Insurance Corporations Statistics – Q2 2022

Publication date:  9 September 2022

Key Points

  • In line with global market conditions, total assets fell by 5.5% over Q2 2022 to stand at €393 billion. This marks the first time total assets have fallen for two consecutive quarters since the series began in Q3 2016.
  • Holdings of investment fund shares drove this decrease, with a reduction in asset values of €13.6 billion. Equity fund shares contributed to over half of this total, with a fall of €7.1 billion.
  • Life insurance technical reserves (ITRs) fell by €23.7 billion during Q2 2022. This decrease was partially offset by an increase in non-life ITRs of €2.7 billion over the quarter.

Summary Charts

Chart 1: Total asset values of Irish Insurance Corporations fell for the second consecutive quarter. 

Total asset values of Irish Insurance Corporations fell for the second consecutive quarter 

Chart 2: Investment fund share holdings decreased by €13.6 billion over the quarter, driven by a fall in equity fund shares. Investment fund share holdings decreased by €13.6 billion over the quarter, driven by a fall in equity fund shares.

Chart 3: Life Unit-linked Insurance Technical Reserves (*ITRs) fell to €244 billion in Q2 2022, while Non-life ITRs rose to €42 billion.

Life Unit-linked Insurance Technical Reserves (*ITRs) fell to €244 billion in Q2 2022, while Non-life ITRs rose to €42 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.

Related Data Sets

Download the Insurance Corporation Statistics tables in CSV format.

Balance Sheet of Irish Insurance Corporations | xls 58 KB Premiums Claims and Acquisitions Expenses Statistics | xls 24 KB Explanatory Notes - Insurance Statistics | pdf 475 KB