October 26 (SeeNews) - Montenegrin insurer Lovcen Osiguranje [MNG:LOVH] reported on Thursday a net profit of 3.3 million euro ($3.5 million) in the first nine months of 2023, up 73% year-on-year.
Premium income rose to 22.7 million euro in the reporting period, from 20.9 million euro in the first nine months of 2022, Lovcen Osiguranje said in a filing with the Montenegro Stock Exchange.
Gross operating profit rose by an annual 18.1% in the January-September period, reaching 9.8 million euro.
Lovcen Osiguranje is part of the Slovenia-based Triglav Group.
$ = 0.9454 euro
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