The Chile Financial Market Commission published its Financial Report of the Insurance Market for the first quarter of 2025, showing insurance companies recorded USD 3,982.9 million in sales, up 9.2 percent in real terms year on year, while industry profits fell 22.7 percent to USD 282.7 million. Life insurance sales grew 14.9 percent to USD 2,719.4 million, led by pension insurance (65.5 percent of life sales), with life annuities accounting for 43.7 percent of total premiums and Disability and Survivors’ Insurance 18.8 percent. General insurance sales declined 1.4 percent to USD 1,263.5 million, with the largest direct premium shares in motor vehicles (27.1 percent), earthquake and tsunami (23.8 percent), fire (12.5 percent), collaterals and loans (5.1 percent) and unemployment (4.9 percent). Profits at life insurers fell 37 percent to USD 180.3 million, attributed to higher annuity and claims costs and lower investment products, while general insurers’ profits rose 28.4 percent to USD 102.3 million due to a higher contribution margin, lower claims costs and less variation in technical reserves. Investment portfolios remained concentrated in domestic fixed income, representing 53.9 percent for life insurers and 74.2 percent for general insurers.

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