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Dunav

Dunav groupBosnia and Herzegovinadunav.ba ↗#14 of 23 in Bosnia and Herzegovina, FY 2025
Updated 11 Nov 2026
Sources and updates
Source
AZOBiH and the entity supervisors; solvency margin, not Solvency II
Latest figures
FY 2025, Jan–Sep 2026
Next update
FY 2026, around May 2027

Sources for Bosnia and HerzegovinaWhat changed

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Premium
€18m
3.0% of Bosnia and Herzegovina
Growth
+7.9%
FY 2025 vs 2024, in BAM · market +8.0%
Life share
0%
of own premium
Capital cover
131%
Solvency margin · €4.7m held vs €3.6m required
Claims and costs
109%
combined ratio after reinsurance · gross 99% · market 95%
In shortNumber 14 of 23 in Bosnia and Herzegovina with 3.0% of premium, growing slower than the market. Strongest in Property, with 17.1% of the line. Its non-life business lost money on underwriting, with a combined ratio of 109% after reinsurance against 95% for the market. It paid €8.1m in claims, €44 for every €100 of its premium. It covers its required solvency margin 1.3 times.

Latest resultsJan–Sep 2026, year to date: €15m of premium, +4.5% on Jan–Sep 2025 (market +4.8%); share 3.1% (±0.0 pp), #13 of 23. More

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Dunav's line mix, and where it stands among the 23 insurers in Bosnia and Herzegovina on each measure, FY 2025.

Line mix
Motor TPL56%
Property21%
Casco15%
Accident3%
Liability1%
Credit & surety1%
Health1%
Size#14 of 23 by premium
€18m
larger than 41%median €19m
GrowthFY 2025 against 2024, in BAM
+7.9%
ahead of 45%median +8.0%
Claims and costsnon-life combined ratio, after reinsurance
109%
better than 5%median 97%
Capital coverlocal solvency margin
131%
ahead of 58%median 129%
Return on equitynet profit ÷ average equity
−14.1%
ahead of 0%median 9.6%

Each bar runs from the weakest to the strongest of the insurers in Bosnia and Herzegovina with that figure in FY 2025; the dot is this insurer, the tick in the middle the median. Combined ratios as shown across the site: after reinsurance where published, else gross. The rose: each petal's area is the line's share of written premium; the dashed ring is a quarter.

Premium and market share

Market share against the nearest rivals

By year

Insurer20212022202320242025
Premium1.5%1.9%2.1%2.7%3.1%
Camelija2.0%2.2%2.5%2.8%3.0%
Dunav3.2%3.2%3.1%3.0%3.0%
Aura3.4%3.3%3.3%3.0%2.5%
Drina2.7%2.6%2.6%2.5%2.3%

Lines and claims

Written premium by line with ratios after reinsurance for the year selected (gross, marked, where the insurer gives no net figures for a line); the market figure on the same basis sits under each ratio.

All figures

Solvency

DetailsCapital in detailOwn funds against the capital requirement, and the risks it covers

Capital at year end

Capital cover

    Also in the Dunav group

    2 companies in 2 markets · €445m premium, latest year

    All 2 on the Dunav page →
    Serbia1 company€427m
    Dunav osiguranje€427m

    Company details

    Website
    dunav.ba
    Employees
    178 (2025; 175 in 2022, 177 in 2023, 183 in 2024)
    Premium per employee
    €102k (FY 2025; median for non-life insurers in Bosnia and Herzegovina: €118k; all insurers)

    Website from the company's own reports or the supervisor's register, checked 20 Oct 2026.

    Questions about Dunav

    Short answers from the figures on this page.

    What is Dunav's market share in Bosnia and Herzegovina?

    Dunav wrote €18.2m of premium in FY 2025, 3.0% of all premium in Bosnia and Herzegovina, ranking #14 of 23 insurers; its premium grew 7.9% on FY 2024 in BAM.

    Who owns Dunav?

    Dunav is part of the Dunav group, which has 2 companies in 2 of the 18 markets on Polisa (FY 2025).

    What does Dunav sell?

    Dunav is a non-life insurer; its largest lines in FY 2025 are motor TPL (55.9% of its premium), property (20.9%) and casco (15.2%).

    Is Dunav well capitalised?

    Dunav's solvency margin was 131% at 31 December 2025: it covered its required solvency margin 1.3 times, against a median of 129% for the insurers in Bosnia and Herzegovina (local rules, not Solvency II).

    Is Dunav profitable?

    Dunav made a net loss of €0.922m in FY 2025, a return on equity of −14.1%; its non-life combined ratio was 109% after reinsurance.

    Is Dunav growing?

    Dunav's premium grew 7.9% in BAM in FY 2025, slower than the market in Bosnia and Herzegovina (+8.0%).

    Sources for this page

    Premium and lines: the Insurance Agency of Bosnia and Herzegovina and the supervisors of the Federation and Republika Srpska. Claims and solvency margin: supervisors and the insurer's annual report. How these numbers are built.

    Spotted a wrong figure? Tell us and include the source.

    CiteCite this pageThe reference in APA style and as BibTeX, each with a copy button, and the terms of reuse

    Polisa compiles the figures; the original sources are named on this page and on the method page.

    APA

    Polisa. (2026). Dunav (Bosnia and Herzegovina): premium, market share, lines, solvency and claims [Data version 2026-11-11.13378f]. Retrieved November 11, 2026, from https://polisapro.com/insurers/ba-dunav

    BibTeXShow entry
    Entry for a .bib file
    @misc{polisa_insurers_ba_dunav_2026,
  author       = {{Polisa}},
  title        = {Dunav (Bosnia and Herzegovina): premium, market share, lines, solvency and claims},
  year         = {2026},
  version      = {2026-11-11.13378f},
  howpublished = {\url{https://polisapro.com/insurers/ba-dunav}},
  note         = {Accessed 11 November 2026}
}

    Reuse: Polisa's compilation CC BY 4.0 · source data: AZOBiH, ANO FBiH, AZORS (all rights reserved, no re-use terms), BHAS (CC0), SASE (no terms published, all rights reserved), Banja Luka Stock Exchange (no terms published, all rights reserved).