Bosnian insurer Triglav Osiguranje, part of Slovenia's Triglav Group, announced that in 2021 its net profit rose 1.2% y-o-y to BAM 2.5 million (EUR 1.3 million), SeeNews reports.

The insurer's GWP in the period increased by 6.8% to BAM 40.6 million, while income from premiums rose to BAM to 5.9 million from about BAM 4 million in 2020, the company said.

The company's operating costs expanded by 18.2% y-o-y to BAM 19.4 million in 2021.

Triglav Group is an international corporation founded in Slovenia, which also operates in Croatia, Bosnia and Herzegovina, Serbia, Montenegro, and North Macedonia. Triglav Osiguranje is among the biggest insurers in SEE.

EUR 1 = BAM 1.95583