Equity increased by 12.7%, indicating strengthening of insurance sector capitalization. Liabilities rose by 7.6%, according to the regulator; this moderate growth reflects a manageable workload. The 21.6% decrease in insurance reserves was due to changes in the portfolio structure and an increase in insurance claims, which generally corresponds to the active phase of market development.
The regulator noted that the combined net profit of insurance companies in 2025 amounted to KGS 1.22 billion, and tax payments to the budget reached KGS 340.8 million, confirming the insurance sector's contribution to the country's economy.
Insurance sector profitability in 2025 recorded positive dynamics: ROA increased from 7.0% to 8.82%; ROE increased from 15.0% to 18.55%. The growth in return on assets and equity indicates effective resource management, increased operational efficiency of insurance companies, and maturity of business models.
The investment portfolio of insurance companies as of January 1, 2026, had a stable structure. The main share is made up of bank deposits (66.6%), followed by government securities (13.8%) and real estate (8.5%). This structure reflects insurance companies' focus on reliability, liquidity, and safety of policyholders' funds, according to the regulator.
As of December 31, 2025, 19 re/insurance companies operated in the Kyrgyz insurance market, 14 of which were 100% Kyrgyz-owned and 5 with non-resident participation. An increase in the share of companies with Kyrgyz capital (14 out of 19, or 74%) speaks of strengthening of the national financial infrastructure and the domestic insurance sector, which positively impacts public confidence and market stability, according to the report.
*EUR 1 = KGS 102.59 (December 31, 2025)
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