Macedonian non-life insurer Croatia Osiguruvanje-Nezivot said its audited net profit tripled to 11.583 million denars ($247,140/188,322 euro) in 2011 from 3.767 million denars a year earlier.

Zagreb-based Croatia Osiguranje set up its non-life insurance unit in Macedonia in May 2009. It has been present in Macedonia since 2005 through its life-insurance arm.

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MACEDONIA: Croatia Osiguruvanje-Nezivot 2011 Net Profit Triples