European Captives: Analytical review of Solvency II Reports, 2025 Year-end

SCOR's 2026 European Captives study provides a quantitative benchmark of the European captive insurance and reinsurance market, based on year-end 2025 Solvency II reporting. 

The study identifies 347 licensed European captives, of which 223 published a Solvency and Financial Condition Report including at least some regulatory quantitative reports. It analyzes captive and parent-company domiciles, premium and reserves by line of business, assets and investments, own funds, solvency ratios, and capitalization. 

Key findings include: 

• Luxembourg and Ireland remain the leading captive domiciles, representing 69% of identified European captives and 81% of the study sample. 
• The median captive writes around EUR 12 million of annual premium and holds EUR 37 million of own funds. 
• Property is the most frequent line of business, while 68% of captives operate as reinsurance captives.
• The median solvency ratio is 221%, meaning that the median captive holds more than twice the regulatory capital requirement. 

The report also provides benchmarks by industrial sector, enabling captive professionals to compare business mix, balance-sheet size, capital and solvency positions across peer groups. 

Download the full report to explore the 2026 findings.