The insurer's shareholders approved the plan at a meeting held on June 24, Croatia Osiguranje said in a bourse filing.
The insurer's consolidated net profit came in at 2.6 million marka in 2023, significantly higher compared with 1.2 million marka booked a year earlier.
Zagreb-based insurer Croatia Osiguranje controls 97% of its Bosnian unit.
(1 euro = 1.956 marka)