GRAWE Osiguranje
Growth
Amounts are always in euros: this changes how growth is measured, nothing else.
How growth is measured →Latest resultsH1 2026, year to date: €32m of premium, +9.2% on H1 2025 (market +6.9%); share 3.6% (+0.1 pp), #10 of 16. More
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GRAWE Osiguranje's line mix, and where it stands among the 16 insurers in Serbia on each measure, FY 2025.
Each bar runs from the weakest to the strongest of the insurers in Serbia 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 |
|---|---|---|---|---|---|
| Dunav osiguranje | 26.4% | 26.3% | 25.9% | 26.0% | 26.1% |
| Generali Osiguranje Srbija | 19.6% | 18.6% | 18.7% | 17.8% | 18.5% |
| DDOR Novi Sad | 11.7% | 11.4% | 10.9% | 11.1% | 10.5% |
| Wiener Städtische | 11.3% | 11.7% | 11.3% | 11.0% | 10.3% |
| GRAWE Osiguranje | 4.0% | 4.0% | 4.0% | 3.9% | 4.0% |
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
Also in the GRAWE group
14 companies in 10 markets · €686m premium, latest year
Also in Hungary · €30mBulgaria · €23mMontenegro · €19m
Ownership and events
Company details
- Legal name
- AKCIONARSKO DRUŠTVO ZA OSIGURANJE GRAWE, BEOGRAD (NOVI BEOGRAD)
- Registered seat
- Belgrade, Serbia
- Website
- grawe.rs
- Employees
- 547 (2025; 451 in 2022, 489 in 2023, 511 in 2024)
- Premium per employee
- €120k (FY 2025; median for composite insurers in Serbia: €143k; 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 each insurer's notes to the financial statements filed with the Business Registers Agency (APR), 2021–2025; UNIQA's two companies print only the average number in the year.
Questions about GRAWE Osiguranje
Short answers from the figures on this page.
What is GRAWE Osiguranje's market share in Serbia?
GRAWE Osiguranje wrote €65.9m of premium in FY 2025, 4.0% of all premium in Serbia, ranking #8 of 16 insurers; its premium grew 11.4% on FY 2024 in RSD.
Who owns GRAWE Osiguranje?
GRAWE Osiguranje is part of the GRAWE group, which has 14 companies in 10 of the 18 markets on Polisa (FY 2025).
What does GRAWE Osiguranje sell?
GRAWE Osiguranje is a composite insurer; its largest lines in FY 2025 are life insurance (62.5% of its premium), casco (18.0%) and motor TPL (12.3%).
Is GRAWE Osiguranje well capitalised?
GRAWE Osiguranje's solvency margin was 263% at 31 December 2025: it covered its required solvency margin 2.6 times, against a median of 195% for the insurers in Serbia (local rules, not Solvency II).
Is GRAWE Osiguranje profitable?
GRAWE Osiguranje made a net profit of €5.14m in FY 2025, a return on equity of 7.0%; its non-life combined ratio was 104% after reinsurance.
Is GRAWE Osiguranje growing?
GRAWE Osiguranje's premium grew 11.4% in RSD in FY 2025, faster than the market in Serbia (+8.0%).
Sources for this page
Premium and claims: National Bank of Serbia, quarterly tables T1, T3 and T10–T12 and the insurers' financial statements. The tables are linked under Sources by market; their figures are not changed, and Polisa's calculations are its own. Solvency margin: the insurer's annual report, where published. How these numbers are built.
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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). GRAWE Osiguranje (Serbia): premium, market share, lines, solvency and claims [Data version 2026-11-11.13378f]. Retrieved November 11, 2026, from https://polisapro.com/insurers/rs-grawe-osiguranje
BibTeXShow entry
@misc{polisa_insurers_rs_grawe_osiguranje_2026,
author = {{Polisa}},
title = {GRAWE Osiguranje (Serbia): premium, market share, lines, solvency and claims},
year = {2026},
version = {2026-11-11.13378f},
howpublished = {\url{https://polisapro.com/insurers/rs-grawe-osiguranje}},
note = {Accessed 11 November 2026}
}Reuse: Polisa's compilation CC BY 4.0 · source data: NBS (written consent for non-commercial use (5 Nov 2026)), APR (personal non-commercial use only).