Bosnia's Federation-based insurer Grawe Osiguranje Sarajevo, a member of Austrian insurance group Grawe, in 2024 increased its net profit by 74% to BAM 6.1 million (EUR 3.1 million), SeeNews wrote.

The company’s GWP reached BAM 60.8 million in 2024, which is 3.5% more y-o-y, as Grawe Osiguranje said in its statement.

The company's income from fees and commissions increased 20% to BAM 994,520 in 2024, while operating costs went up by 3.2% to BAM 20.4 million.

It is noted that Grawe has a unit in each of Bosnia's two constituent entities - the Federation and the Serb Republic. Grawe Osiguranje Sarajevo is based in the Federation, while Grawe Osiguranje Banja Luka is based in the Serb Republic.

*EUR 1 = BAM 1.956