April 3 (SeeNews) - Serbian state-owned Dunav Osiguranje [BEL:DNOS] said its profit jumped 131.3% to 897.8 million dinars ($7.77 million/7.28 million euro) in 2016, with premium income rising 10.5% to 19.8 billion dinars.
Pre-tax profit more than tripled to 1.06 billion dinars, up 223.7%, while net operating income grew by 65.9% to 1.55 billion dinars, Dunav Osiguranje said in a statement on Friday.
Premium income from life insurance came in at 1.36 billion dinars, up 3.7%, and non-life insurance premium income rose 6.9% to 21.54 billion dinars, the company said.
Operating costs, in turn, grew by 15% to 12.4 billion dinars, and liabilities grew to 25.1 billion dinars at the end of 2016 from 22.1 billion dinars a year earlier.
Dunav Osiguranje expects life and non-life insurance premiums to rise by 12% and 5.02%, respectively. Market share, in turn, is seen to expand to 26%.
Following are details on Dunav Osiguranje 's performance (in millions of dinars):
|
2016 |
2015 |
Operating costs |
20,227.9 |
18,274.2 |
Non-life insurance premium income |
21,537.3 |
20,154.4 |
Life insurance premium income |
1,355.4 |
1,306.9 |
Pre-tax profit |
1,060.8 |
327.733 |
Profit |
897.766 |
388.139 |
(1 euro = 123.396 dinars)