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Serbian insurer Dunav Osiguranje's profit declines 88% y/y in H1 - table

Aug 18, 2022, 12:54:38 PMArticle by Senad Dedeic
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August 18 (SeeNews) - Serbian insurer Dunav Osiguranje [BEL:DNOS] said its net profit in the first half of 2022 totalled 128.5 million dinars ($1.12 million/1.1 million euro), down 88% on the year.

Serbian insurer Dunav Osiguranje's profit declines 88% y/y in H1 - table
Dunav Osiguranje logo

The insurer's premium income rose 2.44% on the year to 13.455 billion dinars in the first half of 2022, Dunav Osiguranje said in a filing with the Belgrade Stock Exchange on Wednesday.

The premium income from life insurance came in at 1.876 billion dinars, up 13.3% year-on-year, and non-life insurance premium income grew 10.8% to 15.9 billion dinars.

Operating costs grew by 12.9% to 9.7 billion dinars, Dunav Osiguranje's balance sheet for the first half of 2022 showed.

Following are details on Dunav Osiguranje's performance (in billions of dinars):

H1'22 H1'21
Operating costs 9.732 8.616
Non-life insurance premium income 15.887 14.341
Life insurance premium income 1.876 1.655
Net profit 0.1285 1.095

Dunav Osiguranje shares closed at 1,322 dinars per share on the Belgrade stock exchange on Wednesday.

(1 euro = 117.396 dinars)

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