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Top 20 European insurance companies by market cap, Q3'19

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Top 20 European insurance companies by market cap, Q3'19

Zurich Insurance Group AG climbed one spot to become the third-largest European insurer by market capitalization as of Sept. 30, as its shares rose 12.4% over the third quarter, according to an S&P Global Market Intelligence analysis.

Zurich supplanted U.K.-based Prudential PLC, which slipped to No. 4 after its shares dropped 14.0%. Fellow U.K.-based insurers Aviva PLC and Legal & General Group PLC also registered declines in their market capitalization over the quarter, with both dropping a spot in the rankings and being leapfrogged by No. 9 Hannover Re.

A 13.7% increase in market cap for Belgium's Ageas SA/NV vaulted the company to 16th as of Sept. 30 from 20th three months earlier. Poland's PZU SA had moved into the top 20 after the second quarter, but fell back out three months later, dropping three spots to 23rd.

It was replaced by Switzerland's Bâloise Holding AG, which moved to 20th from 23rd.

Allianz Group remained by far the region's largest insurer by market capitalization, at €89.01 billion as of Sept. 30.

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