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Merkur Osiguranje

Merkur groupSerbiamerkur.rs ↗#15 of 16 in Serbia, FY 2025
Updated 11 Nov 2026
Sources and updates
Source
premium and claims tables of the National Bank of Serbia; solvency margin where insurers publish it
Latest figures
FY 2025, H1 2026
Next update
Jan–Sep 2026, around November 2026

Sources for SerbiaWhat changed

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Premium
€8.5m
0.5% of Serbia
Growth
+11.3%
FY 2025 vs 2024, in RSD · market +8.0%
Life share
100%
of own premium
Capital cover
231%
Solvency margin · €4.9m held vs €2.1m required
Claims
—
non-life loss ratio, approximate
In shortNumber 15 of 16 in Serbia with 0.5% of premium, growing faster than the market. It paid €5.3m in claims, €63 for every €100 of its premium. It covers its required solvency margin 2.3 times.

Latest resultsH1 2026, year to date: €3.9m of premium, +3.2% on H1 2025 (market +6.9%); share 0.4% (±0.0 pp), #15 of 16. More

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Merkur Osiguranje's line mix, and where it stands among the 16 insurers in Serbia on each measure, FY 2025.

Line mix
Life100%
Size#15 of 16 by premium
€8.5m
larger than 7%median €63m
GrowthFY 2025 against 2024, in RSD
+11.3%
ahead of 60%median +9.8%
Claims
— no non-life business
Capital coverlocal solvency margin
231%
ahead of 60%median 195%
Return on equitynet profit ÷ average equity
−7.4%
ahead of 7%median 17.3%

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.

Premium and market share

Market share against the nearest rivals

By year

Insurer20212022202320242025
OTP Osiguranje0.6%0.7%0.8%0.9%1.1%
UNIQA životno1.5%1.3%1.0%0.9%0.8%
Sava Životno osiguranje0.5%0.5%0.5%0.6%0.6%
Merkur Osiguranje0.7%0.6%0.5%0.5%0.5%

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

Solvency

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

Capital at year end

Capital cover

    Also in the Merkur group

    3 companies in 3 markets · €115m premium, latest year

    All 3 on the Merkur page →
    Slovenia1 company€67m
    Merkur zavarovalnica€67m
    Croatia1 company€39m
    Merkur osiguranje€39m

    Company details

    Website
    merkur.rs
    Employees
    57 (2025; 25 in 2023, 40 in 2024)
    Premium per employee
    €148k (FY 2025; median for life insurers in Serbia: €110k; all insurers)

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

    Questions about Merkur Osiguranje

    Short answers from the figures on this page.

    What is Merkur Osiguranje's market share in Serbia?

    Merkur Osiguranje wrote €8.45m of premium in FY 2025, 0.5% of all premium in Serbia, ranking #15 of 16 insurers; its premium grew 11.3% on FY 2024 in RSD.

    Who owns Merkur Osiguranje?

    Merkur Osiguranje is part of the Merkur group, which has 3 companies in 3 of the 18 markets on Polisa (FY 2025).

    What does Merkur Osiguranje sell?

    Merkur Osiguranje is a life insurer; all its premium in FY 2025 is life insurance.

    Is Merkur Osiguranje well capitalised?

    Merkur Osiguranje's solvency margin was 230% at 31 December 2025: it covered its required solvency margin 2.3 times, against a median of 195% for the insurers in Serbia (local rules, not Solvency II).

    Is Merkur Osiguranje profitable?

    Merkur Osiguranje made a net loss of €0.448m in FY 2025, a return on equity of −7.4%.

    Is Merkur Osiguranje growing?

    Merkur Osiguranje's premium grew 11.3% 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.

    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). Merkur 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-merkur-osiguranje

    BibTeXShow entry
    Entry for a .bib file
    @misc{polisa_insurers_rs_merkur_osiguranje_2026,
  author       = {{Polisa}},
  title        = {Merkur Osiguranje (Serbia): premium, market share, lines, solvency and claims},
  year         = {2026},
  version      = {2026-11-11.13378f},
  howpublished = {\url{https://polisapro.com/insurers/rs-merkur-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).