Sector · NACE 6511

Life insurance

173 Belgian companies whose main activity falls under NACE code 6511 have filed annual accounts. Their median solvency is 49.8% for financial year 2025.

Companies173
Median solvency49.8%
Median equity119,161 €
Median headcount (FTE)3.0
Founded in the last 3 years12

Sector medians

Computed by Idonis

Distribution across the sector's companies for financial year 2025: a quarter of companies sit below the 1st quartile, half below the median, three quarters below the 3rd quartile.

Indicator1st quartileMedian3rd quartileCompanies
Solvency 17.7%49.8%76.8% 151
Current ratio 0.871.664.91 136
ROE 1.9%22.5%56.7% 128
Equity 31,566 €119,161 €418,321 € 155
Total assets 103,991 €328,795 €€1.04m 153
Net result 586 €22,444 €94,855 € 142
Headcount (avg FTE) 1.03.06.2 40

Medians computed by Idonis from annual accounts filed with the National Bank, all sizes combined. The same panel is the sector benchmark on every company page. Method

Largest companies: Life insurance

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

#Company Total assetsRevenue EquityFTEYear
1 AXA Belgium 1000 Brussels €36.8bn — €864.9m — 2025
2 Belfius Assurances 1210 Saint-Josse-ten-Noode €20.4bn — €1.35bn — 2024
3 NN Insurance Belgium 1060 Saint-Gilles €12.0bn — €452.0m — 2025
4 Athora Belgium 1050 Ixelles €11.0bn — €336.4m — 2023
5 Ergo Insurance 1000 Brussels €6.83bn — €453.6m — 2025
6 Federale Assurance 1000 Brussels €4.30bn — €234.1m — 2025
7 Patronale Life 1000 Brussels €1.59bn — €361.8m — 2024
8 Securex VIE 1040 Etterbeek €1.09bn — €76.7m — 2023
9 Cigna Life Insurance Company OF Europe 2140 Antwerp €940.1m — €249.7m — 2025
10 Contassur - Contibel Assurances VIE - Contibel Levensverzekeringen 1000 Brussels €644.5m — €211.1m — 2025
11 European Mutual Association For Nuclear Insurance 1140 Evere €478.4m — €136.0m — 2025
12 Private Insurer 1210 Saint-Josse-ten-Noode €346.3m — −€80.5m — 2023
13 CPH Life 7500 Tournai €51.8m — €18.8m — 2025
14 Justitia 2140 Antwerp €44.7m — €19.9m — 2025
15 Marsh Re (Belgium) 1160 Auderghem €27.2m — €1.43m 17.0 2025
16 Bamps-Laevers Verzekeringen 3600 Genk €12.7m — €2.15m 39.3 2025
17 Nelis RAF Verzekeringen 3990 Peer €6.61m — €3.41m — 2025
18 Assurteam 1150 Woluwe-Saint-Pierre €5.25m — €2.55m 13.1 2025
19 Jacques Meuwese ET Kriss Gulbis 1180 Uccle €4.59m — 290,927 € 22.9 2025
20 Sirius Belgium Reassurances 4460 Grâce-Hollogne €4.20m — €4.20m — 2025

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

Related sectors

← The whole Insurance, reinsurance and pension funding, except compulsory social security sector (NACE 65)

Frequently asked questions

How many Life insurance companies are there in Belgium?

173 Belgian companies whose main activity falls under NACE code 6511 (Life insurance) have filed annual accounts with the National Bank.

What is the median solvency in Life insurance?

For financial year 2025, median solvency (equity over total assets) is 49.8%. The middle half of companies lies between 17.7% and 76.8% (151 companies).

What is the largest company in Life insurance?

By total assets, it is AXA Belgium (€36.8bn, financial year 2025).

Where are Life insurance companies based?

The municipalities with the most: Brussels (6), Woluwe-Saint-Pierre (6), Ixelles (3).

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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 11 Nov 2026.