During January-March 2024, the Lithuanian insurance market grew by 11.84% y-o-y to EUR 393.58 million, according to the market figures published by the Bank of Lithuania.

The amount of non-life GWP increased by almost 15% y-o-y to ~EUR 305 million, while the life insurance market grew by almost 3% to ~EUR 89 million.

According to the Central Bank's statistics, COMPENSA Life VIG (23.85% market share) is the largest life insurer in the country as GWP volume, while Lietuvos draudimas (~EUR 87.22 million) is the top non-life insurer out of 13 market players.

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