The Croatian Financial Services Supervisory Agency (Hanfa) published its March 2026 monthly report on supervised entities, showing broad month-on-month declines in asset values across pension funds and UCITS, while insurance activity continued to grow in the first quarter of 2026. Mandatory pension funds’ net assets fell to EUR 27.0bn, with the report attributing the monthly decline to negative market developments linked to the Middle East crisis. At end-March 2026, mandatory pension funds had 2,407,600 members and recorded net contributions of EUR 156.2m and payments of EUR 26.8m due to personal account closures; nominal monthly Mirex returns were -3.67% (category A), -2.76% (B) and -0.84% (C). Bonds made up 57.9% of mandatory pension fund assets (EUR 15.6bn) and equities 24.6% (EUR 6.6bn). Voluntary pension funds’ net assets fell 2.5% to EUR 1.68bn, with monthly payments into funds of EUR 13.7m and payments out of EUR 7.3m; portfolios were mainly in bonds (52.5%) and stocks (28.7%). In insurance, 14 companies collected EUR 533.7m in premiums in the first three months of 2026 (up 8.3% year on year) and settled EUR 311.8m in claims (up 5.7%). On the Zagreb Stock Exchange, March turnover was EUR 103.2m and market capitalisation fell 3.1% to EUR 55.1bn, while the CROBEX index declined 5.58%. UCITS net assets declined 2.8% to EUR 4.1bn with net monthly outflows of EUR 17.9m, offset by net inflows into money market funds of EUR 68.5m; the Fund for Croatian Homeland War Veterans and Members of their Families reported assets of EUR 199.0m and a monthly return of -11.3%.
Croatian Financial Services Supervisory Agency 2026-04-22
Croatian Financial Services Supervisory Agency publishes March 2026 monthly report as mandatory pension fund assets fall to EUR 27.0bn
The Croatian Financial Services Supervisory Agency’s March 2026 report showed broad declines in pension fund and UCITS asset values, linked to negative market developments related to the Middle East crisis, while insurance activity grew. Mandatory pension fund net assets fell to EUR 27.0bn with negative Mirex returns across all categories, and voluntary pension fund assets declined 2.5% to EUR 1.68bn. UCITS net assets decreased 2.8% to EUR 4.1bn amid net outflows, while the Zagreb Stock Exchange recorded a 5.58% fall in the CROBEX index and a 3.1% drop in market capitalisation.