The merger was registered by the country's Central Registry, the insurer said in a bourse filing.
Makedonija Osiguruvanje's shares last traded on the Macedonian Stock exchange (MSE) on February 6, at an average price of 1,237 denars ($21.7/20.1 euro).
The Austrian group also has a third unit in North Macedonia - Winner Life.
(1 euro = 61.62 denars)