Croatia osiguranje (CROS) Q3 2025 earnings summary

Executive summary

• Total income from insurance contracts reached EUR 446.6m, up 14% year-over-year, with non-life insurance income at EUR 435.7m (+14.2%) and life insurance income at EUR 10.8m (+7.4%).

• Net result from insurance contracts rose 46.6% to EUR 38.9m, and net profit increased 25% to EUR 57.9m compared to the same period last year.

• Total assets as of 30 September 2025 were EUR 2bn, up 8.9% from year-end 2024.

Financial highlights

• Expenditure from insurance contracts was EUR 388.1m, up 8.9% year-over-year.

• Liabilities from insurance contracts stood at EUR 902.3m, a 5% increase from 31 December 2024.

• Basic and diluted earnings per share rose to EUR 137.4 from EUR 109.9 year-over-year.

• Cash flow from operating activities was EUR 68.6m, down from EUR 123.5m in the prior year.

Outlook and guidance

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

• Inflation in Croatia is projected to end the year at 4%, with GDP growth at 3.3% and a government deficit near 2.9% of GDP.

• Non-life insurance market is expected to close the year with near double-digit premium growth, while life insurance premiums are anticipated to match last year's level.