Montenegrin insurer Lovcen Osiguranje reported a net profit of EUR 1.44 million in the first nine months of 2022, up 134% y-o-y, SeeNews reported.

The company's premium income reached EUR 17.3 million from EUR 16.5 million, while operating costs went down 4.3% to EUR 10.1 million.

The insurer's gross operating profit went up 17% to EUR 7.5 million from January to September.

Lovcen Osiguranje is part of the Slovenia-based Triglav Group. The company is among the biggest insurers in SEE.