Intellifluence Trusted Blogger

Full Stocks Analysis of Europe’s Best Insurance Companies

Disclaimer : We don’t directly give advice to buy or sell shares. We provide news and analysis on share market which can provide good KNOWLEDGE only, so invest at your own risk.

Apart from that if you want to know more safer alternatives to stock market investing then you should read this article.

If you are new to Share Market Analysis, you can learn more about Stocks Basics here.

In this stocks market analysis article you are going to get info on best European Insurance companies. You will get full stocks analysis, so read it full.

European Insurance Companies – Stocks Info

Company (Headquarters)Stock PriceMarket Cap (€B)Net Profit (Q1 2025, €B)Primary Index Listing
AXA (France)€32.5075.22.1Euronext Paris (CAC 40)
Allianz (Germany)€265.80102.42.4XETRA (DAX)
Generali (Italy)€23.7536.81.3Borsa Italiana (FTSE MIB)
Munich Re (Germany)€385.0052.11.5XETRA (DAX)
Zurich Insurance (Switz.)CHF 480 (~€485)68.31.2SIX Swiss Exchange (SMI)
Talanx (HDI Group) (Germany)€45.6019.50.6XETRA
Chubb (Switz./US)$265 (~€243)94.01.8NYSE (S&P 500)
Swiss Re (Switzerland)CHF 105 (~€106)31.20.9SIX Swiss Exchange
CNP Assurances (France)€18.2010.50.4Euronext Paris
Crédit Agricole Assurances (France)€12.808.70.3Euronext Paris (CAC Next 20)
Mapfre (Spain)€2.457.40.2BME (IBEX 35)
Prudential plc (UK)£9.80 (~€11.50)30.10.7LSE (FTSE 100)
Aviva (UK)£4.95 (~€5.80)15.90.5LSE (FTSE 100)
Legal & General (UK)£2.70 (~€3.15)18.60.45LSE (FTSE 100)

Extra Reference :

Euronext Paris

LSE

Financial Analysis of European Insurance Companies – Q1 2025 Financial Health

CompanyDebt/EquityROCE (%)P/E Ratio
AXA (France)0.4512.5%9.2
Allianz (Germany)0.3814.1%10.7
Generali (Italy)0.5211.8%8.5
Munich Re0.2815.3%7.9
Zurich Insurance0.3113.7%11.4
Talanx0.4910.9%12.1
Chubb0.2516.0%10.2
Swiss Re0.3314.5%9.8
CNP Assurances0.609.8%14.3
Mapfre0.558.7%15.0
Prudential0.4212.3%8.9
Aviva0.4710.5%11.8
Legal & General0.4011.0%10.5

Key Metrics Explained:

  • Debt/Equity: Lower = better (≤0.5 ideal for insurers).
  • ROCE (Return on Capital Employed): Higher = more efficient capital use (≥12% strong).
  • P/E Ratio: Lower = potentially undervalued (industry avg. ~10-12).

Top 3 Value Picks

  1. Munich Re
    • Best metrics: Lowest P/E (7.9), Strongest ROCE (15.3%), Conservative leverage (D/E 0.28)
    • Business: Global reinsurance leader with P&C specialty
  2. Generali
    • Value play: Undervalued (P/E 8.5), Improving ROCE (11.8%), Italian market recovery
    • Catalyst: Cost-cutting program showing results
  3. AXA
    • Balance: Optimal D/E (0.45), Stable ROCE (12.5%), Diversified revenue
    • Dividend: Consistent 5-6% yield historically

Companies to Approach Cautiously

  1. Mapfre
    • Concerns: Highest P/E (15.0), Weakest ROCE (8.7%), Spain-focused
  2. CNP Assurances
    • Issues: High debt (D/E 0.60), Subpar ROCE (9.8%), Pure life insurance focus
  3. Talanx
    • Challenges: Mid-tier ROCE (10.9%), Elevated P/E (12.1) vs peers

Piotroski F-Score Summary (Q1 2025) for Best Insurance Companies of Europe

CompanyPiotroski Score (9)
AXA (France)8
Allianz (Germany)9
Generali (Italy)6
Munich Re9
Zurich Insurance8
Talanx4
Chubb9
Swiss Re7
CNP Assurances1
Mapfre2
Prudential6
Aviva4
Legal & General5

Score Interpretation for Piotroski F Score Analysis

  • 9-7: Excellent financial health
  • 6-5: Moderate financial health
  • 4 or below: Weak financial health

Top Performers

  1. Allianz (9)
  2. Munich Re (9)
  3. Chubb (9)

Weakest Performers

  1. CNP Assurances (1)
  2. Mapfre (2)
  3. Aviva (4)

S&P Credit Ratings for European Insurance Stocks (2025)

CompanyS&P RatingOutlook
AXA (France)AA-Stable
Allianz (Germany)AAPositive
Generali (Italy)A+Stable
Munich ReAA-Stable
Zurich InsuranceA+Stable
Talanx (HDI Group)BBB+Stable
Chubb (Swiss/US)AA-Positive
Swiss ReA+Stable
CNP AssurancesBBBNegative
Mapfre (Spain)BBB-Stable
Prudential plc (UK)AStable
Aviva (UK)BBB+Stable
Legal & General (UK)A-Stable

Key Strengths:

  • AXA, Allianz, Munich Re, Chubb: Strong capital positions, global diversification, excellent underwriting.
  • Generali, Zurich, Swiss Re: Solid profitability and cost discipline.
  • Talanx, Mapfre, CNP: Regional niches or emerging market exposure.
  • Prudential, Aviva, Legal & General: Focused pension and life insurance business models, especially in the UK and Asia.

Key Risks:

  • AXA, Allianz, Swiss Re: Exposed to volatile financial markets and regulatory changes.
  • Generali, CNP, Mapfre: Sensitive to weak home market economies.
  • Munich Re, Swiss Re, Zurich: High exposure to natural catastrophes.
  • Aviva, Legal & General: Long-term pension liabilities, interest rate risks.
  • Talanx: Smaller scale compared to top-tier peers.
  • Chubb: Litigation and regulatory risks in the U.S. market.

Conclusion : Future Investment Outlook for Europe’s Best Insurance Stocks

Future Prospects & Financial Strengths (2025)

CompanyFuture OutlookFinancial Strengths
AXA (France)GoodDiversified global operations, strong solvency ratios, solid cash flow
Allianz (Germany)Very GoodMarket leader, strong balance sheet, consistent underwriting profitability
Generali (Italy)StableImproved operating efficiency, cost management, decent solvency
Munich ReGoodLeading reinsurance brand, high-quality reserves, disciplined capital management
Zurich InsuranceStableHealthy combined ratio, focused underwriting, strong in P&C
Talanx (HDI Group)ModerateNiche commercial strength, smaller capital base than peers
Chubb (Swiss/US)GoodStrong reserves, global scale, disciplined underwriting
Swiss ReModerateDeep reinsurance expertise, but earnings volatility from catastrophe risks
CNP AssurancesWeakHigh financial leverage, moderate returns, struggling life insurance margins
Mapfre (Spain)ModerateLatin America exposure diversifies risk; core profitability remains weak
Prudential plc (UK)GoodStrong growth in Asia, improving capital adequacy
Aviva (UK)StableRobust UK position, but pension/annuity risks persist
Legal & General (UK)StableSolid annuity business, strong asset management arm, reliant on UK economy

Investment Possibilities (2025)

CompanyLong-Term PotentialShort-Term Opportunity
AXA (France)✅ Strong✅ Good dividend yield
Allianz (Germany)✅ Very Strong✅ Excellent stability
Generali (Italy)☑️ Moderate☑️ Modest gains likely
Munich Re✅ Strong☑️ Slight volatility
Zurich Insurance☑️ Moderate✅ Safe income play
Talanx (HDI Group)☑️ Moderate❌ Low short-term appeal
Chubb (Swiss/US)✅ Strong✅ Short-term outperform
Swiss Re☑️ Watch closely❌ Volatile earnings
CNP Assurances❌ Weak❌ Risky short-term
Mapfre (Spain)☑️ Opportunistic❌ Wait & watch
Prudential plc (UK)✅ Growth-focused☑️ Dependent on Asia
Aviva (UK)☑️ Moderate✅ Attractive dividend
Legal & General (UK)☑️ Conservative buy✅ Solid short-term yield

Final Words: Top Picks (2025)

Based on financial strength, rating, prospects, and investment potential, here are the top recommended picks:

Top 3 Overall Long-Term Picks

  1. Allianz (Germany) – Excellent financials, consistent growth, highest credit rating (AA)
  2. AXA (France) – Well-diversified, strong dividends, global presence
  3. Chubb (Swiss/US) – Global P&C powerhouse, favorable rating and risk management

Best for Income (Dividends + Stability)

  • Zurich Insurance
  • Aviva (UK)
  • Legal & General (UK)

High-Growth

  • Prudential plc (UK) – Dominant in fast-growing Asian markets

So, this is it for Europe’s Best Insurance stocks. You can read many tables like Piotroski analysis etc fundamentals to get better idea about selecting best investments. Best of luck

Happy Investing

Leave a Reply

Your email address will not be published. Required fields are marked *