Germany: Top 15 Insurance Companies with Highest Gross Written Premiums [2021] (2024)

According to our database (as of May 2023), a total of more than 5.3M businesses operate in Germany. 11.42%of them (more than 608 thousand) operate in Finance, Insurance, and Real Estate. These companies generate 22.6% of total salesgenerated by all businesses registered in Germany and employ 19% of all employeesin Germany. The TOP 15 Insurance companiesin Germany reported EUR 256B in gross written premiums in 2021- the TOP 3 companies were responsible for more than 77% of the total.

All data used below is available in individual companies’ annual reports.

Allianz Gruppe had the highest gross written premiums in 2021

Allianz Gruppe was first with reported gross written premiums of EUR 94.2B. Allianz Gruppe is a leading global insurance and financial services company headquartered in Germany. It provides insurance solutions for individuals and businesses as well as investment and asset management services.

Munich Re Groupwas second with EUR 59.6B in gross written premiums in 2021. Munich Re is one of the world's largest reinsurance companies providing risk management and insurance solutions to clients around the globe.

Talanx Aktiengesellschaft was third with EUR 45.5B. It is a leading German insurance and financial services company that operates in over 150 countries. The company offers a wide range of insurance solutions including life, health, property, and liability insurance.

Versicherungskammer Bayern Versicherungsanstalt des öffentlichen Rechts was fourth with EUR 9.3B in gross written premiums in 2021. This company focuses primarily on health and life insurance. It is the largest public insurer in Germany providing insurance solutions for public sector employees and other clients.

HUK-COBURG Versicherungsgruppe was fifth with reported gross written premiums of EUR 8.2B. It is a German insurance company that specializes in car insurance. The company also offers other insurance solutions including liability, property, and legal expenses insurance.

Provinzial Konzern was sixth with EUR 6.8B in gross written premiums in 2021. The company provides insurance solutions for individuals and businesses. Provinzial Konzern operates in several German states and offers a wide range of insurance products including property, liability, and life insurance.

Generali Deutschland Lebenversicherung AG was seventh with EUR 5.9B. The company is part of the Generali Group, a leading global insurance provider. Generali Deutschland Lebenversicherung AGis a subsidiary of ASSICURAZIONI GENERALI SPA that is based in Italy. Generali Deutschland Lebenversicherung AG offers a wide range of insurance solutions including life, property, and liability insurance.

Gothaer Group was eighth with EUR 4.7B in gross written premiums in 2021. The company offers a range of products, including property, liability, and health insurance.

Continentale Krankenversicherung a.G was ninth with EUR 4.3B. Continentale Krankenversicherung a.G. is a German insurance company that offers health insurance solutions to individuals, families, and businesses. The company offers a wide range of plans including basic, standard, and premium coverage.

AXA Versicherung AGwas tenth with reported gross written premiums of EUR 4.1B in 2021. AXA Versicherung AG is a subsidiary of AXA - a global insurance provider based in France. AXA Versicherung AGoffers a wide range of solutions including property, liability, and life insurance.

LVM Konzern LVM was eleventh with EUR 4.1B. It is a German insurance company that specializes in insurance solutions for agricultural businesses and farmers. The company offers coverage for livestock, crops, machinery, and buildings.

Debeka Lebensversicherungsverein auf Gegenseitigkeit was twelfth with EUR 3.9B in gross written premiums in 2021. It is a German insurance company that specializes in providing life insurance solutions to individuals and families. The company operates as a mutual insurer - it means that it is owned by its policyholders rather than shareholders.

R+V VERSICHERUNG AG was thirteenth with EUR 3.5B. This company offers a wide range of insurance solutions including life, health, liability, and property insurance.

Landschaftliche Brandkasse Hannover was fourteenth with EUR 1.6B. Landschaftliche Brandkasse Hannover is a German insurance company that specializes in providing insurance solutions for farmers and rural communities. The company offers coverage for farm buildings, livestock, crops, and liability.

WWK Lebensversicherung auf Gegenseitigkeit was fifteenth with reported gross written premiums of EUR 1.3B in 2021. WWK is a German insurance company that offers a wide range of insurance solutions including life, health, and disability insurance as well as pension plans.

Allianz Gruppe had the highest profit both before and after tax in 2021

Allianz Gruppereported the highest profit before tax in 2021 - EUR 9.5B. Munich Re Groupwas second with EUR 3.5B. Talanx Aktiengesellschaftwas third with EUR 2.3B, followed by HUK-COBURG Versicherungsgruppe(EUR 628.6M), LVM Konzern(EUR 415.1M), VHV Vereinigte Hannoversche Versicherung a.G.(EUR 381.7M), AXA Versicherung AG(EUR 329.8M), Versicherungskammer Bayern Versicherungsanstalt des öffentlichen Rechts(EUR 305M), R+V VERSICHERUNG AG(EUR 256.7M), Landschaftliche Brandkasse Hannover(EUR 182.8M), GOTHAER Versicherungsbank VVaG(EUR 178.8M), Continentale Krankenversicherung a.G. (EUR 120.2M), Generali Deutschland Lebenversicherung AG(EUR 43.6M), Debeka Lebensversicherungsverein auf Gegenseitigkeit(EUR 34.6M), and WWK Lebensversicherung auf Gegenseitigkeit(EUR 9.5M).

Allianz Gruppealso reported the highest profit after tax in 2021 - EUR 7.1B. Munich Re Groupwas second with EUR 2.9B. Talanx Aktiengesellschaft was third with EUR 1.7B, followed by HUK-COBURG Versicherungsgruppe (EUR 381.2M), VHV Vereinigte Hannoversche Versicherung a.G.(EUR 289.8M), LVM Konzern(EUR 256M), AXA Versicherung AG(EUR 245.3M), Versicherungskammer Bayern Versicherungsanstalt des öffentlichen Rechts(EUR 173M), Landschaftliche Brandkasse Hannover(EUR 100.5M), R+V VERSICHERUNG AG(EUR 87.2M), GOTHAER Versicherungsbank VVaG(EUR 82.1B), Continentale Krankenversicherung a.G.(EUR 55.8M), Debeka Lebensversicherungsverein auf Gegenseitigkeit(EUR 25M), Generali Deutschland Lebenversicherung AG(EUR 20.5M), and WWK Lebensversicherung auf Gegenseitigkeit(EUR 9M).