Opciones de búsqueda
Home Medios El BCE explicado Estudios y publicaciones Estadísticas Política monetaria El euro Pagos y mercados Empleo
Sugerencias
Ordenar por
No disponible en español
  • PRESS RELEASE

Euro area insurance corporation statistics: third quarter of 2019

2 December 2019

  • Total assets of euro area insurance corporations amounted to €8,764 billion in third quarter of 2019, €291 billion higher than in second quarter of 2019
  • Total insurance technical reserves of euro area insurance corporations rose to €6,733 billion in third quarter, up €249 billion from second quarter

Total assets of euro area insurance corporations increased to €8,764 billion in the third quarter of 2019, from €8,473 billion in the second quarter. Debt securities accounted for 41.5% of the sector's total assets in the third quarter. The second largest category of holdings was investment fund shares (26.1%), followed by equity (10.3%) and loans (7.0%).

Holdings of debt securities increased to €3,640 billion at the end of the third quarter from €3,520 billion at the end of the previous quarter (see Chart 1). Net purchases of debt securities amounted to €28 billion in the third quarter; price and other changes amounted to €91 billion. The year-on-year growth rate of debt securities held was 3.0%.

Looking at holdings by issuing sector, the annual growth rate of debt securities issued by euro area general government was 1.9% in the third quarter of 2019, with net purchases in the quarter amounting to €8 billion. As regards debt securities issued by the private sector, the annual growth rate was 3.7%, and quarterly net purchases amounted to €13 billion. For debt securities issued by non-euro area residents, the annual growth rate was 4.7%, with quarterly net purchases of €7 billion.

Chart 1

Insurance corporations' holdings of debt securities by issuing sector

(quarterly transactions in EUR billions; not seasonally adjusted)

Data for insurance corporations' holdings of debt securities by issuing sector

Turning to insurance corporations' holdings of investment fund shares, these increased to €2,288 billion in the third quarter of 2019, from €2,205 billion in the previous quarter, with net purchases of €35 billion and price and other changes of €48 billion (see Chart 2). The year-on-year growth rate in the third quarter was 3.4%.

The annual growth rate of euro area money market fund shares held by insurance corporations was 15.0% in the third quarter of 2019, with net purchases in the quarter amounting to €2 billion. As regards holdings of euro area non-money market fund shares, the annual growth rate was 4.5%, with quarterly net purchases amounting to €33 billion. For investment fund shares issued by non-euro area residents, the annual growth rate was -16.9%, with quarterly net sales of €0 billion.

Chart 2

Insurance corporations' holdings of investment fund shares by issuing sector

(quarterly transactions in EUR billions; not seasonally adjusted)

Data for insurance corporations' holdings of investment fund shares by issuing sector

In terms of main liabilities, total insurance technical reserves of insurance corporations amounted to €6,733 billion in the third quarter of 2019, up from €6,484 billion in the second quarter (see Annex). Life insurance technical reserves accounted for 91.0% of total insurance technical reserves in the third quarter. Unit-linked products amounted to €1,266 billion, accounting for 20.7% of total life insurance technical reserves.

Annex

Annex: Table on euro area insurance corporations

For media queries, please contact Stefan Ruhkamp, tel.: +49 69 1344 5057.

Notes:

  • "Other assets" includes currency and deposits, insurance technical reserves and related claims, financial derivatives, non-financial assets and remaining assets.
  • "Private sector" refers to euro area excluding general government.
  • "Investment funds" includes money market funds and non-money market funds.
  • Hyperlinks in the main body of the press release and in the annex table lead to data that may change with subsequent releases as a result of revisions. Figures shown in the annex table are a snapshot of the data as at the time of the current release.
CONTACTO

Banco Central Europeo

Dirección General de Comunicación

Se permite la reproducción, siempre que se cite la fuente.

Contactos de prensa