The insurance market consolidates its financial position - According to AFSA, "Non-Life" remains the main contributor to the result
During 2025, the insurance market has further consolidated its financial position, reflecting a significant improvement in performance compared to 2024. Referring to the AFSA report, the overall financial result for the last period of 2025 resulted in the value of 3.131 billion lek.
The Non-Life insurance market remains the main contributor to the result, with a profit of 2,710 billion lek, while Life insurance realized a profit of 421 million lek, maintaining a stable growth profile and financial stability.
The financial result in the Non-Life market for 2025 was mainly influenced by the increase in gross written premiums by 2,223 billion lek, reporting a level of 24,661 billion lek at the end of 2025. Meanwhile, operating expenses recorded an increase of 5% compared to the previous year.
In the Life market, the financial result was influenced by the increase in gross written premiums, which for 2025 reached 2,436 billion lek from 2,070 billion lek reported for 2024. Investment income increased by 235 million lek or 143% compared to 2024. Net claims paid in relation to net earned premiums at the end of 2025, for the Non-Life market resulted at 38.4% from 40.6% a year earlier.
For the Life market, the net claims/premium ratio for 2025 is 17.5% from 20.4% at the end of 2024. This decrease mainly reflects a lower level of reported events and consequently a reduced volume of claims paid during the period, in line with the long-term nature of life insurance.
The expense ratio, which is calculated against total gross premiums, for the reporting period in the Non-Life market results in a slight annual decrease to around 50.9% compared to 51.7% a year earlier.
For the Life market, this ratio has hardly changed, maintaining more or less the same level.
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