September 9 (SeeNews) - The assets managed by Bulgarian insurance companies totalled 9.17 billion levs ($4.7 billion/4.7 billion euro) as at the end of June, down 3.8% year-on-year, the central bank said on Friday.
Compared to the end-March level, the assets managed by Bulgarian insurers were 3.4% lower at the end of June, the Bulgarian National Bank (BNB) said in a quarterly insurance sector report.
The assets of general insurance companies decreased by 2.2% year-on-year to 6.5 billion levs in the first half of 2022, while assets managed by life insurance companies recorded a fall of 7.6% to 2.72 billion levs.
General insurance companies owned an aggregate share of 70.4% of the sector's total assets, compared to 70.9% at the end of March.
Securities other than shares represented 45.4% of all insurance companies' assets as of end-June, compared to a share of 45.0% a year earlier.
Shares and other equity rose by 5.2% to 1.75 billion levs for a share of 19.0% of insurers' total assets, while claims from insurance operations constituted 13.6% at the end of June against 14% a year earlier.
The share of deposits also ticked down by 0.5 percentage points on the year to 7.2%.
The number of insurance companies active in Bulgaria fell to 44 at the end of June from 51 a year earlier.
(1 euro = 1.95583 levs)