March 13 (SeeNews) - The assets managed by Bulgarian insurance companies reachеd 6.6 billion levs ($3.6 bilion/3.37 billion euro) at the end of December, up by 8.2% year-on-year, the country's central bank said on Monday.
The assets of life insurance companies increased by 10.4% on the year to 1.83 billion levs as of end-December, while the assets managed by general insurance companies rose by 7.4% to 4.46 billion levs, the Bulgarian National Bank (BNB) said on its website.
Compared to the end of September, the insurance companies' total assets were 1.7% higher at the end of December, with life insurers' assets up 0.1% and general insurers' assets 2.3% higher.
At the end of December, the assets of Bulgarian life insurance companies accounted for 27.7% of the total assets, up from 27.1% a year earlier.
The assets of general insurance companies made up 72.3% of all assets, down from 72.9% at end-December 2015.
The share of securities other than shares in the insurance companies' assets rose to 52.1% from 51.2% at end-December 2015, the share of deposits rose to 11.4% from 10.6%, while the share of claims from insurance operations declined to 9.7% from 11.1%.
Assets invested in EU countries jumped by 14.3% on the year to reach 2.95 billion levs at end-December. Their share increased to 44.6% of the total, from 42.2%.
(1 euro=1.95583 levs)