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Serbian insurer Dunav Osiguranje's profit declines in H1 - table

Author Radomir Ralev
Serbian insurer Dunav Osiguranje's profit declines in H1 - table Dunav Osiguranje logo

BELGRADE (Serbia), August 27 (SeeNews) - Serbian state-owned insurer Dunav Osiguranje [BEL:DNOS] said on Friday its net profit went down 8.5% on the year to 1.3 billion dinars ($10 million/8.5 million euro) in the first half of 2021.

The insurer's premium income rose 4.4% on the year to 13.8 billion dinars in the first half, Dunav Osiguranje said in a filing with the Belgrade Stock Exchange.

The premium income from life insurance came in at 1.65 million dinars, up 23.1% year-on-year, and non-life insurance premium income grew 4.2% to 15.1 billion dinars.

Operating costs grew by 13.3% to 10 billion dinars, Dunav Osiguranje's balance sheet for the first half of 2021 showed.

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

H1'21 H1'20
Operating costs 9.998 8.824
Non-life insurance premium income 15.107 14.495
Life insurance premium income 1.655 1.342
Net profit 1.270 1.388

(1 euro = 117.603 dinars)

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