December 14 (SeeNews) - The assets managed by Bulgarian insurance companies reachеd 6.5 billion levs ($3.5 bilion/3.3 billion euro) at the end of September, up by 10.5% year-on-year, the country's central bank said on Wednesday.
The assets of life insurance companies increased by 14.6% on the year to 1.83 billion levs as of end-September, while the assets managed by general insurance companies rose by 9.0% to 4.7 billion levs, the Bulgarian National Bank (BNB) said on its website.
Compared to the end of June, the insurance companies' total assets were 1.4% lower at the end of September, with life insurers' assets up 4.7% and general insurers' assets down 3.6%.
At the end of September, the assets of life insurance companies accounted for 28.1% of the total assets, up from 27.1% a year ago and 26.5% at the end of June.
The assets of general insurance companies made up 71.9% of all assets, down from 72.9% at end-September 2015 and 73.5% at end-June.
The share of securities other than shares in the insurance companies' assets rose to 52% from 49.5% at end-September 2015, the share of deposits fell to 11.6% from 12.7%, while the share of claims from insurance operations declined to 9.9% from 10.8%.
Assets invested in EU countries jumped by 18.4% on the year to reach 2.9 billion levs at end-September. Their share increased to 44.1% of the total from 41.2%.
(1 euro=1.95583 levs)