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N. Macedonia's Euroins Osiguruvanje nearly triples 2018 net profit

Author Mario Tanev
N. Macedonia's Euroins Osiguruvanje nearly triples 2018 net profit Author: Ken Teegardin. License: Creative Commons, Attribution 2.0 Generic.

SKOPJE (North Macedonia), April 17 (SeeNews) - North Macedonian insurer Euroins Osiguruvanje said that its net profit soared to 34.3 million denars ($630,000/558,000 euro) in 2018 from 13.3 million denars in 2017.

Euroins Osiguruvanje's total operating revenue grew to 646.5 million denars last year from 540.9 million denars in 2017, the company said in a filing to the Macedonian Stock Exchange.

Net premiums earned by the company rose to 584.5 million denars in 2018 from 491.5 million denars the year before.

Total operating expenses increased to 606.1 million denars in 2018 from 524.8 million denars a year earlier.

Euroins Osiguruvanje is part of Bulgaria's Euroins Insurance Group (EIG).

(1 euro = 61.50 euro)

 

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