The Insurance Supervision Agency of Montenegro released its Statistical Bulletin for the fourth quarter of 2025, summarising key indicators for the insurance sector on premiums, claims, balance sheets, investments and profitability. For the four quarters of 2025, gross written premium totalled EUR 148.3m, up 10.5% year on year, while settled claims amounted to EUR 65.5m, up 9%, and the aggregate balance sheet total reached EUR 370.3m, up 10.3%. Non-life premium was EUR 117.4m (up 10.3%) and life premium EUR 30.9m (up 11.3%). Motor third-party liability insurance accounted for the largest share of premium at 34.5% (EUR 51.2m), followed by life insurance at 18.9% (EUR 28.0m), accident insurance at 11.7% (EUR 17.4m), motor vehicle insurance at 8.9% (EUR 13.2m), other property insurance at 8.6% (EUR 12.8m) and health insurance at 5.2% (EUR 7.7m). Long-term financial investments represented 61.9% of aggregate assets, while provisions represented 61.2% of aggregate liabilities, with gross technical reserves of EUR 224.8m (60.7% of total liabilities). Bond investments totalled EUR 264.9m, equal to 71.5% of aggregate assets, alongside a reported shift from short-term to long-term bonds and increased holdings of foreign bonds; aggregate financial investments rose by EUR 28.3m versus end-2024 as long-term investments increased by EUR 48.2m and short-term investments fell by EUR 19.9m. Based on preliminary unaudited data, insurers recorded aggregate pre-tax profit of EUR 13.9m (down 3.8%), with operating income of EUR 120.3m, operating expenses of EUR 80.6m, an investment result of EUR 10.9m and eight of nine insurers reporting a profit.

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