Bosnian insurer ASA Osiguranje's net profit up 14% y/y in H1

The insurer's gross written premiums increased by 20.3% on the year to 22.6 million marka in the first six months of 2021, ASA Osiguranje said in a filing to the Sarajevo Stock Exchange (SASE) last week.

In the first half of this year, ASA Osiguranje's operating expenses increased to 6.8 million marka, from 6.2 million marka in the corresponding period of 2020.

The insurer started operations in October 2007. It is part of ASA Group, which comprises some 20 companies active in consulting, marketing and financial services as well as imports and sale of motor vehicles and auto parts.

(1 euro = 1.95583 marka)