CROATIA osiguranje Group's GWP exceeded HRK 2 billion at the end of June

CROATIA osiguranje has kept its leading position in Croatia's insurance market with a total share of 31.9%, as the company's shareholder - the Rovinj based consortium ADRIS Grupa announced in a statement. "It is the market leader in both property and life insurance".

CROATIA osiguranje's total gross written premium of HRK 1.71 billion (about EUR 232 million) is seven percent higher y-o-y, despite "the planned optimization and portfolio reduction".

At the Group level, the gross written premium is HRK 2.00 billion (EUR 272 million) and by eight percent higher than in the same period of 2017. The Group's combined ratio excluding one-off effects, as one of the key indicators of business efficiency, is 91.4 and by almost seven percentage points improved compared to the first half of 2017.

At the same time, Croatia osiguranje Group's net profit in the first six months of 2018 was HRK 215 million (EUR 29 million).

Founded in 1884, CROATIA Osiguraje is the largest and oldest insurer in Croatia - with the government as majority stackeholder until 2014. Currently, CROATIA osiguranje is owned by the local consortium ADRIS Grupa - with businesses in tourism, real estate, tobacco and food industry. At the international level, CROATIA Osiguranje operates in Slovenia, Serbia and Macedonia.

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