BULGARIA: In 1Q insurance sector’s assets rise almost 12% y-o-y

2 June 2026 — Marina MAGNAVAL
The assets managed by Bulgarian insurance companies amounted to EUR 7.69 billion at the end of March, marking an annual increase of 11.7%, SeeNews reports citing the central bank. Compared to the end of 2025, assets managed by Bulgarian insurers increased by 1.5%, according to the Bulgarian National Bank (BNB).

At the end of March, debt securities were the dominant instrument in insurance sector's assets, with holdings rising by 11.3% year-on-year to EUR 3.11 billion. Debt securities accounted for 40.5% of total assets compared to 40.6% in the same quarter of 2025.

Shares and other equity rose by 15.3% on the year by the end of March, to EUR 1.83 billion, accounting for 23.8% of total assets compared to 23% at the end of March 2025. Reinsurance recoverables rose by 4.4% year-on-year to EUR 907.9 million by the end of March, accounting for 11.8% of total assets compared to 12.6% at the end of the same month last year.

By the end of March, insurance receivables rose by 12.8% year-on-year to EUR 480.4 million, accounting for 6.2% of total assets, unchanged from the end of the first quarter of 2025. Deposits rose by 37.1% on the year to EUR 515.5 million, accounting for 6.7% of total assets compared to 5.5% at the end of March of the previous year.

In terms of the geographical breakdown of insurance sector’s assets, holdings in Bulgaria rose by 9.1% year on year to EUR 2.86 billion at the end of March 2026. They accounted for 37.3% of total assets, while assets invested in other euro area residents surged by 24.5% to EUR 2.33 billion, raising their share to 30.3% from 27.2% a year earlier. Assets in EU countries outside the euro area increased modestly by 1.3% to EUR 1.61 billion, with their share falling to 20.9% from 23.1% in March 2025, the source said.



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