Table 11.3 Assets and Liabilities of Insurance Corporations, 2019 - 2024
(Millions of MVR)
Period Assets Liabilities
Foreign assets Deposits with central bank Deposits with ODC Securities other than shares Loans & advances Shares & other equity Other assets Non-financial assets Foreign liabilities Central govt. liabilities Insurance technical reserves Other liabilities Shares & other equity
Prepaid premiums and outstanding claims: Nonresidents 1/
(2+ (4 to 10)) (12 to 16)
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12) (13) (14) (15) (16)
2019
1,607.4
436.6
255.5
12.0
208.6
255.7
280.9
94.6
188.5
130.4
1,607.4
202.3
34.2
548.9
313.6
508.4
2020
1,880.6
524.8
332.9
12.0
223.5
311.2
336.1
102.3
221.7
148.9
1,880.6
224.2
29.3
654.9
374.1
598.1
2021
2,319.5
885.7
439.6
12.0
258.3
339.9
329.8
90.0
247.9
155.9
2,319.5
249.0
22.0
1,000.4
416.0
632.0
2022
2,784.0
1,130.8
307.0
12.0
296.2
387.7
366.7
163.4
257.1
170.1
2,784.0
325.1
22.9
1,228.4
457.2
750.3
2023
2,980.1
974.0
194.5
12.0
326.2
552.1
390.9
236.9
296.7
191.3
2,980.1
504.0
38.5
1,126.8
481.4
829.5
2024
3,695.7
1,132.7
295.9
14.0
432.5
547.4
625.0
298.2
449.5
196.6
3,695.7
575.3
79.7
1,621.2
518.7
900.8
2023 Jan-23
2,780.6
1,087.2
345.7
12.0
297.1
397.5
348.5
167.5
296.9
173.9
2,780.6
355.0
19.7
1,301.8
363.8
740.3
Feb-23
2,747.2
1,049.0
300.1
12.0
295.9
371.0
362.9
151.3
329.1
176.0
2,747.2
398.1
19.3
1,243.0
363.6
723.2
Mar-23
2,780.6
1,049.1
281.7
12.0
290.6
365.7
362.2
169.9
353.2
177.9
2,780.6
399.9
21.0
1,231.6
375.3
752.9
Apr-23
2,723.1
985.2
273.9
12.0
310.9
366.7
363.3
186.2
322.9
175.9
2,723.1
335.8
30.2
1,227.2
356.6
773.3
May-23
2,746.3
974.9
261.5
12.0
347.7
402.3
353.1
199.0
281.1
176.3
2,746.3
319.6
32.1
1,242.2
361.3
791.2
Jun-23
2,670.9
890.3
266.9
12.0
335.3
394.2
377.8
195.7
288.9
176.7
2,670.9
304.6
28.2
1,202.0
364.1
772.0
Jul-23
2,709.6
902.2
274.7
12.0
356.0
381.6
367.8
180.0
332.8
177.2
2,709.6
341.8
25.0
1,223.1
356.0
763.7
Aug-23
2,805.0
865.5
216.2
12.0
383.9
416.3
346.3
239.9
363.1
178.0
2,805.0
377.3
51.5
1,200.7
362.5
812.9
Sep-23
3,026.4
1,017.1
225.3
12.0
412.8
447.3
361.7
242.3
340.0
193.3
3,026.4
555.7
43.3
1,203.8
411.2
812.4
Oct-23
3,003.2
1,038.1
206.5
12.0
331.5
489.1
381.0
223.6
334.2
193.7
3,003.2
519.1
59.5
1,176.2
439.5
809.0
Nov-23
2,955.2
1,030.9
206.6
12.0
368.4
509.1
313.5
229.4
297.6
194.5
2,955.2
518.0
48.5
1,159.3
414.7
814.8
Dec-23
2,980.1
974.0
194.5
12.0
326.2
552.1
390.9
236.9
296.7
191.3
2,980.1
504.0
38.5
1,126.8
481.4
829.5
2024 Jan-24
3,186.0
1,095.4
289.7
12.0
385.9
574.7
341.1
261.0
322.6
193.3
3,186.0
656.9
39.2
1,197.7
420.9
871.2
Feb-24
3,270.4
1,000.0
308.7
12.0
441.3
586.2
409.0
318.1
305.5
198.3
3,270.4
537.4
46.6
1,285.8
432.2
968.4
Mar-24
3,343.1
1,009.3
298.5
12.0
423.4
607.9
409.2
288.7
390.7
201.9
3,343.1
499.7
49.2
1,426.4
432.0
935.8
Apr-24
3,391.5
1,052.4
340.7
12.0
436.6
603.9
417.6
284.4
383.0
201.6
3,391.5
529.2
58.7
1,470.9
382.8
950.0
May-24
3,510.6
1,120.8
380.3
12.0
440.8
616.2
433.3
289.8
393.1
204.6
3,510.6
535.8
62.7
1,520.9
399.3
991.8
Jun-24
3,525.8
1,086.7
365.1
14.0
486.2
540.6
494.5
287.5
411.0
205.4
3,525.8
599.0
65.6
1,563.9
448.0
849.3
Jul-24
3,571.4
1,103.2
364.7
14.0
505.4
538.9
482.8
289.5
428.7
208.9
3,571.4
584.7
68.4
1,622.0
430.2
866.1
Aug-24
3,512.7
1,067.6
306.3
14.0
500.4
528.3
470.2
294.9
428.3
209.0
3,512.7
607.1
70.7
1,544.6
414.5
875.7
Sep-24
3,469.8
1,056.8
282.8
14.0
479.6
531.6
487.6
307.2
389.1
203.9
3,469.8
594.3
71.1
1,456.3
429.5
918.6
Oct-24
3,653.2
1,247.9
282.9
14.0
416.4
552.7
494.7
293.9
428.7
204.9
3,653.2
566.3
69.4
1,662.2
444.0
911.2
Nov-24
3,666.8
1,269.7
311.8
14.0
419.8
565.2
538.8
293.6
370.1
195.7
3,666.8
575.6
71.9
1,678.8
446.2
894.3
Dec-24
3,695.7
1,132.7
295.9
14.0
432.5
547.4
625.0
298.2
449.5
196.6
3,695.7
575.3
79.7
1,621.2
518.7
900.8
Source: Maldives Monetary Authority
1/This includes reinsurance.