EIOPA publishes factsheet on European (re)insurers’ exposures to private credit and private equity

The European Insurance and Occupational Pensions Authority (EIOPA) collects and publishes comprehensive statistics on insurance undertakings in the European Economic Area (EEA). The factsheet published today complements regular statistics by providing further insights into (re)insurers' exposures to private credit and private equity.

As allocations to private assets continue to attract increasing attention, the factsheet provides an overview of EEA (re)insurers' investments in this asset class, laying the foundation for further analysis and discussion.

The factsheet shows that the private asset exposures of EEA (re)insurers amounted to €1.185 trillion - or around 11% of total assets at the end of 2025. Private credit made up about 5.0% of total assets while private equity accounted for 6.3%. The visualisation on exposures offers a breakdown of these investments based on asset types and issuance countries.

A second graph provides insights into private credit and private equity investments by line of business. While life insurers tend to lean towards private credit, other lines of business, such as reinsurance, non-life insurance, and composites, show higher investments in private equity. In contrast, unit-linked business shows only contained exposure to private assets overall.

View the Factsheet

Visit EIOPA's insurance statistics