In the analyzed period, CROATIA Osiguranje realized revenues amounting to HRK 2.56 billion - EUR 344 million (0.8% less), while the total expenditures of the Group amounted to HRK 2.41 billion (EUR 324 million), or 2.3% less compared to 3Q 2011.
"The still existing global financial crisis reflects itself on the insurance market as well which affects two leading markets in the region the most, i.e., Slovenian and Croatian. According to the projections for the rest of the business year, no significant changes on the insurance market are expected", company's officials say.
At the same time, the gross paid claims totaled HRK 1.31 billion (EUR 176 million), a 1.3% increase as compared to January-September 2011. Non-life gross paid claims rose 3.3%, while life business recorded a negative rate of 8.6%.
As at 30th September, 2012 the total assets of CROATIA Osiguranje amounted to HRK 9.35 billion - EUR 1.3 billion, which is an increase of 3.3% compared to December 31, 2011.
Used exchange rate (Croatian National Bank): 1 EUR=7.449746 Kuna - HRK as at September 30th, 2012