Lithuania
Growth
Amounts are always in euros: this changes how growth is measured, nothing else.
How growth is measured →Latest news3 Nov 2026: ERGO completes legal merger with Gjensidige across the Baltics on 1 November All news (13) →
Coverage All insurers and EU branches reporting to the Bank of Lithuania, business in Lithuania. Insurers selling into Lithuania across the border are not covered.
Market share by insurer
Latest quarter: H1 2026
Premium written H1 2026, year to date: €893m, +3.7% against H1 2025 in local currency. Share change in percentage points against the same period a year earlier.
Largest insurers, H1 2026
Premium year to date and growth; the bar is the share, its change in points under it.
Gains and losses in share
Change in share against H1 2025, in percentage points; an insurer with no premium now has lost its whole share.
- Gjensidige · 3 Nov 2026: ERGO completes legal merger with Gjensidige across the Baltics on 1 November
- Allianz Lietuva gyvybės draudimas · 27 Aug 2026: H1 2026: premiums up 3.7% to EUR 893m; life +19%, non-life -0.7%
- ERGO Insurance (branch) · 12 Dec 2025: Competition Council clears ERGO's Gjensidige deal if carrier liability book goes to If
All figures
| Insurer | H1 2026 €m | Share | Δ pp | H1 2025 €m | Growth |
|---|---|---|---|---|---|
| Lietuvos draudimas | 194.9 | 21.8% | −0.9 | 195.8 | −0.5% |
| BTA Insurance Company (branch) | 110.3 | 12.4% | +0.5 | 101.9 | +8.3% |
| ERGO Insurance (branch) | 96.5 | 10.8% | +1.4 | 81.2 | +18.9% |
| Compensa VIG | 77.8 | 8.7% | −0.3 | 77.6 | +0.2% |
| Compensa Life VIG (branch) | 66.9 | 7.5% | −0.5 | 69.0 | −3.0% |
| Allianz Lietuva gyvybės draudimas | 51.8 | 5.8% | +1.6 | 36.0 | +43.6% |
| If P&C Insurance AS (branch) | 43.9 | 4.9% | −0.4 | 45.9 | −4.4% |
| Swedbank Life (branch) | 43.3 | 4.9% | +0.2 | 40.0 | +8.4% |
| Swedbank P&C (branch) | 39.5 | 4.4% | +0.4 | 35.0 | +12.9% |
| SEB Life and Pension Baltic (branch) | 38.8 | 4.3% | +1.0 | 29.2 | +32.9% |
| Gjensidige | 32.0 | 3.6% | −1.9 | 47.4 | −32.5% |
| Vereinigte Hagelversicherung (branch) | 22.4 | 2.5% | −0.1 | 22.5 | −0.4% |
| Balcia Insurance (branch) | 19.0 | 2.1% | −1.2 | 28.5 | −33.4% |
| ERGO Life Insurance | 17.9 | 2.0% | −0.1 | 18.0 | −0.3% |
| Artea Life Insurance | 17.4 | 1.9% | +0.2 | 15.2 | +14.2% |
| PZU Lietuva gyvybės draudimas | 16.0 | 1.8% | +0.2 | 13.7 | +16.4% |
| Coface (branch) | 3.3 | 0.4% | −0.0 | 3.4 | −3.0% |
| Lamantinas | 0.8 | 0.1% | −0.0 | 0.8 | −3.0% |
| Baltijas Apdrošināšanas Nams (branch) | 0.7 | 0.1% | new | — | — |
| Market | 893.1 | 100% | 861.1 | +3.7% |
Each insurer's figures: All insurers, growth and latest quarter → · Full-year outlook →
What's happening in Lithuania
The latest news on the market's insurers and their supervisor, newest first: facts in Polisa's own words, each with its source.
- DealERGO completes legal merger with Gjensidige across the Baltics on 1 November
ADB Gjensidige was absorbed into ERGO Insurance SE on 1 November after approval by the Bank of Lithuania and Estonia's supervisor. Its business continues within ERGO; existing policies stay valid on unchanged terms.
ERGO Insurance (branch)GjensidigeSource: ERGO (press release) - ResultsLietuvos draudimas H1 profit falls 26% to EUR 23m as claims paid rise 17%
Lietuvos draudimas earned EUR 23m net in H1 2026. Premiums in Lithuania and Estonia fell 1% to EUR 235m, claims paid rose 17% to EUR 137m, and it paid about EUR 15m of the new security contribution.
Lietuvos draudimasSource: BNS via tv3.lt - PricesHome insurance costs more in 2026; insurers point to the 10% security contribution
Insurers say home cover got dearer this year but gave no overall figure. They cite the 10% security contribution on property contracts, newly added drone and war cover, and growing losses from natural events.
Source: TV3 - ResultsH1 2026: premiums up 3.7% to EUR 893m; life +19%, non-life -0.7%
Life premiums rose 19.4% to EUR 227m on unit-linked sales, non-life slipped to EUR 666m and MTPL fell 1.7% to EUR 183m. Claims paid rose 15.7% to EUR 410m. Allianz led life (22.8%), Lietuvos draudimas non-life (29.3%).
Allianz Lietuva gyvybės draudimasLietuvos draudimasSource: XPRIMM (Bank of Lithuania data)
9 earlier
- CatastropheWeekend storm: over 3,000 claims and more than EUR 3m of losses, insurers say
The Lithuanian Insurers Association said insurers had received more than 3,000 damage reports after the weekend storm, with losses already above EUR 3m and both figures still rising.
Source: ELTA via tv3.lt - CatastropheHail, storms and rain damage at least 50,000 ha of crops this summer
Crops were damaged in 46 municipalities and hail hit 20, said the head of VH Lietuva. July storms and rain caused farm losses of EUR 6m; the full damage will be known in autumn.
Vereinigte Hagelversicherung (branch)Source: XPRIMM - DealEstonia's supervisor approved the cross-border merger of ADB Gjensidige into ERGO Insurance SE.GjensidigeSource: ERGO Estonia (1 Jul 2026)
- SupervisorBank of Lithuania seeks limits on agent pay for unit-linked life sales
The central bank proposed curbing agents' volume-linked pay for investment life policies and making suitability advice mandatory, saying commissions reach 11% of premium. Life insurers asked lawmakers to wait.
Source: ELTA via tv3.lt - Results2025: insurers' profit up 9.8% to EUR 101m on premiums of EUR 1.73bn
Bank of Lithuania annual figures: premiums rose 9.2% and claims 4.7% to EUR 927m. Non-life insurers' profit grew 23.2% to EUR 72.6m, life insurers' fell 13.9% to EUR 28.5m. 19 insurers were active at end-2025.
Source: Baltic News (Bank of Lithuania data) - ResultsFY2025: premiums up 9.1% to EUR 1.72bn; Compensa Life overtakes Swedbank Life
Non-life premiums grew 10.1% to EUR 1.33bn and life 5.7% to EUR 391m. Compensa Life VIG became the largest life insurer (21.9%) ahead of Swedbank Life (20.8%); Lietuvos draudimas held 30.3% of non-life.
Compensa Life VIG (branch)Swedbank Life (branch)Lietuvos draudimasSource: XPRIMM (Bank of Lithuania data) - DealERGO completed the purchase of ADB Gjensidige and its Latvian and Estonian branches, becoming the third-largest insurer in the Baltics.GjensidigeSource: ERGO media information (2 Jan 2026)
- Law10% security contribution on most non-life premiums takes effect
Insurers pay 10% of premiums on most non-life contracts for Lithuanian risks signed, renewed or repriced from 1 January 2026, for the State Defence Fund. Motor TPL of individuals and crop and livestock cover are exempt.
Source: Lockton - DealCompetition Council clears ERGO's Gjensidige deal if carrier liability book goes to If
The Competition Council cleared Munich Re's indirect takeover of Gjensidige through ERGO, on condition that Gjensidige sells its carriers' liability portfolio; it approved If P&C Insurance as the buyer.
GjensidigeERGO Insurance (branch)If P&C Insurance AS (branch)Source: BNS via tv3.lt
Five-year trend
Premium
Market share of the five largest
Lines in Lithuania
All figures
Motor TPL, FY 2025: average premium €190 per policy, 6.1 claims per 100 policies, average claim €1,952. Prices in every market on the Motor TPL page →
Claims paid in Lithuania
Insurers paid €927m to their customers in FY 2025, +4.7% on FY 2024 in euros: €54 for every €100 of premium. Non-life claims were €711m; life insurance benefits €216m.
Premium and claims paid, FY 2021–2025
PremiumClaims paid% claims paid per €100 of premium
Claims paid by line, FY 2025
Claims and benefits paid in the year by the insurers and EU branches in Lithuania, before reinsurance; life includes maturities, surrenders and annuities. Source: Bank of Lithuania, insurance activity results. Cash paid in the year, not the claims incurred that the combined ratios on this page are built from. Claims across all markets →
Reinsurance in Lithuania
Share of non-life premium ceded, by line
Largest cedents
All figures
Capital cover across the market
Groups present
Each group's share of this market, its companies here, and where else it operates.
Profit and capital
Net profit by year
All figures
Each insurer's profit, return on equity and ratios: All insurers, solvency and profit →
Questions about Lithuania
Short answers from the figures on this page.
How big is the Lithuania insurance market?
Insurers in Lithuania wrote €1.73bn of premium in FY 2025, +9.2% on FY 2024. That is 2.0% of GDP and €599 per person.
Who is the largest insurer in Lithuania?
Lietuvos draudimas is the largest insurer in Lithuania with 23.4% of premium (€405m) in FY 2025, ahead of BTA Insurance Company (branch) (12.8%) and ERGO Insurance (branch) (9.1%); the three largest write 45% of the market.
How many insurance companies are there in Lithuania?
18 insurers wrote premium in Lithuania in FY 2025: 11 non-life, 5 life and 2 composite.
Which insurance groups are present in Lithuania?
Polisa records 11 insurance groups in Lithuania in FY 2025; the largest by premium are VIG 29.5%, PZU 25.1%, ERGO 11.2%, Swedbank 8.8%. Insurers with no group (independent or not in a group) write 3.5% of the premium.
What is the largest line of business in Lithuania?
Life insurance is the largest line in Lithuania with 22.6% of premium (€391m) in FY 2025, then motor TPL with 22.1%.
How well capitalised are the insurers in Lithuania?
The median SCR ratio of the insurers in Lithuania was 189% at 31 December 2025: the typical insurer held 1.9 times the capital Solvency II requires. 8 of the 18 insurers publish it.
RegulationRule changes4 rule changes that reach insurers in Lithuania, with their dates
- Solvency II review · Applies from 30 January 2027
- AI Act: pricing rules for life and health delayed · High-risk rules from 2 December 2027
- Recovery and resolution of insurers · Applies from 30 January 2027
- DORA: digital operational resilience · In application since 17 January 2025
Spotted a wrong figure? Tell us and include the source.
All insurers
ExcelDownload CSVLicence| Insurer | Premium | Share |
|---|---|---|
| Lietuvos draudimas | 405.3 | 23.4% |
| BTA Insurance Company (branch) | 221.8 | 12.8% |
| ERGO Insurance (branch) | 157.8 | 9.1% |
| Compensa VIG | 152.6 | 8.8% |
| Compensa Life VIG (branch) | 135.6 | 7.8% |
| Gjensidige | 91.8 | 5.3% |
| If P&C Insurance AS (branch) | 87.4 | 5.1% |
| Swedbank Life (branch) | 81.4 | 4.7% |
| Allianz Lietuva gyvybės draudimas | 77.2 | 4.5% |
| Swedbank P&C (branch) | 71.6 | 4.1% |
| SEB Life and Pension Baltic (branch) | 60.7 | 3.5% |
| Balcia Insurance (branch) | 59.2 | 3.4% |
| ERGO Life Insurance | 35.4 | 2.0% |
| Artea Life Insurance | 31.8 | 1.8% |
| PZU Lietuva gyvybės draudimas | 28.5 | 1.6% |
| Vereinigte Hagelversicherung (branch) | 23.7 | 1.4% |
| Coface (branch) | 6.7 | 0.4% |
| Lamantinas | 1.6 | 0.1% |
CiteCite 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). Lithuania insurance market: market shares, lines, solvency and claims [Data version 2026-11-11.13378f]. Retrieved November 11, 2026, from https://polisapro.com/markets/lt
BibTeXShow entry
@misc{polisa_markets_lt_2026,
author = {{Polisa}},
title = {Lithuania insurance market: market shares, lines, solvency and claims},
year = {2026},
version = {2026-11-11.13378f},
howpublished = {\url{https://polisapro.com/markets/lt}},
note = {Accessed 11 November 2026}
}Reuse: Polisa's compilation CC BY 4.0 · source data: Bank of Lithuania (free with credit), insurers' SFCRs (public disclosures, linked).