Croatia osiguranje (CROS) Q2 2025 earnings summary

Executive summary

• Total income from insurance contracts rose 13.4% year-over-year to EUR 285.1m, with non-life insurance income up 13.6% and life insurance income up 8.4%.

• Net profit increased 25% year-over-year to EUR 42m, and net result from insurance contracts grew 32.9% to EUR 24.1m.

• Total assets reached EUR 1.9bn, up 8% from year-end 2024; insurance contract liabilities rose 4% to EUR 893.9m.

Financial highlights

• Earnings per share increased from EUR 79.7 to EUR 99.6 year-over-year.

• Cash flow from operating activities was EUR 10.8m, down from EUR 85m in the prior year period.

• Dividend of EUR 45.8m (EUR 106.52 per share) was approved and paid in June 2025.

Outlook and guidance

• Inflation in Croatia is forecast at 3.6% for 2025, with unemployment expected to fall below 5% and wage growth around 10%.

• Non-life insurance premium growth remains solid at 10%, but a slowdown is noted, especially in motor and health insurance.

• Life insurance premiums are below last year’s level; no short-term trend changes expected.

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