Bulgarian insurers' assets up 7.7% y/y at end-June - c-bank

Bulgarian insurers' assets up 7.7% y/y at end-June - c-bank

The assets managed by Bulgarian insurance companies increased 7.7% year-on-year to 8.76 billion levs ($5.3 billion/4.5 billion euro) at the end of June, the country's central bank said on Wednesday.

On a quarterly comparison basis, the assets managed by Bulgarian insurers were 0.2% lower at the end of June, the Bulgarian National Bank (BNB) said in a quarterly insurance sector report.

The assets of general insurance companies added 7.3% year-on-year to 6.22 billion levs as at the end of June, while the assets managed by life insurance companies increased by 8.6% to 2.54 billion levs. The assets of general insurance companies made up 71% of the sector's total.

Securities other than shares formed 47.5% of the insurance companies' assets as at end-June, down from 49.1% a year earlier.

Shares accounted for 14.6% of insurers' total assets at the end of June, while claims from insurance operations constituted 11.5%.

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