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Bulgarian insurers' assets rise 8.2% y/y at end-Sept

Author Mario Tanev
Bulgarian insurers' assets rise 8.2% y/y at end-Sept tanatat/Shutterstock.com

SOFIA (Bulgaria), December 9 (SeeNews) - The assets managed by Bulgarian insurance companies increased 8.2% year-on-year to 8.38 billion levs ($4.7 billion/4.3 billion euro) at the end of September, the country's central bank said on Monday. 

On a quarterly comparison basis, the assets managed by Bulgarian insurers rose 3% at the end of September, the Bulgarian National Bank (BNB) said in a quarterly insurance sector report.

The assets of general insurance companies added 6% year-on-year to 5.95 billion levs at the end of September, while the assets managed by life insurance companies increased by 14.1% to 2.43 billion levs. The assets of general insurance companies made up 71% of the sector's total.

Securities other than shares formed 49.6% of the insurance companies' assets at end-September, up from 47.2% a year earlier.

Shares accounted for 13.6% of insurers' total assets at the end of September, while claims from insurance operations constituted 11.8%. 

(1 euro = 1.95583 levs) 

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