Equity assets of German insurers
Equity assets of German insurers stood at 542,054 EUR million in Q2 2026, according to Deutsche Bundesbank. It is one of the indicators in the Insurance corporation balance sheets table (Value · Quarterly), with a complete series running from Q3 2016 to Q2 2026. The complete series with an interactive chart, free to download.
This indicator in the Insurance corporation balance sheets table
| Indicator | Q2-2026 | Q1-2026 | Q4-2025 | Q3-2025 | Q2-2025 | Q1-2025 | Q4-2024 | Q3-2024 | Q2-2024 | Q1-2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets and liabilities | 2,629,193 | 2,569,866 | 2,524,200 | 2,527,777 | 2,508,487 | 2,509,895 | 2,498,219 | 2,490,073 | 2,438,959 | 2,477,570 | |
| Assets | |||||||||||
| Equity | 542,054 | 536,083 | 531,405 | 517,586 | 504,458 | 504,804 | 503,391 | 493,551 | 483,181 | 503,162 |
Understanding equity assets of German insurers
Corporate equity holdings and collective investment vehicle units owned by German insurance corporations are consolidated in this asset series. Included are listed corporate shares, unquoted business participations, private equity holdings, and units in investment funds ranging from equity and fixed-income funds to real estate and multi-asset collective funds. The measure excludes the insurer's own corporate share capital, which appears as equity on the liability side, as well as direct bond investments and physical real estate owned outright. Unlike sibling rows that capture direct debt or credit contracts, this series consolidates ownership claims and pooled fund structures.
Mark-to-market valuation dominates the behavior of this aggregate, linking its quarterly path to global stock exchange performance and periodic net asset value calculations of specialized institutional funds. Period-on-period volatility is common, making year-on-year analysis preferable for observing intentional portfolio restructuring rather than broad market valuation fluctuations. Reporting updates regularly affect recent quarters because private equity and alternative investment fund valuations report with an inherent reporting lag compared to public equity markets. When reviewing this metric, analysts should be careful not to equate it solely with stock market exposure, as collective funds holding fixed-income instruments or infrastructure are classified here under international statistical standards.
Frequently asked questions
- Why are fixed-income and bond funds included in this equity category?
- Statistical classification guidelines group all collective investment undertaking shares into the equity category, regardless of whether the underlying fund invests in bonds, equities, or other assets.
- Does this line item reflect the insurer's own capital stock?
- No, this series tracks external shares and fund units owned as investments, whereas the insurer's own share capital and retained earnings are reported under liability equity.
- How are unlisted equities and private fund stakes valued in this series?
- Listed equities reflect prevailing secondary market prices, while unquoted equities and private fund holdings are recorded using adjusted net asset values or periodic appraisal estimates.