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Croatia’s leading insurer Croatia Osiguranje...

... has reported a net profit of HRK64.9m($11.58m) for 2008, down from HRK126m the previous year, on turnover of HRK4.1bn, up 3.8% year on year. The state majority-owned operation has a 30% share in the Croatian market. The company did not give a reason for the profit decline, but said that “we are preparing to tap the market with new and innovative insurance packages in 2009, like we did last year”.

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