Croatia osiguranje (CROS) Q1 2025 earnings summary

Executive summary

• Total income from insurance contracts reached EUR 137.7m, up 13.8% year-over-year, with non-life insurance income at EUR 134.2m (+14%) and life insurance income at EUR 3.6m (+7.3%).

• Net profit for the Group was EUR 17m, a 7.5% increase compared to the same period last year.

• Total assets as of 31 March 2025 were EUR 1.8bn, up 2.8% from year-end 2024.

Financial highlights

• Expenditure from insurance contracts rose 7.9% year-over-year to EUR 115.8m; non-life expenditure was EUR 113.1m (+7.1%), life expenditure EUR 2.7m (+52.8%).

• Net result from insurance contracts was EUR 11.9m, up 6.9% year-over-year.

• Earnings per share increased to EUR 40.4 from EUR 37.6 year-over-year.

• Net cash flow for the quarter was EUR 3.28m, reversing a negative cash flow in the prior year.

Outlook and guidance

• Non-life insurance market continues double-digit premium growth, though at a slower pace; similar trends expected next quarter.

• Life insurance premiums are below last year’s level and may continue negative trends due to capital market uncertainty.

• Capital adequacy expected to remain above 200% throughout 2025.