The Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan published supervisory statistics on the insurance sector as of 1 July 2025, summarising June results and year-to-date performance. Insurance and reinsurance assets increased by 2.3% in June to KZT 3.4 trillion (up 10.6% since the start of 2025), while insurance premiums totalled KZT 125.5 billion in June and KZT 800.1 billion year to date (up 19.5% versus the comparable period in 2024). The sector comprised 25 insurers (10 life insurers and 15 general insurers). Securities accounted for 72.5% of assets (KZT 2.5 trillion), followed by cash and deposits in second-tier banks at 7.1% (KZT 245.0 billion) and insurance receivables at 4.4% (KZT 152.0 billion). Liabilities rose 1.7% in June to KZT 2.4 trillion (up 11.3% year to date), attributed to higher insurance reserves, and equity increased 3.8% to KZT 1.0 trillion (up 9.0% year to date) on higher retained earnings; insurers earned KZT 35.3 billion profit in June and KZT 109.7 billion net profit year to date. The number of insurance contracts reached 13.0 million year to date (+24.5%), driven by life insurance (1.3 million contracts, +70.5%). Voluntary personal insurance premiums amounted to KZT 390.4 billion year to date (+30.6%), supported by growth in accident insurance (up 54.4% to KZT 74.2 billion) and pension annuity insurance (up 35.4% to KZT 152.1 billion); voluntary property insurance premiums totalled KZT 279.6 billion (+12.5%), while mandatory insurance premiums reached KZT 130.0 billion (+6.6%), mainly linked to higher motor third party liability premiums (up 21.6%, or KZT 57.9 billion). Insurance claims payments were KZT 38.3 billion in June and KZT 205.1 billion year to date (+41.4%), across 132.5 thousand payments.
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan 2025-07-30
Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan publishes June 2025 insurance sector statistics showing assets up 10.6% and premiums up 19.5% year to date
The Agency for Regulation and Development of the Financial Market of Kazakhstan reported a 2.3% increase in insurance and reinsurance assets in June, reaching KZT 3.4 trillion, with a 10.6% rise since early 2025. Insurance premiums totaled KZT 125.5 billion in June and KZT 800.1 billion year to date, a 19.5% increase from 2024. The sector's liabilities rose 1.7% in June to KZT 2.4 trillion, while equity increased 3.8% to KZT 1.0 trillion, driven by higher retained earnings and a net profit of KZT 109.7 billion year to date.