MOLDOVA: in 1H total profit of the insurance sector grows by more than 44%

31 August 2023 — Marina MAGNAVAL

The National Bureau of Statistics of Moldova reported that from January to June 2023, total income and expenses of insurers increased by 27.4% and 25.9% y-o-y, respectively.

The total income amounted to MDL 2.26 billion (~EUR 0.11 billion), while the total amount of expenses reached MDL 2.03 billion (~EUR 0.10 billion).

Profit before tax increased by 44.5% from the level of 1H2022, amounting to MDL 232.9 billion.

*EUR 1 = MDL 19.89 (as of June 30th)