Annual ranking of the biggest companies in Southeast Europe
SEE TOP 100 insurers is a ranking of the largest insurers (excluding re-insurers) in Southeast Europe in terms of gross written premium from non-consolidated income statements for 2020.
To allow comparison, all local currencies have been converted into euro, using the central banks’ official exchange rates on the last working day of 2020 and 2019, respectively. Local currency figures have been used when calculating year-on-year changes.
All data is sourced from central banks, national commercial registers, financial supervision commissions, insurance associations, government and corporate websites, and companies themselves.
The initial pool of companies exceeds 240 insurers.
Gross written premium and net profit/loss figures are in millions of euro.
2020 | 2019 | Company Name | Country | Gross written premium 2020 | Y/Y Change in GWP 2020 (%) | Net profit/loss 2020 | Net profit/loss 2019 |
1 | 1 | Zavarovalnica Triglav d.d. | Slovenia | 647.6 | -1.76% | 58.0 | 70.6 |
2 | 3 | City Insurance SA | Romania | 474.0 | 20.66% | -4.9 | 11.9 |
3 | 2 | Zavarovalnica Sava d.d. | Slovenia | 447.0 | 4.27% | 48.9 | 38.5 |
4 | 28 | Generali Zavarovalnica d.d. | Slovenia | 426.1 | 303.85% | 5.7 | 3.3 |
5 | 4 | Croatia Osiguranje d.d. | Croatia | 363.8 | 0.11% | 30.5 | 39.4 |
6 | 5 | Vzajemna Zdravstvena Zavarovalnica d.v.z. | Slovenia | 342.8 | 3.62% | 11.9 | 9.8 |
7 | 7 | Omniasig Vienna Insurance Group SA | Romania | 284.2 | 5.89% | 5.5 | -1.7 |
8 | 8 | Euroins Romania Asigurare Reasigurare SA | Romania | 268.4 | 2.21% | -45.8 | -9.1 |
9 | 9 | Dunav Osiguranje AD | Serbia | 253.2 | 4.45% | 27.3 | 25.6 |
10 | 10 | Allianz - Tiriac Asigurari SA | Romania | 237.2 | 1.43% | 24.4 | 31.8 |
11 | 11 | Groupama Asigurari SA | Romania | 218.3 | 4.30% | 3.5 | -12.6 |
12 | 14 | Triglav Zdravstvena Zavarovalnica d.d. | Slovenia | 196.4 | 10.70% | 4.8 | 2.9 |
13 | 12 | Generali Osiguranje Srbija AD | Serbia | 188.3 | -4.44% | 32.0 | 33.3 |
14 | 16 | Euroherc Osiguranje d.d. | Croatia | 178.0 | 4.89% | 16.4 | 17.7 |
15 | 15 | NN Asigurari de Viata SA | Romania | 175.3 | 3.45% | 17.0 | 12.6 |
16 | 17 | Lev Ins AD | Bulgaria | 156.7 | -3.21% | 2.9 | 0.8 |
17 | 21 | Euroins AD | Bulgaria | 152.6 | 22.64% | 3.3 | 2.6 |
18 | 13 | Allianz Hrvatska d.d. | Croatia | 151.5 | -16.18% | 7.2 | 15.6 |
19 | 18 | Bulstrad Vienna Insurance Group AD | Bulgaria | 146.1 | 2.99% | 7.8 | 5.8 |
20 | 29 | Adriatic Osiguranje d.d. | Croatia | 132.9 | 33.10% | 9.1 | 8.0 |
21 | 19 | DZI - General Insurance EAD | Bulgaria | 132.2 | 0.74% | 21.4 | 13.8 |
22 | 22 | Asirom Vienna Insurance Group SA | Romania | 130.0 | 15.91% | -2.4 | -7.7 |
23 | 20 | Wiener Osiguranje Vienna Insurance Group d.d. | Croatia | 129.7 | 5.44% | 5.3 | 7.1 |
24 | 27 | Wiener Stadtische Osiguranje AD | Serbia | 113.0 | 5.23% | 10.3 | 8.6 |
25 | 26 | DDOR Novi Sad AD | Serbia | 111.7 | 3.52% | 10.6 | 8.7 |
26 | 23 | Armeec AD | Bulgaria | 105.0 | -7.65% | 3.4 | 2.7 |
27 | 39 | Dall Bogg Zhivot i Zdrave EAD | Bulgaria | 102.3 | 39.81% | 1.5 | 1.6 |
28 | 25 | Generali Osiguranje d.d. | Croatia | 100.1 | -6.27% | -2.4 | 1.7 |
29 | 24 | OZK - Insurance AD | Bulgaria | 93.1 | -15.79% | 2.8 | 1.8 |
30 | 30 | Generali Romania SA | Romania | 91.2 | -4.57% | 7.5 | 1.4 |
32 | 33 | Bul Ins AD | Bulgaria | 84.0 | -5.53% | 0.3 | 2.8 |
33 | 32 | Allianz Bulgaria AD | Bulgaria | 81.1 | -8.88% | 11.1 | 9.3 |
34 | 35 | Vita d.d. (formerly known as NLB Vita d.d.) | Slovenia | 77.2 | -8.58% | 8.7 | 9.0 |
35 | 37 | BCR Asigurari de Viata Vienna Insurance Group SA | Romania | 76.4 | 0.84% | 6.2 | 7.3 |
36 | 34 | UNIQA Osiguranje d.d. | Croatia | 76.0 | -9.79% | 3.2 | 5.1 |
37 | 36 | UNIQA Asigurari SA | Romania | 75.8 | -1.66% | 0.8 | 0.5 |
38 | 40 | Triglav Osiguranje d.d. | Croatia | 72.9 | 12.55% | -2.6 | 0.4 |
39 | 44 | Modra Zavarovalnica d.d. | Slovenia | 61.9 | 15.75% | 4.0 | 12.2 |
40 | 43 | Triglav Osiguranje AD | Serbia | 61.0 | 4.50% | 3.9 | 2.1 |
41 | 42 | Grawe Hrvatska d.d. | Croatia | 57.6 | -3.85% | 1.7 | 4.3 |
42 | 38 | Bulstrad Life Vienna Insurance Group AD | Bulgaria | 53.2 | -29.33% | 2.1 | 2.2 |
43 | 46 | Merkur Zavarovalnica d.d. | Slovenia | 52.1 | 7.92% | 3.1 | 3.0 |
44 | 45 | Agram Life Osiguranje d.d. | Croatia | 51.5 | 0.21% | 4.0 | 2.8 |
45 | 41 | BRD Asigurari de Viata SA | Romania | 50.3 | -16.91% | 1.1 | 2.3 |
46 | 47 | Grawe Zavarovalnica d.d. | Slovenia | 47.1 | 1.00% | 1.3 | 1.0 |
47 | 48 | DZI - Life Insurance AD | Bulgaria | 38.1 | -2.68% | 2.3 | 3.4 |
48 | 66 | Grawe Romania Asigurare SA | Romania | 37.9 | 39.39% | -3.5 | -3.2 |
49 | 56 | Grawe Osiguranje AD | Serbia | 37.3 | 8.26% | 7.2 | 5.1 |
50 | 52 | Adriatic Osiguranje d.d. | Bosnia and Herzegovina | 35.6 | 1.31% | 3.1 | 2.9 |
51 | 60 | Wiener Stadtische Versicherung AG - Branch Ljubljana | Slovenia | 34.9 | 5.61% | 5.2 | 5.8 |
52 | 57 | AMS Osiguranje AD | Serbia | 34.3 | 2.30% | 5.0 | 4.8 |
53 | 55 | Sarajevo Osiguranje d.d. | Bosnia and Herzegovina | 34.0 | -1.58% | 0.3 | 0.3 |
54 | 58 | Pool-ul de Asigurare Impotriva Dezastrelor Naturale SA | Romania | 33.9 | 3.51% | 8.4 | 7.6 |
55 | 49 | UNIQA Nezivotno Osiguranje AD | Serbia | 33.2 | -11.07% | -0.7 | 1.3 |
56 | 50 | Merkur Osiguranje d.d. | Croatia | 32.9 | -8.58% | 1.6 | 3.1 |
57 | 99 | Onix Asigurari SA | Romania | 32.2 | 170.37% | 7.4 | 4.1 |
58 | 62 | Euroherc Osiguranje d.d. | Bosnia and Herzegovina | 32.0 | 1.01% | 4.8 | 4.6 |
59 | 59 | Lovcen Osiguranje AD | Montenegro | 32.0 | -3.47% | 3.9 | 0.6 |
60 | 53 | UNIQA AD | Bulgaria | 31.9 | -8.85% | 1.0 | 1.7 |
62 | 51 | Sigal UNIQA Group Austria Sh.a. | Albania | 31.5 | -9.38% | 3.7 | 1.1 |
63 | 63 | Hrvatska Osiguravajuca Kuca d.d. | Croatia | 31.0 | -0.46% | 1.0 | 0.7 |
64 | 64 | Milenijum Osiguranje AD | Serbia | 30.0 | -1.61% | 5.3 | 3.9 |
65 | 65 | Grawe Osiguranje d.d. Sarajevo | Bosnia and Herzegovina | 28.1 | 0.16% | 2.1 | 1.3 |
66 | 68 | Triglav Osiguranje d.d. Sarajevo | Bosnia and Herzegovina | 27.6 | 11.06% | 1.3 | 0.9 |
67 | 72 | Signal Iduna Asigurare Reasigurare SA (formerly known as Signal Iduna Asigurari de Viata SA) | Romania | 26.5 | 26.81% | 0.8 | 0.1 |
68 | 54 | UNIQA Life Insurance AD | Bulgaria | 26.2 | -25.02% | 2.4 | 3.3 |
69 | 69 | Allianz Bulgaria Life AD | Bulgaria | 22.3 | -6.11% | 3.2 | 3.7 |
70 | 75 | Albsig sh.a. | Albania | 21.7 | 13.51% | 1.3 | 1.3 |
71 | 74 | Central Osiguranje d.d. | Bosnia and Herzegovina | 21.7 | 10.92% | 0.0 | 1.4 |
72 | 71 | Sava Nezivotno Osiguranje AD | Serbia | 20.8 | -8.21% | 1.4 | 0.8 |
73 | 70 | Triglav Insurance AD | North Macedonia | 20.0 | -13.56% | 1.1 | 0.2 |
74 | 84 | ASA Osiguranje d.d. | Bosnia and Herzegovina | 19.5 | 17.43% | 1.3 | 1.1 |
75 | 80 | Prva Osebna Zavarovalnica d.d. | Slovenia | 19.4 | 6.09% | 3.6 | 2.8 |
76 | 73 | GRAWE Bulgaria Life Insurance EAD | Bulgaria | 19.3 | -1.29% | 1.1 | 2.1 |
77 | 67 | Croatia Osiguranje d.d. | Bosnia and Herzegovina | 18.7 | -28.02% | 0.4 | 0.0 |
78 | new | Grawe Osiguranje a.d. Banja Luka | Bosnia and Herzegovina | 18.3 | 69.15% | 1.0 | 0.4 |
79 | 76 | Vienna Osiguranje d.d.(former Merkur BH Osiguranje d.d.) | Bosnia and Herzegovina | 17.6 | -7.79% | 0.1 | 0.5 |
80 | new | Globos Osiguranje AD | Serbia | 17.5 | 687.12% | 0.0 | -0.1 |
81 | 82 | UNIQA Asigurari de Viata SA | Romania | 17.4 | 3.43% | 0.9 | 1.0 |
82 | 79 | Sigma Interalbanian Vienna Insurance Group Sh.a. | Albania | 16.8 | -7.43% | 0.9 | 1.0 |
83 | 77 | Eurosig Sh.a. | Albania | 16.5 | -11.87% | 0.3 | 1.1 |
84 | 83 | Allianz Zavarovalna Podruznica - non-existent | Slovenia | 16.1 | -4.28% | -2.5 | -1.9 |
85 | 78 | Gothaer Asigurari Reasigurari SA | Romania | 16.0 | -13.68% | -4.4 | -3.7 |
86 | 81 | Energia AD | Bulgaria | 15.7 | -8.43% | 5.0 | 3.9 |
87 | 85 | Eurolink Osiguruvanje AD | North Macedonia | 15.6 | -4.89% | 0.4 | 0.0 |
88 | 86 | UNIQA Zivotno Osiguranje AD | Serbia | 14.5 | -10.27% | 1.1 | 1.0 |
89 | 87 | Makedonija Skopje - Vienna Insurance Group AD | North Macedonia | 14.0 | -7.02% | 0.9 | 1.4 |
90 | 90 | Sava Osiguruvanje AD | North Macedonia | 13.8 | -4.29% | 0.5 | 0.2 |
91 | 93 | UNIQA AD | North Macedonia | 13.4 | 0.53% | 0.0 | -0.4 |
92 | new | Halk Osiguruvanje AD (formerly known as Albsig AD) | North Macedonia | 13.3 | 57.03% | 0.0 | -2.3 |
93 | 100 | Groupama Insurance EAD | Bulgaria | 13.1 | 10.67% | 0.5 | -0.8 |
94 | 91 | Sava Osiguranje AD | Montenegro | 12.8 | -6.70% | 1.8 | 1.2 |
95 | 92 | Asset Insurance AD | Bulgaria | 12.6 | -7.01% | 1.4 | 0.6 |
96 | 97 | Grawe Carat Asigurari SA | Moldova | 12.6 | 5.64% | 1.2 | 1.1 |
97 | new | Intersig Vienna Insurance Group Sh.a. | Albania | 12.5 | 90.03% | 0.7 | 0.7 |
98 | 88 | Coface PKZ zavarovalnica d.d. (formerly known as SID – Prva Kreditna Zavarovalnica d.d.) | Slovenia | 12.3 | -16.64% | 2.2 | 1.2 |
99 | 89 | Coface PKZ Zavarovalnica d. d. | Slovenia | 12.3 | -16.64% | 2.2 | 1.2 |
100 | 94 | Euroins Insurance AD Skopje | North Macedonia | 11.8 | -10.64% | 0.8 | 0.8 |