Croatia osiguranje
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Croatia osiguranje (CROS) investor relations material

Croatia osiguranje Q1 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q1 2026 earnings summary29 Apr, 2026

Executive summary

  • Total income from insurance contracts reached EUR 151.9m, up 10.3% year-over-year; non-life insurance income rose 10.5% to EUR 148.2m, and life insurance income increased 4.1% to EUR 3.7m.

  • Net result from insurance contracts was EUR 13.9m, up 17% year-over-year; group net profit reached EUR 18.2m, a 6.8% increase.

  • Total assets as of 31 March 2026 were EUR 2.1bn, up 3.2% from year-end 2025.

  • Significant digitalization progress: digital premium up 32%, Moja Croatia app users up 39%, and LAQO digital brand premium up 18%.

  • Croatia Poliklinika revenue rose 26% to EUR 9.5m, confirming its leading private healthcare position.

Financial highlights

  • Insurance contract expenditure was EUR 126.3m, up 9% year-over-year; non-life expenditure EUR 124m (+9.6%), life expenditure EUR 2.3m (-14.3%).

  • Earnings per share increased to EUR 43.1 from EUR 40.4 year-over-year.

  • Group's SCR ratio at 221% as of 31 December 2025, indicating strong capitalization.

  • Dividend proposal for 2025 profit: EUR 49m, or EUR 114.14 per share.

Outlook and guidance

  • 2026 outlook is more pessimistic due to Middle East conflict, with Croatian GDP growth forecast at 2.6% and inflation at 4.6%.

  • Insurance market expected to continue high single-digit growth, but with slower dynamics by year-end.

  • Life insurance segment expected to see modest growth, with a shift toward investment products.

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