Insurance Corporations Statistics

Key Points - Q1 2026

Publication date: 5 June 2026

• Total assets of Irish insurance corporations increased by €4 billion on a quarterly basis to reach €495 billion in Q1 2026, as shown in Chart 1. Loans were the largest contributor to this quarterly growth, increasing by 27.3% (+€4 billion). However, loans remain €1.3 billion below Q1 2025 levels, with the Q1 increase largely offsetting declines in the previous quarter. In contrast, investment funds shares/units, which decreased slightly in Q1 2026 (by 0.6%, corresponding to -€1.3 billion), are the asset category that increased the most from Q1 2025, climbing €17.5 billion (up 9.3%).
• Insurance corporations’ liabilities increased on a quarterly basis in Q1 2026, as shown in Chart 2. This reflected a 12% rise in non-life insurance technical reserves (ITRs)¹ and a 5.9% rise in other liabilities, corresponding to €5.4 billion and €1.3 billion increases, respectively. Tempering this expansion were reductions across all other categories, particularly equity, which contracted 5.7% (-€1.8 billion). Year-on-year, unit-linked life ITRs have led the growth, rising €32.5 billion from Q1 2025, in contrast to the modest quarterly decline. The other categories have seen small annual movements.
• The total value of premiums written by Irish insurance corporations increased by 3.5% (€3.9 billion) in 2025 compared to the previous year, to stand at €113 billion. This increase was driven by the life & composite insurance and non-life insurance sectors, with premiums increasing by 7.3% (+€3.5 billion) and 6.5% (+€1.6 billion), respectively. Conversely, premiums in the reinsurance sector decreased by 3.2% (-€1.2 billion).