The premium revenue of the continent’s largest insurance groups grew 7.8 percent last year, according to the Fundación MAPFRE
MAPFRE holds on to its rank as one of the top 10 insurance companies in Europe in the 2015 edition of the annual list compiled by Fundación MAPFRE. The premium revenue of the 10 largest European insurance groups grew 7.8 percent in 2015 compared with the previous year, climbing to 483,479 million euros.
This growth was achieved in a context fraught with difficulties and uncertainties in the global economic environment. One factor that clearly impacted the financial results of these groups, in terms of both revenues and earnings, was the fluctuation in the different exchange rates. This was particularly significant in 2015, most notably as a result of the depreciation of the euro and the Latin American currencies against the U.S. dollar and the British pound.
This is the 12th edition of the ranking, and the first one compiled by the MAPFRE Studies Service for Fundación MAPFRE, which also published the ranking of the largest Non-Life insurance companies in Europe, in which MAPFRE occupies the sixth position:
As a last point to note, nearly all the groups analyzed in the study either increased or maintained their solvency ratio in 2015, and they all evidence adequate levels of capitalization and financial strength.
MAPFRE is a case in point, boasting the highest solvency margin (expressed as the number of times by which a group exceeds its mandatory solvency) of the main European groups:
The complete rankings can be viewed at the following links: