Insurance Corporations Statistics

Balance sheet (assets and liabilities) data for Insurance Corporations resident in Ireland (ESA 2010 sector S128). Insurance Corporations consist of financial corporations that are principally engaged in financial intermediation as a consequence of the pooling of risks, mainly in the form of direct insurance or reinsurance. 

 Key Points - Q4 2024

 Publication date: 05 March 2025

  • Total assets of Irish Insurance Corporations (ICs) stood at €461 billion in Q4 2024, as is shown in Chart 1. This marked a total increase of €9 billion from the previous quarter. This growth was primarily driven by a combined increase in holdings of Investment Funds, Equity and Debt Securities of €14.8 billion in the period. This increase was partially offset by a decrease in the holdings of Loans of €4.7 billion in the same period.
  • Insurance Corporations’ liabilities also rose in Q4 2024, primarily driven by a €15 billion increase in Unit-Linked Life Insurance Technical Reserves (ITRs)1, as shown in Chart 2. Total Unit-Linked Life ITRs rose by €44 billion in the year to date. 
  • Insurance Corporations holdings of Government Debt securities stood at €37 billion in Q4 2024. A breakdown of these holdings by issuer country is shown in Chart 3. Eurozone government issuers dominate these holdings, accounting for 77 per cent of the total. The largest Non-Eurozone government issuer is the United States, which accounts for €4 billion in holdings. 

Summary Charts

Chart 1: Assets of Irish Insurance CorporationsChart of Assets of Irish Insurance Corporations (ICs) Chart 2: Liabilities of Irish Insurance CorporationsChart displaying Liabilities of Irish Insurance Corporations

Chart 3: Insurance Corporations’ Government Debt Security holdings, by Issuer CountryTree map displaying Insurance Corporations’ Government Debt Security holdings, by Issuer Country

[1] In the Insurance Corporation context [Insurance] Technical Reserves ([I]TRs) are liabilities relating to claims on (re)insurance corporations and assets relating to claims on reinsurance corporations.  

Related Data Sets

Download the Insurance Corporation Statistics tables in CSV format.

Balance Sheet of Irish Insurance Corporations | xls 61 KB premiums-claims-and-acquisitions-expenses-statistics | xls 26 KB Explanatory Notes - Insurance Statistics | pdf 475 KB

Explore Insurance Corporations Statistics in Open Data Format