Bosnia and Herzegovina: ASA Osiguranje's net profit grew more than 27% y-o-y in 2021

5 April 2022 —
Net profit of the Bosnian insurer ASA Osiguranje increased 27.3% y-o-y in 2021 to BAM 3.2 million (EUR 1.6 million), SeeNews informed.

The company's GWP grew as well - by 21.1% to BAM 45.4 million in 2021, according to the insurer. Last year ASA Osiguranje's operating expenses increased to BAM 15.4 million, from BAM 13.5 million in 2020.

ASA Osiguranje d.d. Sarajevo is among the biggest insurers in SEE. The insurer started operations in October 2007. It is part of ASA Group, consisting of 20 companies working in consulting, marketing and financial services as well as imports and sale of motor vehicles and auto parts.

*EUR 1 = BAM 1.95583