Get the dataData

Mikrofin (MF)

Bosnia and Herzegovinamikrofinosiguranje.com ↗#17 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

Compare with nearest rivals →Compare →
Share
LinkedIn
Premium
€13m
2.2% of Bosnia and Herzegovina
Growth
+4.3%
FY 2025 vs 2024, in BAM · market +8.0%
Life share
0%
of own premium
Capital cover
129%
Solvency margin · €4.6m held vs €3.6m required
Claims and costs
98%
combined ratio after reinsurance · gross 97% · market 95%
In shortNumber 17 of 23 in Bosnia and Herzegovina with 2.2% of premium, growing slower than the market. Strongest in Accident, with 8.4% of the line. Its non-life business made money on underwriting, with a combined ratio of 98% after reinsurance against 95% for the market. It paid €5.7m 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: €10m of premium, +3.4% on Jan–Sep 2025 (market +4.8%); share 2.1% (±0.0 pp), #17 of 23. More

Fingerprint

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

Line mix
Motor TPL64%
Casco17%
Accident13%
Property4%
Size#17 of 23 by premium
€13m
larger than 27%median €19m
GrowthFY 2025 against 2024, in BAM
+4.3%
ahead of 27%median +8.0%
Claims and costsnon-life combined ratio, after reinsurance
98%
better than 47%median 97%
Capital coverlocal solvency margin
129%
ahead of 42%median 129%
Return on equitynet profit ÷ average equity
7.4%
ahead of 27%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
Aura3.4%3.3%3.3%3.0%2.5%
Drina2.7%2.6%2.6%2.5%2.3%
Mikrofin (MF)1.7%1.9%2.2%2.2%2.2%
Brčko-gas2.0%1.8%1.8%1.6%1.7%
Nešković2.0%1.9%2.0%2.0%1.7%

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

    Company details

    Website
    mikrofinosiguranje.com
    Employees
    92 (2025; 88 in 2022, 99 in 2023, 102 in 2024)
    Premium per employee
    €141k (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 Mikrofin (MF)

    Short answers from the figures on this page.

    What is the market share of Mikrofin (MF) in Bosnia and Herzegovina?

    Mikrofin (MF) wrote €13m of premium in FY 2025, 2.2% of all premium in Bosnia and Herzegovina, ranking #17 of 23 insurers; its premium grew 4.3% on FY 2024 in BAM.

    Who owns Mikrofin (MF)?

    Polisa records no group for Mikrofin (MF) in FY 2025.

    What does Mikrofin (MF) sell?

    Mikrofin (MF) is a non-life insurer; its largest lines in FY 2025 are motor TPL (63.9% of its premium), casco (16.8%) and accident (13.2%).

    Is Mikrofin (MF) well capitalised?

    The solvency margin of Mikrofin (MF) was 128% 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 Mikrofin (MF) profitable?

    Mikrofin (MF) made a net profit of €0.409m in FY 2025, a return on equity of 7.4%; its non-life combined ratio was 98% after reinsurance.

    Is Mikrofin (MF) growing?

    The premium of Mikrofin (MF) grew 4.3% 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). Mikrofin (MF) (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-mikrofin-mf

    BibTeXShow entry
    Entry for a .bib file
    @misc{polisa_insurers_ba_mikrofin_mf_2026,
  author       = {{Polisa}},
  title        = {Mikrofin (MF) (Bosnia and Herzegovina): premium, market share, lines, solvency and claims},
  year         = {2026},
  version      = {2026-11-11.13378f},
  howpublished = {\url{https://polisapro.com/insurers/ba-mikrofin-mf}},
  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).