Assets Managed by Insurers Operating in Bulgaria Grow 8.3 Per Cent to 6,619 Million Leva in 2016

Assets Managed by Insurers Operating in Bulgaria Grow 8.3 Per Cent to 6,619 Million Leva in 2016

The assets managed by insurance companies operating in Bulgaria amounted to 6,619 million leva at the end of December 2016, the Bulgarian National Bank reported on Monday. They increased by 501.8 million leva (8.2 per cent) from 6,117 million leva at the end of December 2015 and by 109.9 million leva (1.7 per cent) from 6,509 million leva at the end of the third quarter of 2016.
The assets of life insurance companies increased by 173.2 million (10.4 per cent) from 1,659 million leva at the end of December 2015 to 1,832 million leva at the end of the same month of 2016. Compared to the 1,829 million leva at the end of September 2016, they increased by 2.7 million leva (0.1 per cent). 
The assets managed by general insurance companies rose by 328.8 million leva (7.4 per cent) from 4,458 million leva at the end of December 2015 to 4,787 million at the end of the same month of 2016. They increased by 107.4 million leva (2.3 per cent) from 4,680 million leva at the end of September 2016. 
The liabilities of insurance companies amounted to 6,619 million leva at the end of December 2016. Equity capital was 2,036 million leva at the end of the fourth quarter of 2016, increasing by 99.6 million leva (5.1 per cent) from 1,936 million leva at the end of December 2015.
 
 
BTA
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