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Bosnia's insurer Triglav Osiguranje net profit grows 4.7% y/y in H1

Bosnia's insurer Triglav Osiguranje net profit grows 4.7% y/y in H1 Author: Radomir Ralev

SARAJEVO (Bosnia and Herzegovina), September 12 (SeeNews) - Bosnian insurer Triglav Osiguranje [SAJ:BHOSR], part of Slovenia's Triglav Group, said on Thursday its net profit rose 4.7% year-on-year in the first half of 2019, reaching 1.4 million marka ($808.9 million/733.7 million euro).

Gross written premiums increased 4.8% to 24.1 million marka, while operating costs decreased 11.3% to 6.3 million marka, the company said in a financial statement filed with the Sarajevo Stock Exchange (SASE).

The company's total assets amounted to 110.7 million marka at the end of June, compared to 101.4 million marka at end-2018.

Triglav Group is an international corporation founded in Slovenia. The company also operates in Croatia, Bosnia and Herzegovina, Serbia, Montenegro and North Macedonia. 

(1 euro = 1.95583 marka)

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