The solvency margin of the insurance sector stands at 233.2%. However, it should be noted that this percentage corresponds to September 2020, the latest data available, since the DGSFP has just published the Quarterly Information Bulletin corresponding to the third quarter of last year. Although this period may seem a long time ago, it indicates the trend in which the sector finds itself. Compared with the previous quarter, the Spanish insurance industry as a whole has managed to increase its ratio of eligible own funds to solvency capital requirement by 4.2 percentage points.
By type of entity, mutuals are the most solvent, with a margin that rises to 339.8%, 2.1 points higher than in the second quarter of 2020. This was followed by public limited companies, with a solvency margin of 225.3%, also 3 points higher than in June.
Lastly, mutual insurance companies have a solvency margin of 208.2%, a significant increase of 18.1 points, and reinsurance companies have also managed to increase it by a total of 2.4 points to 203.7%.
News Source: Grupo Aseguranza 11/02/2021