To provide a water-in-oil type emulsion cosmetic which is free from stickiness or oiliness, has a lucent or transparent and refreshing appearance and can exhibit a moisturizing effect. A water-in-oil type emulsion cosmetic comprising (a) a solid moisturizing agent, (b) a polyether-denatured silicone, and (c) a silicone oil having a refractive index at 25 DEG C of 1.380-1.420, wherein the content of the moisturizing agent is 22 mass% or more relative to the total cosmetic.本發明提供一種無黏膩或油膩之觸感，外觀亦為水潤之半透明～透明，且亦可獲得保濕感之油中水型乳化化妝料。 本發明之油中水型乳化化妝料含有： (a)固體保濕劑、 (b)聚醚改性聚矽氧、及 (c)25℃下之折射率為1.380～1.420之聚矽氧油，且 將保濕劑相對於化妝料總量之含量設為22質量%以上。
