Operating expenses were 12.1% lower year-on-year, RON102.6 million, and operating income fell 36% to RON8.5 million.
“Moreover, the decrease of distribution revenues (14.5%) and profit (34.4%) respectively over the same period does not indicate a deceleration of the business, but rather the maintenance of Transilvania Broker on a very good upward slope, under current market conditions. Thus, in a strongly affected market, Transilvania Broker ends 2023 with revenue from distribution activities of over RON111 million and a positive result of RON7.6 million, at a net margin of 6.8%,” the company said in its reports.
Transilvania Broker de Asigurare ended 2023 with an 18.8% increase in the volume of intermediated policies compared with the reference period, 2022. The series of increases peaked in the fourth quarter, which recorded a level 30% above the same period of 2022.
(English version by Loredana Fratila-Cristescu)