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Bulgarian insurers' assets grow 7% y/y at end-June

Bulgarian insurers' assets grow 7% y/y at end-June tanatat/Shutterstock.com

SOFIA (Bulgaria), September 9 (SeeNews) - The assets managed by Bulgarian insurance companies increased 7% year-on-year to 8.13 billion levs ($4.60 billion/4.16 billion euro) at the end of June, the country's central bank said on Monday. 

On a quarterly comparison basis, the assets managed by Bulgarian insurers rose 2.3%, the Bulgarian National Bank (BNB) said in a quarterly insurance sector report.

The assets of general insurance companies added 4.9% year-on-year to 5.80 billion levs at the end of June, while the assets managed by life insurance companies increased by 12.5% to 2.34 billion levs.

The assets of general insurance companies made up 71.3% of the sector's total, while the assets of life insurance companies formed 28.7%.

Securities other than shares formed 49.1% of the insurance companies' assets at end-June, up from 47.3% a year earlier.

Shares accounted for 13.4% of insurers' total assets at the end of June, while claims from insurance operations constituted 11.4%. 

(1 euro = 1.95583 levs) 

 

 

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