May 8 (SeeNews) - Serbia's largest insurer Dunav Osiguranje [BEL:DNOS] said its net profit rose to 1.933 billion dinars ($18.3 million/17.1 million euro) in 2023, from 1.283 million dinars in 2022.
The insurer's premium income rose to 30.95 billion dinars last year from 27.89 billion dinars in 2022, Dunav Osiguranje said in a filing with the Belgrade Stock Exchange on Tuesday.
The premium income from life insurance came in at 4.2 billion dinars, up from 3.9 billion dinars, while non-life insurance premium income grew to 36 billion dinars from 31.3 billion dinars in the period under review.
Operating costs also rose - to 22.68 billion dinars in 2023 from 20.46 billion dinars a year earlier, the statement read.
Dunav Osiguranje is a blue-chip heavyweight on the Belgrade bourse. Its shares closed flat at 980 dinars on Tuesday and did not trade by 10:00 CET on Wednesday.
The Serbian government controls a direct stake of 76.7% in the insurer, while the remainder belongs to smaller shareholders, data from the country's central securities depository showed.
Last month, Dunav Osiguranje said it will pay a gross dividend of 51.64 dinars per share from its 2023 profit, distributing a total of 784.4 million dinars to its shareholders.
(1 euro = 117.152 dinars)
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