At the National Statistical Institute (NSI), according to preliminary data, annual reports on their activities for 2024 were submitted by 47 licensed insurers, 10 pension companies and 31 supplementary pension funds managed by them, as well as 20 funds for making payments, 259 investment companies and 10 631 associations and foundations.
Insurance companies
At NSI annual reports on their activities for 2024 were submitted by 47 licensed insurers with balance value of assets as of 31.12.2024 from 9 630 million BGN and realised turnover[1] from 4 336 million BGN.
In 2024, the insurance companies reported a positive financial result of their activity amounting to 303 million BGN. In the life insurance sector, profit of 73 million BGN was realised while in the non-life insurance sector, the profit reached 230 million BGN. The total comprehensive income for the period of all insurers amounted to 333 million BGN.
Pension Companies and Pension Funds
In 2024, 10 pension companies had been active, with balance value of assets at the end of the year for 710 million BGN and they realized profit amounted to 120 million BGN.
For the reference year 2024, 31 supplementary pension funds have submitted annual reports for their activity at the NSI, of which 20 were for mandatory pension insurance, as well as 20 funds for making payments. The balance value assets of supplementary pension insurance fund as of 31.12.2024 was 26 656 million BGN and the investments reached 25 279 million BGN. The balance value assets of pension payment funds as of 31.12.2024 was 227 million BGN and the investments reached 164 million BGN.
Investment Companies
For the reference 2024, at NSI were submitted 259 annual reports by the investment companies, with total balance value of their assets the end of the year for 17 284 million BGN. The received foreign assets (securities and cash to customers) amounted to 11 330 million BGN.
The financial revenues in the investment companies for 2024 at current prices amounted to 1 956 million BGN in total and the financial result for the year was a profit of 321 million BGN.
Associations and Foundations
According to preliminary data, the number of associations and foundations, which submitted annual reports for 2024 at NSI, was 10 631. The balance value of their assets as of 31.12.2024 amounted to 1 866 million BGN.
The members of associations and foundations as of 31.12.2024 were 2 081 559, of which 278 842 were legal entities and 1 802 717 were individuals. The working volunteers were 43 713, as they worked a total of 868 191 hours.
[1] The turnover includes the gross premiums written in the current accounting year.
