December 10 (SeeNews) - The assets managed by Bulgarian insurance companies increased by an annual 3.7% to 7.75 billion levs ($4.52 billion/3.96 billion euro) at the end of September, the country's central bank said.
On a quarterly comparison basis, the assets managed by Bulgarian insurers rose 1.9%, the Bulgarian National Bank (BNB) said in a quarterly insurance sector report on Friday.
The assets of general insurance companies grew by 2.4% on the year to 5.62 billion levs at the end of September, while the assets managed by life insurance companies increased by an annual 7.4% to 2.13 billion levs.
The assets of general insurance companies made up 72.7% of the total, while the assets of life insurance companies formed 27.3%. Securities other than shares formed 47.2% of the insurance companies' assets at end-September, down from 48.2% a year earlier.
Shares accounted for 13.5% of insurers' total assets, while claims from insurance operations constituted 10.6%.
(1 euro=1.95583 levs)