Insurance Corporations Statistics – Q4 2021

Publication date:  08 March 2022

Key Points

  • Total assets rose by €10.7 billion over Q4 2021 to stand at €425 billion. Equity and Investment Fund shares were the main drivers of this increase, rising by €5.1 billion and €7.6 billion respectively.
  • Debt Security holdings accounted for 17% of insurance corporation (IC) total assets, the highest share of total assets since the series began.
  • The overall increase in total liabilities was primarily driven by an increase of €13.5 billion in Life insurance technical reserves (ITRs*), while being slightly offset by a decrease of €2.5 billion in Non-life insurance ITRs.

Summary Charts

Chart 1: IC total assets increased by 2.6% in Q4 2021, representing the 7th consecutive quarter of growth

IC total assets increased by 2.6% in Q4 2021, representing the 7th consecutive quarter of growth

Chart 2: Debt Security holdings stood at €71.7 billion, or 17% of total sector assets. 57% of debt security holdings are issued by private sector institutions.

Debt-Security-holdings-stood-at-€71.7-billion,-or-17%-of-total-sector-assets

*Other Assets includes Financial Derivatives, Non-Financial Assets and Remaining Assets

Chart 3: Unit linked ITRs continue to rise, now standing at €273 billion. In contrast Non-life ITRs fell to €37 billion.

Unit linked ITRs continue to rise, now standing at €273 billion. In contrast Non-life ITRs fell to €37 billion

*ITRs are a liability on the balance sheet of an insurance corporation (IC). They are the funds an IC holds in reserve to cover their estimated claims. These are different to the asset insurance technical reserves and related claims.


Note: This statistical release references outstanding amounts for assets and liabilities of Insurance Corporations resident in Ireland.

Related Data Sets

Download the Insurance Corporation Statistics tables in CSV format.

Balance Sheet of Irish Insurance Corporations | xls 57 KB Premiums, Claims and Acquisition Expenses Statistics | xls 25 KB Explanatory Notes - Insurance Statistics | pdf 475 KB