The key drivers were increased insurance revenue and investments in securities. As of January 1, 2026, securities accounted for the largest share (74.8%) of all assets. The high share of securities in the investment portfolio confirms conservative asset allocation and a focus on profitability while managing risks.
Insurance liabilities increased by 28.7% in 2025 to reach KZT 2.8 trillion. Equity increased by 16.7% to KZT 1.1 trillion. This demonstrates the sector's continued financial stability while simultaneously expanding the insurance business. Net profit amounted to KZT 245.6 billion, which reflects both growth in insurance premiums and investment income.
Asset growth of 25.1%, premium growth of 12.5%, and net profit of KZT 245.6 billion speak of the insurance market's financial strengthening. However, the outpacing growth in paid claims (+38.1%) requires increased attention to underwriting and risk management, particularly in the property insurance segment. At the same time, Kazakhstani insurance sector continues to demonstrate resilience and business expansion, maintaining an investment focus and sufficient capitalization, the source added.
* 1 EUR = 591.68 KZT (December 31st, 2025)
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