Insurance Corporations Statistics
Balance sheet (assets and liabilities) data for insurance corporations resident in Ireland (ESA 2010 sector S128). Insurance corporations consists 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 - Q3 2024
Publication date: 20 December 2024
- Total assets holdings of Irish Insurance Corporations (ICs) stood at €452 billion in Q3 2024. This represents an increase of €18 billion from the previous quarter. This increase is primarily driven by increases in holdings of Investment Funds, Debt Securities and Equity.
- Insurance Corporations’ liabilities also increased in Q3 2024, as is shown in Chart 2. This increase was primarily driven by increases in Unit-Linked Life Insurance Technical Reserves (ITRs) 1 of €15 billion.
- Investment fund holdings continue to be the largest asset class held by Irish ICs. In the most recent quarter, these holdings stood at €181 billion. This represents about 40 per cent of all assets held by ICs. Chart 3 below breaks down these fund holdings by fund type, with equity funds (41 per cent) and bond funds (23 per cent) accounting for the majority of the fund holdings.
Summary Charts
Chart 1: Assets of Irish insurance corporations
Chart 2: Liabilities of Irish insurance corporations
Chart 3: Insurance Corporation’s investment fund holdings, by type of fund
[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 60 KB
Premiums, Claims and Acquisitions Expenses Statistics | xls 25 KB
Explanatory Notes - Insurance Statistics | pdf 475 KB