Business News


Profit at Insurer Adriatic Slovenica Down

Koper, 31 May (STA) - Adriatic Slovenica, the country's no. 2 insurance company, saw group profit drop 42% in 2012 to EUR 13.3m as net premium revenue declined by 18% to EUR 217.2m.

Pre-tax profit dropped to EUR 17.3m from EUR 29.7m in the year before, whereas claims incurred decreased by nearly a quarter to EUR 149.5m, the company said Friday.

The parent company posted a net profit of EUR 13.2m, down 25% year-on-year, as net premium revenue slipped 17% to EUR 215.2m.

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