Ranking · Brussels · NACE 65

Insurance, reinsurance and pension funding, except compulsory social security: the largest companies in Brussels

As of 14 Nov 2026, 86 companies in Insurance, reinsurance and pension funding, except compulsory social security (NACE 65) in Brussels publish total assets in recent accounts (financial years 2023 to 2025). The top 10 account for €234.5bn, out of €267.4bn for all of them; median total assets are €27.3m. AG Insurance leads with €76.3bn (financial year 2025).

Top 50 · Insurance, reinsurance and pension funding, except compulsory social security · Brussels

Ranked by total assets in the latest filed accounts. This is a size criterion, not an assessment.

#Company Total assetsRevenue EquityFTEYear
1 AG Insurance 1000 Brussels €76.3bn — €58.4bn 4,379.8 2025
2 AXA Belgium 1000 Brussels €36.8bn — €864.9m — 2025
3 Allianz Benelux 1000 Brussels €24.7bn — €675.8m — 2024
4 P & V Assurances 1210 Saint-Josse-ten-Noode €20.8bn — €1.16bn — 2024
5 Belfius Assurances 1210 Saint-Josse-ten-Noode €20.4bn — €1.35bn — 2024
6 Lloyd's Insurance Company 1050 Ixelles €17.2bn — €653.6m — 2025
7 NN Insurance Belgium 1060 Saint-Gilles €12.0bn — €452.0m — 2025
8 Athora Belgium 1050 Ixelles €11.0bn — €336.4m — 2023
9 QBE Europe 1050 Ixelles €8.44bn — €1.35bn — 2025
10 Ergo Insurance 1000 Brussels €6.83bn — €453.6m — 2025
11 Msig Europe 1030 Schaerbeek €5.73bn — €826.6m — 2025
12 Euler Hermes 1000 Brussels €5.70bn — €3.21bn 134.7 2025
13 Federale Assurance 1000 Brussels €4.30bn — €234.1m — 2025
14 Ducroire 1000 Brussels €3.68bn — €2.59bn — 2025
15 DKV Belgium 1000 Brussels €2.82bn — €686.6m — 2025
16 Patronale Life 1000 Brussels €1.59bn — €361.8m — 2024
17 Maatschappij van Onderlinge Bijstand Verzekeringen CM-Vlaanderen 1030 Schaerbeek €1.25bn — €1.02bn — 2025
18 Securex VIE 1040 Etterbeek €1.09bn — €76.7m — 2023
19 MLOZ Insurance 1070 Anderlecht €1.09bn — €978.8m — 2025
20 Shell Belgium Pension Fund 1000 Brussels €792.2m — 6,031 € — 2025
21 D.A.S. société anonyme belge d'Assurances de Protection juridique - D.A.S. Belgische Rechtsbijstandsverzekringsmaatschappij, naamloze vennootschap 1210 Saint-Josse-ten-Noode €726.9m — €17.3m — 2025
22 Contassur - Contibel Assurances VIE - Contibel Levensverzekeringen 1000 Brussels €644.5m — €211.1m — 2025
23 European Mutual Association For Nuclear Insurance 1140 Evere €478.4m — €136.0m — 2025
24 Protect 1080 Molenbeek-Saint-Jean €426.6m — €23.6m — 2024
25 Credendo - Trade Credit Insurance 1000 Brussels €400.9m — €161.1m — 2025
26 Private Insurer 1210 Saint-Josse-ten-Noode €346.3m — −€80.5m — 2023
27 Yuzzu 1000 Brussels €275.5m — €41.2m — 2025
28 Amma Assurances 1000 Brussels €237.9m — €12.8m — 2023
29 European Liability Insurance for the Nuclear Industry 1140 Evere €206.8m — €89.7m 7.7 2025
30 Assurances du Notariat 1000 Brussels €176.2m — €30.8m — 2025
31 Pensio B 1000 Brussels €133.9m 202,103 € 9,357 € — 2023
32 Societe Mutualiste d'Assurance Solidaris Brabant 1000 Brussels €100.4m — €62.3m — 2025
33 Mutual Insurance and Reinsurance for Information Systems 1140 Evere €82.4m — €61.0m — 2024
34 Sofa Invest 1000 Brussels €73.6m — €9.10m — 2025
35 Vlaams Pensioenfonds 1000 Brussels €67.5m — 12,321 € — 2023
36 Fortegra Belgium Insurance Company 1050 Ixelles €57.3m — €31.9m — 2025
37 Alpha Insurance 1040 Etterbeek €57.1m — €36.0m — 2025
38 Securex - Vereniging voor Onderlinge Verzekering, Allerlei Risico's - Securex - Association d'Assurance mutuelle, Risques divers 1040 Etterbeek €51.4m — €25.0m — 2024
39 Liantis Fonds de Solidarite 1000 Brussels €45.6m — €34.8m 2.0 2025
40 RR 60 1000 Brussels €35.8m — 119,175 € — 2025
41 Qover 1000 Brussels €35.3m €13.0m €9.21m 116.2 2025
42 Incresco 1000 Brussels €33.3m — €32.3m — 2025
43 MSIG Specialty Marine 1030 Schaerbeek €27.4m €53.5m €8.72m 12.6 2025
44 Marsh Re (Belgium) 1160 Auderghem €27.2m — €1.43m 17.0 2025
45 M D B Reinsurance Brokers 1180 Uccle €19.3m — 847,611 € 7.5 2024
46 General Motors Belgique Automobile 1000 Brussels €12.8m — €11.9m — 2025
47 Legal Village 1000 Brussels €10.5m €12.9m €7.93m 87.4 2025
48 NN Insurance Services Belgium 1060 Saint-Gilles €10.5m — €4.69m 135.2 2025
49 YAGO 1040 Etterbeek €10.2m €5.85m 404,334 € 54.8 2025
50 RDV-Invest 1000 Brussels €8.89m — €7.22m — 2023

Ranking based on each company's own annual accounts (statutory, not consolidated): a subsidiary and its parent appear separately, and the ranking differs from lists based on consolidated group accounts.

“—”: not published. Small companies (micro and abridged accounts) do not have to publish their revenue.

Insurance, reinsurance and pension funding, except compulsory social security across Belgium → All sectors · Brussels →

Other sectors · Brussels

Municipalities with the most companies in the sector · Brussels

Frequently asked questions

Which is the largest company in Insurance, reinsurance and pension funding, except compulsory social security in Brussels?

By total assets, it is AG Insurance (€76.3bn, financial year 2025).

How many companies in Insurance, reinsurance and pension funding, except compulsory social security in Brussels are ranked?

86 out of 93 active companies in the sector with their registered office in the area: those whose latest accounts are less than 3 years old.

Why does this ranking differ from other lists?

It uses each company's annual accounts as filed with the National Bank, not consolidated group accounts. A holding, a subsidiary or a purchasing entity can therefore appear separately. Only companies whose latest accounts are less than 3 years old are ranked.

Idonis

Analyse companies · Brussels

Filter these companies by size, soundness and trend, follow them and get an alert when their accounts or publications change.

Open the full file →
Free account in 30 seconds, by email. No bank card.

Active companies (legal entities) that have filed at least one set of annual accounts, based on the Crossroads Bank for Enterprises and the National Bank of Belgium. The sector is the main activity in the register; the municipality is that of the registered office. Data updated on 14 Nov 2026.