Insurance Corporations Statistics – Q2 2021

Publication date: 03 September 2021 

Key Points

  • Total assets rose by €11.1 billion over Q2 2021 to stand at €407 billion. This represents the fifth consecutive quarter of asset growth.
  • Equity and Investment Funds shares were the main drivers of this increase, rising by €3.9 billion and €6.6 billion respectively.
  • Unit-linked ITRs* were the primary contributor to the rise in total liabilities, accounting for 84% of the €11.1 billion increase.

Summary Charts

Chart 1: Investment fund shares (€174.9 billion) remained the largest asset holding, followed by debt securities (€70 billion) and equity (€55.3 billion).

Total Assets Stacked Area Chart 2018-2021

 

Chart 2: Holdings of debt securities rose to €70 billion. The increase was primarily driven by debt securities issued by OFIs.

Debt Securities Stacked Bar Chart 2018 - 2021

Chart 3: Unit-linked ITRs increased to €253.4 billion as non-unit linked ITRs decreased to €55.3 billion.

Insurance Technical Reserves Stacked Bar Chart 2018 - 2021

**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 56 KB Premiums, Claims and Acquisition Expenses Statistics | xls 25 KB Explanatory Notes - Insurance Statistics | pdf 475 KB