The assets managed by insurance companies operating in Bulgaria amounted to nearly BGN 11.3 billion (EUR 5.8 billion) at the end of September, growing by 8.8% y-o-y, SeeNews writes with reference to the central bank.

Compared to the end of June, assets managed by Bulgarian insurers went up 4.4% or BGN 479.2 million, the Bulgarian National Bank (BNB) said in a quarterly insurance sector report.

The non-life assets rose by 5.2% y-o-y to about BGN 8 billion at the end of September. This represented a share of 70.7% of total insurance assets. At the same time, the life insurance assets of life insurance jumped by 18.8% to BGN 3.3 billion, making up 29.3% of overall assets.

Securities other than shares accounted for 47.5% of all insurance companies' assets as of end-September (vs 45.4% a year earlier). Shares and other equity took up 25.6% (vs 24.2% in the same period of 2023), whereas the share of receivables from insurance operations decreased to 7.5%.

There were 46 insurance companies active in Bulgaria as of end-September: 12 life insurers and 34 non-life insurance companies.

*EUR 1 = BGN 1.95583