The assets of the insurers, re-insurers and health insurance companies, operating in Bulgaria amounted to BGN 3 849.7 million as at June 30, 2009, data of the Bulgarian National Bank showed. This amount increased by BGN 67.3 million (1.8%), compared to March 31, 2009 (BGN 3 782.4 million). Compared to 30.06.2008 they increased by BGN 1 436 million (59.5%) from BGN 2 413.7 million to BGN 3 849.7 million as of the end of June 2009.

The assets of the Life insurance companies increased by BGN 17 million (1.8%) from BGN 935.3 million as of 31.03.2009 to BGN 952.3 million as of 30.06.2009. The General insurance companies assets increased by BGN 51 million (1.8%) from BGN 2 780.9 million as of 31.03.2009 to BGN 2 831.9 million as at June 30, 2009.

The largest share of the overall assets as of 30.06.2009 was held by General insurance companies (73.6%) against 73.5% on March 31, 2009 and 61.7% on June 30, 2008 respectively. Life insurance companies had a share of 24.7% as at June 30, 2009 against 24.7% on March 31, 2009 and 36.1% on June 30, 2008 respectively.

Among the instruments included in the portfolio of the insurers, re-insurers and health insurance companies as at June 30, 2009, the largest share of the overall assets belonged to securities other than shares - 29.7% against 28% as of March 31, 2009, deposits held 25.6% against 23.1% as at March 31, 2009 and claims presented 20.8% against 23.4% as at March 31, 2009. Assets in deposits as at June 30, 2009 increased by BGN 110.6 million (12.7%) to BGN 983.6 million, securities other than shares assets increased by BGN 86.5 million (8.2%) to BGN 1 144.6 million. Claims decreased by BGN 81.9 million (9.3%) to BGN 802.2 million on June 30, 2009, compared to March 31, 2009.

The currency breakdown of the insurers, re-insurers and health insurance companies assets indicates that as of June 30, 2009 of highest importance were the assets denominated in BGN - 54.6%, against 55.8% as at March 31, 2009, and EUR - 23%, against 31.7% as at March 31, 2009.

The geographical breakdown shows that the assets were mainly allocated to the domestic market, where 61.2% of the investments of insurers, re-insurers and health insurance companies were concentrated as at June 30, 2009, compared to 61.6% as at March 31, 2009. Compared to March 31, 2009 investments in Bulgaria increased by BGN 24.8 million (1.1%) to BGN 2 355.9 million (30.06.2009). The assets invested in the EU countries increased by BGN 38.3 million (3.1%) to BGN 1 276.8 million as of June 30, 2009 against BGN 1 238.5 million on March 31, 2009.

The liabilities of insurers, re-insurers and health insurance companies amounted to BGN 3 849.7 million as of June 30, 2009. The largest share of the overall liabilities as of June 30, 2009 belonged to insurance technical reserves - 52.4%, against 57% as at March 31, 2009. The own capital held a share of 28.2% as of the end of June 2009, against 27% on March 31, 2009, and other assets share was 7.4% on 30.06.2009, against 7.6% on March 31, 2009.

The own capital liabilities amounted to BGN 1 087.1 million as at June 30, 2009, which is an increase by BGN 67.2 million (6.6%) compared to March 31, 2009 (BGN 1 019.9 million). As at June 30, 2009 insurance technical reserves decreased by BGN 137.2 million (6.4%) to BGN 2 017.6 million, against BGN 2 154.8 million as at March 31, 2009. Among the instruments included in liabilities, obligations raised considerably during the period. Their amount increased by BGN 136.2 million (46.8%) to BGN 427.4 million on June 30, 2009, against BGN 291.2 million on March 31, 2009.

The institutional sector breakdown of the insurance technical reserves liabilities as at June 30, 2009, shows that households and non-profit institutions held the highest share - 18.4%, against 16.7% as at March 31, 2009 and insurance companies and pension funds liabilities presented 16.3%, against 14.6% on March 31, 2009. Non-financial corporations liabilities on June 30, 2009 were 11.2% of the overall insurance technical reserves liabilities against 10.4% as at March 31, 2009.

As of June 30, 2009, the insurance companies and pension fund liabilities included in the insurance technical reserves were increased by BGN 13.5 million (4.3%) to BGN 327.9 million, against BGN 314.4 million as at March 31, 2009. The households and non-profit institutions liabilities as of June 30, 2009 increased by BGN 11.6 million (3.2%) to BGN 372 million, and Non-financial corporations liabilities raised by BGN 1.4 million (0.6%) to BGN 225.1 million, compared to March 31, 2009.