The total value of insurance companies' assets decreased by EUR 119 million (0.5%) compared to the previous quarter and stood at EUR 21,947 million at the end of the first quarter of 2026, according to data published by the Bank of Greece, insuranceworld.gr reports.

Total deposits of insurance companies amounted to EUR 560 million at the end of the first quarter of 2026, compared to EUR 558 million in the previous quarter. Deposits in domestic credit institutions increased by EUR 10 million to EUR 382 million, while deposits in foreign credit institutions decreased by EUR 8 million and amounted to EUR 178 million. The share of deposits in total assets remained almost unchanged at 2.6% in the first quarter of 2026.

The value of insurance companies' total debt securities investments decreased to EUR 10,571 million at the end of the first quarter of 2026, from EUR 10,629 million in the previous quarter, due to a decrease in valuations of domestic and foreign bonds. The share of debt securities in total assets remained unchanged compared to the previous quarter and stood at 48.2% in the first quarter of 2026.

The value of total investments in mutual fund shares decreased to EUR 7,315 million, compared to EUR 7,373 million in the previous quarter, and their share of total assets remained almost unchanged at 33.3% in the first quarter of 2026 compared to the previous quarter. The decrease in the value of investments is due to a decrease in domestic and foreign share prices, which was partially offset by net purchases of total shares.

The value of total investments in shares and other equity instruments decreased to EUR 996 million, compared to EUR 1,034 million in the previous quarter, a development mainly due to a decrease in foreign equity valuations. The share of total investments in total assets remained almost unchanged compared to the previous quarter and stood at 4.5% in the first quarter of 2026.

On the liabilities side, equity stood at EUR 3,894 million at the end of the first quarter of 2026. Insurance technical provisions decreased by EUR 64 million and amounted to EUR 15,992 million. More specifically, life insurance technical provisions decreased by EUR 90 million to EUR 12,439 million, while loss technical provisions increased by EUR 26 million and amounted to EUR 3,553 million. Of the total technical provisions, 77.8% corresponds to life technical provisions, the source said.