According to Croatia osiguranje, the company has planned a total of EUR 45.8 million or EUR 106.52 per share for distribution to shareholders this year. This is significantly less than last year, but the dividend yield is still relatively attractive this year (around 4.5%), osiguranje.hr writes.

As the company said, its performance in the first six months was marked by continued growth in key indicators, mostly at higher rates than the market. Total insurance contract income at the Group level exceeded EUR 285 million, up 13.4% y-o-y. Most of the income was generated in the non-life insurance segment (up 13.6% to almost EUR 278 million), while life insurance income increased by 8.4% to EUR 7.2 million.

At the same time, the Group's total insurance contract expenses recorded a somewhat slower growth than income; by 8.5% to EUR 246 million, with expenses in the non-life insurance segment increasing by less than 8%. The total net result from insurance contracts exceeded EUR 24 million, up by approximately a third compared to last year, and ultimately the Group's reported half-year net profit of EUR 42 million was higher by a quarter y-o-y.

According to the company’s Management Board, led by Davor Tomašković, in addition to strong profit growth, there were new digital breakthroughs and strengthening of the health segment. The premium generated from the overall digital business grew by 18%, the source said.