While Groupama leads the market by the volume of gross underwritten premiums, the company is dethroned by Allianz-Tiriac by profitability, with the latter reaching RON435 million net profit, up 26% from 2023, in line with data collected by ZF.
Allianz-Tiriac is the second largest insurer by the volume of gross underwritten premiums, a position it has held for years. For last year, the company’s profit margin reached 12%, the largest among all 10 largest insurers in 2024.
Second in the ranking by 2024 net profit comes Groupama, with a net profit of RON286 million, 31% higher than in 2023, with a profit margin of 7%.
Omniasig ranks third with RON143 million net profit.
At the level of the entire insurance market, with a gross underwritten premiums volume of RON23.4 billion and net profit of above RON1.4 billion in 2024, the 2024 profit margin stands at 6%.
(English version by Catalina Apostoiu)