Total assets of insurance corporations decreased by 0.5% to EUR21,947 million in the first quarter of 2026 from EUR22,066 million in the previous quarter.
Total insurance technical reserves decreased by EUR64 million to EUR15,992 million from EUR16,056 million in the previous quarter.
Total assets of insurance corporations decreased by EUR119 million from the previous quarter and stood at EUR21,947 million at the end of the first quarter of 2026.
In further detail, overall insurance corporations' deposits stood at EUR560 million at the end of the first quarter of 2026 from EUR558 million in the previous quarter. Deposits with domestic credit institutions increased by EUR10 million to EUR382 million, while deposits with foreign credit institutions decreased by EUR8 million to EUR178 million. Deposits' share in total assets remained almost unchanged at 2.6% in the first quarter of 2026.
Total holdings of debt securities decreased to EUR10,571 million at the end of the first quarter of 2026 from EUR10,629 million in the previous quarter. This development is due to a decline in prices of domestic and foreign bonds, partially offset by overall net bond purchases. Debt securities' share in total assets remained unchanged compared with the previous quarter and stood at 48,2% in the first quarter of 2026.
Total holdings of investment fund shares decreased to EUR7,315 million compared with EUR7,373 million in the previous quarter. Their share in total assets remained almost unchanged at 33.3% in the first quarter of 2026 compared with the previous quarter. The decrease in the value of these holdings arises from a downward revaluation of domestic and foreign investment fund shares, partially offset by total net purchases of shares.
Equity holdings decreased to EUR996 million from EUR1,034 million in the previous quarter. This development is mainly attributed to decreases in foreign equity prices. Equity holdings' share in total assets remained almost unchanged compared with the previous quarter and stood at 4.5% in the first quarter of 2026.
On the liabilities side, own funds stood at EUR3,894 million at the end of the first quarter of 2026. Total insurance technical reserves decreased by EUR64 million to EUR15,992 million. In further detail, life technical reserves decreased by EUR90 million to EUR12,439 million, whereas non-life technical reserves increased by EUR26 million to EUR3,553 million. The share of life technical reserves corresponds to 77.8% of total technical reserves.
Table 1: Balance Sheet of Insurance Corporations (EUR million at the end of the period)
Table 2: Net flows of investments of Insurance Corporations (EUR millions)
Chart 1
Chart 2
Notes:
1. Data to the Bank of Greece are submitted by the supervised insurance corporations, as defined in article 1 of the Executive Committee Act 94/16.5.2016 Opens in new tab concerning the single submission of national reports by insurance and reinsurance corporations to the Bank of Greece, in the context of Solvency II for supervisory and statistical purposes.
2. Net flows are derived from the change in the outstanding amounts of stocks corrected for revaluation and reclassification adjustments.
Related information:
The next Press Release on 'Statistics on Insurance Corporations' for the second quarter of 2026 will be published on 26 August 2026, according to the Advance release calendar, Opens in new tab as published on the Bank of Greece website.
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