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.
2025-07-30Agency for Regulation and Development of the Financial Market of the Republic of Kazakhstan
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.