The Portuguese Insurance and Pension Funds Supervisory Authority (ASF) released provisional figures on direct insurance premiums for 2025, reporting total direct premium production in Portugal of more than EUR 16.1bn, up 13% from 2024. Insurers under ASF prudential supervision represented 91.6% of the market, around EUR 14.8bn. Both life and non-life business increased, with life premiums up 17.1% and non-life premiums up 9.2%. In life, retirement savings plans (PPR) grew 12.1%, while their share of the life segment fell to 26% from 27.2% in 2024. In non-life, the largest increases were in health (12.3%), motor (9.9%), workers’ compensation (8.4%), and fire and other damage (8%). Market share analysis by economic group over the past three years shows Fosun (Fidelidade) maintaining the leading position.

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