2025 Revenue ranking of the largest European insurance groups / MAPFRE Economics. — Madrid : Fundación MAPFRE, 202646 p.Traducción de: Ranking de ingresos de los mayores grupos aseguradores europeos 2025. - Madrid : Fundación MAPFRE, 2026Rankings: total, Non-Life, Life, other aggregates: profit and loss and balance sheet; combined ratio; solvency ratios -- Analysis of CSM and financial performance -- Data and metrics -- Index of tables and charts. — Sumario: The report presents a ranking of the 20 largest European insurance groups and examines their financial performance in 2024 and 2025, based on information contained in their annual financial statements. This edition expands the sample to 20 groups, thereby offering a more comprehensive industry perspective. Furthermore, the study consolidates the methodological approach adopted following the entry into force of IFRS 17 and IFRS 9. Consequently, it employs insurance revenue as the primary metric, replacing the traditional gross written premiums, which ensures comparability under the current regulatory framework. The document also includes a section analyzing the evolution of the contractual service margin (CSM) and the investment returns of the insurance groups under review. Finally, it examines key indicators such as solvency levels, net earnings, and the composition of the balance sheet structure for each insurance group1. Mercado de seguros. 2. Grupos aseguradores. 3. Seguros no vida. 4. Seguro de vida. 5. Ranking. 6. Europa. I. Fundación Mapfre. II. Mapfre Economics. III. Title.
