At the National Statistical Institute, according to preliminary data, 45 licensed insurers, 10 pension companies and 31 supplementary pension funds managed by them, as well as 19 funds for making payments, 248 investment companies and 10 479 associations and foundations have submitted their annual reports for 2023.
Insurance companies
For 2023, a total of 45 licensed insurance companies have submitted their annual reports at the National Statistical Institute, with balance value of assets as of 31.12.2023 for 8 897 million BGN and realised turnover[1] for 4 386 million BGN.
In 2023, the insurance companies have reported a positive financial result of their activity for 307 million BGN. In the life insurance sector, profit of 88 million BGN is realised while in non-life insurance sector, the profit reached 219 million BGN.
Pension Companies and Pension Funds
In 2023, 10 pension companies have been active, with balance value of assets at the end of the year for 621 million BGN and have realized profit amounted to 95 million BGN.
For the reference year 2023, 31 supplementary pension funds have submitted annual reports for their activity at the NSI, of which 20 for mandatory pension insurance, as well as 19 funds for making payments. The balance value assets of supplementary pension insurance fund as of 31.12.2023 is 23 028 million BGN and the investments reached 21 459 million BGN. The balance value assets of pension payment funds as of 31.12.2023 is 130 million BGN and the investments reached 80 million BGN.
Investment Companies
For the reference 2023, at the NSI were submitted 248 annual reports by the investment companies, with total balance value of their assets the end of the year for 15 009 million BGN. Foreign assets received (securities and cash to customers) amounted to 9 675 million BGN.
The financial revenues in the investment companies for 2023 at current prices totalled 1 618 million BGN and the financial result for the year was a profit of 254 million BGN.
Associations and Foundations
According to preliminary data, the number of associations and foundations, which have submitted annual reports for 2023 at the NSI, was 10 479. The balance value of their assets as of 31.12.2023 amounted to 1 607 million BGN.
The members of associations and foundations as of 31.12.2023 were 2 136 824, of which 192 724 were legal entities and 1 944 100 were individuals. The working volunteers were 1 086 516, as they worked a total of 1 460 843 hours.
[1] The turnover includes the gross premiums written in the current accounting year.
