KAZAKHSTAN: Eurasia insurance company ranks first in terms of assets, equity, GWP, paid claims and profit in non-life insurance

3 March 2026 — Marina MAGNAVAL
As of the end of 2025, Eurasia insurance company maintained its long-standing leadership in the Kazakhstan non-life insurance market. Last year, the company celebrated its 30th anniversary, continued to expand its inward international reinsurance portfolio, and earned almost half of all market profits, Forbes wrote.

According to the National Bank of Kazakhstan, non-life insurance assets reached KZT 1,668 billion (~EUR 2.82 billion) at the beginning of 2026, which means an increase of 15.2% year-on-year. Eurasia's share, which has held the leading position for over 20 consecutive years, amounted to 41.25%, or KZT 639 billion.

Total regulatory capital at the end of 2025 increased by KZT 107 billion, exceeding KZT 748 billion. Eurasia has one of the highest capital adequacy ratios in the non-life insurance market – KZT 353 billion, or over 47%.

“Eurasia's capitalization remains extremely high and matches that of international players rated A and above, as analysts have repeatedly noted. Capital reserve is the foundation of financial stability and allows us to absorb even the largest risks. A.M. Best has improved its outlook to positive, and S&P has maintained its rating at BBB, the highest level in the region among insurance companies and even one notch above Kazakhstan's sovereign rating”, said Kairat Chegebayev, Chairman of the Board of Eurasia.

In the area of inward international reinsurance, domestic insurers received KZT 177 billion last year, of which Eurasia got KZT 84.97 billion, or 47.91%, maintaining its role as one of the largest exporters of financial services in Kazakhstan.

"Eurasia remains the most recognizable and reliable brand from Central Asia on the international reinsurance market. The quality of our underwriting and the speed of our payments allow us to participate in the best reinsurance programs and remain a net exporter of financial services, one of the largest in Kazakhstan, not just among insurers", added Kairat Chegebayev.

Net profit after taxes in the non-life insurance sector in 2025 amounted to KZT 133.5 billion, and Eurasia is also leading here, accounting for KZT 59.7 billion, or 44.72% of non-life insurance profit.

"Eurasia remains the largest company in terms of assets, equity, GWP and paid claims, as well as one of the most financially and technologically efficient in the non-life insurance market", emphasized Chairman of the Board of Eurasia.

* 1 EUR = 591.68 KZT (December 31st, 2025)



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