March 3 (SeeNews) - Croatia Osiguranje [ZSE:CROS], the largest insurer in the Adriatic country, said its consolidated net profit fell 3.4% year-on-year to 327.9 million kuna ($52.3 million/43.3 million euro) in 2020.
Consolidated gross written premiums declined 2% on the year to 3.2 billion kuna in 2020, Croatia Osiguranje said in a filing with the Zagreb bourse last week.
Life insurance premiums decreased 14.7% year-on-year to 551.1 million kuna in 2020, while non-life insurance premiums edged up 1.1% to 2.7 billion kuna.
Revenue from investment fell by 6.9% to 487.7 million kuna in 2020.
The insurer is controlled by local diversified group Adris Grupa.
It remained the leader on Croatia's insurance market at the end of January, according to latest available data from the Croatian Insurance Bureau.
Croatia Osiguranje's shares last traded on the Zagreb bourse on February 23, closing 1.6% lower at 6,350 kuna.
(1 euro = 7.57925 kuna)
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