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Croatian insurer's premiums up over 12%

Posted On: Feb. 6, 2023 9:23 AM CST

Financial results

Croatian non-life insurer Adriatic Osiguranje dd's gross written premiums increased over 12% year-on-year to 1.37 billion Croatian kuna ($194 million) in 2022, SeeNews reported. Consolidated gross profit nearly halved to HRK41.6 million in 2022 from HRK86.7 million in 2021 due to higher costs and conservative approach to the Italian market.