The insurer's premium income rose 5.9% on the year to 10.7 billion dinars in the first half of 2017.
Pre-tax profit fell to 62.5 million dinars in January-June, down 92.8%, while operating income grew by 6.4% to 11.7 billion dinars, Dunav Osiguranje said in a bourse filing on Tuesday.
First-half premium income from life insurance came in at 725.6 million dinars, up 4.6% year-on-year, and non-life insurance premium income rose 6.4% to 13.2 billion dinars.
Operating costs grew by 16.7% to 7.7 billion dinars, Dunav Osiguranje's balance sheet for the first half of 2017 showed.
Following are details on Dunav Osiguranje 's performance (in millions of dinars unless otherwise stated):
H1'17 | H1'16 | |
Operating costs | 11.700 bln | 11.023 bln |
Non-life insurance premium income | 13.239 bln | 12.374 bln |
Life insurance premium income | 725.598 | 693.436 |
Pre-tax profit | 62.536 | 863.948 |
Net profit | 53.169 | 839.926 |
The Serbian state controlled 94.09% of the capital of Dunav Osiguranje at the end of June.
(1 euro = 119.043 dinars)