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Business news in Slovenia

Prva Group insurance group profit up nearly 23% to EUR 8.4m

Ljubljana, 30 April (STA) - Prva Group, a mixed insurance holding company with six subsidiaries operating in Eastern and Central Europe, reported on Tuesday a 22.7% increase in net profit at group level to EUR 8.4 million for 2023. The core company saw net profit increase by 23% to EUR 4 million.

"Both companies on the Slovenian market, Prva Pokojninska Družba and Prva Osebna Zavarovalnica, continued to grow and performed very well," Prva Group CEO Janez Kranjc said.

Supplementary health insurance is becoming an increasingly important segment for Prva Group on the Slovenian market, where the group achieved the highest growth in the past year, with a 37% growth in the portfolio and a 51% growth in premiums, he added.

Prva Group moreover features KB Prva and Prva Život AD Skopje in North Macedonia, DDOR Garant in Serbia, and FSKP in Kosovo.

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