Croatia osiguranje (CROS) Q2 2026 earnings summary

Executive summary

• Total income from insurance contracts rose 10.4% year-over-year to EUR 314.7m, with non-life insurance up 10.6% and life insurance up 3.5%.

• Net profit increased 5.7% year-over-year to EUR 44.4m, driven by higher revenue and stable claims expenditure.

• Group assets reached EUR 2.1bn, up 6% from year-end 2025.

• Digital channels saw a 66.4% increase in premium, and digital brand LAQO grew premiums by 16.8%.

• Health insurance and digital healthcare segments showed strong growth, with Croatia poliklinika revenue up 25%.

Financial highlights

• Non-life insurance income: EUR 307.3m (+10.6% YoY); life insurance income: EUR 7.4m (+3.5% YoY).

• Expenditure from insurance contracts: EUR 265.1m (+7.8% YoY); non-life expenditure: EUR 260.1m (+8.1% YoY); life expenditure: EUR 5m (-6.8% YoY).

• Net result from insurance contracts: EUR 27.6m (+14.6% YoY).

• Earnings per share increased to EUR 105.4 from EUR 99.6.

• Dividend of EUR 49m (EUR 114.14 per share) approved from 2025 profit.

Outlook and guidance

• Inflation in Croatia expected at 4.6% for 2026; real GDP growth projected at 2.6%.

• Insurance market growth expected to moderate, with health insurance as the main driver.

• Moderate growth anticipated in life insurance, driven by investment-linked products.

• Group expects to maintain strong capitalization and regulatory compliance despite market uncertainties.