The insurer recorded an almost 88% increase in net profit in 2025, the year it marked the 30th anniversary of its establishment
Armeec Insurance Company is ranked fifth among the biggest and most profitable insurance companies in Bulgaria by gross written premiums in 2025, showed the annual Capital Magazine’s business ranking K100. The company closes the year with gross written premiums of EUR 178.535 million, up 6.8% from EUR 167.161 million in 2024.
The company also reported a significant increase in its financial performance. Its net profit increased from EUR 5.948 million in 2024 to EUR 11.178 million in 2025, representing year-on-year growth of 87.9%. Profit growth thus substantially outpaced the increase in gross written premiums.
The results were achieved in a milestone year for Armeec, which marked 30 years since its establishment in 2025. Over three decades, the company has established itself as a significant player in Bulgaria’s insurance market.
Capital’s K100 ranking tracks the performance of leading companies in Bulgaria based on key financial indicators. Armeec’s fifth-place position by gross written premiums places it among the country’s five largest insurers by this measure.