Statistics on Insurance Corporations: Q1 2025
28/05/2025 - Press Releases
- Total assets of insurance corporations decreased by 0.8% to €21,059 million in the first quarter of 2025 from €21,223 million in the previous quarter.
- Total insurance technical reserves decreased by €244 million to €15,555 million from €15,799 million in the previous quarter.
Total assets of insurance corporations decreased by €164 million compared with the previous quarter and stood at €21,059 million at the end of the first quarter of 2025.
In further detail, the overall deposits of insurance corporations decreased by €61 million to €529 million at the end of the first quarter of 2025. Deposits with domestic credit institutions decreased by €43 million to €390 million, while deposits with foreign credit institutions also decreased by €18 million to €139 million. Deposits’ share in total assets decreased to 2.5% in the first quarter of 2025 compared with 2.8% in the previous quarter.
Total holdings of debt securities decreased to €10,523 million at the end of the first quarter of 2025 from €10,874 million in the previous quarter. This development is mainly due to net sales of domestic bonds as well as to a decrease in prices of other euro area bonds. Debt securities’ share in total assets decreased to 50.0% in the first quarter of 2025 from 51.2% in the previous quarter.
Total holdings of investment fund shares increased to €6,438 million compared with €6,219 million in the previous quarter. Their share in total assets increased to 30.6% in the first quarter of 2025 compared with 29.3% in the previous quarter. The increase in these holdings is mainly due to net purchases of other euro area investment fund shares.
Equity holdings increased to €1,016 million from €973 million in the previous quarter. This development is mainly due to an increase in the prices of domestic shares, partially offset by a decrease in prices of other euro area shares. Equity holdings’ share in total assets increased to 4.8% in the first quarter of 2025 from 4.6% in the previous quarter.
On the liabilities side, own funds increased to €3,566 million at the end of the first quarter of 2025 compared with €3,462 million in the previous quarter. Total insurance technical reserves decreased by €244 million to €15,555 million. In further detail, life technical reserves decreased by €216 million to €11,950 million, while non-life technical reserves decreased by €28 million to €3,605 million. The share of life technical reserves amounts to 76.8% of total technical reserves.
Table 1: Balance Sheet of Insurance Corporations (EUR million at the end of the period)
Table 2: Net flows of investments of Insurance Corporations (EUR millions)
Chart 1
Chart 2
Notes:
1. Data to the Bank of Greece are submitted by the supervised insurance corporations, as defined in article 1 of the Executive Committee Act 94/16.5.2016 concerning the single submission of national reports by insurance and reinsurance corporations to the Bank of Greece, in the context of Solvency II for supervisory and statistical purposes.
2. Net flows are derived from the change in the outstanding amounts of stocks corrected for revaluation and reclassification adjustments.
Related information:
The next Press Release on “Statistics on Insurance Corporations” for the second quarter of 2025 will be published on 27 August 2025, according to the Advance release calendar, as published on the Bank of Greece website.
Related link:
Aggregated balance sheet of insurance corporations