Insurance Corporations Statistics
Balance sheet (assets and liabilities) data for Insurance Corporations resident in Ireland (ESA 2010 sector S128). Insurance Corporations consist 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 - Q1 2025
Publication date: 30 May 2025
- Total assets of Irish insurance corporations (ICs) stood at €464 billion in Q1 2025, as shown in Chart 1. This marked an increase of €3.4 billion from the previous quarter and €28 billion from Q1 2024. Holdings of loans experienced the largest increase in the quarter, rising by €5.2 billion. Despite declining on a quarterly basis, investment fund holdings had the largest growth from Q1 2024, with an increase of €17 billion.
- Insurance corporations’ liabilities also rose in Q1 2025 compared to the previous quarter, primarily driven by an €7.6 billion increase in non-life insurance technical reserves (ITRs)1. This was partially offset by a decrease in life ITRs, as shown in Chart 2. However, both non-life and life ITRs rose from Q1 2024 by 9 per cent and 8 per cent, respectively.
- For the year 2024, the total value of premiums written within the Irish insurance corporation market increased by 5.3 per cent (€5.5 billion), to stand at €109 billion. This increase was driven by the life insurance and reinsurance sectors, with premiums increasing by 14.6 per cent (€6.1 billion) and 14.5 per cent (€4.8 billion) respectively. Conversely, premiums in the non-life insurance sector decreased by 18.5 per cent (€5.4 billion).
Summary Charts
Chart 1: Assets of Irish Insurance Corporations.png?sfvrsn=5ead651a_4 "Assets of Irish Insurance Corporations (ICs)")
Chart 2: Liabilities of Irish Insurance Corporations
Chart 3: Total Premiums Written by Irish based Insurance Corporations (by subsector)
[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 62 KB
Premiums, Claims and Acquisition Expenses Statistics | xls 26 KB
Explanatory Notes - Insurance Statistics | pdf 475 KB