Following list shows the top 50 insurance companies in Europe based on total assets. AXA, a France-based company, is the largest insurance company in Europe and globally. It is also one of the world's largest asset managers with total assets under management of over €1.4 trillion. Allianz, headquartered in Munich, Germany, is the second largest European insurer in terms of assets. Three of the top 6 insurance companies are UK institutions.
| Rank | Company | Country | Total Assets (US$b) | Balance sheet |
| 1 | AXA | France | 944.145 | 12/31/2016 |
| 2 | Allianz | Germany | 934.654 | 12/31/2016 |
| 3 | Prudential plc | UK | 578.149 | 12/31/2016 |
| 4 | Legal & General | UK | 574.901 | 12/31/2016 |
| 5 | Generali | Italy | 551.168 | 12/31/2016 |
| 6 | Aviva | UK | 541.188 | 12/31/2016 |
| 7 | Aegon | Netherlands | 450.439 | 12/31/2016 |
| 8 | CNP Assurances | France | 443.242 | 12/31/2016 |
| 9 | Zurich Insurance | Switzerland | 382.679 | 12/31/2016 |
| 10 | Munich Re | Germany | 283.206 | 12/31/2016 |
| 11 | Standard Life | UK | 234.081 | 12/31/2016 |
| 12 | Swiss Re | Switzerland | 215.065 | 12/31/2016 |
| 13 | Old Mutual | UK | 210.823 | 12/31/2016 |
| 14 | Swiss Life | Switzerland | 196.373 | 12/31/2016 |
| 15 | NN Group NV | Netherlands | 178.199 | 12/31/2016 |
| 16 | Talanx AG | Germany | 165.579 | 12/31/2016 |
| 17 | Chubb Ltd | Switzerland | 159.786 | 12/31/2016 |
| 18 | Covea Mutual Insurance | France | 112.668 | 12/31/2015 |
| 19 | Ageas | Belgium | 110.294 | 12/31/2016 |
| 20 | Phoenix Group | UK | 105.676 | 12/31/2016 |
| 21 | Groupama | France | 103.728 | 12/31/2016 |
| 22 | Achmea | Netherlands | 98.366 | 12/31/2016 |
| 23 | Unipol Gruppo | Italy | 97.184 | 12/31/2016 |
| 24 | Delta Lloyd | Netherlands | 80.792 | 12/31/2016 |
| 25 | Baloise | Switzerland | 79.259 | 12/31/2016 |
| 26 | Mapfre | Spain | 71.787 | 12/31/2016 |
| 27 | KLP Group (1) | Norway | 69.407 | 12/31/2016 |
| 28 | Hannover Re | Germany | 67.184 | 12/31/2016 |
| 29 | Storebrand | Norway | 60.508 | 12/31/2016 |
| 30 | XL Group | Bermuda | 58.434 | 12/31/2016 |
| 31 | Helvetia Holding | Switzerland | 54.299 | 12/31/2016 |
| 32 | Vienna Insurance | Austria | 52.981 | 12/31/2016 |
| 33 | SCOR SE | France | 45.784 | 12/31/2016 |
| 34 | Mediolanum | Italy | 44.386 | 12/31/2016 |
| 35 | Sampo Oyj | Finland | 40.139 | 12/31/2016 |
| 36 | Uniqa Insurance Group | Austria | 34.981 | 12/31/2016 |
| 37 | PZU SA | Poland | 30.075 | 12/31/2016 |
| 38 | Nuernberger Beteiligungs | Germany | 29.624 | 06/30/2016 |
| 39 | RSA Insurance Group | UK | 25.976 | 12/31/2016 |
| 40 | Societa Cattolica di Assicurazione | Italy | 25.627 | 12/31/2016 |
| 41 | NFU Mutual (2) | UK | 22.207 | 12/31/2016 |
| 42 | Liverpool Victoria (LV=) | UK | 20.730 | 12/31/2016 |
| 43 | AIG Europe Limited | UK | 18.817 | 11/30/2016 |
| 44 | Gjensidige Forsikring | Norway | 15.826 | 12/31/2016 |
| 45 | Allied World Assurance Company | Switzerland | 13.179 | 12/31/2016 |
| 46 | Direct Line Insurance Group | UK | 12.438 | 12/31/2016 |
| 47 | Topdanmark A/S | Denmark | 10.451 | 12/31/2016 |
| 48 | Amlin (3) | UK | 8.612 | 12/31/2015 |
| 49 | Chesnara | UK | 7.491 | 12/31/2016 |
| 50 | Tryg A/S | Denmark | 7.092 | 12/31/2016 |
The exchange rate on December 30, 2016.
1 - KLP Group is Kommunal Landspensjonskasse.
2 - NFU Mutual is trading name of The National Farmers Union Mutual Insurance Society Limited.
3 - Amlin plc was acquired by Mitsui Sumitomo Insurance Group in 2016.