get your essential reading delivered. Subscribe to Management Today