According to the Bulgarian National Bank (BNB), compared to the end of September, assets managed by Bulgarian insurers went up 1.9% or BGN 220 million.
The assets of non-life companies rose by 3.5% y-o-y and exceeded BGN 8.1 billion at the end of 2024. It is noted that non-life companies represented a share of 70.4% of the total insurance assets.
At the same time, the assets of life insurance companies increased by 14.9% to BGN 3.4 billion and accounted for 29.6% of overall assets.
Securities other than shares made up 46.3% of all insurance companies' assets at the end of last year, the same as the prior year. Shares and other equity accounted for 26.4%, up from 23.2% at end-2023, while the share of receivables from insurance operations fell by 2.6 percentage points to 7.1%.
There were 47 insurance companies active in Bulgaria as of the end of 2024, or two more than a year earlier. Of those, there were 12 life insurers and 35 non-life insurance companies, the source added.
*EUR 1 = BGN 1.95583
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