Investment companies report the highest turnover and health insurers - losses at the end of 2011

Last year, investment companies achieved the highest growth of turnover and health insurers were in the red, showed data of the National Statistical Institute (NSI) published on the website of the institution.

In 2011, the number of companies specialised in investment activities, including investment companies, investment intermediaries, management companies, mutual funds and the special investment purpose public limited companies (SIPPLC) totaled 249. According to preliminary data, the balance sheet value of their assets stood at BGN 9.024 bn at the end of 2011, or 32.9% up year-on-year. Attracted assets from customers (securities and cash) were BGN 6.477 bn, having increased by 39.5% year-on-year.

The turnover of insurance companies at current prices in 2011 stood at BGN 1.710 bn, reporting an increase of 0.8% over the previous year. Life insurance registered a higher increase in turnover - 3.8% - and general insurance – of 0.2%.

In 2011, insurance companies reported positive financial results from their operation, amounting to BGN 71 mln, or BGN 62.9 mln up from the previous year. The profit of general insurance companies reached BGN 61.3 mln and that of life insurers amounted to BGN 9.7 mln.

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