March 9 (SeeNews) - The net profit of non-life insurance companies in Bulgaria increased to 243.98 million levs ($131.8 million/124.8 million euro) in the first eleven months of 2022 from 237.7 million levs in the same period a year earlier, the country's financial regulator said.
Non-life insurers' gross written premiums (GWP) grew to 2.64 billion levs in the review period from 2.4 billion levs a year earlier, the Financial Supervision Commission (FSC) said in a data release on Tuesday.
At the end of November, there were 23 non-life insurance companies active in Bulgaria.
With gross premiums of 398.2 million levs, Euroins continued to be the biggest player on the Bulgarian non-life insurance market. It was followed by Lev Ins with gross premiums of 363.04 million levs.
The two companies had market shares of 15.1% and 13.8%, respectively, at the end of November, rising from 12.9% and 12.8% a year earlier.
Total assets of the non-life insurers in Bulgaria rose to 5.59 billion levs at the end of November from 5.32 billion levs a year earlier, the data showed.
(1 euro = 1.95583 levs)