CO Group realised more than half of planned GWP & profit during Jan-May

16 July 2018 — Andrei Victor
CROATIA Osiguranje announced on the Zagreb Stock Exchange website that during the first five months of the year, the value of CO Group GWP increased by 8% y-o-y.

"In the period I-V 2018, total gross written premium achieved by CO Group amounts to HRK 1,714 million (~EUR 232 million), which is 8% more than in the same period of the previous year, with net profit of HRK 195 million (EUR 26.5 million)".

The CO Group mentioned the year-end planned GWP is HRK 3,257 million (EUR 440 million), with combined ratio from regular business operations amounting to 95,5% for non-life insurance segment and net profit of HRK 304 million (EUR 42 million). Click here to read the announcement.

Note: We have considered the EUR/HRK middle exchange rate as at May 31st, 2018 according to Hrvatska Narodna Banka (The Croatian National Bank): 1 euro = 7.383103 HRK.
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