Top 100 Insurers

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 2021.

To allow comparison, all local currencies have been converted into euro, using the central banks’ official exchange rates on the last working day of 2021 and 2020, 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.

2021	2020	Company Name	Country	Gross written premium 2021	Y/Y Change in GWP 2021 (%)	Net profit/loss 2021	Net profit/loss 2020
1	1	Zavarovalnica Triglav d.d.	Slovenia	794.4	10.44%	73.4	58.0
2	4	Generali Zavarovalnica d.d.	Slovenia	450.1	5.65%	24.5	5.7
3	8	Euroins Romania Asigurare Reasigurare SA	Romania	446.0	67.90%	-6.8	-45.8
4	3	Zavarovalnica Sava d.d.	Slovenia	434.4	-2.81%	58.1	48.9
5	10	Allianz – Tiriac Asigurari SA	Romania	413.5	54.85%	24.3	24.4
6	5	Croatia Osiguranje d.d.	Croatia	386.9	6.06%	44.4	30.5
7	11	Groupama Asigurari SA	Romania	331.1	53.26%	4.3	3.5
8	7	Omniasig Vienna Insurance Group SA	Romania	327.4	16.41%	1.8	5.5
9	6	Vzajemna Zdravstvena Zavarovalnica d.v.z.	Slovenia	321.7	-6.14%	8.9	11.9
10	9	Dunav Osiguranje AD	Serbia	268.6	6.41%	21.4	27.3
11	12	Triglav Zdravstvena Zavarovalnica d.d.	Slovenia	199.0	1.33%	6.4	4.8
12	13	Generali Osiguranje Srbija AD	Serbia	199.0	6.00%	28.9	32.0
13	14	Euroherc Osiguranje d.d.	Croatia	197.0	10.48%	16.9	16.4
14	15	NN Asigurari de Viata SA	Romania	191.1	10.18%	14.6	17.0
15	17	Euroins AD	Bulgaria	175.9	15.25%	1.4	3.3
16	16	Lev Ins AD	Bulgaria	174.6	11.44%	n/a	2.9
17	22	Asirom Vienna Insurance Group SA	Romania	167.9	30.45%	-3.7	-2.4
18	18	Allianz Hrvatska d.d.	Croatia	163.4	7.70%	14.2	7.2
19	20	Adriatic Osiguranje d.d.	Croatia	162.5	22.08%	9.7	9.1
20	23	Wiener Osiguranje Vienna Insurance Group d.d.	Croatia	160.3	23.32%	6.4	5.3
21	30	Generali Romania SA	Romania	156.8	24.56%	8.5	7.5
22	19	Bulstrad Vienna Insurance Group AD	Bulgaria	154.9	6.05%	20.8	7.8
23	21	DZI – General Insurance EAD	Bulgaria	140.0	5.91%	21.1	21.4
24	28	Generali Osiguranje d.d.	Croatia	130.3	30.40%	0.9	-2.4
25	25	DDOR Novi Sad AD	Serbia	118.6	6.50%	6.0	10.6
26	24	Wiener Stadtische Osiguranje AD	Serbia	115.0	2.05%	10.0	10.3
27	26	Armeec AD	Bulgaria	111.0	5.79%	4.4	3.4
28	27	Dall Bogg Zhivot i Zdrave EAD	Bulgaria	102.3	-0.01%	2.2	1.5
29	34	Vita d.d.	Slovenia	101.1	30.91%	7.7	8.7
30	32	Bul Ins AD	Bulgaria	97.7	7.99%	4.2	0.9
31	29	OZK – Insurance AD	Bulgaria	95.9	3.00%	n/a	2.8
32	31	Generali Insurance AD	Bulgaria	93.5	7.15%	6.1	11.8
33	38	Triglav Osiguranje d.d.	Croatia	86.9	19.01%	1.8	-2.6
34	33	Allianz Bulgaria AD	Bulgaria	84.5	4.20%	7.9	11.1
35	35	BCR Asigurari de Viata Vienna Insurance Group SA	Romania	83.0	9.73%	6.2	6.2
36	36	UNIQA Osiguranje d.d.	Croatia	80.1	5.21%	4.0	3.2
37	37	UNIQA Asigurari SA	Romania	77.9	3.85%	3.4	0.8
38	45	BRD Asigurari de Viata SA	Romania	72.2	44.87%	1.8	1.1
39	40	Triglav Osiguranje AD	Serbia	69.3	13.90%	4.1	3.9
40	41	Grawe Hrvatska d.d.	Croatia	61.7	6.94%	3.7	1.7
41	48	Grawe Romania Asigurare SA	Romania	59.7	59.22%	-2.1	-3.5
42	39	Modra Zavarovalnica d.d.	Slovenia	56.6	-8.47%	19.0	4.0
43	43	Merkur Zavarovalnica d.d.	Slovenia	55.0	5.39%	3.5	3.1
44	44	Agram Life Osiguranje d.d.	Croatia	53.2	3.14%	2.5	4.0
45	46	Grawe Zavarovalnica d.d.	Slovenia	47.7	1.18%	1.0	1.3
46	42	Bulstrad Life Vienna Insurance Group AD	Bulgaria	47.6	-10.50%	n/a	2.1
47	47	DZI – Life Insurance AD	Bulgaria	41.4	10.46%	24.2	2.3
48	49	Grawe Osiguranje AD	Serbia	40.8	9.80%	6.4	7.2
49	52	AMS Osiguranje AD	Serbia	39.5	15.40%	4.4	5.0
50	50	Adriatic Osiguranje d.d.	Bosnia and Herzegovina	38.2	7.37%	3.3	3.1
51	62	Sigal UNIQA Group Austria Sh.a.	Albania	37.5	17.96%	3.1	3.7
52	51	Wiener Stadtische Versicherung AG – Branch Ljubljana	Slovenia	36.9	5.75%	n/a	5.2
53	61	UNIQA Osiguranje d.d. Sarajevo	Bosnia and Herzegovina	36.5	14.75%	1.1	1.6
54	55	UNIQA Nezivotno Osiguranje AD	Serbia	35.9	8.56%	0.2	-0.7
55	54	Pool-ul de Asigurare Impotriva Dezastrelor Naturale SA	Romania	35.5	5.81%	8.0	8.4
56	80	Globos Osiguranje AD	Serbia	35.4	103.47%	3.3	0.0
57	60	UNIQA AD	Bulgaria	35.0	9.90%	2.7	1.0
58	new	Triglav Pokojninska Druzba d.d.	Slovenia	34.2	4.13%	1.7	-0.9
59	59	Lovcen Osiguranje AD	Montenegro	33.9	6.21%	1.3	3.9
60	53	Sarajevo Osiguranje d.d.	Bosnia and Herzegovina	33.5	-1.53%	0.5	0.3
61	58	Euroherc Osiguranje d.d.	Bosnia and Herzegovina	33.1	3.68%	5.7	4.8
62	56	Merkur Osiguranje d.d.	Croatia	32.6	-1.05%	1.6	1.6
63	63	HOK – Osiguranje d.d.	Croatia	32.6	4.98%	0.8	1.0
64	66	Triglav Osiguranje d.d. Sarajevo	Bosnia and Herzegovina	31.4	13.68%	1.3	1.3
65	64	Milenijum Osiguranje AD	Serbia	30.8	2.95%	2.4	5.7
66	68	UNIQA Life Insurance AD	Bulgaria	30.1	14.93%	0.9	2.4
67	57	Onix Asigurari SA	Romania	30.0	-5.92%	11.8	7.4
68	65	Grawe Osiguranje d.d. Sarajevo	Bosnia and Herzegovina	28.9	2.75%	2.2	2.1
69	67	Signal Iduna Asigurare Reasigurare SA (formerly known as Signal Iduna Asigurari de Viata SA)	Romania	28.7	9.47%	0.1	0.8
70	70	Albsig sh.a.	Albania	27.2	23.85%	2.0	1.3
71	81	UNIQA Asigurari de Viata SA	Romania	24.3	40.88%	0.0	0.9
72	74	ASA Osiguranje d.d.	Bosnia and Herzegovina	23.7	21.46%	1.7	1.3
73	new	Wiener Osiguranje Vienna Insurance Group a.d. Banja Luka	Bosnia and Herzegovina	23.3	14.48%	n/a	0.1
74	72	Sava Nezivotno Osiguranje AD	Serbia	23.1	11.76%	0.6	1.4
75	73	Triglav Insurance AD	North Macedonia	21.6	8.22%	0.5	1.1
76	69	Allianz Bulgaria Life AD	Bulgaria	21.4	-3.64%	0.4	3.2
77	71	Central Osiguranje d.d.	Bosnia and Herzegovina	20.9	11.13%	0.7	0.6
78	76	GRAWE Bulgaria Life Insurance EAD	Bulgaria	20.6	6.50%	0.8	1.1
79	77	Croatia Osiguranje d.d.	Bosnia and Herzegovina	20.3	8.38%	0.5	0.4
80	82	Sigma Interalbanian Vienna Insurance Group Sh.a.	Albania	18.9	11.62%	n/a	0.9
81	83	Eurosig Sh.a.	Albania	18.9	13.80%	-1.7	0.3
82	93	Groupama Insurance EAD	Bulgaria	18.6	42.03%	n/a	0.5
83	78	Grawe Osiguranje a.d. Banja Luka	Bosnia and Herzegovina	18.6	1.46%	1.2	1.0
84	85	Allianz-Tiriac Unit SA (formerly known as Gothaer Asigurari Reasigurari SA)	Romania	18.4	16.25%	-5.0	-4.4
85	79	Vienna Osiguranje d.d.(former Merkur BH Osiguranje d.d.)	Bosnia and Herzegovina	18.3	4.07%	0.3	0.1
86	87	Eurolink Osiguruvanje AD	North Macedonia	18.3	16.68%	1.5	0.4
87	91	Uniqa AD	North Macedonia	16.6	23.67%	-0.4	0.3
88	92	Halk Osiguruvanje AD	North Macedonia	16.1	20.71%	-4.2	0.4
89	84	Allianz Slovenija Zavarovalna Podruznica	Slovenia	16.1	-0.18%	0.0	-2.5
90	86	Energia AD	Bulgaria	15.8	0.39%	7.0	5.0
91	90	Sava Osiguruvanje AD	North Macedonia	15.3	10.98%	-0.3	0.5
92	new	Asterra Grup SA	Moldova	14.9	44.67%	1.7	0.8
93	89	Makedonija Osiguruvanje AD Skopje – Vienna Insurance Group	North Macedonia	14.8	5.62%	0.9	0.9
94	88	UNIQA Zivotno Osiguranje AD	Serbia	14.8	1.84%	0.5	1.1
95	96	Grawe Carat Asigurari SA	Moldova	14.5	13.62%	1.7	1.2
96	94	Sava Osiguranje AD	Montenegro	14.4	12.23%	n/a	1.8
97	97	Intersig Vienna Insurance Group Sh.a.	Albania	14.2	12.71%	0.7	0.7
98	new	Sigal Uniqa Group Austria Sh.a.	Kosovo	14.1	15.29%	0.8	0.1
99	95	Asset Insurance AD	Bulgaria	14.0	10.46%	1.8	1.4
100	new	Winner Vienna Insurance Group AD	North Macedonia	13.8	19.13%	0.3	0.6