Bulgarian insurance market ended 2022 with a total GWP of BGN 3.61 billion (EUR 1.85 billion), up by 10.87% y-o-y, according to the market figures from the Bulgarian Financial Supervision Commission (FSC). Per business lines, 82.69% represented non-life GWP (EUR 1.53 billion, 12.69% more y-o-y), the remaining 17.31% being accounted by life GWP (EUR 319.76 million, up by 2.95% y-o-y).

Year-end 2022 FSC data shows that the market aggregate profit for the period increased by 3.90% y-o-y, to BGN 244.14 million (~ EUR 124.83 million) or by EUR 4.68 million in absolute values - from EUR 120.14 million in 2021.

Non-life aggregate profit decreased by 1.14% y-o-y to BGN 178.07 million (EUR 91.04 million) vs. BGN 180.12 million (EUR 92.10 million) at the end of December 2021. On the life insurance side, the Bulgarian insurance market closed 2022 with an aggregated profit amounting to BGN 66.07 million (EUR 33.78 million) vs. BGN 54.86 million (EUR 28.05 million) a year before.

In terms of GWP, the largest life insurer in the country was DZI Life (29.73% market share), while he non-life segment was led by Euroins (15.24%).

Access XPRIMM Database and download the latest Bulgarian insurance market statistics (in EUR and BGN).