During the first half of the year, the Lithuanian insurance market grew by 8.9% y-o-y to EUR 861 million, according to the market figures published by the Bank of Lithuania.

In the half of 2025, according to unaudited data, insurance companies, operating in Lithuania earned a total of EUR 66.3 million of pre-tax profit, which is 30% more y-o-y, the Bank of Lithuania said.

The pre-tax profit of non-life insurance companies increased by 44% to EUR 51.3 million, while that of life insurance companies remained almost unchanged, at EUR 15 million. However, the Bank noted that all insurance companies were profitable and met the solvency capital requirements.

At the end of June 2025, 19 insurers (8 insurance companies registered in Lithuania, 11 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", said Renata Bagdonienė, Director of the Prudential Supervision Department of the Bank of Lithuania.

Access XPRIMM Database and download the latest Lithuanian insurance market statistics.