Makedonija
Sources and updates
- Source
- ISA reports on insurance companies; solvency margin, not Solvency II
- Latest figures
- FY 2025, H1 2026
- Next update
- Jan–Sep 2026, around December 2026
Growth
Amounts are always in euros: this changes how growth is measured, nothing else.
How growth is measured →In the news5 Mar 2026: Premiums up 12.3% to MKD 17.93bn in 2025, led by property and motor All news for North Macedonia
Latest resultsH1 2026, year to date: €20m of premium, +3.1% on H1 2025 (market −0.6%); share 13.0% (+0.5 pp), #1 of 16. More
Fingerprint
Makedonija's line mix, and where it stands among the 17 insurers in North Macedonia on each measure, FY 2025.
Each bar runs from the weakest to the strongest of the insurers in North Macedonia 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 |
|---|---|---|---|---|---|
| Makedonija | 7.8% | 7.8% | 8.1% | 14.4% | 12.7% |
| Eurolink | 9.7% | 8.8% | 9.3% | 9.3% | 11.9% |
| SIGAL | 8.8% | 8.9% | 9.1% | 9.4% | 10.4% |
| Triglav | 11.5% | 11.9% | 10.3% | 10.1% | 9.5% |
| Croatia Non-life | 5.8% | 7.4% | 7.6% | 7.9% | 8.5% |
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
Also in the VIG group
36 companies in 18 markets · €9.28bn premium, latest year
Also in Lithuania · €510mBulgaria · €364mLatvia · €254mSerbia · €169mCroatia · €167mEstonia · €110mAlbania · €55mSlovenia · €54mBosnia and Herzegovina · €52mMoldova · €21mKosovo* · €15mMontenegro · €14m
Ownership and events
Company details
- Legal name
- Акционерско друштво за осигурување и реосигурување МАКЕДОНИЈА Скопје - Виена Иншуренс Груп
- Registered seat
- Skopje, North Macedonia
- Website
- insumak.mk
- Employees
- 288 (2025; 147 in 2022, 139 in 2023, 294 in 2024)
- Premium per employee
- €129k (FY 2025; median for non-life insurers in North Macedonia: €131k; 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 at 31 December, from the notes to each insurer's audited financial statements or its annual report filed with the Macedonian Stock Exchange; the supervisor publishes only the sector total, which they match (2,012 of 2,016 in 2025).
Questions about Makedonija
Short answers from the figures on this page.
What is Makedonija's market share in North Macedonia?
Makedonija wrote €37m of premium in FY 2025, 12.7% of all premium in North Macedonia, ranking #1 of 17 insurers; its premium fell 1.1% on FY 2024 in MKD.
Who owns Makedonija?
Makedonija is part of the VIG group, which has 36 companies in all 18 markets on Polisa (FY 2025).
What does Makedonija sell?
Makedonija is a non-life insurer; its largest lines in FY 2025 are motor TPL (38.4% of its premium), property (28.9%) and health (11.2%).
Is Makedonija well capitalised?
Makedonija's solvency margin was 678% at 31 December 2025: it covered its required solvency margin 6.8 times, against a median of 298% for the insurers in North Macedonia (local rules, not Solvency II).
Is Makedonija profitable?
Makedonija made a net profit of €0.703m in FY 2025, a return on equity of 2.2%; its non-life combined ratio was 105% after reinsurance.
Is Makedonija growing?
Makedonija's premium fell 1.1% in MKD in FY 2025 while the market in North Macedonia grew 12.3%.
Sources for this page
Premium, lines, claims and solvency margin: ISA (Insurance Supervision Agency of North Macedonia), quarterly reports on insurance companies. 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). Makedonija (North Macedonia): premium, market share, lines, solvency and claims [Data version 2026-11-11.13378f]. Retrieved November 11, 2026, from https://polisapro.com/insurers/mk-makedonija
BibTeXShow entry
@misc{polisa_insurers_mk_makedonija_2026,
author = {{Polisa}},
title = {Makedonija (North Macedonia): premium, market share, lines, solvency and claims},
year = {2026},
version = {2026-11-11.13378f},
howpublished = {\url{https://polisapro.com/insurers/mk-makedonija}},
note = {Accessed 11 November 2026}
}Reuse: Polisa's compilation CC BY 4.0 · source data: ISA (no re-use terms published), MSE (personal non-commercial use only).