In the fourth quarter of 2012, the total financial assets of euro area insurance corporations and pension funds increased to €7,623 billion, from €7,523 billion in the previous quarter. Over the same period, the insurance technical reserves, which are the main liabilities of insurance corporations and pension funds, increased to €6,461 billion, from €6,388 billion, mainly due to positive transactions.
Regarding the breakdown of the assets of the aggregated balance sheet of euro area insurance corporations and pension funds, holdings of securities other than shares accounted for 40% of the sector's total financial assets at end-December 2012. The second largest
Regarding the breakdown of the assets of the aggregated balance sheet of euro area insurance corporations and pension funds, holdings of securities other than shares accounted for 40% of the sector's total financial assets at end-December 2012. The second largest
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