Thus, insurance companies recorded a total net profit of RON 892 million (~ EUR 178 million), an increase of 82% compared to 1H 2023. As emphasized by the ASF - Financial Supervisory Authority, an analysis of the return on equity (ROE) of insurance companies shows an improvement in the profitability of insurers, with 17 of the 25 companies recording a higher ROE compared to the first half of 2023. Regarding the return on assets (ROA), 18 companies recorded a higher indicator compared to the same period last year. The cumulative net profit at the market level was RON 915 million, while the cumulative net loss at the market level was RON 23 million.
In the first half of 2024, out of the 25 insurance companies authorized and supervised by the ASF, six companies recorded a loss, compared to 10 insurers in the first half of 2023. The improvement in profitability at the insurance market level is also reflected in the analysis from the perspective of return on equity (ROE) and return on assets (ROA) for insurance companies. Thus, out of the 25 companies active during the first six months of 2024, 17 recorded a higher return on equity, and 18 recorded a higher return on assets compared to the first half of 2023."
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