The Bank of Greece published first-quarter 2026 balance sheet data for insurance corporations showing total assets fell by EUR 119 million from the previous quarter to EUR 21,947 million, while total insurance technical reserves declined by EUR 64 million to EUR 15,992 million. The asset-side decrease was mainly linked to lower valuations in debt securities, investment fund shares and equities, although these falls were partly offset by net purchases. Deposits were broadly unchanged at EUR 560 million, with holdings at domestic credit institutions rising to EUR 382 million and those at foreign credit institutions falling to EUR 178 million. Debt securities remained the largest asset class at EUR 10,571 million, or 48.2% of total assets, while investment fund shares stood at EUR 7,315 million, or 33.3%, and equity holdings fell to EUR 996 million, or 4.5%. On the liabilities side, own funds stood at EUR 3,894 million. Within technical reserves, life technical reserves fell by EUR 90 million to EUR 12,439 million, while non-life technical reserves rose by EUR 26 million to EUR 3,553 million, leaving life business at 77.8% of total technical reserves.
Bank of Greece2026-05-29
Bank of Greece reports insurance corporations' assets fell 0.5% to EUR 21,947 million in first quarter 2026
The Bank of Greece reported that insurance corporations' total assets fell by 0.5% quarter on quarter to EUR 21,947 million in the first quarter of 2026, while insurance technical reserves declined to EUR 15,992 million. The decrease mainly reflected lower valuations in bonds, investment fund shares and equities, partly offset by net purchases. Life technical reserves fell, while non-life technical reserves increased.