Per business lines, 84.28% represented non-life GWP (EUR 623 million, 0.65% more y-o-y), the remaining rest of 15.72% being accounted by life products GWP (EUR 116.33 million, down by 14.34% y-o-y).
In terms of GWP, the largest life insurers in the country were BULSTRAD Life Vienna Insurance Group (26.71 % market share), followed by DZI Life Insurance (26.62% ) and ALLIANZ Bulgaria Life (20.59 %). On non-life segment, LEV Ins led the market (13.77%), followed by BULSTRAD VIG (12.88%) and DZI with a share of 10.36%.
Non-life aggregate net profit was BGN 134.83 million (almost EUR 69 million) vs. BGN 77.17 million (EUR 39.45 million) at the end of June 2019. Of overall 24 active non-life insurers supervised by FSC, the largest profits were reported by DZI (~EUR 14 million), GENERALI Insurance (EUR 7.72 million) and ALLIANZ Bulgaria (EUR 7.68 million), while the largest loss was reported by SAGLASIE (EUR -433 thousand).
Overall, non-life segment reported gross technical result of BGN 288.91 millio (EUR 147.72 million) more than double than a year before (BGN 124.32 million). It is worth mention that, from this point of view, the most profitable insurance class is MTPL (BGN 98.25 million, more than EUR 50 million) followed by MoD (BGN 73.15 million) and Fire and Alliand perils (BGN 69.69 million).
On the life insurance side, the Bulgarian insurance market closed H1 2020 with an aggregated profit after tax amounting to BGN 16 million (EUR 8.20 million) vs. BGN 24.89 million (EUR 12.73 million) a year before. Of 10 active local life insurers, two ended the year "in red" (EUROINS Life Insurance and SAGLASIE), while the top 3 most profitable life insurers were ALLIANZ Life (BGN 4.45 million or EUR 2.28 million), DZI-Life (EUR 1.77 million) and BULSTRAD Life VIG (EUR 1.42 million).
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