MONTENEGRO: Net profit of Lovcen Osiguranje rises 73% in 9M2023

30 October 2023 — Marina MAGNAVAL
Montenegrin insurer Lovcen Osiguranje, which is among the biggest insurers in SEE and is part of the Slovenia-based Triglav Group, reported a net profit of EUR 3.3 million in the first nine months of 2023, up 73% y-o-y, SeeNews reports.

Premium income reached EUR 22.7 million in the reporting period, from EUR 20.9 million in 9M2022, the insurer said. Gross operating profit rose by 18.1% in the January-September period, reaching EUR 9.8 million.