+55 pts
Capital buffers grew in Slovenia and Croatia and narrowed in Latvia and Slovakia
The median SCR ratio of Slovenian insurers rose from 206% in 2021 to 261% in 2025, and of Croatian insurers from 185% to 231%. In Latvia it fell from 162% to 135%, in Slovakia from 191% to 166%.
Across the eleven Solvency II markets, the typical insurer held well above the capital the rules require in every year from 2021 to 2025: national medians ranged between 135% and 268% of the solvency capital requirement. Poland (210% in 2025), Hungary (201%) and Bulgaria (175%) ended close to where they started.
Slovenia's median rose by 55 points, most of it in 2023 and 2024; Croatia's by 45 points, more than half of it in 2025 (from 204% to 231%). Lithuania's rose from 171% to 189%.
Latvia's median fell from 162% to 135%, Slovakia's from 191% to 166% and Romania's from 175% to 164%. All remain above the 100% minimum, with less room than before. The median covers the insurers that publish an SFCR in each year, so the group changes from year to year; branches of foreign insurers publish none. In Latvia, Sincera Insurance reports for the first time in 2025; the six insurers with reports in both years went from 162% to 147%.
The numbers behind it
More insights
The median Montenegrin insurer holds 392% of its required solvency margin, the most in the region
392%All nine Montenegrin insurers published a solvency margin for 2025, and every one holds at least twice the requirement; the median is 392%, the highest of the 18 markets. Montenegro is outside Solvency II: the margin is a simpler measure than the SCR ratio, so the figure says the buffer is wide, not that it is comparable.
Solvency ratios will rise from 2027 without insurers becoming stronger
+3.1 ptsThe Solvency II review, which applies from 30 January 2027, cuts the risk margin in insurers' technical provisions: the lower cost-of-capital rate alone takes about 21% off it. Own funds rise with it, and so do SCR ratios in the eleven Solvency II markets Polisa covers, before any change in the business. On the insurers' 2025 balance sheets, that cut alone would lift the median insurer's ratio by 3.1 points, before tax.
Latvian and Romanian insurers hold the thinnest capital buffers
135%Median SCR ratio of Latvia's insurers in 2025, the lowest of the eleven Solvency II markets; Slovenia (261%) and Croatia (231%) hold the most. Every insurer with a 2025 Solvency II report is above the 100% minimum.
Pages behind it
When the figures change
Every data update is listed with its date, newest first: new figures, corrections and what they changed.
What changedCiteCite this pageThe reference in APA style and as BibTeX, each with a copy button, and the terms of reuse
Polisa compiles the figures; the original sources are named on this page and on the method page.
Polisa. (2026). Capital buffers grew in Slovenia and Croatia and narrowed in Latvia and Slovakia [Data version 2026-11-11.13378f]. Retrieved November 11, 2026, from https://polisapro.com/insights/capital-buffers-five-years
BibTeXShow entry
@misc{polisa_insights_capital_buffers_five_years_2026,
author = {{Polisa}},
title = {Capital buffers grew in Slovenia and Croatia and narrowed in Latvia and Slovakia},
year = {2026},
version = {2026-11-11.13378f},
howpublished = {\url{https://polisapro.com/insights/capital-buffers-five-years}},
note = {Accessed 11 November 2026}
}Reuse: Polisa's compilation CC BY 4.0 · source data under each publisher's terms, see Method.