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Bosnian insurer Grawe Osiguranje Sarajevo grows H1 net profit

Bosnian insurer Grawe Osiguranje Sarajevo grows H1 net profit Photo:

SARAJEVO (Bosnia and Herzegovina), August 6 (SeeNews) – Bosnia's Grawe Osiguranje Sarajevo, a member of Austrian insurance group Grawe, said its net profit rose to 3.3 million marka ($2 million/1.7 million euro) in the first half of 2021 from 2.8 million marka in the same period of last year.

Total gross written premiums increased 2.9% to 27.8 million marka in the six-month period ended June 30, Grawe Osiguranje said in a filing with the Sarajevo Stock Exchange earlier this week.

The company's income from fees and commissions rose to 667,176 marka, up 65.4% on the year, while operating costs increased by 2.9% to 9.7 million marka.

Grawe runs a unit in each of Bosnia two constituent entities, the Federation and the Serb Republic.

Grawe Osiguranje Sarajevo is based in the Federation, while GRAWE Osiguranje Banja Luka is based in the Serb Republic.

(1 euro = 1.95583 marka)

Grawe osiguranje d.d. Sarajevo is among the biggest insurers in SEE, for more reference take a look at Top 100 insurers
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