Press Release - Statistics on Euro Area Insurance Corporations and Pension Funds: First Quarter 2016
In the first quarter of 2016, the total financial assets of euro area insurance corporations and pension funds increased to €9,361 billion, from €9,128 billion in the previous quarter. Over the same period, the amount outstanding of insurance technical reserves, which are the main liabilities of insurance corporations and pension funds, increased to €7,833 billion, from €7,597 billion. This increase was partly due to an increase in transactions by €96 billion.
Regarding the breakdown of the assets of the aggregated balance sheet of euro area insurance corporations and pension funds, holdings of securities other than shares accounted for 41% of the sector's total financial assets at end-March 2016. The second largest category of holdings were investment fund shares, which contributed 27% to the total financial assets. Finally, shares and other equity accounted for 10% of the total financial assets.
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