Modra Zavarovalnica pension insurer generates record profit of EUR 12.2m

Ljubljana, 22 June - Pension insurer Modra Zavarovalnica, which is owned by the state's KAD pension management fund, generated EUR 12.2 million in net profit last year, a new record for the company. KAD has nonetheless decided to honour the call by the Agency for Insurance Supervision and not pay out dividends this year.