Allianz Hrvatska boosts gross profit 87% in 2021

ZAGREB (Croatia), March 23 (SeeNews) – The Croatian unit of German insurer Allianz, Allianz Hrvatska, said on Wednesday its gross profit reached 125 million kuna ($16.5 million/18.1 million euro) last year, an increase of 58 million kuna compared to 2020.

The company’s gross premium income rose 7.3% to 1.230 billion kuna in 2021, Allianz Hrvatska said in a press release.

In non-life insurance, gross premium income increased by 3.5% to 792.8 million kuna, while in life insurance it rose by 15.1% to 437.4 million kuna.

The company’s market share remained stable at 10.5% last year. In life insurance it rose by 0.7 percentage points to 15.1%, while in non-life insurance it declined by 0.8 percentage points to 9.0%.

According to its website, Allianz Hrvatska is the second largest insurer in the Adriatic country of 3.89 million people.

(1 euro = 7.574 Croatian kuna)

Allianz Zagreb dd is among the biggest insurers in SEE, for more reference take a look at Top 100 insurers