Business News

Prva Osebna Zavarovalnica Posts Tenfold Rise in Net Profit

Ljubljana, 31 March (STA) - Prva osebna zavarovalnica, an insurer specialising in pension fund management, ended 2009 with an operating profit of EUR 740,400, up 32.6% over the year before. Net profit grew nearly tenfold to EUR 1.3m, the company said Wednesday.

The company had over 79,000 policy holders and provided supplementary pension insurance services to almost 2,500 companies, executive director Miroslav Ekart told the press.

Pension insurance premiums worth EUR 28.7m were paid in and the company had assets under management of EUR 172m, up 22.6% over the year before.

The company started out as Prva pokojninska druzba offering supplementary pension insurance but last year it branched out to personal and health insurance.

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