CROATIA: Net profit of HOK osiguranje in 2024 rises by almost 59%

22 April 2025 — Marina MAGNAVAL
HOK osiguranje d.d., that has been present on the insurance market in Croatia since 2001, achieved a net profit of EUR 3.52 million at the end of 2024, which is 58.76% more y-o-y, according to the financial report on the company's website, osiguranje.hr writes.

Total premiums collected by the company in 2024 amounted to EUR 52.55 million, which means an increase of 14.88%.

In terms of collected premium, HOK osiguranje ranks 10th on the insurance market, while the year before it ranked 11th, according to the published annual report. The market share increased from 2.61% to 2.73%. In the non-life insurance segment, which forms the basis of HOK osiguranje's business, the company’s market share increased from 3.20% to 3.31%, which allowed HOK osiguranje to maintain its 9th place among non-life insurers.

The largest share in the company’s portfolio by gross premium written in 2024 is motor liability insurance – 44.83% (2023: 43.89%), followed by other types of motor insurance – 27.44% (2023: 26.56%), fire and other property insurance – 16.16% (2023: 15.29%), and others.



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