What is the French insurance corporations balance sheet?

The French insurance corporations balance sheet is a quarterly aggregated statement of assets and liabilities held by insurance companies resident in France, published by the European Central Bank.

What types of assets do French insurers hold?

French insurance corporations hold a variety of financial assets, including currency and deposits, debt securities, equity, listed and unlisted shares, and various investment fund shares like bond and real estate funds.

How are life insurance reserves represented in French insurance data?

Life insurance reserves are recorded as liabilities on the French insurance corporations balance sheet, with specific breakdowns for unit-linked life insurance contracts and other technical reserves.

How far back does the French insurance balance sheet data go?

Aggregated quarterly balance sheet data for insurance corporations in France is available starting from 2016, with values expressed as outstanding amounts in millions of euros.

French insurance corporations balance sheet

Name: French insurance corporations balance sheet
Creator: ECB Data Portal – Insurance corporations balance sheet (ICB), France
License: https://creativecommons.org/licenses/by/4.0/

The French insurance corporations balance sheet shows quarterly assets and liabilities.

Indicator	Q2-2026	Q1-2026	Q4-2025	Q3-2025	Q2-2025	Q1-2025	Q4-2024	Q3-2024	Q2-2024	Q1-2024	Q4-2023	Q3-2023	Q2-2023
Total assets	3,293,621	3,188,009	3,148,370	3,093,021	3,067,288	3,029,178	2,973,063	2,993,092	2,950,675	2,962,056	2,878,360	2,794,887	2,832,533
Assets9
Currency and deposits	56,798	55,791	55,073	56,865	59,311	48,466	50,041	54,482	49,799	50,657	48,267	56,503	53,868
Loans	115,063	114,756	114,641	96,401	98,229	97,737	98,632	102,003	100,958	101,297	90,609	88,544	88,837
Debt securities	1,381,817	1,356,759	1,352,721	1,347,104	1,332,257	1,314,739	1,307,203	1,299,340	1,261,196	1,269,676	1,261,736	1,197,928	1,220,687
Equity3	437,192	426,061	422,714	413,835	411,451	416,515	406,292	405,992	408,113	412,469	393,287	390,768	396,420
Listed shares	93,977	86,056	90,800	89,298	87,770	87,358	82,336	84,008	82,924	86,591	82,078	78,604	82,630
Unlisted shares	210,931	206,789	203,251	199,259	200,681	203,577	198,684	198,998	199,827	194,820	186,997	184,987	188,861
Other equity	132,284	133,216	128,663	125,278	123,000	125,580	125,272	122,986	125,362	131,058	124,212	127,177	124,929
Investment fund shares2	995,188	926,887	926,269	904,309	885,295	861,407	860,129	870,302	853,752	853,682	833,910	807,621	817,129
Money market funds	101,332	93,597	87,501	96,960	100,201	90,913	88,448	108,834	105,727	109,379	104,714	100,753	98,081
Non-money market funds6	893,856	833,290	838,768	807,349	785,094	770,494	771,681	761,468	748,025	744,303	729,196	706,868	719,048
Equity funds	301,714	265,149	272,312	271,239	255,601	248,930	252,209	241,003	238,269	239,214	230,374	220,824	226,953
Bond funds	179,097	173,698	172,145	169,687	165,487	162,953	161,518	160,088	154,853	149,081	143,638	138,636	137,410
Mixed funds	202,008	186,689	202,895	201,543	200,676	195,715	196,607	192,493	184,769	185,573	184,006	180,202	184,877
Real estate funds	75,590	75,277	75,634	75,670	76,193	77,979	78,274	79,325	81,036	83,402	85,196	88,348	92,700
Hedge funds	12,946	12,116	10,067	8,503	8,677	8,098	7,627	8,555	8,452	8,425	8,350	8,565	9,069
Other funds	122,498	120,361	105,714	80,705	78,459	76,814	75,443	80,002	80,644	78,610	77,634	70,292	68,039
Technical reserves receivables	156,146	153,416	150,226	135,888	136,809	137,433	123,429	127,146	125,967	126,031	121,708	108,912	109,929
Financial derivatives	5,402	6,341	5,524	5,027	4,581	5,411	5,098	4,670	4,989	5,464	6,486	7,644	6,903
Non-financial assets	28,970	29,140	29,319	29,882	30,078	31,269	31,520	31,821	31,947	32,153	32,913	35,105	35,031
Remaining assets	117,045	118,858	91,883	103,710	109,277	116,201	90,719	97,336	113,954	110,627	89,444	101,862	103,729
Liabilities6
Loans received	199,270	191,666	183,318	163,831	171,623	164,113	148,626	164,653	164,425	164,927	146,689	150,297	151,971
Debt securities issued	100,053	98,680	99,599	101,067	100,164	96,625	97,059	99,321	97,379	98,704	92,988	91,517	93,040
Insurance technical reserves2	2,375,005	2,287,952	2,271,780	2,245,403	2,226,406	2,193,535	2,172,695	2,169,369	2,126,554	2,130,972	2,078,995	1,998,321	2,032,848
Life insurance reserves2	2,142,324	2,058,694	2,063,095	2,026,254	2,002,335	1,968,333	1,966,216	1,955,814	1,912,864	1,914,750	1,879,401	1,801,267	1,833,559
Unit-linked life insurance	661,541	613,221	613,355	586,102	569,040	554,163	544,632	534,478	523,034	519,990	492,266	468,247	475,321
Non-unit-linked life insurance	1,480,783	1,445,473	1,449,740	1,440,152	1,433,295	1,414,170	1,421,584	1,421,336	1,389,830	1,394,760	1,387,135	1,333,020	1,358,238
Non-life insurance reserves	232,681	229,258	208,685	219,149	224,071	225,202	206,479	213,555	213,690	216,222	199,594	197,054	199,289
Equity issued	472,466	453,542	458,119	446,620	442,535	431,068	429,212	436,389	432,213	427,580	419,859	426,703	429,420
Financial derivatives	7,157	7,208	6,776	6,682	5,941	6,852	7,067	6,793	7,374	7,846	7,800	9,232	9,721
Remaining liabilities	139,679	148,964	128,783	129,414	120,624	136,980	118,406	116,583	122,736	132,033	132,033	118,817	115,538

Latest reading

Total assets stood at 3,293,621 EUR million in Q2 2026. That is +3.3% from Q1 2026 and +7.4% from a year earlier. The series on this page is quarterly and runs from Q3 2016 to Q2 2026. Source: ECB Data Portal – Insurance corporations balance sheet (ICB), France.

Latest: 3,293,621 EUR million; Q2 2026
vs previous period: +3.3%; Q1 2026
vs a year earlier: +7.4%

About this data

The French insurance corporations balance sheet shows quarterly assets and liabilities. Published by the ECB, this dataset tracks holdings of debt securities, equity, and investment fund shares since 2016. Liabilities include insurance technical reserves and unit-linked life insurance reserves. All outstanding amounts are reported quarterly in millions of euros.

Frequently asked questions

What is the French insurance corporations balance sheet?: The French insurance corporations balance sheet is a quarterly aggregated statement of assets and liabilities held by insurance companies resident in France, published by the European Central Bank.
What types of assets do French insurers hold?: French insurance corporations hold a variety of financial assets, including currency and deposits, debt securities, equity, listed and unlisted shares, and various investment fund shares like bond and real estate funds.
How are life insurance reserves represented in French insurance data?: Life insurance reserves are recorded as liabilities on the French insurance corporations balance sheet, with specific breakdowns for unit-linked life insurance contracts and other technical reserves.
How far back does the French insurance balance sheet data go?: Aggregated quarterly balance sheet data for insurance corporations in France is available starting from 2016, with values expressed as outstanding amounts in millions of euros.