The National Statistical Institute published final data on the activity of Financial Enterprises and Associations and Foundations for 2023.
Insurance Companies
The balance value of assets of insurance as 31.12.2023 being 8 895 million BGN. In the life insurance sector, gross written premiums amount to 490 million BGN, and the balance of the technical report is 88 million BGN. In the technical report of General Insurance, the gross accrued written premiums amount to 3 898 million BGN, and the balance of the technical report is BGN 285 million. In 2023, the insurance companies have reported a positive financial result of their activity for 307 million BGN.
Pension Companies and Pension Funds
The balance value of the assets of the pension insurance companies at the end of the year for 621 million BGN. Realized profit amounted to 95 million BGN.
The assets balance value of the supplementary pension insurance funds is 23 028 million BGN, and the investments reached 21 459 million BGN. The balance value of the assets of the pension payment funds is 130 million BGN, and the investments reached 80 million BGN.
Specialized Investment Companies
The balance value of the assets at the end of the year of the specialized investment companies is 15 009 million BGN. The foreign assets received (financial instruments and cash of customers) amounted to 9 675 million BGN.
The financial income of the specialized investment enterprises in 2023 amounts to 1 618 million BGN, and the financial result for the year is a profit of 254 million BGN.
Associations and Foundations
According to the final data of the NSI for the associations and foundations that submitted an annual report on their activities, the balance sheet value of their assets is 1 642 million BGN.
The revenues from regulated activity amount to 997 million BGN, and the profit from economic activity is 33 million BGN.
Detailed data can be found on the NSI website under the heading 'Financial Enterprises'.
