In the first nine months of 2025, the insurance sector in Russia grew by 14.74% to RUB 2.76 trillion (EUR 28.43 billion).

Investment life insurance and accumulative life insurance contributed nearly all this growth with a market share of 52.3%, while other segments remained unchanged overall during the reporting period, as the Central Bank said in its review of insurers’ key performance indicators.

A decline in GWP for the first nine months of 2025 was observed in borrower insurance, following a decline in loan volumes, and in MTPL, driven by a decline in premiums received from legal entities. Property and Motor Hull saw growth. An increase in Motor Hull was recorded despite a decline in new car sales. This is explained, among other things, by increased demand from individuals for Motor Hull for used cars, including those with deductibles and limited coverage.

Total paid claims for the first nine months of 2025 increased by almost three-quarters, to RUB 1.76 trillion (EUR 18.19 billion). The main contribution to paid claims growth in life insurance was made by accumulative life insurance, while in non-life insurance paid claims growth was driven by Motor Hull and voluntary health insurance.

For the first nine months of 2025, net profit in the Russian insurance market increased by 21.4%, to RUB 396.1 billion, supported by improved investment and financial performance.

SBERBANK Life Insurance continues to lead the market in terms of GWP (RUB 696.60 billion), the only company in the market with a double-digit market share of over 25%. SOGAZ-Life ranks second with a share of 8.12%, and SOGAZ rounds out the top three.

Access xprimm.com and download the latest Russian insurance market statistics for 3Q2025 in EUR and RUB.