In the first quarter of 2025, according to unaudited data, insurance companies, operating in Lithuania earned a total of EUR 32 million of pre-tax profit, which is 20.8% more y-o-y, the Bank of Lithuania said.

The pre-tax profit of non-life insurance companies increased by 83.8% to EUR 25 million, while that of life insurance companies decreased by 45.7% to EUR 7 million. However, the Bank noted that in 1Q2025, all insurance companies were profitable. At the end of March this year, all insurance companies met solvency capital requirements.

At the end of the first quarter of 2025, 20 insurers (8 insurance companies registered in Lithuania, 12 branches of insurance companies registered in other European Union countries) operated on the insurance market.

"The insurance market is not slowing down; it continues to grow faster than the country's economy. This means that citizens and businesses understand importance of insurance services and are willing to use them. In Lithuania, unlike Western European countries, property is being insured more actively, rather than life or health, so potential of the latter has not yet been realized", says Renata Bagdonienė, Director of the Prudential Supervision Department of the Bank of Lithuania.