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Kosovo insurers' net profit falls at end-June

Kosovo insurers' net profit falls at end-June wrangler/Shutterstock.com

PRISTINA (Kosovo), August 7 (SeeNews) – Kosovo's insurance companies posted a net profit of 800,000 euro ($925,242) at the end of June, down from 2.1 million euro a year earlier, central bank figures show.

Kosovo insurers' gross written premiums increased to 44.2 million euro in June from 42.1 million euro a year earlier, according to data published by the central bank on Monday.

Gross written premiums from the non-life insurance totalled 42.7 million, up from 40.8 million euro, while life insurance premiums increased to 1.5 million euro from 1.3 million euro.

Total gross claims paid slightly decreased to 22.3 million euro from 22.6 million euro at the end of June 2017.

The assets held by Kosovo insurance companies increased to 174.7 million euro as at end of June, from 169.9 million euro a year earlier.

The figures comprise data for 15 insurance companies operating in Kosovo.

($ = 0.86423 euro)

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