The total value of insurance companies’ assets decreased by 0.5%, or €119 million, compared to the previous quarter, reaching €21,947 million at the end of the first quarter of 2026, according to data released by the Bank of Greece.
More specifically, total deposits of insurance companies stood at €560 million at the end of the first quarter of 2026, compared to €558 million in the previous quarter. Deposits with domestic credit institutions increased by €10 million to €382 million, while deposits with foreign credit institutions decreased by €8 million to €178 million. The ratio of deposits to total assets remained virtually unchanged at 2.6% in the first quarter of 2026.
The value of insurance companies’ total investments in debt securities decreased to €10,571 million at the end of the first quarter of 2026, compared to €10,629 million in the previous quarter, a development attributable to a decline in the valuations of domestic and foreign bonds, which was partially offset by net purchases of bonds overall. The share of debt securities in total assets remained unchanged from the previous quarter and stood at 48.2% in the first quarter of 2026.
The value of total investments in mutual fund shares decreased to €7,315 million, compared to €7,373 million in the previous quarter, and their share of total assets remained virtually unchanged at 33.3% in the first quarter of 2026 compared to the previous quarter. The decrease in the value of investments is due to a decline in domestic and foreign fund share prices, which was partially offset by net purchases of all fund shares.
The value of total investments in equities and other equity instruments decreased to €996 million, compared to €1,034 million in the previous quarter, a development primarily attributable to a decline in the valuations of foreign equities. The ratio of total equity investments to total assets remained virtually unchanged from the previous quarter, standing at 4.5% in the first quarter of 2026.
On the liability side, equity stood at €3,894 million at the end of the first quarter of 2026. Technical provisions decreased by €64 million to €15,992 million. More specifically, life insurance technical provisions decreased by €90 million to €12,439 million, while non-life insurance technical provisions increased by €26 million to €3,553 million. Of the total technical provisions, 77.8% correspond to life insurance technical provisions.
