The Bank of Greece published first-quarter 2025 statistics on insurance corporations showing a quarterly decline in the sector’s balance sheet. Total assets fell 0.8% to EUR 21,059 million, while total insurance technical reserves decreased by EUR 244 million to EUR 15,555 million. On the asset side, deposits fell by EUR 61 million to EUR 529 million, reducing their share of total assets to 2.5% from 2.8%, with declines in both domestic and foreign credit institution deposits. Debt securities holdings decreased to EUR 10,523 million from EUR 10,874 million, reflecting net sales of domestic bonds and price decreases for other euro area bonds, and their share of assets fell to 50.0% from 51.2%. Investment fund shares rose to EUR 6,438 million from EUR 6,219 million, mainly due to net purchases of other euro area fund shares, increasing their share to 30.6% from 29.3%. Equity holdings increased to EUR 1,016 million from EUR 973 million, lifting their share to 4.8% from 4.6%. On the liabilities side, own funds increased to EUR 3,566 million from EUR 3,462 million. Life technical reserves decreased by EUR 216 million to EUR 11,950 million and non-life technical reserves fell by EUR 28 million to EUR 3,605 million, with life reserves accounting for 76.8% of total technical reserves. The next release covering the second quarter of 2025 is scheduled for 27 August 2025.

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