During H1 2022, the Lithuanian insurance market grew by 19.4% y-o-y (or by EUR 97 million) to EUR 598 million, while the value of payments expanded by 36% y-o-y to EUR 328 million, according to the market figures published by the Bank of Lithuania.

The amount of non-life GWP increased by 24% y-o-y to EUR 435 million, while the life insurance market grew by 8.5% to EUR 164 million.

According to the Central Bank's statistics, SWEDBANK Life Insurance (22.4% market share) is the largest life insurer in the country as GWP volume, while Lietuvos draudimas (~EUR 124 million) is the top non-life insurer out of 13 market players.

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