July 25 (SeeNews) - The combined total premium income of Serbian insurance companies rose 16.6% last year to of 80.9 billion dinars ($720 million/656 million euro), central bank data showed.
Non-life insurance made up 76.1% of the total premium income, down from 76.9% in 2014, while life insurance accounted for 23.9%, up from 23.1% in 2014, the data, published by the National Bank of Serbia (NBS) last week, indicated. The premium income of the non-life insurance segment rose 15.3% last year, while that of the life insurance segment climbed 21%.
The total assets of Serbian insurers grew 14.2% last year to 191.8 bln dinars. Their capital expanded by 27.3% to 44.8 billion dinars.
The country's 24 insurance companies reported a combined profit of 2.8 billion dinars for 2015, the NBS said without providing comparative numbers for 2014. The return on assets (ROA) for the non-life insurance sector improved to 1.4% last year from -0.6% in 2014, while ROA for the life insurance sector decreased to 1.2% from 2.1%.
State-owned Dunav Osiguranje [BEL:DNOS] remained the country's top insurer by premium income, with a 25.3% share, followed by Generali with a 21.7% share, and DDOR with 13.7%.
($=0.9079 euro)