About condition of the insurance sector of Kazakhstan as of 1 June 2025
As of 1 June 2025, insurance sector of the Republic of Kazakhstan is represented by 25 insurance organizations, including 10 life insurance companies and 15 general insurance companies.
Assets of (re)insurance organizations at the end of May 2025 rose by 0.8% to 3.4 trillion KZT (an 8.1% growth since the beginning of 2025) as a result of growing income from insurance activities.
As of 1 June 2025, securities account for the largest share in the asset structure – 71.8% (2.4 trillion KZT), cash and deposits with second-tier banks – 6.7% (225.1 billion KZT), insurance receivables – 4.5% (151.2 billion KZT).
Liabilities of (re)insurance organizations grew by 0.7% to 2.4 trillion KZT in May 2025 (up by 9.4% since the beginning of 2025) as a result of expanded insurance reserves under signed contracts.
Equity capital of (re)insurance organizations widened by 1.2% to 992 billion KZT (up 5.0% since the beginning of 2025) as a result of growth in net profit for the reporting period.
In May 2025, insurance organizations received a profit of 31.8 billion KZT (74.4 billion KZT net profit since the beginning of 2025).
Number of insurance contracts signed with individuals and legal entities since the beginning of 2025 made 10.5 million contracts, which is 26.1% more than in the same period of 2024. Accident insurance contracts demonstrate the main growth (an increase of 38.8% or 1.1 million contracts).
Insurance premiums accepted under (re)insurance contracts in May 2025 amounted to 130.9 billion KZT. Since the beginning of 2025, insurance premiums totaled 674.5 billion KZT, which is 23.8% more than for the same period in 2024.
Volume of insurance premiums under voluntary personal insurance for May 2025 reached 60.9 billion KZT, since the beginning of 2025 – 325.4 billion KZT, which is 33.7% more than for the same period in 2024. The growth is mainly attributed to an increase in collected premiums under accident insurance by 79.6% to 69.4 billion KZT and pension annuity insurance by 42% to 122.8 billion KZT.
Under voluntary property insurance, insurance premiums in May 2025 made 48.7 billion KZT, since the beginning of 2025 – 240.4 billion KZT, which is 20.2% more than in the same period last year. The growth is mainly connected with an increase in the collected premiums for the class of civil liability insurance by 34.9% and property damage insurance by 14.0%.
Under compulsory insurance, insurance premiums in the amount of 21.4 billion KZT were collected in May 2025, since the beginning of 2025 – 108.7 billion KZT, which is 7.0% more than in the same period of 2024. The growth is mainly due to an increase in premiums under civil liability insurance of vehicle owners (a 23.9% increase to 48.0 billion KZT).
Insurance payments for May 2025 totaled 34.8 billion KZT, since early 2025 – 166.7 billion KZT, which is 40.7% more than for the same period in 2024, a total of 117.3 thousand payments were made.
External Communications Directorate