Lovćen
Sources and updates
- Source
- ANO market reports and insurers' annual reports; solvency margin, not Solvency II
- Latest figures
- FY 2025, Jan–Sep 2026
- Next update
- FY 2026, around May 2027
Growth
Amounts are always in euros: this changes how growth is measured, nothing else.
How growth is measured →In the news27 Oct 2026: Montenegro premium up 12.8% to €127.3m in 9M 2026; claims paid up 17.5% All news for Montenegro
Latest resultsJan–Sep 2026, year to date: €34m of premium, +8.8% on Jan–Sep 2025 (market +12.8%); share 27.0% (−1.0 pp), #1 of 11. More
Fingerprint
Lovćen's line mix, and where it stands among the 9 insurers in Montenegro on each measure, FY 2025.
Each bar runs from the weakest to the strongest of the insurers in Montenegro 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.
Latest quarter
Premium and market share
Market share against the nearest rivals
By year
| Insurer | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Lovćen | 34.4% | 33.3% | 30.5% | 29.7% | 27.7% |
| Sava | 14.6% | 16.1% | 17.3% | 16.9% | 17.6% |
| UNIQA neživotno | 12.2% | 13.0% | 14.4% | 14.8% | 16.0% |
| Generali | 11.4% | 11.3% | 10.7% | 10.3% | 9.9% |
| GRAWE neživotno | 7.1% | 6.6% | 7.3% | 7.6% | 8.0% |
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
Claims and costs over time
Solvency
Capital cover over time
DetailsCapital in detailOwn funds against the capital requirement, and the risks it covers
Capital at year end
What the capital requirement covers
Capital cover
Profitability
Net profit by year
All figures
Profit and equity by year
Lovćen beside the other insurers of Montenegro: operating ratio, sources of profit and leverage →
Also in the Triglav group
9 companies in 6 markets · €2.05bn premium, latest year
Ownership and events
Company details
- Legal name
- Akcionarsko društvo za osiguranje "Lovćen" Podgorica
- Registered seat
- Podgorica, Montenegro
- Website
- lovcen-osiguranje.me
- Employees
- 237 (2025; 253 in 2022, 243 in 2023, 242 in 2024)
- Premium per employee
- €173k (FY 2025; median for non-life insurers in Montenegro: €175k; all insurers)
Legal name, seat and LEI from the Global LEI Index (GLEIF); website from the company's own reports or the supervisor's register, checked 20 Oct 2026. Employees: employees under an employment contract at 31 December, from the notes to each insurer's audited financial statements published by the supervisor (ANO), people on supplementary-work contracts left out (Lovćen životna: the year's average); group companies share staff, so the counts add up to more than ANO's sector total.
Questions about Lovćen
Short answers from the figures on this page.
What is Lovćen's market share in Montenegro?
Lovćen wrote €41m of premium in FY 2025, 27.7% of all premium in Montenegro, ranking #1 of 9 insurers; its premium grew 2.9% on FY 2024.
Who owns Lovćen?
Lovćen is part of the Triglav group, which has 9 companies in 6 of the 18 markets on Polisa (FY 2025).
What does Lovćen sell?
Lovćen is a non-life insurer; its largest lines in FY 2025 are motor TPL (42.0% of its premium), property (19.9%) and accident (16.5%).
Is Lovćen well capitalised?
Lovćen's solvency margin was 296% at 31 December 2025: it covered its required solvency margin 3.0 times, against a median of 392% for the insurers in Montenegro (local rules, not Solvency II).
Is Lovćen profitable?
Lovćen made a net profit of €3.48m in FY 2025, a return on equity of 15.5%; its non-life combined ratio was 93% after reinsurance.
Is Lovćen growing?
Lovćen's premium grew 2.9% in FY 2025, slower than the market in Montenegro (+10.5%).
Sources for this page
Premium: ANO (Insurance Supervision Agency of Montenegro), quarterly market reports. Lines, claims and solvency margin: the insurer's annual report and ANO. 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.
Polisa. (2026). Lovćen (Montenegro): premium, market share, lines, solvency and claims [Data version 2026-11-11.13378f]. Retrieved November 11, 2026, from https://polisapro.com/insurers/me-lovcen
BibTeXShow entry
@misc{polisa_insurers_me_lovcen_2026,
author = {{Polisa}},
title = {Lovćen (Montenegro): premium, market share, lines, solvency and claims},
year = {2026},
version = {2026-11-11.13378f},
howpublished = {\url{https://polisapro.com/insurers/me-lovcen}},
note = {Accessed 11 November 2026}
}Reuse: Polisa's compilation CC BY 4.0 · source data: ANO (public information, no terms published).