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N. Macedonia's Triglav Osiguruvanje net profit rises 86% in 2021

N. Macedonia's Triglav Osiguruvanje net profit rises 86% in 2021 Author: Radomir Ralev

SKOPJE (N. Macedonia), January 31 (SeeNews) - North Macedonia's Triglav Osiguruvanje [MSE:VROS], part of Slovenian insurance group Triglav, said on Monday that its net profit soared to 28.4 million denars ($514,000/460,800 euro) in 2021, compared with 15.2 million denars net profit booked a year earlier.

Triglav Osiguruvanje's revenue totalled 1 billion denars in 2021, down about 2% year-on-year, the company said in a financial statement.

Net earned premiums fell 3.2% on the year to 885.5 million denars.

The company's total expenses were flattish at 1 billion denars in 2021, whereas net claims incurred rose 8.1% to 470.2 million denars.

(1 euro = 61.64 denars)

Triglav Osiguruvanje AD is among the biggest insurers in SEE, for more reference take a look at Top 100 insurers
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