The Croatian Financial Services Supervisory Agency published its March 2025 monthly statistics for pension funds, insurance, the capital market and investment funds. Mandatory pension funds’ net assets fell by EUR 176.4m (0.7%) month on month to EUR 23.8bn with negative monthly Mirex returns across categories, while voluntary pension funds’ assets declined by EUR 17.5m (1.2%) to EUR 1.47bn. UCITS net assets increased by EUR 106.3m (3.1%) to EUR 3.5bn on net subscriptions of EUR 145.7m, and Zagreb Stock Exchange turnover and market capitalisation rose month on month despite a 1.0% fall in CROBEX. Second-pillar mandatory pension funds had 2,351,519 members at end-March, up 7,295 (0.31%) from the prior month, with 76.8% in category B. Net contributions paid in March totalled EUR 140.7m and payments due to personal account closures were EUR 22.4m; nominal monthly Mirex returns were -2.01% (category A), -1.30% (B) and -0.18% (C), and annual Mirex returns were 10.00% (A), 7.26% (B) and 3.45% (C). MPF portfolios comprised EUR 14.2bn in bonds (59.7% of assets), EUR 5.6bn in equities (23.4%), EUR 2.3bn in investment funds (9.7%) and EUR 1.2bn in cash and deposits (5.0%). Open-ended and closed-ended voluntary pension funds had 423,304 and 49,986 members respectively, with March payments in of EUR 11.2m and payments out of EUR 5.5m; monthly nominal returns ranged from -2.4% to -0.3% and the asset mix was 54.0% bonds, 26.0% stocks and 10.1% investment funds. The insurance market comprised 14 insurers, collecting EUR 493.0m of premiums in the first three months of 2025, up 9.1% year on year, including EUR 76.8m of life premiums and EUR 416.1m of non-life premiums. Claims settled totalled EUR 294.9m, down 12.7% year on year, including EUR 86.0m in life insurance and EUR 209.0m in non-life insurance. On the Zagreb Stock Exchange, March turnover rose 27.1% to EUR 55.5m and market capitalisation increased 3.4% to EUR 51.7bn, split across EUR 29.7bn in stocks, EUR 19.1bn in bonds, EUR 2.7bn in money market instruments and EUR 121m in ETFs; the CROBIS bond index fell 0.2% and Končar d.d. was the most traded share with EUR 5.1m turnover. UCITS numbered 119 and recorded net inflows led by money market funds (EUR 154.4m), while asset-weighted average monthly returns were negative for all UCITS types except money market funds (0.3%); the Fund for Croatian Homeland War Veterans and Members of their Families reported assets of EUR 234.7m and a 3.5% monthly return.

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