Croatia osiguranje (CROS) Q4 2025 earnings summary

Executive summary

• Total income from insurance contracts rose 12.2% year-over-year to EUR 606.8m, with non-life insurance income up 12.6% and life insurance income down 1%.

• Net profit increased 7.2% year-over-year to EUR 65.5m, while net result from insurance contracts grew 24.1% to EUR 46m.

• Total assets reached EUR 2bn, up 10.6% from the previous year-end.

Financial highlights

• Non-life insurance expenditure increased 9.9% to EUR 527.9m; life insurance expenditure rose 18.4% to EUR 10.1m.

• Liabilities from insurance contracts totaled EUR 905.1m, up 5.3% year-over-year.

• Earnings per share rose to EUR 155.3 from EUR 145.0 in the prior year.

• Net cash flow for the year was EUR 7.6m, reversing a negative flow in the prior year.

Outlook and guidance

• Inflation is projected to decline to 2.8–3.4% in 2026, with GDP growth expected to slow to 2.8%.

• Non-life insurance market growth is expected to decelerate to single digits in 2026; life insurance to see modest growth.

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